Members of the Pensioner Bondholders Forum returned to the Finance Ministry on Monday, February 13, to picket for the sixth day in a row, demanding that their investments be completely exempted from the Domestic Debt Exchange programme.
The government has suggested a 15% coupon rate, but retirees have said they won’t accept any haircuts on their investments because they rely on the income from these investments for their livelihoods.
Sophia Akuffo, a former chief justice who threatened to sue the government if their pension funds are included in the debt exchange program, joined the bondholders on Friday.
In the contentious domestic debt exchange program, the government extended the deadline for bondholders to finish tender procedures.
The deadline for signing up for the programme expired on Friday, February 10, 2023.
The holders of pensioner bonds, who have been petitioning the government for exemption from the ongoing domestic debt exchange program, expressed optimism on Monday that the government would eventually exempt their investments from the fund.
The Finance Ministry has been the site of a picket by retiree investors since February 6 in protest of this exemption.
