The forum of individual bondholders has expressed disappointment at the Head of the Economic Management team Dr Mahamamudu Bawumia and the Finance Ministry for their mismanagement and carelessness, which has led to the worse economy ever seen in Ghana.
Speaking on GBC Radio, Mr Albert Twerwfour said, “The Vice President is empty and knows next to nothing about the management of the Economy. His staff and Ken Ofori Atta met us to convince us to accept this wicked proposal which will only lead to our deaths.”
The Ghana Individual Bondholders Forum has hinted that bondholders will lose about 88.2% of their investments at the current inflation rate if the government includes individuals in the Domestic Debt Exchange programme.
According to the Forum, the bondholders will, however, lose 71% of their investments when discounted at current Treasury bill rates and 50% when the coupon rates face a ‘haircut’.
The forum appeals to President Akufo- Addo to sack Dr Bawumia as head of the Economic management team and change the Finance Minister for fresh ideas to restore Ghana’s economy.
