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President Nana Akufo-Addo President Nana Akufo-Addo

Paying funds into our pension schemes not an 'extraordinary achievement'-Concern Teachers

Written by  Jan 18, 2018
President Nana Akufo-Addo on Wednesday announced that, his administration have been able to transfer some GH¢3.1 billion of Tier 2 pension funds into the custodial accounts of the pension schemes of the labour unions.   Addressing the media in his opening remarks at the second edition of the presidential media encounter, the president said the transfer of  have been outstanding for six years, and about which the labour unions had been loudly complaining.   But reacting to the announcement made by the president, Communications Director for the Coalition of Concerned Teachers, Norbert Borborchie lamented, although government has paid some amount, it was less than 25 percent.   He told Kwame Tutu on Rainbow Radio 87.5Fm that, they are expecting government to pay up to 50 percent of the funds by close of 2018.   Mr. Borborchie said they can neither commend government nor chastise it because they believe it was the duty of government to do what it did.   He said probably, the former administration may have suffered defeat because it failed to heed to the call of labour union in resolving their challenge.   He said, the current administration promised to deliver on this concern and so it is not an extraordinary achievement.    ‘’So far, what we have received is not huge or small. We will also not commend government or take a swipe at it. We are still expecting the figure to increase up to 50 percent,’’ he concluded.
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