#ghanalaboursector

The Ghana Private Road Transport Union (GPRTU) has revealed that it hopes to adjust transportation fares upwards by 30%. According to the Union, the increment will take effect from Friday, May 13. The decision, GPRTU explains, is due to the hike in fuel prices over the last few months. In April, the Union asked government to scrap some taxes on petroleum products to cushion drivers and…

Vice President Mahamudu Bawumia has said the Bank of Ghana (BoG) will soon start gold purchase programme from the small-scale mining sector. He said after series of discussions, the Central Bank agreed to start this programme, which would be the first of its kind in the country intended to boost the country’s gold reserves. Vice President Bawumia made this known at the maiden edition of the…

From bean to bar, the cocoa supply chain is a bittersweet one. While the end product is something most of us enjoy, this also comes with a human cost. Based on how much cocoa comes from West Africa, it’s likely that most of the chocolates we eat have a little bit of Cote d’Ivoire and Ghana in them. The $130B chocolate industry relies on cocoa farming for supply of chocolate’s key ingredient.…

Ivory Coast, Ghana Cancel Cocoa Sustainability Schemes Run By Hershey

Ivory Coast and Ghana are cancelling all cocoa sustainability schemes that U.S.based Hershey runs in their countries, accusing the chocolatemaker of trying to avoid paying a cocoa premium aimed at combating farmer poverty.

In a letter addressed to Hershey and seen by Reuters, the Ivorian and Ghanaian cocoa regulators accuse Hershey of sourcing unusually large volumes of physical cocoa on the ICE…

Govt is billed to launch the Coronavirus Alleviation Programme Business Support (CARES) Scheme this week.

Finance Minister, Ken Ofori-Atta, who made this known, was addressing staff of his outfit at its Fourth Quarter Staff Durbar for 2020.

“To the glory of God, the audacious GHȻ100 billion Covid-19 Alleviation and Revitalization of Enterprise support (Ghana CAREs “Obaatanpa” project) will also…

Ghana Public Sector Wage Will Increase To GH¢28 bln (US$4.9 bln) Next Year

Total wages and salaries of public sector workers will rise by 7.0 percent to GH¢28.5 billion in 2021, according to the 2021 Fiscal Framework of the Ministry of Finance.

This is equivalent to 6.5 percent of Gross Domestic Product. Compensation of employees for 2020 is estimated at GH¢26.6 billion, about 6.9 percent of revised GDP in 2020.

This is expected to increase to GH¢32.5 billion (6.5…

Ghana Parliament Approves GH¢288 mln Tax Waiver For Healthcare Workers

Parliament has approved a tax waiver of GH¢288.64 million for healthcare workers to encourage them to put their best in the fight against the COVID-19 pandemic.

The tax waiver is on the personal emoluments of all healthcare workers for the months of April, May and June this year and on additional allowances for frontline health personnel covering March, April, May and June 2020. The breakdown of…