The Ministry of Finance (MoF) has advised Ghanaians to disregard social media audiotapes and mainstream publications speculating about a 94% discount on Tier 2 pension investments in government securities.
According to a press release from the ministry, other publications also encouraged a switch from securities to forex as a store of value.
“These publications and social media advisories are without merit and are designed to undermine confidence in Ghana’s financial sector. Indeed, they rather contribute to pressures on the currency and undermine investor confidence,” it noted.
It said, “the government’s engagements with the IMF, both in Accra and in Washington D.C., on a programme to restore macro-economic stability, are progressing steadily. The Post- Covid Economic Growth Programme is designed to bring growth, stability, and relief to our country.”
The release added that the Government of Ghana since 2017, has always protected investors’ interests in the financial sector, therefore, the government will continue with this objective and ensure that investors’ best interests are upheld at all times.
Joyce Adwoa Animia Ocran, ISD