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  • Ministry of Tourism, Arts and Culture institutes insurance scheme for Creative Arts industry.

    Ministry of Tourism, Arts and Culture institutes insurance scheme for Creative Arts industry.

    The Ministry of Tourism Arts and Culture has instituted an insurance scheme for those in the Creative Arts Industry.


    This Scheme is to cover critical issues such as injury and other accidents in the line of duty.
    The scheme will be launched next month and will take effect on the 1st of January next year.
    Sector Minister, Babara Oteng Gyasi, speaking at the Meet the Press Series in Accra said the scheme will cover members in good standing, adding that the first year premium will be funded by government and subsequently self-payment by members from 2022.


    When she took her turn at the Meet the Press Series, the Minister of Tourism, Babara Oteng Gyasi, gave a brief on government COVID-19 alleviation programme for members in the tourism sector.


    So far more than 54,000 members in the hospitality, clothing and textile, as well as food and Beverages sector have benefited from the intervention in Covid and post Covid-era. She said that more interventions are in place to cushion members.


    Madam Oteng Gyasi spoke of plans to have an insurance package for members. She said most creative arts practitioners are not covered by any risk measures. This is partly due to the fact that such persons are not salaried workers and they ply their trade through contractual methods, hence the scheme.


    The Ministry is also working on other projects such as the establishment of a film village, a gold museum setting up of a creative industry fund among others in a bid to sustain and project the creative arts industry.


    gbcghanaonline

  • Ministry of Finance welcomes Special Prosecutor’s risk assessment of Agyapa.

    Ministry of Finance welcomes Special Prosecutor’s risk assessment of Agyapa.

    The Ministry of Finance says it welcomes the decision of the Special Prosecutor to undertake the risk assessment and views it as an opportunity to address some of the concerns raised in respect of this transaction.

    In a statement issued by the Public Relations Unit, the Ministry said such an assessment would reassure Ghanaians that “the transaction has and will continue to adhere to the highest levels of corporate governance and transparency.”

    The statement said the Ministry had notified the Office of the Special Prosecutor (OSP) that the Initial Public Offering would not be launched until the completion of the risk assessment.

    It said the exercise and the findings by the Office of the Special Prosecutor of Ghana “shall be deemed material to the Initial Public Offering (IPO) and public listing of Agyapa and will therefore need to be fully disclosed in the prospectus prior to applying to the regulators of the UK and Ghana Stock Exchanges for approval to launch the IPO.”

    “This Ministry is, therefore, working with the OSP to successfully complete this exercise. In the interim, the OSP has been notified by Ministry of finance that the IPO shall not be launched until the risk assessment has been completed,” it said.

    On September 14, 2020, the Office of the Special Prosecutor (OSP), in exercise of its mandate pursuant to sections 2 (1) (c), 29, 69 and 73 of Act 959 and Regulation 31 (1) and (2) of L.I. 2374 requested for information and production of documents in relation to a risk assessment it was conducting on Agyapa Royalties transaction.

    Source: GNA