Debt Exchange: Govt cutting our heads; our necks will be chopped off too - Abraham Koomson  - Adomonline.com

Secretary General of the Ghana Federation of Labour, Abraham Koomson, has said organised labour has lost trust in the government over the Debt Exchange Programme.

“The president himself said there will be no haircut in the DDE programme.

Organized labour has threatened to resist the government’s Debt Exchange Programme if pension funds are not exempted from the programme.

Meanwhile, the government has extended the deadline for the Domestic Debt Exchange Programme to February 7, 2023.

Debt exchange: Govt promises of ‘no haircuts’ a mockery – Togbe Afede

The Finance Ministry in a press release on Tuesday added that a new settlement date of Tuesday, February 14, 2023, will be confirmed via the new Exchange Memorandum. 

Amidst lots of disagreements following lots of meetings, government said it “has made significant progress with all stakeholders, including financial sector industry associations and representative groups of individual bondholders, with respect to their participation in the Domestic Debt Exchange Programme.”