Ghana TUC Welcomes Group To Guide Implementation Of Recommendations Reached At National Economic Forum
The Trades Union Congress, TUC, has welcomed the setting up of a group to guide the implementation of recommendations reached at the National Economic Forum in May this year.
The Secretary General, Kofi Asamoah, said Organised Labour is a member of the group and will participate fully in the deliberations so that Ghanaian workers will get some relief from the economic hardship.
Mr Asamoah acknowledged that the public sector wage bill is having a toll on government revenue.
He urged government and other social partners to work to remove ghost names on public payrolls and address the issue of corruption.
GBC
Retrenched Workers of Anglogold to Receive Between Ghc 120 000 - Ghc 300, 000
The Ashanti Regional Minister, Dr. Samuel Sarpong, has expressed satisfaction with the proposed severance package from management of the Obuasi Mine of AngloGold Ashanti to workers to be affected by the intended retrenchment exercise anytime soon.
The Regional Minister noted however, that government is critically scrutinizing the redeployment proposal submitted to it by management of the company before taking the final decision on whether or not to give approval for it to be carried out.
Speaking to the GBC at Obuasi in the Ashanti region after meeting management of AngloGold Ashanti to know at first hand, what measures are being put in place by the company in line with its retrenchment exercise, Dr. Sarpong said the proposed severance package could enable the affected miners to live better economic lives even upon their redundancy saying, for a retrenched worker to receive about 60 thousand Dollars, means the beneficiary can make meaningful investment out of it.
The Regional Minister commended AGA and the Obuasi Municipal Assembly for collaborating to find alternative livelihood for staff of the AGA to be sent home as part of an amendment programme to rejuvenate one the major gold mining companies in Ghana, which has been negatively affected by external production factors.
Dr. Sarpong advised the workers to be affected, if the exercise is implemented, to make prudent investment with their packages to secure their future.
Already, the Obuasi Municipal Assembly has created a 40-acre land bank at Baakoyeden, one of the suburbs of the municipality, for the establishment of a light industrial area to accommodate not only workers to be affected by AGA’s retrenchment programme for investment, but to bring together all artisans within the Municipality.
The Assembly has already extended electricity to the area, prepared a layout and also started constructing the road network to make the place habitable and conducive for business activities.
The Municipal Chief Executive, Richard Ofori-Agyemang Boadi, said, the Assembly has a responsibility to ensure that the concerned workers make proper investment with their severance packages which could range between 120 thousand Ghana Cedis and 300 thousand Ghana Cedis to avert a situation where the monies would be sent outside the area.
It is for such reasons that the Assembly will seek technical expertise of the Suame Magazine Development Organization, SMIDO to develop the proposed Obuasi Light Industrial Area to the status of Kumasi Suame Magazine to also create more employment avenues and revenue sources for socio-economic development of the Obuasi Municipality.
Mr. Ofori-Agyemang noted that the Assembly is repositioning itself to take advantage of the AGA amendment programme to diversify the economy of Obuasi from its current over reliance on mining which has posed a bleak future for revenue generation and employment.
GBC
Vice President Kwesi Amissah-Arthur allays IMF bailout fears
Vice President Kwesi Amissah-Arthur has allayed the fears of Ghanaians that the government's decision to engage the International Monetary Fund, IMF for a bail out will come with conditionalities.
He said discussions with the fund will begin soon and it will be based on the government's home grown policies.
Speaking at the inauguration of the Senchi consensus Implementation Advisory Group in Accra, Vice President Amissah Arthur said the IMF has announced that it has stopped attaching conditionalities to its financial support to countries.
GBC
Completed Atuobo Gas Plant to generate 120 million cubic feet of gas per day
The Atuabo Gas Processing Plant is 99.87% complete and will fully come on stream before the year ends.
Experts say mechanical works have been completed except for some safety measures to be put in place.
By October 9, Tullow Oil would have finished connecting their pipeline system from the Atuabo Gas Plant to the FPSO.
This came out at a briefing when President John Mahama, paid a working visit to the Atuabo gas project site.
After being conducted round the plant, he expressed satisfaction with the work done within the two year period.
The gas plant when in full operation has the capacity to produce 120 million standard cubic feet of gas per day.
Meanwhile, President Mahama has cut sod for work to start on the 34 kilometre Gas enclave roads in the Western Region at a cost of GH¢ 22.3 million.
GBC
Ghana’s Economy will Bounce Back- Vice President Amissah-Arthur optimistic
The Vice President, Kwesi Bekoe Amissah-Arthur is optimistic the economy will bounce back sooner than expected.
The Vice President is confident measures put in place by the government, will ensure full macro-economic stability restored and Ghanaians will see concrete results in the coming years.
He said though Ghana’s economy has gone through some turbulence in recent times, a full recovery process is ongoing to restore stability in all sectors of the economy.
Vice President Amissah-Arthur has therefore called on all Ghanaians especially industry captains and economists to join in the recovery process to lift the economy out of the doldrums.
Vice President Amissah -Arthur was speaking to the media after discussions with some Turkish investors during his recent visit to Turkey.
The Vice-president said as the country strives to get out of the economic challenges; government is adopting strategic investment to ensure sustained stability in the economy.
