Charters Forensic Accountant, Awuni Akyireba, has declared that individual bond holders are likely to lose about 48 percent of their investment due to the commencement of government’s debt restructuring.
According to the accountant who spoke with Kwabena Don Prah on Happy 98.9 FM’s Epa hoa Daben show, bond holders who would not succumb to the policy, “would lose about 48% of their interest evaluation and would not get interest this year”
“You would receive your money in 2032 if you touch the policy. Gov’t has already lost a lot of money, so if you touch it, you won’t receive your money at all,” he added.
Individual bondholders have been asking government to completely exempt them from the programme and find money in the 2023 budget through expenditure cuts to pay them.
A joint committee was established by government as part of continuous engagements with domestic creditors to sign unto the debt exchange programme.
He further urged individual bond holders to unite and plead with government to exempt them from the policy.
By: Miriam Akuetteh