Accomplished Marketing Expert, Ekyi Quarm, has opened up about his harrowing struggle with government’s cocoa bills exchange programme amidst a debilitating health crisis.
In an emotional interview with TV3’s Paa Kwesi Asare on Business Focus, Quarm shared how his carefully planned retirement has turned into a financial nightmare.
He had invested with a private firm expecting a comfortable retirement but unfortunately the firm put his money together with that of other investors in government cocoa bills.
However, the government’s domestic debt exchange program has left him grappling with significant losses.
“I had worked hard and wanted to take it easy in my retirement… But now, I struggle every month to make ends meet,” He lamented. His pension barely covers essential expenses, including health and house keeping with his health benefits gratuity ending in 2024, Mr. Quarm faces an uncertain future.
“I have no other hope of taking care of my medical bills except to depend on Jehovah,” he said, highlighting his desperation.
According to him life has been very difficult without his investments
To him even if the investment was paid today, it will be insignificant as at the time of investment the cedi was GHS6 to a dollar but today that is GHS16
Despite reaching out to the Minister of Finance and the Governor of the Bank of Ghana, Quarm’s attempts to recover his investments have yielded no results. The situation has forced him to sell some assets to cope with life.
As the coming year looks even more dire, the former marketing guru’s story serves as a stark reminder of the human cost of financial instability. His experience underscores the urgent need for effective solutions to protect retirees’ investments and ensure their dignity.
By Shadrack Addeifie Asirifi || 3Business
Source:
3news.com
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