Central Securities Depository now honouring Domestic Debt Exchange withdrawal requests – Senyo Hosi

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Individual bondholders who participated in the Domestic Debt Exchange Programme (DDE) have the option to withdraw their investments, according to , the Convener of the Individual Bondholders' Forum.

Mr Hosi confirmed that some withdrawal requests have already been honoured and encouraged others to do the same if they have changed their minds. He also stated that the campaign against the DDE continues.

On Thursday, the Individual Bondholders Forum petitioned XIV, the Agbogbomefia of the Asogli State, to help them get an exemption from the DDE.

He addressed the former President of the , stating: “Togbe the matter is an eye red matter and for someone who has led the and is one of the players who birthed the capital market, besides your royal place as the Agbogbomefia of the Asogli State, you are a pioneer in this industry, I do not want to believe this is your voice and the destination you assured us when your voice was heard back then.”

The group also made recommendations to the government, including divesting loss-making, defunct, and troubled , and reviewing the Programme to make it more efficient.

They estimate that divesting the 17 non-performing state-owned enterprises and reviewing the alone will provide the government with two billion cedis.

The group also urged the government to maintain the 2022 capital expenditure level by reducing the non-ABFA MDA and foreign finance Capex provisions by 50%, which they claim will provide 10.7 billion Ghana Cedis.

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