The first Deputy Governor of the Bank of Ghana (BoG), Dr. Maxwell Opoku Afari has announced that government has paid all individuals who opted out of the domestic debt exchange programme (DDEP) last year. 

He added that all institutions which participated have started receiving their payments both in cash and kind. 

He made the statement on behalf of the Governor of the BoG at the launch of the Commercial Paper Market by the Ghana Stock Exchange. 

He assured that the central bank is committed to ensuring that all payments are done timely to attract more investors.

“So far the market has been calm, backed by some recent debt servicing by the government. On various due dates, the government has paid all cash coupons and payments in kind coupons on the domestic debt exchange bonds. The government has also paid all individuals who opted out of the domestic debt exchange exercise”, he said.

He added that the government has started paying institutional holders that did not participate in the domestic debt exchange programme.

“In the last two weeks, about ₵200 million was paid to institutional investors. Economic activities are picking up” he disclosed.

The Launch of the Commercial Paper Market is an indication of the Exchange’s quest to introduce new products for both short term and long investors on the Ghana Stock Exchange.

Dr. Afari, who also doubles as the Chairman of the Fixed Income Market Council urged investors to take advantage of the ongoing economic activities to invest more in the private sector.

He also called on managers of the Ghana Stock Exchange to come up with innovative products for the market.