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Kumawuman Rural Bank posts 420% profit surge in 2024

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Dr. Adomako-Mensah, Board Chairman

By Elizabeth PUNSU, Kumawu

Kumawuman Rural Bank PLC at Kumawu in the Sekyere Kumawu District, in Ashanti Region, has recorded an impressive operational performance for the year ending December 31, 2024, achieving a 420.44 percent growth in profit before tax despite a challenging macroeconomic environment.

The Bank posted a profit before tax of GH₵24.52 million in 2024, up from GH₵4.71 million in 2023. Total revenue also rose sharply by 63.64 percent to GH₵69.96 million, compared to GH₵42.75 million in the previous year. Total expenditure increased marginally by 19.44 percent, reaching GH₵45.43 million.

Kumawuman Rural Bank’s total assets grew significantly by 52.57 percent to GH₵401.87 million from GH₵263.41 million in 2023. Deposits also expanded by 45 percent, growing from more than GH₵255 million to GH₵370.68 million, underscoring public confidence in the Bank’s services and products. The Bank’s share capital improved from GH₵3.67 million to GH₵4.70 million, representing a 28.01 percent increase.

Speaking at the 32nd Annual General Meeting (AGM) of Shareholders, the Chairman of the Board of Directors, Dr. Alex Adomako-Mensah, attributed the strong results to aggressive deposit mobilisation, product innovation, and enhanced risk management practices.

He emphasised that the Bank’s robust balance sheet and growing customer confidence has positioned it for sustained growth in the years ahead.

According to Dr. Adomako-Mensah, the high growth of deposits shows the confidence the general public and customers reposed in the Bank.

He therefore expressed appreciation for the continued support of the Banks loyal customers and the hard-working staff of the Bank adding that the board and management are resolute to continue to formulate strategic policies and plans to improve on deposit mobilisation while miniminsing the associated corresponding market risk.

He was of the belief that the strength of the balance sheet, risk management practices, customer confidence, and digital banking will be the catalyst that will drive its financial performance in the coming years.

Capital injection

According to Dr. Adomako-Mensah, in line with the Bank’s capital restoration plan initiated in 2022, shareholders have been urged to inject additional funds to meet the remaining GH₵3.3 million out of a total capital requirement of GH₵5.1 million.

Dividend payment

In a gesture that marks a new phase of growth, the Board of Directors recommended a dividend payment of GH₵900,590, ending a long wait for shareholders.

 Corporate Social Responsibilities

In pursuance of the Bank’s vision to promote community development in its catchment areas, and make progress towards a more inclusive, sustainable, and prosperous future, the Bank extended support to communities, Institutions, and Projects totaling almost GH₵ 500,000. Most of the support went into health, education and Agriculture projects.

Future Outlook

The Chief Executive Officer of the Bank, Evans Sarfo-Kantanka reaffirmed the Bank’s commitment to its strategic vision of becoming one of the top five Rural and Community Banks (RCBs) in Ghana.

In an interview with the Business & Financial Times, Mr. Sarfo-Kantanka explained that the Bank is pursuing this goal through aggressive deposit mobilisation, the introduction of innovative products and services, and strategies aimed at sustaining growth in deposits and total assets.

He noted that the board and management have also implemented robust credit and operational risk management measures to help reduce non-performing loans and improve asset quality. These measures, he said, will ensure the equitable distribution of the bank’s assets through quality lending and investments in low-risk, high-yield sectors to maximise profitability.

Fire outbreak at China City Mall, Santasi Star Junction

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A fire has gutted parts of the China City Mall located at Santasi Star Junction in Kumasi. The incident reportedly began late Thursday afternoon, sending thick plumes of smoke into the sky.

Eyewitnesses say the cause of the fire remains unclear, but officials from the Ghana National Fire Service are currently on site working to contain the blaze.

No casualties have been reported so far, and efforts are underway to prevent the fire from spreading.

DTI commissions Africa’s first AWS-Certified Welding Training and Testing Centre

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By Buertey Francis BORYOR

 The Design and Technology Institute (DTI) has commissioned Africa’s first American Welding Society (AWS)-certified Welder Training and Testing Centre, marking a significant milestone in Ghana’s technical and vocational education and training (TVET) landscape.

