Menu ›
News
Tue, 6 Dec 2022
Source: classfmonline.com
The Minority in Parliament has described government’s debt exchange programme as unacceptable.
Government has slashed interest payments for domestic bondholders to zero percent in 2023 and pegged 2024 interest payments at 5 per cent.
It has, however, announced that there will be no haircut on the principal of bonds, adding that individuals with government bonds will have their full investments upon maturity.
Finance Minister, Ken Ofori-Atta made the announcement at a press conference but the Minority in Parliament is concerned about the government’s latest move.
They say it is an imposition and therefore, they are kicking against it.
Source: classfmonline.com
Related Articles:
- Agriculture still attractive; youth must embrace it – Abraham Odoom
- Sustainability financing gap threatens Ghana's SDG targets – Experts
- Seth Terkper calls for vigilance to sustain Ghana's recent economic gains
- FLASHBACK: Trust us, we have a track record of stabilizing cedi - Owusu Bempah to Ghanaians
- SSNIT assures stakeholders of financial resilience despite concerns over future reserves
- Read all related articles