Business24 Newspaper 09 June 23

By Eugene Davis

By Eugene Davis

Nearly a million SIM Cards exempted from blockage – Comms. Minister

By Eugene Davis

Almost a million sim cards have been exempted from being blocked, Minister of Communications, Ursula Owusu-Ekuful has told parliament.

“So far the total number of exemptions are 999,419 almost a million sim cards have been exempted from being blocked.” she said.

Presenting a statement on SIM registration on the oor of Parliament on Thursday, she indicated that embers of the diplomatic corps are exempted from the sim card blockage, explaining that “we have been working with the Ministry of Foreign A airs for a long time, so they periodically update the list and send it to the NCA and network operators are noti ed so they are exempted. Sta of Ghana Missions abroad and Ghana Armed Forces are also exempted, Refugees who are in this country are also exempted.”

She also disclosed that 387 persons representing those who contacted the NCA on having peculiar challenges or reasons why they cannot complete the exercise have had their complaints taken down and exempted from being blocked.

Further, she stated that Mobile Money Agents, Merchants and Electronic Voucher Distributors have been granted a temporary exemption from being blocked, “They have been given one month, up till the end of June to complete the registration process.

The Minister also announced that 30m SIMs have been registered so far and added that for the rst time in the country’s history, government is creating a digital foundation that will enable a ‘digital economy’ as well as working with the Ghana Revenue Authority to link their database to the SIM Registry database to create a data link aimed at mapping out the usage and spending patterns of mobile phones.

“Right now, every registered SIM is linked to a Ghana Card that has had the ownership of the Ghana Card veri ed from the NIA. Visiting Foreigners have registered their SIM with their passports and they are only active for 90 days. Almost 30 million SIMs have been registered and can be accounted for after 20 months of this registration exercise and that is no mean feat.”

Government last year through the Ministry of Communications issued a statement requesting Ghanaians to register their sim cards, further extensions followed but the minister maintained that a nal deadline on 31st May 2023 will not be compromised issued where all active unregistered SIMs will be blocked (No telecommunication services, including Voice, Text, Data, and Mobile Money).

SIM registration will facilitate the implementation of various government initiatives, such as mobile money services, digital nancial services and other electronic transactions. Accurate subscriber identi cation enables the expansion of these services and enhances nancial inclusion.

By registering SIM cards, citizens are better protected against fraud, unsolicited messages, and other forms of misuse of mobile phone services. The ability to identify and track individuals engaging in illegal activities provides a sense of security to mobile phone users.

Minority wants wider consultation

The Minority on their part urged the minister to engage more stakeholders in order to

get more Ghanaians registered.

According to Sam George (MP for Ningo Prampram), the minister has to engage technical people at NCA. He also added that the exercise is not undergoing any veri cation and that those who have registered with the Ghana Card, their data has not been veri ed against the National Identi cation System because “the NIA has refused to verify the data, because of law that parliament passed LI 2111, -citing section 9.

He says the NCA and the MNOs

have not gone to the NIA to authenticate the portable reader they claim they are using and has not been published in any gazette, “so you are acting in violation of Section 9 of LI 2111 and it is on that basis that problems are arising.”

The MP for Bunkpurugu, Abednego Azumah Bandim stated that the minister has not consulted with the Communications Committee and any other stakeholder.

which have purportedly been undertaken were plagued with multiple challenges which defeated the purpose of the exercise. These included: the use of multiple IDs including the Driving License, Voter’s ID, National Health Insurance Cards and Passport, with no means of verifying their authenticity.

The databases created were unreliable leading to the inability of Security and Law Enforcement Agencies to trace IDs of individuals involved in SIM-related breaches of the law, there was no limit on the

number of SIM Cards registered by an individual, resulting in fraudsters registering multiple SIMs to perpetrate scams and defraud innocent citizens.

There was no way of ensuring compliance with the National Identity Register Regulations,2012, LI 2111 which mandated all SIMs to be registered with the Ghana Card.

The government says the aim of the Sim registration exercise is to protect users against fraud and ensure digital security.

Fidelity Bank reaffirms commitment to sustainability, social impact

In a release issued by the bank, it said, “The Sustainability vision of the bank is to create a sustainable future for all Ghanaians by supporting inclusive economic growth, reducing its environmental footprint, maintaining high standards of governance and ethics and engaging with stakeholders to build trust and foster long-term partnerships.

Key among the initiatives as part of this wide-reaching Sustainability and Social Impact plan is the bank’s agship CSR intervention dubbed Orange Impact which is already underway.

ended December 31, 2022. Addressing shareholders during the virtual AGM, the immediate past Board Chairman of Fidelity Bank, Edward E ah, reiterated the bank’s renewed focus on environmental, social, and governance (ESG) as an integral imperative of its overarching business strategy.

