GHAMRO to disburse over GHc900k royalties to members on Thursday

The Ghana Music Rights Organization (GHAMRO) will on Thursday, March 8, 2018 disburse royalties to its members.

The organization after it failed to distribute the royalties as promised in December 2017, issued a statement that the delay was due to the statutory blank levy payment from government they were yet to receive.

A statement signed by Prince Tsegah, Public Relations Officer of GHAMRO, said One million five hundred and sixty two thousand, seven hundred and ninety five Ghana cedis eighty five pesewas (GHC 1,562,795.85) was allocated to GHAMRO as payment for the statutory 20% Blank Levy as second tranche payment of 2017 and same was paid to GHAMRO on February 25th, 2018 by the Registrar General’s Department.

In line with section 19 of the Copyright Regulations of 2010, Legislative Instrument 1962 which provides for the statutory distribution percentages of 60% for distribution, 30% for administration and 10% for the welfare, the total funds for disbursement to members is GHC 937,677.51.

Management has also taken delivery of two saloon cars, namely Toyota Corolla and Toyota Yaris, to facilitate and enhance administrative activities of the society.

Below is the full statement from the public relations officer of GHAMRO

The Ghana Music Rights Organization (GHAMRO) wishes to inform its esteemed members that the royalty distribution for the December, 2017 which was delayed, due to circumstances beyond our control, will start from Thursday, 8th March, 2018.

For the records, the total sum of One million five hundred and sixty two thousand, seven hundred and ninety five Ghana cedis eighty five pesewas (GHC 1,562,795.85) was allocated to GHAMRO as payment for the statutory 20% Blank Levy as second tranche payment of 2017 and same was paid to GHAMRO on February 25th, 2018 by the Registrar General’s Department.



In line with section 19 of the Copyright Regulations of 2010, Legislative Instrument 1962 which provides for the statutory distribution percentages of 60% for distribution, 30% for administration and 10% for the welfare, the total funds for disbursement to members is GHC 937,677.51.

The 30% administrative allocation is to be used for the day to day running of the society and the procurement of the necessary logistics for the efficient pursuit of the mandate. Management is therefore happy to inform members of the acquisition of two saloon cars, namely Toyota Corolla and Toyota Yaris, to help facilitate and enhance administrative activities of the society.

For the information of members, effective the 30th June, 2018, GHAMRO will start the distribution of royalties based on frequency of airplay i.e. (Title Specific Distribution) As GHAMRO prepares to implement the Title Specific Distribution, members are therefore requested to kindly update and appraise their records with Society before the due date. For further enquiries please call our hotlines on 0540122325 / 057316811

GHAMRO PLAY BEFORE PLAY.

SIGNED

Prince Tsegah

Public Relations Head

0244670554

Source:Kasapafmonline