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Domestic Debt Exchange: This is the most expensive economic recovery in history- Prof. Bokpin
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Economist and Prof of Finance, Prof. Godfred Bokpin has asserted that the apology from the Minister of Finance, Dr.Amin Adam means nothing in the face of challenges ahead.
According to the Prof of Finance, “In our history, this is the pricy and most expensive economic recovery.”
He said when you look at the data “let’s not joke about it, it is going to take us decades to get out of this.”
Speaking to Evans Mensah on Joy News, he said at this present rate and the level of governance on the table, nothing is going to change.
“If you look at the domestic debt exchange and external debt restructuring it is just to buy space while the IMF programme is in force,” he said.
Prof. Bokpin shockingly revealed that after 2026, there is no way the country will sustain its debt and optimally allocate funds to priority spending in the area of education, health, education, agriculture in the manner that it will benefit Ghanaians.
“If you look at the energy sector shortfalls, if you do the forecast and the maturity clustering of the DDE, we are looking at more GH₵ 33billion in 2027, about GH₵37 billion in 2028, how will the country prepare for that?,” he queried.
He concluded that “If you are thinking of setting up a sinking fund, there is a trade off, if you look at the growth projection from now to 2029, it is insufficient.”
By Edem Mensah-Tsotorme
Mr. Alban Sumani Kingsford Bagbin has announced private sector led initiative that will see “Visit Ghana” on the “front of jersey” of Sunderland Football Club for the 2026/2027 football season.
The “Visit Ghana” project is a special marketing drive that will have presence on the front of jersey of Sunderland Football Club during the English Premier League.
Under this initiative, Sunderland FC will have on the front of their jerseys, “Visit Ghana” as part of efforts to drive and promote tourism in Ghana.
“We are entering a formal engagement with them to put Visit Ghana on their jerseys and all paraphernalia.
“We have gone far with the discussions, and therefore they usually showing interest,” Mr. Bagbin stated this at the 37th sitting of Parliament.
Mr. Bagbin explained further that, the initiative is not being sponsored by Parliament, but by the private sector adding that, the project will boost tourism in Ghana.
“This is not being sponsored by parliament. Infact the main sponsor is from the private sector, we are leading under my canopy to get this done.
“The GFA, the Ministry of Sports and Recreation and the Ministry of Finance have also been very supportive in this project,” he stated.
The Visit Ghana Front of Shirt Partnership with Sunderland, is expected to make Ghana the first African country to occupy such a position with a premier league club, and also offer global promotion for Ghana through EPL broadcasts, digital platforms and international media channels.
Motorists traveling between Accra and Kumasi are facing major delays today following a serious road crash at Birimso Bridge on the N6 Highway.
The accident, which involved a high-occupancy passenger bus, a loaded articulated truck, and a sedan, has completely blocked both lanes of the highway. As a result, all Accra-bound and Kumasi-bound traffic has been brought to a standstill.
Personnel from the Eastern South Regional Police MTTD, based in Kibi, are currently at the scene managing the situation.
To ease congestion, police have put in place temporary traffic diversions effective today.
By Edem Mensah-Tsotorme
