Close Menu

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    What's Hot

    Wontumi Arrest: Minority walkout lacks strategic value

    Fresh Labor push for a new tax that will impact every Australian: What it means for you

    I would have loved to play in the final of Unity Cup

    Facebook X (Twitter) Instagram
    • Lifestyle
    • Africa News
    • International
    Facebook X (Twitter) Instagram YouTube WhatsApp
    PapaLincPapaLinc
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports
    Subscribe
    PapaLincPapaLinc
    You are at:Home»News»GH¢61.7 billion cost of DDEP concerning
    News

    GH¢61.7 billion cost of DDEP concerning

    Papa LincBy Papa LincMay 5, 2025No Comments2 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    GH¢61.7 billion cost of DDEP concerning
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    Though the country has gone through a series of economic disruptions in the last few years, key among them being the Domestic Debt Exchange Programme (DDEP) costing a whooping GH¢61.7bn, central government must regardless innovate measures to rebuild confidence for investment, Banking Consultant Dr. Richmond Atuahene has said.

    Dr. Atuahene was speaking at the 2025 Money Summit hosted by B&FT in Accra and said the country moved from the financial crisis in 2018 – when it spent some GH¢25billion equivalent to 7.1 percent of GDP – to the COVID-19 pandemic cost which was GH¢21.8 billion at the time, coupled with the economic downturn of 2022.

    He disclosed that the last straw which broke the heart of pensioners and investors and derailed investments and savings was the DDEP, which cost government a whopping GH¢61.7billion.

    “That was how much was lost to the pensioners, BoG, banks, individuals and all stakeholders including retail and institutional investors.”

    He said what’s been so astonishing was that just as the dust is settling from the melee, President Donald Trump decided to slap a 10 percent tax on Ghanaian imports.

    This decision, Dr. Atuahene said, will surely make the country’s imports expensive and exports uncompetitive – thereby creating some level of uncertainty for businesses.

    Dr. Atuahene was providing a background and answering the question: “Considering all the macroeconomic pressures the country has faced in the past, what must central government do to improve the desire and appetite for investments?”

    He maintained the nation must go on regardless, adding: “We however need pragmatic and bold leadership, as most of the country’s economic problems are self-inflicted.”

    Equally, the CEO of Dalex Finance, Joe Jackson, explained that though investor confidence was badly damaged in the immediate past, the country cannot afford to come to standstill and remain paralysed on investment.

    “The DDEP was once in a generation shock and just as the country has adjusted to post-COVID measures, there must be a way to reorganise and move ahead as a nation,” he said, emphasizing that debt servicing ratios and inflation must be holistically monitored and controlled.

    Despite shocks of the DDEP, Mr. Jackson said investment is still the key solution and strategy to successful pensions.

    The Summit’s theme, ‘Optimising investment and pensions management: Strategies for sustainable retirement income and economic growth’, reflects how long-term financial planning can become the means to having a successful retirement.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleLady receives ₦500,000 as the most expensive birthday gift from her boyfriend this year (WATCH)
    Next Article Videographer stúnned after his light man left him to groove during an event (WATCH)
    Papa Linc

    Related Posts

    Wontumi Arrest: Minority walkout lacks strategic value

    May 30, 2025

    Fresh Labor push for a new tax that will impact every Australian: What it means for you

    May 30, 2025

    Ghana to observe National Day of Prayer and Thanksgiving on July 1

    May 30, 2025
    Ads
    Top Posts

    A Plus questions the hypocrisy of NPP members who remained silent about corruption for 8 years, only to speak out after losing power.

    December 26, 202443 Views

    Here’s why Ghana Airways collapsed in 2004

    November 5, 202442 Views

    Urgent search continues for Paul Barning after he was attacked by shark during fishing competition

    February 23, 202538 Views

    Kenyan Senator breaks silence on her alleged intimate affairs, secret child with John Agyekum Kufuor

    December 21, 202433 Views
    Don't Miss
    News May 30, 2025

    Wontumi Arrest: Minority walkout lacks strategic value

    Some NPP MP siting on the floor infront of the EOCO headoffice Executive Director of…

    Fresh Labor push for a new tax that will impact every Australian: What it means for you

    I would have loved to play in the final of Unity Cup

    Ghana to observe National Day of Prayer and Thanksgiving on July 1

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • WhatsApp

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    Ads
    About Us
    About Us

    Your authentic source for news and entertainment.
    We're accepting new partnerships right now.

    Email Us: info@papalinc.com
    For Ads on our website and social handles.
    Email Us: ads@papalinc.com
    Contact: +1-718-924-6727

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    Wontumi Arrest: Minority walkout lacks strategic value

    Fresh Labor push for a new tax that will impact every Australian: What it means for you

    I would have loved to play in the final of Unity Cup

    Most Popular

    April 3, 2023 – Russia-Ukraine information

    October 17, 20240 Views

    ‘I’ve by no means seen something like this:’ Certainly one of China’s hottest apps has the flexibility to spy on its customers, say specialists

    October 17, 20240 Views

    DKB reacts to criticism following his 24-hour economic system skit

    October 17, 20240 Views
    © 2025 PapaLinc. Designed by LiveTechOn LLC.
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.