Domestic Debt Exchange: We are still studying various legal options available – Individual Bondholders

The Legal Committee of the Individual Bondholders has said that it is still studying the various legal options available before the members head to court for exemption from the ongoing Domestic Debt Exchange (DDE) programme.

According to the committee, it will be too premature to go to court.

It comment is coming at a time the Technical Committee tasked to further engage individual bondholders on their inclusion in the debt exchange programme enters day three on January 23.

The spokesperson of the Legal Committee, Thelma Tawiah said, “having done our analysis, we feel that it might be too early to go to court right now because our legal rights or a cause of action has not accrued”.

“The government keep saying that the DDE is voluntary, and if you run to court, their response will be it’s voluntary. So, why are you in court wasting the court’s time”.

Meanwhile, Joy Business is learning that the government has reached a deal with banks and insurance firms under the DDE programme.

There are also some changes made to the Invitation for Exchange for individual bondholders as well as pensioners.