Employer or Organization
A customized company profile will also give site visitors the opportunity to learn more about your company in order to determine whether your operations align with their skills or investment interests.Create Your Company Profile to Post Career Opportunities
Enable your organization find an investment partner quickly.Create Your Investment Partner Profile
Skilled Professional or Volunteer
We are committed to helping you fulfil your desire of coming home to assist our Ghana's development in specific areas where you have professional expertise on contract, as a volunteer, consultant or even as an intern for a period of time that suits you bestCreate Your Personal Profile
Insurance leader, SIC Insurance Company continued its recent performance, following an appreciable outing last year. The company registered a profit of GH¢5.8 million in 2020, down from the GH¢9.3 million recorded in 2019. This has subsequently impacted positively on its share price though still below its market value. According to its 2020 unaudited financial statement, the insurance giant performance was affected by covid-19 pandemic, largely due to claims from customers which almost doubled to GH¢36 million in 2020, from GH¢18.4 million in 2019. Nonetheless, net premium written went up by 14.5% to GH¢122 million in 2020. At the same time, underwriting loss also inched up by 55% to GH¢9 million. Its shareholder funds however stood at GH¢273.1 million in 2020, compared with GH¢269 million in 2019. Senior Economic Analyst with Databank, Courage Kingsley Martey, is confident the Cedi will sustain its stability against other major currencies throughout the year 2021. The Cedi, which began the year selling at GH¢5.76, has remained strong so far against the US dollar. However, there are concerns that it could come under pressure when the global economy fully recovers from COVID-19 and imports pick up. Speaking at the Pension Strategy Conference organized by AXIS pensions, Mr. Martey noted that his projections about the cedi are based on measures implemented so far by the Bank of Ghana.View Article
The Ghana cedi ended last year with a depreciation rate of 3.93 percent to the US dollar, making it one of the best-performing currencies in Sub Saharan Africa. The impressive performance also makes it the best since 2017 when it depreciated by only 4.88 percent. At the forex bureau, the rate of depreciation was even lower at 2.2 percent. Joy Business learnt the local currency actually appreciated in the final two weeks of December 2020 at the forex bureau, from a depreciation rate of 3.1 percent. Analysts believe that the cedi has benefited from a myriad of factors including the Bank of Ghana ’s Forex Forward Auction and the diversified exports. The government expended GH¢21 billion to clean up the banking sector, the President, Nana Akufo-Addo has announced. Delivering his final ‘State of the Nation’ address to the 7th Parliament , he said “an amount of GH¢21 billion was used to fund the cleaning up exercise. These are painful lessons we all have to imbibe”. The Bank of Ghana embarked on a banking sector clean-up, recapitalization, and other regulatory reforms from mid-2017 to end-December 2018 in line with its mandate to promote the safety, soundness, and stability of the financial system to support economic growth. The management of the Social Security and National Insurance Trust (SSNIT) has increased monthly pension by 10 per cent for the year 2021. A statement issued and signed by SSNIT indicated that the increment was in accordance with Section 80 of the National Pensions Act 2008 (Act766). This means that current pensioners on SSNIT Pension as of December 2020 will have their pensions increased by a fixed rate of 9.34 percent. An additional flat amount of GH¢6.47 would also be paid per pensioner. Accordingly, pensioners on the current minimum monthly pension of GH¢300.00 will have their pensions increased to GH¢334.49, the statement said. It added that all fresh pensioners from January 2021 will receive a new minimum monthly pension of GH¢300.00. SSNIT is a Statutory Public Trust charged with the administration of the First-Tier Contributory Basic National Social Security Pension Scheme under the National Pensions Act, 2008 Act 766.View Article
The Bank of Ghana has new introduced guidelines for the government securities market, primary dealers and bond market specialists. The purpose of these guidelines is to guide the purchase of government securities in the domestic market to the provisions in the Public Financial Management Act, 2016 (Act 921). According to the Central Bank, the guidelines shall be used with reference to other directives issued by the Ministry of Finance. Also, securities issued shall be denominated in the local currency-Ghana Cedis (GHS) except when explicitly stated by the Ministry of Finance. Importantly, all payments in respect of subscription and redemption shall be made in the currency of issuance. AngloGold Ashanti said costs and production are on track to meet guidance, and that full-year 2020 free cash flow generation will be the strongest in almost a decade, enabling the miner to double the dividend pay-out ratio. The Company’s guidance was initially withdrawn in March this year due to the uncertainty created by the COVID-19 pandemic. The revised guidance was issued on 21 September 2020, pegging production for the year between 3.03Moz and 3.10Moz, and all-in sustaining costs between $1,060/oz and $1,120/oz. A report released by the Natural Resource and Governance Institute (NRGI) has shown that Ghana has so far accrued an amount of US$5.2 billion in the sale of crude oil. According to NRGI, the money was generated between 2011 to 2020. The NRGI’s report explained the generation came from the sale of 73 cargos of crude oil by the Ghana National Petroleum Corporation (GNPC). The report also noted the sale which was realized in the second quarter of 2020 was made up of 71.1 million barrels with a total value of US$5.2 billion. NRGI's latest report is titled, “Ghana’s Oil Sales: Using Commodity Trading Data for Accountability.”View Article
Finally, you have found a partner recruiter that will connect you to organizations and businesses in Ghana who would like to benefit from your internationally acquired professional skills. We are committed to helping you fulfill your desire of coming home to assist our nation's development in specific areas where you have professional expertise on contract, as a volunteer, consultant or even as an intern for a period of time that suits you best.
Our goal is to offer a platform for our nation Ghana, to “harness international skills for national development”.