The Finance Minister, Ken Ofori-Atta, has been instructed by the Speaker of the House of Representatives not to touch pensioner funds.
According to Alban Bagbin, the current financial problem may be resolved without using pensioner monies.
The former Nadowli Kaleo MP concluded the House’s session on Thursday, February 16, by stating that Parliament will oppose any attempt to incorporate pensioner monies in the Domestic Debt Exchange Program (DDEP).
“what I can tell you is that leave our pensioners alone. You can solve the problem without touching their small money.”
All retirees who did not tender their old bonds for new ones during the exercise have already been spared from the program, according to the Finance Minister.
Speaking to the legislature on the status of the domestic debt exchange program, Mr. Ofori-Atta said retirees shouldn’t be concerned.
Mr. Ofori-Atta continued by saying that he had formally written to the bondholders of pensioners who did not sign up for the Programme to inform them that they were free from the process.
“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.”