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    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Investigate pension alliance trust- IMANI

bycitibusinessnews
July 8, 2014
in Business, Local Economy
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Policy think tank Imani Ghana has called on organized labour to demand thorough investigations are conducted into attempts to impose Pension’s Alliance Trust as managers of their pension funds.

This comes 7 days before organized labour’s deadline to government to suspend the plan or they embark on a strike on July 14.

Workers under the National Pension Act (2008) are required to contribute 5.5% of their earnings into private funds as part of a mandatory second tier program.

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Organized labour met with the Minister of employment and labour relations and the parliamentary select committee on employment to discuss their concerns but it is unclear what the outcome of the meeting was.

According to the Executive Secretary of the Civil and Local Government Staff Association, CLOGSAG, Isaac Bampoe Addo, Organized labour’s July 14 deadline still stands if government refuses to act on their concerns.

“There are four schemes involved, we have civil and local government staff, teachers including GNAT, NAGRAT and CCT, then you have the Judicial service, health service workers union, so these are four schemes that have been established and have been licensed by the NPRA to operate the second tier of the Pension act, so what we are asking for is for government to allow the scheme to operate”, he stated.

Imani Ghana, is also urging organized labour to resist the move to impose pension alliance trust without due process.

Speaking to Citi Business News, President of Imani Ghana Franklin Cudjoe said, “I think it is reprehensible to have workers have their employers impose pension fund managers on them. It is undemocratic and it is not fair…I think they have every right to reject it as much as possible and call for a thorough investigation as to why that happened in the first place”.

By:  Rabiu Alhassan/citifmonline.com/Ghana

 

 

 

 

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