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The Trades Union Congress (TUC) Secretary General, Dr. Yaw Baah, has reiterated the Union’s call for the government to keep its promise of excluding pensioners from the Domestic Debt Exchange Programme (DDE) to safeguard their pension funds. He reminded the President of the memorandum of understanding signed on December 22, 2022, which clearly exempted all pension funds from the DDE programme. Dr. Yaw Baah urged the government not to touch their pension funds.
Dr. Yaw Baah also announced that the President had assured the Union that eligible pensioners who are yet to receive their top-ups would be paid their delayed lump sum. The protection of pension funds remains the Union’s top priority. The International Labour Day Celebration was held earlier in the day at the Jubilee Park, Bolgatanga, in the Upper East Region, and was graced by the President.
The Finance Minister, Ken Ofori-Atta, has proposed that pension funds be included in the government’s new debt restructuring offer to ease cash constraints in the coming years; while fully compensating pension funds for the value of their current holdings. This proposal is in contrast to organized labor’s rejection of including pension funds in the Domestic Debt Exchange Programme.
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Source: Omanghana.com
