Ghana. Explore alternative sources of funding pension schemes – Bawumia
Vice President Dr Mahamudu Bawumia has underscored the need for stakeholders in the pension management in the country to explore alternative sources of funding pension schemes without any entrenched positions.
He said future governments would not have to resort to borrowing to pay pension benefits with its accompanying interest cost, noting that any government that borrows to pay retirement benefits could not build a resilient economy.
He therefore called for prudent management of the country’s pension resources, adding “it is imperative to unify the fragmented pension schemes to ensure fairness, equity and sustainable management of pensions”.
Read More: Ghana News Agency
