The Ghana Individual Bondholders’ Forum has once again advised persons with collective investment schemes not to sign up for the Domestic Debt Exchange (DDE).
The deadline for the expiration for persons to voluntarily sign up for the programme ends today, January 31, 2023.
The individual bondholders have requested to be exampted from the programme.
Their argument remains the move will deprive them.of their livelihood.
The individual bondholders have also argued that with the set target of 80% of eligible bonds, Individual Bondholders are not critical for the programme.
The bondholders have therefore suggested to the government to make fiscal adjustments including the divestiture of loss-making, defunct and troubled 17 State–own enterprises.
In it’s latest statement, the bondholders said it was yet to receive the revised proposal for consideration and evaluation.
The statement also reminded bondholders that;
1. If you intend to optimise your investments, maintain your superior original/old bonds. Hence, do not sign up to the DDE.
2. Do not harbour any form of fear of being punished for rejecting the DDE. The law is in your favour and the Minister of Finance has been categorical in affirming your right by stating that he will honour obligations under the old bonds and will not undertake any action to punish individuals who reject the DDE.
3. If you feel compelled to support the DDE programme for other reasons, please, do not hesitate to sign on to the DDE.
4. To support the turnaround of the economy, we encourage all not to lose confidence in Ghana’s financial system. The continuous investments and savings of everyone is required to spur the growth of our economy.
5. We urge every citizen to file their taxes and honestly pay up all obligations due. We all owe it to Mother Ghana to make things work.
By: Rainbowradioonline.com/Ghana
