A organization for the protection of retirees with investments in government bonds, led by Finance Minister Ken Ofori-Atta Pensioner Bondholders Forum, has been given notice to picket outside the Finance Ministry’s offices until its members are exempt from the Domestic Debt Exchange Program (DDEP).
The group claims that attempts to have their investment excused from the program have failed, which is why they have decided to picket outside the Finance Ministry until their requests are granted.
“On 10 January 2023, we submitted a petition to the Minister of Finance to exempt all pensioners holding Government Bonds from the Domestic Debt Exchange Programme on the same basis used for the exemption of Pension Funds from the programme, as the impact of the programme on pensioners who are bondholders will be very severe.
“We have as of today not been granted the exemption we requested. To further press home our request, we have notified the Police that about 50 of our members intend to converge at the premises of the Ministry of Finance on every working day from 10 am-11 am, beginning from Monday 6th February 2023 till our request is granted by the Minister.”
The deadline for the government’s Domestic Debt Exchange Programme has been set for Tuesday, February 7, 2023.