• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Dumsor crisis: Over 12,000 workers lose jobs in first quarter

16/04/2015
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

More than 12,000 people have lost their jobs between January and April 2015 alone due to the crippling power crisis in Ghana.

This was revealed by the Ghana Employers Association at the launch of the National Employment Policy, Wednesday.

The Employment policy amongst other things is to help create decent jobs to meet the growing demand for employment and to improve the quality of jobs for those already in employment.

The policy is set to be implemented across sectors, ministries, departments and agencies as well as local government institutions.

Even before the policy will be fully operational, the Executive Director of the Association, Mr Alex Frimpong said government must as a matter of necessity address issues relating to the power crisis, skills mismatch and the ever increasing  cost of doing business in Ghana.

The Association is also asking government to provide local investors with the kinds of incentives being offered foreign investors.

The Association is not the only organisation reeling under the effects of the power crisis.

The Chamber of Commerce also says almost 50 percent of workers across the country in the sector will be losing their jobs by the end of the year if the current power crisis is not resolved.

The head of the Commerce, Seth Adjei Baah said with the current 12-hours-on-24-hours-off power rationing schedule the country is enduring, industries have only two productive days out of the seven days in a week.

He said under such a regime there is no need keeping workers on duty when they are not producing anything.

With fuel prices also high, Seth Adjei Baah said it is highly expensive and hugely uncompetitive for industries to operate on fuel.

“Those competing with imported goods are having challenges,” he stated, warning if nothing is done urgently about it “we will be in big trouble.”

Responding to the concerns of the Employers Association, President John Mahama said government is eliminating discrimination between local and foreign investors, adding the Ghana Investment Promotion Centre should educate local investors on existing incentives available in order for them to take advantage of same.

He also advised companies to take advantage of the local content policy currently being implemented in the country.

Source: joy online

Previous Post

MILLIONAIRES HOOD: Accra named residential hub for wealthy Africans

Next Post

Prologue is Audi’s 725hp, Shanghai-bound stunner

Related Posts

carbon emissions

Ghana Begins Receiving Payments for Reducing Carbon Emissions in Forest Landscapes

30/01/2023
Employers and employees

The silent war between employers and employees will have no winner 

27/01/2023
Electric cars in Africa, ghanatalksbusiness.com

Africa’s push for electric vehicles

24/01/2023
Functioning dddress system, ghanatalksbusiness.com

The next “AMAZON” in Africa will need a Functioning Address System

23/01/2023
Catalyst fund, ghanatalksbusiness.com

Catalyst Fund announces $2 million investment into 10 startups accelerating Africa’s adaptation and resilience to climate change

20/01/2023
shifts in globalisation

Globalisation Redefined as Manufacturing Moves Closer to Home

20/01/2023
Next Post

Prologue is Audi’s 725hp, Shanghai-bound stunner

Attacks on foreigners could hamper SA economic recovery

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In