The state-of-the-art facility, located at DTI’s campus, is equipped with a 40-booth workshop, digital welding simulators, and a metallurgical training laboratory.

It is designed to train and certify Ghanaian welders to international standards, positioning them for opportunities both locally and globally.

Speaking at the inauguration ceremony, Dr. Archibald Buah-Kwofie, Acting Director of the Nuclear Power Institute at the Ghana Atomic Energy Commission, described the centre as a “strategic national asset” and a “catalyst for transforming Ghana’s TVET landscape.”

“This facility is not just another training centre. It is a bold statement that Ghana is ready to train its youth to world-class standards,” he said.

Dr. Buah-Kwofie also underscored the importance of welding in Ghana’s emerging nuclear energy sector, noting that certified welders would be critical in the construction and maintenance of future nuclear facilities.

He called for a national welding dialogue to establish a framework for standardizing training, aligning curricula, and certifying welders across the country.

“This commissioning must inspire us to do more. Every region of Ghana should have access to a world-class TVET facility,” he added.

DTI President, Ms. Constance Swaniker highlighted the institute’s five-year journey, advocating for stronger collaboration between academia and industry.

She noted that the skills mismatch between graduates and industry needs has contributed to high youth unemployment and low productivity.

“DTI’s 70 percent employability score, validated by the ISE assessment, is a testament to our commitment to co-designed curricula, entrepreneurship training, and industry-led instruction,” she said.

The centre integrates soft skills training facilitated by clinical psychologists and arts-in-education specialists, ensuring graduates are not only technically competent but also emotionally intelligent and workplace-ready.

Ms. Swaniker said the initiative reflected a growing alignment between the public and private sectors to build a skilled, confident, and globally competitive workforce among Ghana’s youth.

She said the Centre, equipped with a 40-booth workshop, digital welding simulators, and a metallurgical testing laboratory, will offer internationally certified training and testing services to meet the demands of both local and global industries.

“This Centre sets a new benchmark for human capital development in Ghana’s TVET sector,” Ms. Swaniker said.

“It creates dignified, well-paying job opportunities for our youth, reduces costs and delays for industry, and transforms petroleum revenues into human capital dividends for Ghana.”

Ms. Swaniker highlighted the importance of bridging the gap between academia and industry, noting that the disconnect had contributed to high youth unemployment and limited productivity.

She cited global examples from China and India, where structured collaboration between academia and industry has led to innovation and job creation.

She said DTI’s efforts over the past five years- including strategic partnerships, curriculum alignment, and work-based learning initiatives had resulted in a 70 percent employability score for its graduates, according to the IFC Vitae Assessment.

Ms. Swaniker expressed gratitude to the Mastercard Foundation and other stakeholders for their continued support in advancing TVET in the country.

Mr. Isaac Tetteh, Head of the Welding and Fabrication Department at DTI, in remarks emphasised the centre’s role in producing globally competitive welders aligned with AWS, ASME, and ISO standards. He described the facility as more than a physical structure, but the realisation of a dream to train, certify, and elevate the continent’s welders to global recognition.

Additionally, he highlighted its state-of-the-art Mechanical and Metallurgical Testing Laboratory as a game-changer for the country’s industrial sector. “For the first time in Ghana’s TVET space, organisations in oil and gas, power generation, mining and construction can conduct all required mechanical tests and welder qualifications locally,” Mr. Tetteh stated, noting this would significantly reduce dependency on international testing services and support local content development.

Furthermore, he announced plans to position DTI as the continent’s ‘Welding Centre of Excellence’ through strategic partnerships with globally recognised bodies such as DNV and ABS. These collaborations he said, will pave the way for advanced professional certifications, including Certified Welding Inspector and NDT certifications, crucial for the Ghana’s industrialisation and energy transition.

Moreover, Mr. Tetteh reaffirmed centre’s commitment to holistic development, integrating soft skills training facilitated by clinical psychologists to produce “well-rounded professionals who are not only technically competent but also emotionally intelligent, disciplined, and industry-ready.

The Centre adopts the AWS SENSE curriculum and aims to produce highly skilled welding and fabrication professionals who meet international standards. It is expected to reduce reliance on foreign labour, enhance local content in major infrastructure projects, and create dignified, well-paying jobs for the country’s youth.

