In the event that the government defaults on its duty to pay the tier-2 pensions owed to its members, Organized Labour has threatened to go on strike on May 2, 2024.

The demands of the Trades Union Congress (TUC) and its affiliated unions remain unfulfilled, according to the government, even after multiple appeals.

The TUC’s Secretary-General, Dr. Anthony Yaw Baah, underlined that Organized Labor sees no choice but to use strike action due to the government’s ongoing inaction.

“You may know that the public sector unions under the forum have already given notice that on the 2nd of May, if they don’t hear anything about the payment of this second tier on the 30th of April, they will strike.

“We will want to send this notice to the government that if by the 30th of April they don’t do anything about this our second tier, on the 2nd of May we will all join the forum. I can imagine what will happen in this country if they allow this thing to happen.”

On Thursday, the National Association of Graduate Teachers (NAGRAT) also voiced its grave concern regarding the government’s purported failure to make required contributions for more than 700,000 Ghanaian employees.

In a press conference on Thursday, April 18, NAGRAT President Angel Carbonu charged financial misconduct on the part of the government. He emphasized in particular that since July 2023, contributions to the Tier 2 pension plan and other third-party deductions have not been made.

Mr. Carbonu underlined that although these contributions are taken out of employees’ paychecks, they do not end up at the approved institutions.

NAGRAT claims that this raises serious concerns about these workers’ financial security going forward, especially when they retire.