Martin Kpebu, legal counsel for the Individual Bondholders Association of Ghana, stated that the Association is not pleased with the government's decision to extend the enrolment deadline for the debt swap scheme.
The government stated on Monday that the deadline for its domestic debt swap scheme has been extended to January 31.
The state claims that this will increase stakeholder participation with the suggested policy.
Martin Kpebu, however, asserts that this delay would merely prolong and exacerbate the suffering of the government's discussions.
He claims that their desire is a complete exemption from the program. "No, we are not (pleased with the extension), as it only makes our discomfort worse. Because they will invite you to have the same discussion at the table, things are just getting more complicated.
We are grateful that the budget is a public document, so we cannot claim that the government lacks funds, so why do you feel the need to drag us through this painful process of going to the bargaining table and repeating all these arguments?
The government hearing the cries of specific bondholders, we hereby exempt them, was all we had hoped for. Simple! What we're looking for is the word "exempt." On Top Story on Monday, he said, "We are not searching for some enormous grammar that is open to a thousand interpretations.
The Minority in Parliament has demanded that the entire program be suspended in the meantime.
At a news conference on Monday, the Minority Leader, Haruna Iddrisu, stated that the program's existing form will make Ghanaians' lives worse, necessitating the need for the President to delay it and seek more advice.
"We, the Minority Group of the NDC, demand that President Nana Addo Dankwa Akufo-Addo immediately halt the present debt swap scheme. He ememphasizedhat it was already failing.
The Ghana Individual Bondholders Forum and the Individual Bondholders Association of Ghana have also stated that if the government continues to include investments in the current Domestic Debt Exchange scheme, there will be a "gargantuan" rally against it.
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