Government reopens invitation for ESLA, Daakye Trust bondholders in Domestic Debt Exchange Programme

Share this

The Ghanaian government has extended fresh invitations to bondholders of E.S.L.A. Plc and Daakye Trust Plc, encouraging them to engage in the domestic debt exchange programme by trading their existing holdings for a new package.

A press release issued on September 13 by the Ministry of Finance called upon holders of domestic notes and bonds to actively and voluntarily partake in this opportunity.

The statement from the Ministry clarified the purpose of this reopening, stating, “The Government announced today that it is reopening its invitation to the exchange that settled in February 2023 (the ‘February 2023 Exchange’) and is therefore once again inviting holders of the domestic notes and bonds of the Republic of Ghana, E.S.L.A. Plc and Daakye Trust Plc…to tender their holdings of the Eligible Bonds in exchange for a package of New Tranches (as defined below) of the same new bonds that were issued by the Government (the ‘New Bonds’) as part of the February 2023 Exchange.”

The Ministry emphasized that this opportunity is specifically extended to holders who were unable to participate in the February 2023 exchange due to certain delays.

“We are aware that a number of holders of Eligible Bonds did not participate in the February 2023 Exchange on time and, as a result, were left with their holdings of the Eligible Bonds. Mindful of this development, we are proceeding with an administrative reopening of the February 2023 Exchange.”

However, the release clarified that this invitation is exclusively available to registered holders of Eligible Bonds, excluding Pension Funds. Additionally, individuals who have previously tendered Eligible Bonds in prior GHS-denominated invitations in 2023 are no longer eligible.

The Domestic Debt Exchange Program was initiated in December 2022 with the aim of fortifying Ghana’s capacity to service its debt obligations.



Share this

Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.