Control-Pricing By Government, Back In Military Regimes, Is Back In The Financial Sector. [Revealed by HSWU]

      Control-Pricing By Government, Back In Military Regimes, Is Back In The Financial Sector. [Revealed by HSWU]

      1. It is interesting to note that the free market economy in trading government bonds is no longer available, according to the Health Services Workers’ Union of TUC.

      2. In a press release, HSWU disclosed that the government, through its agencies, decided to freeze all interest on government bonds in the year 2023

      See also: “Sakora” Financial Hair Cut For Investors In 2023 In Ghana, According To Health Services Workers’ ;Union [The grand scheme revealed]

      3. Also, there will only be 5% fixed gain on government bonds in the year 2024 and 10% fixed gains in the year 2025.

      4. Though the decision is yet to be officially communicated to pension fund managers, the Trade Union Congress, TUC is already up in arms to meet the government boot for boot.

       

      5. The effect of the decision to freeze gains on bonds and put a fixed rate on the bonds will definitely be a nail in the coffin of pensioners.

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