Pulse Business Wrap- 50% pay rise not possible, labour minister tells organised labour

  • Published: , Refreshed:
24/7 Live - Subscribe to the Pulse Newsletter!

Govt's 500m Cedi- domestic bond under-subscribed

The three-year 500 million Ghana Cedi -domestic bond issued by the Bank of Ghana on Thursday January 7 on behalf of government has been under- subscribed.

While government wanted a total of 500 million Ghana Cedis, it was able to raise only 426 million Ghana Cedis by the end of the issuance of the bond in total offers out of which it took   373 million Ghana Cedis at an interest of 24.75 percent.

50% pay rise not possible, labour minister tells organised labour

The Labour Minister Haruna Iddrisu has told Journalists in Accra that the 50% pay rise demanded by organised labour is not only "difficult but impossible."

After a series of sweeping increases in taxes, utilities, and levies came into force this year, organised labour has been on the neck of government to increase salaries by 50%  but the labour minister say it is impossible

Finally to our market updates for today starting from the currency market,

Currency                Buying                       Selling

Dollar                        3.79                             3. 90  

Pound Sterling          5.55                              5.60  

Euro                         4.07                              4.40


To  the biggest gainers and losers on the Ghana Stock Exchange,

Aluworks Limited recorded the biggest gain on Thursday, recorded the biggest loss today , dropping 1 Pesewa on its share price closing at 11p, whiles Benso Oil Palm Plantation recording the biggest gain of  all, gaining 2 Pesewas on its share price for today, closing at  2. 50p.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Banking In Ghana Ghanaian banks resist the use of crypto currencybullet
2 MoMo Ghanaians to make int’l payments with mobile money as MTN...bullet
3 2018 World Happiness Report Somalia is a happier place to live than...bullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Police Service Debt Vodafone cuts off line to Ghana Police...bullet
6 Nima Flagstaff House We'll return to vote for you in 2020 -...bullet
7 Nepotism In Ghana NLA boss awards sister-in-law 11 contracts...bullet
8 Prisons Recruitment Prison Service extends recruitment...bullet
9 Electricity Tariffs PURC gazettes tariff reductionbullet
10 Monument of founder of Accra Mall, Joseph...bullet

Top Videos

1 Support Finance minister buys Kantanka carbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Forbes 2018 Africa's billionaires rich listbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 Plane Crash Starbow suspends operations following plane crashbullet
9 Entrepreneurship How To Get Ready To Get Started |...bullet
10 Entrepreneurship How to be resourceful as an entrepreneurbullet