The Finance Minister, Ken Ofori-Atta, has indicated that government will grant some concessions to Individual Bond holders under the Domestic Debt Exchange Programme.
He, however, ruled out any move to abolish the programme or grant total exemption to individual bondholders.
“We are looking at a situation where maybe the zero coupon for bondholders in 2023 should be changed going forward,” he said.
Mr Ofori-Atta noted that government is fully committed to taking measures that will lessen the burden on individual bondholders who have expressed worry about the current structure of the Domestic Debt Exchange Programme.
Mr Ofori-Atta spoke in an exclusive interview with Joy Business’ George Wiafe on PM Express Business Edition, which will be aired on January 19, 2023 on Joy News channel at 9pm.
Concerns
The minister made the disclosure ahead of a meeting with individual bondholders on January 17, 2023 at the Finance Ministry.
Mr. Ofori-Atta stated that …