Debt Restructuring: Nothing will change; next 10 years will be rough – Ken Thompson

Kenneth Thompson, CEO of Dalex Finance, has warned Ghanaians to prepare for tough economic times over the next decade.

Speaking on Joy News' PM Express, he criticized debt forgiveness efforts, suggesting they only delay problems.

He expressed doubt that the $300 million from the IMF would bring lasting change, noting the government's failure to meet revenue targets. Despite Finance Minister Dr. Mohammed Amin Adam announcing successful debt restructuring and $8 billion in savings, Thompson remains skeptical.

He predicts the cedi will decline post-December elections and urges the government to cut expenditure and increase income, preparing for a challenging decade.