• About Us
  • Advertise With Us
  • Terms of Use
  • Privacy Policy
  • Contact
Friday, May 9, 2025
Login
Myliberty Media
  • Home
  • News
    • Entertainment
    • Health
    • Business
    • Maritime
    • Technology
    • Events
    • NGO
    • Science
    • Lifestyle
  • Religion
  • Sports
  • Education
  • Economy
  • Environment
  • Crime
  • Parliament
  • Social
  • Politics
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Media
    • TV
    • Radio
    • Podcast
    • Video News
  • Home
  • News
    • Entertainment
    • Health
    • Business
    • Maritime
    • Technology
    • Events
    • NGO
    • Science
    • Lifestyle
  • Religion
  • Sports
  • Education
  • Economy
  • Environment
  • Crime
  • Parliament
  • Social
  • Politics
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Media
    • TV
    • Radio
    • Podcast
    • Video News
MyLiberty Media
  • Home
  • Business
  • Crime
  • Politics
  • Economy
  • Education
  • Entertainment
  • Environment
  • Health
  • Sports
  • Lifestyle
  • Technology
  • Parliament
  • Events
  • General News
  • Politics
  • Religion
  • Maritime
  • Social
  • World
  • Video News
  • TV
  • Radio
  • Podcast
Home Economy

Don’t make us destitute – Pensioners cry for DDEP exemption. 

By Issah Mohammed

Frank Atiase by Frank Atiase
February 6, 2023
in Economy, Headlines
Reading Time: 2 mins read
Economic Pensioners
Share on FacebookShare on TwitterShare on Linkedin

RelatedNews

Ghanaian film ‘The Deadly Obsession’ scheduled for June in Norway

May 2, 2025

Business leaders urged to stay informed, curious to navigate change to drive growth

May 2, 2025

Accra-Ghana, Feb. 06, 2023, GNA – Some members of the Pensioners Bondholders Forum on Monday picketed the Ministry of Finance, demanding exemption from the Government’s Domestic Debt Exchange Programme (DDEP).
They, among other things, appealed to government to not “push pensioners into their early graves” and “not make them destitute” as “pensioners have paid their dues to the nation.”
The forum also said that they had no alternative source of income as they relied on their bond yields to cater for basic needs such as medical care, rent and utility bills.
These messages were carried on placards during the hour and half long event which started at about 0930hours.
About 50 members, some of whom carried their walking aids and chairs to the venue, sang songs such as the national anthem and Osibisa’s “Woyaya” to send messages of nationalism and justice.
Mr Ken Ofori-Atta, the Minister of Finance, addressed the leadership of the forum where he explained that the current economic crisis demanded citizens to help government as government met conditions to secure International Monetary Fund (IMF) bailout by March this year.
He said moving the maturity period of bonds from 12-15 years to 5 years for pensioners and the reduction of average returns on bonds from 18 and half per cent to 15 per cent was a contribution pensioners must make to improve the economy.
“The fight that we are presumably having is the difference between 15 and 18 per cent…the fact of the matter is that, if we don’t get our debt programme in order, inflation that we have will be worse than before,” the Minister said.
In response to the Ministers remarks, Madam Kokui Adu, a convener, said the precarious situation of pensioners in the country made them vulnerable to any changes to their source of livelihoods.
She said pensioners in trying not to be a burden on society took up bonds with maturity objectives to match life plans.
“We look at it from what terms we accepted when we took up bonds that were issued. And if we are haggling over 3 per cent, that should tell you that it means so much to us and we are asking for you to totally exempt us from this programme,” she said.
Dr Adu Anane Antwi, the Convener for the forum, in an interview, said the pensioners would picket the premises daily until the Government agrees to exempt pensioners from the programme.
He said the use of average returns on bonds as a basis for reducing the returns was problematic as it adversely impacted the returns of pensioners, adding that, “if you have 30 per cent as coupon, you are now going to get 15 per cent and half of your money is gone.”
“Government knows that all workers who have pension fund must also contribute but government exempted them and so there is no difference for what you have done for active workers who you are protecting their pensions money and why not protect people who are not active,” he said.

