National Communication Officer of the National Democratic Congress, Sammy Gyamfi, has said that looking at the arrangements for bondholders included in government’s Domestic Debt Exchange programme (DDE), many would have died before they get their monies. 2024, 2025, you are getting nothing,” he added. Last year, the government, through the Ministry of Finance, announced a debt exchange programme, dubbed the Domestic Debt Exchange (DDE) programme. In other words, the government is swapping the agreement (the time and the promised interest) it had with the bondholder with a new one (new interest (s) and/or new duration(s)), hence the name, debt exchange. Many have kicked against it and have vowed to head to court should government insists on including individual bond holders.

Source: GhanaWeb January 13, 2023 16:29 UTC