Bonds: Bear with us; ability to pay a struggle – MoF begs pensioners

The Deputy Finance Minister Abena Osei Asare has said the government's failure to meet coupon deadlines for pensioner bondholders is not on purpose.
"We don't intentionally stop them [payment], sometimes it's difficult, it is the ability to pay and, so, when it is not there, it becomes a challenge, but we also have to communicate that to you", she told the picketing pensioners on Thursday, 1 June 2023.
The pensioners resumed their picketing after the government, once again, failed to honour its side of the bargain regarding the deadlines for coupon payment.
Explaining issues to the seniors who defied the morning rains to picket the ministry, the deputy minister said, "so, for now, our focus should be on the five outstanding [coupons], and then we talk about how we will manage the principal payment".
"I sincerely appreciate where you are coming from", she empathised, noting: "This has never happened when coupons are ready for payment and the government is struggling to pay, but currently, we all know the circumstances we find ourselves in, so, I will plead with you; so, let's sit and clear, and then we will see the way forward".
Source: Classfmonline.com
Trending News
Ghana records 14 new Mpox cases, total rises to 133 – Ghana Health Service
14:23Trade Minister declares gov’t's bold agenda to empower MSMES; targets GHS6b financing by 2027
21:23Gov't rejects claims of political motive in suspended Chief Justice's impeachment process
07:08NPP flagbearer hopefuls unite in rare group photo after strategic meeting
15:09GBA President calls for review of Chief Justice Torkornoo’s suspension
14:13Mayor of Accra to mark first anniversary of late mother, Madam Patience Commodore
12:25Police arrest 2 persons over murder of former headmaster of Dampong SHS
20:54Nigerian security delegation visits Ghana to study non-state security threats
14:55OSP partners AngloGold Ashanti to tackle corruption in mining sector
13:45President Mahama to host Indian Prime Minister Narendra Modi on historic official visit to Ghana
12:01