“As a nancial institution, we are acutely aware of our role in ensuring a sustainable future for our planet, communities and the economy.

Fidelity Bank has rea rmed its commitment to embark on an ambitious sustainability and social impact strategy that focuses on sustainable nance, sustainable operations and corporate social responsibility. In line with this ambition, the bank has set up a fully- edged Partnerships, Sustainability & Corporate Social Responsibility Department to drive this

agenda.

The new department will work collaboratively with all other departments of the business to integrate sustainability principles across all the bank’s activities to ensure that it achieves the dual objective of providing maximum value to stakeholders without compromising its impact on the environment and the society.

The Orange Impact project seeks to support fteen marginalised schools across the country with a suite of customised needs-based resource and facility upgrades over a three-year period.

It said that came to light at the bank’s recent virtual Annual General Meeting (AGM) which was held on Friday May 26, 2023.

The meeting gave shareholders the opportunity to consider and adopt the report of the directors for the scal year

We have begun integrating ESG concepts into all aspects of our operations after making signi cant strides in our sustainability journey over the last year.

“We have also ensured that our strategy aligns with the Sustainable Development Goals (SDGs).

Furthermore, we acknowledge that sustainability is an ongoing process, and we are dedicated to continuously enhancing our sustainability practices and positively impacting the environment around us,” he said.

SIM Registration exercises

GSE records slow performance in May 2023; Unilever, Fanmilk among big gainers

The Ghana Stock Exchange (GSE) Fixed Income Market (GFIM) recorded 5.0 billion volumes traded in May 2023, about 12.4% decrease from the previous month. Compared to last year, it was down by 71.06%.

According to the GSE May 2023 Report, the value traded were ¢109.885 million, down 81.91% compared to the same period last year.

From January 2023 to May 2023, the cumulative volume traded amounted to 35.47 billion, a decline of 64.22% compared to the 99.15 billion traded during

the corresponding period last year.

Trades in short-term government securities accounted for 76% of activity on the market.

On the Equities market, the GSE Composite Index recorded a decline of 230.17 points during the month of May 2023, resulting in a fall in the year-to-date return to 2.76% from the previous month’s return of 12.18%.

Similarly, the GSE Financial Stock Index lost 80.90 points, increasing the year-to-date losses to 18.28%.

Unilever (26.67%), Fanmilk (22.64%), Guinness Ghana Breweries Limited (10.00%)

and Total (0.47%) were the top gainers in May 2023. On the other hand, Standard Chartered Bank (-18.83%), MTN

Ghana (-13.49%), Enterprise Ghana (10.00%), SIC (-4.00%) and Societe Generale -3.23%) led the loss sheet.

Security, Stability crucial to thriving mining industry -Chamber of Mines boss

By Eugene Davis

and investment through responsible mining investment. Through collaborative e orts, deployment of appropriate technology, and adopting a holistic and integrated approach to development, we can create a secure and stable environment that allows our industries in various sectors to co-exist and leverage the presence of each other to create the synergies that undoubtedly create value for our country.”

The CEO of Ghana Chamber of Mines, Dr. Sulemanu Koney, has reiterated the need to ensure a secured, stable environment aimed at protecting the safety and well-being of mine workforce and host communities as safeguarding its assets and investment.

There are still issues with security personnel, impact on community and worker safety as

well as illegal miners invading legally acquired mining concessions which often times, results in serious clashes with union members, thus, putting them in harm’s way.

Speaking at the opening of the three-day 5th Edition of the Ghana Mining and Energy Summit in Accra, Dr. Koney said “Security stands as a critical pillar in the success of any

mining operation. The safety and well-being of our workforce and host communities, the protection of our assets and investment, as well as the preservation of the environment, are paramount.

We, therefore, recognize the indispensable role that e ective security measures play in fostering a conducive environment for broad-based socio-economic development

He also called for the empowering of local communities and creation of opportunities for employment, skills development, and entrepreneurship, which he reckons can unlock the true potential of natural resources for broad-based socio-economic development. For him, the Ghana Chamber of Mines remains committed to driving initiatives that enhance local capacity, promote social inclusion, and nurture a sense of shared ownership of the value generated from our natural resources.

The Minister of Lands and Natural Resources, Samuel Abu Jinapor on his part said Cabinet will soon give its nod on a new policy on Green Minerals that is before expected to guide exploitation of the emerging green minerals sector,

It is anticipated that the policy will end the exportation of critical minerals including lithium, bauxite and iron among others in their raw state, which denies the country opportunity to add real value to the economy.

