[ad_1] Dr. Mohammed Amin Adam, the Minister of Finance, has apologised to Ghanaians for the hardships they are experiencing due to the Domestic Debt Exchange Programme (DDEP). His apology comes after Assin Central MP Kennedy Agyapong advised the New Patriotic Party (NPP) members to admit their mistakes and apologise to Ghanaians. Similarly, Obuasi West MP…
[ad_1] 1. Brief background By the end of the 3rd Quarter of 2021, Ghana’s fiscal vulnerability had been evident to the market resulting in a loss of market access largely consistent with the country’s struggle to manage its public debt since independence. In all of Ghana’s program engagements with the International Monetary Fund (IMF), debt…
[ad_1] Former Chief Justice Her Ladyship Justice Sophia Akuffo has likened the government’s announcement of the Domestic Debt Exchange Program (DDEP) to the era of military regimes. Speaking in an interview with Starr FM on Thursday, November 9, she expressed her concern, stating that the government sought to make changes without proper understanding or consent….
[ad_1] The Board Chairman of ARP Apex Bank, Dr Toni Aubynn has said that the Domestic Debt Exchange Programme (DDEP) has had a negative impact on the growth plans of Rural and Community Banks (RCBs). According to him, the sector has incurred a loss of GH₵1.10 billion as a result of the recently concluded DDEP. …
[ad_1] Members of the Pensioner Bondholders’ Forum have rejected another attempt by the government to rope them into the Domestic Debt Exchange Programme (DDEP). Government has announced that it is re-opening the DDEP, particularly for investors who did not sign up in February. The Finance Ministry, in a statement, noted that the opportunity will also…
[ad_1] The Head of Public Relations at the Ministry of Roads and Highways, Nasir Ahmed Yartey, has indicated that the stalled road interchanges across the country are a result of the country’s International Monetary Fund (IMF) deal and the Domestic Debt Exchange Programme (DDEP). Some key interchanges across the country that yet to be completed…
[ad_1] A former Governor of the Bank of Ghana (BoG), Dr. Kwabena Duffuor, says the central bank should have officially informed the Finance Minister and provided a copy of that information to Parliament after it provided the government with a bailout for its Domestic Debt Exchange Programme (DDEP). He said that doing so would not…
[ad_1] The government of Ghana, through the Ministry of Finance, has begun the process of settling the first coupon payment of bonds affected by the domestic debt exchange program (DDEP). According to the Ministry, the matured coupons amount to GHC 2.4 billion, and instructions have already been sent for settlement. The DDEP was launched in…
