News & Events

The Government has taken the decision to extend the Expiration Date of the Domestic Debt Exchange Programme from Monday, 16th January 2023 at 4:00 p.m. (GMT) to Tuesday, 31st January 2023 at 4:00 p.m. (GMT) (the “New Expiration Date”).

The Minister for Finance, Ken Ofori-Atta has reiterated Government’s commitment to partner the private sector in the economic transformation of the country.

Following the public statements by the Government of Ghana of its intention to seek a restructuring of its external debt, international holders of Ghana’s Eurobonds have organized to form a bondholder creditor committee (the “Committee”). The Committee is representative of a diverse group of institutional investors including mutual funds, asset managers, insurance firms, hedge funds, and family offices.

I will like to first of all thank the almighty God for providing the needed guidance to the GoG and the Fund to get us where we are today.

On 5th December 2022, the Government of Ghana launched Ghana’s Domestic Debt Exchange programme, an invitation for the voluntary exchange of approximately GHS137 billion of the domestic notes and bonds of the Republic, including E.S.L.A. and Daakye bonds, for a package of New Bonds to be issued by the Republic.

As part of the Government’s efforts to address the country’s ongoing economic crisis, on 5th December 2022, we launched a domestic debt exchange pursuant to which we invited (the “Invitation”) certain holders of approximately GHS137.3 billion of principal amount outstanding of certain of our domestic notes and bonds issued by the Government, E.S.L.A. Plc or Daakye Trust Plc (the “Eligible Bonds”) to exchange their Eligible Bonds for a package of new bonds to be issued by the Government (the “New Bonds”).