Godwin-Xavier Ayeebo

Godwin-Xavier Ayeebo

I am a generational thinker and I advocate for sustainability.

[08/24/17]   Financial Literacy for All-Few Tips on Social Security contributions in Ghana

The new Ghanaian law on occupational pension scheme enjoins employers and employees to contribute 13% and 5.5% respectively towards retirement and national health insurance needs.
Every employee, who contributes social security in Ghana has their contributions (money) broken down into:
I. 11% out of your 18.5% goes to SSNIT for your retirement benefits (this is he Tier One), under this tier contributors’ investment is in the form of insurance, so no compound interest returns on your investments. (is it even investment?)
II. 5% out of your 18.5% goes to a private trustee and fund management company licensed by the National Pension Regulatory Authority (NPRA). This is the Tier Two. Under this tier, contributors’ investment earns some compound interest over time. However, an individual employee or contributor cannot negotiate for better investment returns.
III. 2.5% out of your 18.5% goes to the National Health Insurance Authority (NHIA) (For your national health insurance needs. So if you are a SSNIT contributor, you do not have to pay cash to NHIA for your health insurance card. You just need to provide your name and SSNIT number to any office of the National Health Insurance Scheme for your card. However, you should have contributed for a minimum of six (6) before you could benefit from it.
IV. Voluntary contributions –For example, Provident Fund or personal contributions ( This is the tier 3)
Withdrawal of Funds
Tier one-the contributor is NOT allowed by law to make some withdrawals from amount contributed to SSNIT. You only get part of it when go on retirement or if you become incapacitated permanently or it is given to your stated beneficiaries or next-of-kin if you die before collecting it.
Tier two and three-the contributor can make some withdrawals only after ten (10) of contributing if the contributor works in the formal sector and the contributor can make some withdrawals only after five (5) years of contributing if the contributor works in the informal sector.
The New Act and the Social Security Contributor
The Act says employees, who actually own the funds deducted from their sweat, are being mandated by this new pension act to:
• Know information about your payroll deduction arrangements with your employer.

• Know how much is deducted from your contribution or how much contribution you pay to the scheme.

• Know contact details of trustee of scheme, such as name of representative of company, phone and fax number and email.

So as a contributor, you do have do not have control and power over your money, till you are old enough to be given part of it to spend or waste.
In Financial Literacy, anytime one does not have control or has little control over one’s investment, then one cannot never be certain of having good returns.
©2017, Godwin-Xavier Ayeebo

[08/23/17]   If we all stop contributing to SSNIT today, SSNIT cannot continue to pay pensioners or pay back to contributors for any reasonable number of years. Isn’t this a Ponzi scheme?
If I invest $66m in a fixed interest rate of 5% per annum, simple interest (without compounding) for five years, I will earn $82.5m (multiply this to the cedi-dollar rate for the cedi equivalent)
SSNIT decided wisely to spend that much in a software that does not introduce business processes re-engineering (BPR). Basically, nothing much has changed at SSNIT especially when the so-called OBS is not friendly to contributors, who cannot read or write as they have difficulties accessing their information on their contributions.
Do you contribute to SSNIT? Get the interest. Get involved. SNNIT must sit up.
We wait for PWC Report.

[08/08/17]   NKRUMAH NEVER DIES
Today, courtesy, Okay FM, I had more education on the United Gold Coast Convention (UGCC)
Few facts:
 George Alfred Grant(Paa Grant)
• He was the Founder of UGCC
• He was the National President of UGCC
• He was the Financier of UGCC

 Board of Trustees
• President
• Secretary
• Treasurer

JB Danquah was not a member of the board of trustees since he was a regional vice president
 Six Regional Vice Presidents
• Vice President -Central Region
• Vice President- Western Region
• Vice President- Ashanti Region
• Vice President-Northern territories
• Vice President-Trans-Volta Togoland
• Vice President-Eastern Region-J.B.Danquah belongs here

JB was just a vice president of the Eastern Region of the original UGCC.

JB Danquah never founded UGCC and it is not his ideas that founded UGCC

It is the hard, hard truth. Anybody doubts it should look for the original constitution of UGCC

JB and his people tried hard since the days of Nkrumah to distort the true historic stories of
Gold Coast and Later Ghana in their favour and tried to paint Nkrumah black and to destroy everything about Nkrumah but in trying so they have ended up selling themselves cheaply to the world

George Alfred Grant (Paa Grant), the founder, President and Financier of UGCC gave out 100 pound sterling to be used for the travelling expenses of Dr. Kwame Nkrumah to return to Gold Coast to join the UGCC and later became its substantive General Secretary.

