Members of the Individual bondholders Forum have notified the Police of their intention to start picketing at the Finance Ministry from Monday, February 20, 2023.
Their action follows that of pesnioners who have been at the ministry’s premises 7 days continuous, with intentions to carry the 8th day Wednesday, February 15.
Convenor of the forum, Martin Kpebu said he notified the Police 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.
He explained that an amount of GHS4.2 billion of bonds matured on Monday February 6, but the government has not paid.
This, he indicated, is creating anxieties among the bondholders.
“Government has broken its promise to honour all existing bonds. GHS4.2billion of the bonds matured, not all belong to individual bondholders, but till 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 February 14, 2023 to February 21 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.
Source: 3News.com|Ghana
