The government's attempt to pressure bondholders into accepting a subpar offer through the Domestic Debt Exchange Program (DDEP) has been classified as worrying by investment advisor Harry Yamason.

Speaking on Starr Today with Joshua Kodjo Mensah, Mr. Yamson attacked ministers and government communicators for sending bondholders a signal of uncertainty.

He further noted that it will only require purposeful action by the government and the CST to render their bonds untradeable.

“The government is demanding that the current bondholders surrender their bonds, their rights, their incomes to exchange for very inferior products and a very inferior offer. With no legal guarantees and is suggesting through its spokesperson and Ministers that the value will be destroyed, and tradability will not be one of the value benefits that will accrue any longer.

“I think this is very unfortunate for the government to be promoting these narratives. The bonds as they currently exist are tradable instruments. There is actually no reason for them not to be tradable going forward. There is no legal reason for the bonds not to be tradable,” Mr. Yamson stated.

He continued: “If the offer by the government is so superior then the government should not be worried about what decisions individuals take as to whether to sell or buy the old bonds. The matter should be left to individuals and the government should not intervene.”

Meanwhile, Minority Leader, Cassiel Ato Forson has assured Pensioner Bondholders and others that parliament will move swiftly to address the burning issues related to the ongoing domestic debt exchange program.

Pensioner Bondholders’ meeting with Finance Minister Ken Ofori-Atta on Friday, February 10, 2023, ended inconclusively as the government insists the retirees should consider voluntary exemption.

In a tweet, the leader of the opposition frontbench said the Finance Minister, Ken Ofori-Atta is billed to appear before the House to deal with the concerns of investors in the debt restructuring programme.

“It is disheartening to see our dear pensioners including a former Chief Justice picketing at the MOF over the domestic debt restructuring. I wish to assure her & the rest; parliament is dragging the Finance Minister before us next week and we will represent their interest fully!” a tweet by Ato Forson said.