Debt Exchange Programme: Ghana Insurers Association agree on terms
SOURCE: GNA The Ghana Insurers Association has agreed to participate in the government’s Domestic Debt Exchange programme, following the government’s guarantees of cushioning affected insurance companies. This is to be done through the solvency window of the Ghana Financial Stability Fund (GFSF). The Ministry of Finance and the Ghana Insurers Association announced the agreement at […]
Debt Exchange Programme: Government reaches new agreement with banks
The Government and the Ghana Association of Banks, GAB, have made significant progress on the terms of participation of Banks in the Domestic Debt Exchange Programme. A joint statement issued by the Finance Ministry and GAB, said there has been an agreement to pay five percent coupon for 2023 and a single coupon rate for […]
CLOSAG threatens to strike over government’s Debt Exchange Programme
By: Roselyn Ganyaglo The Civil and Local Government Staff Association of Ghana, (CLOSAG) has threatened an indefinite nationwide strike if the government does not back down on using pension funds in the Debt Exchange Programme. It says per the Pensions Act, 2008 (Act 766), Pension funds cannot be used for the Debt Exchange Programme because […]
UG-UTAG Secretary hints at labour shutdown over Debt Exchange Programme
By: Franklin ASARE-DONKOH The Secretary of the University of Ghana (UG) Branch of the University Teachers Association of Ghana (UTAG), Professor Ransford Yaw Gyampo, has hinted at a massive strike by Organised Labour over the recently announced Domestic Debt Exchange Programme. According to him since the government has gone out of its way to announce […]
Nurses and Midwives Association rejects government’s Debt Exchange programme
By: Franklin ASARE-DONKOH The leadership of the Ghana Registered Nurses and Midwives Association (GRNMA) has rejected outright the government’s proposed Debt Exchange programme announced by the Minister of Finance Mr. Ken Ofori-Atta. The Finance Minister during the launch of the programme in Accra on Monday, December 5, 2022 said the Government of Ghana expects overwhelming […]