He maintained that the goal is to ensure that, as much as possible, the country retains the value chain of these and other minerals in the country’s future.

The minister said “Indeed, as at today, we have before Cabinet for its consideration a policy on the green minerals of our country, which, hopefully, will jettison the age-old exportation of raw minerals in

favour of value addition.”

The convergence of these two sectors, mining, and energy, presents us with a unique opportunity to shape our destiny and build a sustainable and prosperous nation using clean energy and responsible mining practices. We must unlock the full potential of our mining and energy sectors for local industrialisation. And do so in a manner that ensures energy e ciency, environmental protection, and responsible ecosystem management for climate action.

Further, he indicated that the country must prioritise sustainable practices and adopt an approach that balances economic growth, social equity, and environmental stewardship. It is through this approach “that we can ensure the preservation of our natural resources for future generations while reaping the maximum bene ts for our present population.”

He also called for the diversi -

cation of the country’s energy mix and reducing reliance on fossil fuels,in order to mitigate the impact of climate change, and create a resilient energy infrastructure, and provide a ordable and reliable power to all citizens, regardless of their location.

Newmont Ahafo North Mine progressing

The Director, Communications and External Relations at Newmont Ghana Gold, David Ebo Johnson said the summit was signi cant given the conversations around energy transition, green technology, which he says provides a platform for companies to demonstrate the steps they are taking towards energy transition.

He also touched on the Ahafo North Mine which he said “we making a lot of progress, as a I speak to you now, we have about 96 percent of the required land for construction, we have a few outstand-

ing land take issues which we are sorting through but construction has begun, and the exciting thing about it is that this work is going to be done by locals.”

The Mine is expected to be completed in the next ve years and when operational is expected to generate an average of 300Koz in the rst 5 years of its initial 13 year-mine life.

After over 100 years of mining, Ghana’s mining industry continues to be dominated and controlled by foreign interest, with over 99 percent of mining companies being foreign, owning 90 percent of the shares, with government left with a paltry 10 percent carrying interest.

The Ghana Mining and Energy Summit and Exhibition is a biennial conference organised by Ghana Chamber of Mines and is under the theme “Harnessing Mining and Energy Potential for Sustainable National Development”.

KCARP, Dredge Masters and others receive excellence awards

Kumasi Composting and Recycling Plant (KCARP) also received two prestigious awards at the National Brands Innovation Awards.

Dredge Masters Limited received the prestigious Community Impact Award of the year for its exceptional contribution to the dredging sector and the signicant impact it has made in sanitizing the national water bodies, while KCARP was honoured with the prestigious Waste Management & Recycling Facility Excellence Award.

tions. The entire organization is lled with a sense of accomplishment and grati cation, knowing that our hard work and dedication have been acknowledged and celebrated,” says Ms. Sophia Kudjordji, Chief Corporate Communications O cer in an interview after the awards ceremony.

“This recognition is a testament to their remarkable achievements as a brand in Health Safety Security and Environment and outstanding commitment to health improvement within their sector of operations,” she added.

The Jospong Group of Companies has once again excelled in its operations as executives and subsidiaries within the Group receive recognitions for their unique contributions in their areas of endeavor.

Dr. Joseph Siaw Agyepong, Executive Chairman of the conglomerate received an award as the Group CEO, 2022– Private Sector Business at the 7th Ghana CEO Summit and awards held at the Kempinski Hotel. The award was in recognition of his immense contributions to private sector development

through his Group of companies under the Jospong Group.

The event was hosted by the Chief Executive O cers (CEO)’s Forum and was attended by CEOs across Ghana. The award was received by representatives of the Group in his stead. In all, over 50 CEOs received Leadership Excellence Awards while 14 public o cials received Outstanding Public Leadership Awards for the year, 2022.

In a related development, two other subsidiaries of the Jospong Group, Dredge Masters and

According to RAD Communications, the awarding institution, the two subsidiaries have showed exceptional innovation in their respective elds.

“This award acknowledges Dredge Masters as a leading brand in the dredging sector and recognizes the profound in uence of their work in preserving and reviving the country’s water resources,” an accompanying statement said.

“The Jospong Group takes great pride and joy in receiving these esteemed awards and recogni-

The award for Dredge Masters was received by the Captain Khan Ansar, Managing Director and his Deputy Mr. Samuel Borquaye and other sta while the Award for KCARP was received by the Managing Director Ing. Samuel Ntumy and his team and assisted by Ms. Sophia Kudjordji, Chief Corporate Communication O cer.

The Awards ceremony took place at the plush Labadi Beach Hotel. Dredge

Ghana) is an ISO 9001:2015, 14001:2015, and 45001:2018 certi ed Ghanaian company and a leading provider of cutting-edge, modern technological dredging services.

