By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    GRNMA Strike: Doctors in Eastern Region directed to send emergency cases to private hospitals
    June 13, 2025
    Peace Council, Small Arms Commission educate OKESS students on dangers of gun violence
    June 13, 2025
    Nigerian national Stanley Afaku was sentenced to 10 years in prison for armed robbery at Effia-Nkwanta Regional Hospital.
    Sekondi Circuit Court jails Nigerian armed robber 10 years for hospital robbery
    June 13, 2025
    President Mahama and UK High Commissioner Harriet Thompson in farewell handshake
    Mahama bids farewell to UK High Commissioner, commends four years of corporation
    June 13, 2025
    Charles Wiredu speaking in Parliament about media freedom in Ghana
    Closure of media stations politically motivated – Charles Wiredu
    June 12, 2025
  • Business
    BusinessShow More
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama to end YEA contract with Zoomlion following Manasseh’s petition
    June 12, 2025
    Caveman Watches launches partnership with Johnnie Walker
    June 12, 2025
    Africa’s top innovators to converge in Accra for Africa Rising Symposium 2025
    June 12, 2025
    Ghana Foreign Minister Samuel Okudzeto Ablakwa with Chinese officials at China-Africa Summit
    China grants 0% tariff on all Ghana exports in historic trade agreement
    June 12, 2025
    ADB explores strategic agric-insurance partnership to enhance farming in Ghana
    June 11, 2025
  • Politics
    PoliticsShow More
    Charles Wiredu speaking in Parliament about media freedom in Ghana
    Closure of media stations politically motivated – Charles Wiredu
    June 12, 2025
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama to end YEA contract with Zoomlion following Manasseh’s petition
    June 12, 2025
    NCA crackdown not attack on media freedom, but lawlessness – Sam George
    June 12, 2025
    Supreme Court of Ghana panel delivers ruling in Ernest Kumi’s contempt case
    Supreme Court affirmed conviction of Ernest Kumi – Lawyer for NDC Candidate
    June 12, 2025
    Dr. Kwame Asah-Asante criticizes NPP over delayed apology to John Mahama
    Ghanaians glorify political nonsense – Asah-Asante
    June 12, 2025
  • Entertainment
    EntertainmentShow More
    First-ever Ghanaian kids podcast set to launch
    June 12, 2025
    Daniel Clerk speaks on the decline of storytelling in Ghana’s film industry
    Ghanaian movies have lost their soul – Veteran actor Daniel Clerk
    June 11, 2025
    BullGod discusses Baba Sadiq’s post-election future on Starr FM
    Baba Sadiq doesn’t need position to thrive under NDC – BullGod fires at critics
    June 11, 2025
    Miss Tourism Ghana 2024 thrills the world at Miss Orient Tourism Global
    June 10, 2025
    Fresh wave of cultural immersive experiences elevates Ghana’s nightlife
    June 10, 2025
  • Sports
    SportsShow More
    Minister of Sports and GHALCA officials inaugurate Sponsorship Committee for 2025 President’s Cup
    Ministry of Sports and GHALCA inaugurate Sponsorship Committee for 2025 President’s Cup
    June 12, 2025
    Ghana Black Queens players during a match under Coach Kim Bjorkegren
    Black Queens drop to 66th in FIFA rankings, now 6th in Africa
    June 12, 2025
    Police Ladies football team to compete in CAF Women’s qualifiers
    Police Ladies to represent Ghana at 2025 WAFU B CAF Women’s Champions League qualifiers
    June 11, 2025
    AIS student Kweku Ayim holding gold medal after winning discus event for Ghana
    AIS student wins gold for Ghana at West Africa athletics championship
    June 11, 2025
    GFA Disciplinary Committee Awards 3-0 Victory to Basake Holy Stars After Abandoned Match Against Nations FC
    June 10, 2025
  • Technology
    TechnologyShow More
    AgriTech Challenge Pro showcases potential of the agricultural sector to create jobs for the youth
    May 29, 2025
    Crypto regulation to spur innovation, attract investment
    May 20, 2025
    Ghana Grows Empowers 32 Youth with Skills Training and Business Support
    May 16, 2025
    Real QLED – Samsung’s innovations redefine picture quality standard
    May 14, 2025
    Real QLED TV from Samsung: Mirroring real life
    May 14, 2025
  • International
    InternationalShow More
    President Mahama and UK High Commissioner Harriet Thompson in farewell handshake
    Mahama bids farewell to UK High Commissioner, commends four years of corporation
    June 13, 2025
    Haruna Iddrisu seeks Qatar’s support to establish Islamic medical school in Northern Region
    June 12, 2025
    Ghana Foreign Minister Samuel Okudzeto Ablakwa with Chinese officials at China-Africa Summit
    China grants 0% tariff on all Ghana exports in historic trade agreement
    June 12, 2025
    Interpol Issues Red Notice for Former Finance Minister Ken Ofori-Atta
    June 5, 2025
    Elon Musk Unloads on Trump Following Fallout Over Spending Bill
    June 5, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Debt Program: Regulatory capital, liquidity requirements to be reduced – FSC
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
BusinessHeadlines

