TIG Post

Tag: employers

  • Employees endure hardships over 6-year restriction on NIB’s to give loans

    In an open letter, all National Investment Bank employees pleaded with the government to help recapitalize the bank and save it from potential collapse.

    Among other things, the employees identified a variety of internal issues that contributed to the bank’s current situation.

    They noted that the Bank of Ghana’s embargo on granting of loans for the past six (6) years is “practically depriving the bank of huge interest income and technically out of trade and business.”

    “Secondly, a chunk of non-performing loans totaling over GHS2.1 billion granted to companies and individuals to execute government of Ghana projects. These companies and individuals have executed the projects, raised Interim Payment Certificates, and are yet to be paid by the government.

    “Thirdly, the Bank’s investments in Government of Ghana bonds of GHS857,000.00 held up and affected by the Domestic Debt Exchange Program (DDEP) is also not helping matters,” parts of the statement read.

    The staff further noted that despite these challenges, the Bank has performed “excellently well by increasing its deposit position from GHS3.2 billion in August 2022 to GHS5.1 billion in August 2023.”

    “Deposit increases month on month and the target of a billion-year ending December 2023 is highly achievable. The goodwill from our loyal customers has been amazing as the bank opens over 2,000 new accounts every month. The bank’s nationwide customer cash collection service is second to none.

    “Internal management staffing restructuring has been successful. The staff strength saw a reduction from 1700 in 2021 to a little over 900 in July 2023. There is still the edge for further downsizing to ensure efficiency and increase savings,” the statement said.

    Nevertheless, it urges the government to infuse funds into the bank to prevent its collapse.

  • Ghanaians succumb to maltreatment from foreign employers – Ken Agyapong

    Ghanaians succumb to maltreatment from foreign employers – Ken Agyapong

    Politician and Ghanaian lawmaker, Kennedy Agyapong, has criticized Ghanaians for their lack of discipline, honesty, and corruption.

    He believes that indiscipline and dishonesty are ingrained traits in Ghanaians from birth. Agyapong asserts that this is why foreigners conducting business in the country exploit their employees.

    Despite the harsh treatment they endure from these foreign employers, Ghanaians continue to work under these conditions without resistance.

    Agyapong further argued that the situation is entirely different when a fellow Ghanaian provides employment. In such cases, employees tend to handle their jobs carelessly and may even exhibit a sense of entitlement.

    “What has been inculcated in us from when we were born, makes us very bad people, very dishonest people until somebody uses a cane or harsh words on us, we don’t even realize that that is not the way to live as a human being.

    “An example is these foreigners, the way they treat Ghanaian workers and they succumb to it and work but when you give them jobs, the way they treat their own, my sister, it is horrible. That is why the foreigners are succeeding. Imagine you are working with me, you’ve done something wrong and I fire you, you get the pastor coming to beg, the minister coming to beg, my mother coming to beg but when a Chinese fires you, nobody goes to him, when Indian fires you, nobody goes to him, Lebanese nobody goes to him,” he told Dentaa in 2021 on Odana Network on YouTube.

    The politician, who is presently running for president, noted that Ghanaians generally lack discipline because of their too sympathetic outlook.

    He asserts that, despite its difficulty, changing the narrative is not impossible.

  • Amazon to give workers special payment of £500

    Online giant Amazon has announced a special payment of up to £500 for its frontline workers.

    Tens of thousands of hourly paid employees, including full and part-time staff and seasonal workers, will benefit.

    The money will be paid in two installments – £250 this month and £250 in December.

    Amazon said in a statement: “Amazon employees receive competitive pay and comprehensive benefits.

    “Starting pay is a minimum of between £10.50 and £11.45 per hour, depending on location.

    “Employees are offered a comprehensive benefits package that includes private medical insurance, life assurance, income protection, subsidised meals, an employee discount, and more, which combined are worth thousands of pounds annually, as well as a company pension plan.

    “On top of this, we have announced that every full-time, part-time, and a seasonal associate will receive an additional one-time special payment of up to £500 this year.”