By Seth Eyiah
More than 200 individual domestic bondholders are scheduled to meet with the Finance Minister today to request that he exempt their bonds from the government’s domestic debt exchange programme.
Speaking to GBC News, a Civil Servant and Domestic Bondholder, Kwadwo Agyapong Abanaba, said a class action will be instituted against the government if the meeting with the Finance Minister does not lead to the exemption of their individual bonds from the programme.
“I am the one taking care of siblings and other family members. So, the interest that I get from the bond is what I am using to cater for them. So, if the government takes away the interest on my bond from me how will I cater for myself, siblings and other family members. That is why we are mobilizing people to fight against the government’s decision.”
Government initially did not include individual domestic bondholders in the programme but reversed the decision to include them after exempting pension funds following a meeting with organized labour. Mr. Abanaba said all that they need from the government is to exempt their individual bonds from the programme.
“I have 100 thousand plus and I am a young man. 100 thousand plus is quite okay. But some of our group members are having 15 million plus and eight million plus”, he added. Mr. Abanaba, who says he is a civil servant said everything is on course with their meeting with the Finance Minister. He said if the Finance Minister agree to exempt them from the programme, they will rescind their class action.”
However, “if the Finance Minister does not agree with us then we will send the matter to court to fight for our right and our money”.
Mr. Abanaba said the outcome of the meeting with the Finance Minister will be made public.