Government pays over GHS3 billion to pension schemes

August 16, 2019

Government has released some 3.1billion cedis, which was kept into the Pensions Trust Fund Account into the custodian accounts of the various public and private sector pension schemes.

Minister for Employment and Labour Relations Ignatius Baffour-Awuah who disclosed this at the Meet the Press series in Accra said the schemes include the Ghana Education Service Occupational Pension Scheme, Health Sector Occupational Pension Scheme, Judicial Service Occupational Pension Scheme, Hedge Master Trust Occupational Pension Scheme and Public Sector Workers Employees’ Pension Scheme.

The Minister indicated that efforts are being made to bring all matters arising out of the Temporary Pensions Fund Account (TPFA) transfers including Data Reconciliation of beneficiaries and the issue of Past Credit to a logical conclusion.

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