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How to join the Individual Bondholders’ Forum as a Bondholder

How to join the Individual Bondholders’ Forum as a Bondholder
The Individual Bondholders’ Forum (IBF) is a voluntary forum that seeks to fight for the best interest of bondholders. The forum came into being following the government of Ghana’s Domestic Debt Exchange (DDE) programme which was going to affect bondholders greatly if carried out.

How Bondholders can join the Individual Bondholders’ Forum

1. Go to the website of the forum at www.ghanaibf.com. 
2. Click on Membership or become a Member menu
3. Provide your basic details required e.i Name, Address, Telephone, and Email
4 Submit the form.
To qualify to join the Individual Bondholders’ Forum (IBF), the interested individual must own one or more of the following bonds of the government of Ghana

Once you are an individual with any of the above, you can voluntarily join via their website www.ghanaibf.com. 
On the website, provide the required details and submit the form.
However, you must give your consent to the Individual Bondholders’ Forum (IBF)

By submitting this form, I consent that:

I am over the age of eighteen and competent to give my consent in this matter.

I consent and agree to participate in the advocacy engagement including legal action against the decision by the Government of Ghana to extend its debt restructuring program to include individual bond holders and Collective Investment schemes.

READ: Individual Bondholders’ Forum Kicks Against Oppressive Domestic Debt Exchange (DDE)

I consent to be represented by the Individual Bondholders Forum, herein thereafter referred to as IBF, for all intents and purposes, to take any steps necessary, including filing of lawsuits, to optimize my interest and to secure exemptions and concessions for my investments under the Government of Ghana’s debt Exchange and or restructuring programme.

If you meet all the above criteria then go to the website www.ghanaibf.com  and click on Membership to begin your registration.

Why was the Individual Bondholders Forum (IBF) formed?

The IBF is set up as a response to the Government of Ghana’s (GoG)proposed debt exchange and restructuring programme which negatively impacts investments of direct and indirect individual bondholders. It will provide legal, public advocacy and negotiation representation for members with investments in:

  1. GoG Local Cedi Bonds
  2. GoG Local USD Bonds
  3. ESLA Bonds
  4. Daakye Bonds
  5. Ghana Eurobonds
  6. Collective Investment Schemes (i.e., Mutual Funds, Cash Trusts, Balanced Funds)

 

Objectives of the Individual Bondholders Forum (IBF)

  1. To secure exemptions and concessions for individual investors in the debt exchange and restructuring programmes to optimize their interest.
  2. To provide effective representation for individual investors.
  3. To facilitate legal representation for affected members.
  4. To provide members with education and analytical support on the debt restructuring programme.
  5. To provide public advocacy for the realization of the above objects as may be required.

 

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