The government has announced a further extension of the expiration date of the Domestic Debt Exchange to January 16, 2023.
“The Government today announces its decision to extend the Expiration Date of the Invitation from Friday, 30th December 2022 at 4:00 p.m. (GMT) to Monday, 16th January 2023 at 4:00 p.m. (the “New Expiration Date”). The Settlement Date for the Invitation is now expected to occur on Tuesday, 24th January 2023, or as soon as practicable thereafter, but no later than the Longstop Date which is now scheduled for Tuesday, 31st January 2023, unless further extended by the Government pursuant to the Invitation. The Announcement Date is now expected to occur on or about 17th January 2023,” said the Finance Ministry in a statement dated 24th December, 2022.
The statement issued by the Finance Ministry also announced five itemised amendments to the terms of the Domestic Exchange which is set to be captured in an Amended and Restated Exchange Memorandum to be published next week.
In making the decision to extend and modify the Invitation to Exchange, the government considered feedback from the financial sector in relation to the need to secure internal approvals.
“Further, this extension affords the Government of Ghana the opportunity to consider suggestions made by all stakeholders with the aim of adjusting certain measures acceptable within the constraints of the Government’s Debt Sustainability Analysis,” the statement noted.
Below is the full press statement
