According to information obtained by JoyNews, the government and the Ghana Securities Industry Association have agreed to participate in the domestic debt exchange program.
Sources claim that the Association’s terms for the 5% Coupon Payment and 9% for the 12 New Bonds that will be issued will be similar to what the Banks and Insurance have agreed to.
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For the industry, a Stabilization Fund will also be formed.
According to reports, the government will probably propose some new terms for individuals who invest in mutual funds and collective investment schemes.
Additionally, according to sources, the government is prepared to put out some advantageous conditions for particular bondholders, with an announcement anticipated soon.
Source: Myjoyonline
