BUSINESS

Deduction of employees’ salary as form of punishment illegal – Legal Consultant

A private legal consultant and Honorary Fellow of the Institute of Human Resource Management Practitioners (IHRMP), Ghana, Mr. Alexander Williams, has questioned certain practises of HR Practitioners and Managers, including the practise of employers or HR Managers deducting from employees’ salary as a form of punishment or sanction. He advised employers to desist from the practise as it is an ...

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Databank To Empower Over 20,000 Young People

Databank Group, Ghana’s leading investment bank is set to empower over 20,000 young people nationwide through Success Africa, an annual motivational, career and youth development conference. The conference which has been running for the past 12 years is organized by LEC Group in partnership with Databank. The conference seeks to create a platform for young people to gain knowledge from ...

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Disappointed Komenda residents lament rusting sugar factory

Residents of Komenda, in the Central Region, have made a passionate appeal to the government to put a sugar factory cited in the area to use. The residents complain that the factory, which was opened with pomp and pageantry in 2016 is rusting away. Metal plates that make up the heavy sugarcane-crushing machine have been covered with rust, and the ...

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Bank of Ghana to takeover another troubled bank?

The Bank of Ghana has indicated that it would takeover another ‘troubled’ bank if the said institution fails to meet some conditions. This was contained in a document cited by JoyBusiness. Reasons JoyBusiness understands that the Bank in question (name withheld) has until the middle of this month to take crucial measures to improve its financial position or risk that ...

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DigiCut Win Big At SME Ghana 2017 Awards

DigiCut Advertising and Production Company, a subsidiary of Groupe Nduom won big at the Small and Medium Enterprises (SMEs) Ghana Awards 2017, (SMEGA) at the International Conference Centre, Accra. In the AD-Media and Print Category, DigiCut beat off competition from companies such as Universal Marketing Consulting Ltd and BTL Marketing Ghana Ltd to emerge as the eventual winner. The company ...

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Every Customer Will Be Paid In Full – Menzgold CEO Assures

Menzgold has given the assurance it will pay all customers their extra value due them in full. According to the gold firm, they delayed payment in order to reach convenient schedules with their stakeholders after attacks on their staff over delayed payments. There are fears the company will not be able to pay off customers their extra value following the ...

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GNPC takes steps to decommission Saltpond Field

Contrary to earlier speculations that the country’s oldest oil producing field at Saltpond will be revived, the Ghana National Petroleum Corporation (GNPC) has said it has initiated the process to decommission it. According to the GNPC, the actual process will start after the decommissioning plan has been finalised by a consultant and approved by the Minister of Energy. The General ...

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