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The Member of Parliament for the Ningo, Samuel Nartey George, has acknowledged that investors’ concerns about being cheated in dubious ways by the government are justified. He stated that the government’s unilateral decision to change the terms and conditions under which bonds were procured is worrying. Government bonds, including the “Daakye bond,” “ESLA bond,” and “Getfund,” are reportedly being considered for a debt restructuring program.
During an appearance on Metro TV’s “Good Morning Ghana” on May 2, 2023, George emphasized it is currently regrettable, given how investments are being forced under the debt exchange program. He would not be surprised if the Heritage Bond also suffered a haircut. He expressed concern that the government has yet to address the issue, which causes people to doubt its sincerity. George also accused the government of attempting to scam investors.
Sylvester Tetteh, the Member of Parliament for the Ngleshie Amanfrom Constituency, refuted George’s claim that the government will soon tap into the Heritage Fund, stating that the government would not tamper with it and that doing so would be despicable.
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Source: Omanghana.com
