Category: Top Stories
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Salaries of almost 800,000 workers were slashed due to COVID-19 – TUC
Almost 800,000 workers in the formal and informal sectors had their salaries slashed, following the outbreak of COVID 19. The Secretary-General of the Trades Union Congress (TUC), Dr. Anthony Yaw Baah, who made this known, said the pandemic has also affected businesses. “In terms of the direct impact of COVID-19 on incomes, 46.1 percent of…
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GHS768 million paid to over 6,000 clients of defunct FMCs – SEC
The Securities and Exchange Commission (SEC) has stated that about GHS768 million has been credited to the accounts of some 6,916 clients of the 53 defunct Fund Management Companies, who signed up for the government’s full bailout programme. According to the Commission, actual payments also made under the Partial Bailout Programme as of March 31,…
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TUC appeals to government for pay rise at Workers’ Day celebration
The Trade Union Congress (TUC) is asking the government to stop using COVID-19 as an excuse and review the salaries of workers upwards to help them deal with the recent economic hardships in the country. Organized labour says recent fuel increments, coupled with the skyrocketing prices of goods and services, are taking a toll on…
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Produce quality products to stay competitive – Businesses urged
Ghanaian businesses have been charged to leverage on lessons from COVID-19 to accelerate development through trade and stay competitive in the global economy. This is according to Emmanuel Asumani, Director of Operations for the ILO-SCORE program. Speaking to Citi Business News on the sidelines of a workshop to train Small and Medium sized enterprises on…
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Savannah Region: Charcoal ban will adversely affect our livelihoods – Traders
Some charcoal sellers in the national capital, Accra, are worried that the imminent ban on charcoal production in the Savannah Region will threaten their livelihoods. The Savannah Regional Minister, Saeed Muhazu Jibril, gave a 30-day ultimatum, which elapses in the coming days, to stop logging and commercial production of charcoal in the region. For a…
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Saglemi Housing project was abandoned due to lack of national policy – ASEPA
The Alliance for Social Equity and Public Accountability (ASEPA) has blamed the current state of the Saglemi Housing project on the lack of a national housing policy in the country. The $200 million project initiated by the erstwhile Mahama government was initially for the construction of 5,000 housing units. Though the first phase of the…
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Registrar-General to roll out new system to improve online business registration
The Registrar-General’s Department (RGD) has commenced an overview of its business processes to map out a new modified system to improve the online registration of businesses in the country. A statement signed by Mrs Jemima Oware, the Registrar-General and copied to the Ghana News Agency, said the four-day exercise, which started on Thursday, April 22,…
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GREDA demands structure to regulate continuity of housing projects
The Executive Secretary of the Ghana Real Estate Developers Association (GREDA), Samuel Amegayibor, has demanded for a clear structure that deals with continuity of housing projects in the country. Citing the Saglemi housing project as an example, he lamented the various projects that successive governments have failed to complete and left to rot. Mr. Amegayibor…
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Risk-averse banks ditch credit advances for government securities
Latest data from the Bank of Ghana shows that Commercial Banks in the country continue to take the less risky route by using their monies on safe government securities like treasury bills and bonds. According to the Central Bank the growth in banks investment holdings in the first two months of the year, contributed to…
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Downstream petroleum sector revenue up due to our monitoring system – SML
Government has witnessed a significant increase in revenue generated from the country’s downstream petroleum sector due to the improved monitoring of in-flows and out-flows at the various oil marketing company depots nationwide. Within a period of ten months, the monitoring service being provided by a private revenue assurance firm; Strategic Mobilization Ghana Limited, SML, raked…