The Government of Ghana has commended all bondholders who have so far tendered their bonds. In a statement signed by the Finance Minister, Ken Ofori-Atta, the government, however, expressed concern about the technical challenges some bondholders face as they tried to complete the online tender process.
As a result, the government said it was providing bondholders with a 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. This window ends on Friday February 10, 2023 at 4:00 pm (GMT).
The timetable of the Exchange is not otherwise affected by this, except for the announcement date which is now expected to occur on Monday, February 13, 2023. The settlement of the Exchange is also still scheduled for Tuesday, February 14, 2023. “Except as set forth in this paragraph, the terms and conditions of the Exchange are not modified or amended’, the statement added.
All Eligible Bondholders who were unable to complete the process have been urged to visit the website of the Central Securities Depository (www.csd.com.gh/dde) to complete the process.