He seized the opportunity to invite Turkish investors into Ghana, assuring them of government’s readiness to assist Turkish investors for a win-win investment.
GBC
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| Ghana workers demonstrating against austerity in July 2014. |
The Secretary General, Kofi Asamoah, said Organised Labour is a member of the group and will participate fully in the deliberations so that Ghanaian workers will get some relief from the economic hardship.
Mr Asamoah acknowledged that the public sector wage bill is having a toll on government revenue.
He urged government and other social partners to work to remove ghost names on public payrolls and address the issue of corruption.
GBC
Retrenched Workers of Anglogold to Receive Between Ghc 120 000 - Ghc 300, 000
The Ashanti Regional Minister, Dr. Samuel Sarpong, has expressed satisfaction with the proposed severance package from management of the Obuasi Mine of AngloGold Ashanti to workers to be affected by the intended retrenchment exercise anytime soon.
The Regional Minister noted however, that government is critically scrutinizing the redeployment proposal submitted to it by management of the company before taking the final decision on whether or not to give approval for it to be carried out.
Speaking to the GBC at Obuasi in the Ashanti region after meeting management of AngloGold Ashanti to know at first hand, what measures are being put in place by the company in line with its retrenchment exercise, Dr. Sarpong said the proposed severance package could enable the affected miners to live better economic lives even upon their redundancy saying, for a retrenched worker to receive about 60 thousand Dollars, means the beneficiary can make meaningful investment out of it.
The Regional Minister commended AGA and the Obuasi Municipal Assembly for collaborating to find alternative livelihood for staff of the AGA to be sent home as part of an amendment programme to rejuvenate one the major gold mining companies in Ghana, which has been negatively affected by external production factors.
Dr. Sarpong advised the workers to be affected, if the exercise is implemented, to make prudent investment with their packages to secure their future.
Already, the Obuasi Municipal Assembly has created a 40-acre land bank at Baakoyeden, one of the suburbs of the municipality, for the establishment of a light industrial area to accommodate not only workers to be affected by AGA’s retrenchment programme for investment, but to bring together all artisans within the Municipality.
The Assembly has already extended electricity to the area, prepared a layout and also started constructing the road network to make the place habitable and conducive for business activities.
The Municipal Chief Executive, Richard Ofori-Agyemang Boadi, said, the Assembly has a responsibility to ensure that the concerned workers make proper investment with their severance packages which could range between 120 thousand Ghana Cedis and 300 thousand Ghana Cedis to avert a situation where the monies would be sent outside the area.
It is for such reasons that the Assembly will seek technical expertise of the Suame Magazine Development Organization, SMIDO to develop the proposed Obuasi Light Industrial Area to the status of Kumasi Suame Magazine to also create more employment avenues and revenue sources for socio-economic development of the Obuasi Municipality.
Mr. Ofori-Agyemang noted that the Assembly is repositioning itself to take advantage of the AGA amendment programme to diversify the economy of Obuasi from its current over reliance on mining which has posed a bleak future for revenue generation and employment.
GBC
Vice President Kwesi Amissah-Arthur allays IMF bailout fears
Vice President Kwesi Amissah-Arthur has allayed the fears of Ghanaians that the government's decision to engage the International Monetary Fund, IMF for a bail out will come with conditionalities.
He said discussions with the fund will begin soon and it will be based on the government's home grown policies.
Speaking at the inauguration of the Senchi consensus Implementation Advisory Group in Accra, Vice President Amissah Arthur said the IMF has announced that it has stopped attaching conditionalities to its financial support to countries.
GBC
Completed Atuobo Gas Plant to generate 120 million cubic feet of gas per day
The Atuabo Gas Processing Plant is 99.87% complete and will fully come on stream before the year ends.
Experts say mechanical works have been completed except for some safety measures to be put in place.
By October 9, Tullow Oil would have finished connecting their pipeline system from the Atuabo Gas Plant to the FPSO.
This came out at a briefing when President John Mahama, paid a working visit to the Atuabo gas project site.
After being conducted round the plant, he expressed satisfaction with the work done within the two year period.
The gas plant when in full operation has the capacity to produce 120 million standard cubic feet of gas per day.
Meanwhile, President Mahama has cut sod for work to start on the 34 kilometre Gas enclave roads in the Western Region at a cost of GH¢ 22.3 million.
GBC
Ghana’s Economy will Bounce Back- Vice President Amissah-Arthur optimistic
The Vice President, Kwesi Bekoe Amissah-Arthur is optimistic the economy will bounce back sooner than expected.
The Vice President is confident measures put in place by the government, will ensure full macro-economic stability restored and Ghanaians will see concrete results in the coming years.
He said though Ghana’s economy has gone through some turbulence in recent times, a full recovery process is ongoing to restore stability in all sectors of the economy.
Vice President Amissah-Arthur has therefore called on all Ghanaians especially industry captains and economists to join in the recovery process to lift the economy out of the doldrums.
Vice President Amissah -Arthur was speaking to the media after discussions with some Turkish investors during his recent visit to Turkey.
The Vice-president said as the country strives to get out of the economic challenges; government is adopting strategic investment to ensure sustained stability in the economy.
He seized the opportunity to invite Turkish investors into Ghana, assuring them of government’s readiness to assist Turkish investors for a win-win investment.
GBC
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