Domestic Debt Exchange Archives - Page 2 of 2

19 Jan

Government May Grant Some Demands By Individual Bondholders – Finance Minister

wontumionlineBusinessDomestic Debt Exchange, Ken Ofori Atta

The Finance Minister, Ken Ofori-Atta, has indicated that government will grant some concessions to Individual Bond holders under the e Domestic Debt Exchange Programme. He, however, ruled out any move to abolish the programme or grant total exemption to individual bondholders. “We are looking at a situation where maybe the zero coupon for bondholders in 2023 should be changed going forward”, he said. Mr. Ofori-Atta noted that government is fully committed to taking measures that will lessen the burden on individual bondholders who have expressed worry about the current structure of the Domestic Debt Exchange Programme. Mr. Ofori-Atta spoke in…

Government Bagged ¢10.84bn From T-bills In December 2022

wontumionlineBusiness, Newsdemand, Domestic Debt Exchange, T-Bills

The government accrued ¢10.84 billion out of total bids worth ¢12.03 billion in the money market during the month of December. This was due to the improved demand and tight pricing competition at the auctions. Also, the exemption of Treasury bills from the Domestic Debt Exchange spurred investor demand. Due to the improved demand and tight pricing competition at the auctions, the yields on the 91-day and 182-day tenors fell marginally, a situation which reduced the government cost of borrowing slightly within that period. Analysts expect T-bills demand to continue to be high, while the secondary market remains quiet as…

Reject Domestic Debt Exchange Programme – Ghana Individual Bondholders Forum

wontumionlineBusinessDomestic Debt Exchange, Ghana Individual Bondholders Forum, Senyo Hosi

The Ghana Individual Bondholders Forum (IBF), a group of voluntary bondholders, has urged individual bondholders to reject and refrain from complying with the mandatory deadline imposed under the Domestic Debt Exchange (DDE) programme. It rather wants them to join the efforts of the IBF. In a statement signed by Senyo Hosi, the immediate past Chief Executive of the Chamber of Bulk Oil Distribution Companies , it also urged indirect bondholders (investors in mutual funds, cash trusts, balance funds) to inform their fund managers not to accept the DDE. It advised government to open a channel of communication for immediate frank,…