A former Chief Justice, Sophia Akuffo, participated in a picket at the Finance Ministry on Friday, February 10.
Members of the Pensioner Bondholders Forum are picketing outside the Finance Ministry for the fifth time in a row to demand that their investments be completely exempt from the Domestic Debt Exchange programme.
A group of about 50 retirees says they will not accept any haircuts on their investments because the proceeds from these investments are essential to their means of subsistence. The government has proposed a 15% coupon rate.
The only term we comprehend right now is a total exemption, one pensioner bondholder told Citi News. They disallowed pension funds, so the retirees will come back and picket once more.
“I will come and sleep here because the investments I made are what I used to pay for my drugs”, another added.
The government’s extended window for bondholders to complete tender processes as part of the contentious Domestic Debt Exchange Programme (DDEP) expires today, February 10, 2023.
The extension from the February 7 deadline was intended to provide a window for bondholders who encountered technical difficulties to complete the online processes for tendering their bonds.
The Ministry of Finance says it is receiving the necessary response from various stakeholders and individuals after opening a three-day administrative window.
