ACCR

There were reports in the media space that the Ministry of Finance (MoF) is purported to have indicated that Pension Funds that are invested in Government Bonds may be affected by Ghana’s Debt Restructuring Programme. The Ministry in its response earlier refuted the possible use of pension funds in the debt restructuring process. However, on December 6, 2022, the Minister for Finance launched what it called ‘Ghana’s Domestic Debt Exchange Programme (DEP)’. The Ministry admitted that Ghana’s Domestic Debt is unsustainable and the government may not be able to fully service its debt based on the existing agreement with bondholders.…