Finance Minister Ken Ofori-Atta has allayed fears that treasury bills will be affected by the government’s debt exchange programme.
He said treasury bills will forever remain untouchable as far as the debt exchange programme is concerned.
Ofori-Atta said the government has conducted a Debt Sustainability Analysis which does not include T-bills.
“We can’t afford to touch it. Let me assure you, treasury bills will forever remain sacrosanct. Treasury bills are exempted completely.”
“We have done the sustainability analysis. We are not including treasury bills. That is how government funds its operations,” he told George Wiafe on PM Express Business Edition on Joy News.
So far, the government has been meeting with various stakeholders to build consensus on the debt exchange programme
“Building consensus is key to a successful economic recovery for Ghana. Pending further stakeholder engagement with institutional and individual investors, recently invited to join the debt exchange programme, the government is extending the expiration of the DDE to 31 January 2023,” a tweet from the Office of the Finance Minister said.
Individual Bondholders
This week, Ofori-Atta met with the Individual Bondholders Forum to address their concerns about the programme.
The government through the Finance Ministry has set up a technical committee to address concerns raised by the Individual Bondholders Forum on the Domestic Debt Exchange Programme.
The Individual Bondholders Forum (IBF) has been intensifying calls for the government to exclude individual bondholders who have collective investment schemes from the entire debt restructuring exercise.
Ghana announced a domestic debt exchange programme in December 2022 and said that external restructuring was being negotiated with creditors.
The programme has been extended three times.already.
The Finance Ministry had previously extended the registration deadline for the Domestic Debt Exchange Programme to 30 December 2022 from the original 19 December 2022 and extended it further to 16 January 2023.
The new deadline is 31 January 2023.
Asaase Radio 99.5 broadcasts on radio via 99.5 in Accra, 98.5 in Kumasi, 99.7 in Tamale, 100.3 in Cape Coast and on our affiliates Bawku FM 101.5 in Bawku, Beats FM 99.9 in Bimbilla, Somua FM 89.9 in Gushegu, Stone City 90.7 in Ho, Mining City 89.5 in Tarkwa and Wale FM 106.9 in Walewale
Tune in or log on to broadcasts online: www.asaaseradio.com, Sound Garden and TuneIn
Follow us on Twitter: @asaaseradio995
Live streaming: facebook.com/asaaseradio99.5. Also on YouTube: Asaase Radio Official.
Join the conversation. Call: 020 000 9951 or 059 415 7777. Or WhatsApp: 020 000 0995.
#AsaaseRadio
#TheVoiceofOurLand
