Coalition of Individual Bondholders to picket at Ministry of Finance over unpaid matured bonds

The Coalition of Individual Bondholders Group has announced their intention to picket at the Ministry of Finance.

The groups, comprising the Ghana Individual Bondholders Forum and the Individual Bondholders Association of Ghana, expressed their frustration, stating that the government has failed to fulfill a previously agreed-upon Memorandum of Understanding (MoU) outlining the payment plan.

Speaking to in an interview, Senyo Hosi, the Convener for the Ghana Individual Bondholders Forum, expressed disappointment over the government’s disregard for their plight and lack of commitment to addressing their concerns.

He emphasized the long-standing neglect of their cooperation by the authorities, which has ultimately pushed them to resort to the decision to protest.

“Many people have lost their jobs from the banking crisis to all the challenges of the economic downturn. People have to live on their savings and access their savings. The place that was supposed to be the safest, today has turned out to be otherwise. A state that was supposed to pursue the interest of its people cannot neglect the interest of its people the way government is currently handling affairs.”

“The most painful part in all this is that, despite cooperation we have had, sometimes communication to tell us where we are, has been found wanting. We had petitioned the President for the Ministry of Finance to act, we have been so reasonable and cooperative, we have not been out there screaming and shouting since we decided to sit at the table with the government. We have brought our technical expertise to bear. But we are being paid back with insensitive interventions from the government,” Senyo Hosi complained.