An economist at the University of Ghana Business School (UGBS), Dr. Patrick Assuming has welcomed the address by the president and clarification on investments.
However, he believes the president could have add more than just the scanty information provided.
These comments comes after the President Nana Addo Danwa Akufo-Addo announced that there will be no ‘haircut’ as the country seeks a programme with the International Monetary Fund (IMF).
Asked what he made of the president’s address, the lecturer said, its good the president spoke but expected more.
“It is good the President says there will be no haircut but he should have expanded that comment,” Dr Assuming told Martin Aseidu Darteh on the Mid day news on TV3 Monday October 31.
He questioned that “we are in a difficult situation, if we are not doing haircut, will there be restructuring?”
President Nana Addo Dankwa Akufo-Addo has assured that no investor will lose his or her money including pensions funds, government treasury bills or instruments if Ghana finally seals a deal with the International Monetary Fund (IMF).
Mr Akufo-Addo noted that some members of the public have concerns that they will lose their investments if the deal with the Fund is closed,
But delivering an address to the nation on Sunday October 30, Mr Akufo-Addo allayed the fears saying, just as customers’ deposits were saved during the banking sector clean up exercise, no one will lose money in this also.
He said “There will be no ‘haircuts’, so I urge all of you to ignore the false rumours, just as, in the banking sector clean-up, Government ensured that the 4.6 million depositors affected by the exercise did not lose their deposits.
“I also want to assure all Ghanaians that no individual or institutional investor, including pension funds, in Government treasury bills or instruments will lose their money, as a result of our ongoing IMF negotiations.”