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 […]
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 […]
