The former Chief
Justice first joined the bondholders on Friday leading to varied reactions
among Ghanaians and NPP stalwarts.
She threatened
to sue the government if their pension funds are included in the debt exchange
programme.
Leading NPP
member of the NPP Gabby Otchere-Darko in a tweet stated that he does not get
the “fuss” the former Chief Justice Sophia Akuffo made over the inclusion of
pensioners in the Domestic Debt Exchange Programme.
“Why picket over
an offer that you have the liberty not to accept?” he quizzed.
Government on
Tuesday, February 14, said the Domestic Debt Exchange Program (DDEP) officially
closed on Friday, February 10, 2023, with over 80% participation of eligible
bonds.
This was
announced in a statement issued by the Finance Ministry on Tuesday, February 14,
2023.
The government
in the statement thanked the people of Ghana for their “forbearance and support
throughout these very difficult times”.
It also assured
bondholders who did not sign up for the programme that it will honour its
financial obligations to them.
“We would like
to stress that, all Individual bondholders, especially our Senior Citizens,
should rest assured that their coupon payments and maturing principals, like
all Government bonds, will be honoured in line with Government’s Fiscal
commitments.”
The government
has proposed a 15% coupon rate, but the retirees have stated that they will not
accept any haircuts on their investments as their livelihoods depend on the
proceeds from these investments
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