Deadline for signing up to debt exchange programme expires today
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Government’s deadline for bondholders to sign onto the domestic debt exchange programme expires today, Monday, January 16, 2023.
In its quest to address the country’s ongoing economic challenges, the government launched the programme to invite holders of bonds to voluntarily exchange approximately GH¢137 billion domestic notes and bonds of the Republic including ESLA and Daakye for a package of new bonds.
It is currently unclear how many institutions and individuals have signed onto the programme.
The domestic debt exchange program since its announcement has faced huge opposition from labour groups which managed to get pension funds exempted.
Also, individual bondholders who were included following the exemption of pension funds have taken a strong stance against their inclusion.
The situation has put government in a tight corner as it races against time to secure an IMF Board approval for a three billion dollar bailout.
-Citi
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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