The Ministry of Finance has reacted to claims that about 94 percent of Tier 2 pension contributions placed in government securities will be affected by a supposed debt restructuring move by the government.
The reports had suggested that about GH¢3.7 billion of the GH¢3.9 billion Tier 2 pension contributions placed in government securities may be affected by the Debt Restructuring Programme.
But a statement issued by the Public Affairs Unit of the Ministry of Finance said such fears and publications were without merit and do not auger well for the country’s financial sector.
“These publications and social media advisories” are without merit and are designed to undermine confidence in Ghana’s financial sector,” the Ministry stressed in the statement.
Attached below is a copy of the statement:
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