Kasapreko Company Limited, a maker and producer of alcoholic and non-alcoholic beverages in Ghana, has announced that it is providing assistance to shield its employees from the country’s current economic difficulties.
In a note to all employees dated November 1, 2022, and signed by its managing director, Mr. Richard Adjei, the beverages company stated: “Management is profoundly worried given the recent volatility in the country which is impacting the wellbeing of personnel.”
Management announced: “The payment of a double salary to all permanent, contract, and casual employees in November 2022,” in addition to the steps already in place to cushion the staff.
The management expects that the “payment will bring relief to all personnel and their families,” according to the statement.
During a recent national speech to the nation on the economic crisis, President Nana Akufo-Addo stated that although the government is looking for methods to lessen the burden, he is aware that the current economic crisis is placing unreasonably high strain on people and companies.
“I am aware that the rising expense of living is everyone’s top worry. It is fueled by rapidly rising gas prices, which are brought on by both our depreciating currency and increasing global crude oil prices. I am aware that this is placing families and companies under unacceptable stress. I am aware that people are being pressured into decisions that they ought not to be making, and I am also aware that this has resulted in the devaluation of traders’ capital and painstakingly collected savings,” he addressed Ghanaians on Sunday night (30 October 2022).
The president stated that “the government is attempting to ensure stable and regular sources of affordable petroleum products for the Ghanaian market” as one of the mitigation measures.
It is anticipated that, if effective, this arrangement, along with a stable currency, will stop the rise in fuel prices and provide relief for everyone.
Source: newsthemegh.com