The government has secured GH₵3.9 billion in the reopened domestic debt exchange programme, the Ministry of Finance announced on Tuesday.

This represents a significant achievement for the government, which is seeking to fully implement its COVID-19 programme for economic growth in the face of the prevailing economic situation.

The Finance Ministry in a statement added that no new tenders will be accepted, and no revocations or withdrawals will be permitted.

Meanwhile, the government has set September 29, 2023, as the date for the settlement of the new tranches.

The domestic debt exchange programme is part of the government’s efforts to reduce its debt burden and improve its debt sustainability.

The programme has been met with some resistance from some bondholders, but the government has argued that it is necessary to ensure the long-term health of the economy.