Ethiopian Airlines has suspended the two pilots who fell asleep in the cockpit and missed their landing. The carrier has moved swiftly to remove the pilots from active duty pending an investigation. The two pilots were asleep at the controls of a Boeing 737-800 when they were supposed to be landing, forcing the aircraft to go around and land without casualty
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The Ghana Investment Promotion Centre (GIPC) plans to review its assessment of Foreign Direct Investments (FDI), to viewing it as projects, the centre’s Chief Executive Officer, Yofi Grant, has said.According to Mr. Grant over the period investors come over to the centre to register, however, when they decide to expand or raise more capital for other projects they do not come back, hence GIPC loses out on these numbers.
By Eugene Davis ugendavis@gmail.com
Speaking to journalists on the sidelines of the 19th Ghana Club 100 launch in Accra on Thursday,
By Dare Okoudjou, Founder and CEO, MFS Africa
NO. B24 / 382 | News for Business Leaders
Ethiopian's
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sleeping pilots suspended GIPC to review FDI assessment …as it launches Club 100 BUSINESS24.COM.GH Friday August 26, 2022 Experts call for a common position and a single voice to boost Africa’s COP27 aspirations Vodafone offers customers more value with refreshed bundle packages See page 4 See page 6 Cont’d on page 3 Bank of Ghana Goes Live andAfricanempoweringareinteroperabilitymobileWhyPlatformRegulatoryEMTECH’soncardandmoneycriticaltoconsumersentrepreneurs EMTECH, a Modern Central Wandgroundbreakingannouncementbettertheacceleratecapabilities.anditsBankPlatformRegulatorytodayprovider,InfrastructureBankingannounceditsAPI-FirstDigitalSandbox™wasselectedbytheofGhanatomodernizeregulatoryreviewprocessregulatoryreportingThisdecisionwillinnovationsinmarkettohelpBOGassessitsrisk.TheconfirmsthepartnershipasuccessfulpilotwhichhenIfoundedMFSAfricamorethanadecadeago,Iset Cont’d on page 14 Cont’d on page 3
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For Mr. Grant, projects ongoing are considered as FDIs in some countries, and reckons it is time the centre reviews their metrics. “We only register the cash and equipment that comes in so the indication we are getting from WTO, UNCTAD which are global bodies is that perhaps we should consider looking at FDIs on project basis and monitor the project.”Inspite of the challenges the country is facing, Ghana remains attractive, he added.
Continued from cover GIPC to review FDI assessment …as it launches Club 100 he said “not as much as the new metrics or methodology, perhaps we should start looking at foreign direct investments as projects, many countries look at them as projects.When they come to register for the first time and they increase their capital, they don’t come back, but when you see it as a project, you can monitor and tell when there is an expansion, they have to tell you and send a report so you can keep track of it.”
On his part, Reindolf Arnold, from KPMG, the new ranking partner, stated that their role is to collate data, analyse, rank all eligible companies based on agreed criteria. The event is scheduled to take place sometime in October, with organiser urging companies and rural banks to volunteer to partake.
Let’s consciously perk up local interest in oil industry over the last decade to improve governance outcomes as well as to promote transparency and accountability.Thishasbeen done with a view towards managing the technical, environmental and social risks within the sector as well as maximising the fiscal revenues and local content, supply chain and wider industrial development benefits to the country.However, according to the oil revenue watchdog, 10 years after the country started producing oil in commercial quantities, not much has been done towards getting its people in an industry the requires a high technical expertise.Itisafact that the non-active
Club 100 launch The Deputy CEO of the centre, Yaw Afriyie, speaking at the launch of the Ghana Club 100 said since its inception in 1998, the objective of the annual awards has been to promote
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“It’s always a challenge, if you look at the global statistics, interestingly last year, Africa FDI went up by some 82percent or so, but we are still a small recipient of global FDI’s less than 5percent. We look forward to many reforms that will make easier for investors to come in but also to partner local people, so we can have better engagement. For us, we see investments as a relationship and every relationship you need to nurture it, fuel it and keep them alive.”
APIAC analysis has shown that the discovery of oil wealth in the country has largely not impacted its economic fortunes with the state garnering a little over US$6.5bn of an estimated US$31.22bn of total revenue from the exploration of the commodity over the past decade.In2010, the government unveiled the local content and local participation policy which sought to achieve a 90percent Ghanaian content and participation across the value chain of the petroleum sector within a space of 10 years. The state has also reviewed, updated and improved its institutional framework for the upstream oil and gas sector participation of Ghanaian firms and oil and gas professionals in the lucrative hydrocarbons sector is robbing the nation of millions of dollars as most of the sector’s revenue are shipped off the shores of this country.
