The Individual Bondholders Forum (IBF) says it has proposed measures for the government to make savings on its expenditure. 

According to the IBF, these measures if implemented could save the country some GH¢83 billion. 

The Forum made this known in a press release issued on Thursday, January 26, after its work with the joint technical committee set up by the Finance Minister to consider their issues. 

Providing update on the committee’s work, the Forum said it did its best in the discharge of its duties on the committee based on the terms of reference provided. 

“However, it is important to state that the IBF honourably discharged its mandate based on the terms of reference for the joint technical committee and has proposed nearly GHS 83 billion savings in fiscal re-adjustment (expenditure and revenue measures),” excerpts of the statement said. 

It thus asked its members to be expectant of a communique from the Finance Ministry on their demands to be exempted from the ongoing debt exchange programme. 

“Any moment from today, the report of the joint technical committee of Individual Bondholders Forum (IBF) and the Finance Ministry shall be shared with you.  This is subject to the acceptance of the Minister of Finance,” it added. 

The joint technical committee was formed to address the concerns of individual bondholders over the inclusion of their bonds in the debt exchange programme. 

The committee comprised of representatives from the government and the bondholders and have thus been meeting and exchanging ideas since Thursday, January 19, 2023.