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Finance Ministry Reacts To Tier 2 Pension Investments Discount Speculation

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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.

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“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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