{"id":1269758,"date":"2022-12-24T13:45:43","date_gmt":"2022-12-24T13:45:43","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/12\/24\/exemption-of-pension-funds-it-was-a-wise-decision-austin-gamey\/"},"modified":"2022-12-24T13:45:43","modified_gmt":"2022-12-24T13:45:43","slug":"exemption-of-pension-funds-it-was-a-wise-decision-austin-gamey","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/12\/24\/exemption-of-pension-funds-it-was-a-wise-decision-austin-gamey\/","title":{"rendered":"Exemption of Pension Funds: It was a wise decision &#8211; Austin Gamey"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"518\" height=\"349\"  alt=\"\" title=\"gamey\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/gamey.webp\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"518\" height=\"349\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/gamey.webp\"   alt=\"\" title=\"gamey\"\/><\/noscript><\/div>\n<p><strong>Labour expert Austin Gamey has lauded government for yielding to the demands of Organised Labour by taking a decision to exempt pension funds from the newly introduced Domestic Debt Exchange (DDE) Programme.<\/strong><\/p>\n<p>The decision was taken on Thursday, December 22 after a crunch meeting with Organised Labour.<\/p>\n<p>A memorandum of understanding (MoU) jointly signed by the Minister of Employment and Labour Relations Ignatius Baffour Awuah, Minister of Finance Ken Ofori-Atta and Secretary General of the Trades Union Congress (TUC) Dr Anthony Yaw Baah said: \u201cGovernment has decided to grant exemption to all pension funds in the DDE Programme.<\/p>\n<p>\u201cGoG and Organised Labour\/Associations shall, however, work together to explore mutually beneficial options within debt sustainability limits and to also promote macroeconomic stability and economic recovery in the spirit of social partnership.\u201d<\/p>\n<p>Speaking on <em>Ghana Tonight<\/em> on\u00a0<strong>TV3 <\/strong>on Thursday, December 22, Mr Gamey said the decision was appropriate.<\/p>\n<p>\u201c[Government] really had no choice particularly because of the enormity of of the pressure that\u2019s been brought to bear on them.<\/p>\n<p>\u201cI think it is a wise thing they did by no matter how it will be described as a wise thing to do at this point in time to yield to the pressures. It is appropriate at this point in time.\u201d<\/p>\n<p>Organised Labour had threatened to proceed on indefinite strike if government did not yield to their demands.<\/p>\n<p>They had scheduled Tuesday, December 27 as date on which to proceed on the declared strike.<\/p>\n<p>Thursday\u2019s decision therefore stalls the intention by the workers to strike.<\/p>\n<p><a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/kwame_amoh?ref_src=twsrc%5Etfw\" data-show-count=\"false\">Follow @kwame_amoh<\/a><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Labour expert Austin Gamey has lauded government for yielding to the demands of Organised Labour by taking a decision to exempt pension funds from the newly introduced Domestic Debt Exchange (DDE) Programme. The decision was taken on Thursday, December 22 after a crunch meeting with Organised Labour. A memorandum of understanding (MoU) jointly signed by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1211785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1269758","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1269758","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=1269758"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1269758\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1269758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1269758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1269758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}