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
-
ASFC 2025: My parents will be happy to see me score for Ghana – Jennifer Awuku
2 hours -
Ghanaian teacher wins prestigious 2025 Cambridge Dedicated Teacher Award
2 hours -
Ghana advances National AI Strategy with second consultation at KNUST
2 hours -
Ghana: World Bank-backed projects drive crippling debt and fossil fuel dependency
2 hours -
ASFC 2025: Jennifer Awuku grabs late winner for Ghana girls against Morocco
3 hours -
Economic growth speeds up in Africa, but uncertainty clouds outlook – World Bank
3 hours -
Apple and Meta attack ‘unfair’ €700m EU fines
3 hours -
Offinso North MP commissions astro turf, hosts successful 2025 Anidaso Easter gala
3 hours -
Mahama names new DCEs for approval across 3 regions
3 hours -
Parliamentary Select Committee on Health to support retooling of hospitals
3 hours -
CJ suspension: Executive trying to control Judiciary – Haruna Mohammed
3 hours -
Adansi Dompoase accident: Death toll reaches 8
3 hours -
Trump accuses Zelensky of harming Ukraine peace negotiations
4 hours -
Raymond Archer now Ag. EOCO boss after Abdulai Dapilah’s reassignment
4 hours -
Ghana to roll out chip-embedded passports from April 28 – Foreign Affairs Minister
4 hours