Relevant State Agencies Will Chase You - Akufo Addo To Speculators…Assures There'll Be No 'Haircut' | Politics

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

Addressing the nation on measures being taken by the government to rescue the financial system, he stated: "I additionally wish to guarantee all Ghanaians that no particular person or institutional investor, together with pension funds, in Government treasury payments or devices will lose their cash, on account 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".