Bussiness
‘Use Economic Challenges As A Stepping Stone’ | Economy
Workers have been urged to make use of the myriad of financial challenges that engulfed the nation within the 12 months that has passed by as a stepping stone to financial viability.
“We cannot discount or gloss over the economic challenges; nonetheless, we should not let that discourage us, but rather we should use it as a stepping stone to make a strong come back to face and overcome those challenges and make this year economically viable in our individual, corporate, social, and national lives,” the employees have been instructed.
General Secretary of the Industrial and Commercial Workers’ Union (ICU), Morgan Ayawine, gave the recommendation when he addressed members of the union in his New Year’s message.
He mentioned it’s only by means of onerous work that, “we can be seen as having fought the good fight as gallant workers and succeeded in rebuilding our national economy for the benefit of all.”
Mr. Ayawine mentioned ‘hard work breaks no bone’ therefore employees ought to proceed to work more durable for the achievement of organizational and nationwide objectives for the complete restoration of the nationwide economic system.
“My colleagues in labour and cherished members of the great and famous Industrial and Commercial Workers’ Union (ICU), Ghana, I welcome you all to 2023 and wish you all the best for this year,” he mentioned.
He mentioned the 12 months 2023 has the prospect of being profitable including that as employees and nation builders, they need to play their roles with zeal and dedication to make it succeed.
“Having rested a bit from the hard work that characterized our labour last year, let us resume work, this year, with renewed vigour that would enable us to help our employers achieve their organizational goals in line with ICU’s longstanding maxim, “The Employer’s Vision, Our Union’s Concern”.
He careworn the necessity for stronger co-existence between employees and employers to attain their frequent imaginative and prescient and extra importantly, all elements of nation-building.
“In the same vein, we call on the government, the single largest employer, and other employers to ensure equitable distribution of the cake for a reciprocal gesture of workers and an increase in productivity.”
He requested the federal government to maintain the measures put in place to make sure the stabilization of the Cedi in opposition to its main buying and selling currencies to help doing enterprise within the nation and to scale back costs of products and companies to ameliorate the financial hardship imposed on Ghanaians.
“Similarly, steps should be taken to ensure a sustainable fuel price reduction to reflect in the cost of transport fares in the country,” he added.
Source: dailyguidenetwork.com
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
