The government of Ghana has created an administrative window to enable bondholders to complete the tender process, following what the Finance Ministry described as “technical glitches”.
The window will remain open until Friday, February 10, to allow all eligible bondholders who were unable to complete the process to do so.
All bond holders who could not complete the process are to visit the website of the Central Securities Depository (www.csd.com.gh/dde) to complete the process.
The Minister of Finance on Tuesday, 7th February, 2023 announced the closer of the depth exchange program.
However, the ministry explained that it had come to the government’s attention that some bondholders were experiencing glitches while attempting to complete the tender processes online.
“As a result, government is providing bondholders an administrative window to complete processes for tendering their bonds, in response to the terms of Exchange as amended, pursuant to the 2nd Amended and Restated Exchange Memorandum,” it said.
“This administrative window ends on Friday, 10th February 2023 at 4 p.m,” it added.
The Finance Minister said the timetable of the Exchange was not affected by the administrative window, except for the announcement date which was now expected to occur on Monday, February 13, this year.
The government last Friday amended and restated the Memorandum on the “2nd Amended and Restated Exchange Memorandum of the ongoing domestic debt exchange.
The Finance Ministry said it posted on Tuesday, 7th February, 2023 the invitation website (https://projects.morrowsodali.com/ghanadde), a revised second “Amended and Restated Exchange Memorandum” to reflect minor adjustments and clarifications.