Mastercard, UNICAF offer cardholders 75% scholarships for internationally recognized degrees – Citi Business News
Unicaf, the leading online and on-campus learning platform, has entered into a two- year partnership with Mastercard to offer its premium cardholders 75% scholarships for online and on-campus studies at Unicaf's partner universities. A statement issued by Unicaf stated that starting, first quarter of 2021, Mastercard Gold, Platinum, World and World Elite cardholders across 12 countries in Africa, will be able to select from a wide range of high-quality degree programs offered by Unicaf's partners and only pay 25% of the total fees in flexible manageable monthly instalments over the period of the program. Mastercard cardholders an international perspective and valuable insights into European, Asian and American professional practices.
World Bank appoints Senegal's Makhtar Diop as Managing Director of IFC – Citi Business News
World Bank Group President David Malpass has announced the appointment of Makhtar Diop as Managing Director and Executive Vice President to head the International Finance Corporation, an arm of the World Bank Group that advances economic development and improves the lives of people by encouraging growth of the private sector in developing countries. Diop served twice as a World Bank Country Director - for Brazil and for Kenya, Eritrea, and Somalia. He served as the World Bank Director for Finance, Private Sector & Infrastructure in the Latin America and Caribbean region.
WTO Director General outlines plans to rejuvenate global trade – Citi Business News
The newly appointed Director General of the World Trade Organization, Ngozi Okonjo-Iweala, has pledged to among other things, facilitate the lifting of export restrictions among member countries to enable easier movement of goods during this COVID-19 period. Global trade recorded a 5% drop in the third quarter of 2020 compared with the same period last year, according to the United Nations Conference on Trade and Development's new Global Trade Update published in October last year. The newly appointed Director General of the World Trade Organization, Ngozi Okonjo-Iweala, believes there should be temporal rules that can ease the prohibitions on imports and exports among countries in this COVID-19 era.
WTO Appoints Nigeria's Ngozi Okonjo-Iweala as First Female Leader – Citi Business News
Ngozi Okonjo-Iweala has been appointed the new chief of the World Trade Organization. Born in Nigeria, Okonjo-Iweala graduated from Harvard University in 1976 and then earned a PhD from MIT. She then became the first woman to take on the Nigerian finance ministry and the foreign ministry too. Her vision for the WTO. The WTO is at a crossroads after many countries seemed to take a step back from long-standing norms governing international trade.
Ghana-UK finalize negotiations on new interim Trade Partnership Agreement – Citi Business News
Ghana and the UK have successfully completed negotiations on the new interim Trade Partnership Agreement between the two countries. The new agreement will take effect immediately both countries finalize on their internal procedures to accommodate the concessions. As part of the new agreement, Ghana will get duty-free and quota-free access to the UK market while UK exporters to the Ghanaian market get preferential tariff reductions.
Go City Cycle Share & Tour promotes bike-sharing culture in Ghana – Citi Business News
In Ghana, local communities in the Northern and Savannah regions where temperatures have been fast-rising, are already feeling the devastating impact of climate change. While Ghana has a long way to go in its fight against global warming, the founder of Go City Cycle Share & Tour, Mark Boadi is leading the charge with his bike-sharing activities. Mark took his sustainable mobility advocacy a step further by creating a community of people who cared not only about the environment but also interested in immersing themselves in the local culture.
Customs officers urged to tighten processes to prevent trade malpractices, money laundering
He said Customs officers needed to be abreast with the current trends in the industrial production space to stay efficient in the classification and valuation of all imports. The Commissioner said the World Customs Organisation, as well as the World Trade Organisation, expect Customs Officer to prefer non-intrusive methods of examination of imports and exports materials that move across Ghana's ports of entry.
Deputy Minister-designate lauds PRMA for transparency in petroleum sector
Dr Amin Adam made the disclosure when he appeared before the Appointment Committee of Parliament for vetting for the position of Deputy Minister. Dr Adam said the country needed to consider a review of the law on how to treat unspent balances on the ABFA. Dr Amin Adam also disclosed that the Ministry of Energy was considering a merger of the Petroleum Commission and the Energy Commission.
GSS begins training for 2021 Population and Housing Census national trainers – Citi Business News
The final phase of training of National Trainers for the 2021 Population and Housing Census commences today, Thursday 8th April 2021. National Trainers are crucial to the success of the 2021 PHC training strategy which aims for quality standardised training at all levels and in the selected training centres. The National Trainers will train the Regional Trainers who are also responsible for training the approximately 75,000 Field Officers ahead of the data collection for the Census.
