Members of the Individual bondholders Forum have notified the Police of their intention to start picketing at the Finance Ministry from Monday, February 20. Convenor of the forum, Markin Kpebu said he notified the Police today Tuesday, February 14.
“I was with the Police today to notify them about our plan to picket starting Monday, February 20,”‘ he said on the Ghana Tonight show on TV3 Tuesday, February 14. He explained that an amount of GHS4.2 billion of bonds matured on Monday 6th February but the government has not paid. This, he indicated, is creating anxieties among the bondholders.
“Government has broken its promise to honor all existing bonds. GHS4.2 billion of the bonds matured, not all belong to individual bondholders, but to date, the government hasn’t paid. Our members are having sleepless nights, palpitations anger, etc.
“The bonds matured on the 6th of February but as we speak now we have not been paid,” he said. The government has extended the Settlement Date of the Exchange from the previously announced 14th February 2023 to 21st February in the Domestic Debt Exchange Programme (DDEP).
This is to provide sufficient time to settle the New Bonds in an efficient manner, a statement issued by the Ministry of Finance said on Tuesday, February 14.
“To provide sufficient time to settle the New Bonds in an efficient manner, the Government is extending the Settlement Date of the Exchange from the previously announced 14th February 2023 to 21st February 2023”, the statement indicated. The Ministry earlier expressed gratitude to all bondholders who voluntarily participated in the DDEP.
