Finance Minister, Ken Ofori Atta has warned that if Bondholders are exempted in the ongoing Domestic Debt Exchange Program (DDEP), Ghana’s economy will be in shambles.

According to him, even though the decision and its consequence is dire, it is necessary various individuals sign willingly to the program to enable government function.

Addressing the concerns of Pensioneer Bond Holders after a picket at the Finance Ministry, Mr Ofori Atta urged the affected holders to hold their peace as it goes thorough the tough periods.

He added that we are in a situation of “Boa Me Na Me Mboa Wo”, to wit “help me, let me help you” hence bond holders should cooperate with government to stabilize the economy

Prior to this, Mr Ofori Atta reiterated that government has attenuated the period and term of maturity to 5 years instead of the uncertainty of the long term.

In response, the Pensioneer Bond Holders insisted on government to totally exempt them from the ongoing Domestic Debt Exchange Program (DDEP)

Dr Adu Antwi Anane, leader of the Pensioneer Bond Holders indicated their acceptance or otherwise disapproval will be dependent on their members for further actions.

Source: Nyarko