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The economy of Ghana is under a significant debt burden. The IMF projects a debt-to-GDP ratio of 98.7% by the end of 2023 for Ghana

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The economy of Ghana is under a significant debt burden. The IMF projects a debt-to-GDP ratio of 98.7% by the end of 2023 for Ghana putting the country in a high debt distress category. The Government has defaulted on paying its coupons and some maturing debts. The government has embarked on the Domestic Debt Exchange Programme to address these challenges. As the Finance Director of your company, you have been tasked to present a proposal to the Board of Directors on how your company will position itself to deal with the ripple effect of the Domestic Debt Exchange Programme on your firm's operations. Your proposal must address the following; i. Highlight the terms and conditions of the Domestic Debt Exchange Programme ii. Discuss the four (4) likely implications of the programme on the financial sector of the Ghanaian economy. iii. Discuss three (3) likely ripple effects of the Domestic Debt Exchange Programme on the operations of your firm iv. Discuss three (3) ways your firm can position itself to deal with the challenges posed by the Domestic Debt Exchange Programme

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