The Nsawam Adoagyiri MP, Frank Annoh-Dompreh has opposed the inclusion of individual bondholders in the Debt Exchange Programme.

The legislator, expressing his view on the programme on his Twitter handle, described the decision to involve individual bondholders as unfair and untenable.

He, therefore, called on the Finance Minister, Ken Ofori-Atta to review the decision with immediate effect.

“The Finance Minister (Ministry) must as a matter of urgency review ASAP its decision and resolution on individual bondholders. I don't agree with them and I think it's unfair and untenable!” he posted in a tweet.

The Finance Minister ( Ministry) must as a matter of urgency review ASAP its decision and resolution on individual bond holders. I don't agree with them and I think it's unfair and untenable!

Review your decision now!@Joy997FM @Citi973

— Hon. Frank Annoh-Dompreh (@FAnnohDompreh) January 14, 2023

As part of measures in ensuring the country’s debt is sustainable, the government introduced a debt exchange programme.

https://www.myjoyonline.com/government-includes-individual-bondholders-in-domestic-debt-exchange/

The current structure of the programme involves the inclusion of individual bondholders.

But the individual bondholders have called on government to exempt them from the programme.

The Ghana Individual Bondholders Forum on Friday hinted that bondholders will lose 88.2% of their investments at the current inflation rate if the government goes ahead to include individuals in the Domestic Debt Exchange programme.

https://www.myjoyonline.com/bondholders-to-lose-88-2-of-investments-at-current-inflation-rate-ghana-individual-bondholders-forum/

In a press statement issued, it said, President Akufo-Addo’s promise of no loss or haircut has not in any form been honoured, adding that “great will be lost, too much is missing, everything is broken, you will not recover, your livelihoods shall be destroyed”.

https://www.myjoyonline.com/some-of-us-will-commit-suicide-rather-than-go-through-pain-pensioner-on-debt-exchange-programme/

Meanwhile, a 65-year-old pensioner, Larry Jiagge has said he will contemplate ending his life if the government insists on including individual bonds in the Domestic Debt Exchange programme.

In an interview on Joy FM’s, Super Morning Show, on Wednesday, the old man said he has invested all his severance package into government bonds and will struggle to survive if his coupons are withheld.

According to him, his investment is his only source of income to get medication and feed himself.

"Why can’t they (government) be very specific and tell us that if we don’t participate we will lose our money, then some of us will commit suicide rather than go through the pain.”

“The information out there is very minimal. You will talk to your bankers and they will tell you that is all the information we have, this is what we’ve been told. We are also waiting for additional information,” he said.