Former Chief Justice Sophia Akuffo has praised President John Dramani Mahama for fulfilling financial obligations to bondholders.
She stated that the president’s decision was both lawful and appropriate.
Addressing the press after her swearing-in as a member of the Council of State, Justice Akuffo clarified that her previous stance was not driven by personal interest but by the former government’s failure to honour its contractual commitments to bondholders.
Her remarks follow President Mahama’s recent directive to ensure bondholders receive their due payments.
“The President’s action was in perfect order and it was in accordance with the law. The stand I took was not because of my pocket but it was because I had a contract, a bond, the state had promised me something, and so I had made my money available, and then suddenly they wanted to change the terms of it and trying to force new terms down my throat. No, that will never be. I was happy and I am happy that the president has shown that he is a law-abiding president,” she said.
Following a directive from President John Dramani Mahama, the Ministry of Finance has honoured the Payment-In-Cash (PIC) coupon of GHS6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.
Sophia Akuffo was one of the pensioners who picketed at the Finance Ministry during the previous government era to drum home the need for the government to stick to the terms of their bond.