ASA Savings and Loans empowers customers through breast cancer awareness

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By Samuel SAM

The Tamale North Branch of the ASA Savings and Loans Limited, a microfinance institution with a commitment to women’s health and early intervention, has organised a health outreach programme and free breast cancer screening for customers .

The exercise, which was held in collaboration with the Breast Care Unit of Tamale Teaching Hospital and screened over 100 women, aimed at promoting early detection, education and free screenings, thereby prioritising the women’s health as part of its corporate social responsibility (CSR) initiatives in the Breast Cancer Awareness Month.

It was also aligned with the global “Pink October” campaigns, aimed at reducing late-stage diagnoses and support community well-being.

In October 2025, ASA launched a nationwide breast cancer screening and health outreach programmes across its 15 branches while collaborating with medical teams for screenings, education on self-examinations and lifestyle awareness.

Oncology Nurse Specialist Mad. Gifty Sarfo Annan expressed gratitude to the institution for the kind gesture, saying: “It has helped the women to know their health status and those affected to seek early medical care.

According to her, one out of eight women record the cancer without knowing while 20 percent of men also get infected; hence, the need for all to go for medical check-ups.

To ensure effective and efficient awareness, there is the need for corporate organisations to extend the awareness creation and the exercise to other communities, he said. She further educated women on warning signs like lumps, discharge, size changes and pain, urging early treatment while calling for support for affected victims and urging the public to desist from stigmatisation against persons with breast cancer.

Area Manager – Tamale North ASA Saving and Loans, Mr. Martin Yenuman-Weingam, noted that the outfit – observing that majority of their clients are women who depend on trading and October being the month of breast cancer – decided to organise free health screening for them.

He said the initiative is to build trust and strengthen community ties to address non-financial barriers that impact economic participation.

The health status of the clients are paramount and giving back to society has been the priority of management, thereby underscoring ASA’s sustainability strategy pillar on health; hence the initiative, he said.

“Breast cancer is the most common cancer among Ghanaian women, with over 4,400 cases reported annually per Ghana Health Service data; and ASA’s initiatives address barriers like low awareness and financial burdens of late-stage treatment”, he said.

According to him, the office has been providing loans with low interest to the customers to expand their businesses. “So far, over 1,300 women have benefitted from the facility to cushion their businesses and able to contribute to the family needs.

“As a financial institution, we are committed to promoting financial inclusion for clients, especially women entrepreneurs, to sustain and grow their businesses for economic growth,” he explained.

He stressed that the institution also integrates financial literacy training to its client interactions, teaching budgeting, savings and debt management to empower its clients to make informed financial decisions.

Youth-Led Climate Enterprises Showcase Innovative Solutions

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The In-Country YouthADAPT Challenge Demo Day – Ghana took place on Thursday, 16th and Friday, 17th October 2025, at the West Africa Centre for Crop Improvement (WACCI), University of Ghana, bringing together some of the country’s most promising young entrepreneurs driving climate adaptation and green innovation.

The event was co-organized by the Global Center on Adaptation (GCA) and the Kenya Climate Innovation Center (KCIC) under the African Adaptation Acceleration Program (AAAP), with the support of Ashesi University’s Ghana Climate Innovation Centre (GCIC).

The programme aimed to unlock climate finance, policy support, and technical assistance for youth-led enterprises developing climate adaptation solutions across Africa.

On Thursday, October 16, five Ghanaian businesses pitched their innovative ideas for a chance to receive a financial grant of up to USD 30,000. The enterprises included:

  • Influx Groundnuts, represented by Hamza Mabruka
  • Timoya Farms Ltd, represented by Moses Tiborgnan
  • Dorthnoch Limited, represented by Queenstar Nsakie
  • Food for All Africa Mobile Technologies Ltd, represented by Elijah Amoo Addo
  • Eorganics, represented by Theophilus Delali Dumenyo

Each entrepreneur presented their climate adaptation solution before a distinguished five-member jury, comprising:

  • Huzaifa Abdulai, General Manager, Spry
  • Gustav Nii Ayi Mokobi Aryee, Head, Commercial Banking – Fidelity Bank
  • Andrew Akoto, Manager, Corporate Social Investments – Injaro Investment Advisors Limited
  • Disraeli Asante-Darko, Head, Business Administration Department – Ashesi University
  • Zelda Barnes, Business Growth Strategist

Speaking at the event, Hon. Emelia Arthur, Minister for Fisheries and Aquaculture, stated “Youth-led enterprises can drive innovation in climate-smart aquaculture systems, such as recirculating aquaculture systems, integrated multi-tropic aquaculture, and solar-powered hatcheries.

