After stating that there would be no "haircuts" on bonds and investments, President Nana Addo Dankwa Akufo-Addo said that individuals who engaged in speculating would be dealt with by the appropriate state institutions.

He declared: "I say to them that the competent state agencies will take action against such persons. Those who make it a practice of disseminating lies, which cause panic in the system."

Read the full story originally published on November 1, 2022, by peacefmonline

President Akufo-Addo has reacted to a two-minute video circulated on social media suggesting that there will be a "haircut on Government bonds"

Addressing the nation on measures being taken by the government to rescue the economy, he said: "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.

"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"

Meanwhile, he has cautioned "those who make it a habit of publishing falsehoods, which result in panic in the system, I say to them that the relevant state agencies will act against such persons".