Nobody is going to be punished for whatever reason; all coupons will be attended to – Ofori-Atta

Finance Minister Ken Ofori-Atta has assured pensioners that nobody is going to be punished for whatever reason in relation to the Domestic Debt Exchange Programme (DDEP).

He assured that matured coupons will be honoured after Tuesday, February 21, 2023.

A statement he issued after pensioners called on him today Friday February 17 said “settlements will be made after Tuesday, and then we can begin to look at processing everybody’s [bonds]”.

The statement added “But let nobody have any inkling that anybody is going to be punished for whatever reason. All coupons will be attended to the same way in which the contracts were signed.

“We are in a difficult situation, that is why we are doing the debt exchange programme and so we hope that the percentage of bonds signed onto the programme will bring down our interest on debts and give us the fiscal space to honour whatever commitments we have with our bonds.”

Earlier, a Former Director General of the Securities and Exchange Commission (SEC) Dr Adu Anane Antwi who was one of the pensioners who called for their exemption from the Domestic Debt Exchange has said they were fighting for Issuer Exemption and not self-exempt.

He stated that the two were completely different.

“If you don’t understand the issue between self-exempt and issuer-exempt you will not understand what we are doing,” he said on the Ghana Tonight show on TV3 Wednesday, February 15.

He added “Nobody fights for self exempt, we are fighting for Issuer exempt and we haven’t gotten it.

“These are technical things, not even people in securities understand unless we do the analysis. We want to be at the issuer exemption status.”


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