A member of the Individual Bondholders forum, Senyo Hosi has said it is irrational for the government to be stealing the savings of the poor man and make life unbearable.
“What is most irrational is for [government] to take the poor man’s money and sit on it and still be driving your V8, flying in business class, keeping a large government, that is what is irrational, that is what is unjust, that is not what is responsible.
“When the person trusted you with his mandate to improve his life and you make life unbearable for them and go ahead and steal his savings, that is what is irrational,” he told 3business in an interview on Monday July 10 at 7PM while touching on the planned picketing by the individual bondholder’s forum which has since been suspended following the announcement by the Finance Ministry at 11:30 PM Monday that the arrears on coupons and principals have been paid.
The bondholders had threatened to picket at the Finance Ministry today Monday, July 11 to demand the payment of outstanding principals and coupons after they accused the government of failing to honor the agreed payment plan outlined in the Memorandum of Understanding (MoU) signed with the Coalition of Individual Bondholders Groups (CIBG).
But the plan has been suspended following the statement issued by the Finance Ministry that the arrears have been paid.
The Ministry of Finance has announced that it has settled all the outstanding arrears on coupons and principals of individual bondholders up until 19th June.
The Ministry of Finance in a statement issued on Monday, July 10 said “The Ministry of Finance takes this opportunity to thank all bondholders for their continuous support during this period of tight liquidity.
“Government is confident that in working with all stakeholders, we shall restore macroeconomic stability, achieve inclusive economic growth, and transform the Republic”, the statement added.
