Osei Kyei-Mensah-Bonsu, the majority leader in parliament, said that the House was not informed of the Domestic Debt Exchange Programme (DDEPspecifics )'s prior to Ken Ofori-Atta, the finance minister, making the announcement on December 5, 2022.

Despite domestic economic commitments, he claims that Parliament was not given the fine details of the debt swap program, which is a component of the proposed debt restructuring plan by the International Monetary Fund (IMF).

“There were meetings before the budget came to be consummated and later on presented by the Finance Minister. So we had broad discussions, but the details were not known to us at the time, but some consultations went on as to where exactly we were as a nation. But I am not too sure that this matter came up for discussion maybe the broad strokes were mentioned but not the details,” Kyei-Mensah-Bonsu said speaking on Accra-based Citi FM.

As part of efforts to secure an IMF bailout and address the country’s unsustainable debt situation, government launched the DDEP inviting bondholders to voluntarily exchange approximately GH¢137 billion domestic notes and bonds of the Republic including ESLA and Daakye for a package of new bonds.

Meanwhile, various groups of bondholders have called on their members to reject government’s Domestic Debt Exchange Programme due to a lack of broader consultations and negotiations.