Expect your matured coupons within 48hrs – Govt tells bondholders

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Bondholders should expect payment for matured coupons within 48 hours, according to a statement issued by the on Tuesday, March 14, 2023.

The government has initiated the process for paying matured coupons on outstanding bonds, which started on Monday, March 13, 2023. The initial instruction covers coupon and principal payments on bonds that matured on 6th February 2023 and 13th February 2023.

Holders of these bonds should expect payment within the next 48 hours. The stated that payment dates for subsequent maturities would be communicated in due course as processing continues.

The announcement came after the Coalition of Bondholders threatened the government with a 48-hour ultimatum to pay all outstanding coupons or face their wrath.

The group urged the Securities and Exchange Commission and the to enforce the rules of full disclosure required by all issuers, including the Government of Ghana.

“We will fight to ensure the full payment of our monies and the preservation of our Securities Markets for the future generation,” the group stated.

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