Investigations by Swiss prosecutors into alleged cases of money laundering by Businessman and Venezuelan diplomat, Alex Saab, have ended after insufficient evidence was found to support the claims. The investigation only proved that there were movements between accounts at Swiss Banks. Swiss prosecutors have been on the matter for over 3years after banks made reports […] The post Swiss
The Minister for Fisheries and Aquaculture, Hawa Koomson, has commended the Tema Oil Refinery (TOR) for its role in ensuring that there is uninterrupted supply of pre-mix fuel for all landing beaches in the country. According to the minister, the steady supply of pre-mix fuel for fisher-folk in the country remains a topmost priority for […] The post Fisheries
The United States expects to “celebrate independence” from COVID-19 by Independence Day (July 4), when vaccines will have been made available to all adults. But for many developing countries and emerging markets, the end of the crisis is a long way off. As we show in a report for the Institute for New Economic Thinking’s […] The post Avoiding a K-shaped global recovery appeared
Know Your Customer, or KYC is a set of processes used by banks and other financial institutions to gather and validate information provided by their various customers. Some of these measures include identifying and verifying customers’ identities and addresses, identifying beneficial owners (i.e., those who ultimately ‘own’ or control a customer) and sanctions screening. KYC […] The post Does
The Director of Education, Shai Osudoku District, Elizabeth Awoonor-Williams, has said that some basic schools in the district are understaffed due to newly posted teachers rejecting their posting as a result of the bad road network and lack of accommodation facilities. According to her, the peculiar nature of the district – whereby the various communities […] The post Bad
UPSA Global Alumni Association has put together a symposium to find pragmatic ways government can shore up its revenue generation and embark on some cost cutting measure to provide it some space for developmental activities. Government presented its Annual Budget Statement and Economic Policy to Parliament on March 12, 2021. Due to the passionate debate […] The post UPSA
A new analysis released by United Nations International Children’s Emergency Fund (UNICEF) has revealed that one in five children in Ghana experience high or extremely high-water vulnerability, and about four in five people may be drinking faecally contaminated water at the point of use. The analysis, part of the ‘Water Security for All initiative’, identifies areas where […] The post Water
Government, and the Ministry of Finance must prioritize the renewable energy sub-sector and pump enough funding in it as current investments in the area remain inadequate, Member of Parliament of Ellembelle constituency and a former minister of Energy and Petroleum Emmanuel Armah Kofi Buah has urged. Increasing investments, he noted, will not only boost the […] The post MP
A contract has been defined as a legally enforceable agreement. We have explained in our earlier write-ups the elements that make a contract be a legally enforceable agreement. These, we said, include agreement (offer and acceptance), capacity (the competence of all parties), mutual assent, consideration, legal purpose, and the form required by law. Insurance contracts […] The post Insurance
I have been fortunate enough to work with two great Leaders and Entrepreneurs of our contemporary times – one from India and other one from Ghana. Gautam Adani, the Founder and Chairman of the Adani Group of India owns and heads a conglomerate, the Adani Group with its headquarters at Ahmedabad, India. The interests of […] The post A saga of human
Ghana’s population has a youthful structure, with approximately 57% being under the age of 25. This number is expected to double by the year 2030, according to the Ghana Statistical Service. Unemployment is in different forms but the very common ones are voluntary and involuntary unemployment. The need to create employment for our youth is […] The post Kandifo
…An overview and critique The Maritime Pollution Act 2016 (Act 932) was passed by Parliament in 2016. The Act received Presidential Assent on 11th October 2016 and was gazetted on the same day. The Act implements in Ghana some provisions of the United Nations Convention on the Law of the Sea 1982 (UNCLOS) and the […] The post The Maritime Pollution Act 2016 (Act 932) appeared
Star Ghana Foundation (SGF), in partnership with the Northern Development Authority (NDA), Northern Development Forum (NDF) and National Peace Council (NPC), has completed the final step of a project for the development of peace and security roadmap for the people of the five regions forming Northern Ghana. The roadmap, which is an output of several […] The post Peace &
A student and alumni-lead initiative at Yale University with a mission to share stories of innovation from the African Startup Ecosystem The Yale Africa Startup Review (YASR) has published the inaugural #YASR30 list honoring 30 startups, 30 stories, 15 countries and 60 founders ushering in a new wave of innovation on the Continent. These African […] The post Yale
The Northern Regional Office of the National Insurance Commission has intensified its compliance outreach in the region especially the enforcement of the third-party Compulsory Motor Insurance policy. The exercise in collaboration with the officers of the Motor Traffic and Transport Directorate (MTTD) of the Ghana Police Service in Tamale is to ensure the safety of drivers […] The post NIC
Ms. Christabel Dadzie, a senior specialist at the World Bank Group has called for intentional support for young women professionals in Ghana’s International Relations ecosystem to enable achievement of their full potential. This, she stated, would enable them to become more effective and successful in their career roles. Ms. Dadzie shared these views as part […] The post Support
Parliament has approved a sum of GH¢512,575,692 for programmes and services of the Ministry of Railways Development for the year 2021. The sector minister, John Peter Amewu, has indicated that the allocation will be applied to activities geared toward revitalisation and modernisation of the country’s railways system to facilitate efficient and effective movement of both […] The post GH¢512m
Old Mutual Life Assurance Company, a major player in the financial and insurance industry in Ghana, has rewarded its top performing financial advisors, sales managers and branch managers. Due to the COVID-19 restrictions, the annual Sales Awards was held virtually on 3rd February 2021 with all sales representatives across Ghana joining the online event. The […] The post Old
Finance Minister-designate, Ken Ofori-Atta, has said that government’s decision to bring back what has become a rather controversial transaction, the Agyapa Royalties deal, to parliament is its potential of bringing in revenue which will effectively reduce government’s borrowing. The country’s finances have been further messed up by the pandemic related spending, as the 2021 budget […] The post Ofori-Atta
Data from the Ghana Investment Promotion Center has revealed that over 70 percent of the locally generated funds invested in the economy went into the construction, building or real estate sector last year. According to the Foreign Direct Investment (FDI) data recorded from January to December 2020, out of GH¢1.43 billion realized as local liquidity […] The post Construction
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