During the IMF/World Bank Spring Meetings in Washington DC, the Minister of Finance, Ken Ofori-Atta, refuted rumors that the government is planning a second round of Domestic Debt Exchange Programme (DDEP) involving pension funds. Ofori-Atta clarified that the reports were inaccurate and that the government had exempted pension funds in the MoU signed with Organised Labour on 22 December 2022.
He explained that the government is in talks with Organised Labour to maintain debt sustainability and reduce debt servicing. Ofori-Atta mentioned that discussions are ongoing, and they are exploring options such as cocobills and domestic dollar bonds. However, he emphasized that there is no truth to the claim that there will be a second round of DDEP involving pension funds.
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