GhanaReview International - The Leading Ghanaian News Agency
London New York Accra
GRi Latest News
Thursday 28 March 2024

2021-04-07

[N] As Majority Leader be circumspect with your utterances

2021-03-19

[I] Goldman Sachs staff revolt at ‘98-hour week’
[I] Over half of staff go back to workplace
[I] Health chiefs confirm Oxford-AstraZeneca Covid jab safe to use
[S] Kotoko Signs Second Brazalian Player
[N] It Is A Blatant Lie That I’ve Declared My Prez Ambition-Agric Minister
[S] Accra Mayor to change face of sports in Greater Accra
[S] Ambassador Lutterodt charges GOC prez to tackle Martha Bissah issue
[S] Ben Nunoo-Mensah hits ground running for GOC
[S] Black Stars to Engage Uzbekistan In International Friendly
[N] House of Chiefs calls for collaboration with MMDCEs for development
[N] Baby Harvesting: More suspects picked
[N] Police pledge commitment to bringing Sheikh Maikano’s murderers to book
[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce
[N] Desist from starting race ahead of time - Obiri Boahen to NPP presidential
[N] Gov’t announces construction of five interchanges in Ashanti
[N] Controversial textbooks: NPP urges NaCCA to enforce rules without fear or favour
[N] Staff working on Tamale interchange call off strike
[N] Newly proposed taxes a huge hindrance to businesses’ recovery
[N] Government can’t take a unilateral decision on salaries for public workers
[N] Ghana records 2 new Covid-19 variants; experts call for immediate action

2021-03-17

[S] First GFA safety and security seminar takes place today
[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[N] Ghana records 698 COVID-19 deaths
[N] NDC’s Ofosu Ampofo behaves like a toddler – Allotey Jacobs
[S] Don’t tax sports betting, ban it – Ato Forson to government
[N] Ama Benyiwaa Doe slams Allotey Jacobs; says he has no influence
[N] Approving Akufo-Addo’s ministers ‘regrettable and unfortunate’ – NDC caucus
[S] Don't rush Satellites players, warns GFA coaching boss
[N] Eastern Regional Hospital detains 246 patients for non-settlement of bills
[N] COVID-19 vaccination in Ghana: 1,000 reports received on adverse effects
[N] Ignore reports of rift between local, foreign staff at AfCFTA secretariat – Govt
[N] Remain calm, support our leadership in Parliament – NDC Council of Elders
[N] Ghana hasn’t recorded any case of blood clots from COVID-19 vaccination – FDA
[N] 9-year-old boy burnt to death as stepfather sets house ablaze
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker
[I] Half of UK managers back mandatory Covid vaccines for office work
[I] Brussels to propose Covid certificate to allow EU-wide travel

2021-03-16

[I] Nick Candy leads £1m drive to oust London mayor Sadiq Khan
... go Back
 
Business

[ 2014-10-31 ]

Osei Kyei Mensah Bonsu, Minority Leader

Mahama's gov't is not truthful ... Tier two pension fund was used to buy Merchant Bank
The Minority Leader in Parliament, Hon. Osei Kyei
Mensah Bonsu, has stated emphatically that funds
used by Fortiz to purchase Merchant Bank were made
available to them by the Bank of Ghana from the
second Tier Pension fund.

“If the Bank of Ghana says the second tier fund
is with them they should come out and tell us when
the money hit that account and its quantum...This
government is not being truthful, this John
Mahama’s government has never been truthful to
Ghanaians,” he said emphatically.

He added;“..I am saying this unequivocally that,
it is this same money they have given to some
people to buy Merchant Bank. It is the workers’
money they used and that is the truth. If the
government says the money is in the Bank of Ghana,
then, they should come out to tell us which
account the money is in and the quantity”.

In the past few weeks, public sector workers have
been demanding to know where their pension fund
have been lodged, how much has been accrued and
who are behind the Pensions Alliance Trust, the
company government appointed to manage the tier
two pension fund on behalf of the workers.

In their anger, 12 public sector workers' unions,
declared an indefinite strike, bringing the
country's education and health sectors on their
knees.

Employment Minister Haruna Iddrisu in an attempt
to assure the workers that their monies are safe,
said a total of 440 million cedis had accrued to
the fund.

Funds under the controversial Tier Two pension
scheme have grossed ¢1.64 billion, Chief
Executive of the National Pensions Regulatory
Commission has also revealed.

Laud Senanu said the figure represents
contributions from the public, private sector
workers as well as the investment component.

Nonetheless, Hon Osei Kyei in an interview with
Sunyani based Ark Fm on Thursday was convinced
that government is only deceiving the workers and
"bidding for time" as it solicit for funds
somewhere to replace the used money.

Per the Pensions Act, five per cent of the
workers' salary has to be deducted into a tier two
pension scheme whilst the employer contributes 13
percent to SSNIT.

The new law was passed in 2008; with the year of
implementation being 2010.

The first batch of contributors under the tier two
pension scheme are supposed to retire in 2015 and
the workers want to be assured that their
contributions are safe and sound before they go on
retirement.

Source - Peacefmonline



... go Back

 
Add YOUR View here

Ghana Review International (GRi) is published by Micromedia Consultants Ltd. T/A MCL - a wholly Ghanaian owned news agency. GRi is an independent publication and is non-aligned to any political party or interest group, within or outside of Ghana. It is a reliable source of information for Ghanaians and non-Ghanaians alike. This magazine will be of interest to any person with an interest in Ghana, Ghanaians and Africans, wherever in the world they live. This website is the on-line arm of the publication. It contains news and reviews on Ghana and the international communities.

All pages are © Copyright Ghana Review International (GRi) 1994 - 2021