Ghana’s Domestic Debt Exchange: No haircut on treasury bills, principal bonds – Government.
According to government announcements, there will be no “haircut” on the bond principle, and holders of government bonds will get their entire investment at maturity.
Following the country’s debt restructuring agreement with the International Monetary Fund (IMF), Finance Minister Ken Ofori-Atta said the government will ensure that people’s assets are protected in a public speech on the current debate regarding potential haircuts on all bonds and Treasury bills.
“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 said in an address on Sunday evening.
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The government has completed the broad strokes of the debt sustainability review, the finance minister remarked, and information on Ghana’s domestic debt exchange would be made public on Monday, December 5, 2022.
However, he promised that the terms of the restructuring of the external debt will be announced soon.
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Ghana’s Domestic Debt Exchange: No haircut on treasury bills, principal bonds – Government.
Below is the complete announcement:
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