ARB APEX Bank holds 21st Annual General Meeting at Kwahu Nkwatia
By: Ewurabena Paha Rural banks across the country have not been spared from the devastating effect of governments domestic debt exchange program. Though the banks recorded an unprecedented growth of 10.3 million cedis in 2022, the DDEP wiped everything off. This resulted in significant impairment losses of 113.6 million cedis leading to a loss before […]
New DDEP open for ESLA, Daakye bondholders -Finance Ministry
By: Franklin ASARE-DONKOH The government has opened fresh invitations to E.S.L.A. Plc and Daakye Trust Plc bondholders to trade their holdings for a new package under the Domestic Debt Exchange Programme (DDEP). The announcement, which was contained in a press release from the Ministry of Finance, also urged holders of domestic notes and bonds to […]
Government begins settlements of bonds affected by Domestic Debt Exchange Program (DDEP)
The Government of Ghana, through the Ministry of Finance, has begun the process of settling the first coupon payment of bonds affected by the Domestic Debt Exchange Program (DDEP). According to the Ministry, the mature coupons amount to 2.4 billion dollars and instructions have already been sent for settlement. The DDEP was launched in 2022 […]
Gov’t mindful of ramification of debt programme – Ken Ofori-Atta says as he faces Parliament on DDEP
Upon request by the Speaker of Parliament, Alban Bagbin, Finance Minister, Ken Ofori-Atta, has appeared before the House, to answer questions on the economy, particularly, the Domestic Debt Exchange Programme. Mr. Ofori Atta’s appearance follows days of picketing the Ministry of Finance by pensioners bondholders and others who are dissatisfied with government’s decision to include […]
MPs urged to support government in securing IMF approval
The Finance Minister, Mr Ken Ofori-Atta, has appealed to Members of Parliament (MPs) to support the Government in efforts to secure the International Monetary Fund (IMF) Board approval to restore macro-economic stability in the country. That would ensure debt sustainability and provide critical social protection for the benefit of Ghanaians. Mr Ofori-Atta made the appeal […]
Pensioner bondholders express optimism of being exempted in DDEP
Members of the Pensioner Bondholders Forum are optimistic that the Minister of Finance, Ken Ofori-Atta, will exempt them from the Domestic Debt Exchange Programme, DDEP, which closed last Friday. Speaking to GBC News, the Convener, Dr. Adu Antwi said the Minister of Finance, Ken Ofori-Atta met them at the Ministry and assured them that he […]
