Pensioners to Protest at Finance Ministry over unpaid bonds

Finance Ministry promises to pay Pensioner Bondholders after five day protest

The Finance Ministry will face renewed protests from the Pensioner Bondholders Forum starting from Thursday, June 1, 2023.

The group is unhappy that the government has reneged on its latest promise to settle their overdue coupons and principals. The group’s convener, Dr Adu Anane Antwi, said in a statement that they will stage demonstrations on Thursdays and Fridays until they receive their payments.

The group claims that they are owed four coupons and four principals by the Ministry as of Monday, May 29, 2023. The first principal has been delayed for 98 days, the second for 84 days, the third for 42 days and the fourth was due on Monday (May 29).

See also  MTN Ghana to reward shareholders with GH¢0.124 per share

The group also demands interest on the delayed principals as they have lost the opportunity to reinvest their capital and earn returns. The Bondholders Forum said they have notified the Police about their intention to resume picketing on Thursday, June 1 2023.

Related Articles

Food prices pushed Ghanas inflation rate up to 42.2 in May
  • Business

June 15, 2023

Food prices pushed Ghana’s inflation rate up to 42.2% in May

Ghanas Central Bank Governor signs MoU to end monetary financing
  • Business

June 22, 2023

BoG Governor calls for policies to boost Africa-Caribbean trade

Ghana loses 169m worth of natural gas through flaring in 2022
  • Business
  • News

May 11, 2023

Ghana loses $169m worth of natural gas through flaring in 2022

Leave the first comment