Skip to main content

Technical, vocational education levy proposed

By Fred SARPONG

The management of the City and Guilds, one of the world’s leading vocational and technical certificate awarding bodies in the country, has appealed to the government to institute Technical and Vocational Education (TVE) levy to support the sector.

According to them, the levy should be channeled into the development of technical and vocational education in the country.

In an interview with the City & Guilds regional representative for West Africa, Kingsley Koranteng Asiedu, told BusinessWeek that it will be in the right direction if the government will allow the industries in the country to pay a levy to support the TVE sector.

He proposed that at least 1% or 2% of profit from the industry in Ghana should be channeled into the TVE sector.

He indicated that among the challenges they face is the lack of recognition from employers and some educational institutions.

“The sad aspect is that some employers discriminate against TVE graduates when it comes to job placement and salary,” said Asiedu.

Asiedu noted that they will continue to engage government, schools and colleges, training providers, employers, polytechnics, the universities and the Ghana Education Service, especially, with the view to making TVE a priority to this nation.

He said they are also ready to partner oil and gas companies and training providers so that they could use their awards to equip the youth with the needed skills to ensure that they benefit from the various job opportunities that will be available.

“We will also continue to review our syllabus and introduce new awards to meet the demands of the job market globally and, above all, strive to deliver superior services to our partners and stakeholders in this country and in the sub-region,” said Asiedu.

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of