• 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

Debt Exchange Programme: Market reacting positively – Analyst says

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
75
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Debt Exchange Programme: Market reacting positively – Analyst says

The market reacted positively to Ghana’s debt exchange programme announced on Monday by the Finance Minister, according to financial system analyst Kojo Letsa.

Finance Minister Ken Ofori-Atta launched the debt exchange programme in line with the government’s quest to restructure debt and put the economy back on track.

Appearing on The Asaase Breakfast Show on Thursday, December 8, Letsa said the announcement has given a major boost to investor confidence in Ghana’s economy.

“So, the truth of the matter is that offshore investors knew this was coming,” Letsa said.

“They all knew with our debt stock, the only feasible thing is to approach the International Monetary Fund (IMF) and get some deal on the table.”

“We noticed that the Eurobond, the one that was guaranteed by the World Bank gained some points…, so it is something that investors were expecting.

RelatedPosts

Non-Interest Banking & Finance: A Profitable Path by Bank of Ghana

CHAN2024: Algeria Dominates Uganda, While Guinea Edges Past Niger Group Openers

Ferrari Boss Defends Hamilton Amidst Frustration After Hungarian Grand Prix

“Now that it is out there, it sort of gives them some confidence that the government is doing something to prove to the IMF that we are doing something to secure our macros,” Letsa added.

Some details

Ofori-Atta has announced that the government is working hard to “minimise the impact of domestic debt exchange on investors holding government bonds.”

In a statement issued ahead of the launch of the programme, Ofori-Atta gave assurance to “small investors, individuals and other vulnerable groups” that their investments are safe as the government plans to announce full details about Ghana’s domestic debt exchange on Monday (5 December).

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.

“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.

Source: asaaseradio
Tags: Debt Exchange ProgrammeDebt Exchange Programme: Market reacting positively - Analyst says
No Result
View All Result

Highlights

CID Establishes Task Force to Combat Influx of Stolen Vehicles into Ghana

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector Growth

President Mahama Directs Ministers to Fast-Track Rollout of Ghana’s E-Visa System

AngloGold Ashanti Doubles Earnings and Free Cash Flow on Higher Gold Prices, Production Surge in Q2 2025

Africa’s Richest Country to Boost Continental Trade Ties After U.S. 30% Tariff Hit

Nigeria Hits Panic Button as West Africa Logs $2.1bn in Suspicious Crypto Transactions

Trending

Features

Non-Interest Banking & Finance: A Profitable Path by Bank of Ghana

August 5, 2025

Non-Interest Banking & Finance: A Profitable Path by Bank of Ghana Non interest banking and finance is...

CHAN2024: Algeria Dominates Uganda, While Guinea Edges Past Niger Group Openers

August 5, 2025

Ferrari Boss Defends Hamilton Amidst Frustration After Hungarian Grand Prix

August 5, 2025

CID Establishes Task Force to Combat Influx of Stolen Vehicles into Ghana

August 4, 2025

Government Reintroduces Free Cocoa Fertiliser Programme to Boost Sector Growth

August 4, 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.