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The Government of Ghana Provides an Administrative Window Until 10th February 2023 for Bondholders to Complete Tender Process Following Technical Glitches

The Government of Ghana Provides an Administrative Window Until 10th February 2023 for Bondholders to Complete Tender Process Following Technical Glitches

Accra, Ghana, 7TH February, 2023…… In connection with the ongoing Domestic Debt Exchange Programme (DDEP), the Government of Ghana thanks all bondholders who have so far tendered their bonds.

However, it has come to the attention of Government that some bondholders faced technical glitches as they tried to complete the online tender process.

As a result, Government is providing bondholders with a window to complete processes for tendering their bonds, in response to the terms of Exchange as amended pursuant to the 2nd Amended and Restated Exchange Memorandum. This window ends on Friday, 10th February 2023 at 4:00 p.m. (GMT).

The timetable of the Exchange is not otherwise affected by this, except for the Announcement Date which is now expected to occur on Monday, 13th February 2023. The settlement of the Exchange is still scheduled for Tuesday, 14th February 2023. Except as set forth in this paragraph, the terms and conditions of the Exchange are not modified or amended.

All Eligible Bondholders who were unable to complete the process should visit the website of the Central Securities Depository (www.csd.com.gh/dde) to complete the process.

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                                                                                                                             KEN OFORI-ATTA

                                                                                                                    GOVERNMENT OF GHANA

 

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