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Press Release

2023 Mid-Year Statutory Meetings Of WAIFEM, WAMA And WAMI - 5th To 15th September, 2023 (Accra – Ghana)

The Government of Ghana under the auspices of the Ministry of Finance and the Bank of Ghana, and in collaboration with the West African Monetary Agency (WAMA), the West Africa Institute for Financial and Economic Management (WAIFEM), and the West Africa Monetary Institute (WAMI) will host the 2023 Mid-Year Statutory meetings of the West African Monetary Zone from 5-15 September 2023 in Accra, Ghana.

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Commencement of DDE in Respect of Ghana’s U.S.$-Denominated Domestic Bonds

The Government of the Republic of Ghana (the "Government” or “we”) announced today that it is inviting (the “Invitation”) Eligible Holders (as defined below) to exchange approximately US$809 million of its U.S.$-denominated domestic notes and bonds specified in Table A (the “Eligible Bonds”) for a package of new bonds (as further described below, the “New Bonds”) to be issued by the Republic.

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Update on Outstanding Domestic Debt Service Obligations

The Government of Ghana and the Coalition of Individual Bondholders Groups (CIBG), comprising members of the Individual Bondholders’ Forum (IBF) and the Individual Bondholders’ Association of Ghana (IBHAG), on 16th May, 2023, reached agreement regarding the government’s outstanding domestic debt service obligations. This agreement was captured in a Memorandum of Understanding (MOU) dated 16th May, 2023.

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