Pulse.com.gh logo
Go


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

  • Published: , Refreshed:

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 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana, so...bullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 How to make money online Online jobs; how to make money on YouTube...bullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 Education Top 5 private high schools in Ghana according to WAECbullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
9 Tax Hikes Majority to support tax increasebullet
10 BoG cancels acquisition of adb shares by Belstar & 3...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
4 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
5 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
6 Support Finance minister buys Kantanka carbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 New Phone Nokia’s MWC 2018 event in 7 minutesbullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet

Business