Home Headlines 94% Discount of Tier 2 Pension Investments Claims Untrue

94% Discount of Tier 2 Pension Investments Claims Untrue

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Finance Minister Ken Ofori-Atta

The Ministry of Finance has refuted claims of government planning to issue a 94 per cent discount of Tier 2 pension investments in government securities.

It has also dissociated itself from widely circulated social media content and traditional media publications encouraging a switch from securities to forex as a store of value.

“These publications and social media advisories are without merit and are designed to undermine confidence in Ghana’s financial sector.

“Indeed, they rather contribute to pressures on the currency and undermine investor confidence, ” the Ministry said in a press statement released on Friday.

The Ministry assured of a steady progress of Government’s engagements with the IMF on a programme both in Accra and in Washington D.C. to restore macro-economic stability.

“The Post- Covid Economic Growth Programme is designed to bring growth, stability, and relief to our country, ” the stressed.

The publication, the Ministry said was in no way reflective of the progress of work being done with the IMF.
“For the avoidance of doubt, it must be recalled that the Government of Ghana since 2017, has always protected investors’ interests in the financial sector.

“Government will continue with this objective and ensure that investors’ best interests are upheld at all times, ” the state assured.

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1 COMMENT

  1. GHANA OUR BELOVERED COUNTRY SHOULD HAVE BEEN AMONG THE DEVELOPED COUNTRIES IN THE WORLD AFTER 65YEARS OF INDEPENDENCE WITH RESPECT TO THE RICH NUMERIOUS RESOURCES ( GOLD, DIAMOND, BAUXITE, MANGANESE, OIL, GAS,TIMBER, COCOA,COFFEE,WATER,LAND OF GUINEA SAVANA, SUDAN SAVANA AND THE FOREST AMONG OTHERS )THE HUMAN CAPITAL IS CONK.GOD ALMIGHTY HAS DONE MORE THAN ENOUGH FOR GHANA BUT CITIZENS ARE STILL GASPING IN POVERTY.TO REVERSE THESE SUFERINGS 1. ALL CITIZENS MUST CHANGE ALTITUDES POSITVELY AND BE GOD FEARING. 2.CITIZENS MUST AVOID GREED. 3. CITIZENS MUST HAVE RESPECT FOR ONE ANOTHER. 4.CITIZENS MUST BE FAITHFUL, WORK DELIGENTLY, SAFELY AND PRODUCTIVELY AND GIVE OUT THEIR FARE SHARE PARTLY AS TAX IN SUPPORT FOR GOVERNMENT DEVELOPMENTAL NEEDS.5. GOVERNMENT TO ENSURE THAT TAXES PAID ARE UTILIZED FOR THE PURPOSE MEANT TO ENCOURAGE CITIZENS PAY MORE WHERE THERE IS THE NEED FOR INCREASE. 6. GOVERNMENT TO ENSURE THAT OUR RESOURCES SHOULD NEVER BE SOLD IN A RAW STATE BUT INDUSTRIES ARE BUILT TO PRODUCE THEM AND THIS COULD EVEN REDUCE THE EMPLOYMENT SITUATION IN THE COUNTRY AND FURTHER IMPROVES ON GOVERNMENT CASH FLOW. FINALLY WE SHOULD AVOID CRITICISMS, COMDEMNATIONS AND ACCUSATIONS, SUGGEST WHAT MUST BE DONE TO IMROVE THE SITUATION AND IT ENDS THERE.IN CONCLUTION, I SAY ONE NATION, ONE PEOPLE WITH COMMON DESTINY. MAY GOD BLESS OUR HOMELAND GHANA AND MAKE US GREAT AND STRONG NOW AND FOREVER MORE. AMEEN.

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