If Nkrumah could travel to the USA and UK to study, how come some JB people talk as if Nkrumah could not have come back to Ghana because he was probably poor to afford a plane ticket? Nkrumah was an already self-made intellectual but by virtue of the workings of organizations, UGCC needed to send money to Nkrumah since he was needed back home by an organization (UGCC) .Organizations bear the travelling expenses of employees when they travel for the cause of the organization.

NKRUMAISM IS A POLITICAL THOUGHT

The political ideals and ideologies (known as Nkrumaism) of Nkrumah have become part of International Political Thoughts and are taught in world recognized universities and international studies of excellence and this will continue for only God knows.

FOUNDER OF GHANA

Every learned person knows that Nkrumah got independence for us and changed the name of the country from Gold Coast to Ghana.

Nkrumah got us new coat of arms and a new national flag yet some people have become too blind to see all these and still try the unthinkable to degrade Nkrumah and to suggest that their grandfathers founded Ghana. Was is it your grandfathers who brought up the name “Ghana” when the Kingdom of Gana existed centuries before the birth of JB or is it because the spellings are not exactly the same? Was is your grandfathers, who gave us a new flag designed by Madam Theodosia Salome Okoh?

Was it their grandfathers who declared independent for Ghana? Where they on 6th March, 1957?
JB’s children and grandfathers should know that JB did his part but not to the magnitude they are portraying him. JB was not known internationally and will not be known globally more than Nkrumah.

Nkrumah was voted the African of Millennium, i.e. the African of the last one thousand (1000) years.
That alone should put matters to rest because in the contest in searching for the African of Millennium, JB was nowhere to be found.

If you go to central to celebrate 70 years of UGCC and displayed JB’s pictures as if he founded UGCC .

You can try hard but we know the truth that is it not JB who founded UGCC. You have gone far with the distortions of the historic of Ghana but the truth still stands, that PAA GRANT FOUNDED UGCC.

©2017, Godwin-Xavier Ayeebo

05/07/2017

Financial Literacy Training Institute

"The number one problem in today's generation and economy is the lack of financial literacy."
Alan Greenspan

26/05/2017

Godwin-Xavier Ayeebo

Goodbye, math and English. Hello, teamwork and communication?
Source: Weforum.org

It’s no longer enough to fill your CV with impressive grades. Employers are looking beyond qualifications to figure out what other skills their candidates have.
Cognitive skills in topics like maths and English have long been used as to measure the calibre of a job candidate. But a report by The Hamilton Project, an economic think-tank, says that non-cognitive skills are also integral to educational performance and success at work – and are becoming increasingly so.
Non-cognitive skills are your “soft skills”: things like how well you can communicate, how well you work with others, how well you lead a team and how self-motivated you are.
The report says that, to a certain extent, those soft skills inevitably depend on people's personality: “some individuals have an inherently easier time getting along with others” for example. They are also closely linked to the level of education a person has received, as well as that of their parents.
However, these skills can also be taught, says the report.
Not enough skills
The Hamilton Project referenced a survey of hiring managers in the US, which suggests that they are just as worried about finding people with the right non-cognitive skills as with more traditional and measurable abilities.
“While fewer than 20% of hiring managers said that recent graduates lacked the math skills needed for the work, more than half said that recent graduates lacked attention to detail. About equal shares of hiring managers saw deficiencies in writing proficiency and communication—the cognitive and non-cognitive aspects, respectively, of a single skill. About a third of hiring managers said recent college graduates lacked data analysis and teamwork skills,” says the report.
Why is this important?
The Hamilton Project argues that non-cognitive skills are crucial for the labour market for four key economic reasons.
1. Today’s jobs demand more non-cognitive skills than they did in the past.
This graph shows that tasks that involved working with or for people – requiring better non-cognitive skills - are substantially more important today than they were in the 1980s and 1990s. Tasks such as social skills and service skills have grown by 16 and 17% respectively, while tasks that require high levels of maths have only grown by 5%.

2. The labour market increasingly rewards non-cognitive skills.
These charts show the link between salary and both types of skills.

