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There Won’t Be ‘Haircuts’ On Your Investments – Akufo-Addo Assures

Akufo-Addo

The President, Nana Addo Dankwa Akufo-Addo has assured that government does not intend to slash the returns made on investments as speculated.

President Akufo-Addo gave the assurance when he addressed the nation on Sunday following economic challenges currently confronting the country.

Government is currently seeking a $3 billion economic recovery support from the International Monetary Fund (IMF).

Government as part of processes for securing the IMF support is currently conducting a debt sustainability analysis and there are fears investments in government securities may be affected.

Earlier 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.

While refuting such claims, President Akufo-Addo urged persons making such claims to desist from such actions.

Story by Kelvin Danso

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