The Pensioner Bondholders Forum has communicated disillusionment over government's inability to pay out developed coupons to financial backers who didn't delicate their securities under the Domestic Debt Exchange Programme.
This is the second time the government has neglected to pay coupons that developed between February 6 and 20.
In a meeting with the Media, Dr. Adu Anane Antwi, Convenor of Retired person Bondholders, expressed that it ultimately depends on the government to contact the gatherings with explanations behind defaulting.
"The financial markets sectors rely upon information and in the event that the guarantor can't pay, the backer should emerge and tell the market why. This is the second time the guarantor has been not able to pay and anticipates that individuals should request replies. That isn't the manner by which we ought to run our financial markets. The proper thing the backer should do is to make a declaration to quiet financial backers. However, there is no word. This market flourishes with information, so they ought to let us know happening other than keeping information since that isn't correct.
He likewise expressed that his group would meet with the leftover individual bondholders to decide the following game-plan.
"Presently, we are every one of the a gathering whose bonds should be overhauled on the grounds that we were guaranteed. Since we haven't gotten any installment, we will meet to take a choice on what to do straightaway", Dr. Anane Antwi said.
The government promised to pay developed coupons and head of old bonds starting March 13, 2023, in the wake of reneging on commitment of paying coupons developed on February 6-20, 2023.
This followed the end of the Domestic Debt Exchange Programme (DDEP).
Considering this, the government among others reported that, "in satisfaction of the affirmation given by Government to bondholders who didn't delicate, the Service is finding a way regulatory ways to guarantee that installments of coupons and chiefs of the old bonds continue by 13th March 2023".
The Finance Ministry in a statement on February 27, 2023, explained f that new securities settled and recorded will turn into the new benchmark securities.
An coalition of Individual bondholders bunches comprised of the beneficiary Bondholders Forum, the individual Bondholders Association of Ghana and the Individual Bondholders Forum prior called the Finance Minister to demand the payment of developed securities that were not offered under the DDEP.The Pensioner Bondholders Forum has communicated disillusionment over government's inability to pay out developed coupons to financial backers who didn't delicate their securities under the Domestic Debt Exchange Programme.
This is the second time the government has neglected to pay coupons that developed between February 6 and 20.
In a meeting with the Media, Dr. Adu Anane Antwi, Convenor of Retired person Bondholders, expressed that it ultimately depends on the government to contact the gatherings with explanations behind defaulting.
"The financial markets sectors rely upon information and in the event that the guarantor can't pay, the backer should emerge and tell the market why. This is the second time the guarantor has been not able to pay and anticipates that individuals should request replies. That isn't the manner by which we ought to run our financial markets. The proper thing the backer should do is to make a declaration to quiet financial backers. However, there is no word. This market flourishes with information, so they ought to let us know happening other than keeping information since that isn't correct."
He likewise expressed that his group would meet with the leftover individual bondholders to decide the following game-plan.
"Presently, we are every one of the a gathering whose bonds should be overhauled on the grounds that we were guaranteed. Since we haven't gotten any installment, we will meet to take a choice on what to do straightaway", Dr. Anane Antwi said.
The government promised to pay developed coupons and head of old bonds starting March 13, 2023, in the wake of reneging on commitment of paying coupons developed on February 6-20, 2023.
This followed the end of the Domestic Debt Exchange Programme (DDEP).
Considering this, the government among others reported that, "in satisfaction of the affirmation given by Government to bondholders who didn't delicate, the Service is finding a way regulatory ways to guarantee that installments of coupons and chiefs of the old bonds continue by 13th March 2023".
The Finance Ministry in a statement on February 27, 2023, explained f that new securities settled and recorded will turn into the new benchmark securities.
An coalition of Individual bondholders bunches comprised of the beneficiary Bondholders Forum, the individual Bondholders Association of Ghana and the Individual Bondholders Forum prior called the Finance Minister to demand the payment of developed securities that were not offered under the DDEP.