{"id":60896,"date":"2023-04-25T09:30:33","date_gmt":"2023-04-25T09:30:33","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/04\/25\/bondholders-accuse-senyo-hosi-of-private-meetings-with-finance-ministry\/"},"modified":"2023-04-25T09:30:33","modified_gmt":"2023-04-25T09:30:33","slug":"bondholders-accuse-senyo-hosi-of-private-meetings-with-finance-ministry","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/04\/25\/bondholders-accuse-senyo-hosi-of-private-meetings-with-finance-ministry\/","title":{"rendered":"Bondholders accuse Senyo Hosi of &#8216;private meetings&#8217; with Finance Ministry"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\"  alt=\"\" title=\"Senyo Hosi\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/Senyo-Hosi-696x464.jpg\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2023\/04\/Senyo-Hosi-696x464.jpg\"   alt=\"\" title=\"Senyo Hosi\"\/><\/noscript><figcaption class=\"wp-caption-text\">Senyo Hosi at the 3Business Summit held earlier this month<\/figcaption><\/figure>\n<\/div>\n<p><strong>The Individual Bond Holders Association of Ghana (IBHAG) says one of the conveners of its counterpart, Ghana Individual Bondholders\u2019 Forum (IBF) appears to be an appendage of the Ministry of Finance.<\/strong><\/p>\n<p>The Association said Senyo Hosi has been doing the bidding of the Ministry contrary to the collective position of individual bondholders against government\u2019s proposals on domestic debt exchange.<\/p>\n<p>The Convener of IBF has been representing individual bondholders at the Joint Technical Committee set up by the Minister of Finance, Ken Ofori-Atta, to consider their grievances in rolling out the Domestic Debt Exchange Programme (DDEP).<\/p>\n<p>But a letter to Mr Ofori-Atta on Saturday, April 22 pointed out that the current position of individual bondholders as presented at the Committee level \u201cis a far cry from the primary expectation of our members which is to get their funds borrowed by the government\u201d.<\/p>\n<p>\u201cSome of these views are not even discussed with Bondholders\/groups of Bondholders,\u201d the letter signed by lawyer Martin Kpebu, who is a member of the Steering Committee of IBHAG, said.<\/p>\n<p>\u201cIt is sad to state that these uncertainties with payments have caused a lot of stress and in an instance death of a member. Government should not be sacrificing the lives of its citizens for its comfort.<\/p>\n<p>\u201cPrivate meetings between Senyo Hosi of IBF and the Ministry of Finance, are not the solutions to the concerns of Individual Bondholders whose coupon and principal payments have been in arrears for over two months.\u201d<\/p>\n<p>It warned the Ministry to desist from private meetings and rather engage properly with the leadership of individual bondholders.<\/p>\n<p>IBHAG, however, said it will continue to have a working relationship with the Pensioners Forum, which it said \u201cseems to be the group more focused and determined to ensure the protection of the investments of the individual bondholders\u201d.<\/p>\n<p><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/kwame_amoh?ref_src=twsrc%5Etfw\" data-show-count=\"false\">Follow @kwame_amoh<\/a><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senyo Hosi at the 3Business Summit held earlier this month The Individual Bond Holders Association of Ghana (IBHAG) says one of the conveners of its counterpart, Ghana Individual Bondholders\u2019 Forum (IBF) appears to be an appendage of the Ministry of Finance. The Association said Senyo Hosi has been doing the bidding of the Ministry contrary [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":60897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-60896","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bondholders accuse Senyo Hosi of &#039;private meetings&#039; with Finance Ministry - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/04\/25\/bondholders-accuse-senyo-hosi-of-private-meetings-with-finance-ministry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bondholders accuse Senyo Hosi of &#039;private meetings&#039; with Finance Ministry - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Senyo Hosi at the 3Business Summit held earlier this month The Individual Bond Holders Association of Ghana (IBHAG) says one of the conveners of its counterpart, Ghana Individual Bondholders\u2019 Forum (IBF) appears to be an appendage of the Ministry of Finance. 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