The Ghana National Association of Teachers (GNAT) has entered the ongoing discussion about the upcoming Debt Exchange Program that the government plans to implement.
The teachers claim that they are interested participants in the domestic bond market, which is supported by the Teachers Fund and its subsidiaries as well as the Tier-3 Pension Scheme, among other entities.
According to a press statement from GNAT dated December 7, 2022, funds are measures the organization has made to improve members’ life both while they are in the service and after retirement.
“It would therefore be suicidal for any government to touch our funds and unruffled our teachers financially, both in active service and retirement.
“We hereby inform our members (teachers) that the Ghana National Association of Teachers (GNAT) has not been invited to any discussion on Domestic Debt Exchange and our stance remain unwavered,” the release signed by General Secretary for GNAT, Thomas Tanko Musah stated.
The statement went on to say, “We further wish to reassure them that their contributions and savings remain intact, and that we shall fiercely and vigorously resist any attempt to touch the said contributions and savings by the government under any debt exchange, debt structural adjustment, or whatever measure would short-change our members, both in active service and retirement.”
Read the statement below: