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Joe Jackson, Dalex Finance's director of strategy and business operations, has urged organizations and people to support the government's proposed policies for its debt swap scheme.
Some business people have criticized the government for some parts of the policy.
Speaking on Eyewitness News about the scheme's pros and cons, Joe Jackson advised the public to maintain composure even though it presents a challenging situation.
"The alternatives are terrible. Because of this, we must approach this bitter pill that we are going to swallow with reason and moderation. That is the real situation. Screaming and yelling are unacceptable since they won't make the situation better. The government will find it more challenging to raise capital for its bonds in the next months and years as a result of this tough position and bitter pill.
To put the nation's debt on a sustainable course, Ghana created the Domestic Debt Exchange Program.
Due to the debt restructuring, domestic bondholders will receive interest payments that are zero percent in 2023 and five percent in 2024.
In an effort to reestablish the country's ability to service its debt, existing domestic bonds as of December 1, 2022, will also be swapped for a series of four new bonds expiring in 2027, 2029, 2032, and 2037.
Treasury bills and individual bondholders won't be impacted by the scheme, though, and there won't be any "haircuts" to the bond principal, according to the government.