A country in dire need of revenue for developmental projects and other social interventions can no longer leave its highly-resourced and gainful sectors, specifically the extractives, in the hands of foreignThereinvestors.mustbe that conscious effort to build local capital armed with the requisite expertise and competence to thrive in the oil and gas business and the time is now.
He added that “we might be losing up on some of the numbers because we don’t just get it, is not just the initial capital they bring that we should register but the cost as well. That is why sometimes our numbers differ from that of the central bank because they look at only the cash component of it but we look at equipment as well.”
effective corporate governance thus serving as a benchmark for corporate excellence and recognition of the achievements and contributions of the private sector to Ghana’s development. He also indicated that the centre missed the 2019 Club 100 because of the covid-19 pandemic, “in that period, we had some introspection about Club 100 in an attempt to improve the ranking integrity of the event.”
The EthiopianstatementAirlines in a statement "The concerned crew have been removed from operation pending further“Appropriateinvestigation.corrective action will be taken based on the outcome of the investigation. Safety has always been and will continue to be our first priority." Air traffic control repeatedly (and unsuccessfully) tried to contact the pilots after the flight reached its top of descent near Addis Ababa while still cruising at FL370. Investigation pending Ethiopian Airlines did not explicitly confirm whether from
3 FRIDAY AUGUST 26, 2022
Bank of Ghana Goes Live on EMTECH’s Regulatory Platform
EMTECH Founder and CEO Carmelle Cadet. “Such digital transformation for both emerging and developed financial markets can contribute to greater regulatory clarity, capital investments, and economic growth over time. There’s a lot more to do, and we’re going to keep learning. We look forward to adding value for central banks, financial regulators and the growing FSP ecosystems.”
Continued from cover included a Ghanain Blockchain Financial Service Provider (FSP). EMTECH’s open platform digitizes access to central banking services, starting with the Digital Regulatory Sandbox and Regulatory Reporting APIs. The firm’s partnership with the Bank of Ghana unlocks unprecedented value for both FSPs and regulators.
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EMTECH moved from beta to production and is currently onboarding more central banks and regulators, as well as several think and a key tool in fatigue management. However, both pilots falling asleep is a different issue entirely. As the International Air Transport Association (IATA) explains in its Fatigue Management Guide for Airline Operators "For two-pilot crews on long-range flights, planned 40-minute nap opportunities on the flight deck seat have been shown to provide an average of 23 minutes of sleep and to improve alertness and performance at top of Adescent.short nap can improve alertness and performance and is a valuable mitigation strategy in fatigue management." Was pilot fatigue to blame? The likeliest factor behind this incident is pilot fatigue, which has caused similar incidents in theSimplepast. Flying reported on the ITA Airways pilots who fell asleep over France and sparked a terrorism scare, which was also likely down to fatigue. perhaps the pilots themselves do not even know. Data from FlightRadar24.com shows that the aircraft reached its cruising altitude of FL370 almost an hour before its scheduled landing in Addis Ababa. Controlled rest Pilot napping, often called 'controlled rest,' is more common (and safer) than you might the pilots were asleep or not, instead stating that the aircraft "temporarily lost communication" with air traffic control. This is perhaps understandable, as the incident only occurred less than a week ago and the airline is still conducting a thorough investigation.Itisnotclear just how long the pilots were asleep at this point;
Continued
Ethiopian's sleeping pilots suspended 25 minutes later. The incident, which many speculate was caused by fatigue, occurred on August 15, this year at the end of a 90-minute flight between Khartoum International Airport (KRT) and Addis Ababa Bole International Airport (ADD).
