Pensioner bondholders reject new DDEP

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The government’s newly announced Domestic Debt Exchange Programme (DDEP) has been rejected by the Pensioner Bondholders Forum’s members.

In a press release on September 13, 2023, the government of Ghana announced the reopening of its domestic debt exchange program for holders and investors who failed to sign up in February. This was opened, but not limited to  ESLA Plc and Daakye Trust Plc bonds. The government urged all eligible domestic bondholders to participate in the renewed programme.

However, members of the Pensioner Bondholders Forum will not be participating in the new Domestic Debt Exchange Program, according to the forum’s leader, Dr. Anane Antwi. This comes off in an address to the media on Monday, September 18, explaining that pensioners are awaiting the maturity of their bonds and will not be participating in any new programme.

Therefore, Dr. Anane Antwi gave notice that if the government fails to pay its dividends, they will protest from Monday.

SOURCE: 3 NEWS ONLINE