The Coalition of Individual Bondholders Groups has announced the commencement of picketing by the Ministry of Finance from Tuesday to demand payment of outstanding principals and coupons and immediate implementation of the agreement reached and captured in the Memorandum of Understanding on May 16, 2023.

The MoU was signed between the Coalition of Individual Bondholders Groups and the Ministry of Finance.

According to the coalition, payment of some bonds has been in default for over 100 days, and it has been over 50 days since agreeing on terms captured in the MoU with no implementation undertaken nor official communication on a way forward.

A statement jointly signed by the Convener of Individual Bondholders Forum, Senyo Hosi, and Convener of Individual Bond Holders Association of Ghana, Dr. Joel Djangma, said the conduct of government, intended or otherwise, has been condescending, insensitive, and disrespectful to its own citizens whose only crime has been to trust their government with their savings.

They said what is worse is the untold hardship and unjustified suffering these citizens and their dependents continue to bear.

The groups said they will picket each day from July 11, 2023, until the grievances are addressed. Prior to the picketing, they will hold a town hall meeting on Sunday, July 9, 2023, at 1 p.m. to discuss the modalities of the picketing.

The statement called on all bondholders, sympathisers, and dependents to join the picketing.