The Ministry of Finance has denied rumors that Tier 2 pension investments in government securities would be discounted by 94%.
The reports were dismissed by the ministry in a statement, which insisted that they were unfounded and meant to erode trust in Ghana’s financial industry.
In fact, they rather erode investor confidence and add to currency pressures.
The government’s discussions with the IMF on a program to restore macroeconomic stability are moving forward slowly both Accra and Washington, D.C.
The Post-Covid Economic Growth Programme is intended to boost our nation’s economy and deliver stability and relief.
The public was also asked to ignore the releases, which “are in no way reflective of the progress of work being done with the IMF,” according to the statement.
The government will keep working toward this goal and make sure that investors’ best interests are upheld at all times, it was emphasized.
Read the full statement below: