• Latest
  • Trending
Debt exchange programme

Bondholders to lose 88.2% of investments at current inflation rate – Ghana Individual Bondholders Forum

January 14, 2023
Isaac Minta Larbi on lithium law

The lithium agreement is not in the best interest of Ghana – Lawyer Isaac Minta Larbi responds to Energy Minister & Sam Jonah

December 7, 2023
Effutu: Arrested NDC executives denied bail over alleged order from IGP – Lawyer

Effutu: Arrested NDC executives denied bail over alleged order from IGP – Lawyer

December 7, 2023
Mercy Akosua Oforiwaa

E/R: Man kills mother over Ghc500 – Report

December 7, 2023
Your days in Office are numbered - James Gunu to Akufo-Addo and Bawumia

“Your Days in Office Are Numbered’ – James Gunu to Prez Akufo-Addo-Alhaji Bawumia-led NPP Gov’t

December 7, 2023
Bawumia's running mate

Bawumia’s choice of running mate will shock everyone– NPP Vice Chairman hints

December 7, 2023
Sam George

Sam George to name, shame MPs frustrating anti-LGBTQI+ bill passage

December 7, 2023
Alfred Kwabena Asiedu sues Chief Justice

Dismissed Circuit Court judge sues Chief Justice, Judicial Council

December 7, 2023
Lithium mining

Lithium deal: Don’t sit for the nation to be robbed of the lithium in the country – Prog Gyampo to Ghanaians

December 7, 2023
Bawumia's running mate

Give me more time to choose my running mate – Bawumia

December 7, 2023
Aid bill for Ukraine

Ukraine military aid bill blocked by Senate Republicans

December 6, 2023
UNLV shooting

UNLV shooting: Police say three victims in University of Nevada shooting

December 6, 2023
Gaza

War causing catastrophe Gaza may never recover from – UN Chief

December 6, 2023
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment
InsiderGH.com
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment
No Result
View All Result
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment
No Result
View All Result
InsiderGH.com
No Result
View All Result
ADVERTISEMENT
Home POLITICS

Bondholders to lose 88.2% of investments at current inflation rate – Ghana Individual Bondholders Forum

January 14, 2023
in POLITICS
Reading Time: 3 mins read
0
Debt exchange programme
Kindly share

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

According to the Forum, the bondholders will however lose 71% of their investments when discounted at current Treasury bill rates and 50% when the coupon rates face ‘haircut’.

RelatedPosts

Government acting like an armed robber – Pensioner bondholder on locked-up funds

Get financing assurances from creditors, partners before Board approval – IMF to Ghana

Finance Minister to appear before Parliament on Thursday over DDEP

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

It mentioned that the President was explicit that there will be no haircuts in his public address on the December 5, 2022, quoting 1 Samuel 30:19 saying “nothing was missing, small or great. I say to you, nothing will be lost, nothing will be missing, and nothing will be broken. We will, together, recover all.”

But the Forum added “this was the case for us before your information memorandum on the December 24, 2022. But today, our coupons face absolute haircuts and when we discount your proposed benchmark bonds at the coupon rates of the original bonds, we are losing effectively 50% of our investments. When discounted at current T-bill rates, we are losing 71% of our investments, and at prevailing inflation, we face an 88.2% loss”.

The Forum continued that direct individual bondholding and holdings through collective investment schemes stand at about ¢15.5 billion, representing about 11% of the eligible bonds and the capitalized interest.

“With your set target of 80% of eligible bonds, Individual Bondholders are not a critical success factor to the viability of the DDE programme as you envisage, yet the impact of their inclusion has incalculable consequences. Please exclude us and save 1.3 million livelihoods and dependents from shackled penury”, it added.

The Forum described President Akufo-Addo’s tenure as one having policies impoverishing citizens whose primary duty to the country was to service and love through hard work and taxes.

“Your DDE as proposed for Individual Bondholders takes away our liberty to self-sustain, mocks hard work, and robs us of legally acquired property. None of these reflect the tenets of good governance”, it further stated.

It however stated the group have persons who possess technical and policy skills and are willing to assist government explore viable options without catastrophically impairing the interests of Individual Bondholders.

The Individual Bondholders’ Forum is a representative body for individual investors such as the Government of Ghana’s Local Cedi Bonds, the Government of Ghana’s Local USD Bonds, the ESLA PLC Bonds, Daakye Bonds, Ghana Eurobonds and Collective investment schemes with investments in the above securities.

The direct individual bondholding and holdings through collective investment schemes stand at about ¢15.5bn, representing about 11% of the eligible bonds and the capitalized interest.

Tags: Debt Exchange ProgrammeGhana Individual Bondholders Forum
InsiderGH.com WhatsApp Channel InsiderGH.com WhatsApp Channel InsiderGH.com WhatsApp Channel
Previous Post

They don’t learn – Randy Abbey jabs the government over the mistreatment of bondholders

Next Post

John Mahama Breaks Silence On Alan, Afriyie Akoto’s Resignation

Related Posts

Isaac Minta Larbi on lithium law
POLITICS

The lithium agreement is not in the best interest of Ghana – Lawyer Isaac Minta Larbi responds to Energy Minister & Sam Jonah

December 7, 2023
Effutu: Arrested NDC executives denied bail over alleged order from IGP – Lawyer
GENERAL NEWS

Effutu: Arrested NDC executives denied bail over alleged order from IGP – Lawyer

December 7, 2023
Your days in Office are numbered - James Gunu to Akufo-Addo and Bawumia
POLITICS

“Your Days in Office Are Numbered’ – James Gunu to Prez Akufo-Addo-Alhaji Bawumia-led NPP Gov’t

December 7, 2023
Bawumia's running mate
POLITICS

Bawumia’s choice of running mate will shock everyone– NPP Vice Chairman hints

December 7, 2023
Bawumia's running mate
POLITICS

Give me more time to choose my running mate – Bawumia

December 7, 2023
Effutu NDC executives picked up after accompanying protesters to court
POLITICS

Effutu NDC executives picked up after accompanying protesters to court

December 6, 2023
Next Post
John Mahama

John Mahama Breaks Silence On Alan, Afriyie Akoto's Resignation

There is no basis for us to postpone the elections – Asiedu Nketiah to Duffour

Why I have not granted any interview since becoming NDC chairman – Asiedu Nketiah explains

Reshuffle

Reshuffle: John Boadu penciled for ministerial post – Reports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

  • Trending
  • Comments
  • Latest
Congo coup

BREAKING: Coup underway in Congo-Brazzaville while 79-year-old President  is in the US for UN Summit

September 17, 2023
Gabon coup

BREAKING:Senior Military Officers Announce Coup in Gabon After Rigged Presidential Election

August 30, 2023
Mahama wins NDC presidential race

BREAKING: Mahama officially declares intention to contest for presidency

February 21, 2023
Alan Kyerematen and Akufo-Addo snub each other at Theresa Kufuor’s one-week

Alan Kyerematen and Akufo-Addo snub each other at Theresa Kufuor’s one-week

October 12, 2023
soldiers at ashaiman

Ashaiman: More than 72 people arrested by soldiers – Ashaiman MP

March 7, 2023
Rayzone Group

Government paid $2M to Israeli firm for spy work in 2021- Report

August 2, 2023
NDC Primaries: Ten under 40 MP aspirants to watch

NDC Primaries: Ten under 40 MP aspirants to watch

February 14, 2023
National Cathedral

Okudzeto Ablakwa Drops Bombshell; Publishes The Mother Of All National Cathedral Scandals

January 16, 2023
Bagbin

Gyakye Quayson’s daily trial ‘selective and wrong’ – Bagbin

13
If you had good intentions for NDC, you would have engaged party elders – Zita to Duffour

If you had good intentions for NDC, you would have engaged party elders – Zita to Duffour

13
NDC Parliamentary Primaries

BREAKING: NDC Changes Its Leadership In Parliament

10
Supreme Court turned into Stupid Court comment: I’m not talking of Ghana’s judiciary – Kpessa-Whyte clarifies

Supreme Court turned into Stupid Court comment: I’m not talking of Ghana’s judiciary – Kpessa-Whyte clarifies

9
Ablakwa

How Adom-Otchere triggered Ablakwa to release latest set of allegations against Rev. Kusi Boateng

9
Sophia Akuffo

‘You don’t solve your problems by sacrificing the aged’ – Sophia Akuffo

8
NDC has been the best since Ghana's independence – Dr. Duffuor

Duffuor calls for postponement of NDC primaries

8
James Keck Osei

Details of how Director of Administration at vice president’s office attempted to steal a businessman’s imported rice

8
Isaac Minta Larbi on lithium law

The lithium agreement is not in the best interest of Ghana – Lawyer Isaac Minta Larbi responds to Energy Minister & Sam Jonah

December 7, 2023
Effutu: Arrested NDC executives denied bail over alleged order from IGP – Lawyer

Effutu: Arrested NDC executives denied bail over alleged order from IGP – Lawyer

December 7, 2023
Mercy Akosua Oforiwaa

E/R: Man kills mother over Ghc500 – Report

December 7, 2023
Your days in Office are numbered - James Gunu to Akufo-Addo and Bawumia

“Your Days in Office Are Numbered’ – James Gunu to Prez Akufo-Addo-Alhaji Bawumia-led NPP Gov’t

December 7, 2023
Bawumia's running mate

Bawumia’s choice of running mate will shock everyone– NPP Vice Chairman hints

December 7, 2023
Sam George

Sam George to name, shame MPs frustrating anti-LGBTQI+ bill passage

December 7, 2023
Alfred Kwabena Asiedu sues Chief Justice

Dismissed Circuit Court judge sues Chief Justice, Judicial Council

December 7, 2023
Lithium mining

Lithium deal: Don’t sit for the nation to be robbed of the lithium in the country – Prog Gyampo to Ghanaians

December 7, 2023

KINDLY SUBSCRIBE TO INSIDERGH TV

CLICK HERE TO SUBSCRIBE TO OUR YOUTUBE CHANNEL

Recent News

Isaac Minta Larbi on lithium law

The lithium agreement is not in the best interest of Ghana – Lawyer Isaac Minta Larbi responds to Energy Minister & Sam Jonah

December 7, 2023
Effutu: Arrested NDC executives denied bail over alleged order from IGP – Lawyer

Effutu: Arrested NDC executives denied bail over alleged order from IGP – Lawyer

December 7, 2023
Mercy Akosua Oforiwaa

E/R: Man kills mother over Ghc500 – Report

December 7, 2023
Your days in Office are numbered - James Gunu to Akufo-Addo and Bawumia

“Your Days in Office Are Numbered’ – James Gunu to Prez Akufo-Addo-Alhaji Bawumia-led NPP Gov’t

December 7, 2023

InsiderGH.com

InsiderGH.com

InsiderGH.com is the fastest growing socio-political news portal in Ghana. Get all breaking news updates, latest news headlines, local and international stories, showbiz, lifestyle etc.

Follow Us

Browse by Category

  • Apps
  • BIOGRAPHY
  • Business
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Gaming
  • GENERAL NEWS
  • Health
  • INTERNATIONAL NEWS
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • OPINION
  • POLITICS
  • Review
  • SCHOLARSHIP
  • Science
  • SPORTS
  • Startup
  • Tech
  • Travel
  • World

Pages

  • ABOUT US
  • CONTACT US
  • COOKIE POLICY (EU)
  • DISCLAIMER
  • HOME
  • PRIVACY POLICY
  • Terms and Conditions
  • TERMS OF USE

Copyright © 2020 - 2023, InsiderGH.com. All rights reserved.

No Result
View All Result
  • HOME
  • POLITICS
  • GENERAL NEWS
  • INTERNATIONAL NEWS
  • SCHOLARSHIP
  • OPINION
  • JOBS
  • SPORTS
  • Entertainment

Copyright © 2020 - 2023, InsiderGH.com. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy and Cookie Policy.