Former Chief Justice Sophia Akuffo
Former Chief Justice Sophia Akuffo has praised President John Dramani Mahama for ensuring the payment of monies owed to bondholders.
She believes the President’s action was lawful and in perfect order.
Sophia Akuffo clarified that her previous stance was not driven by personal financial interests but rather by the previous government’s failure to honor its contractual obligations to bondholders.
Speaking to the press after being sworn in as a member of the Council of State, she expressed her satisfaction with the President’s directive.
Her comments follow President Mahama’s decision to instruct the payment of bondholders.
“The President’s action was in perfect order and in accordance with the law. The stance I took was not because of my pocket, but because I had a contract—a bond. The state had promised me something, and I made my money available. Then suddenly, they wanted to change the terms and force new conditions on me. No, that would never be acceptable. I was happy, and I am happy that the President has shown he is a law-abiding leader,” she said.
Following President Mahama’s directive, the Ministry of Finance has honored the Payment-In-Cash (PIC) coupon of GH¢6.081 billion to all Domestic Debt Exchange Programme (DDEP) bondholders.
Sophia Akuffo was among the pensioners who picketed at the Finance Ministry during the previous government’s tenure, advocating for the government to uphold the terms of their bonds.
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