• 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 Business

DDEP for Dollar Bonds: Gov’t: invites holders to exchange $809m in dollar-denominated bonds

2 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
A photo illustration show the US Dollars in Buenos Aires, Argentina, on October 16, 2019. (Photo illustration by Carol Smiljan/NurPhoto)

A photo illustration show the US Dollars in Buenos Aires, Argentina, on October 16, 2019. (Photo illustration by Carol Smiljan/NurPhoto)

202
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

DDEP for Dollar Bonds: Gov’t: invites holders to exchange $809m in dollar-denominated bonds

The government has unveiled a new Domestic Debt Exchange Programme (DDEP) aimed at U.S. dollar denominated domestic notes and bonds, according to a statement released by the Ministry of Finance on July 14, 2023. The programme seeks to target approximately $809 million worth of U.S. dollar denominated bonds issued domestically by the government and governed by Ghanaian law.

In the statement, the government announced its invitation to Eligible Holders to exchange their holdings of U.S. dollar denominated domestic notes and bonds for a package of new bonds to be issued by the Republic. It emphasized that this invitation is distinct from the previous exchange launched in December 2022 and concluded in February 2023, and does not involve any cedi-denominated securities.

The government underscored the continued relevance of the previous exchange and its justifications, citing the need to restore sound public finance, achieve sustainable debt levels, and stimulate economic growth following the adverse impacts of the COVID-19 pandemic and the global economic shock arising from the war in Ukraine.

Eligible holders of the bonds, governed by Ghanaian law and denominated in U.S. dollars, will have the opportunity to submit their holdings for new benchmark Government of Ghana bonds denominated in U.S. dollars. The new bonds will carry the same aggregate principal amount as the Eligible Bonds, along with applicable capitalized accrued and unpaid interest. Additionally, the new bonds will have a lower average coupon and extended average maturity compared to the Eligible Bonds.

Highlighting the criticality of successfully completing the domestic debt exchange, the government emphasized its significance in both the debt reduction programme and the ongoing discussions with the International Monetary Fund (IMF). Successful participation in the exchange is expected to unlock international support and assist Ghana in achieving its debt targets. The government called for the full participation of all Eligible Bond holders in the programme.

The government in the statement expressed its anticipation of overwhelming support for the exchange, cautioning that failure to participate could lead to a more severe economic crisis, including prolonged closure from international markets, further domestic economic instability, and reduced fiscal resources to support vulnerable sectors.

RelatedPosts

Gold Price Surpasses $4,000 for First Time

“We Want to Win This Game”- Otto Addo’s Black Stars Aim for World Cup Qualification Against Central African Republic

President Kurt Edwin Simeon-Okraku appointed Chairperson of FIFA Anti-Racism and Anti-Discrimination Committee

Read details of the new DDEP for Dollar Bonds below: 

 

Tags: DDEPDDEP for Dollar Bonds: Gov't: invites holders to exchange $809m in dollar-denominated bondsDollar Bonds
No Result
View All Result

Highlights

England, Portugal, and Norway Poised for 2026 World Cup Qualification

Spending Smarter to Boost Growth

Asante Gold Reports Strong Exploration Results at Bibiani and Chirano Mines

Economic Uncertainty Can Test the Resilience of the Foreign Exchange Market

Inflation to Remain Within 8+/-2 Target Band by End-Q4, Says BoG Governor

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Trending

Business

Gold Price Surpasses $4,000 for First Time

October 8, 2025

Gold Price Surpasses $4,000 for First Time Gold advanced to a new record on Tuesday, with futures...

“We Want to Win This Game”- Otto Addo’s Black Stars Aim for World Cup Qualification Against Central African Republic

October 8, 2025

President Kurt Edwin Simeon-Okraku appointed Chairperson of FIFA Anti-Racism and Anti-Discrimination Committee

October 8, 2025

England, Portugal, and Norway Poised for 2026 World Cup Qualification

October 8, 2025

Spending Smarter to Boost Growth

October 8, 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.