The Pensioner Bondholders Forum has given the government until Friday, May 19, to pay all outstanding coupons as agreed.
Following several days of protest, the government pledged to begin payment on Monday, however Citi Business News checks show that members of the group are yet to be paid.
They anticipate that all of the 17 matured coupons will be paid by the end of the week.
In an interview with Citi Business News, Dr. Adu Anane Antwi, convenor of the Pensioner Bondholders Forum, encouraged the government to keep its promise and make payments.
“We are waiting until Friday, May 19 to make payments. We are hoping the money will hit our account if the instruction has been made. It was agreed that everything will be paid that is why we are not picketing, so we have up to Friday.”
Dr. Adu Anane Antwi went on to say that the government must pay interest on the unpaid principal.
“For the Principals, we will be demanding interest. We have spoken to government about it for negotiations”, he added.
Members of the Forum had been picketing at the Ministry for five consecutive days which prompted a meeting between the parties and an arrangement to pay the outstanding coupons and principals commencing May 15.
At the instance of the Minister of State at the Finance Ministry, Dr. Adam Amin, a meeting was convened on Friday, May 12, where government assured the pensioners to pay all outstanding coupons while discussions surrounding principal payments continue.
The Forum in a statement however indicated that should the Ministry renege on any of the points of the agreement, its members shall resume picketing.