DDEP: Leave our pensioners alone – Bagbin tells Ken Ofori Atta

DDEP: Leave our pensioners alone – Bagbin tells Ken Ofori Atta

The Speaker of Parliament, Alban Kingsford Bagbin has asked the Finance Minister, Ken Ofori-Atta, not to include monies belonging to pensioners in the current Domestic Debt Exchange Programme (DDEP).
According to the Speaker of Parliament, the current economic crisis can be solved without the funds of the pensioner. 
Wrapping up on the business of the House on Thursday, February 16,2023, the former Nadowli Kaleo MP said Parliament will resist any attempt to include funds of pensioners in DDEP. 
Mr.Bagbin stated that “what I can tell you is that leave our pensioners alone. You can solve the problem without touching their small money.”
In his address to Parliament on DDEP, Mr Ofori-Atta said the pensioners have nothing to worry about.
Mr Ofori-Atta noted that he has officially written to the pensioner bondholders who did not sign onto the Programme about their exemption from the exercise.
“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.”
Ghana is currently requesting a $3 billion bailout from the IMF to bolster the struggling national economy, and before the board would evaluate Ghana’s request, one of the requirements is the domestic debt restructuring scheme.
It must be noted that a staff-level agreement between Ghana and the IMF was achieved in December, opening the door for the $3 billion rescue.

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