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Business News of Tuesday, 28 August 2018

Source: www.ghanaweb.com

CEPRAT demand roadmap benefits of workers under collapsed banks

The Centre for Policy Research and Training (CEPRAT) is impressing on the Receiver at the centre of the collapsed banks to provide a clear roadmap of when and how the redundancy package and other benefits of the workers would be paid to them.

According to the Centre, the deliberate neglect and disregard for the workers of the collapsed and taken-over banks, namely, Construction Bank, Unibank, Royal Bank, Beige Bank and Sovereign Bank leave much to be desired.

In a statement signed by the Executive Director of the Centre, Kow Kwegya Amissah Abraham the centre opines that much as the Centre recognizes the need to ensure the safety of depositors’ monies and assets are taken care of, the utter silence on the part of duty bearers on measures put in place to ensure that the rights of the workers as enshrined in the Labour Law will be respected, is worrisome.

"Since the take-over, two letters have been given to all employees; one issued by the employer (the defunct banks) and the other letter by the newly created bank (CBG). The combined effect of these letters to the employees is that their employment (permanent employment) had ceased as CBG has only taken over the banks’ deposits and selected assets and liabilities under Section 123 (2)of Act 930 to which the employees were not part."

Below is the full statement from the Centre