The Ministry of Finance has refuted claims that about 94% of Tier 2 pension contributions placed in government securities will be affected by debt restructuring moves by the government.
Government as part of processes for securing support from the International Monetary Fund is currently conducting a debt sustainability analysis and there are fears investments in government securities may be affected.
The reports suggested that about GH¢3.7 billion of the GH¢3.9 billion Tier 2 pension contributions placed in government securities may be affected by the Debt Restructuring Programme.
In a statement, the Ministry of Finance said such fears and publications were without merit and do not auger well for the country’s financial sector.