Govt Outlines Debt Exchange Program: Seeks To Reduce High Public Debt | Economy

The GDX program follows a series of engagements with key stakeholders on how to deal with the debt burden.

The Ministry of Finance and the Bank of Ghana (BoG), on October 12, this year, constituted a five-member committee to lead discussions with financial sector players on Ghana's debt management.

The consultative committee, led by Albert Essien, with Simon Dornoo as Vice-Chair, also had Alex Asiedu, Mabel Nyarkoa Porbley and Peter Enti as members.

The formation of the committee was part of efforts to ensure orderliness and confidence in the government's ongoing negotiations with the IMF.

“The will be consultative and will, among other things, lead discussions with the financial services industry and other stakeholders to provide industry-wide inputs and transmit industry concerns on debt management strategy to the MoF and the BoG,” the statement committee announcing the formation of the committee said.