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Expatriate social contribution article

Expatriate social contribution article

It is mandatory for every employer to make pension contributions on behalf of their expatriate employees in Ghana. Expatriates are guaranteed recovery of their contributions once they demonstrate that they are emigrating permanently from Ghana, whether or not the minimum pension contribution period of 15 years or the retirement age of 60 years is met. Exemption from participation/contributions is available to expatriates who reside and are employed in Ghana for period not exceeding 36 months and can show proof of membership of a scheme in another country.

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Expatriate social contribution article

We believe there will be rapid development  and adoption of AVs, because of the alignment  of interest of private developers and public  authorities.

Companies including the dominant vehicle  makers, technology giants and specialist  startups have invested US$50 billion over the  last 5 years to develop AV technology, with 70  percent of the spending coming from outside  the automotive sector.2

At the same time, public authorities can see  that AVs offer huge potential economic and  social benefits. AVs could
eliminate the 90–95

percent of road accidents caused by human  error,3 saving as many as a million lives every  year. Assuming they are electric, they should  also reduce road pollution, improving citizens’  health.4 AVs offer mobility benefits to people who are unable to drive at present, including  the elderly, those who do not own a car and  those who live in rural areas that do not have  adequate public transport. And the hours  spent driving which now become
productive  creates a potentially gigantic economic  boost, with one study estimating that the  US economy could see an uplift of US$1.3  trillion a year.5

For these reasons and others, many  governments are keen to move towards an AV  future as soon as possible.

 

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