Eco Bank has begun the payment of 50 per cent severance award to workers of the Ghana Consolidated Diamonds (GCD) who were laid off after the collapse of the company.
The payments followed the release of GHC3 million by the government to the bank for disbursement to the workers.
The Deputy Eastern Regional Minister, Mr Baba Jamal, told the Daily Graphic in Koforidua yesterday that the government had to intervene to save the workers from further hardships.
"The release of the money is also in fulfillment of a promise the President, Professor John Evans Atta Mills, made to the workers of GCD in his 2008 presidential campaign to pay their severance packages if voted into power," Mr Jamal stated.
"When GCD is successfully divested, the remaining 50 per cent of the workers' severance award will be paid by March, 2011," he added.
GCD collapsed in 2006 and the 780 workers of the company
were laid off.
The deputy minister said the closure of the company had affected the survival of the workers and their families over the years, adding that "41 of the workers have so far passed away due to economic hardship they faced".
To facilitate the payment process and other documentation, Mr Jamal said all the workers were allowed to take photographs free of charge.
"It is a great relief for workers of GCD who have endured economic hardship for a long time to receive 50 percent of their severance packages prior to the celebration of the Christmas," the deputy minister stated.
Source: Daily Graphic
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Francis Addai-Nimoh writes: Building a United and Resilient NPP
7 minutes -
Plymouth to host Liverpool in FA Cup fourth round
9 minutes -
Hindsight: Kotoko’s SOS call to Kwame Opoku
13 minutes -
Mat weaving industry holds key to economic empowerment in South Tongu – Klutse Kudomor
19 minutes -
Aglokpovia residents fear looming health crisis as cattle ranch sparks outrage
26 minutes -
Tertiary institutions urged to embrace, support strong governance procedures
31 minutes -
We’ll share Ghana’s resources equitably – Mahama
44 minutes -
NDC’s Chief Biney hit with sad news
44 minutes -
Don’t let power change you – Archbishop Duncan-Williams tells NDC
53 minutes -
Andre Ayew sores again, but Le Havre falls to RC Lens
1 hour -
GFA names Kassim Ocansey as new Black Meteors Head Coach
1 hour -
Michael Baidoo makes Plymouth Argyle debut in FA Cup win over Brentford
1 hour -
Akufo-Addo appointees to boards, corporations, commissions, and councils lose jobs
2 hours -
Today’s front pages: Monday, January 13, 2025
2 hours -
Samson’s Take: Punish the criminal ‘vigilante’ takeovers
2 hours