We want total exemption from Domestic Debt Exchange Program -Pensioner Bondholders Forum

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Today, Thursday, February 9, 2023, the Pensioner Bondholders Forum’s picket at the Ministry of Finance has reached its fourth day.

In order to emphasize their requests that their assets be spared from the government’s Domestic Debt Exchange Program, members of the Pensioner Bondholders Forum continued to picket today.

The government has suggested a coupon rate of 15%, but the organization has indicated it would not accept any investment reductions.

The group claims that because its members’ livelihoods rely on the revenues, it would not take haircuts on investments.

Some group members have said they need the money from their investments to pay for their prescription drugs and other necessities, thus they want the government to completely exempt the investments.

“We deserve total exemption, we have earned it.

“Total exemption,” the pensioner bond holders told media.

Despite the original deadline of Tuesday, February 7, 2023, the government has now extended the opportunity for bondholders to complete bidding processes under the DDE program.

Technical difficulties that some bondholders had while “trying to complete the online tender procedure” made the extension necessary, allowing those who were unable to complete the process to do so.

These people have three days to finish the procedure.

Source: Ghanatodayonline.com

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