‘Government must not default’ – Pensioner Bondholders urge continued commitment

Pensioner bondholders in Ghana have expressed cautious optimism as the government fulfills its first coupon payment under the new administration, maintaining the agreed-upon schedule.

Speaking on Joy News’ PM Express, Dr. Adu Anane Antwi, Convener of the Pensioner Bondholders Forum, welcomed the payment made on February 17, marking the fourth installment in the six-month cycle since the payment agreement began.

Dr. Antwi emphasized that coupon payments are structured every six months, August and February, highlighting that this consistency is crucial for maintaining investor confidence.

He reassured members that despite political transitions, contractual obligations must be upheld to preserve trust in the financial markets.

While some individual bondholders who didn't tender their bonds have already received maturity payments, those who did will wait four years for their first maturity payment.

Dr. Antwi urged the government to maintain consistent payments to rebuild trust and credibility, emphasizing the importance of honoring future obligations.