- The Ghana Employers Association (GEA) has assured Ghanaians that it is unlikely any employee would be laid off
- GEA's CEO, Alex Frimpong, stated that discussions are being held with stakeholders in order to protect the jobs of employees
- He added that there is an Emergency Response Fund available to protect Ghanaian companies against the impact of the coronavirus
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The Ghana Employers Association (GEA) has assured Ghanaian workers of the unlikelihood of an employee losing a job due to the outbreak of the coronavirus.
According to the GEA, it does not expect its members to lay off workers to reduce the impact of the COVID-19 on businesses.
Its Chief Executive Officer (CEO), Alex Frimpong, explained that per the last discussions held on the matter, there are plans to cushion businesses against the impact of the epidemic.
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He added that the last resort the GEA would fall on would be to lay off employees and for that reason, they are hopeful that measures implemented would yield desired results, myjoyonline reports.
Frimpong went on to say that there is an Emergency Response Fund available to cushion Ghanaian companies against the impact of the coronavirus.
He noted that modalities to be implemented before the funds can be accessed would be concluded in the coming days.
To Frimpong, it is important that the government intervenes because it runs primarily on the taxes paid by corporate bodies.
For that reason, he stated, the fund would come in handy to help with the procurement of raw materials and the payment of salaries.
In other news, President Akufo-Addo has revealed that the government has set aside a GHC1 billion package to support businesses in Ghana.
According to him, the decision is intended to help businesses continue operations as the coronavirus takes a toll on the economy.
He indicated that the package, dubbed the Coronavirus Alleviation Programme (CAP), will attempt to revive industries in Ghana affected by the COVID-19 outbreak.
The president gave the announcement as he directed for there to be a partial lockdown on from Monday, March 30, 2020.
READ ALSO: COVID-19: Report says African economies may fully recover after 3 years
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