Author: ge

BoG secures GH¢900 million to sanitize micro-finance sector of the economy

The Bank of Ghana (BoG) has received GH¢900 million to undertake a clean-up of the troubled microfinance sub-sector of the financial services industry. The move is part of cleaning up the GH¢7 billion debt crisis that has hit a large sector of the deposit-taking, non-bank institutions, including savings and loans companies, in the country. The…
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May 31, 2019 0

Wednesday, June 5, 2019 declared as a public holiday

The Ministry of Interior has declared Wednesday, June 5, 2019 as a public holiday. All employers and the general public are therefore reminded as such. Read Full Statement: The general public is hereby informed that Wednesday, 5th June, 2019 which marks the celebration of Eid-al-Fitr, is a statutory public holiday and should be observed as…
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May 31, 2019 0

BOG prohibits Pricing, Advertising and Receipt or Payment for goods and services in foreign currency in Ghana

The GEA would like to inform all members that the Bank of Ghana has prohibited the pricing, advertising and receipt or payment for goods and services in foreign currency in Ghana. The Foreign Exchange Act, 2006 (Act 723) prohibits the pricing, advertising and receipt or payment for goods and services in foreign currency in Ghana.…
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May 17, 2019 0

BOG to introduce upgraded Ghana cedi notes

The Bank of Ghana will issue upgraded and security-enhanced banknotes into circulation on May 6, 2019. According to a statement issued by the BOG, the banknotes will have enhanced security features in line with evolving changes in the technological landscape. The upgraded banknotes will also come with improved durability and machine readability. The newly enhanced…
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May 2, 2019 0

Occupational Safety and Health (OSH) Bill to be passed by the end of 2019

The annual World Day for Safety and Health at Work was held on 28 April, 2019. The event was to promote the prevention of occupational accidents and diseases globally. It also served as an awareness-raising campaign intended to focus international attention on the magnitude of the problem and on how promoting and creating a safety…
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May 2, 2019 0

President Akuffo-Addo calls on Employers to comply with existing pension regulations

The President, Nana Addo Dankwa Akufo-Addo, at the 2019 May day celebrations which was held at the independence square in Accra, encouraged the government’s social partners, including employers to comply with existing pension regulations and support their staff to contribute to pension schemes.  He indicated that it is important for employers and enterprise owners to…
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May 2, 2019 0

GEA, Government and Organized Labour Sign MoU to promote national development issues

The Government, Organised Labour and Ghana Employers Association, on Thursday, signed a Memorandum of Understanding (MoU) on Social Partnership to promote national consensus on development issues. The 19-Member Council is expected to work towards deepening and sustaining the country’s macroeconomic gains for rapid economic growth. The partnership, among other things, would create a platform to…
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April 25, 2019 0

The passage of RTI Bill will foster a culture of transparency and accountability that is needed for effective operation of the public and private sectors of the economy in general, GEA

Parliament has finally approved the Right to Information (RTI) Bill after two decades. The Bill which was passed after its third reading on Tuesday, March 26, will now await Presidential assent to be fully recognised as law. The law will, however, be implemented at the beginning of 2020. The RTI law will provide for the operationalisation of…
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March 27, 2019 0

A new study finds that innovation and flexibility are needed in the face of major changes affecting the way businesses around the world operate.

Business models worldwide are changing rapidly and radically, creating a need for policy-makers, businesses and employers’ organizations to innovate, adjust and become more flexible, according to new study. The skills gap is a major issue, with 78 per cent of corporate executives saying schools are failing to meet future employers’ needs, according to the research…
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March 27, 2019 2

Ghana to end the importation of tomato and cut down imports of rice by 50 per cent in 2019

Ministry of Food and Agriculture says it is looking to end the importation of tomato and cut down imports of rice by 50 per cent this year. Records from the Ministry shows that in 2017, Ghana imported some 656.232 Metric Tons of rice worth $331.2 million. In the same period, some 75 thousand metric tons of…
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March 27, 2019 0