Debt exchange

Health Workers Drop Roadmap To Shut Down Facilities Over Debt Exchange
22 Dec

Health Workers Drop Roadmap To Shut Down Facilities Over Debt Exchange

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The Joint Health Sector Unions and Professional Associations say all public health facilities will be completely shut down by January 9, 2023. This will arise if government fails to exempt the pension funds of organized labour from the Debt Exchange Programme. It comes on the back of threats of a public sector shutdown by organized labour beginning Tuesday, December 27, 2022, over the debt restructuring move. The health groups have backed the indefinite strike as services of health workers will be withdrawn in phases. The Joint Health Sector Unions and Professional Associations is made up of Ghana Medical Association, Ghana…
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Gov’t Refusing To Consult All Labour Unions On Debt Exchange Untrue- Lady Vera Wiredu
08 Dec

Gov’t Refusing To Consult All Labour Unions On Debt Exchange Untrue- Lady Vera Wiredu

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Member of the National Communications Team for the New Patriotic Party, Lady Vera Wiredu, has debunked allegations made by Labour Unions that the Government failed to consult them before the introduction of the Debt Exchange program. Speaking in an interview with Kwaku Dawuro, on Movement In The Morning on Movement TV/Wontumi radio, Lady clarified that the government was in the process of consulting the Labour Unions gradually, since it could not be done at once. She said ''I'll be very hurt if anyone says Government did not consult them. You know the government consults the Labour Unions before making any…
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Debt Exchange: Stress Tests Conducted For Banks, Insurance Firms, Asset Managers, Others
08 Dec

Debt Exchange: Stress Tests Conducted For Banks, Insurance Firms, Asset Managers, Others

wontumionlineBusiness,
Following the creation of the Debt Exchange Programme by the Finance Minister Ken Ofori-Atta, the Bank of Ghana (BoG) has announced that stress tests have been conducted by the relevant financial sector regulators to estimate the potential impact of the programme for banks, specialised deposit-taking institutions (SDIs), insurance firms, asset managers, collective investment schemes, pension fund trustees, and regulated pension schemes, that could result from their participation in the debt exchange. The BoG said to help manage the potential impacts of the Debt Exchange on the financial sector, financial sector regulators will deploy all regulatory and supervisory tools to mitigate risks…
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