DDE: Bondholders committee to complete work this week
The joint technical committee working to address the concerns of some individual bondholders is expected to complete its work by the end of this week.
The committee comprising representatives from the government and the bondholders have been meeting and exchanging ideas since Thursday, January 19, 2023, on the implementation of the Domestic Debt Exchange (DDE) programme.
The bondholders in the last couple of days have held a series of town hall meetings soliciting ideas for the government to exempt them from the programme.
One of the lawyers for the bondholders, Martin Kpebu has indicated that his clients are only in favour of a decision that excludes them from the debt exchange programme.
“So for them, they are happy as long as the result will be that individual bondholders are exempted.
"So it’s not like they wholeheartedly embrace the committee. They gave a caveat that this committee is welcomed only if it results in the exemption of individual bondholders.
"That is the kind of reception it had. Let’s hope that the committee will finish up its work this week and present its report and that the Finance Minister will grant a 100% exemption of individual bondholders from the DDE. We will finish [our work] this week,” Martin Kpebu expressed.
Source: Classfmonline.com/cecil Mensah
Trending News
NDC postpones Opoku-Agyemang entry tour to May
15:48Today's 'dumsor' due to rainstorm – ECG
10:14Crusaders Against Corruption-Ghana denies joining Alan’s Alliance for Revolutionary Change
07:52All my businesses’ve collapsed under Akufo-Addo: NDC Central regional chair
06:57NDC to officially introduce Prof Naana Opoku-Agyemang as running mate tomorrow
10:15TEWU elects 1st female national chairperson
10:32Lift veil on assets declared by public officials – Osafo-Maafo
14:33I'll address challenges with Free SHS in 100 days as president - Mahama
10:31300 mine workers picket Lands Ministry
06:58GRASAG optimistic about Mahama's 24-Hour economy
10:16