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Individual Pension Bondholders picket at Finance Ministry to demand total exemption from DDEP

Individual Pension Bondholders are picketing at the Ministry of Finance Monday morning, demanding that they should be exempted totally from the ongoing Domestic Debt Exchange Programme. 

About 50 of the bondholders wearing red armbands have thronged the Ministry’s premises with placards to register their displeasure over their expected inclusion in the programme.

According to convener of the group, Dr Adu Anane Antwi, they are “rejecting government’s 15% coupon rate over 5-year maturity rate.”

He added, “We want to be totally exempted. We want the government to officially declare us exempted just like they have exempted the pension funds.”

“Or petition is already with them, so we are picketing here until they listen to us,” he stressed.

Officials of the Ministry of Finance were yet to meet them as at the time of filing this report.

They intend to stay at the Ministry for a few hours, hoping to hear a positive response from the Ministry.

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