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.