Bondholders Forum cries foul over government’s pressure tactics
The Individual Bondholders Forum has accused the government of using pressure tactics on banks to coerce their customers into accepting the Domestic Debt Exchange Programme (DDEP).
The Forum considers this action to be both unethical and illegal, and intends to resist it.
The Convener of the Forum, Mr Senyo Hosi, has called for the immediate end to these practices, warning that if they persist, it could lead to a decrease in future investments in government bonds.
The Finance Ministry has granted a three-day administrative window for bondholders to complete the DDEP process, which is set to end on February 10.
However, the rush of bondholders to sign up close to the deadline has caused some strain on the IT infrastructure.
