Friday, January 20, 2023

Debt Exchange Program: Pensioners Bondholders Forum Reiterate Calls for Outright Exemption

 

Dr Adu Anane Antwi in a tit-chat with journalists

The Convener for Pensioners Bondholders Forum, Dr. Adu Anane Antwi, is calling for an outright exemption of pensioners bondholders from the Debt Exchange Programme. 

He believes disagreements regarding the debt restructuring would not have gotten this far, if Government had earlier engaged key stakeholders to chart the way forward. 

All creditors, he stressed should have been consulted before roping them into the current negotiation. Speaking to GBC News, the immediate past Director-General of the Securities and Exchange Commission, however proposed the establishment of a Local Creditors Committee, whose mandate will be to negotiate on behalf of all local bondholders including Retirees.

 Dr Antwi said pensioners deserve better condition of service and not to be subjected to actions that would worsen their plight.

GBCs Isaac Asare report


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