Martin Kpebu decries growing hardship and says Ghana should prepare for an Arab Spring.
Martin Kpebu, a lawyer and convener of the Individual Bondholders Forum (IBF), has advised the government to do more to alleviate the suffering of the people if it wants to prevent an Arab Spring in the country.
He claims that since people are already under stress and finding it difficult to cope with daily life, the delay in paying bondholders will only worsen their situation, despite the government's own assurances that it will honour the bonds when they mature.
Speaking on Joy FM's News Night on Tuesday, Martin Kpebu said although the government has the means to pay the coupons, the delay is a result of the fact that bondholders are not its first concern.
The outspoken lawyer claimed that the government's disregard for the agony of the bondholders stems from the belief that the bondholders will always bear their suffering in silence. He stated that the Arab Spring will come because according to Akufo-Addo's judgement when he was in opposition - the time he was calling for the Arab Spring - conditions were not so terrible.
They tell me "look Martin, you are not angry, we are angrier than you" whenever they see me. You'll understand after we express our anger, so just wait. President Akufo-Addo will flee without his sandals as the Arab Spring approaches and he will realise how inadequate a leader he is in Ghana.
Many cannot afford to buy food, pay school fees or keep even the most basic promises.
The Arab Spring was a wave of anti-government demonstrations and upheaval that began in Tunisia in the early 2010s in response to economic stagnation and corruption.