DML provides cost-e ective dredging services to the government of Ghana and private institutions.

Kumasi Compost and Recycling Plant (KCARP) on the other hand is a mega-scale municipal solid waste treatment plant which was set up to receive and treat municipal solid waste from the

Propak Ghana organizes first international exhibition for Manufacturing Industries

International exhibition company, Afrocet Montgomery, has hosted over 2,500 packaging, processing, plastics and printing exhibitors and industry players at its 3-day exhibition and conference to provide insight, knowledge and thought leadership on the trends and relevant topics. Propak Ghana, the exhibition, held in Accra, provided a platform for suppliers and service providers to display cutting-edge products and service o erings, showcasing the latest technology, bring new companies to Ghana for the rst time, act as a unique platform for those more established, and ultimately help drive the manufactural industry forward.

To address the continent’s fast-developing manufacturing sector, the event hosted 50 speakers delivering sessions on circular economy, sustainability, nancing options for SMEs, latest trends in print and packaging technology, and many other insightful and informative sessions.

Speaking at the opening ceremony of the exhibition, George Pearson, Regional Director – West Africa, at Afrocet Montgomery said “Our objective is to establish Propak as a key support platform for Ghana’s aspirations to increase output of ‘the made in Ghana brand’ and boost its

exports in the region and beyond. Currently, Ghana is exporting a high percentage of its naturally-produced products in the raw state, and there is no doubt that value addition can help the country maximize revenue from its exports”.

“This approach can ensure Ghana’s plan at transforming its economy from one heavily reliant on natural resources, to a true value-added exports-led economy. This strategy cannot be a reality without investment in manufacturing, increasing the use of state-of-the-art equipment and machinery, as well as human capital, since these are key ingredients in ensuring greater e ciency and e ectiveness in manufacturing”, he added.

The Deputy Chief Executive O cer of Ghana Investment Promotion Centre (GIPC), Yaw Amoateng Afriyie noted the exhibition is timely for Ghana’s export and import ecosystem.

“This exhibition is timely, especially as we collectively summon the courage to do things di erently and challenge antiquated dogmas that we must rely predominantly on imported brands and packaging - and that our homegrown brands are inferior or costly”.

“Again, exports remain vital to the manufacturing sector, allowing businesses to expand their reach at home and abroad, which improves our balance of payments, skilled labour, and foreign exchange. GIPC is committed to working with companies like the Montgomery Group and others here to attract a blend of nancing options, e.g., equity, debt, and mezzanine, that will leapfrog Ghana to operate at the higher ends of the packaging value chain to be able to compete at home and into the global market”, he mentioned.

On his part Deputy Chief Executive O cer (CEO) of Ghana Export Promotion Authority (GEPA), Mr.

Kumasi Metropolis and adjoining district assemblies. Over the years it has established itself as a rst-class solid waste treatment and recycling plant.

Albert Kassim Diwura, was condent that the conference will be a catalyst for transformative change and open new doors of opportunity for Ghana’s packaging, processing, and printing sectors, and aim for a future where Ghana stands tall as a hub of excellence in packaging.

To round o George Pearson shared his thanks to their headline sponsors, Mohinani Group, and headline partners AGI as well as other sponsors Jaykay Global, Neofyton, Engel, Fujairah Plastics and Tetrapak and welcome all to join them next year at the end of April for the second instalment of the only exhibition in Ghana for the packaging, plastics, processing industries.

The Giving Capsules: End the pity party, prioritize your mental health

Happy New Month and how are you today? The response of many in recent times to the question has been; “we are managing”. Are you also managing or you are ne! It is said that, healing takes time, and asking for help is a courageous step, same way self-care is how you take your power back. You are braver than you believe, stronger than you seem, and smarter than you think. That is why, it's okay to not be okay as long as you are not giving up. "Your disorder or situation does not de ne you.

Your strength and courage does." – Unknown

According to the World Health Organization (WHO), mental health problems and disorders are common and a ect people of all ages, genders, cultures, and backgrounds. Depression is the leading cause of disability worldwide, a ecting more than 264 million people. Anxiety disorders a ect more than 284 million people worldwide. Dementia a ects about 50 million people worldwide. Substance use disorders a ect about 271 million

people worldwide. Suicide is the fourth leading cause of death among 15-29 year-olds. We can only drop the self-pity party when we have increase knowledge and understanding of mental health issues as this will support reduce stigma and discrimination, help people seek help when needed, support others who are struggling, and promote well-being for everyone. So I ask you. How are you doing today?

