Your Persistent Picketing Is Needless – Ken Ofori-Atta to Pensioners

Your Persistent Picketing Is Needless – Ken Ofori-Atta to Pensioners

Following the end of the last extension of the deadline for government’s “voluntary” debt exchange program, the Finance Minister, Ken Ofori-Atta, has questioned the need for the continuous picketing at the Ministry of Finance by the individual pensioners holding government bonds.

According to the Minister for Finance, the picketing exercise is currently needless and hence it will be prudent for the picketing individual pensioner bondholders to save their energy and half the exercise.

Justifying why he thinks the picketing is unnecessary, Ken Ofori-Atta explained that voluntary exercise has concluded and that the government will honour its obligations to bondholders, including retirees who voluntarily opted not to participate in the programme.

He therefore gave the assurance that government will honor the bonds of the pensioners who failed to exchange their noted for new ones.

Speaking to the  pensioners in the presence of the media on Wednesday, February 15, the Finance Minister noted that “really, there is no reason for us to be sitting here because that assurance has been given on paper. I want to know what it is that you are afraid of or that you think will not happen.

He added that, “my issue is that now you have very little of the old bonds existing. This means that, in the event of a crisis, your ability to trade your papers is diminished. But that is the choice you made.”

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