The world economy is at a crossroads on so many fronts that it requires a different approach than what we are used to, especially in dealing with security risks. We need a new way of thinking about security that puts more emphasis on cooperation than on alliances, and on communication...
An estimated US$561.8billion is needed for various investments to realise the country's energy transition (ET) commitments of net zero emissions by 2070, based on the National Energy Transition Framework. The amount, to be spent on four broad areas: energy, transport, residential and industrial, and service, will boost the country’s efforts...
Banking Consultant Dr. Richmond Atuahene has warned that banks operating in the country could face insolvency if the International Financial Reporting Standard (IFRS) 9 is applied strictly, following their participation in the Domestic Debt Exchange Programme (DDEP). Already, there are indications that foreign-owned banks, including South Africa-based Standard Bank and...
The Ghana Revenue Authority (GRA) is set to start the first phase of electronic value added tax (e-VAT) implementation, where some 600 taxpayers in the Large Taxpayer Office (LTO) will be integrated into the Commissioner-General’s invoicing system from March 31 to June 1, this year. This follows the successful pilot...
The Agricultural Development Bank (ADB) PLC has launched a new corporate strategy with a commitment to strengthen Agribusiness Financing to accelerate the achievement of its vision "to be the people’s bank, harnessing the transformational power of agribusiness for wealth creation." The new corporate strategy, which was considered and approved by...
The Ghana Integrated Iron and Steel Development Corporation (GIISDEC) is actively engaging investors to unlock the potential of the domestic iron ore industry, its Chief Executive Officer (CEO), Kwabena Bonsu Fordwor, has revealed. GIISDEC is seeking private investors to explore the natural resource, which is estimated at 6.4 billion tonnes...
CalBank Plc has expanded its network by opening a new branch in the Bolgatanga Municipality of the Upper East Region to cater for the increasing demand for quality banking services from customers in the area. According to the Chief Executive Officer of CalBank, Philip Owiredu, Bolgatanga has been identified as...
The relationship between free trade and poverty reduction is an inverse one. The higher the level of free trade, the higher the poverty reduction. Free trade has reduced global poverty by accelerating the quantity and quality of employment opportunities in developing countries by stimulating economic growth. Developing countries now...
Our lives begin to end the day we become silent about things that matter …Martin Luther King, Jnr Dear readers, last week I looked at the dilemma faced by bank staff when it comes to whistle blowing. Let us examine some of the problems that internal staff have to battle with...
Every business sets out to make money or provide a specific service. There is always a particular objective that the business entity wants to achieve. However, to achieve their mission, certain risks happen, and one of them is cyber risk. As the Chief Security Office of Moniepoint, my responsibilities revolve...