NationalTop story

DDE: Urgently review decision on Individual bondholders – Annoh-Dompreh

DDE: Urgently review decision on Individual bondholders – Annoh-Dompreh

The New Patriotic Party Member of Parliament for Nsawam-Adoagyiri, Frank Annoh-Dompreh, has called on the Finance Minister, Ken Ofori-Atta to as a matter of urgency review his decision on the inclusion of individual bondholders in the domestic debt exchange programme.

In a tweet on Saturday, January 14, the Majority Chip Whip described the decision by Ken Ofori-Atta as “unfair” and “untenable” adding that he disagrees with the inclusion of individual bondholders.

The Ghana Individual Bondholder’s Forum on Friday petitioned Ofori-Atta to exclude its members from the government’s domestic debt exchange programme.

The forum is one of the groups vehemently kicking against the government’s decision to give individual bondholders a haircut under the debt restructuring initiative.

The forum which consists of persons holding investments in the Government of Ghana’s Local Cedi Bonds, the Government of Ghana’s Local USD Bonds, ESLA PLC Bonds, Daakye Bonds, Ghana Eurobonds, and Collective investment schemes with investments in the above securities said the announcement of the programme “has been extremely unsettling and catastrophic for our membership” and demand that they be excluded.

“Since the commencement of considerations and discussions on the government’s debt restructuring in the second half of 2022, Individual Bondholders have not been engaged in the process. This is at variance with the contractual principles of good faith, fairness and best practices.”

Filasco News

Filasco DeGeneral: Broadcast journalist: #0245405110# for your publications. GOD is my helper💯

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button