Tag: Pensioner Bondholders
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Pensioner bondholders reject new DDEP; petition Finance Ministry
The Pensioner Bond Holders Forum is resisting attempts by the government, to include them in the next round of the Domestic Debt Exchange Programme (DDEP). The group which was initially excluded from the debt restructuring earlier this year is demanding their removal from the government’s reopened DDEP. Addressing journalists in Accra on Monday, September 18,…
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Pensioner Bondholders continue picketing over unpaid coupons
Members of the Pensioner Bondholders Forum have resumed picketing at the Finance Ministry, intensifying their demand for the payment of six outstanding coupons that remain unpaid. After a temporary two-week suspension of their protest, during which the government fulfilled its promise to settle four principles and matured coupons, the bondholders have reassembled to press for…
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Pensioner Bondholders justify decision to petition CHRAJ over interest
The Convener of the Pensioner Bondholders Forum, Dr. Adu Anane Antwi, has justified the forum’s decision to petition the Commission on Human Rights and Administrative Justice (CHRAJ) over the government’s failure to pay accrued interest on outstanding principal payments. Speaking on Eyewitness News on Citi FM on Thursday, Dr. Antwi said that the government was not treating its citizens…
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Pensioner Bondholders give govt Friday to settle unpaid coupons
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…
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Pensioner Bondholders Forum yet to receive payment of matured coupons
Despite reaching an agreement with the government, members of the Pensioner Bondholders Forum are yet to receive payment for their matured coupons. The bondholders were looking forward to their funds on Monday, May 15, following the suspension of their picketing at the Ministry of Finance after five days. However, checks with the group suggest that…
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We won’t go to court; Pay us our coupons – Pensioner Bondholders
The Pensioner Bondholders Forum has disclosed that it will not sue the government over delays in the payment of outstanding coupons of its members. The disclosure was made on the second day of the Forum’s picketing at the Finance Ministry to put pressure on the government to pay their outstanding coupons and principals on bonds.…
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Pensioner Bondholders to continue protest today at Finance Ministry
Members of the Pensioner Bondholders’ Forum will today May 9, continue their protest to demand payment of their matured coupons and principals on their bonds. Government has defaulted in the payment of 19 coupons and 3 principals since February after granting the pensioners exemption from the Domestic Debt Exchange Programme (DDEP). The group members yesterday…
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We’ll not rest until govt pays us – Pensioner Bondholders
The Pensioner Bondholders Forum has indicated that it will not relent until the outstanding matured coupons of its members are paid. Speaking on Eyewitness News on Citi FM, the convenor of the Forum, Dr. Adu Anane Antwi said all attempts to get the attention of the government to pay their bonds have gone unresponsive which…
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Borrow from Treasury Bills to pay our coupons – Pensioner Bondholders
The Pensioner Bondholders Forum has suggested to the government to borrow from the Treasury Bills market to settle all outstanding coupons and principals on their bonds. The government has failed to pay 19 coupons and three principals since February after exempting the pensioners from the Domestic Debt Exchange programme. Convenor of the group, Dr Adu…
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Pensioners to resume picketing at Finance Ministry over delayed coupon payments
The Pensioner Bondholders Forum will return to the Finance Ministry today, Friday April 28, 2023, to demand that matured coupons and principals of their bonds are paid. The government has failed to meet its obligations to pensioner bondholders who were exempted from the Domestic Debt Exchange Programme (DDEP) and to individual bondholders who did not…