Finance Minister, Ken Ofori-Atta says he is optimistic that measures the government is putting in place will witness a stable and thriving economy beginning 2023.
Singling out measures outlined in the 2023 Budget Statement and underpinned by a successful IMF programme, he expressed confidence in the country’s economy in the distant future.
“We, accordingly, anticipate that inflation will be returned to a single digit, ensuring that real returns on these new bonds will be protected,” Mr. Ofori-Atta said at the launch of the nation’s Domestic Debt Exchange held at the Ministry of information on Monday morning.
He reiterated the government led by President Nana Akufo-Addo’s pledge to restore and sustain debt sustainability, saying “we plan to reduce our total public debt to GDP ratio to some fifty-five percent (55%) in present value terms by 2028”.
This, Mr. Ofori-Atta said, can only be achieved through “the active participation of all key economic actors. In that perspective, we call upon all domestic debt holders to take their share in ensuring that public debt sustainability is quickly restored by participating in this exchange programme.
“Our pledge to you all is that Government will take all appropriate measures to safeguard the solvency of the financial institutions involved in the exchange,” he assured.
By: Bernard Ralph Adams | Metrotvonline.com | Ghana
