Proposed debt exchange programme will bring some confidence....

The Governor of the Bank of Ghana, Dr Ernest Addison, has expressed hope that the proposed debt exchange programme to restructure the country’s debt will bring some confidence into the economy as well as enhance the ongoing monetary policy to control inflation.

Speaking at the Annual Bankers Dinner in Accra which is part of the Bankers Weeks celebration by the Chartered Institute of Bankers Ghana, Dr Addison said the proposed debt exchange programme by government is an important move that will help strengthen the banking sector in the midst of the economic challenges.

“To guarantee debt sustainability over the medium term, a debt exchange operation is proposed to be undertaken to support the consolidation agenda

President of the Chartered Institute of Bankers, Benjamin Amenumey, expressed worry over the high cost of doing business by banks and the country and hinted that members are adopting new measures to overcome the challenge.

He hinted that the Chartered Institute of Bankers, Ghana will launch a book to capture happenings in the industry for the past 60 years since its establishment.

“I am very pleased to announce that 2023 marks the 60th anniversary of Chartered Institute of Bankers, Ghana

T-bills, individual bond holders exempted from Domestic Debt Exchange – Ofori-Atta