The Securities Industry Association welcomes the extension of the loan program
The Securities Industry Association of Ghana has welcomed the decision by the Ministry of Finance to extend the domestic debt swap program until Tuesday, January 31, 2023.
The association praised the Ministry and said the decision was in line with the letter dated January 13, 2023, asking for an extension.
“We welcome the decision of the Minister of Finance to extend the offer deadline until January 31, 2023, after our request to the Minister of Finance for an extension and a binding commitment that we will implement better conditions that can be added at any time. parties in the domestic debt sustainability program in our letter dated January 13, 2023.
It also praised the Ministry’s decision for the extension saying it would help “to better engage with stakeholders, especially individual bondholders to reduce the negative impact”.
The association also asserted “the unequivocal position that Individual Bondholders should include direct bondholders and indirect bondholders are individuals who own shares/units in the Collective Investment Scheme who have invested in government bonds and those who have bonds held in Trust Accounts, a position also espoused by the Ghana Individual Bondholders Forum.
“This is critical to ensure equality and fair treatment for all Individual Bondholders and will further advance the exchange program,” the Association said.
It also guarantees a strong commitment “to cooperate with the Ministry of Finance to achieve a fair exchange program in which we all contribute to overcome economic challenges.”
Read the full statement here
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