Pensioner Bondholders Give Government Two-Week Deadline to Honour Coupon Rates

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Pensioner bondholders, who were not part of the government’s Domestic Debt Exchange Programme (DDEP), have set a two-week deadline for the government to pay the coupon rates on their matured bonds. These bondholders claim that the government has defaulted on the payment of their yields.

The Finance Ministry had promised to honour coupon rates on matured bonds held by those who did not participate in the DDEP. However, some bondholders have reported that they have not received payment of coupons and principals on their investments.

Dr Adu Anane Antwi, the Convener of the Pensioner Bondholders Forum and a former Director-General of the Securities and Exchange Commission, expressed disappointment in the government’s failure to keep its promise. He emphasized that affected persons will resume picketing if the government fails to honour their claim.

“We think that we will not allow it to continue, and that’s why we are saying if by the 21st all these anomalies are not resolved for us to return to normalcy and get our coupons and principals as and when they are due, then we will resume our picketing,” he added.

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