Bondholders promise to protest outside Ministry of Finance until principal and coupons are paid

Pensioner Bondholders Forum members have returned to the Finance Ministry’s offices to picket and demand that their outstanding coupons on matured bonds be paid.

For bondholders who were pensioner bondholders and were exempt from the Domestic Debt Exchange Programme (DDEP) as well as for individual bondholders who chose not to participate in the program, the government has defaulted on the payment of some coupons on matured notes.

The government, according to members of the Pensioner Bondholders Forum, has been behind in paying their matured coupons and principal for more than two months.

The forum’s convener, Dr. Adu Anane Antwi, told the media on the first day of the protest that the group had to return to the Finance Ministry to picket because of the government’s silence.

“We fought for exemptions, we got exemptions, but now we’re not getting paid. We are battling for money and coupons, he said.

Some pensioners said they would picket day and night until their principle and coupons were paid in full.

Source: Ghanatodayonline.com