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
Internet cut: We were saved by our proactive measures - NCA
05:44COCOBOD trial: No fertiliser, CEO is blameable for production fall - Dir. of RM&E tells court
12:49ECG publishes dumsor areas in Accra
13:122020 polls: I’ll be better than ‘failed’, twice-rejected Mahama – Bawumia says ex-president Fourth Republic’s ‘worst’
03:01Nsawam, Kade, Adieso, Asamakesse, Koforidua others to get modern retail markets under my administration-Alan
11:37Dgitalisation the way to go: Bawumia to GRA
11:19Karaga chieftaincy imbroglio: One killed, 12 bullet-injured in army-civilian clash
02:08DLE:EC yet to account for 28 BRVs
10:3210,720 housing units being worked on to reduce deficit – Oppong Nkrumah
10:45Napo: Dumsor timetable advocates are 'evil' wishers; 'they should bring one if there is'
00:38