The Pensioner Bondholders Forum is urging the government to fully comply with the payment of all future coupons and matured principals on time.
The Forum claims that it’s members are extremely disappointed in the Ministry of Finance for failing to make timely payments of coupons and matured principals to pensioner bondholders who opted out of DDEP.
In a press release dated March 20, 2023 the Convener for the Forum, Dr. Adu A. Antwi, FCA, Esq stated that, “We however, wish to state that, as much as we recognize the efforts of the Government to pay all outstanding coupons and principals of the old bonds, we reiterate that pensioners were exempted from the DDEP, and consequently must always be paid their coupons and principals on due dates without delay, and in the same manner as was done prior to the DDEP.
“We are therefore requesting the Ministry to take immediate steps to pay pensioners all their outstanding coupons and matured principals as at 20th March 2023, and pay all subsequent coupons and matured principals religiously on due dates, as the market dictates for bonds exempted from the DDEP. Naturally, our membership is deeply disappointed by the Ministry’s failure to pay coupons and matured principals of pensioner bondholders exempted from the DDEP on the due dates and in the same manner payments were made prior to the DDEP, an obligation of which the Ministry has made very formal public promises and assurances to comply with. Consequently, we look forward to the rectification of this anomalous situation by the Ministry as a matter of urgency.”
Attached is the full statement from the Pensioner Bondholders Forum