President Akufo-Addo is facing criticism after declaring that the government has fully settled all debts under the domestic debt exchange.
In his recent State of the Nation Address (SONA) in Parliament on February 27, he revealed the disbursement of an impressive GH¢5.8 billion to bondholders.
The President highlighted the historic nature of the payment, describing it as the largest coupon disbursed in a single day in Ghana’s history.
Despite this announcement, a faction of domestic bondholders contends that they have not yet received complete payment, including the principal amounts owed.
“On the external debt side, we have achieved a significant milestone by reaching an agreement with our bilateral creditors and I will use this occasion to thank the Republic of China and France, co-chairs of the official creditors committee for their positive roles in this achievement.”
Several bondholders who reached out to JoyNews also reported non-receipt of the promised coupons.
The Convener of the Pensioner Bondholder’s Forum, Dr. Adu Anane Antwi, confirmed that not all investors have received their coupons.
He explained that pensioners and individuals who did not tender their bonds are currently receiving their coupons in a timely manner, as the government honors its obligations.
“Pensioners and all other individuals who did not tender in their bonds are receiving their coupons, these days, as and when these coupons are due, the government pays these coupons. So that’s the only bondholders who still complaining of not getting the coupons are the companies who did not tender their bonus for the exchange.”
However, he pointed out that the companies that did not participate in the exchange are the ones complaining about not receiving their coupons.