Tag: DEBT EXCHANGE
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COCOBOD revises deadline for debt exchange programme to August 3
The Ghana Cocoa Board (COCOBOD) has revised the deadline for its debt exchange programme to Thursday August 3 from the initial announcement of August 4, 2023. This, the Board explains is in compliance with the directive regarding the observation of August 4 as a statutory public holiday. On July 14, the Ghana Cocoa Board (COCOBOD)…
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Govt launches GHS 31 billion pension funds domestic exchange
Government has commenced an alternative offer for pension funds exchange inviting holders of domestic notes and bonds of the central government, E.S.L.A Plc and Daakye Trust Plc. The government is seeking to exchange approximately, GHS 31 billion in principal amount of the eligible bonds for a package of new bonds. “This invitation is intended to…
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Re-engage IMF; renegotiate terms – Theo Acheampong to gov’t
Economist and Political Risk Analyst, Dr. Theo Acheampong is urging government to review its target of reaching a 55% Debt-to-GDP ratio by 2028. He views the target as too ambitious adding that it imposes undue pressure on government, forcing it to further burden some categories of bondholders. Dr. Acheampong believes that if the 55% Debt-to-GDP…