Govt settles all outstanding arrears owed bondholders— Ministry of Finance confirms

Govt settles all outstanding arrears owed bondholders— Ministry of Finance confirms

In a demonstration of its dedication to honouring the agreement between itself and the Coalition of Individual Bondholder Groups (CIBG), the Min­istry of Finance has announced the complete payment of all outstand­ing coupons and principal amounts up until June 19, 2023.

Also, instructions have been is­sued by the Ministry for the timely settlement of coupons due until July 10, 2023.

In a statement issued by the Ministry in Accra yesterday, it reit­erated its commitment to maintain­ing open and constructive engage­ment with the CIBG leadership, affirming its determination to fully implement the terms outlined in the MoU of May 16, 2023.

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The statement said the Minis­tryacknowledged the unwavering support of bondholders during “this period of financial strain, ex­pressing gratitude and highlighting the crucial role played by stake­holders in restoring macroeco­nomic stability, fostering inclusive economic growth, and transform­ing the nation.”

In response to the govern­ment’s gesture, the Individual Bondholders’ Forum (IBF) and the Individual Bondholders’ Associ­ation of Ghana (IBHAG) have decided to suspend their planned picketing event, named #Occupy­Finance, scheduled to take place today at the Finance Ministry’s forecourt.

In a joint statement signed and issued by Mr Senyo Hosi, Conve­nor, IBF and Mr Joel Djangma Ak­wetey, Convener IBHAG in Accra yesterday, they acknowledged the latest developments and expressed their cautious optimism.

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“While acknowledging their lingering concerns, the bondhold­ers’ groups have chosen to exercise restraint and exercise extreme self-control, provided that the government continues to fulfill its obligations promptly and remains committed to the terms agreed upon,” the statement said.

Source: www.spotonnews.net