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 […]
The Progressive People’s Party (PPP) says the government should exempt all domestic bondholders from its debt exchange. It said the approach of government should be focused on developing a valuation model of debt restructuring to be auctioned on the secondary market. “We advise that, if government will want to pursue debt exchange as a tool, […]
Some commercial banks in the country have started sending messages to their individual bond holders to subscribe to the government’s Domestic Debt Exchange Programme (DDEP) by close of day Thursday (Jan 12, 2023). One of such messages the Graphic Online accessed read; “In pursuant to the Minister of ‘Finance’s directive on the Domestic Debt Exchange […]
