Business News of Wednesday, 1 February 2017
The minister-nominee for Employment and Labour relations, Ignatius Baffuor-Awuah says he will investigate the cause of the delay in payment of tier two pension allowances.
According to him, he will collaborate with the relevant agencies such as the National Pensions Regulatory Authority (NPRA) to conduct the investigations.
Public sector workers have embarked on strikes over the non-payment of tier two pension contributions to their respective fund managers.
After the last protest, the Chairman of the Forum of Public Sector Labour Unions and Executive Secretary of CLOGSAG, Dr Isaac Bampoe told Citi News, that workers want their second tier pension contributions tobe transferred to our custodian banks.
According to the nominee, there is the need for accurate data on all public sector workers to get government to pay back all monies owed the workers.
“What I seek to do is to conduct and independent investigation into the issues of second tier pension. I will have to work it out through the respective agencies through the NPRA because we have to get the right figures and also get government to pay back that which it is owing. I don’t see why government should be keeping workers’ money for all that while.”
Mr Barfuor-Awuah said although he had been assured that government was keeping the money at the Bank of Ghana and attracting interest at a treasury bill rate, he will verify the claim to ascertain its veracity.
The nominee said in addressing unemployment in the country, he will first ensure that a national data was gathered on unemployment to get the actual number of unemployed people in the country and map out the geographical location as well as the demographics of the unemployed people.
According to him, this will help his ministry identify the appropriate interventions to help address the unemployment situation in the country.