Let’s have a conversation on mental health and why it’s important to prioritize our mental health. According to the World Health Organization, Mental Health is the state of our emotional, psychological, and social well-being. It in uences how we think, feel, and act. It also a ects how we cope with stress, relate to others, and make choices and as such mental health is important at every stage of life, from childhood to adulthood. It can change over time, depending on various factors such as life events, biological factors, economic hardship or environmental factors.

It is worth noting that economic hardship and mental health are closely linked, as nancial stress can a ect people's emotional and psychological well-being. According to researchgate, these are ways that economic hardship can impact mental health. Economic hardship can cause or worsen mental health problems such as depression, anxiety, bipolar disorder, schizophrenia, substance use disorders, and suicidal behavior and addiction. This is because economic hardship can create feelings of hopelessness, helplessness, shame, guilt, anger, and fear. It can also reduce people's access to basic needs, social support, health care, and coping resources. Mental health problems can on the other hand also cause or worsen economic hardship, as they can impair people's functioning, productivity, and income. This is because mental health problems can a ect people's motivation, concentration, decision-making, communication, and interpersonal skills. They can also increase people's absenteeism, disability, and health care costs. And here is the tricky one, economic hardship and mental health problems can create a vicious cycle that is hard to break. People who experience economic hardship are more likely to develop mental health problems, and people who have mental health problems are more likely to face economic hardship. This can lead to chronic stress, poor coping, and reduced quality of life.

According to the W.H.O mental

illnesses are common health conditions that a ect how people think, feel, or behave. They can cause distress and impair functioning in di erent aspects of life but can be treated with di erent methods, such as medication, psychotherapy, counseling, or self-help strategies. The type and duration of treatment may vary depending on the person and the condition. For self- help strategies let’s learn to prioritize our mental health. Prioritizing your mental health is a great way to improve your well-being and happiness. Here are some tips that may help you do that:

1. What are the things that causes you stress. Identify your stressors and focus on the most important ones. Try to eliminate or reduce the sources of stress that are not essential or benecial for you

2. Set boundaries with people or situations that negatively a ect your mental health. Learn to say no to things that you don't want to do or that make you feel worse.

3. Challenge your negative self-talk and replace it with more positive and realistic thoughts. Don't believe everything you think and look for evidence that contradicts your negative assumptions.

4. Take care of yourself physically and emotionally. Eat well, exercise regularly, get enough sleep, and avoid alcohol or drugs that can worsen your mood. Be a thinker and not a drinker.

5. Practice mindfulness and meditation to calm your mind and body. Mindfulness can help you become more aware of your thoughts, feelings, and sensations in the present moment, without judging them.

6. Seek social support from people who care about you and understand you. Talk to your friends, family, or other trusted people about how you feel and what you need. You can also join online or o ine communities that share your interests or experiences. This is very important, don’t just talk to anyone. It should be people you trust can provide you support. As some people may make you worse o by broadcasting your challenges instead of being con dential.

7. Reach out to a professional if you feel overwhelmed, hopeless, or suicidal. Therapy can help you explore your emotions, cope with your challenges, and receive appropriate treatment. You can also call a helpline or crisis center if you need immediate help.

8. Go at your own pace and don't compare yourself to others. Everyone has their own

journey and challenges, and there is no need to rush or pressure yourself. Do what feels right for you and celebrate your progress.

Your mental health knowledge is important for many reasons. The Centers for Disease Control and Prevention as well as the World Health Organization provides us with some guidance. Mental health knowledge can help you understand yourself and others better. It can help you recognize the signs and symptoms of mental health problems, and seek help when needed. It can also help you support your friends, family, or colleagues who may be struggling with their mental health. It can help you reduce stigma and discrimination. Stigma is the negative attitude or judgment that people have towards mental health issues or people who have them. Discrimination is the unfair treatment or exclusion of people based on their mental health status. Stigma and discrimination can prevent people from seeking help, accessing services, or enjoying their rights. Mental health knowledge can help you promote well-being and resilience. Well-being is the state of feeling good and functioning well in di erent aspects of life. Resilience is the ability to cope with stress and adversity. Mental health knowledge can help you learn and practice skills and strategies that can enhance your well-being and resilience, such as self-care, mindfulness, positive thinking, problem-solving, and coping. There are also mental health dangers being the risks and harms associated with mental health problems and disorders. Impaired functioning in di erent aspects of life, such as work, education, social relationships, and daily activities. Increased morbidity and mortality from physical health conditions, such as cardiovascular disease, diabetes, cancer, and infectious diseases. Increased risk of suicide, self-harm, violence, and substance abuse. Reduced quality of life and well-being, as well as increased su ering and distress. Stigma and discrimination that can limit access to opportunities, rights, and services.

