{"id":58014,"date":"2023-04-15T08:57:57","date_gmt":"2023-04-15T08:57:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/15\/ofori-atta-rules-second-debt-exchange-program\/"},"modified":"2023-04-15T08:57:57","modified_gmt":"2023-04-15T08:57:57","slug":"ofori-atta-rules-second-debt-exchange-program","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/15\/ofori-atta-rules-second-debt-exchange-program\/","title":{"rendered":"Ofori-Atta Rules Second Debt Exchange Program"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Ken Ofori-Atta<\/strong><\/p>\n<p>Minister of Finance, Ken Ofori-Atta has completely rejected reports from a section of the media that the government is planning a second round of Domestic Debt Exchange Programme (DDEP) with pension funds.<\/p>\n<p>According to the Finance Minister, such reports were false and incorrect.<\/p>\n<p>Speaking to media practitioners at the IMF\/World Bank Spring Meetings in Washington DC in the United States, Ofori-Atta said, \u201cNo, there\u2019s nothing like that.<\/p>\n<p>\u201cI think maybe it was a misunderstanding but if you look at it, in line with the 22 December 2022 memorandum of understanding (MoU) that we signed with Organised Labour, government pension funds were exempted and that has not changed.<\/p>\n<p>\u201cIt\u2019s, therefore, not correct to state that we are planning a second round of Domestic Debt Exchange Programme (DDEP) with pension funds,\u201d he said.<\/p>\n<p>However, the minister said the government is in discussions with Organised Labour on how to maintain the country\u2019s debt sustainability process.<\/p>\n<p>Ofori-Atta said, \u201cWhat we are doing is working with them on how they can further help the government to reduce the debt servicing and ensure that we maintain in a sort of debt sustainability which was in the MoU.\u201d<\/p>\n<p>\u201cSo those discussions are continuing\u2026 you know that we still have cocobills to work with, and the domestic dollar bonds that we are still working on but really debunk any sense that there is a second round of Domestic Debt Exchange Programme going to happen,\u201d he added.<\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ken Ofori-Atta Minister of Finance, Ken Ofori-Atta has completely rejected reports from a section of the media that the government is planning a second round of Domestic Debt Exchange Programme (DDEP) with pension funds. According to the Finance Minister, such reports were false and incorrect. Speaking to media practitioners at the IMF\/World Bank Spring Meetings [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-58014","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ofori-Atta Rules Second Debt Exchange Program - 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\/04\/15\/ofori-atta-rules-second-debt-exchange-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ofori-Atta Rules Second Debt Exchange Program - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Ken Ofori-Atta Minister of Finance, Ken Ofori-Atta has completely rejected reports from a section of the media that the government is planning a second round of Domestic Debt Exchange Programme (DDEP) with pension funds. 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