Debt Program: Regulatory capital, liquidity requirements to be reduced – FSC

Starrfm.com.gh By Starrfm.com.gh Published December 7, 2022
Share
SHARE

Financial Stability Council says there are arrangements for financial sector regulators to temporarily reduce regulatory capital and liquidity requirements for firms that partake in the debt exchange programme.

The Council also reveals regulators will suspend any new rules that will have an adverse impact on liquidity or solvency.

“Each regulator will communicate more specific reliefs to its regulated firms/schemes in due course,” a statement by the Financial Stability Council said.

This is part of measures to help manage the potential impacts of the Debt Exchange Programme on the financial sector. The financial sector regulators are expected to deploy all regulatory and supervisory tools to mitigate risks to financial stability. It will also assess impacts on a regular basis, and quickly address evolving risks in order to safeguard financial stability.

Accounting Treatment

Regulators, according to the Council, are already in discussions with external auditors of financial institutions and will provide guidance to ensure a standardized approach to the accounting treatment applied to the Debt Exchange.

Ghana Financial Stability Fund (GFSF)

Meanwhile, a Financial Stability Fund is being established with a target size of GHC 15 billion to be provided by the Government of Ghana and its development partners.

The Fund will provide liquidity to financial institutions that participate fully in the Debt Exchange.

“All financial institutions (banks, SDIs, pension schemes, collective investment schemes, fund managers, broker/dealers, insurance firms) that fully participate in the Debt Exchange can access the GFSF for augmented liquidity support, with effect from the date of completion of the Debt Exchange.”

The Fund will be managed by the Bank of Ghana under unique operational guidelines being developed by the Financial Stability Council. The Financial Stability Council will provide ongoing advice and oversight for the use of the GFSF.

The Government of Ghana this week launched Ghana’s Domestic Debt Exchange programme, an invitation for the voluntary exchange of approximately GHS137 billion of the domestic notes and bonds including E.S.L.A. and Daakye bonds, for a package of new Bonds to be issued by the government.

The Exchange excludes Treasury Bills in totality, and notes and bonds held by individuals (natural persons).

The Financial Stability Council has thus assured it will continue to closely monitor the impacts of the Debt Exchange on financial institutions and on the financial system as a whole, as well as the effectiveness of the measures outlined above.

These measures will be reviewed continuously and recalibrated as needed to ensure maximum effectiveness to safeguard the stability of the financial system and the protection of deposits, pensions, policy holders’ funds, and investor funds/assets.

Source: Ghana/Starrfm.com.gh/103.5 Fm

You Might Also Like

GRNMA Strike: Doctors in Eastern Region directed to send emergency cases to private hospitals

Peace Council, Small Arms Commission educate OKESS students on dangers of gun violence

Sekondi Circuit Court jails Nigerian armed robber 10 years for hospital robbery

Mahama bids farewell to UK High Commissioner, commends four years of corporation

Closure of media stations politically motivated – Charles Wiredu

TAGGED:Debt ProgramFinancial Stability Council
Share This Article
Facebook Twitter Email Print
Share
Previous Article Huawei equips 500 traders in FinTech
Next Article Debt Exchange: It’ll be suicidal to touch our Tier-3, teachers fund – GNAT

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?