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TUC Undertaking Feasibility To Establish Labour Bank

Dr. Anthony Yaw Baah, the Secretary-General of Trades Union Congress, (TUC) has revealed that TUC is undertaking feasibility studies and has already dispatched two persons to Japan to understudy how that country implemented its Labour Bank model.

He said the TUC would have further engagements with the Japanese Mission, Ministry of Foreign Affairs and Regional Integration and Finance Ministry, as well as the Ghana Employers Association (GEA) and the Association of Ghana Industry (AGI) towards the liberalization of the Bank.

Dr. Anthony Yaw Baah said this at a public forum on the 2020 Budget.

According to the TUC secretary, the Labour Bank, if established, will support Ghanaian workers to secure decent housing, soft loans and safeguard their welfare and would utilize the experienced retirees in its operations so that the nation would tap into their experiences and offer loans to workers on concessionary rates.

Currently, there is a Labour Bank in Ghana providing loans and other welfare services for personnel of the Ghana Armed Forces.

Source: Kofi Atakora, Joydaddymultimedia.com

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