We are yet to receive DDEP exemption letter from Finance Minister – Pensioner Bondholders

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The Pensioners Bondholders Forum has received a letter from the Finance Minister, Ken Ofori-Atta, informing them that they are excluded from the Domestic Debt Exchange Program (DDEP).

This comes after a week of loud protests outside the Ministry’s forecourt over what some older residents fear would ruin their finances.

According to a statement from the government, participation in the debt restructuring was entirely up to the retirees’ discretion.

The displeased pensioners argue, meanwhile, that the Minister must formally announce it and state that their bonds are excluded from the debt restructuring.

Speaking in Parliament, Mr. Ofori-Atta maintains that he informed the convenor in writing of the pensioners’ exclusion following their interaction with him on Wednesday during the picketing.

“I subsequently wrote to their convenor letting him know that all pensioners who did not participate in the bond offering are exempted,” he told the House today.He expressed the hope that this action would assuage the retirees’ worries.

Ghanatodayonline.com has confirmed with the convenor, Dr. Adu Anane Antwi, that he has not yet received a letter from the Minister to that effect.

The DDEP deadline has passed, and the Ministry has confirmed that nearly 85% of applicants participated.

Source: Ghanatodayonline.com

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