Tag: DDEP
-
Finance Minister pledges efficient resource deployment for future growth and stability
Finance Minister, Ken Ofori-Atta has highlighted the importance of the Debt and Debt Exchange Programme (DDEP) in minimizing interest payments and supporting Ghana’s debt management efforts. He further outlined strategies to enhance economic resilience, including reducing import dependency and improving operational efficiency. Addressing a joint press conference between the Government of Ghana and the International…
-
Banks to experience GH¢6.1bn in losses over DDEP – Banking specialists
Further examination of the Domestic Debt Restructuring reveals that 23 banks operating in the country are projected to suffer an additional loss of GH¢6.1 billion. This loss is due to the reduction in coupon rate and an extension of the maturity period from five to 15 years, a report by Banking Consultant, Dr. Richmond Atuahene…
-
Govt must be open with stakeholders on DDEP – Joe Jackson
The Director of Business Operations at Dalex Finance, Joe Jackson has advised the government to be open and truthful with stakeholders on how it implements the domestic debt exchange programme in order to gain the support of stakeholders for a successful implementation. The financial analyst indicated that the opposition the government has faced with the…
-
DDEP: Govt extends window for bondholders to complete tendering process
Government has granted bondholders a 3-day administrative window to complete processes for tendering their bonds. The move comes after government learned of technical challenges faced by some bondholders who tried to complete the online tender process. A statement issued by the Ministry of Finance said the window ends at 4pm on Friday February 10, 2023.…
-
Technical committee formed to ensure continuous engagement on debt programme
The Minister of Finance, Ken Ofori-Atta says a technical committee will be formed to ensure continuous engagement with all stakeholders involved in the domestic debt exchange programme. He made the announcement after meeting leaders of individual bondholder groups and other stakeholders at the Finance Ministry on Wednesday, January 18, 2023. The meeting between the Minister…