Ghana’s 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 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.
Source: Myjoyonline
