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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

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    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Farmers worried about possible unfair distribution of MoFA machines

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    Our cars to sell for cheaper soon- locally assembled automobile companies

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Côte d’Ivoire-Ghana Cocoa Initiative clarifies its stance on origin differentials for cocoa beans

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    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

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Petroleum Workers Union urges gov’t to stop Kosmos, Tullow Ghana’s layoffs

bycitibusinessnews
February 28, 2020
in Oil And Gas, Top Stories
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The General Transport, Petroleum and Chemical Workers’ Union of the Ghana Trades Union Congress (TUC), has called on the government and other stakeholders to kick against Tullow Ghana and Kosmos Energy’s plans to layoff Ghanaian workers over operational challenges.

The group in a statement issued on Thursday, February 27, said the two companies are only seeking to sack Ghanaian workers to help them meet “obnoxious” targets.

Earlier this month, Tullow Ghana announced that it is cutting down its workforce in Ghana by 25 percent over challenges with oil productions among others.

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The ongoing global redundancy process will lead to the departure of 35 percent of Tullow Ghana’s senior leadership as well as overall 25 percent job losses for staff made up of both Ghanaians and expatriates.

But the statement signed by the National Chairman of the Union, Bernard Owusu, said the conditions that led to the company’s challenges are traceable to managerial weakness and not necessarily labour challenges.

The Union urged the Ministry of Energy and the Petroleum Commission, who are the regulators of the oil and gas industry upstream, to keenly monitor activities of these employers threatening to lay off their workforce.

“They should appeal against these harsh decisions automatically going against the fundamental rights of the workers. That is why we have maintained that all companies must create conditions for unionization of workers so that nobody can take them for granted,” the group added.

“We want the government to put in place adequate measures to facilitate dialogue between the companies and the workers in the development of the country’s human resource capacity befitting that of an oil-producing country. Such development would ensure that the local communities appreciate and cooperate fully in that direction for a successful oil and gas industry, and to guarantee that Ghana’s oil find would become a cradle for global attention,” the statement said.

Petroleum Commission must probe Tullow Ghana’s job cuts – Alex Mould

A former Chief Executive Officer of the Ghana National Petroleum Corporation, GNPC, Alex Mould, has already asked the Petroleum commission to probe Tullow Ghana’s decision to lay off Ghanaian workers due to Tullow Oil Plc’s massive disappointments in operations Africa and South America.

Speaking to Citi Business News, the former GNPC boss said the country’s leading oil producer’s troubles are largely from its global operations, adding that the Ghana operations should not have been affected.

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