Finance Minister, Ken Ofori-Atta, has explained that there will not be another round of domestic debt restructured.

0

An earlier report had indicated that whiles the minister was making an address at the ongoing IMF/World Bank Spring meetings, he hinted at a possible debt restructuring targeted at pension funds.

1

According to him, the statement he made was misconstrued to mean he said there would be a second round of DDEP.

2

“We are not planning a second round of the domestic debt exchange programme for pension funds. I think it was a misunderstanding,” he is quoted by myjoyonline.com

3

He maintained that the earlier agreements reached with organized labour to exempt pension funds from the DDEP still hold and have not changed.

4

“We reached an agreement with organised labour association that pension funds were exempted. That has not changed,” he added.

5

The finance minister and other members of the economic management team are currently in Washington D.C. for the annual IMF/World Bank spring meetings.

6

The team is expected to make the final push for Ghana’s pending request for a $3 billion request from the IMF.

7

8