SSNIT to issue account statements
The Social Security and National Insurance Trust (SSNIT) will, from October 1 to December 31, 2019, issue statements of account of contributors to them via e-mail or text messages. The initiative is aimed at ensuring that members are made aware of their contributions held in their names under the SSNIT pension scheme.
It will also enable members to know whether their employers are paying the exact deductions made on their salaries every month and the actual amounts that are transferred to the scheme on their behalf.
The Deputy Director-General in charge of Operations and Benefits at SSNIT, Mrs Laurette Otchere, made this known in an interview with the Daily Graphic in Accra yesterday to clarify the objective behind a public notice issued by SSNIT and published in the dailies yesterday.
In what was expected to be an annual exercise by SSNIT, Mrs Otchere said it was necessary for every member of the scheme to know his or her standing as far as his or her account was concerned and expressed the hope that the exercise would help achieve that objective.
She said it would also offer members the opportunity to update their records with the scheme to facilitate the release of their due when they retired or passed away while still in active service.
“There are many members who might have joined the scheme using addresses which they do not use any longer. We are offering them this opportunity to regularise their records to make them current,” she added.
She also noted that “there may be some employees who do not know whether their deductions are transferred to us by their employers every month or not and so this offers them the opportunity to also know and reconcile any anomalies with their employers on what they deduct and transfer to us every month”.
Mrs Otchere, therefore, entreated contributors to heed the call to make the exercise successful.
The notice published in the dailies stated: “Management of the Social Security and National Insurance Trust (SSNIT) wishes to inform the general public that it will issue statements of account to members from October 1 to December 31, 2019.
“To ensure a successful exercise, members of the scheme should update their email addresses, mobile phone numbers and any other record with the trust by September 22, 2019. This will ensure that statements are sent to the right persons and the right addresses.”
The notice further indicated that “SSNIT would not be responsible for sending statements of account to an inaccurate or shared e-mail address provided to SSNIT by a member.
News Credit: Graphiconline (www.graphic.com.gh)
Published By: Infodesk Writer
Unfreezing of PDS accounts questioned
The Ministry of Finance (MoF) has made a move to unfreeze the bank accounts of the energy company, Power Distribution Services (PDS) Ghana Limited to the dismay of some energy experts.
One of such energy experts who has shown his dislike for MoF's move is Mr Kwame Jantuah. He said in a statement that the Ministry of Energy did suspend PDS with reference to Clause 27 of the electricity sale license under the law of the state.
He stated in an interview on Joy FM's Friday programmed, Top Story Friday, saying “Let me go to (c) the decision by ECG to suspend the provisions of right and obligations defined under the Lease and Assignment Agreement (LAA) pending the determination of all consequential matters arising out of the above. So, when did Energy Commission change its mind,...”.
Prior to that, the Ministry of Information had already announced, and with immediate effect, the suspension of the said concession agreement between the Ministry of Finance, the Electricity Company of Ghana (ECG) and PDS.
The decision of the MoF to unfreeze the accounts came following reactions from workers of PDS. The workers disclosed their disatisfaction pertaining to how the operational costs and workers would be covered if accounts are frozen. Mr Jantuah, CEO of African Energy Consortium Limited, has shown a contrary concern to that effect.
He stated in the interview, saying “If it is that they need money to operate, they should have opened an escrow account. And ECG should have been the one to make sure that whatever monies are taken out of the PDS account into the escrow account is monitored,...”.
It is clear that Mr Jantuah wants the investigation to be done thoroughly without giving privilege to any of the parties involved.
Published By: Infodesk Writer
Globacom customers to enjoy 400MB data for GH¢1
Globacom, the telecom giant in Africa has come out with a statement to make their customers in Ghana feel pampered. It is an opportunity
they are giving to their customers. Like all telecommunication giants, there's always a way to make their customers feel engaged and also
retain them for the long term.
The statement issued has to do with data. Ghanaian customers will now enjoy 400MB worth of Data and enjoy unlimited calls at a very low cost
The telecommunications giant, since its establishment, has come up with numerous exciting products. For their customers to enjoy these new
benefits, one must purchase a Glo Sim card and recharge or load it up with a minimum of Gh¢1.00. This guarantees a 250MB of data instantly and
also gets unlimited Glo-to-Glo calls for a period of two(2) days.
The statement also pointed out that the first minute of the day call is free and not restricted to Glo numbers alone. This means one can make
such free calls to other networks as well within the stipulated time frame. However, it is also bound by the same two-day period.
Published By: Infodesk Writer
Law To Ban Export Of Raw Materials To Be Imposed Soon
Government is considering legislation to prohibit the exportation of all raw materials from the country, the President, Nana Addo Dankwa Akufo-Addo, has disclosed.