ADVERTISEMENT
Source: Ghana News Agency
Tags: ExemptionPensioners
Share600Tweet375Share105SendShare
ADVERTISEMENT
Frank Atiase

Frank Atiase

Related Posts

Entertainment

Ghanaian film ‘The Deadly Obsession’ scheduled for June in Norway

May 2, 2025
Economy

Business leaders urged to stay informed, curious to navigate change to drive growth

May 2, 2025
Science

African Climate Platform demands justice, interregional equity in global climate decision making

May 2, 2025
Economy

Impact of illegal mining on cocoa production; COCOBOD takes steps to protect cocoa trees

May 2, 2025
Crime

Wa Circuit Court Jails Man for Seven Years Over Defilement

May 2, 2025
Politics

Fight illegal mining menace – CPP charges workers

May 2, 2025

Ad

Search

Most Recent News

Ghanaian film ‘The Deadly Obsession’ scheduled for June in Norway

May 2, 2025

Business leaders urged to stay informed, curious to navigate change to drive growth

May 2, 2025

African Climate Platform demands justice, interregional equity in global climate decision making

May 2, 2025

Social

  • 10 Followers
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest

Ghanaian film ‘The Deadly Obsession’ scheduled for June in Norway

May 2, 2025

Business leaders urged to stay informed, curious to navigate change to drive growth

May 2, 2025

African Climate Platform demands justice, interregional equity in global climate decision making

May 2, 2025

Impact of illegal mining on cocoa production; COCOBOD takes steps to protect cocoa trees

May 2, 2025

Wa Circuit Court Jails Man for Seven Years Over Defilement

May 2, 2025

Fight illegal mining menace – CPP charges workers

May 2, 2025
ADVERTISEMENT

Recommended

NORAD funds local NGOs to map out, document landing beaches 

November 24, 2023
Prices of Livestock goes up ahead of Christmas  

Prices of Livestock goes up ahead of Christmas  

December 19, 2023

I will not do anything that will disadvantage private schools-Education Minister

March 25, 2023

Food System Resilience Project commences work to modernise Kpong irrigation project

October 25, 2024
Hands of Gold Foundation commits to supporting more vulnerable people 

Hands of Gold Foundation commits to supporting more vulnerable people 

December 30, 2022
World Darts Federation approve establishment of African Darts Council

World Darts Federation approve establishment of African Darts Council

November 16, 2023
Load More
ADVERTISEMENT
ADVERTISEMENT

CATEGORIES

  • Business
  • Court
  • Crime
  • Economy
  • Education
  • Entertainment
  • Environment
  • Feature
  • Financial
  • General News
    • Gossip
    • Opinions
  • Headlines
  • Health
  • Lifestyle
  • Maritime
  • NGO
  • Parliament
  • Politics
  • Religion
  • Science
  • Social
  • Sports
  • Technology
  • Top Stories
  • Video News
  • World
    • Africa
    • Americas
    • Asia
    • Europe

Recent Posts

  • Ghanaian film ‘The Deadly Obsession’ scheduled for June in Norway
  • Business leaders urged to stay informed, curious to navigate change to drive growth
  • African Climate Platform demands justice, interregional equity in global climate decision making
  • Impact of illegal mining on cocoa production; COCOBOD takes steps to protect cocoa trees
  • Wa Circuit Court Jails Man for Seven Years Over Defilement
  • Fight illegal mining menace – CPP charges workers
  • 10 Followers
  • 250 Subscribers

  • About Us
  • Advertise With Us
  • Terms of Use
  • Privacy Policy
  • Contact

Copyright © 2024 Myliberty Multimedia Group.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

  • Home
  • Business
  • Crime
  • Politics
  • Economy
  • Education
  • Entertainment
  • Environment
  • Health
  • Sports
  • Lifestyle
  • Technology
  • Parliament
  • Events
  • General News
  • Politics
  • Religion
  • Maritime
  • Social
  • World
  • Video News
  • TV
  • Radio
  • Podcast
Login

Copyright © 2024 Myliberty Multimedia Group.