You Can Not Take Your Investment Money Until Further Notice

You Can Not Take Your Investment Money Until Further Notice

1. It is becoming glaring that the economy is heading to a level beyond repair.

2. Imagine being asked by your fund managers that you can not access your own principal until further notice or at best after ten (10) years.

3. That is exactly what the Government of Ghana, GoG, is attempting to do, according to the Trade Union Congress (TUC) in a press conference.

4. The Health Services Workers’ Union (HSWU) of TUC in a press release on the 4th December 2022 indicated that their sources revealed that the Government, through the Bank of Ghana, the Ministry of Finance, the Economic Management Team and other stakeholders have concluded on a measure to freeze the access of all pension funds investment in government bonds for the next ten (10) years.

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5. The implications of these decisions, therefore, is that pensioners, whose pension funds are being managed on their behalf by fund managers, will have their pension fund investments frozen with their attendant negative effects.

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