$13bn Eurobond restructuring: Pensioner investors demand exemption over ‘harsh terms’

Pensioner Eurobond holders in Ghana are demanding exemption from the government's recent $13 billion Eurobond debt restructuring, expressing disappointment over their exclusion from the negotiations.

They cite the 37% haircut, reduced interest rates, and extended maturity dates of up to 10 years as financially devastating, especially given their reliance on these bonds for retirement income.

The pensioners claim that previous appeals to the Ministry of Finance went unanswered, leading to increased hardships, including medical expenses.

They are calling for a meaningful dialogue with the government to find alternative solutions that protect their financial well-being.