3. And the more likely they are to be in full time employment.
These two bar charts show how, as non-cognitive and cognitive skills go up, so do earnings and the probability of full-time employment. This is unsurprising, but the data also shows how non-cognitive skills have become much more important over time.

4. Those with fewer non-cognitive skills are being left behind.
This final chart shows that almost all of those who are in the top 25% in non-cognitive skills complete high school, and more than half complete a degree.

Leaving qualifications behind
Some companies are indeed bypassing qualifications altogether and using their own methods of assessing a candidate. In 2015 the global accountancy firm Ernst & Young said that they were going to use their in-house assessment programme and numeracy tests. “At EY we are modernising the workplace, challenging traditional thinking and ways of doing things. Transforming our recruitment process will open up opportunities for talented individuals regardless of their background and provide greater access to the profession,” says the company.
The World Economic Forum Future of Jobs report argues that emotional intelligence, creativity, and people management will be among the top skills needed for jobs in 2020. “Change won’t wait for us: business leaders, educators and governments all need to be proactive in up-skilling and retraining people so everyone can benefit from the Fourth Industrial Revolution,” the report states.

[05/26/17]   Goodbye, math and English. Hello, teamwork and communication?
Source: Weforum.org

It’s no longer enough to fill your CV with impressive grades. Employers are looking beyond qualifications to figure out what other skills their candidates have.
Cognitive skills in topics like maths and English have long been used as to measure the calibre of a job candidate. But a report by The Hamilton Project, an economic think-tank, says that non-cognitive skills are also integral to educational performance and success at work – and are becoming increasingly so.
Non-cognitive skills are your “soft skills”: things like how well you can communicate, how well you work with others, how well you lead a team and how self-motivated you are.
The report says that, to a certain extent, those soft skills inevitably depend on people's personality: “some individuals have an inherently easier time getting along with others” for example. They are also closely linked to the level of education a person has received, as well as that of their parents.
However, these skills can also be taught, says the report.
Not enough skills
The Hamilton Project referenced a survey of hiring managers in the US, which suggests that they are just as worried about finding people with the right non-cognitive skills as with more traditional and measurable abilities.
“While fewer than 20% of hiring managers said that recent graduates lacked the math skills needed for the work, more than half said that recent graduates lacked attention to detail. About equal shares of hiring managers saw deficiencies in writing proficiency and communication—the cognitive and non-cognitive aspects, respectively, of a single skill. About a third of hiring managers said recent college graduates lacked data analysis and teamwork skills,” says the report.
Why is this important?
The Hamilton Project argues that non-cognitive skills are crucial for the labour market for four key economic reasons.
1. Today’s jobs demand more non-cognitive skills than they did in the past.
This graph shows that tasks that involved working with or for people – requiring better non-cognitive skills - are substantially more important today than they were in the 1980s and 1990s. Tasks such as social skills and service skills have grown by 16 and 17% respectively, while tasks that require high levels of maths have only grown by 5%.

2. The labour market increasingly rewards non-cognitive skills.
These charts show the link between salary and both types of skills.

3. And the more likely they are to be in full time employment.
These two bar charts show how, as non-cognitive and cognitive skills go up, so do earnings and the probability of full-time employment. This is unsurprising, but the data also shows how non-cognitive skills have become much more important over time.

4. Those with fewer non-cognitive skills are being left behind.
This final chart shows that almost all of those who are in the top 25% in non-cognitive skills complete high school, and more than half complete a degree.

Leaving qualifications behind
Some companies are indeed bypassing qualifications altogether and using their own methods of assessing a candidate. In 2015 the global accountancy firm Ernst & Young said that they were going to use their in-house assessment programme and numeracy tests. “At EY we are modernising the workplace, challenging traditional thinking and ways of doing things. Transforming our recruitment process will open up opportunities for talented individuals regardless of their background and provide greater access to the profession,” says the company.
The World Economic Forum Future of Jobs report argues that emotional intelligence, creativity, and people management will be among the top skills needed for jobs in 2020. “Change won’t wait for us: business leaders, educators and governments all need to be proactive in up-skilling and retraining people so everyone can benefit from the Fourth Industrial Revolution,” the report states.

[04/25/17]   In 1896, Thomas Edison, the great inventor who invented the electric bulb, was working on an idea to design a car when he heard that a young man who worked in his company had created an experimental car.

Edison met the youngman at his company's party in New York and interviewed him about the car. He was impressed!