BOG and other regulators' EMTECH onboard will leverage the Platform to review Sandbox applications officially submitted by the FSPs and assess the data submitted via the Regulatory Reporting APIs. This delivers a modern risk monitoring tool for regulated and yet-to-be-regulated innovations going to market. According to the release, the Bank of Ghana stated the Sandbox is “an opportune tool for harnessing the potential of technology to develop an efficient and inclusive financial service industry without risking financial stability." In 2021, Ghana received an estimated $167M in VC equity funding, fueling a growing fintech ecosystem.Thismarks the first central bank to adopt such an innovative technology built for multiregulator and future multicountry regulatory integration for the ecosystem. The Bank of Ghana has announced the Digital Regulatory Sandbox will welcome various Financial Service Providers, see the Sandbox Framework. Now, FSPs can officially submit the Sandbox application, access test APIs, and experience a dynamic platform that simplifies regulatory reviews, compliance and real-time risk monitoring while in the market. “This was possible because of the Bank Of Ghana’s focus, dedication and efforts. We are EMTECH builds the next generation API-First CentralBanking Infrastructure. EMTECH provides software, data and services that connect central banks to other regulators and financial services providers. Our platforms power regulatory data exchange, currency issuance and currency movement in financial markets.EMTECH was founded by a woman who helped pioneer the world’s first Central Bank Digital Currency (CBDC). EMTECH is a diverse global firm that makes financial ecosystems inclusive
4 FRIDAY AUGUST 26, 2022Feature
Meanwhile, Dr Mahmoud Mohieldin, UN Climate Change High-Level Champion for Egypt , warned that climate change will compound Africa’s financial weaknesses and make it further indebted, as it will require much more funding to build resilience. This, he added, would require Africa to prioritise spending in order to retain its capacity to deal with climate risks. He said it was fortunate that there are increased investments in green energy on the continent, including in solar and hydrogen in countries such as Morocco and Egypt.
move beyond talk and focus on connecting outcomes from previous conferences to future actions. “Africa must ensure that the vision that animates the climate change agenda translates into tangible effects on communities. This can only be done when Africa takes ownership of its obligations and forges a common negotiating position to strengthen its demands for action. She reminded delegates to the conference of the responsibility they bear towards the people of the continent and asked them to work together, learn from one another and make COP27 a successful and transformative one for the continent.”
During the discussion, experts called upon world leaders and negotiators to agree on a join forces to secure the continent against climate change disasters. He also thanked the African Union, African Development Bank, Egypt Centre for Economic Studies and other regional and national bodies for their efforts in the fight against climate change and for supporting the seminar. Need for a powerful, common position and a single voice In her opening address, Her Excellency Josefa Leonel Correia Sacko stressed that Africa faces several existential threats, including climate change, the impact of Covid-19 and conflict in Europe, which have placed millions of people at risk of hunger and Addressingpoverty.the conference, she said. “Africa must speak with a single voice in shaping how the world responds to the challenge of climate change. There has to be a focus on efforts to forge a common position before the conference.”MsSacko tasked African nations and institutions to demand accountability at COP27 and devise mechanisms to ensure that long-standing promises made to the continent are delivered.
In his welcome remarks, Mr Ibrahima Cheikh Diong, UN Assistant Secretary General and Director General of the African Risk Capacity Group, said the seminar was an opportunity to marshal and coordinate African voices and bring them together to boost Africa’s position ahead of the conference. Stressing the danger that climate change presents to the continent, he called upon African countries and agencies to
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• Call for better alignment between Social Development Goals and climate action.
• Commitments made at COP27 will have to come with clear timelines and implementation benchmarks to ensure that they are met.
The call was made at the recently held virtual seminar to facilitate effective dialogues on COP27 hosted by the African Risk Capacity Group, a specialised agency of the African Union established to help African governments improve their capacities to better plan, prepare, and respond to extreme weather events and natural disasters.
Experts call for a common position and a single voice to boost Africa’s COP27 aspirations
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“Since the signing of the Paris Climate Agreement, there has been little done to increase funding for climate action in Africa, contrary to what was promised in the run-up to the agreement,” she pointed out. Ms Sacko commended Egypt’s call for an “implementation COP” and said COP27 must disbursement mechanism for USD 100 billion promised by richer nations to help poorer ones deal with climate change. The second in its series of lectures, the seminar also focused on the fallouts from last year’s COP26 in Scotland, progress on commitments made during the conference and how Africa can demand and get a better deal at COP27.The keynote address at the seminar was delivered by Her Excellency Josefa Leonel Correia Sacko, Commissioner for Agriculture, Rural Development, Blue Economy, and Sustainable Environment (ARBE) of the African Union Commission. Her address was followed by a discussion with Dr Mahmoud Mohieldin, UN Climate Change High Level Champion for Egypt and Dr. Kevin Kariuki, Vice-President for Power, Energy, Climate at the African Development Bank, moderated by Ibrahima Cheikh Diong, UN Assistant Secretary General and Director General of the African Risk Capacity Group.
• Urgent need to agree on a disbursement mechanism for USD 100 billion promised by richer nations to help poorer ones deal with climate change.
