ISSER: Government must intensify education on debt exchange programme

The Institute of Statistical, Social and Economic Research (ISSER) has suggested to the government to step up education on its newly launched debt exchange programme.

This, according to ISSER will help Ghanaians appreciate and understand the programme for a possible buy-in.

Finance Minister Ken Ofori-Atta on Monday (5 December) launched the debt exchange programme in line with the government’s quest to restructure debt and put the economy back on track.

The Ghana Medical Association has, however, kicked against the programme adding that it will affect pension funds and subsequently health care delivery.

Speaking on the Asaase Breakfast Show on Wednesday (7 December) executive director of ISSER, Prof Peter Quartey said Ghanaians must sacrifice now to help address the current economic challenge.

“There is no doubt that this programme is a bitter pill to swallow … But it is important that we swallow this pill now rather than wait for a later time when things will definitely get worse,” he said.

“The NCCE should be equipped to head out and educate people; let them understand the reality on the ground and why certain decisions are being made. This will go a long way to help reduce panic.”

 He added, “I will like to urge citizens and unions to allow cool heads to prevail. A multitude of factors have led us here and it is important that we focus on consensus to make it out of this situation.”