Ghana is today faced with major economic and financial crisis, and its attendant social challenges. In 2020 and 2021, the covid-19 pandemic negatively impacted our fiscal and economic situation. Global risk aversion triggered large capital outflows, a loss of external market access and rising domestic borrowing costs.
Extension of The Expiration Date for The Domestic Debt Exchange Program (DDEP) to December 30, 2022
On 6th December 2022 our domestic debt operation (which we formally refer to as the Invitation to Exchange) was launched. Over the last ten days, we continued the consultation efforts that we initiated with all stakeholders ahead of the launching of the offer, including regulators, bankers, pension funds, asset managers, insurance companies etc.
Ghana’s Domestic Debt Exchange 2022 – Exchange Memorandum
On behalf of the Government of Ghana, I wish to set out the background of a debt exchange programme that will allow our country to restore sound public finance and sustainable debt levels, and to kickstart economic growth following the impact of the COVID-19 pandemic.
Commencement of Domestic Debt Exchange
The Republic of Ghana (the "Republic" or “Ghana”) announced today that it is inviting Eligible Holders (as defined below) to exchange (the “Invitation”) approximately GHS137.3 billion of the domestic notes and bonds of the Republic, E.S.L.A. Plc and Daakye Trust Plc specified in Table A below (the “Eligible Bonds”) for a package of New Bonds (as defined below) to be issued by the Republic
Ghana’s Domestic Debt Exchange - Ken Ofori-Atta
In the Budget Statement presented to Parliament on November 24th, I announced that government will undertake a debt operation programme. The broad contours of the Debt Sustainability Analysis has been concluded and I am here this evening to provide some details on ...
Ghana-Germany Complete Inter-Governmental Negotiations
The Government of Ghana and the Government of the Federal Republic of Germany have concluded bilateral negotiations on development cooperation in Berlin from 28th to 29th November 2022.
Update Re Possible Debt Operations
The Ministry of Finance provides the following update on the progress of technical work on possible debt operations, as part of ongoing negotiations with the International Monetary Fund (IMF or the Fund). This update follows statements made on the sides of the presentation of the 2023 budget in Parliament on Thursday 24th November, 2022.
Press Release on 2023 Annual Budget
In accordance with Article 179 of the 1992 Constitution and section 21 of the Public Financial Management Act, 2016 (Act 921) the Minister for Finance will, on behalf of the President, lay before Parliament the 2023 Annual Budget Statement and Economic Policy of Government on Thursday, 24th November, 2022.
False Claims About IMF Negotiations
The Ministry notes that in recent days, a number of persons have been making false claims about the ongoing negotiations with the International Monetary Fund (IMF or the Fund).
World Bank/IMF Annual Meetings and Progress of Negotiations with The Fund
A Government Delegation has successfully concluded a trip to Washington D.C., to attend the Annual Meetings of the World Bank and International Monetary Fund (IMF or the Fund); and continue negotiations for IMF support for Ghana’s Post-Covid Programme for Economic Growth