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Do not touch the monies of the pensioners: Bagbin warns

Hon Bagbin has asked the Finance Minister Mr. Ken Ofori-Atta not to touch monies belonging to pensioners

Bernice Adjei by Bernice Adjei
February 16, 2023
in economy, Ghana, Government, Politics
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Do not touch the monies of the pensioners: Bagbin warns

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Speaker of Parliament Hon Bagbin has asked the Finance Minister Mr. Ken Ofori-Atta not to touch monies belonging to pensioners. This happened during the business of the House on Thursday, February 16.

He continued that the current economic crisis can he resolved without the monies of the pensioners.

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Touching on the state of Domestic Debt Exchange Programme, Mr. Ofori-Atta said in Parliament that the pensioners have nothing to worry about since he the Finance Minister has already confirmed that all pensioners who failed to tender their old bonds for new ones under the exercise have been exempted from the Programme.

Mr Speaker, Government remains committed to the well-being and dignity of our Senior Citizens and Pensioners.

“Indeed, it has personally caused me great distress as a number of them have picketed at the premises of the Ministry of Finance since Monday, 6th February 2023.

“As I have already indicated in my Press Release dated 14th February 2023, government will honour their coupon payments and maturing principals, like all Government bonds, in line with Government’s Fiscal commitments.”

Mr. Ofori-Atta added that he has officially written to the bondholders who did not sign unto the Programme about their exemption from the exercise.

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