Techgulf organises forum on pushing Ghana's digital economy – Citi Business News
In a world where technology seems to be permeating every facet of life, stakeholders in Ghana are intensifying collaborative efforts to push the government's vision of transforming Ghana into a leading digital hub in Africa and beyond. It is for this reason that Techgulf Ghana Limited is organizing a two-day digital forum to engage in dialogues focused on fast-tracking the growth of the country's digital agenda across various sectors of the economy. The Techgulf Digital Forum has brought together resource persons, legislators, and seasoned business executives from Ghana and the United States of America to have discussions on issues related to building business relationships and partnerships in the digital economy.
Fisheries ministry, Commission announce 2021 closed season
The closed season will start from 1 July to 31 July 2021. The artisanal and inshore fleets will implement the closed season from 1 July to 31 July 2021.
Ghana seeks African Organization for Standardization presidency
Ghana is vying for the presidency of ARSO. This was done through the Ministry of Foreign Affairs and Regional Integration. As vacancies for the presidency of the African Organization for Standardization are open, Ghana has registered its intention towards the continent's body that is in-charge of harmonizing standards and conformity procedures to facilitate seamless intra-trading.
Government must pay attention to Free Zones to boost economy
The workshop brought together stakeholders and experts playing diverse roles in the Export Processing Zones ecosystem in Ghana, to evaluate the economic, social, environmental, and technological performance of Ghana's Export Promoting Zones under three important themes: sustainable Export Processing Zones policies, sustainable infrastructure, and sustainable regulatory support. Dr Manteaw said there is the need to have a second look at the Ghana Free Zones Act 1995 which was enacted to offer incentives to firms that wished to operate within the Free Zones enclaves especially because it has not achieved the planned results after 25 years.
We need to invest in entrepreneurship instead of depending on government
Former President John Agyekum Kufuor has urged the government to turn its focus on investing in entrepreneurship. Speaking on an Accra-based Angle FM, Mr Kufuor said, many developed countries invest in entrepreneurship and it is time to also replicate that in Ghana.
List of prices of global commodities as of June 11
On the commodities market today June 11, 2021, the price of crude oil is seventy dollars, forty cents as compared to yesterday's trading of seventy-one dollars, ninety-two cents. Gold is trading at one thousand, eight hundred and ninety-two dollars, twenty-one cents as compared to yesterday's trading of one thousand, eight hundred and ninety-one dollars, ninety-five cents.
Skills and technology will drive Planting Food and Jobs
Speaking at a networking event to announce ITA's upcoming Ghana-Italy Agribusiness Digital Lab to stakeholders in the agribusiness sector, he said Italy has the right expertise and technology to support the PFJ programme. The ITA will on June 22 organise virtual B2B meetings between Italian and Ghanaian agribusiness companies under the Digital Lab project.
Businesses charged to embrace digitization to stay relevant – Citi Business News
The inability of businesses to incorporate digitization in their business models will create a void with dire consequences for their survivability post-COVID-19. According to him, in spite of the achievements introduced by government towards building a financially inclusive society through digitisation, businesses need to embrace digital solutions to compete and survive. Speaking at the launch of the 5th edition of the Ghana CEO Summit, Dr. Maxwell Opoku Afari charged businesses to be firm in the pursuit of their ideals and position themselves properly in order to stay relevant.
Stakeholders in digital space call for setting up of data centre infrastructure – Citi Business News
Stakeholders in Ghana's digital space are asking for a data centre in Ghana to keep proper records of the country's critical information for current and future use. Until that plan materializes, concerned parties in the digital space are intensifying calls for the data centre to be set up as soon as possible. The Techgulf Digital Forum, which brought together the stakeholders for a conversation, was under the theme, 'Operationalizing Ghana's Digital Transformation Agenda'.
There'll be systematic power outages in May
Ghanaians would have to brace up themselves for more power outages in May 2021. Ghanaians have in the past few months been experiencing intermittent power outages, sparking fears that the country may be returning to the days of unstable power supply popularly known as 'dumsor. The power transmission company also in a statement issued on Wednesday, March 31, 2021, called for calm saying, it has no intention of publishing a power rationing timetable.
Local rice farmers seek foreign support to stay in business
Ghana imports more than US$350million worth of rice annually from countries including the USA. The association maintains that high-interest rates on local loans to rice farmers, and the low technology involved in cultivation of rice in Ghana, are curtailing the fortunes of local producers. While local banks have remained indifferent toward financing rice farmers across the country, with high-interest rates on loans - beyond 30 percent, the phenomenon according to the organisation is escalating the country's foreign rice import bill, as local producers cannot meet demands for such facilities.