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 […]
The GCB Bank PLC has sought the approval of its shareholders for GH₵1 billion to meet the regulatory capital adequacy ratio requirements and strengthen access to funding markets in order to bolster confidence in the Bank. This target has been necessitated in the bid to address the impact of the Domestic Debt Exchange Program (DDEP). […]
The Domestic Debt Exchange Programme presents a silver lining that the country must grab with both hands and fly with it, the Managing Director of Ghana Stock Exchange, Abena Amoah has said. She said the DDEP would reset the interest rate regime of the country and also help free up capital for investment in the […]
The Speaker of Parliament has asked the Finance Minister, Ken Ofori-Atta, not to touch monies belonging to pensioners. Alban Bagbin said the current economic crisis can be solved without the funds of the pensioner. Wrapping up on the business of the House on Thursday, February 16, the former Nadowli Kaleo MP said Parliament will resist […]
The government has secured more than 80 per cent of targeted participation in the Domestic Debt Exchange Programme (DDEP), a source familiar with the process hastold the Daily Graphic. According to the source, the Central Securities Depository was conducting the final reconciliation of the numbers to ensure that there was no double counting. The deadline […]
The Speaker of Parliament, Alban Sumana Kingsford Bagbin, has directed the Business Committee of Parliament to schedule the Finance Minister, Ken Ofori-Atta, to appear before the House to brief members on affairs of the domestic debt exchange programme (DDEP). He said both sides of the House had agreed that the Finance Minister be scheduled to […]
The government has created an administrative window to enable bondholders to complete the tender process, following what the Finance Ministry described as “technical glitches”. The window will last until Friday, February 10, this year to enable all eligible bondholders who were unable to complete the process to do so. They are to visit the website […]
Organised Labour has reiterated that the agreement it had with the government in December last year to grant exemption to all pension funds in the Domestic Debt Exchange programme (DDEP) is final. In a statement dated February 1, 2023 reacting to the government’s revised DDEP on January 31 and extension of the deadline, Organised Labour reiterated […]
The Government of Ghana and the Ghana Association of Banks (GAB) have made significant progress on the terms of participation of Banks in the Domestic Debt Exchange Programme (DDEP). The new agreement encompasses final improvements to the terms of the programme. These include; an agreement to pay 5% coupon for 2023 and a single coupon […]
A 77-year-old sick retiree, Peter Kojo Nyasepe, has vowed to stay at his bank’s premises until he receives his interest on his bonds at the end of the month. Peter, who is a bondholder says he buys medications to survive from the returns on his bonds and therefore the returns cannot be withheld. Speaking in […]
Finance Minister, Ken Ofori-Atta has assured that government will not touch Treasury Bills (T-bills) under the Domestic Debt Exchange Programme. According to him, it will be suicidal for government’s own finances and fundraising programmes in the future to touch T-bills as part of the programme. Mr. Ofori-Atta noted that government has conducted a Debt Sustainability […]
The deadline for individual bondholders to assent to the governments invitation to the Domestic Debt Exchange Programme(DDEP) ends today. Reports, however, reaching the Daily Graphic indicate that the response has been extremely poor with millions of bondholders refusing to sign on, a development confirmed by some banks. It is not clear what the government’s response […]
