The Coalition of Individual Bondholders has given the government a 48-hour ultimatum to pay all matured principal and outstanding coupons due on their existing bonds.
The Coalition describes government’s reluctance as ‘loud silence’ as their principal and outstanding coupons mature.
The Coalition said the coupon and principal payments due to Individual Bondholders who opted out of the Voluntary Domestic Debt Exchange programme (DDEP) have not been paid despite written press releases confirming the resumption of payments on 13th March 2023.
“The umbrella regulator of the Securities markets – Securities and Exchange Commission (SEC), Ghana – charged with a mandate to protect investors and market integrity have also maintained a loud silence throughout this period on the plight of Individual Bondholders . The Ghana Fixed Income Market of the Ghana Stock Exchange, where the old Government of Ghana bonds are listed and traded has also not enforced its basic rules of disclosure required by issuers. More loud silence.
Attached is the full statement from the Coalition
Source: Myxyzonline.com
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