Author: ge

Ghanaian electricity tariff still among highest in West Africa – Employers

The cost of power in Ghana still remains among the highest in the sub-region and serves to increase the cost of production for industries in the country, the Ghana Employers Association has said. Speaking at this year’s annual general meeting of the association in Accra, President of the Ghana Employers Association (GEA), Daniel Acheampong, said…
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September 13, 2019 0

How to Reduce Stress During a Performance Evaluation at the workplace

Performance evaluations are an important element in developing and motivating employees. In some cases, though, tension that arises from both the manager and employee can impede the effectiveness of communication. As a manager, you can use a few strategies to help reduce the stress level for you and your employees. Here are some few tips…
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September 6, 2019 0

The National Tripartite Committee declares 11% increment in the National Daily Minimum Wage (NDMW) for 2020

GEA would like to inform all employers in the country that in accordance with Section 113 of the Labour Act, 2003 (Act 651), the National Tripartite Committee (NTC) has agreed that the National Daily Minimum Wage for 2020 should be GHc11.82, an increment of 11% over the 2019 Minimum Wage of GHc10.65. The effective date…
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September 4, 2019 0

Ways to improve employee morale at the workplace

When employees suffer from poor morale, their work performance begins to suffer too. Employee morale is valuable because it serves as the drive, commitment and motivation for workers to do their jobs efficiently and effectively. Low morale, on the other hand, has the potential to cause an increase in absenteeism, turnover and poor productivity, which…
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August 29, 2019 0

BoG gives 2020 deadline to rural banks, MFIs to meet capital requirements

The central bank has given rural and community banks and microfinance institutions up to February 2020 to meet their respective minimum capital requirements. The Bank of Ghana in 2015 announced an upward revision to the minimum capital requirements of rural/community banks to GH¢1 million to be met by December 31, 2017. Also, the central bank…
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August 21, 2019 0

GEA–IPMA Diploma in Industrial Relations Part I & II

The Ghana Employers’ Association (GEA) in collaboration with the International Professional Manager’s Association (IPMA-UK) has the pleasure to invite suitable applicant(s) to enroll as students for its Country  Programme; Diploma in IndustrialRelations (Part I & II).  The programme seeks to acquaint practitioners with the requisite skills for Collective Bargaining, enhance their understanding in Dispute Settlement…
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August 21, 2019 0

GEA holds workshop on mediation and arbitration

The Ghana Employers Association (GEA) in collaboration with the National Labour Commission (NLC) with funding from the Confederation of Norwegian Enterprise (NHO), has organised a programme on mediation and arbitration for social partners. The two-day programme aimed at supporting employers, organised labour and government representatives to understand and appreciate the role of mediation and arbitration…
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August 14, 2019 0

BoG maintains policy rate at 16%: what does this mean to the private sector?

The Monetary Policy Committee (MPC) of the Bank of Ghana (BoG), for the third consecutive time, maintained the country’s policy rate at 16 percent, citing risks to macroeconomic stability brought on by increments in utility tariffs, subdued business sentiments, and the slow pace of fiscal consolidation as reasons. The Committee noted that despite these risks,…
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July 25, 2019 0

The African Continental Free Trade Agreement (AfCTA) and Ghana’s selection to host the Secretariat

The Abuja Declaration of 1991 by the Authority of Heads of States of the Organisation of African Unity envisioned the establishment of an African Economic Community. One of the building blocks for the establishment of this community was the creation of a Continental Free Trade Area for Africa. The realization of the vision of a…
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July 18, 2019 0

GEA-NHO Female Future Programme

The GEA, in collaboration with the Confederation of Norwegian Enterprise (NHO), is launching a leadership and boardroom competency development programme dubbed “FEMALE FUTURE”.  FEMALE FUTURE, originally developed and implemented in Norway by the NHO in 2011, has been replicated and established in Kenya, Tanzania, Uganda, and Tunisia.  It is Ghana’s turn to experience this talent-enhancing programme, which increases female…
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July 18, 2019 0