Parliament has approved US$ 1.3 billion loan facility from a consortium of banks and financial institutions to finance the purchase of cocoa for the 2020/21 crop season by the Ghana Cocoa Board (Cocobod). The loan would be used to purchase an estimated 900,000 metric tonnes of cocoa beans from farmers through theLicensed Buying Companies (LBCs) […] The post Parliament
The Greater Accra Regional Youth Network has called on the government to give greater attention to youth development issues particularly youth unemployment which has worsened with the outbreak of COVID-19. The Group said the government should “prioritize and invest massively in developing the youth by instilling in them employable Information Technology (IT) skills to ease […] The post ‘Prioritize
The United States Government, through the U.S. Agency for International Development (USAID), and the Global Shea Alliance (GSA) launched the Action for Shea Parklands (ASP) initiative. Spearheaded by GSA, this initiative seeks to promote, plant, and protect the shea parklands while advancing a shea industry commitment to plant ten million trees across West Africa over […] The post Promote,
The Ecobank Group and the African Union Development Agency (AUDA-NEPAD), under its 100,000 MSMEs by 2021 (100K MSMEs), have launched the MSME Academy to provide easy access to practical training and resources on financing opportunities in various countries; how to build a digital presence for businesses; and how to adapt business operations in the era […] The post Ecobank Group,
Innovation is the engine that drives contemporary economies. Living standards are determined by productivity growth, which in turn depends on the introduction and dissemination of new technologies that allow an ever-wider variety of goods and services to be produced with fewer and fewer of our planet’s resources. Policymakers and the public at large understand the […] The post Dani
The story is told of William Horman, a school principal at the Eton School in London, who released a book titled ‘Vulgaria’ – Latin for ‘everyday adages’ or ‘common sayings’. In this masterpiece he captured the phrase ‘Manners maketh man’, which among others speaks to the subject of politeness and civility. As some would have […] The post Samuel
“Every man’s character is good in his own eyes.” – Yoruba proverb Collectively, we always invoke God to “Bless our homeland, Ghana”. The supplication is for our good. It is a deep-seated desire for truth and justice for ourselves; and then the good of the public interest. But in our day to day interactions, many […] The post The Attitude Lounge by Kodwo
The COVID-19 pandemic is a blow to an already fragile global economic outlook. The health crisis, sharp downturn in activity, and turmoil in global financial markets caught emerging market and developing economies at a bad moment. The past decade has seen the largest, fastest, and most broad-based increase in debt in these economies in the […] The post Caught
A microfinance company based in the Western Region, Boin Microfinance Limited, has cited the Receiver, Eric Nana Nipah, for abuse of power and disregard for the law as the company’s assets are being confiscated despite court order stopping it from doing so. According to management of the company, the Accra Human Rights Court has issued […] The post Boin Microfinance unhappy
Innovation is the engine that drives contemporary economies. Living standards are determined by productivity growth, which in turn depends on the introduction and dissemination of new technologies that allow an ever-wider variety of goods and services to be produced with fewer and fewer of our planet’s resources. Policymakers and the public at large understand the […] The post Democratizing innovation
The COVID-19 pandemic has sparked several changes in the way we live, work and do business. The crisis has accelerated digitisation plans in several organisations. This is an opportunity for leaders to accelerate the organisational transformation needed to thrive in a rapidly changing world. At TEMPLE Advisory, we have always shared the belief that the […] The post Accelerate:
As various countries contend with a second wave of COVID-19 outbreaks, many emerging markets are pinning their hopes on a vaccine that will allow them to confidently reopen their economies without the fear of health services being overwhelmed. With 20m people infected globally and 735,000 virus-related deaths as of August 10, it is becoming increasingly clear that […] The post Race
The United States, Brazil, and India have surged ahead of the rest of the world in terms of the number of confirmed COVID-19 cases, with no peak in sight. They (and fourth-place Russia) have one thing in common: macho leaders with authoritarian personalities. There are notable differences in how these countries have responded to the […] The post Male leadership malpractice appeared first
We were recently told by the Energy Minister, John Peter Amewu, that the 3% levy charged all consumers of electricity for street lighting generated GH¢273.9million for the years 2018 and 2019. And out of that amount, the minister stated, GH¢134,266,116 was collected in 2018 and GH¢139,610,716 the following year. Per the Energy Sector Levies (Amendment) […] The post Editorial
Ghana’s installed power capacity is about 4,399MW, of which 22.5WM is renewable energy against a demand of about 2,700MW. Initially, the country intended to develop and utilise renewable energy and energy-efficiency technologies to achieve a 10% penetration of national electricity production by 2020. By the end of 2017, the strategy was revisited to find that […] The post Editorial
The Ghana Standards Authority (GSA) has trained agriculture extension officers in the Central Region on the dangers and management of aflatoxins – natural poisons produced by the fungus Aspergillus flavus and several other related species in food items. The exercise dubbed, trainer of trainers, saw 50 agriculture extension officers benefit from training on aflatoxins management in food […] The post GSA
A newly introduced Pro-Vitamin ‘A’ orange maize variety that can help boost the immune system of its consumers has been introduced onto the market. Dr. Manfred B. Ewool, a Senior Research Scientist and Maize Breeder at the Council for Scientific Industrial Research (CSIR), Crops Research Institute (CRI) in an interview with the Ghana News Agency […] The post CSIR
In a conversation with IMF Country Focus, Rwanda’s Minister of State in Charge of National Treasury Richard Tusabe explains how his government is leveraging technology and grass-roots networks to fight the spread of COVID-19 and ensure financial support for households and businesses. What has been the impact of COVID-19 on the country and what sectors […] The post Rwanda
As a domestic worker, Amsale Hailemariam knew from the inside out the luxury villas that had grown up around her simple shelter of raw metal and plastic sheeting. And in them, she saw how her country, Ethiopia, had transformed. The single mother told herself, “Oh God, a day will come when my life will be […] The post Extreme poverty rises and a generation sees
Banks are financial intermediaries that receive deposits from surplus spending units and channel these in a form of loans to finance deficit spending in an economy. The banking activities started in the then Gold Coast during the colonial era with the goal of providing financial services to the British enterprises and the colonial administration. However, […] The post What is next for
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