He had the same idea as the young man but he was considering electricity as the power source while the young man used a gasoline engine to power the car. He slammed his fist down and shouted "young man, that's the thing! You have it! I think you are on to something! I encourage you to continue your pursuits!"

With these words of encouragement from the most highly respected inventor in the United States at that time, HENRY Ford continued his work, invented a car and became wealthy.

On december 9, 1914, Thomas Edison's laboratory and factory got burnt. He was 67years old and the damage was too extensive for insurance cover. Before the ashes were cold, Henry Ford handed Edison a cheque of $750,000 with a note saying that Edison could have more if he needed it!

In 1916, Henry Ford relocated his home to the building next to Edison's home and when Edison couldn't walk and was confined to a wheelchair by his doctors, Henry Ford also bought himself a wheelchair so that he could run wheelchair races with his friend and mentor!

Thomas Edison made Henry Ford believe in himself and got a friend for life!

Don't ever be jealous of other people's success. If you can't win a race, help the person in front of you break the record!

Putting out the candle light of your neighbour in the dark will never increase the brightness of yours.

Your candle will not lose its light when it lights up another candle. Getting the job done is more important than who gets the glory!

Be inspired, speak positively into someone's life today, and possibly save a soul.

Address


Accra
Accra
GP
Other Accra schools & colleges (show all)
Gti Ghana Gti Ghana
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A GTI corporate platform that seeks to provide a compelling environment for individuals and organizations that wants to develop.

Safehouse Tv Safehouse Tv
P.O.BOX 11 NUNGUA
Accra, +233

Safehouse Tv founded in the year 2015 by safety educator/researcher Mr. Peter Yaw Ettey as a means to deliver safe, effective fire & general safety education to children and adults of all ages.

Harvest TIME International School Harvest TIME International School
P.M B 67 MADINA
Accra, +233

NOTHING MUCH TO SAY ABOUT HARVEST TIME INTERNATIONAL BUT ALL THAT CAN BE SAID NOW IS THAT HARVEST TIME INTERNATIONAL SCHOOL IS A CENTER FOR ACADEMIC EXCELLENCE. WE UNDERSTAND THE TIMES

Accounting Students Association - ASA - UGBS Accounting Students Association - ASA - UGBS
Accra

This is the official Page of The Accounting Students Association(ASA) at The University of Ghana Business School (UGBS).

Royal Diadem School Royal Diadem School
Behind FBN Bank Dome Branch
Accra, P.O. BOX AT 665, ACHIMOTA-MARKET

Having been in existence since 1992, Royal Diadem School consists of pupils from ages two to fourteen, occupying pre-school to the Junior High level.

Ligue Des Jeunes Entrepreneurs Et Leaders Panafricains Ligue Des Jeunes Entrepreneurs Et Leaders Panafricains
East Legon
Accra, 3543

Réseautage, Coaching, consultance, developpement personnel, art oratoire et développement d'entreprise.

Language Wealth International Language Wealth International
TEMA Com 9.
Accra, PMB

LWI fournit des services faits sur mesures qui répondent aux normes internationales pour ses aimables clients.Vous offre des cours d’Anglais, Anglais des Affaires, IELTS, TOEFL .

The West African Examinations Council - WAEC, GHANA The West African Examinations Council - WAEC, GHANA
Examination Loop (Behind Ridge Hospital)
Accra, P. O. BOX 917 , ACCRA

This is the Only Official page of The West African Examinations Council.

Piano Tutorial clinic Piano Tutorial clinic
Accra
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Piano tutorial clinic helps both beginners and intermediate keyboard players to learn more about what really goes into their play as keyboardist to become professionals.

Tesano Primary & J.H.S. School Tesano Primary & J.H.S. School
Tesano
Accra, 23321

A PAGE CREATED FOR THE OLD STUDENTS WHO ATTENDED TESANO PRIMARY AND J.H.S.

SESO FRESH Tilapia FARM SESO FRESH Tilapia FARM
ADENTAN
Accra, 00233

Infant_CARE © is a non-governmental organizations based in Ghana. Its mission is to protect innocent infants from the brutal word Abortion. We aim to save possible and potential future leaders.

Romma Basic School Old Student Association Romma Basic School Old Student Association
DARKUMAN NEAR THE CIRCLE STATION
Accra, 8280 ACCRA GHANA

ROSA...THE pride of darkuman.no size...