DEBT RESTRUCTURING: STAY OFF OUR PENSION FUNDS – GNAT WARNS GOVT

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The General Secretary of the National Association of Teachers (GNAT), Thomas Tanko Musah has stressed that the association will not back down on its agreement with the government for their pensions to be exempted from any debt restructuring programme.

Mr. Musah said members of the association are not aware of any intentions of the government to introduce an alternative offer that will allow trustees to include pension funds in the government’s debt restructuring programme.

The Minister of Finance, Ken Ofori-Atta in a letter urged the Board of Trustees of pensions funds to allow for such funds to be included in the government’s new proposed debt restructuring offer following a series of engagements.

But speaking in an interview with Vision1 FM, Mr Musah said there needs to be a distinction between organized labour and the various schemes that make up organized labour so as not to mistake utterances by a scheme to mean the position of organized labour.

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