[ad_1]
The next Government of the National Democratic Congress (NDC) will introduce a new Pension Plan for organized groups in the informal sector.
“The government under Mr. John Dramani Mahama as President and Professor Jane Naana Opoku Agyemang as Vice President will contribute a percentage on behalf of any group participating in the new informal sector scheme,” stated the NDC in its 2020 Election Manifesto.
The NDC Election 2020 “People’s Manifesto: Jobs and Prosperity for All”, based on which the party seeks to solicit the vote of the electors, identified the groups that qualify for the Organized Group Pension Plan as cocoa and cashew farmers .
Other groups are: Drivers Unions such as GPRTU, PROTOA and Cooperatives; Ghana Merchants Union Association; Beautician and Barber Associations; Dressmakers and Tailors Associations; Workshop associations; Ghana Craftsmen Association; and Associations of Farmers and Fishermen.
On the insurance sector, the NDC said that if elected to form the next government, judging by the important role the insurance industry plays in the economic growth of a nation; “We will take a risk-based minimum capital approach to the industry.”
The NDC explained that the risk-based minimum capital insurance approach is a system whereby the minimum capital will be linked to the risks assumed by an insurance company, rather than the current minimum fixed capital regime.
The next NDC government will improve measures to combat money laundering, terrorist financing and the proliferation of weapons of mass destruction.
The NDC said it would promote the effective implementation of legal, regulatory and operational measures to combat money laundering, terrorist financing, and the proliferation of weapons of mass destruction and other related risks at the national level.
The NDC in its 2020 Election Manifesto said it would address the strategic deficiencies identified in Ghana’s measures to combat money laundering, terrorist financing and the proliferation of the weapons of mass destruction system.
The NDC measures would avoid the need for sanctions or “black lists” by the international standard-setting body, or the European Union; Use and train the Financial Intelligence Center (FIC) as well as other key agencies involved in the fight against money laundering and terrorist financing.
The next NDC government would also introduce standardized certification for AMLROs and chief compliance officers at all financial institutions and fast-track measures to combat money laundering, terrorist financing, and proliferation of weapons of mass destruction cases. , with the establishment of more special courts. for financial crimes.
It would ensure better synergy between the FIC, EOCO and the judiciary to improve investigation, asset tracing and prosecution.
In recognition of the contribution of Cooperatives in the sectors of commerce, agriculture, pharmaceuticals, transportation, among others, the next NDC Government will work with the Ghana Council of Cooperatives to restructure the sector to respond to the modern economic and financial needs of communities.
It would empower, support and develop capacities for cooperatives to play key roles in rural and community socio-economic improvements.
The NDC also noted that under the new government of Mr. Mahama, the government would work with the Council and stakeholders from the more than 3,500,000 cooperatives in Ghana to review and enact a new cooperative law.
He said the new law will reposition cooperatives in community financial inclusion, productivity and socio-economic development, and will promote the interest of young people in forming cooperatives.
The NDC said: “It will not only create jobs, but also sustainable and decent jobs so that people can live a decent life. With this in mind, we set out to develop the People’s Manifesto, a social contract between the NDC and the people of Ghana.
“To make our manifest writing process widely consultative and popular, we take a bottom-up approach. In addition to internal consultations within the NDC, our grassroots bodies involved their communities and conveyed their expectations of inclusion.
— GNA
