GRi Business, Economics
& Finance 27 - 08 - 2003
Fashion programmes in line with NEPAD activities
Govt pays outstanding workmen's compensation
Fashion programmes in line with NEPAD activities
Accra (Greater Accra) 27 August 2003 - Dr Kofi Konadu Apraku, Minister of Regional Cooperation
and NEPAD, has urged the ECOWAS Bank for Investment and Development (EBID) to
fashion its programmes in line with NEPAD activities to benefit all sectors.
Dr Apraku also asked the Bank to do all it could to complement the work of the
African Development Bank (ADB) in the West Africa Sub-Region.
The Minister said this at the first meeting of the Bank's Board of Directors
after Vice President Alhaji Aliu Mahama inaugurated it in Lome, Togo, a
statement issued by the Ministry of Regional Cooperation and NEPAD said on
Tuesday.
Dr Apraku is Ghana's representative on the Board of governors.
The statement signed by Kwame Nuako, Special Assistant of the Minister, said
a representative of Togo was elected to chair the Board. The chairmanship would
rotate among member states.
At the meeting, members urged their colleagues, who had not ratified the Bank's
protocol, to do so.
They also called on members, who had defaulted in paying their allocated shares
under the first tranche of the called-up capital to make full payment as soon as
possible.
The EBID is a holding company with two subsidiaries - ECOWAS Regional Investment
Bank and the ECOWAS Regional Development Fund.
It has an authorised capital of 603 million units of accounts ($750m) allocated to regional member states and non-regional members in the
proportion of 66.67 per cent and 33.33 per cent, respectively.
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Govt pays outstanding workmen's compensation
Accra (Greater Accra) 27 August 2003 - Government has released ¢2.4bn to the
Ministry of Manpower Development and Employment for the payment of outstanding
workmen's compensation.
The amount is to be distributed by the Labour Department of the Ministry to 338
injured public servants, who qualify to be compensated in accordance with the
Workmen's Compensation Law.
A statement issued signed by Kwamina Sakyi, Public Relations Officer of the
Ministry, said the release of the money is to demonstrate government's concern
for the well being of workers and to help build their trust and confidence in
the Executive.
The statement noted that efforts are underway to pay any other outstanding
workmen's compensation as soon as possible.
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