{"id":1264985,"date":"2022-12-14T10:59:16","date_gmt":"2022-12-14T10:59:16","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/12\/14\/we-wont-allow-you-to-forcibly-take-our-pension-while-yours-is-secured-prof-gyampo-tells-ofori-atta\/"},"modified":"2022-12-14T10:59:16","modified_gmt":"2022-12-14T10:59:16","slug":"we-wont-allow-you-to-forcibly-take-our-pension-while-yours-is-secured-prof-gyampo-tells-ofori-atta","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/12\/14\/we-wont-allow-you-to-forcibly-take-our-pension-while-yours-is-secured-prof-gyampo-tells-ofori-atta\/","title":{"rendered":"We won\u2019t allow you to forcibly take our pension while yours is secured – Prof. Gyampo tells Ofori-Atta"},"content":{"rendered":"

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A senior lecturer at the University of Ghana, Professor Ransford Gyampo has fired the Finance Minister over the government\u2019s debt exchange programme.\u00a0<\/p>\n

Professor Gyampo said Mr Ken Ofori-Atta cannot take the pension funds of others while his is kept elsewhere.\u00a0<\/p>\n

According to him, the move will be opposed vehemently.\u00a0<\/p>\n

In a Facebook post on Tuesday, December 13, the lecturer said Mr Ofori-Atta\u2019s soft tone can only \u201cdeceive\u201d parliamentarians.\u00a0<\/p>\n

\u201cDear KOA, Yes, a destabilised macroeconomy is an enemy of pension. But we won\u2019t allow you to forcibly take our pension while yours is secured elsewhere.\u00a0<\/p>\n

\u201cYour soft tone can only deceive parliament\u2019s censure committee, not labour,\u201d he posted.\u00a0<\/p>\n

The programme which was announced by the Finance Minister, Ken Ofori-Atta on Sunday, December 4, is aimed at realigning some domestic bonds.\u00a0<\/p>\n

This, when achieved, will give the government fiscal space ahead of the bailout package from the International Monetary Fund (IMF).<\/p>\n

Mr Ofori-Atta in a subsequent presser on Monday said the government was inviting \u201cholders of domestic debt to voluntarily exchange approximately \u00a2137 billion of the domestic notes and bonds of the Republic, including E.S.L.A. and Daakye bonds, for a package of New Bonds to be issued by the Republic.\u201d<\/p>\n

The domestic debt exchange programme, which is a Government initiative seeks to classify domestic bonds into four categories to create fiscal space as part of preparations to qualify Ghana for an IMF facility.<\/p>\n

The Minister also promised that there will be no haircuts on principals but the venerable chief disagrees.<\/p>\n

But since the announcement, a number of groups had publicly voiced their rejection of the programme.\u00a0<\/p>\n

Groups such as the Trades Union Congress (TUC), the Ghana Medical Association (GMA) and others have openly rejected the idea.<\/p>\n

According to them, the move will not auger well for their members.<\/p>\n

They have thus vowed not to allow government to succeed in this quest.\u00a0<\/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":"

A senior lecturer at the University of Ghana, Professor Ransford Gyampo has fired the Finance Minister over the government\u2019s debt exchange programme.\u00a0 Professor Gyampo said Mr Ken Ofori-Atta cannot take the pension funds of others while his is kept elsewhere.\u00a0 According to him, the move will be opposed vehemently.\u00a0 In a Facebook post on Tuesday, […]<\/p>\n","protected":false},"author":1,"featured_media":1200984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1264985","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\/1264985","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=1264985"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1264985\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1264985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1264985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1264985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}