Recent extension for Debt Exchange Programme has received excellent feedback – Deputy Finance Minister

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Following Tuesday’s deadline for the Debt Exchange Programme, the Ministry of Finance opened a three-day administrative window for bondholders who had not yet finished the registration processes to do so. The ministry has now stated that it is receiving the necessary response from various stakeholders and individuals.

On Thursday, February 9, Deputy Finance Minister Abena Osei-Asare spoke on behalf of the Finance Minister at the 2023 State Internet and Governance Authority Annual Stakeholders Engagement in Kwahu. She expressed optimism that the government’s determined actions will result in the essential goals.

“The government has responded decisively by responding to the crisis by adopting several measures to reset the economy and restore macro-economic stability. In connection with our debt exchange programme, the exercise was closed on Tuesday and a three-day administrative window opened to end on Friday for a few people who have to go through the respective processes to go through”.

“We have received a considerable response from most of the stakeholders, institutions and for that we are grateful,” Osei-Asare said.

Madam Osei-Asare, who expressed concern about the low level of dividends being paid by various SOEs to the government, indicated that cost-efficiency measures remain a significant component of the economic solutions. She urged various SOE CEOs to enforce compliance to keep public spending measures in line with the current economic conditions and only focus on critical projects that will end up benefiting in this financial turmoil.

Joseph Cudjoe, the minister for public enterprises, said that the ministry of finance might no longer be able to write checks to organizations. He urged all heads to be aware of the current economic climate and implement strategic management techniques.

In order to address all ambiguities and inconsistencies discovered over the years and resolve all issues of fragmented policy in the sector, he pointed out that the state ownership policy, which is being discussed at the final stages for approval, aims to harmonize the public financial management act with SIGA act.

Source: Ghanatodayonline.com

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