I have no doubt that our young and vibrant entrepreneurs present here have worked tirelessly to develop viable solutions that will spearhead change in their communities and beyond.”

Gloria Gowal-Abiri, Programme Specialist (Youth, Jobs & Entrepreneurship) at the Global Center on Adaptation, emphasized the growing reach of the initiative noting, “Since its inception, this challenge has supported 41 youth-led enterprises across three cohorts in 20 countries.

We have two alumni in Ghana. We’ve supported these entrepreneurs with catalytic grant funding of $100,000. GCA has further refined the challenge into country additions as we aim to bring the impact closer to the ground and to unlock domestic private sector financing for adaptation. Through these country-level efforts, we aim to identify, support and scale enterprises, yielding resilience in critical sectors such as agriculture, water and infrastructure.”

Echoing this sentiment, Joseph Murabula, Chief Executive Officer of the Kenya Climate Innovation Center (KCIC), emphasized the value of partnerships in scaling adaptation solutions across Africa.“Our participation in the YouthADAPT Challenge aligns with KCIC’s Pan-African mission to nurture green innovators.

By working alongside local partners such as the Ghana Climate Innovation Centre, we are strengthening knowledge exchange and empowering youth to transform climate challenges into sustainable business opportunities.”

The second day of the event, held on Friday, October 17, featured a panel discussion moderated by Innohub, with representatives from GCA, KCIC and GCIC. The discussion underscored the importance of collaboration and ecosystem partnerships in accelerating the growth of climate adaptation enterprises. Panelists highlighted that shared learning, joint initiatives, and partnerships among institutions, investors, and innovators are critical for scaling impact and achieving climate resilience across Africa.

The In-Country YouthADAPT Challenge forms part of a broader effort under the African Adaptation Acceleration Program (AAAP) co-led Global Center on Adaptation (GCA) and the African Development Bank (AfDB) to accelerate climate adaptation actions across the continent while promoting youth empowerment and job creation.

Through this initiative, Ghana continues to position itself as a hub for climate-smart entrepreneurship, thereby nurturing the next generation of innovators building resilience in communities and industries most affected by climate change.

About the Global Center on Adaptation
The Global Center on Adaptation (GCA) is an international organization that promotes adaptation to the impacts of climate change. It works for climate-proof development by instigating policy reforms and influencing investments made by international financial institutions and the private sector.

About the Kenya Climate Innovation Center (KCIC)
The Kenya Climate Innovation Center (KCIC) is a leading organization in Africa providing incubation, capacity building, and financing to enterprises and entrepreneurs in the green economy. With a new Pan-African mandate, KCIC is dedicated to catalyzing climate entrepreneurship across the continent to build sustainable enterprises and resilient communities.

SMT donates furniture and souvenirs to Huni-Ano M/A Basic School

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SMT Ghana, a premium distributor and aftersales partner for Volvo Construction Equipment, Volvo Trucks, and other renowned brands, has once again demonstrated its commitment to supporting education and community welfare.

The company has donated teachers’ and school desks, chairs, school vests, and souvenirs to the Huni-Ano M/A Basic school located in the Prestea-Huni Valley District of the Western Region of Ghana.

The donation forms part of SMT Ghana’s ongoing Corporate Social Responsibility (CSR) initiatives, aimed at improving education and promoting road safety among children in communities where the company operates.

Speaking at the presentation ceremony, Mr. Amaury Lescaux, Managing Director of SMT Ghana, emphasized the company’s dedication to giving back to society. “At SMT Ghana, we believe our responsibility extends beyond providing quality equipment. We are deeply committed to supporting education and promoting road safety, which are key pillars of our Corporate Social Responsibility (CSR) activities. Our core values ’Caring, Daring, and Sharing’ continue to guide our contributions to communities like Tarkwa,” he stated.

