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.


Joyceline Natally Cudjoe

An Entertainment Columnist, Content Writer, Blogger, Novelist, Poet, and a Publicist. For business or story tip off, contact me on +233 24 646 6866 or email: [email protected]

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