The Convenor of the Pensioner Bondholder Forum, Dr Adu-Anane Antwi, said the group would resume picketing at the Finance Ministry on Friday, April 28, 2023, if all bonds and principals are not paid.
Dr Antwi stated in an interview that some pensioners are facing financial hardship due to the government’s delay in the payment of coupons.
The Ministry of Finance has therefore been granted a week’s ultimatum for the payment of all outstanding coupons and principals.
According to him, the government promised to honour the payment of pensioners’ bonds upon maturity but for the past two months and over some of them are yet to be paid.
“These are coupons and principals that are due to be paid to bondholders who did not tend in their binds under the DDEP i.e.the pensioners who were exempted and the individual bondholders who also didn’t tender their bonds.
They were promised to be paid when it was due. Now, here we are these are overdue. Some of them the first one which the principal is overdue for more than two months, and so that is what we are facing.
All these coupons have not been paid, and three principals have matured, and have not been paid. That is the current situation we are facing.
This is what we have said, if the government doesn’t pay us by Friday, April 28, pensioners will start picketing at the Ministry of Finance,” Mr Adu Anane said.