In addition to providing desks and chairs for the teachers, SMT Ghana also introduced the “Stop, Look, Wave” road safety program, a Volvo Trucks initiative designed to teach children how to stay safe on the road, especially around heavy-duty vehicles.

Mr. Jasper Agbakpe, Training Manager at SMT Ghana and a certified Volvo trainer, led the session with practical demonstrations on how pupils can safely cross roads. He highlighted the importance of vigilance and awareness when walking near trucks and busy highways.

Expressing his gratitude, Mr. Benjamin Mensah, Headmaster of Huni-Ano M/A Basic School, described the gesture as a “dream come true.” “We have been praying for support like this for a long time. This donation goes beyond desks and chairs. It represents an investment in the education and well-being of our pupils,” he said.

The event concluded with the presentation of reflective vests to the school to assist pupils when crossing the major highway near the school premises, further reinforcing the focus on child safety.

Mrs. Hilda Peasah, Marketing and Communications Director of SMT Ghana inspired the kids to take their studies seriously and inculcate the road safety initiative ‘Stop, look, wave’ as a daily habit to stay safe whiles getting the best of education. SMT Ghana, she re-echoed will prioritize in investing adequately in its customers and the larger society through its CSR programs aside the provision of quality sales and aftersales service.

Through initiatives like these, SMT Ghana continues to make a meaningful impact by blending corporate responsibility with community development, ensuring that its success in business also translates into social progress.

The neocolonial chains: How western-educated elite are bringing our nation to its knees

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By Ben  BRAKO

The story of the Republic of Ghana, once the vanguard of African liberation, is fast becoming a tragic epic of national betrayal. It is a nation not merely grappling with developmental challenges, but one deliberately choked by an insidious internal malaise.

This crisis is not fueled by external adversaries; it is driven by the very individuals entrusted with its future: a Western-educated elite who have perfected the role of the comprador class, willingly perpetuating a toxic form of neocolonialism for personal profit and validation.

These ‘Uncle Toms’—educated in the institutions of their former masters—are not merely indifferent; they are active conspirators. In a chilling demonstration of moral abdication, this class is partying whilst the country burns, deliberately ensuring Ghana’s sovereignty remains a cruel illusion, serving only external powers and their own vested interests.

Yet, for every collaborator, there is a resister—the likes of Dr. Kwame Nkrumah and other Pan-Africanists who understood that true freedom demands a complete break from colonial structures. Their failure to institutionalize this vision, however, is the tragedy we now inherit.

The illegitimate foundation: sidelining traditional authority

The root of Ghana’s systemic rot is found in the very moment of its supposed emancipation. When the British colonial power ceded control, they executed a calculated, fatal institutional maneuver. They did not restore authority to the traditional chieftaincy—the authentic, historical custodian of the land from whom power was seized—but instead imposed their own creation: the Westminster-style parliamentary governance.

This transfer was a masterful act of continued control. The 1957 Constitution established a system where political power flowed from the colonial model, fundamentally sidelining the inherent and long-standing legitimacy of indigenous rule. Power was handed to a carefully selected cadre of Ghanaians, the nascent elite, who had been systematically trained in the colonial master’s image.

They were masters of British law, fluent in the Queen’s English, and adept at operating the bureaucratic machinery of empire, yet fundamentally disconnected from the indigenous systems of accountability and communal governance that defined the Ghanaian identity. They were given the keys to a nation they understood only through a foreign, neocolonial lens.

The independent Ghanaian state, therefore, was built on an illegitimate foundation. It created a political class immediately prone to carrying on the mechanics of neocolonialism as if there were no tomorrow, ensuring a permanent chasm between the rulers—who only respect external models—and the ruled, who desperately cling to a disregarded heritage.

Reimagining the curriculum: from colonial subjects to African citizens

Nowhere is the cultural and developmental betrayal more visible than in the educational and training system. The nation’s elite have steered education not towards national empowerment, but towards personal validation and social capture. The focus is obsessively centered on high-sounding professions—Law, Medicine, Engineering, Doctorates—prizing white-collar status over the foundational, practical skills required to build an independent, industrialized nation.

This vainglorious pursuit of elitist capture often descends into the truly comic and crass. Consider the spectacle at Achimota, a premier secondary school, where administrators recently refused to admit qualified Ghanaian students based on their traditional hairstyles, effectively using a colonial-era aesthetic rule as a tool of social exclusion.