According to the World Health Organization (WHO), mental health problems and disorders are common and a ect people of all ages, genders, cultures, and backgrounds. These statistics show the magnitude and impact of mental health dangers on individuals and societies. They also highlight the need for more awareness, prevention, treatment, and care for mental health

issues. Some global statistics on mental health dangers are:

Mental health problems and disorders account for 13% of the global burden of disease, measured in disability-adjusted life years (DALYs). Depression is the leading cause of disability worldwide, a ecting more than 264 million people. Anxiety disorders a ect more than 284 million people worldwide. Bipolar disorder a ects about 45 million people worldwide. Schizophrenia a ects about 20 million people worldwide. Dementia a ects about 50 million people worldwide. Substance use disorders a ect about 271 million people worldwide. Suicide is the fourth leading cause of death among 15-29 year-olds, and claims more than 700,000 lives every year. Look consider some statistics looking at the African and Ghanaian dimension of the issues as well. Mental health issues are a serious concern in Africa, as they a ect millions of people and have signicant impacts on their well-being, productivity, and human rights.

Mental health in Africa - the Lancet Global Health and researchgate discussing mental health in Africa as well as the World Health Organization looking at reversing suicide, mental health crisis in Africa shares these issues of concern. Locally in Ghana, the mental health issues a ect many people and have signi cant impacts on their well-being, productivity, and human rights. These thematic areas discusses the African and Ghanaian causes; • Prevalence and burden of mental disorders: According to the World Health Organization (WHO), about 116 million people in Africa su er from a mental disorder, up from 53 million in 1990. Mental disorders account for 11% of the risk factors associated with suicide in Africa. The common mental disorders in Africa include depression, anxiety, bipolar disorder, schizophrenia, substance use disorders, and dementia.

In Ghana, about 13% of Ghanaians su er from a mental disorder, of which 3% su er from a severe mental disorder and 10% su er from a moderate to mild mental disorder. Mental disorders are a leading cause of years lived with disability in Ghana, behind iron-de cient anaemia. Among patients seeking treatment for mental health issues, schizophrenia, substance abuse, and mood disorders are the top three diagnoses, although a huge percentage of people receive no speci c diagnosis.

• Treatment gap and barriers to care: Despite the high prevalence and burden of mental disorders, only a small fraction of

Africans with mental health conditions receive adequate treatment and support from health facilities. This means that there is a huge treatment gap for mental health in Africa, which varies from 75% to 85% depending on the disorder. Some of the barriers to accessing care include lack of awareness, stigma, discrimination, and cost, and distance, shortage of trained sta , inadequate infrastructure, and insu cient funding. In Ghana, despite the high prevalence and burden of mental disorders, only about 2% of Ghanaians with mental health conditions receive psychiatric treatment and support from health facilities. This means that there is a huge treatment gap of 98% for mental health in Ghana.

• Human rights violations and abuses: Many people with

mental disorders in Africa and Ghana face human rights violations and abuses, such as neglect, abandonment, physical restraint, chaining, beating, and starvation, denial of medical care, forced medication, involuntary admission, and sexual violence. These abuses often occur in psychiatric hospitals, prayer camps, traditional healing centers, or within families and communities. People with mental disorders also face discrimination and exclusion in education, employment, housing, and social services.

• Policy and legal framework: Many African countries have national mental health policies and laws that aim to promote and protect the rights of people with mental disorders, and to provide accessible, a ordable,

and quality mental health care for all. However, these policies and laws have not been fully implemented or enforced due to various challenges such as lack of resources, coordination, monitoring, evaluation, and advocacy. These are some of the major mental health issues of concern in Africa. They require urgent attention and action from all stakeholders, including the governments, health sector, civil society, media, academia, and international partners.

• Ghana has a national mental health policy (2012) and a mental health act (2012) that aim to promote and protect the rights of people with mental disorders, and to provide accessible, a ordable, and quality mental health care for all. However, these

policies and laws have not been fully implemented or enforced due to various challenges such as lack of resources, coordination, monitoring, evaluation, and advocacy.

It is perfectly okay to feel sad, angry, annoyed, frustrated, scared, or anxious. Having feelings doesn't make you a negative person. It makes you human. So please drop the pity party, snap out of it and let’s create some hope for ourselves together. You are not your thoughts. You are the observer of your thoughts. Let the only meaningful journey be the actual journey within. Turn on your light and nd happiness again even in the darkest time and prioritize your mental health.

Pernod Ricard Ghana’s planting of 10000 trees begins at Moree

In line with its e orts to preserve the environment and ecosystems, Pernod Ricard Ghana, a subsidiary of the Pernod Ricard group, a leading producer of wines and spirits, in collaboration with Green Republic Project has targeted to plant 10,000 trees over the month of June.

