\n
The government has once again promised to pay matured coupons and principal of old bonds beginning March 13, 2023, after reneging on its promise of paying coupons that matured on February 6-20, 2023.<\/p>\n
This follows the conclusion of the Domestic Debt Exchange Programme (DDEP).<\/p>\n
In view of this, the government amongst others announced that, \u201cin fulfilment of the assurance given by Government to bondholders who did not tender, the Ministry is taking administrative steps to ensure that payments of coupons and principals of the old bonds resume by 13th March 2023\u201d.<\/p>\n
The Finance Ministry in a statement on February 27, 2023, explained that new bonds settled and listed will become the new benchmark bonds.<\/p>\n
\u201cThe newly issued bonds have been settled and listed and will become the new benchmark bonds for the fixed income market. The Ministry of Finance will work with relevant stakeholders, as agreed, to ensure that these new benchmark securities become the basis for deepening the domestic sovereign bond market,\u201d the Finance Ministry stated in the statement.<\/p>\n
According to the Ministry, S&P Global Ratings which raised Ghana\u2019s local currency sovereign credit ratings from selective default (SD) to \u2018CCC+\/C\u2019, acknowledges the successful completion of the DDEP.<\/p>\n
The Finance Ministry noted in the statement that, \u201con Friday, 24th February 2023, S&P Global Ratings raised Ghana\u2019s local currency sovereign credit ratings from selective default (SD) to \u2018CCC+\/C\u2019. This acknowledges the completion of the DDEP with a successful delivery of new securities to bondholders. In doing so, the selective default is substantially cured\u201d.<\/p>\n
The government assured to work together with its external creditors to advance the progress of its external debt treatment.<\/p>\n
\u201cThe above stated milestone is further expected to accelerate the engagement with our external creditors. The Government of Ghana also takes this opportunity to assure our external creditors of their equal importance to the Republic of Ghana. We will, therefore, continue to work together to advance the progress of our external debt treatment, in order to ensure Ghana\u2019s long-term macroeconomic stability,\u201d the Finance Ministry said in the statement.<\/p>\n
A coalition of Individual bondholders groups made up of the pensioner Bondholders Forum, the Individual Bondholders Association of Ghana and the Individual Bondholders Forum earlier called on the Finance Ministry to demand the payment of matured bonds that were not tendered under the DDEP.<\/p>\n
Click here here to read the Finance Ministry\u2019s statement<\/strong><\/p>\n\u00a0<\/p>\n
https:\/\/www.youtube.com\/watch?v=\/TSTUaJvs9xA<\/a><\/p>\n\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n
\u00a0<\/p>\n<\/p><\/div>\n
<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"
The government has once again promised to pay matured coupons and principal of old bonds beginning March 13, 2023, after reneging on its promise of paying coupons that matured on February 6-20, 2023. This follows the conclusion of the Domestic Debt Exchange Programme (DDEP). In view of this, the government amongst others announced that, \u201cin […]<\/p>\n","protected":false},"author":1,"featured_media":17964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-22677","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Payment of coupons, principals of old bonds to resume on March 14 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payment of coupons, principals of old bonds to resume on March 14 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The government has once again promised to pay matured coupons and principal of old bonds beginning March 13, 2023, after reneging on its promise of paying coupons that matured on February 6-20, 2023. This follows the conclusion of the Domestic Debt Exchange Programme (DDEP). In view of this, the government amongst others announced that, \u201cin […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-27T17:59:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/02\/ken-ofori-atta-before-censure-committee.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1364\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/\",\"name\":\"Payment of coupons, principals of old bonds to resume on March 14 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/02\/ken-ofori-atta-before-censure-committee.jpg\",\"datePublished\":\"2023-02-27T17:59:10+00:00\",\"dateModified\":\"2023-02-27T17:59:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/02\/ken-ofori-atta-before-censure-committee.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/02\/ken-ofori-atta-before-censure-committee.jpg\",\"width\":2048,\"height\":1364},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Payment of coupons, principals of old bonds to resume on March 14\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Payment of coupons, principals of old bonds to resume on March 14 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/","og_locale":"en_US","og_type":"article","og_title":"Payment of coupons, principals of old bonds to resume on March 14 - Ghanamma.com","og_description":"The government has once again promised to pay matured coupons and principal of old bonds beginning March 13, 2023, after reneging on its promise of paying coupons that matured on February 6-20, 2023. This follows the conclusion of the Domestic Debt Exchange Programme (DDEP). In view of this, the government amongst others announced that, \u201cin […]","og_url":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/","og_site_name":"Ghanamma.com","article_published_time":"2023-02-27T17:59:10+00:00","og_image":[{"width":2048,"height":1364,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/02\/ken-ofori-atta-before-censure-committee.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/","url":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/","name":"Payment of coupons, principals of old bonds to resume on March 14 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/02\/ken-ofori-atta-before-censure-committee.jpg","datePublished":"2023-02-27T17:59:10+00:00","dateModified":"2023-02-27T17:59:10+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/02\/ken-ofori-atta-before-censure-committee.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/02\/ken-ofori-atta-before-censure-committee.jpg","width":2048,"height":1364},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/02\/27\/payment-of-coupons-principals-of-old-bonds-to-resume-on-march-14\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"Payment of coupons, principals of old bonds to resume on March 14"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/22677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=22677"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/22677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/17964"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=22677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=22677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=22677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}