This stunning display of cultural self-loathing upholds the colonial social code, prioritizing European notions of decorum over both academic merit and African heritage, all while completely neglecting traditional education and indigenous knowledge. They are so focused on mimicking the mannerisms of the West that they actively fight the very culture they are meant to lead.

The consequences of this misdirected investment are catastrophic:

The Brain Drain Tragedy: The government spends colossal sums training these highly specialized professionals, yet fails to invest in the domestic facilities required to employ them. The result is a debilitating brain drain, where the most skilled Ghanaian graduates are forced to emigrate. According to some reports, as recently as 2002, Ghana had 1,294 doctors practicing domestically but 1,639 Ghanaian doctors practicing abroad—meaning the nation was training more doctors for the West than for its own hospitals. Thus, European and American institutions are the true beneficiaries of Ghana’s massive financial investment in education, inheriting perfectly trained talent at zero cost.

A Constructive Alternative: To reverse this, the focus must shift immediately to strengthening vocational training and indigenous curricula—prizing artisans, software developers, master builders, and agricultural scientists who solve local problems. Education must serve national survival before it serves elite status.

The crime scene state: triumphant impunity of corruption

The governance system is utterly poisoned by corruption, transforming the political landscape into a moral desert. The scale of the graft is so immense that it is financially crippling the state; the amounts these officials steal often exceed what the country borrows, making theft, not development, the state’s primary financial operation.

Political power is no longer a trust but an investment scheme. The governance system of party politics operates like rival gangs of thieves, where political power is bought, and office appointments—even to top and sensitive positions—are given as rewards for loyalty and finance rather than competence and ability.

The normalization of this criminal enterprise is perhaps the most dangerous sign of national decay. The infamous Woyome judgment debt scandal, where a businessman was paid approximately $30 million USD of public funds under questionable circumstances, exemplifies the brazen impunity of this system. In the face of accusations that administrations have stolen upward of $21 billion USD, the alleged culprits are still holding lavish parties, driving luxury cars, and enjoying the high life, completely unbothered by the struggling populace.

Faith and Survival: Aligning Spiritual Investments with Human Needs

The ultimate, symbolic indictment of the elite’s warped vision is the grotesque misallocation of national resources. When a nation struggles to provide basic healthcare for its citizens, the decisions of its leaders become matters of life and death.

The failure to invest in life-saving infrastructure is indefensible. The tragic deaths of a sitting president, a vice president, and a first lady—all due to the lack of normal emergency health facilities and specialists—are damning evidence of the elite’s negligence.

Yet, amidst this humanitarian crisis, the nation witnessed a staggering act of egoistic misdirection: an ex-President spent over $30 million USD on the foundation of a cathedral. This immense sum was devoted to a monument of vanity and legacy, while countless communities across the country lack even ordinary health posts, clean water, and functional schools. This act confirms the elite’s priority: they value their own spiritual or political legacy, built in stone and glory, far above the actual, tangible survival of the people they swore to serve.

The Verdict: A Call for Sovereign Accountability

The malaise in Ghana is not an economic or a political problem in isolation; it is a crisis of conscience. It is the result of an elite class that has deliberately chosen cultural abdication and institutional decay over authentic national leadership. They have embraced the role of the “Uncle Tom,” dutifully maintaining the neocolonial structures that keep the nation dependent while they gorge themselves on the spoils of office.

The solution demands more than electoral cycles; it requires structural redesign. Ghana must:

Redesign Governance: Implement robust, non-partisan accountability mechanisms that actively prosecute corruption, regardless of party affiliation.

Restore Trust in Tradition: Develop a system that integrates the local legitimacy and accountability of the traditional chieftaincy into localized governance, moving beyond the imposed Westminster model.

Prioritize Production: Redirect all national training towards vocational, technical, and applied sciences to ensure national self-sufficiency in manufacturing, agriculture, and infrastructure.

The chains are no longer forged in London; they are forged in the halls of Accra by a ruling class that willingly locks the door behind them, suffocating the light of the Black Star in self-imposed darkness.

Ghana, Switzerland launch US$200m clean energy drive, to cut power costs and expand solar access

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The national transition to affordable and sustainable power has received a major boost with the launch of a US$200 million National Clean Energy Programme (NCEP) that seeks to accelerate the installation of rooftop solar systems across the country.

