Bright Simmons

Debt Exchange: 3 Groups Representing Individual Bondholders To File Legal Suits Against Government – Bright Simons

Debt Exchange: 3 Groups Representing Individual Bondholders To File Legal Suits Against Government – Bright Simons

Vice President of IMANI Ghana, Bright Simons, has revealed that three groups representing individual bondholders have commenced mobilisation to file legal suits against the government for including individual bondholders in the Debt Exchange Programme. According to him, one of such groups is led by a former boss of the Securities and Exchange Commission (SEC). The Finance Ministry had earlier cautioned individual holders of eligible bonds who refuse to take the Amended and Restated Exchange Memorandum under the Debt Exchange Programme provided by the State that they will find it difficult to obtain a judgement against the Government of Ghana. Under…
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