Treasury Bills Will Be Paid In Full Value At Maturity -Ofori Atta
Minister for Finance, Mr Ken Ofori-Atta has assured treasury bills holders their investment are completely exempted from the domestic debt restructuring.
Government plans to announce full details today, Monday December 5, 2022.
He said all holders will be paid the full value of their investments on maturity.
According to Ken the government is working hard to reduce the impact of domestic debt exchange on investors holding government bonds.
In a statement issued yesterday, the minister indicated, “small investors, individuals and other vulnerable groups” that their investments are safe.
He stated the aim of the domestic debt exchange is to help restore macroeconomic stability.
He added, “We are confident that these measures will contribute to restoring macroeconomic stability.”
Ofori Atta disclosed Treasury Bills are completely exempted and all holders will be paid the full value of their investments on maturity.
He teased, “There will be no haircut on the principal of bonds. Individual holders of bonds will not be affected.”
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