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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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

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    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

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    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

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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    E-Levy won’t be terminated because of IMF bailout – Gov’t assures

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

    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

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    IMF likely to reject program with wholesale gov’t subsidies – Prof. Quartey

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

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

  • TECHNOLOGY

    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

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

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    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

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

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

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National Unemployment Insurance Scheme training launched

byNerteley Nettey
June 21, 2022
in Business, Local Economy, Top Stories
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Government has launched the Training and Retraining component of the National Unemployment Insurance Scheme (NUIS) to upgrade the skills of 15,000 Ghanaians with employable skills and facilitate their re-entry into productive sectors of the economy.

The scheme, under the Ghana Cares ‘Obaatanpa’ programme, is to serve as a mitigating measure for unexpected future events such as the COVID-19 pandemic, that may disrupt employment in the country.

The programme will be implemented in two phases. The first phase of the Programme will see workers in the Private Education Sector and the Tourism and Hospitality Sectors, receive skills to meet the demands of the labour market as the economy recovers from the impacts of the COVID-19 pandemic.

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The second phase of the Training and Retraining Programme will cover other sectors of the economy with emphasis on vocational and technical training.

Speaking at the unveiling ceremony of the National Unemployment Insurance Scheme, Minister of Finance, Ken Ofori-Atta reiterated government’s commitment to implement programmes that seek to enhance the skills and welfare of workers affected by the COVID-19 pandemic.

“In meeting our obligations to workers and Ghanaians in general, we have and continue to implement programmes that seek to enhance the skills and welfare of workers. We are ensuring skills development that meet the demands of the Ghanaian labour market and promotes decent work.

I believe you would all agree with me that our government’s resolve to invest in the people of Ghana, particularly the youth has been adequately matched with the implementation of programmes that ensures strategic workforce development including interventions to enhance employability and improve productivity,” he said.

Minister for Employment and Labour Relations, Ignatius Baffuour Awuah noted that the tourism and educational sectors were the most affected by the COVID-19, thus the need to train them first.

“The sectors chosen for now have been mostly affected and looking at the number involved and impact, it is just understandable that we begin with them, so that we can expand the scope subsequently” he noted.
Government announced in the 2020 Mid-Year Fiscal Policy Review the establishment of a National Unemployment Insurance Scheme (NUIS) which is to offer income support to workers who become unemployed due to external factors like COVID-19.

The NUIS which is a social insurance scheme is conceived primarily as a contributory scheme with defined benefit for the sole purpose of providing income support and re-employment services to workers who involuntarily become unemployed due to unexpected future events such as COVID-19 pandemic and meet specified eligibility criteria.

The NUIS is housed under the Ghs100 billion “Obaatan Pa” GhanaCARES Programme designed to mitigate the impact of the COVID-19 pandemic, return the economy to a sustained path of robust growth and create a more resilient and transformed economy.

Other stakeholders present at the launch include the Trades Union Congress, Ghana Employers Association, among others have given their blessings to the initiative.

Secretary General of the TUC, Dr. Yaw Baah, urged the Ministry to fast track the process which will ensure that other sectors of the economy that have been affected by the COVID-19 pandemic are added onto the programme.

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