A member of the National Communications Team of the New Patriotic Party (NPP), Madam Tabitha Ayilla, has credited Ghana’s current economic stability to the sacrifices made during the domestic debt restructuring process under the previous government.
Speaking in an interview on GHOne TV monitored by MyNewsGH, she admitted that the policy was unpopular but emphasized that it played a crucial role in reviving the economy.
“The only place most people were not happy with us was the domestic debt restructuring. I remember vividly that the then Finance Minister, Honorable Amin Adam, came out and apologized to those who were affected,” she said.
Despite the backlash, Ayilla insisted that the decision was necessary for economic recovery.
“Due to those sacrifices, we have a good economy today. We have to cherish and acknowledge those who made them whenever we talk about the unfortunate IMF program we had to enter,” she noted.
She further explained that Ghana’s move to seek assistance from the International Monetary Fund (IMF) was not an internal decision but was driven by external economic shocks.
According to her, vulnerabilities existed in the economy before, but global crises, including the COVID-19 pandemic, made them worse.
The post NDC owes economic stability to our domestic debt restructuring – Tabitha Ayilla appeared first on MyNewsGh.
