djfly
• All holders of Treasury Bills will get the entire amount of their investments at maturity and are completely exempt from taxation.
• There won’t be any principal reduction on bonds.
• Bondholders personally won’t be impacted.
That’s NOT TRUE, boss. The Fin Min said treasury bills are protected (full redemption) but other local debt instruments (e.g. fixed dep., bank debt holdings) are to to be exchanged for 4 instruments with different maturity dates & coupon payments. So there are implicit haircuts! https://t.co/q1LW9QJ3dK
— Theo Acheampong, PhD (@mytheoz) December 4, 2022
Watch the Minister’s address below:
Other stories
2022 Oasis Scholarship
Formal President Kufour describes his 2005 visit to Malaysia.
Ghanaians were detained for selling match tickets in Qatar ’22, according to the Minister
After losing, a Ghanaian official takes a selfie with Son Heung-min.
Where is Who Watches the Watchman, Part II? Kwaku Annan inquiries of Ken Agyapong
Gossip
