• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

CSOs to proffer alternative solutions to Gov’t’s Debt Exchange Programme in major forum

3 years ago
in Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
88
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

CSOs to proffer alternative solutions to Gov’t’s Debt Exchange Programme in major forum 

Some Civil Society Organisations (CSOs) in the country have revealed plans to hold a major forum come Thursday, December 15, to discuss government’s Domestic Debt Exchange Programme (DDEP).

The Forum, announced by conveners of the CSO Budget Forum, will focus on proffering alternative solutions to the DDEP.

“Come next week, CSOs will collectively make a statement on government’s debt restructuring programme in the form of the Domestic Debt Exchange Programme. At the Forum, will share our opinions on the DDEP and what we think government could have done to avoid it,” said Fiscal Policy Analyst, Dr Alex Ampaabeng.

“The Forum will also look at providing solutions to Government on what to do to fix the current economic mess,” added Abdulkarim Mohammed of ACT Ghana.

The Domestic Debt Exchange Programme (DDEP) as announced by government, is a necessary requirement for a deal with the IMF.

According to the country’s Finance Chief, Ken Ofori-Atta, the government has no choice but to undertake the debt restructuring programme to put the country’s debt level on a sustainable path.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

In a press briefing on Monday, December 5, Finance Chief Ofori-Atta noted that no individual bondholder will lose their funds in the proposed programme, further assuring financial sector players of government’s support to minimise the impact of the programme on their activities.

A total amount of GHS 137bn in invested funds by local investors is to be affected by the announced Domestic Debt Exchange Programme (DDEP) by government.

GHS denominated Notes and Bonds issued by the Republic of Ghana accounts for the largest portion of the domestic debt being GHS 126bn in total value.

GHS denominated bonds issued by E.S.L.A. Plc and Daakye Trust Plc account for GHS 8.3bn and GHS 2.7bn respectively of the total domestic bond value.

The DDEP the country’s Finance Chief Ken Ofori-Atta noted, will require domestic bondholders to exchange their existing debt instruments for new ones.

According to the Finance Minister, existing bonds as of December 1, 2022 will be exchanged for a set of four (4) new bonds maturing 2027, 2029, 2032 and 2037.

The annual coupon on the new bonds will be set at 0% in 2023, 5% in 2024 and 10% from 2025 until maturity.

 

Source: norvanreports
Tags: CSO Budget ForumCSOs to proffer alternative solutions to Gov’t’s Debt Exchange Programme in major forumDebt Exchange Programme
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.