The government has extended the deadline for the Debt Exchange Programme to Tuesday, January 31, to enable it to build consensus for the programme.
This is the third time the government has extended the deadline for the bondholders to voluntarily exchange their bonds for new ones.
It is currently unclear how many institutions or individuals have signed onto the programme which has been rejected by several groups.
In the government’s quest to address the country’s ongoing economic challenges, it launched the programme to invite holders of bonds to voluntarily exchange approximately GH¢137 billion domestic notes and bonds of the Republic including ESLA and Daakye for a package of new bonds.
