Pensioner
bondholders who did not sign onto the Domestic Debt Exchange Programme have
been officially exempted from the programme.
The Finance
Minister, Ken Ofori Atta disclosed this in Parliament while addressing the house
on the state of the Domestic Debt Exchange Programme.
“Government
remains committed to the wellbeing of our senior citizens. It has caused me
great distress that a number of them have picketed at the premises of the
Finance Ministry since Monday, I have said that government will honour their
coupons…all pensioners who didn’t participate in the debt exchange are
exempted.”
The Minister
also noted that the government will honour coupons, payments and maturing
principals due the pensioners.
The Pensioner
bondholders have been picketing at the premises of the Finance Ministry since
Monday February 6, 2023 in demand for an exemption from the DDEP.
The Minister
also expressed optimism of a stability in the inflation, interest and exchange
rates with the conclusion of the Domestic Debt Exchange Program to offer relief
to businesses.
SOURCE: CITIBUSINESS
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