Gov’t extends domestic debt programme deadline to January 31

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The Government of Ghana has extended the deadline for the registration of the ‘controversial’ domestic debt exchange programme to January 31, 2023.

The extension takes effective Monday, January 16, and is expected to end on Tuesday, January 31, 2023.

This becomes the third time the government has extended the deadline for individual bondholders to voluntarily exchange their bonds for new ones.

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They previously extended the deadline for the Domestic Debt Exchange Programme to 30th December 2022 from the initial 19th December, 2022 and extended it further to 16th January, 2023.

Announcing the move through the office of the Finance Ministry, it said the extension is necessary in order to build consensus on the debt exchange programme.

“Building consensus is key to a successful economic recovery for Ghana. Pending further stakeholder engagement with institutional and individual investors, recently invited to join the debt exchange programme, government is extending the expiration of the DDE to 31 January 2023,” a tweet from the Office of the Finance Minister reads.

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