Tag: Cocoa bills
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Cocoa bills debt exchange an indication govt can’t pay its debts – Joe Jackson
The Director of Business Operations at Dalex Finance, Joe Jackson, says COCOBOD’s invitation to holders of its short-term debt securities (cocoa bills) to exchange that for longer-term debt securities is simply an indication of the government’s inability to pay its debt. The financial analyst says the invitation is simply an extension of the recent domestic debt…
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Debt exchange on cocoa bills, dollar denominated bonds necessary for debt sustainability – Bokpin
Economist, Professor Godfred Bokpin says the initial Domestic Debt Exchange Programme (DDEP) fell short of expectations, prompting the government to revisit the restructuring of various components of the domestic debt. As part of the second round of the DDEP, the Ghana Cocoa Board (COCOBOD) is extending an invitation to investors who hold cocoa bills, the…
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Holders of COCOBOD cocoa bills invited for voluntary debt exchange
The Ghana Cocoa Board (COCOBOD) has extended an invitation to holders of its short-term debt securities (cocoa bills) to exchange that for longer-term debt securities. The exchange program being undertaken by COCOBOD is also with a longer-term principal maturity date. Participation in this invitation to exchange is however voluntary. Notwithstanding the invitation to exchange eligible…
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Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments
Retail customers not interested in a rollover of their cocoa bills would now be paid using COCOBOD’s deposits at the banks. That’s the agreement reached among the Bank of Ghana, Ghana Cocoa Board (COCOBOD) and the commercial banks following the COCOBOD’s bills default. This comes after Government last week, defaulted in the payment of matured…