Author: Lawrence Segbefia
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Former workers of Esich Life Assurance demand contribution made into Provident Fund
Some former workers of Esich Life Assurance are pleading with the National Insurance Commission (NIC) to help them retrieve their contributions made into a Provident Fund while the company was operational. Esich Life Assurance was said to have links with defunct Capital Bank. The NIC has currently appointed an administrator for the company. Speaking to…
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May Day: Oil workers call for fair salaries among expatriates and locals
As Ghanaians join the world to mark the Workers Day today, May 1, the Petroleum and Chemical Workers Union has called on government to enforce the equal-work for equal-pay sanctioned by the Labour Law. The Western Regional Relations Officer for the General Transport, Petroleum and Chemical Workers Union, Richard Hanson, speaking to Citi News during the May…
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GRA launches policy to prosecute recalcitrant taxpayers
The Ghana Revenue Authority (GRA) will use prosecutions as a major weapon against non-compliance, tax evasion and tax customs fraud. The GRA is, therefore, asking income earning persons, potential and existing recalcitrant taxpayers to amend their ways since its prosecution policy will deal with persons who violate the country’s tax laws. The policy outlines the…
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Single Spine Salary Structure review ‘long overdue’ – Austin Gamey
Labour Consultant, Austin Gamey has backed Organised Labour’s call for a review of the Single Spine Salary Structure. The General Secretary of Industrial and Commercial Workers’ Union (ICU), Solomon Kotei had made a strong case for the review, saying the re-engineering should provide non-discriminatory and fair employee compensation. Mr. Gamey on Eyewitness News supported this call, saying in view…
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Article: Why the monster called “Dumsor” dwells with us Ghanaians– Part 1
Dumsor the Monster “Dumsor is a dreaded name in Ghana, synonymous with the subhuman “Dracula” who sucks human blood and spreads the undead curse along winding roads within the thick, dark and ancient forest and over mountain passes”. The word “Dumsor” is of Ghanaian origin, and in the Akan language it connotes “off and on”…
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Funds of 5 collapsed investment companies safe–SEC
The Securities and Exchange Commission (SEC) has assured customers of five collapsed fund management firms that their investments are safe. Last week, the S.E.C revoked the licenses of the companies for breaching rules guiding their operations. The companies include; Georgetown Capital Partners Limited, Equity Capital Limited, Index Analytics Limited, DM Capital limited and Oxygen Advisory…
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$95m spent between 2013, 2016 without drilling a single oil well – Amin Adam
The Energy Ministry says none of the 13 petroleum contracts signed between 2013 and 2016 for oil exploration was operationalized. The Ministry says the said companies which were contracted by the former government to drill 14 wells spent only $95 million instead of the $890million they were supposed to have spent as stated in the…
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Railway Workers Union calls for salary review
The Ghana Railway Workers Union is calling on the management to review the salary structure of its members. The call comes ahead of workers day celebrations on 1st May. The workers tell Citi Business News their constant calls have not yielded positive result as management has not been responsive to their plea. Among other things, the railway…
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Stanbic MD backs BoG’s request for updates on collapsed banks
Managing Director of Stanbic Bank, Alhassan Andani has backed the Central Bank’s decision to compel receivers of the seven collapsed banks to present a quarterly update. Mr. Andani is hopeful this will ensure discipline within the banking space. His comments come at the Central Bank’s frustration over the slow pace of work by receivers of…
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Govt officials signing bad energy contracts to be prosecuted
A new Energy Sector Reform Document yet to be approved by cabinet will allow for the punishing of officials who sign bad contracts in the energy sector. This, according to the Energy Sector Reform Committee will help reduce debts in the sector. Also in the document are recommendations to ensure that the energy sector debt…