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 […]
The Ghana Employers Association (GEA), in collaboration with the International Professional Managers Association (IPMA) in United Kingdom has graduated 32 students who just completed the Diploma in Industrial Relations programme. The ceremony, which was held under the theme: “Creating a resilient industrial relations environment for improved productivity,” was the third in the series and saw […]
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 […]
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 […]
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 […]
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 […]
The Ghana Revenue Authority (GRA) has began the implementation of six (6) tax reliefs which were introduced in the 2022 Budget Statement and Economic Policy of Government. The primary aim of the various tax reliefs is to help alleviate the burden of the COVID-19 pandemic on businesses and promote job creation. The tax reliefs include:1. […]
In accordance with Article 179 of the 1992 constitution, the Finance Minister, Ken Ofori-Atta, presented the 2022 Budget Statement and Economic Policy of Government to Parliament on Wednesday, November 17, 2021. The budget indicates that the key drivers of Government expenditure in 2022 shall be capital expenditure, funding of key flagship programs, wage bill, and […]
The GEA at a meeting on Friday, July 23, 2021 bid farewell to Mr. Gunnar Andreas Holm, the outgoing Norwegian Ambassador, whose five-year tenure of office in Ghana ended in August 2020. Mr. Daniel Acheampong, the President of GEA, acknowledged the tremendous contribution of Mr. Holm towards business growth and for the fruitful cooperation enjoyed […]