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    BoG Act needs clarity, improvement for easy implementation – Governor

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    BoG Act needs clarity, improvement for easy implementation – Governor

    Don’t shortchange customers; use standardized measurements – Traders told

    We’re ready to provide liquidity support to banks – BoG reiterates

    Utility tariff increase will cripple businesses – AGI

    GRA arrests 3 shop owners for not issuing VAT invoices

    GNPC-PetroSA deal: Freddie Blay threatens to sue CSOs

    Mahama speaks at 2023 Korea Africa Business Summit

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    BoG Act needs clarity, improvement for easy implementation – Governor

    Utility tariff increase will cripple businesses – AGI

    GRA arrests 3 shop owners for not issuing VAT invoices

    GNPC-PetroSA deal: Freddie Blay threatens to sue CSOs

    Chinese involvement in Ghana’s economy not problematic – Nana Addo

    Ghana Association of Banks welcomes provisions for recapitalization

    BoG commissions Financial Industry Command Security Operations Centre

    GSA to clamp down on sub-standard cables, electrical products dealers

    GNPC hasn’t signed any deal with PetroSA – Freddie Blay clarifies

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    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

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    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

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Pensioner bondholders to picket again from May 29 over unpaid coupons

bycitibusinessnews
May 24, 2023
in Business, Top Stories
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The Pensioner Bondholders Forum has hinted of another round of picketing at the Finance Ministry to demand the payment of matured coupons.

According to the group, the Finance Ministry is yet to pay matured coupons for May15 and subsequent maturities.

Members of the Forum suspended its picketing on May 12 after it had a meeting with the Finance Ministry to have all outstanding coupons paid.

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However, after weeks of waiting to engage with the Finance Ministry to draw a payment roadmap, the Pensioner Bondholders say nothing has been heard.

Speaking to Citi Business News, Convener of the Pensioner Bondholders Forum, Dr. Adu Anane Antwi said members of the group will be back at the Finance Ministry beginning May 29.

“Another coupon has matured, if government doesn’t do anything this time around, we are going to picket and this time around, when we resume, we are not going to listen to any promises.”

Members of the Forum have been picketing to push for an arrangement to get their outstanding coupons and principals paid.

They have indicated that should the Ministry renege on any of the points of the agreement, members shall resume picketing.

“Government started paying the coupons up to May 8. It is left with that of May 15 hanging even though the agreement was that we will receive all payments due May 15. But that hasn’t been paid and government has not told us anything.  We were to meet with government to take a decision on the principals that have been due till that date, but we didn’t hear anything”, the Convenor lamented.

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