{"id":235903,"date":"2024-10-20T20:38:49","date_gmt":"2024-10-20T20:38:49","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/20\/napo-apologises-to-bondholders-for-negative-impact-of-ddep\/"},"modified":"2024-10-20T20:38:49","modified_gmt":"2024-10-20T20:38:49","slug":"napo-apologises-to-bondholders-for-negative-impact-of-ddep","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/20\/napo-apologises-to-bondholders-for-negative-impact-of-ddep\/","title":{"rendered":"NAPO apologises to bondholders for negative impact of DDEP"},"content":{"rendered":"

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\"NPP NPP vice presidential candidate, Dr Matthew Opoku Prempeh<\/span><\/span><\/p>\n<\/div>\n

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Dr Matthew Opoku Prempeh, the New Patri\u00adotic Party\u2019s (NPP) vice presidential candidate, has publicly apologised to bondholders who faced negative impacts from the government\u2019s Domes\u00adtic Debt Exchange Programme (DDEP).<\/p>\n

Speaking during an interview on Accra-based Peace FM on Wednesday, he acknowledged the significant sacrifices bondholders made to help stabilise Ghana\u2019s economy during a challenging period.<\/p>\n

In his remarks, Dr Opoku Prempeh expressed sincere gratitude to the bondholders for their contribu\u00adtions, highlighting their essential role in the country\u2019s economic recovery efforts.<\/p>\n

He underscored that their willingness to participate in the DDEP was instrumental in enabling the govern\u00adment to effectively restructure the nation\u2019s debt, partic\u00adularly in negotiations with the International Monetary Fund (IMF) and foreign bondholders.<\/p>\n

The vice-presidential candidate pointed out that the DDEP was a necessary step to address Ghana\u2019s mount\u00ading economic challenges.<\/p>\n

By accepting the terms of the programme, bond\u00adholders played a vital part in facilitating the country\u2019s return to financial stability, which benefits not just the government but all Ghanaians.<\/p>\n

He emphasised the importance of dialogue and collaboration with stakeholders to ensure that their concerns were addressed moving forward.<\/p>\n

\u201cWhat we have to know is that if we hadn\u2019t met the DDEP bondholders, our economy that has now picked up wouldn\u2019t have been possible,\u201d he stressed.<\/p>\n

He said \u201cIf they hadn\u2019t agreed for us to exchange their 95 per cent bonds, we couldn\u2019t have gone through the restructuring process with the IMF, and the foreign bondholders would have not followed for us to achieve this result.\u201d<\/p>\n

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