Ghana. ‘We don’t have time to go to court, we’ll picket MoF some more’ – Pension bondholders threaten
Pensioners who bought government bonds and have not been paid their coupons have threatened to picket the Ministry of Finance some more if they are not paid in 48 hours.
“We have our options, plenty of them, including the picketing, so, when it comes that we have to repeat, we’ll repeat”, the group’s convener, Dr. Adu Anane Antwi, told Valentina Ofori-Afriyie on Class91.3FM’s mid-day news programme 12 Live.
Asked if the options included going to court, Dr. Anane Antwi said: “No, we won’t go to court; we don’t have time to go to court.”
Responding to whether Ghanaians should expect more picketing from them, Dr Adu Anane Antwi said: “Yes, if that’s what the minister wants to see”.
A prominent member of that group is former Chief Justice Sophia Akuffo, who joined earlier picketings twice during the domestic debt restructuring programme.
Meanwhile, a group of individual bondholders has also expressed disappointment with the government’s failure to honour matured bonds for the third time, as promised by the finance minister, Ken Ofori-Atta, on February 15th, 2023.
The minister assured these bondholders who opted out of the government’s Domestic Debt Exchange Programme of its commitment to have their coupons paid to them after two previous failed dates.
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