Tag: Labadi Beach Hotel
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Hotels lay off casual workers to cut operational cost as COVID-19 reduces patronage
The threat posed to businesses by the coronavirus pandemic appears to be reaching alarming levels particularly in the aviation and hospitality and tourism sectors. In Ghana, some hotel managers have started laying off casual workers due to low patronage. The hotel managers, who say patronage has dropped by a huge margin, want government to offer…
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Banks’ recapitalization impacts dividend payment to SSNIT
The Social Security and National Insurance Trust (SSNIT) has disclosed that most banks it is a shareholder in, have been unable to pay dividends for last year due to the increase in the minimum capital requirement. The Director General of SSNIT, Dr. John Ofori Tenkorang explains to Citi Business News this has also affected the…