The Convener of the Individual Bondholders Forum, Senyo Hosi, has pummeled the Finance Ministry, the Ghana Stock Exchange (GSE) and the Securities and Exchange Commission (SEC) over their sad treatment of the financial market.
Talking on the Citi Prime News on Tuesday, March 14, Mr Hosi said the disappointment of the Money Service to respect developed coupon payments and the absence of correspondence to individual bondholders who neglected to buy into the Domestic Debt Exchange Programme is upsetting.
As per him, the Financial Ministry is bit by bit disintegrating the little certainty left in the monetary market.
"We are steadily annihilating our financial market. The entertainers of the area should be dependable. They have a guardian obligation to us as a group and to the state. You can't obliterate the standing of our area basically on the grounds that we are utilized for a brief period and after our legislative issues, we leave and leave ages yet unborn to keep on experiencing their evil way of behaving and sick administration," Mr Hosi told have Vivian Kai Mensah.
Mr Hosi added, "consciously, I, sadly, need to get down on the Securities and Exchange Commission and the Ghana Stock Exchange, who are driven by exceptionally experienced individuals in the area, however some way or another legislative issues disintegrates individuals' obligation to amazing skill, that should stop."
The Alliance of Individual Bondholders on Tuesday gave the Ministry of Finance a 48-hour final proposal to pay all developed head and remarkable coupons due on the current securities gave by the government.
"The coupon and head payments because of Individual Bondholders who quit the Voluntary Domestic Debt Exchange programme have not been paid, regardless of composed public statements confirming the resumption of payments on 13th March 2023.
"We are allowing a 48-hour final offer to the Ministry of Finance to respect its statement to pay all developed head and exceptional coupons due on the current securities gave by the Government of Ghana. We call the Securities and Exchange Commission and the Ghana Stock Exchange to authorize the standards of complete story expected by all guarantors including the Public authority of Ghana.
"We will battle to guarantee the full payment of our monies and the conservation of our Protections Markets
for the group of people yet to come."