Author: ge

GEA urges government to tackle concerns over the Tema port expansion project

The Ghana Employers’ Association (GEA) has brought the attention of government to some concerns of its members operating in the Shipping and Ports industry in order to save their businesses from imminent collapse as a result of the ongoing Tema Port Expansion Project. These concerns were primarily centred on the following: The future of the…
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June 20, 2019 0

President Akufo-Addo Inaugurates Social Partnership Council

The President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo has inaugurated the Social Partnership Council, which represents a partnership for economic and social development between Government, Organised Labour, and Employers, at a brief ceremony at Jubilee House. It will be recalled that on 18th April, 2019, Government signed a landmark social partnership agreement with…
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June 14, 2019 0

SSNIT cautions workers against misleading pension schemes

The Director-General of Social Security and National Insurance Trust (SSNIT), Dr Ofori-Tenkorang, on Tuesday called on workers to be wary of misleading pension schemes that will worsen their plight at pension. He said SSNIT had already built a robust scheme that considered the welfare of contributors and urged them to make use of that advantage.…
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June 14, 2019 0

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