Home / National News / Mobile Money Loan Defaulters Need Debt Restructuring – Papa Jay [Audio]

Mobile Money Loan Defaulters Need Debt Restructuring – Papa Jay [Audio]

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The Asante regional communication team member of the National Democratic Congress (NDC), Mr. Jarry James Sukah better known as Papa Jay  has indicated that, the country is no longer a debt sustainable because of the rate in which the government has been borrowing.



Following the recent caution by Bank of Ghana, he explained that, it’s economically not prudent to the sitting government to mess up and recklessly plunge the country in to a debt distress.

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He lamented that, the country has collapsed such that there is high inflation and exchange rates and has sent the country to the International Monitory Fund (IMF) for support and government turn around to caution Momo loan defaulters.


He stated that, the is insensitivity to the plights of Ghanaians because Ghanaians are directly hit with their incompetence and as a result costs of living continue to exacerbate, businesses are collapsing.

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He added that, what prevents the Ghanaian who has defaulted in payment of his Momo loan from calling for restructuring if the government of Ghana wishes to do same to its creditors.





Listen to Papa Jay in the audio below











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