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Friday 29 March 2024

2021-03-19

[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce

2021-03-17

[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker

2021-03-16

[B] Pursue demands through negotiation, arbitration – Telcos told
[B] Don’t approve new fuel levies – COPEC to MPs
[B] There’s no justification for newly proposed petroleum taxes – Wereko-Brobby

2021-03-15

[B] Ghana prepares to issue $5 billion Eurobond
[B] There’ll be ‘bitter hardship’ for Ghanaians because of 2021 budget – Forson

2021-03-14

[B] 2021 budget designed to lift Ghana out of challenges imposed by COVID – Alan
[B] I’ll support Agyapa deal 2,000% – MP Egyapa Mercer
[B] Notorious Wa thieves transporting pregnant goats involved in accident
[B] Ghana risks losing €258m earmarked for the 2nd phase of Kejetia market
[B] FDA calls on media to help flush out unregistered products from market
[B] Govt provides Ghs 42.8 million in operations and payroll support to STC et al

2021-03-13

[B] Gov’t introduces 10pesewas ‘borla’ tax to clean Ghana
[B] NLA to bring back Live Draws for 5/90 Lotto
[B] Minister gives Kejetia traders final warning ahead of demolition
[B] Domelevo lands top international job after forced retirement
[B] Trotros and Taxis to enjoy free income tax, hotels and restaurants to get 30%

2021-03-12

[B] AfCFTA expected to significantly promote peace and security
[B] 2021 Budget will ensure recovery and macroeconomic stability
[B] We’ll soon provide food items to schools – Buffer Stock Company
[B] Osei Kyei-Mensah-Bonsu appointed ‘caretaker Finance Minister’
[B] 2021 Budget: Ghana Employers' Association expects pragmatic initiatives

2021-03-11

[B] Corruption is not fought alone or quietly – Domelevo
[B] Nana Addo’s anti-corruption credibility is in tatters – Gyimah-Boadi
[B] Agyapa deal should be considered dead on arrival in Parliament – John Jinapor

2021-03-10

[B] UMB Signs agreement with NARMG to provide special loans to midwives
[B] Ghana will experience economic rebound in 2021—President Akufo-Addo
[B] Price of iced sachet water now 30p
[B] All national ID numbers to become tax numbers from April - President Akufo-Addo
[B] Government will engage Parliament about Agyapa deal – Akufo-Addo

2021-03-09

[B] Stop 'examining' foodstuffs before buying them – market women to buyers
[B] Ghanaians to use COVID-19 Vaccination App to book appointment
[B] GRIDCo Explains Sunday's Nationwide Power Shutdown

2021-03-08

[B] Cement price goes up
[B] Village Savings and Loans scheme empowering rural women in Adansi north
[B] Technology is key to speeding up the global gender equality agenda- NBSSI Boss

2021-03-07

[B] Ghana for 3 years was described as one of fastest growing economies - Akufo-Addo
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Business

[ 2017-05-08 ]

NPRA gets tough on employers to pay SSNIT contributions
The National Pensions Regulatory Authority (NPRA)
has renewed its call on companies to ensure the
payment of the pensions of their workers.

The call comes at a time the regulator is keen on
increasing the number of informal workers to
enroll onto the nation’s pension scheme.

The Authority, early this year, introduced
incentives in the pension space such as the
reduction of some licensing fees and the waving
off of others to increase funds available to
trustees.

Some of the fees reduced include; individual
Trustee Informal Sector Licensing fee which has
been slashed from GHS500 to GHS500.

According to the regulator, one way to gain the
trust of informal workers is to ensure timely
payment of pension funds to contributors.

This it believes will further increase the number
of people on pension schemes.

In an interview with Citi Business News, the
Manager for Corporate Affairs of the National
Pensions Regulatory Authority, Emmanuel Awuku
Dagbanu said enhanced monitoring between the
Financial Intelligence Center and the National
Pensions Regulatory Authority is being done on a
day to day basis to ensure the security of monies
from contributors.


“The regulator monitors the activities of all
the service providers and as we speak now we have
our team to make sure that the regulated entities
comply with the law so on a daily basis the
activities are monitored.”


“Even as you are aware, the money does not come
to us but goes straight to the custodian and we
have this memorandum of understanding between the
financial intelligence center and the NPRA
therefore when the money gets to the bank, it
cannot stay there for more that forty eight hours
without being invested that is contrary to the law
and you can be punished for that and they all know
this,” he explained to Citi Business News.


Mr. Dagbanu added that the NPRA would ensure that
events that occurred in the microfinance industry
resulting in people losing their monies, does not
recur.


“NPRA monitors the activities to make sure that
issues concerning money which for example happened
in some of these savings and loans institutions
will not happen. So we try as much as possible to
make sure that the industry is well regulated
because pension can be somebody’s last resort
and the NPRA knows that.”

Source - citibsinessnews.com



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