A finance expert and an associate professor with Andrews University in Michigan, USA, Prof Williams Kwasi Peprah has said the ongoing debt exchange programme will not suffer a setback if the government excludes individual bondholders.
Peprah argues that individual bondholders constitute less than 20% of domestic bond portfolio in Ghana.
“If you look at the entire domestic bond portfolio in Ghana, individual bondholders are less than 20%,” he told Asaase Radio on Friday (10 February).
“So, if all individual investors decide not to buy into government programme, the government will still achieve a significant 78-80% of the said target which is in the hands of institutional investors excluding pension funds which is 1%,” Peprah told sit-in host of the Asaase Breakfast Show Benjamin Offei-Addo.
“So, it feels good for the government. Government may come out of this and we hope that getting through the local one, the next hurdle will be the external one which we’ll see how government comes out of it,” he added.
Listen to the full interview in the attached audio below:
Reporting by Fred Dzakpata in Accra
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