Tag: Debt Exchange Programme
-
Banks will lose 60% revenue under Debt Exchange programme – Alex Mould
A former Executive Director of Standard Chartered Bank, Mr. Alexander Kofi-Mensah Mould, popularly called Alex Mould, has warned that the Akufo-Addo government’s debt exchange programme will have dire implications on the Ghanaian economy. According to him, if the debt exchange programme is carried out in its current form, it would result in many banks losing…
-
We can’t accept debt exchange programme – Securities Industry Association
The Ghana Securities Industry Association (GSIA) is the latest group to kick against government’s newly announced debt exchange programme. GSIA in a statement said, although it understands the difficulties the country is facing, it cannot accept the programme in its current form because it believes a bond is a contractual agreement between a borrower and…
-
Government confident of reaching Staff-Level Agreement with IMF soon
Government is optimistic that it will reach a Staff-Level Agreement soon with the International Monetary Fund, IMF, for a programme aimed at restoring macroeconomic stability and protecting the most vulnerable. To this end, it is determined to implement wide-ranging structural and fiscal reforms to restore fiscal and debt sustainability and support growth. Addressing the media…