According to him, Christians are troubled by the debt swap, which threatens the investments of Ghanaians because some of them depend on the interests on those investments for survival.
“Of course. If members are unable to obtain their coupons [and] The end cannot be met, which affects the tithe and offering. So it is important that we fight for them so that we also get a share of the tithe. Pastor Dr Cyril Fayose lamented.
The Government of Ghana launched the Domestic Debt Exchange Program, an invitation for the voluntary exchange of approximately GHS137 billion of the Republic’s domestic notes and bonds, including the ESLA and Daakye bonds, for a package of new bonds issued by the Republic.
However, the program has sparked agitation among investors and other stakeholders who have rejected the invitation, especially as one of the terms of the program is that the government will not pay interest on the bonds this year.
Currently, the Finance Ministry and individual bondholders and other stakeholders in the investment space have formed a joint technical committee to iron out differences and mediate.