IBF

The Individual Bond Holders Association of Ghana (IBHAG) says one of the conveners of its counterpart, Ghana Individual Bondholders’ Forum (IBF) appears to be an appendage of the Ministry of Finance. The Association said Senyo Hosi has been doing the bidding of the Ministry contrary to the collective position of individual bondholders against government’s proposals on domestic debt exchange. The Convener of IBF has been representing individual bondholders at the Joint Technical Committee set up by the Minister of Finance, Ken Ofori-Atta, to consider their grievances in rolling out the Domestic Debt Exchange Programme (DDEP). But a letter to Mr Ofori-Atta on…

The Individual Bondholders Forum (IBF) has proposed some fiscal measures it say can help government save ¢83.5 billion, insisting the Ministry of Finance must not touch their funds. According to the group, government can save ¢20 billion from privatizing selected State Owned Enterprises to Tier-2 pension funds to drive efficiency and productivity. “The measures proposed, per the estimation of the IBF yield net savings of ¢83.5 billion. The IBF holds the position that the recommendations are competent enough to urgently address the fiscal challenges and enable us to reach the desired 55% debt-to-GDP target proposed to the IMF”, a statement…

The Individual Bondholders Forum (IBF) has proposed some fiscal measures it say can help government save ¢83.5 billion, insisting the Ministry of Finance must not touch their funds. According to the group, government can save ¢20 billion from privatizing selected State Owned Enterprises to Tier-2 pension funds to drive efficiency and productivity. “The measures proposed, per the estimation of the IBF yield net savings of ¢83.5 billion. The IBF holds the position that the recommendations are competent enough to urgently address the fiscal challenges and enable us to reach the desired 55% debt-to-GDP target proposed to the IMF”, a statement…