IMF deal: No individual or institutional investor will lose their money - Akufo-Addo assures | 3News.com

No investor will lose his or her money including pensions funds, government treasury bills or instruments if Ghana finally seals a deal with the (IMF), has assured.

Mr Akufo-Addo noted that some members of the public have concerns that they will lose their investments if the deal with the Fund is closed,

But delivering an address to the nation on Sunday October 30, Mr Akufoi0Addo allayed the fears saying, just as customers deposits were saved during the banking sector clean up exercise, no one will lose money in this also.

He said “There will be no ‘haircuts’, so I urge all of you to ignore the false rumours, just as, in the banking sector clean-up, Government ensured that the 4.6 million depositors affected by the exercise did not lose their deposits.

“I also want to assure all Ghanaians that no individual or institutional investor, including pension funds, in Government treasury bills or instruments will lose their money, as a result of our ongoing IMF negotiations.”

Mr Roudet will lead the Team to Accra in the next few weeks for negotiations to continue.

“Government will continue to work with a fierce sense of urgency to stabilise the economy and place it back on a firm trajectory of growth.”