The Coalition of Individual Bondholders has given the government of Ghana a 48-hour ultimatum to pay all matured principal and outstanding coupons due on the existing bonds issued by the government.
The coalition made up of the Ghana Individual Bondholders Forum and Individual Bondholders Association of Ghana also slammed the Securities and Exchange Commission (SEC), Ghana and the Ghana Fixed Income Market of the Ghana Stock Exchange for shirking their responsibilities and going mute on the development.
The demand of the group is contained in a press release issued on Tuesday (March 14, 2023) and jointly signed by the Conveners of IBHAG and IBF, Dr. Joel Djangma Akwetey and Senyo K. Hosi respectively.
“We call on the Securities and Exchange Commission and the Ghana Stock Exchange to enforce the rules of full disclosure required by all issuers including the Government of Ghana.”
“We will fight to ensure the full payment of our monies and the preservation of our Securities Markets for the future generation” the statement added.
