We will continue with objective to protect investors’ interests – Government

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The government has pledged to continue with the objective of protecting investors’ interests in the financial sector.

In reaction to a publication that 94% of Tier 2 pension investments in government securities to be affected by a probable debt restructuring, it said the Government of Ghana since 2017, has always protected investors’ interests in the financial sector.

“For the avoidance of doubt, it must be recalled that the Government of Ghana since 2017, has always protected investors’ interests in the financial sector. Government will continue with this objective and ensure that investors’ best interests are upheld at all times”.

“These publications and “social media advisories” are without merit and are designed to undermine confidence in Ghana’s financial sector. Indeed, they rather contribute to pressures on the currency and undermine investor confidence”, it said in a statement published on the Ministry of Finance website.

It continued that government’s engagements with the International Monetary Fund, both in Accra and in Washington D.C., on a programme to restore macro-economic stability, are progressing steadily, adding, the Post-Covid Economic Growth Programme is designed to bring growth, stability, and relief to our country.

Read the full statement below

The attention of the Ministry of Finance has been drawn to social media audiotapes and mainstream media publications speculating about a 94% discount of Tier 2 pension investments in government securities. Other publications also encourage a switch from securities to forex as a store of value.

These publications and “social media advisories” are without merit and are designed to undermine confidence in Ghana’s financial sector. Indeed, they rather contribute to pressures on the currency and undermine investor confidence.

Government’s engagements with the IMF, both in Accra and in Washington D.C., on a Programme to restore macro-economic stability, are progressing steadily. The Post- Covid Economic Growth Programme is designed to bring growth, stability, and relief to our country.

We, therefore, encourage all Ghanaians to disregard these publications, which are in no way reflective of the progress of work being done with the IMF.

For the avoidance of doubt, it must be recalled that the Government of Ghana since 2017, has always protected investors’ interests in the financial sector.

Government will continue with this objective and ensure that investors’ best interests are upheld at all times.

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