• 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

Government settles GHS 87bn worth of bonds

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
59
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Government settles GHS 87bn worth of bonds

Ghana’s successful conclusion of the Domestic Debt Exchange Programme (DDEP) for GH-denominated notes and bonds issued by the state, the Energy Sector Levy Act (E.S.L.A. Plc.) and Daakye Trust Plc. is a significant development for the country’s economy. The DDEP will reduce the government’s borrowing costs and improve its fiscal position, which is a critical aspect of the Post-COVID-19 Programme for Economic Growth (PC-PEG) during the current economic crisis.

The DDEP’s successful completion is a testament to Ghana’s commitment to implementing sound economic policies and strategies that will stimulate economic growth and create jobs. The restructuring of bonds to the tune of GH¢87.76 billion is a positive step towards achieving the government’s development goals.

On the settlement date of 21st February 2023, the government issued 16 series of new bonds to eligible holders whose tenders were accepted by the government. The new bonds’ principal amount per holder consists of the outstanding principal amount of eligible bonds tendered by a holder, plus any amount of accrued interest payable in respect thereof. The principal amount was allocated among holders based on each holder’s category as per the exchange memorandum.

The successful completion of the DDEP will help the government reduce its borrowing costs and improve its fiscal position, which will have a positive impact on Ghana’s economy. The Ministry of Finance expressed gratitude to all stakeholders who participated in the DDEP, including holders of eligible bonds, financial advisors, legal advisors, and the Central Securities Depository.

The ministry’s reassurance of its commitment to implementing sound economic policies and strategies that will stimulate economic growth and create jobs is a welcome development. Ghana has been one of the fastest-growing economies in Africa, but the COVID-19 pandemic has affected its economic growth. The successful completion of the DDEP is a positive step towards restoring the country’s economic growth.

The successful completion of Ghana’s Domestic Debt Exchange Programme is a positive development for the country’s economy. The restructuring of bonds to the tune of GH¢87.76 billion will help the government reduce its borrowing costs and improve its fiscal position. Ghana’s commitment to implementing sound economic policies and strategies that will stimulate economic growth and create jobs is a welcome development, and stakeholders are urged to continue supporting the government’s efforts towards achieving its development goals.

RelatedPosts

GRA Says Cedi Rebound Cuts Government Revenues by 30%

Here’s Why Uber’s CEO Believes China is Winning the EV Race

Appiah Adomako Writes: Ghana Needs a Surgical Approach to Minimum Investment Capital Requirement

Tags: Government settles GHS 87bn worth of bonds
No Result
View All Result

Highlights

Serie A: Jonathan David Shines on Serie A Debut as Juventus Overcomes Parma

La Liga: Mbappe, Vini Jnr on Target as Real Madrid Beat Real Oviedo

Gold Fields CEO Flags Illegal Mining; Backs Ghana’s Push for Fairer Mining Returns but Stresses Investor Appeal

MTN Ghana to Offload GHS 2.83 Million Worth of Shares on the Open Market

CSO Budget Forum Calls for Urgent Reforms in Tax Compliance in Ghana

Government Misses T-Bill Target, Raises GHS 5.75bn at Higher Yields

Trending

A customer counts Ghana cedi banknotes at the Nima market in Accra, Ghana on Monday, March 11, 2024
Business

GRA Says Cedi Rebound Cuts Government Revenues by 30%

August 25, 2025

GRA Says Cedi Rebound Cuts Government Revenues by 30% The sharp recovery of the cedi has dealt...

Here’s Why Uber’s CEO Believes China is Winning the EV Race

August 25, 2025

Appiah Adomako Writes: Ghana Needs a Surgical Approach to Minimum Investment Capital Requirement

August 25, 2025

Serie A: Jonathan David Shines on Serie A Debut as Juventus Overcomes Parma

August 25, 2025

La Liga: Mbappe, Vini Jnr on Target as Real Madrid Beat Real Oviedo

August 25, 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.