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HAIRCUT ON TIER-2 PRIVATE PENSION FUNDS WILL BE BAD FAITH BY GOVERNMENT

    It has been in the news lately that about 94% of tier 2 private pension funds will be affected by an imminent debt restructuring by the government. If done, this would amount to bad faith by the Government and eventually will kill the goose, private pension funds, the patient long term capital, that is supposed to lay the golden eggs for economic development of the country. First, the government compulsorily paid the Temporary Pension Funds Account (TPFA) funds in government securities instead of cash to the Corporate Trustees, then reviews the private pensions investment guidelines to allow Government to off take 100% of all the funds. Now Government goes on to make the treasury bills and other government securities attractive with good yields above other investment instruments. This then naturally attracts the pension funds since they are deemed to be risk free. All of a sudden boom, a “haircut” and this will be bad faith. It is like luring a cat with fish into a cag...

THE LEADER’S GOAL OF INFLUENCE

  In my quest to want to be a great leader, I have had to read and research into what leadership is all about and how to be great one. I have combed through the Bible to books written on leadership. In the process, I bought any book that I came across that has leadership as part of its title and listened to anything that sounds leadership. This incomplete journey has brought me to understand my goal as a leader and for that matter anyone aspiring to lead. What I intend to do with this article is to have a conversation about leadership by summarizing or demystifying what I have discovered in my journey so far from my perspective. I will start with what leadership is about, talk about the goal of a leader by introducing my model of a “leader’s goal of influence” and adjourn the conversation to another time in my journey of discovery, should I have something to share since a new perspective could enhance this conversation. WHAT IS LEADERSHIP ABOUT? There are many definitions of leader...

CARDINAL RULES IN THE LABOUR-MANAGEMENT NEGOTIATION PROCESS AS ENSHRINED IN THE LABOUR ACT, 2003 (ACT 651) IN GHANA

  Labour-management negotiation involves a strategic conversation between a labour union and an employer on an issue in order to reach an agreed and sustainable outcome that is a gain for both parties.    Section 96 of the Labour Act, 2003 (Act 651),   requires   t e rms   a nd   c ondi t ions of   e mp l o y ment   o f   w orkers to be   c o n c luded b e t w ee n t r a de   u nions on one   h a nd   a nd r e p r e s e ntatives of   e mp l o y e rs on the oth e r h a nd by way of a negotiation process called Collective Bargaining. Section 101 of Act 651,  also requires   negotiating parties to make rules to govern this procedure thereby giving a  legal requirement for the need to have cardinal rules to govern the negotiating process. Negotiation is a  critical and crucial conversation that requires  cardinal rules not only as a  communication protocol  in the negotiating proces...