The Christian Council of Ghana has called on the government to immediately suspend the debt exchange programme.
In a statement, the Christian Council said after various discussions with some stakeholders on Ghana’s economy, they are convinced that the whole process needs to be suspended until broader consultations have been made.
The Christian Council of Ghana has reiterated the need for the Government to suspend the 31st January deadline given to bondholders to sign onto the Domestic Debt Exchange Programme.
According to the Council, it has observed with keen interest the ongoing debate around the programme and is calling on the Government to suspend it until a broader consultation has been done.
A statement by the Council indicated that as an advocacy group that speaks for the vulnerable in society, the concerns raised by the Individual Bondholders Association of Ghana, Pensioner Bondholders Forum, its Church members, and the public on broader consultation is the way to go.