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Sacked Twitter staff in Ghana finally get pay-off
X, formerly known as Twitter, has finally paid off the staff it sacked in its African headquarters more than a year after they were laid off, the agency which represents them has said.
Most had only been in the job, based in Ghana’s capital, Accra, for a few months when the social media platform fired them in November 2022.
They had threatened to take X to court for failing to pay the redundancy money they said they were promised.
The company has not commented.
X has previously said that it had paid ex-employees in full.
Elon Musk, who took over the company in 2022, embarked on a massive global cull of employees, sacking more than 6,000 people. He had said he was losing more than $4m (£3.5m) a day.
The African contingent, who number fewer than 20, had only just moved into X’s new office in Accra, following about eight months of working from home during the Covid-19 pandemic.
Agency Seven Seven, the company providing legal representation to the staff, said it had been successful in its quest to get a redundancy settlement and repatriation expenses for foreign staff, although it did not specify the amount of the pay-out.
“They are very pleased to finally be able to get their due, put this behind them and look to the future,” Carla Olympio from Agency Seven Seven told the BBC.
Last year, sacked staffers told the BBC their treatment by X had harmed their mental health and their finances.
“It’s difficult when it’s the world’s richest man owing you money and closure,” one said.
They said they were initially told that, although their contracts were being terminated, they would be paid to work for one more month. But they were immediately locked out of their emails and no further salary payments were made.
Since then, the staff said they had been involved in a frustrating battle for compensation.
Some of them had moved from neighbouring countries, such as Nigeria. Their contract termination meant they were left stranded in Ghana, along with their families.
In a rare interview last April, Mr Musk told the BBC that the social media giant had 1,500 employees, down from the just under 8,000 who were employed at the time he bought the company.
When the news of Mr Musk’s radical staff cull became public, he tweeted that laid-off employees were given three months’ severance pay.
But the staff based in the Africa office say they did not receive this.
According to Agency Seven Seven, X only began negotiations with the sacked Africa staff after the BBC covered the story.
Last year, X was hit by a lawsuit, filed by ex-employees in a California court, for allegedly refusing to pay at least $500m in promised severance packages.
Source: BBC.com
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
