May 17, 2022
Apply the Borrowers and Lenders Act to Defaulters – Bank of Ghana Directs Lenders
The Bank of Ghana (BOG) has directed all lenders, i.e. banks and other financial institutions, to expressly capture their rights of enforcement under Section 61 of the Borrowers and Lenders Act, 2020 (Act 1052) in their credit and collateral agreements. This is to promote and support the development of a fair, transparent, competitive, and accessible […]
April 29, 2022
GEA has urged NTC to peg Minimum wage at a rate businesses can afford
The Ghana Employers Association (GEA) has urged the National Tripartite Committee (NTC) to peg the minimum wage rate at a reasonable percentage for businesses. According to the Chief Executive of the Association, Mr. Alex Frimpong, businesses would collapse if the increment is such that they cannot afford. Mr. Frimpong explained that it would be difficult […]
April 29, 2022
A nine-member Committee inaugurated to review Ghana’s Single Spine Pay Policy
The Minister for Employment and Labour Relations, Hon. Ignatius Baffour Awuah has inaugurated and charged a nine-member Committee to review the Single Spine Pay Policy and submit a report within three (3) months for consideration by the National Tripartite Committee (NTC). The Committee’s terms of reference are to assess to extent to which the policy […]
International Labour Organization elects a new Director-General
The ILO Governing Body has elected Gilbert F. Houngbo as the Organization’s 11th Director-General, who will take office in October 2022. Houngbo is currently President of the International Fund for Agricultural Development (IFAD). He was elected by the ILO’s Governing Body, comprising representatives of governments, workers and employers, during their meeting in Geneva. He will […]
March 21, 2022
GEA educates employers on how to end employment relationships under the Ghanaian labour laws.
On 16th March, 2022, a seminar on Termination of Employment Contracts was organized for employers in Tema, in order to enhance their understanding of employment contract termination, as well as enable them appreciate the legal and standard processes or procedures and the grounds for termination of contracts as prescribed by the Ghanaian laws. The Seminar […]
GEA explores the cost and causes of rising industrial disputes in Ghana.
The International Labour Organization (ILO) supported GEA to conduct a survey of Ghana’s industrial relations environment to ascertain the causes and cost of the rising disputes at the National Labour Commission. This was done to equip GEA with real time information to enable the Association embark on evidence-based advocacy and sensitization programmes to engender a […]