Wednesday , 19 June 2019
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Government re-positioning mining sector for economic growth

The Deputy Minister of Energy in charge of Petroleum, Dr Mohammed Amin Adam, has said government will reposition the mining and energy sectors to deepen its contribution to economic growth. He stated that with the country’s track record in mining, it had become necessary to deepen the contribution of the sector by making it attractive for investments and business opportunities. …

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EU to invest €4.5 billion in Africa; to generate 10 million jobs in 3 years

The European Union (EU) is to invest €4.5 billion of its budget in Africa to generate about 10 million jobs on the continent in about three years. The Vice-President of the EU Commission for Jobs, Growth and Investment, Mr Jyrki Katainen, who announced this, called for the strengthening of co-operation and partnerships between the EU and Ghana to ensure a …

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Upper Manya Kro rural bank records 20% growth

The Chief Executive Officer of the Upper Manya Kro rural bank, Andrew Akyampong has advised financial institutions in the country to adequately capitalize to curb the surge in panic withdrawals in the banking sector. According to him, the rural bank has survived the banking sector turmoil which saw many financial institutions fold up because ‘they chose liquidity over profitability’. Mr.Akyeampong …

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GH¢43m saved after clearing pension’s payroll – SSNIT

The Social Security and National Insurance Trust (SSNIT) has saved a whopping GH¢43million as of April this year after deleting over 6,300 ghost pensioners from its payroll. The Trust in February last year began an exercise to clean the pension’s payroll of ghost names in collaboration with the banks, which monitored dormant accounts over time and terminated those it deemed …

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Ghana Bauxite Company workers stage violent protest

Some contract staff at Ghana Bauxite Company in Awaso in the Western North Region staged a violent demonstration on Monday over their “meagre” remuneration. The workers, who also complained of poor working conditions, want increment in salary. 3news.com gathered the workers are calling for a 10 percent increment in the GH¢ 300 payment they receive as monthly allowance. The rampaging …

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Frimps Oil denies ‘cheating’ customers

Frimps Oil Company Limited has denied reports that customers at some of its filling stations are being shortchanged. According to the company, it values its customers to cheat them in any way because of their trust in the quality and affordability of their products and services. This follows inspections carried out by the Ghana Standards Authority (GSA) which has exposed …

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Bank of Ghana engages banks over high NPLs

The Bank of Ghana is reportedly engaging banks in the country to help improve their risk management frameworks while the loan loss write-off policy continues. The move forms part of efforts to help make effective the transmission channel of the Central Bank’s Monetary Policy from the Non-Performing Loans (NPLs) angle. The Central Bank is also reportedly strengthening credit conditions through …

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JobHouse recruitment agency celebrates 3 years of partnership with Uber-Ghana

Uber Ghana, the technology company that connects riders and drivers, begun operations in Ghana in June 2016 and has since been a client of JobHouse Ghana. The longstanding business partnership has brought mutual benefits to both parties and expressed the hope that the partnership would continue to thrive in years to come. Over the period, Uber continues to grow its …

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SSNIT cautions workers against misleading pension schemes

Director-General, Social Security and National Insurance Trust (SSNIT), Dr John Ofori-Tenkorang, has 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. Dr Ofori-Tenkorang said this at a day’s …

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ILGS appoints Dr Nicholas Awortwi as new Director

The Governing Council of the Institute of Local Governance Studies (ILGS) has appointed Dr Nicholas Awortwi as the Institute’s new Director with effect from 3rd June 2019. A statement signed by Mr David Osei-Wusu, Registrar, ILGS, and copied to the Ghana News Agency said Dr Awortwi holds a PhD Cum Laude (with Distinction) in Development Studies from the Institute of …

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