Ken Ofori-Atta Speaks; Pensioners To Be Excluded From Debt Exchange Programme
Minister of Finance Ken Ofori Atta has given the strongest hint, yet that pensioners will not be included in the revised Domestic Debt Exchange Programme (DDEP).
“As I’ve said, our main concern is that, as in any society, we don’t want a society that doesn’t protect the elderly,” he said in his opening remarks before a roundtable meeting with the leaders of different bondholder groups at the ministry of finance.
This is because older people, under the umbrella of the Pensioner Bondholders Forum, made it clear that they didn’t want to be a part of the Programme when the terms were changed to include individual bondholders.
They said that they depended on coupon payments and were too old for the new bonds that were being proposed.
Mr. Ofori-Atta also tried to calm people’s fears that the government would try to force people to take part in the Programme by stressing that it was completely voluntary.
“I think we should make it clear that this is something people are doing on their own. “I’ve seen some very dramatic videos that make it look like the Program has already started, which isn’t true,” he said.
After the next round of meetings with stakeholders, the finance minister was optimistic that the minimum participation rate of 80% would be reached by the new deadline of January 31.
READ ALSO: Ghana Government’s 1 Student-1 Tablet in SHS: A great initiative?: Kofi Asare of Eduwatch writes.
Send Stories | Social Media | Disclaimer
Send Stories and Articles for publication to [email protected]
We Are Active On Social Media
WhatsApp Channel: JOIN HERE
2024 BECE and WASSCE Channel - JOIN HERE
Facebook: JOIN HERE
Telegram: JOIN HERE
Twitter: FOLLOW US HERE
Instagram: FOLLOW US HERE
Disclaimer:
The information contained in this post on Ghana Education News is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.