Joyce Bawah Mogtari, Special Assistant to former President John Dramani Mahama has accused the Akufo-Addo administration of messing up the economy and also destroying people’s investments.
Commenting on the Debt Exchange, she said the programme has been disguised to take the livelihoods of the people from them.
“Fellow Ghanaians lost monies and jobs in the Banking Sector clean up exercise, and now they are taking people’s livelihoods from them, disguised as a Domestic Debt Exchange Scheme,” she tweeted.
The former Deputy Minister of Transport added “So annoying. So now it’s the fault of Ghanaians for expecting that leadership does what it was elected to do? You mess up the economy and scuttle people’s hard-earned investments and turn round to suggest the victims of your recklessness are not being patriotic enough?”
Also commenting on this development, a Vice President of Imani Africa Bright Simons said that the upper middle class in Ghana will now opt for more investment opportunities abroad due to the domestic debt exchange programme
In a tweet, he said “Folks all fired up about how the economic situation will now push upper middle class folks to join the political fray for more accountability.
“Sorry to burst your bubble, but it will just push them to look for more investment options abroad, causing more economic [problems]for Ghana.”
The Majority Leader in Parliament, Osei Kyei-Mensah-Bonsu indicated that the Programme could wipe out the middle class.
This, he said, is where the danger is hence, further engagements are needed.
He said these while speaking with a group of individual bondholders led by convener, Senyo Hosi and private legal practitioner Martin Kpebu when they submitted a petition to exclude individual bondholders from the debt exchange to him on Friday.
The Suame Lawmaker said “What we [are] talking about is that many of these bondholders also belong to the middle class and that’s where the major worry is. If we are wiping away the middle class, that could be dangerous, so we need to have some further dialogue on this.
“Government thinks that this is the best way forward, however, even if it is, we need to engage, reflect and then move on and that will encourage some people who have some doubt to better appreciate where we are.”