
Ghana discovers new oil and gas in Tano Basin - President Mahama confirms
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17th September 2023 11:18:05 AM
1 min readBy: Chris Kodo

Professor John Gatsi, the Dean of Cape Coast University Business School, has called upon the government to provide a comprehensive account of Ghana's financial situation.
This request comes in light of the government's decision to reopen the Domestic Debt Exchange Programme (DDEP).
The Ministry of Finance issued a statement explaining that the reopening of the program aims to accommodate holders who were unable to participate in the February 2023 exercise.
Professor Gatsi, speaking on the matter during an interview on Morning Starr with Francis Abban, suggested that the reopening of the program might be due to the government's failure to achieve its targeted debt level.
He emphasized that the key issue is not how the DDEP was conducted but whether the government has fully disclosed the fiscal state of the country.
Professor Gatsi expressed skepticism, stating that even with a 100 percent successful debt exchange program, it wouldn't be sufficient to resolve the country's problems because Ghana's financial situation is deeply troubled.
Furthermore, he accused the government of not being transparent about the true economic condition of Ghana.
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