28
Jan
The government and the Ghana Securities Industry Association (GSIA) have reached an understanding of the terms for participation in the Domestic Debt Exchange Programme (DDEP). A joint statement by the government and the GSIA indicated that the terms entail extending the improved terms of the Domestic Debt Exchange Programme agreed with the banks to all GSIA members. Also, collective Investment Schemes (CIS) and individuals who hold bonds in Trust Accounts with Securities and the Exchange Commission (SEC) approved firms, would be offered any enhanced commercial terms agreed with, or exemptions granted to, Individual Bondholders. According to the GSIA, this agreement…