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Western region men demand highest pay in Ghana – Report

unemployment

It has emerged that urban men in the Western region of Ghana demand the highest minimum salary in Ghana. The latest Ghana Labour Force Survey Report by the Ghana Statistical Service said the men in the urban localities of the region demand as much as 1,604 cedis a month as pay. However, urban women in the same region demand the ...

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Freight Consult sponsors Citi FM’s #MOGO2017

freight consult

Freight Forwarding and logistics management services limited, Freight Consult, has joined sponsors for this year’s Citi Fm’s Music of Ghanaian Origin (MOGO) Dinner Dance. According to Freight Consult, its decision to come on board highly stems from its ‘passion for anything Ghanaian that helps to keep the talents and gifts in the country alive.’ It added, “The 2017 Music of ...

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Govt engages industry over 1 district, 1 factory project

WhatsApp Image 2017-03-24 at 07.54.53

Government has begun engaging industry players in fulfillment of its one district one factory policy which it intends to begin soon. This also follows government’s intention to involve the private sector in the implementation of the policy. As part of the consultations, the National Coordinator of the one district, one factory policy; Gifty Ohene Konadu has met with the Association ...

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NIC lashes out at govts for breaching Insurance Act

Commissioner of Insurance at the NIC Lydia Lariba Bawa

The National Insurance Commission (NIC) has bemoaned the practice where governments sign major contracts with foreign companies and allow the insurance component also to be repatriated out of the country. According to the commission, Ghana has lost millions of dollars through the practice over the years, depriving local insurance companies an opportunity to grow. Speaking at a programme organised by ...

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Energy sector debt: Govt debt to banks, fuel suppliers hits $1.2 b

Boakye Agyarko - Energy Minister

Net debt owed banks and fuel suppliers alone under the energy sector debt hit 1.2 billion cedis at the end of 2016. According to documents cited by Citi Business News as at 31st December, 2016 Government’s net debt in the Energy sector was 2.3 billion dollars. A breakdown of the debt shows that the banks are owed 782 million dollars, ...

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Breakdown of Govt’s energy sector debt – Infograph

debt

Net debt owed banks and fuel suppliers alone under the energy sector debt hit 1.2 billion cedis at the end of 2016. According to documents cited by Citi Business News as at 31st December, 2016 Government’s net debt in the Energy sector was 2.3 billion dollars. A breakdown of the debt shows that the banks are owed 782 million dollars, ...

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Ghana’s unemployment rate hit 11.9 % in 2015 – Report

Employment & Labour Minister, Ignatius Baffour Awuah and the Ag. Government Statistician, Baah Wadieh launching the report

Ghana’s unemployment rate stood at 11.9 percent in 2015. This is according to the latest Ghana Labour Force Survey Report by the Ghana Statistical Service. This is about twice the figure recorded in 2012/2013 (5.8%) based on the Statistical services strict definition of unemployment – where “one was not working, actively looking for a job and available for work.” However, ...

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ICU demands clarity on extending IMF deal

Solomon Kotei - General Secretary, ICU

The Industrial and Commercial Workers Union (ICU) has implored government not to extend its Extended Credit Facility program with the IMF to December 2018. The ICU says the move could cause further restriction in the economy and hinder job opportunities. Ghana entered into a three-year program with the IMF on April 2015 for a total amount of 918 million US dollars ...

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GE Oil & Gas opens new support base in Takoradi Port [photos]

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General Electric (GE), a US based oil and gas company specialized in deep water offshore services in the oil and gas sector has opened its newly Sub Saharan facility at the Takoradi Port in the Western Region. The facility, according to the company will provide support services for its customer operations. In 2015, GE was awarded a $850 million contract ...

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Employment Ministry launches unemployment data today

unemployment

The Ministry for Employment and Labor Relations will later today announce figures related to the unemployed population in the country. The figures are based on findings from the Ghana Statistical Service. The survey will serve as a basis for future surveys related to employment issues in the country. The survey which commenced in 2015 is the most detailed one yet ...

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Ghana Business News