CLEAN : Ghana offers local debt swap as part of IMF talks

The transcript discusses a major policy announcement by the Minister of Finance aimed at restoring macroeconomic stability in Ghana. The policy includes a domestic debt operation involving an exchange for new bonds with specific interest terms. The goal is to recover from the economic crisis, secure IMF support, and avoid further instability. The Minister assures that bondholders will not face a haircut on the principal. The plan emphasizes collective effort to overcome the crisis and highlights the potential consequences of inaction.

What are the expected benefits of the domestic debt operation?

What could be the consequences of not addressing the economic crisis?