Audio By Carbonatix
Government says it has achieved more than 50 percent participation of its target for the controversial Domestic Debt Exchange Programme (DDEP).
The government had 80 percent target for the exercise and it has now had more than 50% bondholders signing up for it.
A Deputy Finance Minister, Madam Abena Osei Asare has disclosed.
According to her, the 3-day extension is to make room for more bondholders who could not sign up due to pressure on the systems to do so.
“As of yesterday, when we decided to extend and grant that administrative window, we had done above 50 percent,” Madam Abena Osei Asare said in an interview with Citi FM on Wednesday, February 8.
The Finance Ministry has granted a three-day Administrative Window for Bondholders under the Programme to complete the process.
Based on this development, the Domestic Debt Exchange Programme will now end on Friday, February 10.
According to sources, the sudden rush by bondholders to sign up close to the deadline placed “some strain” on the IT infrastructure.
Latest Stories
-
Zelensky signals progress in talks with US on peace plan
29 minutes -
Don’t scrap OSP – Anti-corruption CSO demands review
4 hours -
GIS, EU vow closer security cooperation to boost northern border control
4 hours -
IGP leads major show of force with new armoured fleet
6 hours -
Two female prison officers killed in ghastly crash
6 hours -
Abolish or Reform? Abu Jinapor counsels sober reflection on debate over future of Special Prosecutor’s Office
8 hours -
2026 World Cup: Can Ghana navigate England, Croatia, and Panama in Group L?
8 hours -
NAIMOS task force arrests 9 Chinese illegal miners, destroys equipment at Dadieso
8 hours -
NAIMOS advances into Atiwa Forest, uncovers child labour, river diversion and heavy machinery
9 hours -
NAIMOS Task Force storms Fanteakwa South, dismantles galamsey operations
9 hours -
The Kissi Agyebeng Removal Bid: A Look at the Numbers
10 hours -
DVLA to roll out digitised accident reports, new number plates and 24-hour services
10 hours -
DVLA Workers’ Union opens 2025 Annual Residential Delegates Congress with call for excellence, equity and solidarity
11 hours -
Scholarships Secretariat sets December 8–9 interviews for Commonwealth Scholarship applicants
11 hours -
WASSCE decline reveals deep gaps, there’s need to overhaul education system – Franklin Cudjoe
11 hours