{"id":72656,"date":"2023-06-01T18:14:17","date_gmt":"2023-06-01T18:14:17","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/06\/01\/organised-labour-to-consider-new-debt-exchange-programme-after-meeting-govt\/"},"modified":"2023-06-01T18:14:17","modified_gmt":"2023-06-01T18:14:17","slug":"organised-labour-to-consider-new-debt-exchange-programme-after-meeting-govt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/06\/01\/organised-labour-to-consider-new-debt-exchange-programme-after-meeting-govt\/","title":{"rendered":"Organised Labour to consider new Debt Exchange Programme after meeting gov&#8217;t"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"459\"  alt=\"\" title=\"Dr-Yaw-Baah-right-with-Nana-Addo\" src=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/06\/Dr-Yaw-Baah-right-with-Nana-Addo.jpg\" data- class=\"entry-thumb lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"459\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/06\/Dr-Yaw-Baah-right-with-Nana-Addo.jpg\"   alt=\"\" title=\"Dr-Yaw-Baah-right-with-Nana-Addo\"\/><\/noscript><\/div>\n<p><strong>Organised Labour has served notice it will consider the \u201cmore superior\u201d Domestic Debt Exchange Programme proposed by government on Thursday, June 1.<\/strong><\/p>\n<p>Spokesperson of Organised Labour Dr Anthony Yaw Baah said the new offer presented seems \u201cvery clear\u201d though they will need more information to take a decision on it.<\/p>\n<p>This followed a presentation made to Labour by government led by the Ministry of Finance, represented by the Minister of State, Dr Mohammed Amin Adam, and in the presence of the Minister of Employment and Labour Relations, Ignatius Baffour Awuah.<\/p>\n<p>Speaking to <strong>Media General<\/strong>\u2018s Daniel Opoku after the presentation on Thursday, June 1, Dr Yaw Baah, who is also the Secretary General of the Ghana Trades Union Congress (TUC), insisted the session, though cordial, had very technical details to be further looked into by Labour\u2019s team of experts.<\/p>\n<p>\u201cThey are trying to present something which is superior to what we rejected and it has very very technical details that I cannot explain,\u201d he admitted.<\/p>\n<p>\u201cThat is why we have put together our technical team to look at it for us.\u201d<\/p>\n<p>He said the government explained that the previous one which was rejected by Organised Labour has been reviewed and the acceptance of the new one with new offers for principals and interests would enable the country return to the bond market.<\/p>\n<p>\u201cWe thanked them and we assured them that we will consider the offer, so we are working on it but we need further information and that further information has to do with \u2018Exchange Memorandum\u2019 which was not presented.\u201d<\/p>\n<p>He said the new offer is more understandable but \u201cfor now the decision has not been made whether we are going to encourage our pension funds to be part in the new deal or take the offer or not\u201d.<\/p>\n<p>\u201cWe need more information about it.\u201d<\/p>\n<p>On Thursday, April 20, Organised Labour met on the new offer after reports circulated that the Ministry of Finance had written to the Board of Trustees of Pension Funds for participation in the new debt restructuring programme.<\/p>\n<p>Then, it was said to be one of the conditionalities of the International Monetary Fund (IMF) programme.<\/p>\n<p>With the programme sealed, government is expected to roll out measures to restore confidence into the economy.<\/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>Organised Labour has served notice it will consider the \u201cmore superior\u201d Domestic Debt Exchange Programme proposed by government on Thursday, June 1. Spokesperson of Organised Labour Dr Anthony Yaw Baah said the new offer presented seems \u201cvery clear\u201d though they will need more information to take a decision on it. This followed a presentation made [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-72656","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Organised Labour to consider new Debt Exchange Programme after meeting gov&#039;t - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/06\/01\/organised-labour-to-consider-new-debt-exchange-programme-after-meeting-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Organised Labour to consider new Debt Exchange Programme after meeting gov&#039;t - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Organised Labour has served notice it will consider the \u201cmore superior\u201d Domestic Debt Exchange Programme proposed by government on Thursday, June 1. 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