The Ghana Registered Nurses and Midwives Association (GRNMA) is rejecting the government’s debt exchange programme.
The Association says government denying pensioners access to their tier 3 funds after 5-15 years of waiting for maturity on their investments is unacceptable.
In a statement signed by the President of GRNMA, Perpetual Ofori Ampofo, the group described the debt exchange program as unfair, since their pensioners will bear the brunt of the government’s fiscal indiscipline through the debt exchange programme.
“The leadership of the Ghana Registered Nurses and Midwives Association (GRNMA) wishes to register its dismay and disappointment at the proposed debt exchange programme as announced by the Minister of Finance on December 5, 2022.”
“It is unacceptable that a government that budgets 18% inflation in 2023 will consider zero interest for pension funds of poor, hardworking, law-abiding citizens within the same period.”
Government launched the Debt Exchange Programm on Monday, December 5, 2022, as part of efforts to reduce the country’s debt burden.
While launching the programme, the Minister of Finance, Ken Ofori-Atta said the following:
“Under the domestic bonds exchange programme, domestic bondholders will be asked to exchange their instruments for new ones. Existing domestic bonds as of 1st December 2022 will be exchanged for a set of four new bonds maturing in 2027, 2029, 2032 and 2037.
“The annual coupon on all these bonds will be set at zero percent in 2023, 5 percent in 2024 and 10 percent from 2025 until maturity… In line with this, treasury bills are completely exempted, and all holders will be paid the full value of their investments on maturity. There will be no haircuts on the principal of bonds, and individual holders of bonds will also not be affected.” the Finance Minister, Ken Ofori-Atta, in a public address on Sunday, December 4, 2022
The Accra Collective of the Socialist Movement of Ghana (SMG) notes with deep concern the…
Majority Leader Mahama Ayariga says Cabinet has approved substantial funding for the National Food Buffer…
BY SEGUN ADEBAYO – Amid ceaseless reports of lecturers coercing students for grades, admission advantages…
Professor Grace Chidozie Ononiwu CBE is a solicitor and Chief Crown Prosecutor and Director General…
“COZUELA” is a concept launched by the Fourth Way current of ideas and movement, which…
The Spokesperson and Press Secretary to the Vice President, Ama Pratt, has reaffirmed President John…
View Comments
Cool blog! Is your theme custom made or did you download it from somewhere?
A design like yours with a few simple tweeks would really make my blog shine.
Please let me know where you got your design. Kudos
Hi! This post could not be written any better! Reading this post reminds me of my
old room mate! He always kept talking about this. I will forward this
post to him. Fairly certain he will have a good read.
Thanks for sharing! https://Www.Recruiterwiki.de/Benutzer:CrystleOShane34
Fantastic items from you, man. I've consider your stuff previous to and
you're simply extremely magnificent. I really like what you've got here, really like what you are saying
and the way wherein you assert it. You're making it enjoyable and
you continue to care for to keep it sensible. I can not wait to learn much more
from you. That is really a great web site.
Here is my blog - scrap yard
My bгotһer recommended I might like this web site.
He was entirely right. This post tгᥙly maee my day.
You can not believe simply how much tjme I
had spent foor this info! Thanks!
Hi, I read your blogs like every week. Your writing style is
awesome, keep doing what you're doing!
Truly when someone doesn't know then its up to other people that they will help,
so here it occurs.
Also visit my webpage ... PoLAROid.WikI
I havе been surfing on-line greater than three h᧐urs lately,
yet I never Ԁiscoverеd any іntereѕting article
like yours. It's beautiful worth sufficient
for me. In myy opinion, if alⅼ webmasters andd bloggeгs made excеllent content as you did, the
internet will be much more helρfսⅼ than ever before.
Hello, i read your blog occasionally and i own a similar one and i was just wondering if you get
a lot of spam responses? If so how do you stop it, any plugin or anything you can recommend?
I get so much lately it's driving me mad so any assistance is very much appreciated.
Thanks for sharing your thoughts about tire shop longview wa.
Regards
My page - buscar yonke cerca de mí
I'm extremely impressed with your writing abilities as well as with
the structure to your blog. Is that this a paid theme or did you customize it
your self? Either way stay up the nice high quality writing,
it's uncommon to see a nice blog like this one today..