Re-inclusion of Pension Funds in DDE; Organized Labour react

Pension Funds were initially part of the Debt. Exchange Programme By Government. Organised Labour reacted negatively by calling a strike action, All workers in Ghana to Strike on 27th December, 2022

This made government to exempt Pension Funds from the Debt Exchange Programme

Recent media circulations have it that, government has deceived workers and has added Pension Funds to the Debt Exchange Programme.

Here is the Reaction of Organised Labour on the issue

Press release by Organised Labour on current information in the Public Space in relation to the Domestic Debt Exchange Programme and Pension Funds.

Following a meeting held at the TUC hall on 1st February, 2023, by Organised Labour, it was resolved that

Per the Agreement between Government of Ghana and Organised Labour, signed on Thursday, 22nd December, 2022, with the Finance Minister, Hon Ken Ofori -Atta and Hon. Ignatius Baffour-Awuah, Minister for Employement and Labour Relations, executing same on behalf of the Organised Labour, paragraph 1 states as follows

”Government has decided to grant exemption to all pension funds in the DDE programme”

Organised Labour hereby reiterates that, this Position is FINAL as far as involvement of Pension Funds in the DDEP is concern. By this, Organised Labour and all our Pension Schemes are not participating in any DDE programme as per aforementioned exemption from Government.

Any contrary communication or position is alien to us and should be dismissed by all well meaning Ghanaians. Any attempt to go contrary to this agreement will be fiercely resisted by organised Labour.

We assure all workers of Ghana that, Organised Labour will continue to safe Guard their interest at all times

Signed by Dr. Anthony Yaw Baah; Secretary General TUC

Dr. Isaac Bampoe Addo ;Chairman Forum

Mr. Kenneth Koomson; Deputy General Secretary, GFL