Government Reaches Deal With Securities Industry Association To Sign Up For Domestic Debt Exchange
JoyNews is learning that government has reached understanding with the Ghana Securities Industry Association to sign up for the Domestic Debt Exchange programme.
According to sources, the Association’s terms will be similar to what the banks and insurers have secured in terms of the 5% Coupon Payment and 9% for the 12 New Bonds that will be issued.
There will also be a Stabilization Fund established as well for the industry.
Reports say the government is likely going to propose some new terms for individuals with investments in collective schemes and mutual funds.
Sources also suggest that government is set to propose some favorable terms for individual bondholders with an announcement expected soon.
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