Your treasury bills are completely safe, no haircut in domestic bonds – Ofori-Atta

Share this

Finance Minister Ken Ofori-Atta has assured that treasury bills (T-bills) are exempted from government planned debt exchange programme.

He gave the assurance in a statement issued on Sunday, December 4, 2022.

According to Mr Ofori-Atta, small investors, individuals and other vulnerable groups who have invested in T-bills are exempted from the debt exchange exercise.

“Treasury bills are completely exempted and all holders will be paid the full value of their investments on maturity.”

“There will be no haircut on the principal of bonds. Individual holders of bonds will not be affected,” he added.

This comes on the back of government plans to announce the full details of Ghana’s domestic debt exchange programme on Monday, December 5, 2022.

He said the aim of the domestic debt exchange is to help restore macroeconomic stability.

“We are confident that these measures will contribute to restoring macroeconomic stability,” Ofori-Atta said.



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.