The project was launched in Moree, in the Central Region, on June 5th, to mark World Environmental Day. To begin the tree-planting project, Pernod Ricard Ghana planted 1500 trees in Moree out of the 10,000 targeted trees.

Speaking at the project launch, Eunice Osei-Tutu, the Sustainability and Responsibility Manager, Penord Ricard Ghana, said the initiative is part of the Company’s commitment to nurture every terroir and its biodiversity for today and generations to come.

"In this month of June, which also marks the Green Ghana Day, we are planting 10,000 trees across the country, and we chose World Environmental Day as the day to launch this project at Moree. This project falls under one of the four pillars of Pernod Ricard’s 2030 Sustainability and Responsibility Roadmap dubbed ‘Nurturing Terroirs’. Under this pillar, we

take action to nurture nature, the environment and biodiversity. This is because at Pernod Ricard, all our products depend on a ourishing ecosystem. Even beyond that, as human beings, we need nature to thrive. So, we are here to contribute our quota to the environment so that this planet will continue to be sustainable for us and our children".

"To sustain these trees, we have partnered with the Green Republic Project who will ensure the trees continue to grow … Last year, in June, we restored a previously mined area at Kyebi in the Eastern Region where we planted 2,400 trees. This year, we are starting in the Central Region, and we will continue in the Northern Region", she noted.

Nana Yaw Osei Darkwa, Convener of the Green Republic Project, said the project is in line with its campaign to plant 20 million trees in the country over a 10-year period.

"Green Republic is a youth social movement that seeks to sustain the environment. As a result, we also focus on trees because, without them, humans cannot live. We have a commitment to plant 20 million trees in the next 10 years and so we have collaborat-

ed with Pernod Ricard to plant trees at Moree. And as part of the Green Republic Project, we have the responsibility to ensure these trees survive".

On his part, Nana Obokese Ampah, Regent of Moree and Apagyahene of Asebu State in the Central Region, said he was elated to have Pernod Ricard Ghana and Green Republic plant trees in Moree.

"We had a very devasting incidence at Moree a few weeks ago where tidal waves destroyed many homes, and I understand it

was as a result of climate issues, so we are glad Pernod Ricard Ghana and Green Republic are here to not just plant trees but to also educate people on tree planting. I believe their presence here has encouraged the people of Moree to see the need to plant more trees".

He also admonished all Corporate Ghana, good citizens of Moree, and Ghanaians to come on board to plant trees on the shores of Moree and educate people to stop sand mining and exhibit good environmental practices.

CIDAN INVESTMENTS LIMITED

WEEKLY MARKET REVIEW FOR WEEK ENDING

June 2, 2023

CIDAN INVESTMENTS LIMITED

WEEKLY MARKET REVIEW FOR WEEK ENDING

June 2, 2023

CIDAN INVESTMENTS LIMITED

WEEKLY MARKET REVIEW FOR WEEK ENDING June 2, 2023

CIDAN INVESTMENTS LIMITED

WEEKLY MARKET REVIEW FOR WEEK ENDING June 2, 2023

Plastics in Water: A Looming Threat to Energy Transition, Highlighting the Potential Renewable Green Energy.

Plastics and the Energy Transition

The presence of plastics in water presents a direct threat to the energy transition on multiple fronts. The di erent activities in the use of plastics go on to a ect the global ambitions of decarbonization.

Firstly, the production of plastics is heavily reliant on fossil fuels.

According to International Energy Agency (IEA) the petrochemical sector, which includes plastic production, accounts for approximately 14% of global energy use. Countries continuous and dependence on plastics indicates an indirect support to the fossil fuel industry, contradicting the global determined contributions pledge towards sustainable energy future. In addition, the impact of plastics on marine ecosystems disrupts biodiversity and ecosystem services critical for supporting renewable energy infrastructure. For instance, plastics in the ocean can damage marine turbines used in o shore wind farms, a ecting their e ciency and reliability.

The Potential of Renewable Energy Generation Depending on Water.

ues to make it a reliable option. However, it is essential to balance hydropower development with sustainability and environmental considerations to minimize potential negative impacts on ecosystems and local communities.

Wind Power Potential

Wind power is another key player in the renewable energy sector, demonstrating tremendous growth and potential. The Global Wind Energy Council (GWEC) reports that global wind power capacity reached 743 GW by the end of 2020. O shore wind power, in particular, has seen signi cant advancements, with total global installed capacity exceeding 35 GW. The o shore wind sector is projected to expand further, with GWEC estimating a potential capacity of 234 GW by 2030. Wind energy o ers a reliable and clean source of electricity, with onshore and o shore wind farms contributing to energy generation across the globe.

