The Ghana Medical Association(GMA) has warned government not to touch their contributions to the pension scheme following government debt restructuring process.
As part of the debt restructuring process, government said there will be a cut in bond interest with no coupon payment for 2023.
Meanwhile GMA believes such measures will “result in a significant loss in value of our pensions in real terms over the next 5-15 years and beyond.”
Speaking on Oyerepa Breakfast Show, Dr. Frank Serebour, President of the Association revealed that his outfit after careful consideration following the announcement by the Minister of Finance on the Debt Exchange Programme believes that it is injurious to the interest of contributors to pension schemes.
However, the association demands that government should as a matter or urgency exempt pensions and other related investment funds completely from the debt restructuring process.
He unveiled that the his association will oppose any attempt by the government to touch their pension pay as far as the debt exchange programme is concerned.
Source: Oyerepafmonline.com/ Nana Freduah Agyemang Derrick
