Individual bondholders who requested to be left out of the debt swap program were informed by Finance Minister Ken Ofori-Atta that doing so was not required.

The debt exchange program is voluntary, according to the Minister. No bondholder is required to accept the terms of the scheme, he said.

He was speaking to members of the press and bondholders who had met with him to discuss the issue. He stated that the administration aims for an 80 percent program participation rate.

The move is aimed at helping the government address the economic challenges confronting the country.

“It is a voluntary programme and the expectation is that we have an 80 percent participation and so, that should be factual for everybody,” Mr Ofori-Atta said.

The debt exchange programme seeks to encourage bondholders to voluntarily exchange GH¢137 billion domestic notes and bonds of the Republic including ESLA and Daakye for a package of new bonds.