Sunday, March 1

Business

Governor warns of cyber threats, urges investment in security 
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Business

Governor warns of cyber threats, urges investment in security 

Dr. Ernest Addison, Governor of the Bank of Ghana, has warned financial institutions in the country regarding the growing threat of cyberattacks.  He said the use of digital platforms for banking transactions presented both opportunities and some threats.  The Governor was speaking at the Chartered Institute of Bankers, Ghana's (CIB) Governors Day event in Accra.  The CIB Governors Day event was on the theme: "Resilience in the Financial System: Navigating Horizon Risks.”   The event also saw the investiture of three honorary members, who have made significant contributions to the industry.  The Governor cited the recent cyberattack on the Central Bank of Uganda, which resulted in a loss of $16.8 million, as a stark reminder of the potential conseque...
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Ghana’s indigenous agribusiness faces challenges impacting economic growth – Dr. Azinu
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Ghana’s indigenous agribusiness faces challenges impacting economic growth – Dr. Azinu

Dr. Amos Rutherford Azinu, Seed Business Executive at the Legacy Crop Improvement Centre (LCIC), has highlighted critical challenges facing Ghana's agricultural sector that threaten economic growth. He called for a comprehensive approach to agribusiness transformation and the establishment of large-scale indigenous agribusiness companies to address market gaps and boost economic growth, thereby enhancing job creation in the agricultural sector. In an interview with the Ghana News Agency, Dr. Azinu emphasized the urgent need for the establishment of large-scale indigenous agribusiness companies to bridge existing gaps in the market. “Ghana's agricultural sector currently operates well below its potential, primarily due to its focus on raw material exports rather than processed prod...
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Stanford Seed Transformation Network reaffirms commitment to economic growth, Job Creation
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Stanford Seed Transformation Network reaffirms commitment to economic growth, Job Creation

Mr. Prince Koblah Arkutu, the newly elected President of the Stanford Seed Transformation Network (SSTN) Ghana Chapter, has reaffirmed the Network's commitment to driving economic growth.   He said the Network would foster innovation,and create sustainable opportunities for Ghanaians.    The President was speaking at the SSTN Ghana Chapter's Annual Dinner in Accra and announcement of new executives.   The Network new executives for the 2025-2026 term are: Mr. William Halm; Vice President and Mrs. Esther Kesewa Ayisi Aywireng; Secretary.   Other Executive Members are Mrs. Hanetta Hayford, Mr. Elloeny Amande, and Mr. Godwin Doagbodzi, Coby Asmah, Mrs. Doris Ankama Asamoah, Harry Baskmaty, Senyo Atiase, Theresa Ayoade, Emmanuel Ntim, Nana Yaw Asante, Shaibu Ali and ...
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Derma Area Rural Bank holds AGM.
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Derma Area Rural Bank holds AGM.

The Derma Area Rural Bank(DARB) in the Ahafo Region, has held its 37th Annual General Meeting (AGM), with a call on shareholders and prospective ones, to increase their share purchases. Mr Gabriel Essandoh, Chief Executive Officer (CEO) of the bank, who made the call in an interview with the Ghana News Agency (GNA) explained that adequate share capital was vital for the growth, viability and sustainability of any serious financial institution. He, therefore, urged the public to support the bank in this regard. Mr. Martin Awisi, Head of Audit, said the DARB was committed to best practices and due diligence in all its operations. He indicated that the bank was safe and secure to do business with, and thus, urged all and ...
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Fidelity Bank’s Chief Risk Officer urges banks to stay abreast of digital innovations
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Fidelity Bank’s Chief Risk Officer urges banks to stay abreast of digital innovations

 Dr. David Animante, Chief Risk Officer at Fidelity Bank Ghana, has urged banks to keep pace with “digital disruptions” led by financial technology (Fintech) and telecommunications companies.  Speaking at the 28th National Banking and Ethics Conference, he said traditional model of banking was being replaced with digital wallets, QR codes, and point-of-sale systems, therefore, financial institutions should catch up with the trend. He, however, cautioned against cybersecurity risks associated with digital innovations, and emphasised the essence of mitigating such risks. The forum was organised by the Chartered Institute of Bankers Ghana on the theme: “Navigating Horizon Risks: Strategies for Financial I...
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SSNIT takes SEED to Spintex residents
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SSNIT takes SEED to Spintex residents

Staff of the Social Security and National Insurance Trust (SSNIT) took to the streets of Spintex, a suburb of Accra, to encourage self-employed individuals and informal sector workers to register for the pension scheme. The initiative forms part of the Self-Employed Enrolment Drive (SEED), launched in May of the previous year to enhance social security protection for informal workers. Since its inception, the number of self-employed subscribers has surged from 13,000 to 120,000. In an interview, Mr. Kofi Osafo-Maafo, Director General of SSNIT, emphasized the increasing significance of the informal sector, noting that it was becoming a vital and expanding component of the SSNIT operations. “We are going to seek continuous growth in the informal sector enrolment. And if you look ...
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Election 2024 PCs in Jaman North commit to improve price of cashew 
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Election 2024 PCs in Jaman North commit to improve price of cashew 

The various Parliamentary Candidates (PCs) contesting in Election 2024 in the Jaman North Constituency of the Bono Region have affirmed their commitment to improving the price of cashew if they win the parliamentary seat on December 7.  The PCs gave the commitment when they took turns to highlight their visions for the electorate at a parliamentary debate organised by the Jaman North District Director of the National Commision for Civic Commission (NCCE) at Sampa, a cashew producing town in the constituency.  They include Frederick Yaw Ahenkwah of the National Democratic Congress (NDC), also the incumbent MP for the area, Mr Martin Kwame Antwi, candidate for the New Force Movement.  Mr Enoch Nyarko, PC for the New Patriotic Party (NPP) was absent at the debate which provided an opportunity...
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GRA Exceeds Its Revenue Target For The First Three Quarters Of The Year – Board Chairman Reveals
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GRA Exceeds Its Revenue Target For The First Three Quarters Of The Year – Board Chairman Reveals

Board Chairman of the Ghana Revenue Authority (GRA), Mr Joe Ghartey says the Authority has exceeded its revenue target for the first three quarters of this year. According to him, the success is ‘historic’, emphasizing that despite an election year the Authority has ensured effective revenue collection. Mr Ghartey, delivering a speech at the launch of the Citizen App in Accra recently, acknowledged all GRA workers and urged them to do more for the country. “We have exceeded the target for the third quarter and also exceeded the target for the first three quarters of the year. That performance is a 38.6 % growth over the same period in 2003”. https://youtu.be/D4P9KHvFiig?si=OsIBHEMgtujc_4d8 “I congratulate every single person who made this possible.” He told dignitaries inc...
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