Professor Stephen Adei, an educationist and economist, has suggested that the government revise the threshold for pensioners who may be affected by the ongoing Domestic Debt Exchange Programme.
Adei argues that this will ensure that those who are vulnerable and financially unstable are exempted from the programme.
The Ministry of Finance on Monday extended the deadline to register for its domestic debt exchange to 31 January 2023, in order to “secure internal approvals” from the financial sector.
Speaking to Beatrice Adu on The Big Bulletin on Asaase 99.5 Accra on Monday (16 January), Adei warned that the country risks losing lives in the coming weeks if the government fails to review the threshold for pensioners.
“The pensioners – my colleagues – it is because when we got our lump sum, our life investments, we invested it into government bonds. So that is what is now at stake …” he said.
“There must be a threshold, so that there is a certain minimum. Other than that, some of my colleagues will physically die in a [few] weeks … it is a very serious matter.”