Tag: Dr. Bawumia
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GCNET to pilot paperless regime in August
The Ghana Community Network Services Limited (GCNet) has told Citi Business News it will from next month [August], pilot its systems aimed at achieving a paperless transaction at the ports. The General Manager, of GCNET Alwin Hoegerle, explains that the exercise should help adjust the system for a smooth take off in September 2017. “Probably…
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Ghana partners Huawei for strategic ICT partnership
Ghana and Huawei have signed a Memorandum of Understanding (MoU) for strategic ICT cooperation between Huawei and Ministry of Communications of the Republic of Ghana. As a result, Huawei will serve as the strategic ICT partner of the Ghanaian government and leverage on the company’s rich global ICT experience to boost ICT development, transfer ICT…
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New management commissions audit of SSNIT’s operations
The Social Security and National Insurance Trust (SSNIT) has begun processes to audit the Trust to improve its operations. The exercise is among others expected to inform the managers of SSNIT on the current position of the pensions’ regulator. It is also expected to give an understanding of what new measures ought to be implemented…
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Nigerian businesses want waivers for investments to Ghana
The Nigerian business community in Ghana wants government to honor its promise to grant waivers to foreign investors in the country. According to them, the waivers will help them establish new businesses in the country as well as expand already existing ones. The businesses further believe the move will fall in line with government’s plan…
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SSNIT shoots down imminent collapse claims
The Social Security and National Insurance Trust (SSNIT) has dismissed reports that the fund faces imminent collapse over concerns of operational challenges. According to the pensions’ scheme, it has instituted measures to deepen its financial sustainability and meet potential increase in benefit claims. “As a defined benefit scheme, it is based on a certain formula…
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SSNIT threatened, pensioners face cut in benefits – Bawumia
The NPP’s running mate for the 2016 elections, Dr. Mahamudu Bawumia, has warned of a likely collapse of Ghana’s pension scheme by 2019 due to some financial challenges confronting the institution. According to Dr. Bawumia, the financial viability of the Social Security and National Insurance Trust (SSNIT), has deteriorated making it difficult for the company…