Tag: Domestic Debt Exchange Program
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BoG’s viability analysis framework to safeguard financial institutions – Governor
The Bank of Ghana (BOG) is developing a Business Model and Viability Analysis Framework to protect financial institutions from potential shocks resulting from the Domestic Debt Exchange Program according to the governor. BOG Governor, Dr. Ernest Addison, has reaffirmed the Central Bank’s commitment to ensuring the financial stability of banks across the country. Speaking at…
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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.…
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DDEP: Non-participation will prolong efforts to revive economy – Ofori-Atta
The Finance Minister, Ken Ofori Atta, has warned that non-participation in the Domestic Debt Exchange Programme by individual bondholders will prolong the efforts by the government to revive the economy. Addressing the nation on Monday, February 6, Mr Ofori-Atta said “frankly, non-participation or a lower-than-expected turnout for the DDEP will prolong efforts to resolve the…
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Pensioners to picket at Finance Ministry over DDE
Pensioner Bondholders Forum, a group fighting for the protection of the pensioners who have invested in government bonds has vowed to picket at the premises of the Finance Ministry until its members are exempted from the Domestic Debt Exchange Programme (DDEP). The group in a statement explained that attempts to have their investment exempted from…
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Government finally makes progress on Debt Exchange Program
With barely 24 hours to the end of the deadline for the Domestic Debt Exchange Program, the government seems to have made significant progress in building consensus for the policy. The DDEP was initially met with stiff opposition when it was first introduced but it appears the dust is gradually settling on the issues. The…