The initiative, developed in partnership with the Government of Switzerland and implemented under Article 6 of the Paris Agreement, will support households, small businesses, and industries to adopt renewable energy, reduce dependence on the national grid, and lower electricity costs.

Under the programme, 4,000 rooftop solar photovoltaic (PV) systems, totalling 137 megawatts (MW) of clean energy capacity, will be developed nationwide. It will also deliver verified emission reductions while improving livelihoods, enhancing energy security, and stimulating local innovation in clean energy technologies.

At the launch in Accra, John Abdulai Jinapor, Minister for Energy and Green Transition, said the initiative was designed to make solar energy more accessible and affordable, especially for small businesses and middle-income households struggling with high electricity bills.

“This programme is a practical demonstration of our commitment to an inclusive energy transition. It will empower citizens to generate their own power, reduce costs, and contribute to a cleaner environment,” he said.

He added that the Ministry was updating the Renewable Energy Master Plan to guide investments between 2026 and 2030, and had established a Renewable Energy Investment and Green Transition Fund to attract private capital into the solar and off-grid sectors.

Felix Addo-Okyeireh, Deputy Executive Director of the Environmental Protection Agency (EPA), described the NCEP as a tangible outcome of Ghana’s commitment to leverage international carbon markets for sustainable development.

He said the programme would ensure measurable and credible emission reductions while helping Ghana achieve its Nationally Determined Contributions (NDCs) under the Paris Agreement.

Simone Giger, Swiss Ambassador to Ghana, Benin, and Togo, said the programme illustrated how international cooperation could turn ambition into action.

“Ghana is climbing the right tree, the tree of clean and sustainable energy,  and Switzerland is proud to lend its support through partnership, investment, and shared expertise,” she said.

She noted that although Ghana has achieved close to 90 per cent electricity access, about 64 per cent of generation still depends on fossil fuels, highlighting the urgency of transitioning to renewable energy to shield the economy from fuel price volatility and supply disruptions.

The NCEP marks Ghana’s first rooftop solar PV initiative under Article 6 and the second of its kind globally, reinforcing the country’s leadership in clean energy transformation and carbon market innovation in Africa.

New global report calls for evidence-based literacy instruction to tackle learning crisis

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A new global report has called for urgent, evidence-based interventions to address the growing literacy crisis among children, particularly in low- and middle-income countries (LMICs), where an estimated 70 percent of pupils are unable to read and understand simple text.

The paper, titled “Effective Reading Instruction in Low- and Middle-Income Countries: What the Evidence Shows,” was launched at the ADEA Triennale in Accra, Ghana. Drawing on more than 120 studies—50 of which were conducted in African countries—the report identifies the essential skills that children must acquire, and that teachers must be trained to teach, in order to build strong literacy foundations.

Endorsed by the Global Education Evidence Advisory Panel (GEEAP)—co-hosted by the UK’s Foreign, Commonwealth & Development Office (FCDO), UNICEF and the World Bank—the report highlights the widening gap between schooling and learning outcomes. It notes that in Sub-Saharan Africa, the learning poverty rate stands at 89 percent, with the majority of pupils unable to identify basic letter sounds or read simple words even after three years of schooling.

“Too many children are in school but not yet learning to read,” said Pia Rebello Britto, UNICEF’s Global Director for Education and Adolescent Development. “This report underscores how literacy lies at the heart of every child’s learning journey. Investing in the early years is critical if we are to transform Africa’s education systems and deliver on the continent’s commitments to children.”

The study underscores that literacy acquisition depends on two main competencies: decoding—the ability to connect letters to their sounds—and language comprehension, which involves understanding the meaning of words and sentences. It further outlines six key sub-skills that underpin reading proficiency: oral language development, phonological awareness, systematic phonics instruction, reading fluency, comprehension strategies, and writing.

According to Nompumelelo Mohohlwane, co-author of the report and Deputy Director at South Africa’s Department of Basic Education, “Children do not learn to read naturally; they must be explicitly taught. Identifying the specific skills required across languages, including African languages, is a major contribution to improving literacy instruction.”

