• 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

Investors remain jittery, await ‘delayed’ revised memorandum of debt exchange programme

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
272
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Investors remain jittery, await ‘delayed’ revised memorandum of debt exchange programme

Institutional investors along with individual investors await the revised and final memorandum of the domestic debt exchange programme as announced by the Finance Minister, Ken Ofori-Atta last Thursday.

Announcing the exclusion of individual bondholders from the debt exchange programme, as well as agreements reached with the Ghana Association of Banks, Ghana Insurers Association (GIA) and Ghana Securities Industry Association (GSIA), the Finance Minister averred the  revised memorandum was to be published on Friday, February 2, 2023.

Despite the assertion by the Finance Minister, the much awaited revised memorandum detailing the final agreements, terms, arrangements, among others is yet to be published by the Finance Ministry.

The delay by the Finance Ministry in putting out the revised memorandum of the debt exchange programme has put investors on edge with questions swirling among market watchers, analysts and investors alike.

Resistance mounted by the Ghana Individual Bondholders Forum (IBF) paid off as government finally excluded individual bondholders from its debt exchange programme.

In a statement issued by the Finance Ministry on Tuesday, January 31, 2023 – the extended deadline for participation of individual bondholders and financial institutions in the debt programme – the Finance Ministry noted that, the decision to exclude individual bondholders was premised on engagements with the leadership of the IBF.

RelatedPosts

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

Silver Price Falls More Than 6% as Precious Metals Retreat

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

Its decision was also in view of the acceptance of the debt programme by the Ghana Association of Banks (GAB), Ghana Insurers Association (GIA) and the Ghana Securities Industry Association (GSIA).

The Ministry, was on Thursday February 2, 2023, meant to publish a revised and final memorandum on the debt exchange programme to reflect the new agreements made with the GAB, GIA and GSIA as well as the exclusion of individual bondholders from the debt programme.

Despite completely excluding individual bondholders from the debt programme, the Ministry however, offered individual bondholders the opportunity to maintain hold of “existing or old bonds” after the successful rollout of the debt exchange programme.

Per the Ministry, “upon a successful DDEP there will be very few of the ‘old bonds’ in circulation, and likely limit its tradability. In this regard, the Government is pleased to make available the following alternative offer to encourage all individual bondholders to participate in the Exchange”

 

Source: norvanreports
Tags: await ‘delayed’ revised memorandum of debt exchange programmeDebt Exchange ProgrammeinvestorsInvestors remain jittery
No Result
View All Result

Highlights

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

Ghana Unveils 500,000-Job Plan Through Expansion of Economic Crops

GPL: Medeama and Samartex share spoils in Tarkwa thriller as Dreams FC secure first win of the season

Premier League: Postecoglou Sacked After Forest Defeat; Arsenal Stays Top with Win at Fulham

Verstappen Clinches Pole Position for US Grand Prix in Austin

Let’s Collaborate to Exploit Full Potential of AfCFTA – Mahama to Grenada PM

Trending

Business

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

October 19, 2025

Global Shipping Emissions Deal Sinks After Last-Minute Collapse A decade-long effort to make the shipping industry the...

Silver Price Falls More Than 6% as Precious Metals Retreat

October 19, 2025

President Mahama to Launch $1.5bn Special Economic Zone, Expected to Create 60,000 Jobs

October 19, 2025

Ghana’s Oil Revenues Under Pressure: NorvanReports Xspace to Probe Whether Petroleum Can Still Power Development

October 19, 2025

Ghana Unveils 500,000-Job Plan Through Expansion of Economic Crops

October 19, 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.