Pensioner Bondholders

Pensioner bondholders in Ghana have expressed cautious optimism following the government’s commitment to honouring coupon payments, marking the first instalment under the new administration. Speaking on Joy News’ PM Express on Monday, February 17, Dr. Adu Anane Antwi, Convener of the Pensioner Bondholders Forum, affirmed that forum members welcome the adherence to the agreed payment schedule. Dr. Antwi, the former Director-General of the Securities and Exchange Commission (SEC), explained that the settlement dates for payments follow a six-month cycle. “A settlement day was February 17, meaning six months down the line, the affairs agreement was due, and that has now…

Pensioner bondholders have stated that their coupons are scheduled for payment every Monday. Consequently, they anticipate that each due coupon will be paid no later than Wednesday of the same week. The convener of the pension bondholders group, Dr Adu Anane Antwi, informed Valentina Ofori-Afriyie during Class91.3FM's mid-day news programme, 12 Live, on Wednesday, 21 June 2023: "We have already informed the government that whenever a coupon is due—coupons are always due on Monday—on that Monday, they would not say anything; on Tuesday, they would not say anything; but if, by the end of Wednesday, we have not received anything,…

The Pensioner Bondholders Forum have served notice to resume their picket at the Finance Ministry from Thursday, June 1, 2023, after government failed to honour its latest promise to pay their matured coupons and principals. According to a statement from the group signed by convener Dr Adu Anane Antwi, the group will picket Thursdays and Fridays to push for the payments. The group said as of Monday, May 29, 2023, there remained four outstanding coupons and four outstanding principals to be paid by the Ministry. The first principal has been outstanding for 98 days, the second for 84 days, the…

The Pensioner Bondholders Forum (PBF) have hinted that they will not sue government due to the constant delays in payment of the outstanding coupons and principals of members. Convener of the Forum, Dr Adu Anane Antwi, said a decision to head to court will rather compound their woes in their bid to receive their outstanding payments. Speaking with journalists on the second day of the Forum’s picketing at the Finance Ministry, Dr Antwi said government must rather deliver on its resolve to pay the pensioners their outstanding coupons and principals. “We will not go to court because you cannot wait…