Member of Parliament (MP) for Nhyiaeso Constituency in the Ashanti Region, Dr Stephen Amoah popularly known as Sticka, has assured all Ghanaians and investors that government will not touch Treasury Bills as part of plans for the debt restructuring process.
The government through the Finance Minister Ken Ofori Atta has said that there will be no interest in investment for 2023 as government outlines plans to deal with Ghana’s restructuring process.
According to the government, Treasury Bills holders will receive the full value of their investments upon maturity.
Speaking in an interview with Nana Yaw Mensah Joel on Oyerepa Breakfast Show’ the Nhyiaeso MP stated that the government has made plans to deal with bonds and other investments, saying that Treasury Bills are exempted from its debt exchange facilitated by the government as part of measures to restore macroeconomic stability.
He reiterated that government will not touch Treasury Bills, savings and current accounts apart from government bonds. He said there would be no ‘haircut’ on the principal bonds and individuals holding such bonds would not be affected.
However, it is only in 2023 that one will not be able to receive interest on investments made.
Source: Oyerepafmonline.com/ Nana Freduah Agyemang Derrick
