{"id":1239753,"date":"2022-10-31T16:00:20","date_gmt":"2022-10-31T16:00:20","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/31\/haircuts-my-understanding-is-that-no-principals-will-be-touched-oppong-nkrumah\/"},"modified":"2022-10-31T16:00:20","modified_gmt":"2022-10-31T16:00:20","slug":"haircuts-my-understanding-is-that-no-principals-will-be-touched-oppong-nkrumah","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/31\/haircuts-my-understanding-is-that-no-principals-will-be-touched-oppong-nkrumah\/","title":{"rendered":"Haircuts: My understanding is that no principals will be touched &#8211; Oppong Nkrumah"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"410\"  alt=\"\" title=\"Kojo Oppong Nkrumah\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/1665656114_989_Kojo-Oppong-Nkrumah-696x410.png\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"410\" class=\"entry-thumb td-modal-image\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/1665656114_989_Kojo-Oppong-Nkrumah-696x410.png\"   alt=\"\" title=\"Kojo Oppong Nkrumah\"\/><\/noscript><\/div>\n<p><strong>Information Minister Kojo Oppong Nkrumah has said that the President Nana Addo Dankwa Akufo-Addo\u2019s assurance that there will be no haircuts covers on principals.<\/strong><\/p>\n<p>\u201cMy understanding is that no principals will be touched. No principals will have a haircut,\u201d Mr. Nkrumah said.<\/p>\n<p>\u201cThe debt sustainability strategy is yet to be announced in full.\u201d<\/p>\n<p>\u201cWhen they are done with the rest of the strategy, and they come out and do a full announcement, we will have clarity on the form that the debt restructuring will take,\u201d he said.<\/p>\n<p>President\u00a0Nana Addo Dankwa Akufo-Addo\u00a0has assured that no investor will lose his or her money including pensions funds, government treasury bills or instruments if Ghana finally seals a deal with the\u00a0International Monetary Fund\u00a0(IMF).<\/p>\n<p>Mr Akufo-Addo noted that some members of the public have concerns that they will lose their investments if the deal with the Fund is closed,<\/p>\n<p>But delivering an address to the nation on Sunday October 30, Mr Akufo-Addo allayed the fears saying, just as customers\u2019 deposits were saved during the banking sector clean up exercise, no one will lose money in this also.<\/p>\n<p>He said \u201cThere will be no \u2018haircuts\u2019, so I urge all of you to ignore the false rumours, just as, in the banking sector clean-up, Government ensured that the 4.6 million depositors affected by the exercise did not lose their deposits.<\/p>\n<p>\u201cI also want to assure all Ghanaians that no individual or institutional investor, including pension funds, in Government treasury bills or instruments will lose their money, as a result of our ongoing IMF negotiations.\u201d<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Information Minister Kojo Oppong Nkrumah has said that the President Nana Addo Dankwa Akufo-Addo\u2019s assurance that there will be no haircuts covers on principals. \u201cMy understanding is that no principals will be touched. No principals will have a haircut,\u201d Mr. Nkrumah said. \u201cThe debt sustainability strategy is yet to be announced in full.\u201d \u201cWhen they [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1216258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[11520,5359,6421,28304,13288,16773],"class_list":["post-1239753","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-haircuts","tag-nkrumah","tag-oppong","tag-principals","tag-touched","tag-understanding"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1239753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1239753"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1239753\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1239753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1239753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1239753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}