ACCRA, June 1 (Reuters) - Ghanaian labour unions have asked the government for time to assess a proposal presented on Thursday to restructure pension funds worth around 30 billion Ghanaian cedis ($2.7 billion).
The majority of eligible holders of Ghana's local bonds participated in a domestic debt exchange in February.
The pension funds were exempted after unions threatened to strike, but have now been offered their own deal.
Thomas Kwesi Esso, executive secretary of the lobby group for the pension funds, told Reuters that the offer was an improvement and addresses liquidity concerns with the old bonds.
Editing by Alessandra Prentice, Rachel Savage and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Persons:
Abraham Koomson, ”, Thomas Kwesi, ” Anthony Yaw Baah, Alessandra Prentice, Rachel Savage, Leslie Adler
Organizations:
International Monetary Fund, Finance Ministry, Reuters, International Monetary, Thomson
Locations:
ACCRA