Pension Funds

Domestic Debt Exchange Programme: Pension Funds Next? It Is Off The Table — Ofori-Atta
18 Apr

Domestic Debt Exchange Programme: Pension Funds Next? It Is Off The Table — Ofori-Atta

wontumionlineBusiness,
Ghana’s Finance Minister, Ken Ofori-Atta, was coy with his answers when asked the simple question as to what exactly was his plea to labour unions to help the government seal a US$3-billion bailout from the International Monetary Fund (IMF) last Sunday. At a press briefing in Washington, DC, to wrap up the week-long IMF/World Bank Spring Meetings, Mr Ofori-Atta had called on organised labour and Ghanaians in general to help the government shoulder the burden of economic revitalisation. Earlier reports last week had pointed to a possible revisit of the exemptions offered pension funds from the Domestic Debt Exchange Programme…
Read More
Pension Funds Exempted From Debt Exchange Programme
23 Dec

Pension Funds Exempted From Debt Exchange Programme

wontumionlineBusiness, ,
Government has announced an exemption of all pension funds from the Debt Exchange Programme. This follows a meeting between Organised Labour, Ministry of Employment and Labour Relations, the Finance Ministry, National Security Ministry and all other parties involved on Thursday, December 22. The exemption of all pension funds, however, is subject to the government and Organised Labour working together to explore mutually beneficial options within the debt sustainability terms. After the meeting on Thursday, through a Memorandum of Understanding (MoU) between the government and Organised Labour, a seven-member committee was formed to explore technical solutions to bring the debt threshold…
Read More