GHAMRO To Disburse Royalties To Members On Thursday.

The Ghana music Rights Organization (GHAMRO) is set to disburse royalties to its members on Thursday,8th March 2018.

The public relation officer of GHAMRO, Prince Don Tsegah confirmed the news in a press statement forwarded exclusively to Razzonline.com
 Below is the full statement

 

For Immediate Release

                               PRESS RELEASE

The Ghana Music Rights Organization (GHAMRO) wishes to inform its esteemed members that the royalty distribution for the December, 2017 which was delayed, due to circumstances beyond our control, will start from Thursday, 8th March, 2018.

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For the records, the total sum of One million five hundred and sixty two thousand, seven hundred and ninety five Ghana cedis eighty five pesewas (GHC 1,562,795.85) was allocated to GHAMRO as payment for the statutory 20% Blank Levy as second tranche payment of 2017 and same was paid to GHAMRO on February 25th, 2018  by the Registrar General’s Department.

In line with section 19 of the Copyright Regulations of 2010, Legislative Instrument 1962 which provides for the statutory distribution percentages of 60% for distribution, 30% for administration and 10% for the welfare, the total funds for disbursement to members is GHC 937,677.51.

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The 30% administrative allocation is to be used for the day to day running of the society and the procurement of the necessary logistics for the efficient pursuit of the mandate. Management is therefore happy to inform members of the acquisition of two saloon cars, namely Toyota Corolla and Toyota Yaris, to help facilitate and enhance administrative activities of the society.

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For the information of members, effective the 30th June, 2018, GHAMRO will start the distribution of royalties based on frequency of airplay i.e. (Title Specific Distribution)  As GHAMRO prepares to implement the Title Specific Distribution, members are therefore requested to kindly update and appraise their records with Society before the due date. For further enquiries please call our hotlines on 0540122325 / 057316811

GHAMRO PLAY BEFORE PLAY.

SIGNED

Prince Tsegah

Public Relations Head.

0244670554.

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