06
Feb
The Government of Ghana is not likely to pay a ¢4.185 billion 5-year bond maturing today, February 6, 2023. This is because it has already been included in the 2nd Amended and Restated Exchange Memorandum of the Domestic Debt Exchange Programme (DDEP). However, it is unclear whether the government will honour the interest payment of the debt instrument. Ideally, the government would have roll-over the instrument, but market conditions make it unlikely to do so. Some market analysts and traders have told Joy Business on condition of anonymity that the government will not honour its obligation as stated in the…