Bondholders bare teeth at government

Finance Minister, Ken Ofori Atta

The Pensioner Bondholders Forum has accused the government of prioritising other issues over the payment of their matured coupons.

According to the Pensioner bondholders, the government is not being fair to them.

Speaking in an interview with TV3, the convener of the Pensioner Bondholders Forum, Dr. Adu Anane Antwi said they have taken the issue to the Commission of Human Rights And Administrative Justice (CHRAJ) for redress.

“Once you haven’t returned the principal, we are asking for payment of the interest. Government says he cannot pay the interest. We have said that if Government doesn’t want to do that, we want it to be done so we have decided to have an arbiter. So, we have suggested to submit the matter to CHRAJ for CHRAJ to determine if we qualify to demand the interest or not,” Dr. Anane explained.

Speaking to Alfred Ocansey, TV’s Ghana Tonight on June 8, 2023, Professor Godfred Bopkin, Dean of Business School, University of Cape Coast, said he agrees with the bondholders as it is obvious that although the government claims there is no money, it is undertaking projects that involve huge sums of money.

“The nation should get money and pay these bondholders. We have seen a lot of things going on in this country that shows that if indeed we are in turmoil our finances are so bad, we will not get anything to justifiably commit to these activities. But they are ongoing, we can see them and that tells us that the priority of government is not the priority of these bondholders. So, they should insist and collect their money,” Professor Bopkin said.

Meanwhile, the Pensioner bondholders have resumed picketing at the Ministry of Finance after a closed-door meeting with the Ministry of Finance failed to yield the desired outcome.

By Clara Boadi Konadu


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