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Press Release
Office of Nana Akufo-Addo
November 04, 2014
GOVT’S HANDLING OF
PENSIONS WORRYING – NANA AKUFO-ADDO
The 2016 presidential candidate of the New
Patriotic Party, Nana Addo Dankwa Akufo-Addo,
has described as “worrying”, the manner in
which the John Mahama-led National
Democratic Congress government is handling
pension funds of hundreds of thousands of
Ghanaian workers.
Nana Akufo-Addo made this known when the
leadership of the National Democratic Party
(NDP), led by National Chairman, Dr. Josiah
Aryeh, called on him at his Nima residence
to congratulate him on his victory in the
October 18 presidential primary of the NPP.
According to Akufo-Addo, the current dispute
surrounding the tier-2 pension funds, is the
result of the “opaque manner in which these
matters are being dealt with” by the NDC
government.
“It is something very worrying for all of
us, especially for us in the party (NPP),
because we were the ones that put in place
the legislation governing the whole pension
structure,” he stressed
It will be recalled that in 2008, the NPP,
under the leadership of President Kufuor,
introduced Act 766, the National Pensions
Act, to ensure that every Ghanaian worker,
including the majority in the informal
sector, after retiring, were entitled to a
pension. The NPP government, at the time,
knowing fully well that pension from SSNIT
was not enough, through Act 766, introduced
the tier-two system which requires a 5%
deduction of monthly salaries, which are to
be managed by private fund managers.
In view of the poor nature of government’s
handling of this issue, Nana Akufo-Addo
shared the concerns of Ghanaian workers, and
urged all stakeholders to “work together to
get a good deal for the working people of
our country.”
Governance, he said, “is about the future we
prepare for our children, how we improve the
welfare and cater for the wellbeing of the
people today, creating opportunities for
those who can work and giving them the
assurance that even when they retire there
will be a decent pension awaiting them for
all their toil and sweat.”
--
Eugene Arhin
Press Secretary to Nana Akufo-Addo
Office of Nana Akufo-Addo
21 Ringway Crescent
Ringway Estates
Osu, Accra
Website: http://nanaakufoaddo.org
Facebook: http://facebook.com/nakufoaddo
Twitter: @NAkufoAddo (http://twitter.com/NAkufoAddo
Email: press@nanaakufoaddo.org
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