Luis Benveniste, World Bank Global Director for Education and Skills, added: “Literacy is the cornerstone of education, employability and lifelong learning. When children master reading early, they achieve better learning outcomes and are better prepared for the demands of the modern job market.”

The report urges policymakers to make national commitments to evidence-based literacy instruction, select appropriate languages of instruction, and ensure that teaching is explicit, systematic and adapted to local contexts. It also calls for sustained investment in teacher training, structured materials, and professional development.

“These approaches offer policymakers a practical, evidence-informed roadmap for improving reading outcomes,” said Nathanael Bevan, Deputy Director of Research at the FCDO. “They can be adapted to local languages, cultures and educational goals.”

A follow-up “how-to” guide, along with translated versions of the report in Spanish, French, Arabic and Hindi, will be released in November to support implementation at the national and regional levels.

Housing :Building smarter, living greener: The future of real estate

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The global real estate landscape is evolving rapidly, and Ghana is no exception. As the nation struggles with urban expansion, housing shortages, and environmental threats, a new wave of innovation is emerging, fuelled by smart technology and sustainable development.

This edition’s theme, “Building Smarter, Living Greener”, reflects a bold vision for the future: one where innovation and sustainability go together to reshape how Ghanaians build, buy, and live.

Ghana’s cities, especially Accra, Kumasi, and Takoradi, are experiencing rapid urbanization. With this surge comes a demand for housing that is not only affordable but also efficient, resilient, and intelligent. Conventional housing models no longer suffice in a world where climate change, energy costs, and technological disruptions dominate the conversation.

Smart housing: homes equipped with technology to optimize energy use, improve security, and enhance quality of life. From smart lighting and remote-controlled appliances to water conservation systems and solar-powered electricity, these features are no longer luxuries; they are necessities in modern urban living.

Sustainability is no longer a buzzword. It’s a requirement. As Ghana continues to feel the effects of climate change, rising temperatures, water scarcity, and environmental degradation, the real estate sector must lead the way in adopting eco-friendly practices.

Sustainable construction means using materials that reduce environmental impact. It means prioritizing energy-efficient designs, promoting natural ventilation, harvesting rainwater, and installing solar panels. But it also goes deeper, into how we plan our communities, use land, and connect buildings with nature through green spaces and landscaping.

Prop Tech (Property Technology) is revolutionizing how properties are built, sold, and managed. From virtual property tours and AI-driven property matching to smart construction tools and digital mortgage processing, Ghana is witnessing a gradual but steady rise in tech-enabled real estate.

Developers are increasingly integrating Internet of Things (IoT) devices, building management systems, and remote monitoring solutions into their projects. These not only reduce long-term operational costs but also offer residents unmatched convenience and security.

Ghana faces unique challenges: complex land acquisition processes, expensive imported materials, limited access to mortgage financing, and regulatory bottlenecks. However, these hurdles are also propelling innovation. Developers are experimenting with recycled materials, compressed earth blocks, modular homes, and alternative financing models like co-investment and rent-to-own schemes.

Several pioneering projects are already setting the pace. Eco-conscious residential communities are popping up on the outskirts of Accra. Young startups are piloting green tech in underserved areas. The Ministry of Works and Housing has begun promoting energy codes for buildings, signalling a policy shift in Favor of sustainable construction.

The future of real estate in Ghana depends not just on developers or policymakers; it requires a coalition of stake holders: architects, engineers, environmentalists, financiers, and homebuyers. It’s about rethinking the housing value chain from concept to construction, from financing to furnishing. Educating the public on the benefits of smart and green homes, creating accessible financing structures for sustainable buildings, and incentivizing innovation must become national priorities.

As Housing in Ghana Magazine continues to spotlight thought leaders and groundbreaking developments, this edition sets the tone for a new era, one where Ghana positions itself as a leader in smart, sustainable housing on the African continent. By building smarter and living greener, we’re not only creating better homes, but we’re also securing a better future.

Source: Housing In Ghana Magazine

Housing in Ghana magazine is a publication under the Housing in Ghana Foundation, an organization that is committed to promoting and facilitating access to quality housing solutions across Ghana. The bi-annual magazine publication serves as a comprehensive guide for individuals, families investors as well as other key industry players seeking information on real estate trends and news, property listings and investment opportunities within the country. Email: [email protected] 0555444665 | 0599663344

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