Pensioner bondholders picket at Finance Ministry again over DDEP

Members of the Pensioner Bondholders Forum on Monday, February 13, returned to the Finance Ministry to picket for the 6th day to demand a total exemption of their investments from the Domestic Debt Exchange programme.

The government has proposed a 15% coupon rate, but the retirees have stated that they will not accept any haircuts on their investments as their livelihoods depend on the proceeds from these investments.

The bondholders were on Friday joined by the former Chief Justice, Sophia Akuffo who threatened to sue the government if their pension funds are included in the debt exchange programme.

The government extended the window for bondholders to complete tender processes as part of the controversial domestic debt exchange programme.

The deadline for signing up for the programme expired on Friday, February 10, 2023.

The Pensioner bondholders who have been demanding exemption from the government’s ongoing Domestic debt exchange programme on Monday said they are optimistic that government will eventually exempt their investments from the fund.

The retiree investors have been picketing at the Finance Ministry since February 6 to demand this exemption.

Source: citinewsroom

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