The Ghanaian Financial Minister, Ken Ofori-Atta has claimed that individual bondholders in Ghana will not be affected by the debt restructuring plans that are ongoing by the Ghanaian government.
According to him, all treasury bill holders will be paid for investments in full as the government’s debt restructuring policies only affect external debts taken by the government.
These plans have yet to be made known to the public, but it is already known that the debt restructuring will be accompanied by fiscal measures as well as details of a scheme to protect banks.
This debt restructuring, which will be conducted in the year 2023 is to reduce the country’s debt-to-GDP ratio by as much as 50% in present-value terms by the year 2028.
