Kwame Pianim

DDEP: I Told Akufo-Addo, Ofori-Atta That Giving Banks Haircut Just After Cleanup Was Wrong But I Was Ignored – Pianim

DDEP: I Told Akufo-Addo, Ofori-Atta That Giving Banks Haircut Just After Cleanup Was Wrong But I Was Ignored – Pianim

A renowned economist, Kwame Pianim, has said he put together a team of financial experts and discussed the impact of the Domestic Deebt Exchange Programme (DDEP) on banks and submitted a memorandum to President Nana Addo Dankwa Akufo-Addo, Vice President Dr Mahamudu Bawumia, and Finance Minister Ken Ofori-Atta but the concerns was ignored. He stated that giving the banks a haircut just after the cleanup exercise in the baking sector was wrong. On Monday, January 23, the Government of Ghana and the GAB reached an agreement on the new terms for the Domestic Debt Exchange programme. The banks had earlier rejected…
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