The Finance Ministry says the newly issued bonds have been settled and listed and will become new benchmark bonds for the fixed-income market.
The Ministry said it would work with stakeholders agreed, to ensure that the new benchmark securities become the basis for deepening the domestic sovereign bond market.
It said the Ministry is also taking steps to ensure that payments to bondholders who did not tender in their bonds are paid their coupons and principals of old bonds starting from March 13, 2023.
The Ministry further referenced S&Ps Global Rating which has raised Ghana’s local currency sovereign credit ratings from selective default (SD) ‘CCC+/C’.
To the Ministry, the latest rating acknowledges the completion of the domestic debt exchange programme with a successful delivery of new securities to bondholders.
By: Rainbowradioonline.com/Ghana
