Domestic debt exchange: No haircut on treasury bills, principal bonds – Gov’t

Finance Minister, Ken Ofori-Atta has announced that there will be no “haircut” on the principal of bonds and that individuals with government bonds will have their full investments on maturity.

Ofori-Atta said government will ensure that people’s investments are safe.

There will be no haircut on the principal of bonds

Individual holders of bonds will not be affected,” he said in an address on Sunday evening.

The Finance Minister noted that government has concluded the broad contours of the debt sustainability analysis and details on Ghana’s domestic debt exchange will be launched on Monday, December 5, 2022.

Working together, these regulators have put in place appropriate measures and safeguards to minimize the potential impact on the financial sector and to ensure that financial stability is preserved.”

“Specifically, the Bank of Ghana, the Securities & Exchange Commission, the National Insurance Commission, and the National Pensions Regulatory Authority will ensure that the impact of the debt operation on your financial institution is minimized, using all regulatory tools available to them.”