Ahead of the next Conference of the Parties in Egypt (COP 27), experts and analysts have urged Africa to forge a common position and make an assertive case for a just transition that supports the continent’s efforts to deal with the climate emergency. They advise that COP 27, which has been dubbed “Africa’s COP,” is a unique opportunity for the continent to take a determined stand and compel the rest of the world to fully address its concerns and back up previous and future commitments with actual action.
act as a Financial Advisor and Sponsoring Broker in connection with a listing by introduction on theBlackGSE.Star is a Licensed Dealing Member of the GSE and is qualified to sponsor any company to the stock exchange as per its license. Black Star was engaged by ASG strictly for the listing by introduction on the GSE and not for capital raising. The statement further notes that Black Star was not and has not been involved in any of the ASG’s private capital raising or involved in any negotiations betweencompanythe and its shareholders at any point in time before, during or after the listing. Black Star has not advised any government institution including the Minerals Income Investment Fund (“MIIF”) on the purchase of ASG shares. Also, Black Star is not privy to ASG’s internal procurement process and procedures and therefore cannot comment on that.The management of Black Star has vast experience in Ghana’s capital market and a high level of understanding of the commodity markets locally and globally. The management was instrumental in two key capital transactions in the commodity sector by working on transactions that included. the listing by the introduction of ABSA’s New Gold ETF on the Ghana stock exchange in 2012 and advising on the $750 million Rights Issue by Tullow Oil in Mar 2017 Black Star believes that this experience as well as other
In a press statement issued by its corporate affairs department, it indicated that their attention has been drawn to an article in the Daily Post on 22nd August, 2022, with the headline: “Deputy Finance Minister, Adu Boahen’s Company Black Star, accused of causing $5 million financial loss to the state through MIIF’s investment in Asante Gold”.
We are concerned by what appears to be an orchestrated scheme to push false and misleading narratives about our Company. This is just the latest in a series of carefully crafted and deliberate efforts to cause significant harm to the Company and all its stakeholders. This press release is without prejudice to any legal action that may be taken by the company or individuals targeted by this false publication.” According to the release, ASG’s business activities include the acquisition, exploration, evaluation, and development of mineral properties in Ghana, West Africa using, wherever possible, environmentally sustainable methods and protocols, to maximize the return to shareholders, the local community, and Ghana as a whole.ASG was incorporated under the Canada Business Corporations, Act on May 4, 2011, and has continued as a company under the Business Corporations Act of British Columbia. ASG was listed on the TSX Venture Exchange on February 28, 2012, under the symbol “ASE” until May 27, 2015. Subsequently, ASG was listed and commenced trading on the Canadian Securities Exchange (“CSE”) on May 28, 2015. The Company was also independently quoted on the Frankfurt Stock Exchange on March 12, 2012. ASG is also registered in Ghana as an external company and has an established place of business in Ghana.Onthe 8th of February 2021, ASG appointed Black Star to
5 FRIDAY AUGUST 26, 2022News capital market transactions were instrumental in the company being engaged as advisors to list ASG by introduction on the GSE. Since 2017 over GHS1.8 billion has been raised on the GSE, and as of August 2022, the market capitalization of the GSE was estimated at GHS64 billion with an estimated annual trading value of GHS520 million at the end of 2021, and GHS291 million by making it a robust venue to attract local and global capital. The Securities and Exchange Commission (“SEC”) as well as the Ghana Stock Exchange conducted independent due diligence on ASG as per its listing requirements and finally approved the listing of ASG in June 2022. The publicly available listing prospectus details all the transactions details and is available for all to review at theBlackGSE. Star’s AML policies, procedures, and internal controls are designed to ensure compliance with all applicable regulations and are reviewed and updated on a regular basis. “Black Star treats all allegations against it seriously and will review all internal processes and take appropriate action where necessary to safeguard all its stakeholders.Lastly,the management of the Black Star would also like to reassure all stakeholders that they have always adhered to all regulatory requirements and have executed their mandate to the highest standards of practice in the financial markets.” It stated.
The statement further quotes from the reported article: “Industry players in the [sic] Ghana’s oil and mineral sector are accusing a Deputy [sic] Minister of Finance, Charles Kofi Adu Boahene of using his private company, Black Stars Advisory Limited, to cause financial loss [sic] to the state to the tune of approximately $5 million through the advice the company gave to the Minerals Income Investment Fund (MIIF) to subscribe [sic] to a private placement by Asante Gold Corporations, purchasing 14.5 million Asante shares at C41.75/ share.”The release adds that “This is patently false and deliberately misleading. Black Star was never engaged by MIIF, as falsely alleged, to advise it on any private placement to do with the shares of Asante Gold Corporation.
The management of Black Star Advisors have stated that it has never engaged or caused any financial loss to the state to the tune of US$5m through the advice the company gave to the Minerals Income Investment Fund (MIIF) to subscribe [sic] to a private placement by Asante Gold Corporations, purchasing 14.5 million Asante shares.
