Audio By Carbonatix
Legal practitioner, Martin Kpebu says that individual bondholders must not be included in government's Domestic Debt Exchange programme.
He says bondholders have suffered enough of the economic crisis and will not make any further sacrifices.
Speaking on JoyNews' AM Show, the lawyer who doubles as a convenor of the Ghana Individual Bondholders Forum, lamented the huge value lost on the bonds.
According to him, research indicates that between 50% and 80% of the value of the bonds has been lost.
"There's no way anybody will sacrifice further," he said.
Mr. Kpebu speculated that the Finance Minister, Ken Ofori-Atta and President Akufo-Addo have ran down the economy adding that their families "are now the rich guys in town."
According to Mr Kpebu, people are dying as a result of the government's resort to including individual bondholders in the debt exchange programme.
Mr Kpebu says that their stance remains unchangeable and is ready to reiterate this at an upcoming meeting with the government.
He added that the incessant calls for negotiation between both parties are "prolonging our pay and killing more people."
Meanwhile, given that both parties have not reached a common ground, government has extended the deadline for opting into the Domestic Debt Exchange programme to January 31, 2023.
However, Political Risk Analyst, Dr. Theo Acheampong has said that government might struggle to meet the deadline again amidst the disagreements that stakeholders continue to show.
Latest Stories
-
Party cannot overturn EC verdict without court – Inusah Fuseini on NDC Ayawaso East primaries
46 minutes -
Mahama reprimanded Baba Jamal – NDC says code of conduct is already working
1 hour -
Description of conduct as ‘inappropriate’ is based on NDC’s constitution – Gbande on vote-buying claims
2 hours -
NDC can only reprimand, not prosecute – Gbande explains limits of party sanctions
2 hours -
Even talking about it is progress – NDC’s Gbande defends probe into vote-buying claims
2 hours -
PM asks Sir Jim Ratcliffe to apologise for saying UK ‘colonised by immigrants’
5 hours -
16 hours of daily use is ‘problematic,’ not addiction – Instagram boss
5 hours -
US House votes to overturn Trump’s tariffs on Canada
5 hours -
Dad unlawfully killed daughter in Texas shooting, coroner rules
6 hours -
Anas wins 7 – 0 as SC unanimously rejects attempts to reverse judgment in his favour
6 hours -
Trump tells Netanyahu Iran nuclear talks must continue
6 hours -
The cocoa conundrum: Why Ghana’s farmers are poor despite making the world’s best chocolate
7 hours -
Powerful cyclone kills at least 31 as it tears through Madagascar port
7 hours -
GoldBod summons 6 gold service providers over compliance exercise
8 hours -
Power disruption expected in parts of Accra West as ECG conducts maintenance
8 hours
