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ACCRA, Jan 16 (Reuters) – Ghana has again extended the deadline to register for its domestic debt exchange, this time to Jan. 31, Finance Minister Ken Ofori-Atta said on Monday.<\/p>\n
The crisis-hit nation launched the debt swap plan at the start of December, days before clinching a staff-level agreement with the International Monetary Fund (IMF) for a $3 billion rescue package.<\/p>\n
“Building consensus is key to a successful economic recovery for Ghana,” Ofori-Atta wrote on Twitter, adding that registration for the debt exchange would be extended “pending further stakeholder engagement”.<\/p>\n
The IMF has said its board will approve the deal only if Ghana undergoes comprehensive debt restructuring.<\/p>\n
The deadline for the debt swap, initially set for Dec. 19, had previously been extended to Dec. 30 and then to Jan. 16<\/a>.<\/p>\n Revisions to the initial offer exempted pensioners after a public outcry but later brought in individual bondholders who were originally exempted.<\/p>\n Ghana last week offered to pay holders of its 2023 bond a 2% cash fee in exchange for registering for the exchange, but opposition to the programme has remained pervasive.<\/p>\n “Ghana spent a lot of money solving the problems it had with its banks from the 2014-2015 crisis, so you want to think very carefully to avoid jeopardizing them,” said Gregory Smith, emerging markets fund manager at London-based M&G Investments.<\/p>\n Reporting by Cooper Inveen and Christian Akorlie; Our Standards: The Thomson Reuters Trust Principles.<\/a><\/p>\n<\/div>\n\n ACCRA, Jan 16 (Reuters) – Ghana has again extended the deadline to register for its domestic debt exchange, this time to Jan. 31, Finance Minister Ken Ofori-Atta said on Monday. The crisis-hit nation launched the debt swap plan at the start of December, days before clinching a staff-level agreement with the International Monetary Fund (IMF) …<\/p>\n","protected":false},"author":1,"featured_media":42483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42482"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=42482"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/42483"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=42482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=42482"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=42482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAdditional reporting by Jorgelina do Rosario;
\nWriting by Sofia Christensen and Cooper Inveen;
\nEditing by Estelle Shirbon, Alexander Winning, Kirsten Donovan<\/span><\/p>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"