• About
  • Advertise
  • Privacy & Policy
  • Contact
The Herald Ghana
Advertisement
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
No Result
View All Result
The Herald Ghana
No Result
View All Result

Government must not touch pension fund

December 9, 2022
Reading Time: 2 mins read
0 0

When the government announced that its intends as part of debt restructuring to cut bond interest with zero percent coupon rate in 2023 and five percent in 2024, many Ghanaian workers thought it was a huge joke or at best fake news,  it was not until the finance minister, Ken Ofori-Atta , announced it officially on Monday, December 5.

The reason many thought it was a joke was because, Ghanaians are already suffering under harsh economic environment brought about by high inflation and the rising cost of fuel, which have all combined to eat away their income.

According to the minister of Finance, “Specifically, The Bank of Ghana, the Security and Exchanges Commission, the National Insurance Commission and the National Pensions Regulatory Authority will ensure that the impact of the debt operation on your financial institutions is minimized, using all regulatory tools available to them.”

He also revealed that a financial Stability Fund (FST) is being established by Government with the help of development partners to provide liquidity support to banks, pension funds, insurance companies, fund managers, and collective investment schemes to ensure that they are able to meet their obligations to their clients as they fall due.

RelatedPosts

No Content Available

The move has been rightly condemned by many Ghanaians, including organized labour, such as the Trades Union Congress (TUC), Ghana National Association of Teachers (GNAT), National Association of Graduate Teachers (NAGRAT), Ghana Medical Association (GMA), which argued that such a move would be detrimental to the interest of workers.

This paper is adding its voice to that of other well meaning Ghanaians that are opposed to the government going anywhere close to the pension funds.

Pensioners in this country, have been through a lot over the years and the government should not under any circumstance jeopardize their hard earned savings by touching their money under any guise and for whatever purpose.

President Akufo-Addo, has a duty to protect the pension funds of Ghanaian workers from any interference that could put it in jeopardy and create more problems for them when they retire

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

NPP MPS lose their testicles & flee from   Ofori-Atta’s dismissal motion

Next Post

Ons Jabeur, Salima Rhadia Mukansanga and Joy Ngozi Ezeilo join others on the BBC’s 100 Women list 2022.

RelatedPosts

No Content Available
Next Post
Ons Jabeur, Salima Rhadia Mukansanga and Joy Ngozi Ezeilo join others on the BBC’s 100 Women list 2022.

Ons Jabeur, Salima Rhadia Mukansanga and Joy Ngozi Ezeilo join others on the BBC’s 100 Women list 2022.

FOSDA pushes for more effective revenue mobilization using technology

FOSDA pushes for more effective revenue mobilization using technology

Moove Secures $30mn financing for UAE expansion

Moove Secures $30mn financing for UAE expansion

Leave Comment
No Result
View All Result

Recent Posts

  • Promote Girl Child Education- Speaker Bagbin urges Yaluvi – Lokukope Queen-mother
  • Hitman appeal to NDC to intervene as three Techiman Chiefs frustrate him
  • NDC presidential hopefuls Kobeah, Duffour vetted
  • Will The NDC focus its attention on the new CI by the EC?
  • Why John Mahama wept over 35 ‘Pay As You Go’ NDC MPs
  • About
  • Advertise
  • Privacy & Policy
  • Contact

Copyright © 2022 The Herald Ghana. All Rights Reserved

No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World

Copyright © 2022 The Herald Ghana. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist