individual bondholders

The Ministry of Finance has announced that it has settled all the outstanding arrears on coupons and principals of individual bondholders up until 19th June. This comes at a time the bondholders had threatened to picket at the Finance Ministry today Tuesday, July 11  to demand the payment of outstanding principals and coupons. They had accused the government of failing to honor the agreed payment plan outlined in the Memorandum of Understanding (MoU) signed with the Coalition of Individual Bondholders Groups (CIBG) The Ministry of Finance in a statement issued on Monday, July 10 said “The Ministry of Finance takes…

The Coalition of Individual Bondholders groups have revealed plans to begin to picketing the Ministry of Finance (MoF) from July 11, 2023 to demand payment of outstanding principals and coupons owed to them by the government of Ghana. According to the coalition, payment of some bonds has been in default for over 100 days, and it has been over 50 days since agreeing on terms captured in the MoU signed on May 16, 2023 with no implementation undertaken nor official communication on a way forward. In a joint statement signed by the Convener of Individual Bondholders Forum, Senyo Hosi, and…