The Trades Union Congress (TUC) expressed worry about the program’s potential detrimental effects on employees’ pensions, whereas the Minority in Parliament claimed that the exercise’s form and structure were ineffective and that they would, therefore, not accept it.
On the other side, a financial advice company, Deloitte Ghana, wanted to know whether investors would have the choice to immediately liquidate their investments or would be compelled to roll over onto the new programme.
The Ghana Registered Nurses and Midwives Association (GRNMA), which said pension funds were a collection of individual contributions and the management alone could not decide for everybody, also expressed shock and displeasure at the situation.
Manasseh Atta Boateng said, “When the Domestic Debt Exchange programme was introduced in the 2023 budget, some individuals were apprehensive that their funds would be affected. He was speaking on Atinka TV’s morning programme, Ghana Nie with Ekourba Gyasi Simpremu. Some people have also misrepresented the government and the issue as a whole, asserting that some elements of the programme are fake.
Others are being made to withdraw their money out of fear of losing it by some persons, but we can assure you that this is not the case.
