Former President John Mahama has lambasted government for lying about the negative impact of its debt restructuring programme on investments.
Mr. Mahama said government’s assurances that there would be no haircuts for individual bondholders are actually happening now.
He is worried that the situation will cause financial ruin for bondholders and expressed his outrage on Twitter.
President Akufo-Addo promised that after an IMF deal, no investor’s money will be lost. These investments include pension funds, government treasury bills and instruments.
On October 30, 2022, he calmed nerves by promising no one will lose money in the debt restructuring.
“There will be no haircuts, so I urge all of you to dismiss the false reports, just as, in the banking sector clean-up, the Government ensured that the 4.6 million depositors affected by the exercise would not lose their money”.