General News of Tuesday, 3 February 2015
An Accra Industrial Court has set Monday, February 16, 2015 as date on which to rule the case between the Central Bank and the Forum for Public Sector Registered Pension Schemes, which is an association of 12 labour unions.
The Forum filed a counter-claim against the Bank of Ghana over the second-tier pensions after government dragged the 12 members to court over their intended industrial action last year.
In its counter-claim, the Forum prayed the court to enjoin the Bank of Ghana to disclose the exact amount in its custody.
However, counsel for the Bank Samuel Codjoe told the court that the National Pensions Act does not give it the power to access and invest the funds.
The counsel said it is only the National Pensions Regulatory Authority (NPRA) that has the power to access and invest the funds, praying the court to direct the labour unions to find answer to the exact amount accrued from NPRA.
Lead counsel of the 12 labour unions, Anthony Akoto Ampaw, however, described the Bank’s claims as unreasonable.
He, therefore, prayed the court to order an independent audit to determine whether the Central Bank has invested the money or not.
The court presided over by Justice Saeed Gyan set February 16 for final ruling on the matter.