The Coalition of Individual Bondholders Group has decided to suspend their planned occupation of the Ministry of Finance, named #OccupyFinance.
The occupation was intended to demand the payment of outstanding coupons and principal amounts, which have been withheld for approximately 150 days.
The suspension comes in response to the Government’s announcement, assuring the fulfilment of its obligations as outlined in the Memorandum of Understanding (MoU) agreed upon with the bondholders.
In a joint statement issued by the Ghana Individual Bondholders’ Forum (IBF) and the Individual Bondholders Association of Ghana (IBHAG), the group expressed their decision to exercise extreme self-control and halt the march, provided that the Government promptly fulfils its commitments.
“While we maintain a rightful sense of anger, we have chosen to suspend the march as a display of our restraint,” stated the group in their statement. “We expect the Government to honour its obligations in a timely manner, as agreed upon.”
Consequently, the planned agitation and occupation of the Ministry of Finance have been temporarily put on hold.
However, the joint steering committee of the bondholders has issued a stern warning, emphasizing that any breach of the Government’s commitment will result in an immediate resumption of protests.
“Our negotiations were conducted in good faith, and the victory we celebrate today is a testament to our unwavering dedication.”
“It is crucial for the Government to understand that there is a limit to our patience, and we will not hesitate to mobilize our members and sympathizers again if our demands are not met,” the statement asserted.
The Coalition of Individual Bondholders Group commended their members and supporters for their unwavering backing and acknowledged their significant contributions to the cause.
“We extend our heartfelt congratulations to each and every one of our gallant members and sympathizers,” the statement continued. “Your unwavering support showcases the true spirit of the Ghanaian people that our nation needs today. We salute your commitment to this noble cause.”
While acknowledging the victory achieved through the Government’s recent announcement, the group emphasizes that the path ahead remains a challenging one.
The joint steering committee urges its members and sympathizers to maintain unity and vigilance to sustain the progress made to ensure justice for all.
“We must stand firm in our pursuit of a fair and just financial system,” the committee asserted. “Today’s victory should serve as a reminder that together, we have the power to enact substantial change. Let us remain united in this ongoing fight for justice.”
