Massive Transfers Hit YEA After Payroll Fraud

The Youth Employment Agency has transferred some members of staff to various regions. A statement from YEA explained that the transfer was part of an “ongoing restructuring exercise to reposition the Agency for higher productivity” The move comes days after a payroll fraud was discovered at the Agency. An internal audit carried out by YEA … Read more

GTP Sacks 178 Workers In 2016

Ghana Textile Printing (GTP) Limited, has laid off 178 workers over operational challenges. The affected staff comprises 138 permanent and 40 casual workers. The Marketing Director of GTP, Rev. Stephen Kofi Badu who disclosed this to Citi Business News attributed the situation to a restructuring of the company’s operations to sustain its viability. “Two major … Read more

GTP Sacks 178 Workers In 2016

Ghana Textile Printing (GTP) Limited, has laid off 178 workers over operational challenges. The affected staff comprises 138 permanent and 40 casual workers. The Marketing Director of GTP, Rev. Stephen Kofi Badu who disclosed this to Citi Business News attributed the situation to a restructuring of the company’s operations to sustain its viability. “Two major … Read more

Power Firms In GH¢19bn Maze of Debt

Government’s efforts to address the debt position of four key state-owned enterprises in the energy sector has left the International Monetary Fund (IMF) flummoxed as to how the debt restructuring strategy will absolve the companies from plunging themselves in future debts. The borrowings of the four firms- VRA, ECG, GRIDCo and TOR- hit GH¢19 billion … Read more