Financial crisis has affected my GH¢106k investment – Agyinasare

While individual bondholders cry out to the Finance Minister for an exemption to avoid a haircut, the preacher says he has found himself in a similar predicament.

“That means that the GH¢106,000 will take me 106 weeks,” he said.

“And when I said they should do something about it, they said it is because it is even you Archbishop

Because some people come to our bank and they weep,” he added.

“With the restructuring that we are doing, some people’s money will take 30 years to be paid, and so I’m not talking politics I’m talking reality,” he said.

Meanwhile, the Ghana Individual Bondholders Forum has hinted that bondholders will lose about 88.2% of their investments at the current inflation rate if the government goes ahead and includes individuals in the Domestic Debt Exchange programme.

According to the Forum, the bondholders will, however, lose 71% of their investments when discounted at current Treasury bill rates and 50% when the coupon rates face ‘haircut’.