According to the President, it was not right for all raw materials to be exported without adding any value to them, which does not give much returns.
Acknowledging the existence of the law governing the exportation of raw bauxite, President Akufo-Addo was keen in ensuring that he added manganese, and, subsequently, all other raw materials.
What prompted the statement was a commendation by chiefs of the Western/Western North regions to the President over government’s move to set up an aluminum industry in the country, pledging their support in that regard. The chiefs had called on the President at Jubilee House yesterday to table some concerns.
“We have to go down the path of processing our raw materials. I believe a law has been passed which is going to prohibit within the next five years, export of raw bauxite from Ghana. I want to add manganese to that. And in due course, it may be that we will have a law that prohibits the export of all our raw materials, so that we have the processing and the value adding here inside Ghana,” he stated.
President Akufo-Addo believed that was the way the country could build its industrial capacity and economic strength.
The chiefs, led by the President of the Western Regional House of Chiefs, Ogyeahohoo Yaw Gyebi, urged President Akufo-Addo, as part of their concerns, to settle all arrears of royalties due Metropolitan, Municipal, District Chief Executives (MMDCEs) and traditional authorities.
Though Ogyeahohoo Yaw Gyebi acknowledged that payment had improved remarkably under this government on a quarterly basis, he swiftly added, “However, we request for the payment of the accumulated balance which was outstanding before you (President Akufo-Addo) took office.”
The Chief also pleaded with President Akufo-Addo for a measure of protection and security for cocoa farmers to be able to compete with the multinationals. He called for a good percent of the light crop beans to be set aside for the local companies, to guarantee their future.
The President, in his brief remarks yesterday at the meeting with the chiefs, welcomed the call. While at it, he expressed happiness over the revamp of West African Mill Company (WAMCo), and stressed the need for value to be added to raw materials before export.
He said: “I was very happy when I went to Takoradi to see that WAMCo is back on its feet and it’s working well, and, in fact, it’s beginning to make some money again for its shareholders, [of] which government is a 40% minority shareholder. It is very good to see it is up and running, and now there is a regular and secure supply of beans…”
The chiefs asked the President to look at constructing their roads, something, according to the President, he explained whilst on a tour in the region some days back. He repeated that funds had been secured, together with complete designs, adding that in no time construction would commence.
Commenting on the arrears of royalties for MMDCEs and traditional authorities, President Akufo-Addo, on a lighter note, said he had used chunk of his time in office to pay arrears of the previous government
Meanwhile, he promised that he would arrange with the necessary office to ensure that quickly, something was done about settling the arrears.
President Akufo-Addo, before ending his remarks, urged the chiefs, who had complained about what was described as a neglect of the region in terms of development, to talk to their people that development would take a gradual process.
He stressed the government’s commitment, as he had earlier cited, to the construction of the head office of the Ghana National Petroleum Commission (GNPC) in Takoradi, as well as other factories to process oil, investments, he believed, would in turn develop the region.
Source: The Chronicle
Published By: Infodesk Writer
There is the need for Economic Activities to be made Environmentally Friendly — Osafo Marfo
Mr Yaw Osafo-Maafo, the Senior Minister, has said that Ghana’s economic activities must be guided by sustainable environmental practices so that the environment is not destroyed.
He said that “Ghana’s economic growth and transformation would also be environmentally friendly and sustainable, and our rivers and natural landscape would be clean and our natural resources would be extracted responsibly and sustainably.”
The Senior Minister spoke at the launch of Dr. Leticia Obeng's environmental book launch. He reiterated that “Customs and traditions still have space in our quest for means of environmental sustainability, and if the level of damage and pollution of the environment is what we get from globalization and modernization as a nation, then we should revert to our old ways.”
Mr. Osafo-Maafo quoted Dr. Leticia’s understanding of how nature reacted to man’s abuse by saying, “These environmental things may be abused, but they don’t utter a word; you see the way our rivers are treated, they don’t say anything, and that is a silent heritage.”
According to the Senior Minister, people were no longer concerned about protecting their water bodies and environment, but indigenous knowledge never allowed Ghanaians to mine the river beds or establish farms close to the river.
“Sadly this narrative has changed; galamsey attained national prominence because people have been mounting sustained assault on our water resources, and without the decisive policy response through Operation Vanguard, the work of the Inter-Ministerial Committee on Illegal Mining, the Multi-Sectorial Mining Integrated Project, I am sure by now all our major rivers and water bodies would have been destroyed," - Mr. Osafo-Maafo said.
Published By: John Arthur