Political matters

Gov’t extends Debt Exchange Programme yet again; to Jan. 31

Finance Minister Ken Ofori-Atta

The government has yet again extended the Domestic Debt Exchange (DDE) Programme.

This will be the second extension given after agitations among individual bondholders to sign on to the Programme.

The decision is to allow the government to further engage with these bondholders.

The government had initially extended subscription to the Programme from Friday, December 30, 2022 to Monday, January 16, picking the following day as Announcement Date.

Per that schedule, Tuesday, January 24 was slated for settlement of invitations.

However, on Monday, January 16, government announced yet again that the new deadline will be Tuesday, January 31.

Individual bondholders had expressed dissatisfaction with the Programme, accusing government of failure to engage them.

They had petitioned the Finance Minister, Ken Ofori-Atta, to exclude them from the Programme.

More to follow. . .


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