Pensioner bondholders have given notice that if the finance minister does not accept their request for a larger stakeholder engagement, they will assemble at the Ministry of Finance on January 23, 2023.

A petition to keep them out of the program and secure their pensions was addressed to the finance minister, according to the forum, which was run by Dr. Adu A. Antwi, but all attempts to get in touch with him have been futile.

He claims that the ministry is coming together to express their discontent with being included in the debt exchange program.

He noted that the pensioners still maintain their stance on their exclusion from the programme despite the deadline of January 16, 2023.

Meanwhile, the deadline has been extended by the governemnt to January 31, 2023 for broader stakeholder consensus to be made.

On January 16, 2023, the finance minister announced, “Building consensus is key to a successful economic recovery for Ghana. Pending further stakeholder engagement with institutional and individual investors recently invited to join the debt exchange programme, the government is extending the DDE expiration to Jan 31, 2023.”

The government announced the inclusion of individual bondholders in the debt exchange programme. But the bondholders have noted that this will not be in their best interest and may lead to a depletion of their investments.

Pensioner Bondholders to converge at Ministry of Finance on January 23