The power and advantages of education cannot be underestimated. Through education people get employed, become responsible, gain experience, are empowered, make better friends, learn a lot, manage time properly, become disciplined, acquire better social and organisational skills, and have deeper perspectives. Above all, education reduces inequality. Unfortunately, there are many places in the world where access to even the most basic education is severely limited even in the face of increasing access
Airtel Africa and Kenya Airways have teamed up to drive a broader Corporate Social Responsibility (CSR) programme in Africa. The collaboration will allow the two companies to drive a common CSR agenda that brings positive transformation to people on the continent. The three-year partnership is also expected to help Airtel and Kenya Airways implement key areas of their CSR agenda aimed at overcoming contemporary socio-economic challenges in Africa. The areas of synergy focus on education and the
GDS Africa, an IT company that works with corporations to align their ICT policies with their business objectives, has said it is committed to doing business in the country despite the current economic challenges. Speaking at a recent Meet-the-Client event in partnership with HP, a specialised partner, in Accra, GDS’s General Manager Horace Saizonou said it is important that the company will always stand by its clients. “Our commitment to continue investing and perfecting ourselves to serve
The domestic cost of borrowing by government has now reached a five-year record, as more debt is issued to finance the deficit and mop-up liquidity to rein-in inflation, B&FT’s analysis has shown. Since the beginning of August, the government has been paying 25 percent per annum on 91-day debt, which is equivalent to 25 pesewas on every cedi borrowed. That rate of interest is the highest since the third quarter of 2009, when three-month borrowing costs peaked at almost 26 percent. At the start
The Bank of Ghana has warned that microfinance companies that offer “unsustainable interest†on depositors’ funds could force the regulator to legislate the interest rate regime in the sector. The central bank noted that attempts by some microfinance companies to attract depositors’ funds through high interest pricing might put the entire industry at risk, and said it will not hesitate to sanction and tighten regulation in the sector. Raymond Amanfu, BoG’s Head of Other Financial Institutions
By this time I am sure you have obtained for yourself a personal bottle of hand sanitiser? You should for one reason -- Ebola! This current outbreak seems to be defying all efforts to control it. While West Africa, and indeed the whole of Africa, is struggling to come to terms with the highly contagious disease, tourism stands as the first casualty in the line of industries affected. The potential effect of the Ebola Virus disease on the already soft Ghanaian economy could be severe. It is in view
Companies in the mobile money business are in an anticipatory mood for the implementation of a new Bank of Ghana regulation on mobile payment systems, which they contend will help to boost payment transactions using the mobile phone. The Bank of Ghana, which some time ago embarked on a campaign to drive the economy toward reducing the use of cash in transactions, is set to change its regulatory framework on branchless banking to promote financial inclusion of the unbanked population through retail
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