• 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

Rejecting DDE: IBF Conveners draft for members response to invitation to debt programme by banks, others

3 years ago
in Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
116
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Rejecting DDE: IBF Conveners draft for members response to invitation to debt programme by banks, others

Conveners of the Ghana Individual Bondholders Forum, have drafted for its members, a response declining invitation to government’s domestic debt exchange programme.

The draft response sighted by norvanreports reads as follows:

*DRAFT RESPONSE TO YOUR BANK WHEN THEY SEND YOU, THE DOMESTIC DEBT EXCHANGE FOR YOUR CONSIDERATION*

Dear [Financial Institution’s Name],

Thank you for offering me the opportunity to participate in the domestic debt exchange program. After careful consideration, I have decided to decline this offer. It is unpatriotic and not well thought-through.

I understand that this program aims to reduce debt and allegedly improve the country’s financial situation, however, I have evaluated my current financial situation and have determined that it is not the best option for me at this time.

RelatedPosts

President Mahama Touts Ghana’s Economic Rebound at General Assembly

President Mahama Calls for UN Security Council Reform, Reset of Global Financial System at 80th UNGA

New AfDB Review Highlights Inland Fisheries as Lifeline for Millions of Africans

I appreciate your consideration and understanding in this matter. Kindly advise government to relook its expenditure to sustain its debts.

Thank you for your time and assistance.

Sincerely,

[Your Name]

The draft is in furtherance to the IBF’s request for its members to reject and refrain from complying with the mandatory deadline imposed under the Domestic Debt Exchange Programme [DDEP] by Government.

Meanwhile, advised government to open a channel of communication for immediate frank, transparent and sincere dialogue on the DDEP with the IBF with the view to seeking an effective resolution to the developing impasse and the fast-depleting confidence in the Ghanaian economy.

“We call on government to demonstrate the needed sensitivity to enable a constructive resolution in the best interest of all,” it added.

The group has also called on labour unions to join them in the fight for the preservation of hard-earned savings invested by the Ghanaian public which also includes their members, further adding “we also look forward to partnering likeminded groups and organizations to achieve our joint goals”.

Source: norvanreports
Tags: othersRejecting DDE: IBF Conveners draft for members response to invitation to debt programme by banks
No Result
View All Result

Highlights

This Gamechanger Could Charge up Africa’s EV Ownership

Bank of Ghana Prices 1oz Gold Coin at GHS 47,960

President Mahama Rings Nasdaq Bell to Court Global Investors

African Countries That Survive on Diaspora Remittances More Than Export Earnings

Ghana Boxing Authority Promises Enhanced Medical Care for Boxers Following Bahubali’s Tragic Death

Premier League: Hearts of Oak eye Second Straight win as Eleven Wonders Visit Accra on Friday

Trending

Business

President Mahama Touts Ghana’s Economic Rebound at General Assembly

September 25, 2025

President Mahama Touts Ghana's Economic Rebound at General Assembly President John Dramani Mahama has claimed early success...

President Mahama Calls for UN Security Council Reform, Reset of Global Financial System at 80th UNGA

September 25, 2025

New AfDB Review Highlights Inland Fisheries as Lifeline for Millions of Africans

September 25, 2025

This Gamechanger Could Charge up Africa’s EV Ownership

September 25, 2025

Bank of Ghana Prices 1oz Gold Coin at GHS 47,960

September 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.