Government has commenced the payment of the tier two pension contributions of public sector workers into their registered schemes. Twelve labour consisting of the Ghana Medical Association, the Ghana National Association of Teachers, the Civil and Local Government Staff Association among others, laid down their tools, fighting the erstwhile Mahama-government to pay up, after several … Read more
Workers in the country have tasked the government to commit to a range of policy initiatives to improve upon employment opportunities and secure their pensions. The policy initiatives include governmental measures that will facilitate a vibrant private sector for sustainable jobs and ensure that all tax, investment, procurement and trade policies of the country are … Read more
The National Pensions Regulatory Authority (NPRA) has disclosed that it should be able to release locked up pension funds in the Temporary Pension Fund Account (TPFA) by June this year should the Administrators of the Public sector funds complete the processes of validation. According to the NPRA, the reconciliation of employee data must be completed … Read more
The National Pensions Regulatory Authority (NPRA) has disclosed that it should be able to release locked up pension funds in the Temporary Pension Fund Account (TPFA) by June this year should the Administrators of the Public sector funds complete the processes of validation. According to the NPRA, the reconciliation of employee data must be completed … Read more
DELTA Capital Limited, an investment banking firm based in Accra is contributing immensely to the Ghanaian investment banking sector, distinguishing itself by offering personalized financial solutions to individuals, including persons in the informal sector and corporate firms. Although the past three years has presented a challenging economic environment for businesses, the investment banking firm, through … Read more
Under the National Pensions Act, 2008 (Act 766), the Social Security and National Insurance Trust (SSNIT) is mandated to manage the 1stTier Pension Scheme also called the Mandatory Basic National Social Security Scheme which incorporates an improved system of SSNIT benefits, mandatory for all employees in both the private and public sectors. Under this arrangement … Read more
The National Pensions Regulatory Authority (NPRA) has disclosed to Citi Business News that workers should be able to access mortgage loans with their tier 2 and 3 pension benefits by the end of this year. It follows numerous reservations by some players in the mortgage industry that the Authority has not worked satisfactorily to get … Read more
The minister-nominee for Employment and Labour relations, Ignatius Baffuor-Awuah says he will investigate the cause of the delay in payment of tier two pension allowances. According to him, he will collaborate with the relevant agencies such as the National Pensions Regulatory Authority (NPRA) to conduct the investigations. Public sector workers have embarked on strikes over … Read more
The minister-nominee for Employment and Labour relations, Ignatius Baffuor-Awuah says he will investigate the cause of the delay in payment of tier two pension allowances. According to him, he will collaborate with the relevant agencies such as the National Pensions Regulatory Authority (NPRA) to conduct the investigations. Public sector workers have embarked on strikes over … Read more
The minister-nominee for Employment and Labour relations, Ignatius Baffuor-Awuah says he will investigate the cause of the delay in payment of tier two pension allowances. According to him, he will collaborate with the relevant agencies such as the National Pensions Regulatory Authority (NPRA) to conduct the investigations. Public sector workers have embarked on strikes over … Read more
The Bank of Ghana (BOG) has inaugurated a Payments Systems Council (PSC) under its Payments Systems Department to help drive the development of efficient and safe electronic payment systems in Ghana’s financial sector. The nine-member council is an advisory body composed of stakeholders in the payments systems sector. It would provide information and advice to … Read more
The Auditor General is validating the pension of some labour unions in the country to enable their fund managers receive the monies on their behalf. The Finance Minister Seth Terkper confirmed this in an interview on the Citi Breakfast show on Friday [November 25]. Some labour unions in the country including the Ghana National Association … Read more
The Auditor General is validating the pension of some labour unions in the country to enable their fund managers receive the monies on their behalf. The Finance Minister Seth Tekper confirmed this in an interview on the Citi Breakfast show on Friday [November 25]. Some labour unions in the country including the Ghana National Association … Read more
Government, on Monday November 21, 2016, transferred September Tier-2 pension monthly deductions to the custodian banks of Public Sector Occupational Pension Schemes. Consequently, the 12 labour unions have put on hold their threat to embark on nationwide industrial action. A statement issued yesterday by Isaac Bampoe Addo, Chairman of the Forum For Public Sector Registered … Read more
The Ghana Stock Exchange (GSE) is impressing on companies to utilize the Ghana Fixed Income Market (GFIM) to raise funds for their operations. According to the managers of the GSE, the ready market for bonds should make it easier for businesses to adopt the platform to raise corporate bonds and meet the demand. “The market … Read more
IT appears government has no money to pay six years accumulated tier-two pension money owed public sector workers. An emergency meeting summoned at Flagstaff House yesterday by President John Dramani Mahama to avert a strike action by 12 labour unions ended inconclusive. Sources familiar with what transpired at the meeting yesterday, told The Finder that … Read more
Open letter to SSNIT, NPRA and all contributors under Act 766 of 2008 It has been six years since the implementation of the Three Tier Pension Scheme Act 766 of 2008. When is Social Security and National Insurance Trust (SSNIT) going to transfer the four per cent (lump sum portion or accrued contributions) of Act … Read more
Total assets under the management of private pension funds have reached GH¢6.4billion as at September this year, Baba Jamal, Deputy Minister of Employment and Labour Relations has disclosed. The assets under management by the private pension funds indicates a substantial potential of the pension market, which the fund managers want to capitalize on to boost … Read more
The National Pensions Regulatory Authority (NPRA) has opened its second zonal office in Tamale after the first was established in Kumasi. A statement copied to the Ghana News Agency said the new office would to cater for the three northern regions, namely, the Northern, Upper East and Upper West Regions. The Board Chairman of the … Read more
Total assets under the management of private pension funds have reached GHC6.4 billion as at September this year, Baba Jamal, Deputy Minister of Employment and Labour Relations has disclosed. The assets under management by the private pension funds indicates a substantial potential of the pension market, which the fund managers want to capitalize on to … Read more