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
Ashanti NDC members protest return of former DVLA regional director
14:24Ghana revokes diplomatic and service passports of former officials and non-state actors
13:12MP for Awutu Senya West supports 53 tertiary students with scholarships
11:49Defence Minister commends Erastus Asare Donkor for anti-galamsey reporting
01:03DVLA to open six overseas offices to help curb fake Ghanaian licences abroad
11:54Supreme Court dismisses injunction application against President Mahama in Chief Justice case
12:41GA/R: Tragic fire claims life of 5-year-old girl at Adjei Kojo Sancity
11:36National Chairman is attending to some urgent issues in Accra, he will join the tour after that - Justin Kodua
00:19COCOBOD CEO urges return to core mandate of funding cocoa
11:28Sam George throws shade at Afenyo-Markin over police assault claims
12:21