Audio By Carbonatix
Finance Minister Ken Ofori-Atta has assured that treasury bills (T-bills) are exempted from government planned debt exchange programme.
He gave the assurance in a statement issued on Sunday, December 4, 2022.
According to Mr Ofori-Atta, small investors, individuals and other vulnerable groups who have invested in T-bills are exempted from the debt exchange exercise.
“Treasury bills are completely exempted and all holders will be paid the full value of their investments on maturity.”
“There will be no haircut on the principal of bonds. Individual holders of bonds will not be affected,” he added.
This comes on the back of government plans to announce the full details of Ghana’s domestic debt exchange programme on Monday, December 5, 2022.
He said the aim of the domestic debt exchange is to help restore macroeconomic stability.
“We are confident that these measures will contribute to restoring macroeconomic stability,” Ofori-Atta said.
Latest Stories
-
Inflation to remain within lower bound of medium-term target of 8 ± 2% – BoG
9 minutes -
Bright Simons: Ghana’s budget should follow gold, not oil
20 minutes -
Stress test on restructured government bonds: Banks appear resilient to shocks – BoG
23 minutes -
T-bills auction: Investor interest continued to surge, but interest rates soar
36 minutes -
2025/26 Ghana League: Holy Stars edge Bechem United to secure vital home victory
2 hours -
Gun amnesty programme extended by two weeks
2 hours -
Tano North farmers threaten demonstration against Newmont ‘unfair compensation’
2 hours -
GPL 2025/26: Richmond Opoku brace sees Young Apostles draw with Hohoe United
2 hours -
Over 75% of NPP Parliamentary candidates outpolled Bawumia in 2024 – Bryan Acheampong
3 hours -
Kyebi Zongo to become a model for excellence, environmental stewardship – Chief of Kyebi Zongo
3 hours -
Bridge for Billions open applications for Ghana Social Entrepreneurs in Healthcare Programme
3 hours -
53 arrested in major cybercrime ring bust in Accra
4 hours -
Prudential Bank shines again in Customer Experience Rankings
4 hours -
Photos: Vice President strengthens regional ties at Guinea Presidential inauguration
4 hours -
Driver injured in accident on Ejisu Manhyia-Adadientem road
5 hours