Associate Professor at Andrews University, William Preprah, has noted a decline in confidence within the financial sector since the inception of the Domestic Debt Exchange Programme (DDEP).
“So this means that we'll be able to have enough room to plan, and it is going to reduce our debt burden so that we will be able to achieve the Gross Domestic Product to debt ratio that we have all been envisaging to achieve”, he explained.
“Ghana's financing option in the time pass has been the problem. We mostly relied on foreign denominated loans; they were the main issues why our debt situation got worse especially when we convert the foreign denominated loans back into cedis which experiences rapid devaluation. The only way to save the economy or this financial stress is to have a significant cut in the external creditors’ holdings”.
Reducing inflation: Leverage numerous warehouses to store excess food – Prof Peprah – MyJoyOnline.com myjoyonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from myjoyonline.com Daily Mail and Mail on Sunday newspapers.