The Ministry of Finance has reacted to media reports that about 94% of Tier 2 pension contributions placed in government securities will be affected by debt restructuring moves by the government.
The Ministry described the media reports as false.
The media 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 the Ministry of Finance said “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.
“We, therefore, encourage all Ghanaians to disregard these publications, which are in no way reflective of the progress of work being done with the IMF.”