Ghana's Finance Minister announces $12 billion savings from Domestic Debt Exchange Programme.

Ghana's Finance Minister, Dr. Mohammed Amin Adam, announced that the Domestic Debt Exchange Programme (DDEP), launched in December 2022, has saved the country approximately $12 billion by allowing domestic bondholders to exchange existing bonds for new ones with adjusted terms. This initiative is part of broader debt restructuring efforts, which include restructured Eurobonds and ongoing negotiations with commercial creditors to alleviate financial burdens.

October 24, 2024
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