The coalition of Individual Bondholders Forum has petitioned President Nana Addo Dankwa Akufo-Addo over the non-payment of matured bonds that were not tendered under the Domestic Debt Exchange Programme.
In a petition, the Coalition made up of the Ghana Individual Bondholders Forum and the Individual Bondholders Association of Ghana expressed sadness that despite several assurances by the government, it had failed to honour the payment of the matured bonds totalling 1 billion cedis.
“We are saddened to have to resort to petitioning you for a resolution to the continuous non-payment
of old bonds due. Your Excellency, you have been categorical in your assurances of payment to
individuals who opted to trust your government and invest in its bonds.
“Unfortunately, contrary to your professed honourable position, Government has since the completion of the Domestic Debt Exchange programme (DDEP) failed to honour five (5) out of eight (8) payments due under the old bonds totalling about GHS1bn for individual bondholders.”
Click here to read the full statement:
Petition-to-the-President-Non-Payment-of-Bonds
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