Geothermal Power Potential

The race to net zero continuous unabated as countries all over the world are striving to increase their renewable energy component, and contribute to decarbonization. The global energy transition has received globally recognition, countries are currently undergoing a crucial energy transition towards sustainable and renewable sources, aiming to combat climate change and reduce our reliance on fossil fuels. However, amidst this transition, there is a growing threat that often goes unnoticed: plastics in water. Plastics, particularly those in our oceans and freshwater systems, pose a signi cant threat to the energy transition, thus renewable energy generated through water ie. Mini hydro, geothermal and hydrothermal energy. These renewable energy sources depends on the availability of water bodies such as dams, rivers, streams, lakes and mighty ocean.

Plastics in Water Crisis

Plastics have become an integral part of our daily lives, but their improper disposal and inadequate waste management have led to a global crisis. Every year, an estimated 8 million metric tons of plastic waste enter our oceans,

causing severe harm to marine life, ecosystems, and human health. The United Nations Environment Programme observes approximately 300 million metric tons of plastic waste is generated globally every year, these waste often nds its way into water sources including lakes, dams, rivers and the oceans. An estimated 5.25 trillion pieces of plastic debris are in the world's oceans as stated by National Geographic. The pollution of water bodies pose signicant threat to marine and ocean life, over 800 marine species are a ected by plastic pollution, with devastating consequences such as entanglement, ingestion, and habitat destruction.

Plastic pollution disrupts the balance and functioning of ecosystems, a ecting water quality, biodiversity, and ecosystem services. It can harm sh populations, alter nutrient cycles, and degrade habitats. The economic cost of marine pollution is signicant to the global economy, the World Bank indicates it to be around $13 billion per year, including the damage caused to sheries, tourism, and maritime activities.

According to the International Renewable Energy Agency (IRENA), the total renewable energy capacity reached 2,799 GW in 2020, accounting for 29.7% of the world's total power capacity. Solar photovoltaic (PV) capacity alone exceeded 773 GW, while wind power capacity surpassed 733 GW. Additionally, hydropower accounted for approximately 1,211 GW of installed capacity. Amidst the challenges posed by plastics in water, renewable energy generation emerges as a viable alternative, o ering a sustainable and clean source of power. Renewable energy sources dependent on water, hydropower, Wind, Geothermal and Mini Hydrothermal, have the potential to provide a signi cant portion of our energy needs while mitigating the reliance on plastics and reducing greenhouse gas emissions.

Hydropower Potential

Hydropower has long been a signi cant contributor to renewable energy generation. According to IRENA, hydropower accounted for approximately 1,211 GW of installed capacity in 2020, making it the largest renewable energy source. Hydropower's capacity for energy generation, storage, and grid stability contin-

Geothermal power has signi cant potential as a renewable energy source, o ering a reliable and sustainable option for electricity generation. According to the International Renewable Energy Agency (IRENA), the total installed capacity of geothermal power reached approximately 14 GW by the end of 2020. Unlike intermittent renewable sources like wind or solar, geothermal power plants provide a constant and uninterrupted power supply, making them ideal for baseload electricity generation. According to the International Renewable Energy Agency (IRENA), geothermal energy could supply up to 14% of the world's electricity demand. Investing in geothermal energy not only reduces reliance on plastics but also fosters a cleaner and more resilient energy future. This represents a vast untapped potential for geothermal energy development. Geothermal resources are found in various regions across the world making it possible to have global appeal than other renewable energy sources.

Collaboration and Action

To e ectively address the threat of plastics in water to the energy transition, collaborative e orts and international cooperation are imperative. Governments, industries, and civil society must work together to develop innovative solutions for plastic waste management and promote sustainable

practices. The Ocean Plastics Charter, adopted by the G7 countries, is an example of a collective commitment to address marine plastic pollution. Simultaneously, multilateral partnerships and initiatives can facilitate knowledge exchange, technological advancements, and nancial support for

geothermal energy projects.

Conclusion

As the world continue to push for a sustainable energy future through energy transitions, the detrimental impact of plastics in water on the energy transition should not be ignored. To realize a Net Zero by 2030, the world to

adopt a holistic to energy transition that encapsulates all other environmental resources a ected including water, mineral resources and others. This will ensure we achieve multiple goals amongst the SDGs and will see us mitigate the reliance on plastics, reduce greenhouse gas emissions, and

foster a cleaner and more resilient world. With concerted e orts, supportive policies, and international collaboration, we can overcome challenges and unlock the immense potential of geothermal energy, ensuring a sustainable path forward for generations to come.