Government has secured an ex parte application\u00a0from the court ordering the twelve striking labour unions to return to work.<\/p>\n
The unions announced a nationwide strike<\/a><\/strong><\/span> on October 22 to protest what they say is government\u2019s failure to pay public sector workers their tier two pension funds into a private trustee account.<\/p>\n Government subsequently sued the unions with the view of having the court compel the unions to end the strike as well as seek interpretation of the Labour Act.<\/p>\n [contextly_sidebar id=”6P5u2mqdJoKQQJXVF8MNTTmB8O4YmQSs”]A former Minister of Employment and Social Welfare under the New Patriotic Party(NPP) administration, Nana Akomoa had predicted that the\u00a0case will backfire<\/a><\/strong><\/span>.<\/p>\n But Citi News<\/strong> sources at the court have disclosed\u00a0that the injunction was granted on Friday.<\/p>\n The Chief Executive Officer of the National Pensions Regulatory Commission (NPRA) Laud Senanu on Thursday disclosed that funds accrued under the tier two pension scheme has increased to about GHc1.6 billion<\/a><\/strong><\/span>.<\/p>\n He indicated that the figure comprises contributions from both the public and private sector workers.<\/p>\n These monies he said “…are invested in treasury bills and so far the Treasury bills have yielded quite a substantial interest.\u201d<\/p>\n According to Laud Senanu, the tier two contributions of public workers are held in the Temporary Pension Fund Account (TPFA) at the Bank of Ghana.<\/p>\n “The NPRA has had to freeze all schemes until the misunderstanding between the workers and government is resolved,” he stated.<\/p>\n –<\/p>\n