In connection with the ongoing Domestic Debt Exchange Programme (DDEP), the Government of Ghana thanks all bondholders who have so far tendered their bonds.
Update on Ghana’s Domestic Debt Exchange Programme
The Government of Ghana has made significant progress with all stakeholders, including financial sector industry associations and representative groups of individual bondholders, with respect to their participation in the Domestic Debt Exchange Programme (DDEP). The Government hereby announces the following updates
Government Reaches Agreement with the Ghana Insurers Association on the Domestic Debt Exchange Programme
The Government of Ghana and the Ghana Insurers Association (GIA) have reached an agreement on the participation of insurance companies in the Domestic Debt Exchange Programme (DDEP).
Audit of the Government Of Ghana Covid-19 Expenditure for the Period March 2020 to June 2022.
The Ministry of Finance takes note of the Auditor General’s report on the government of Ghana Covid-19 expenditure for the period March 2020 to June 2022, issued on 30th December 2022.
Commencement of Domestic Debt Exchange
The Government of Ghana and the Ghana Association of Banks (GAB) have made significant progress on the terms for the participation of Banks in the Domestic Debt Exchange Programme (DDEP).
Domestic Debt Exchange Programme (“DDEP”) Extension
The Government has taken the decision to extend the Expiration Date of the Domestic Debt Exchange Programme from Monday, 16th January 2023 at 4:00 p.m. (GMT) to Tuesday, 31st January 2023 at 4:00 p.m. (GMT) (the “New Expiration Date”).
Ghana Euro Bondholders Form Representative Committee
Following the public statements by the Government of Ghana of its intention to seek a restructuring of its external debt, international holders of Ghana’s Eurobonds have organized to form a bondholder creditor committee (the “Committee”). The Committee is representative of a diverse group of institutional investors including mutual funds, asset managers, insurance firms, hedge funds, and family offices.
IMF on Staff Level Agreement (SLA) for an IMF-Supported Programme
I will like to first of all thank the almighty God for providing the needed guidance to the GoG and the Fund to get us where we are today.
Government of Ghana Domestic Debt Exchange: Potential Financial Sector Impacts and Mitigating Safeguards
On 5th December 2022, the Government of Ghana launched Ghana’s Domestic Debt Exchange programme, an invitation for the voluntary exchange of approximately GHS137 billion of the domestic notes and bonds of the Republic, including E.S.L.A. and Daakye bonds, for a package of New Bonds to be issued by the Republic.
The Government of Ghana Announces the Further Extension of the Expiration Date of its Domestic Debt Exchange to 16th January 2023
As part of the Government’s efforts to address the country’s ongoing economic crisis, on 5th December 2022, we launched a domestic debt exchange pursuant to which we invited (the “Invitation”) certain holders of approximately GHS137.3 billion of principal amount outstanding of certain of our domestic notes and bonds issued by the Government, E.S.L.A. Plc or Daakye Trust Plc (the “Eligible Bonds”) to exchange their Eligible Bonds for a package of new bonds to be issued by the Government (the “New Bonds”).