Expect payments within 48 hours – Gov’t to aggrieved bondholders
- Posted on
- Comment
Government has assured bondholders who did not subscribe to the Domestic Debt Exchange Programme (DDEP) that processes have begun to “settle payments on outstanding bonds”.
A statement issued by the Ministry of Finance on Tuesday, March 14 said the processes began on Monday, March 13.
The assurance comes after the aggrieved bondholders raised concerns about the non-payment of matured coupons and principals on the set date despite earlier assurances given in the aftermath of the Programme.
But the Finance Ministry said: “The initial instruction covers coupon and principal payments on bonds that matured on 6th February, 2023 and 13th February, 2023.
“Holders of the afore-listed bonds should therefore expect to receive their payments within the next 48 hours.”
It further assured that payment dates for subsequent maturities will be communicated in due course “as processing continues”.
It expressed gratitude to all stakeholders for “their forbearance during the Domestic Debt Exchange Programme (DDEP) and subsequent administrative processes”.
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
View all posts by: Nana Kwesi Coomson
(Selorm) | 
(Nana Kwesi)