{"id":61622,"date":"2014-11-03T11:25:58","date_gmt":"2014-11-03T11:25:58","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=61622"},"modified":"2014-11-03T11:39:20","modified_gmt":"2014-11-03T11:39:20","slug":"merchant-bank-wasnt-bought-with-pension-funds-govt","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=61622","title":{"rendered":"Merchant Bank wasn&#8217;t bought with pension funds \u2013 Gov\u2019t"},"content":{"rendered":"<p>Government has rejected claims that the tier two pension contributions of public service workers were used to purchase distressed Merchant Bank.<\/p>\n<p>The Minority Leader in Parliament, Osei Kyei Mensah Bonsu alleged that funds used by Fortiz to purchase Merchant Bank were taken from the tier two pension funds.<\/p>\n<p>Mr Kyei-Mensah-Bonsu said government was only deceiving workers\u00a0and \u201cbidding for time\u201d as\u00a0it solicits for funds elsewhere\u00a0to replace the tier two pension funds.<\/p>\n<p>[contextly_sidebar id=&#8221;VC0MhegO0ADl5YXLFXqxcOhUQCJwYpQN&#8221;]But addressing a press conference on Monday, Communications Minister, Dr Omane Boamah, denied the accusation, insisting the funds were safe at the Bank of Ghana.<\/p>\n<p>\u201c&#8230;We wish to state that per information available to government, this claim is totally false, absolutely unfounded, mischievous and was only invented to justify earlier falsehood.\u201d<\/p>\n<p>The Minister challenged persons spreading such false claims to \u201cboldly step forward to contradict their position.\u201d<\/p>\n<p>Twelve labour unions are<span style=\"color: #666699;\"><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/10\/21\/labour-confirms-strike-on-wednesday\/\" target=\"_blank\"> <strong>on an indefinite strike<\/strong><\/a><\/span>\u00a0to protest government\u2019s failure to pay public service workers, their tier two pension funds into a private account.<\/p>\n<figure id=\"attachment_12764\" aria-describedby=\"caption-attachment-12764\" style=\"width: 640px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/04\/IMG_0763.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12764\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/04\/IMG_0763.jpg\" alt=\"Osei Kyei Mensah Bonsu\" width=\"640\" height=\"427\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/04\/IMG_0763.jpg 640w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/04\/IMG_0763-300x200.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-12764\" class=\"wp-caption-text\">Osei Kyei Mensah Bonsu<\/figcaption><\/figure>\n<p>The Minister clarified that \u201cthe funds that have accrued are being safely kept by the Bank of Ghana and have been prudently invested for the benefit of pensioners\u201d<\/p>\n<p>Meanwhile, the Minority leader in Parliament, Osei Kyei Mensah Bonsu has said he will make his findings over the matter public soon.<\/p>\n<p>\u201cI said to them that we will soon come out in the next couple of weeks with our own finding\u2026I said to them[government] that the better thing for them to d, instead of peddling half truths, is to let the contributors know into what account they have lost it\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>By: Marian Efe Ansah\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government has rejected claims that the tier two pension contributions of public service workers were used to purchase distressed Merchant Bank. The Minority Leader in Parliament, Osei Kyei Mensah Bonsu alleged that funds used by Fortiz to purchase Merchant Bank were taken from the tier two pension funds. Mr Kyei-Mensah-Bonsu said government was only deceiving [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":28559,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[43,38],"class_list":["post-61622","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-foresight-medical-center","tag-palaver-newspaper"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/61622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61622"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/61622\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/28559"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}