The Ghana Medical Association (GMA) has asked the government to immediately exempt pension funds from the newly introduced debt exchange programme.\u00a0<\/p>\n
GMA says it will vehemently oppose any move that will affect healthcare delivery in the country.<\/p>\n
In a press release issued on Tuesday, the Association said the move will not augur well for its members.<\/p>\n \u201cWe therefore demand as a matter of urgency that the government takes immediate steps to completely exempt pension and other related funds (including the GMA Fund who have investments in GOG instruments) and that no \u201chaircuts\u201d should affect the principal and interests of such investments,\u201d excerpts of the statement read.\u00a0<\/p>\n The Association thus warned that failure by the government to heed to their call will disrupt industrial harmony in the country.\u00a0<\/p>\n \u201cFailure of exempting workers pension funds from \u2018haircuts\u2019 or debt restructuring may result in actions that will disrupt the industrial harmony in the country,\u201d the GMA statement concluded.\u00a0<\/p>\n Following the announcement of the programme by Finance Minister on Sunday, December 4, many institutions have expressed their dissatisfaction with the decision.\u00a0<\/p>\n For instance, the Trades Union Congress (TUC) has said the programme could have a negative impact on its workers\u2019 pension.<\/p>\n In a statement issued by the TUC, Dr Yaw Baah also highlighted the lack of prior engagement with Labour on the part of government in implementing the programme.<\/p>\n \u201cWe have taken a special note of the statement by the Minister for Finance that the Debt Exchange Programme is voluntary. The TUC will scrupulously analyse the propriety or otherwise of the participation of pension funds of its members in the programme,\u201d parts of the statement noted.<\/p>\n DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The Ghana Medical Association (GMA) has asked the government to immediately exempt pension funds from the newly introduced debt exchange programme.\u00a0 GMA says it will vehemently oppose any move that will affect healthcare delivery in the country. In a press release issued on Tuesday, the Association said the move will not augur well for its […]<\/p>\n","protected":false},"author":1,"featured_media":1262343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1262342","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1262342","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=1262342"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1262342\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1262342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1262342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1262342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Immediately](\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/0FAB69D3-B9C8-413A-A371-7097E6D47623-728x1024.jpeg\" "\\"Immediately")