Audio By Carbonatix
The Technical University Teachers’ Association of Ghana (TUTAG), has rejected the Ministry of Finance’s Domestic Debt Exchange programme, claiming the move defies investment logic.
It comes after a similar release from the Ghana Medical Association which believes the policy will have a negative impact on healthcare delivery.
TUTAG in a statement issued on December 7 said the retirement contributions of members invested in government bonds and pension benefits stand to be negatively affected if the government implements its proposal.
On Monday, the government announced the programme which is supposed to cut bond interest with zero percent coupon rate in 2023.
The move is said to be a requirement for an economic recovery programme from the International Monetary Fund (IMF).
Below is the release from TUTAG:
Latest Stories
-
COCOBOD Deputy CEO welcomes probe amid conflict of interest allegations
22 minutes -
152 bales of suspected cannabis intercepted in Western Region, three arrested
23 minutes -
Cats and dogs are family, not meat – ICS demands a total ban
31 minutes -
Gov’t may consider tax cut if revenue leakages are sealed – Deputy Finance Minister
39 minutes -
Devastating Zabzugu Market fire leaves traders with huge losses
40 minutes -
Samini’s ORIGIN8A surges to no. 1 on Ghana Shazam chart, hits over 1 million streams on Audiomack
1 hour -
Chad shuts border with Sudan after cross-border incursion kills its troops
1 hour -
Poison in our cooking pots: study links Ghana’s aluminium cookware to lead exposure: A policy commentary
1 hour -
TCDA celebrates success of first Ghana Tree Crops Investments Summit with Thanksgiving Service
1 hour -
Richmond Eduku: Unlike before, Central Bank’s financing of government’s deficit has been curtailed
1 hour -
Support youth to venture into farming – Gov’t urged
1 hour -
Nsarkoh criticises NPP, NDC over inequality and galamsey failures
2 hours -
KATH Orthopaedic Unit raises alarm over surge in road accident cases
2 hours -
Joseph Abaa Akaseke: Bongo DCE dies after short illness
2 hours -
Poor storage, expensive seeds driving Ghana’s tomato shortages and glut – PFAG
2 hours