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Why drag us back to DDEP – Pensioners and Bondholders to government

Pensioners and Bondholders

Pensioners and Bondholders have questioned Minister of Finance Ken Ofori-Atta and the government’s decision to drag them back to participate in the Domestic Debt Exchange Program (DDEP) which was closed on February 13th February 2023 describing it as irregular.

“We believe that the inclusion of category B Holders (Pensioners) in the invitation is irregular; Pensioners and Bondholders Forum said this in a statement.

The statement comes after the Ministry of Finance in a Press Release dated 13th September, 2023 announced the reopening of the Domestic Debt Exchange to give holders who could not participate in an opportunity to tender including Pensioners and Bondholders.

However, in the press statement copied to the media, the Pensioners and Bondholders Forum categorically stated that they were exempted from the DDEP on February 16, 2023.

According to Dr Adu A. Antwi, one of their coupons is due and payable as of today September 18, 2023 hence they expect the government to pay them with no further delay.

“We have three (3) coupons and one Principal that are due and payable today, Monday, 18 September 2023 and expect to receive the payments without any delay. We also expect to receive without any delays, payment of subsequent coupons and principals that will fall due”, the statement said.

Speaking on details of their press statement on Kumasi-based Angel FM, Convener for Pensioners and Bondholders stated that, they will picket again at the Ministry if the government insists and adds them to the DDEP.

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