As part of negotiations with the International Monetary Fund, the government has disclosed the specifics of a domestic debt exchange that will take place after the Debt Sustainability Analysis is finished (IMF).
Domestic bondholders are expected to exchange their current instruments for new ones in accordance with the scheme, Finance Minister Ken Ofori-Atta stated in a televised statement on Sunday.
He claims that domestic bonds that are currently outstanding as of December 1, 2022, will be exchanged for a group of four new bonds with maturities in 2027, 2029, 2032, and 2037.
Mr. Gatsi spoke on the situation on Starr Today with Joshua Kojo Mensah and said that the IMF is not to blame for the bleak picture that the current situations are painting.
Before further talks about the rescue can begin, in his opinion, Ghana must satisfy the conditionality.