Black Star Advisors reacts to “false, misleading” publications
the Village Savings and Loan Association (VSLAs) and will anchor support and technical assistance through the VSLA groups as well as link them to rural/ community banks", he added.He also underscored the importance of monitoring to the sustainability of the program.
Telecommunicationsgiant,VodafoneGhana,hasrefresheditsmobileproductportfolio,comprisingIntegratedBundles(voice,data,andSMS)andDataBundleofferings,toofferitscustomersmorevalue.VodafoneCustomerscannowenjoymoredatabundleallocationatthesameprice,withmoreminutestocallallnetworksandnon-expirybundles.Speakingontheupdatedportfolioofproducts,theDirectoroftheConsumerBusinessUnitatVodafoneGhana,DavidUmoh,explainedthatVodafonenowoffersmorevalueformoneybyincreasingdataallowances
6 FRIDAY AUGUST 26, 2022News customers to remain connected at all times without feeling pressured to buy only a limited amount of data or worrying about their data expiring at the end of each month.”
" The CROPP will facilitate the setup of an oil palm nursery to supply climate resilient seedlings to farmers as well as strengthen oil palm farmer groups through
Chiefs, MMDCEs from the beneficiary districts, Agric officers and farmers were all present at the orientation program.
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He added that Solidaridad West Africa will provide technical trainings, mentoring and coaching to MMDA extension staff, provide platform for monitoring and reporting on project outcomes, in Ghana is under any form of irrigation. Thus, the overdependence on quantity and pattern of rainfall for crop production in Ghana exposes the economy and livelihood of citizens to fluctuation in production. This has been exacerbated by growing unpredictability of weather caused by climate change.
Anglogold Ashanti Ghana, Obuasi Mine has presented agricultural extension tools to agric officers in five (5) districts of the Ashanti Region. The tools which included flip charts, pruning tools, harvesting tools and tablets were to support AGA's Climate Resilient Oil Palm Project (CROPP) which is part of the 10-year Socio-Economic Development Plan of the mining company.Thebeneficiary districts were Obuasi Municipal, Obuasi East, Adansi North, Adansi South and the Adansi Asokwa districts. Launched in 2021, the Climate Resilient Oil Palm Project (CROPP) aims at mitigating the effects of climate change and adaptation through local economic development. The five (5) year programme which is expected to be rolled out in five (5) districts has Solidaridad West Africa providing technical support.
AngloGold Ashanti, Obuasi Mine retool agric officers to fight climate change train and mentor youth farm service providers and provide technical support towards establishment of oil palm agroforestry farms. On the part of the MMDAs, Mr. Arthur-Bentum stressed that they will identify and train farmers on BMPs, conduct follow up and provide extension support to existing and new oil palm plantings and collect monthly data from selected farmers using SWA platform. He appealed to chiefs and leaders of the beneficiary communities to make available degraded sites for reclamation Rosemary Addico, Oil Palm program Manager, Solidaridad West posited that a lot of farmers especially small holder farmers have limited knowledge in best management practices hence the CROPP will help build the knowledge and capacity of farmers in best management practices to enable them adopt the right approaches to farming.
As part of the program Extension Officers in the beneficiary districts have been trained in Best Oil palm Management Practices and the use of digital tools for monitoring and reporting purposes.
Speaking at an orientation program held in Obuasi to brief stakeholders on the progress of the CROPP, Emmanuel Baidoo, Senior Manager Sustainability AGAG, said CROPP is a demonstration of commitment on the part of AGAG to support farmers to improve productivity on their oil palm farms, expand their production by reclaiming and developing degraded lands into agroforestry oil palm farms and implement additional livelihoods. He said key to the 10-year Socio-Economic Development Plan (SEDP) launched in July was Agricultural Development.
By Sampson Manu
Ghana, like most subSaharan African countries, is predominantly agrarian, with crop production being the main driver of the agriculture sector. More than 80% of growers are smallholder farmers, and their practices are characterized by low technology use, high raindependence and a low adoption of Lessirrigation.than 2% of arable lands
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He said that AngloGold Ashanti in the five (5) years duration of the program, will actively invest in the value chain with the aim of realising the objectives of the program.TheEconomic Development Superintendent of Anglogold Ashanti, Daniel Arthur-Bentum in his presentation mentioned the roles of the various stakeholders in the implementation of the CROPP. He said AngloGold Ashanti is responsible for mobilizing technical and financial partnerships to support the program. They will also support MMDAs with resources for implementation of the program.
He encouraged non-Vodafone customers to switch to the Vodafone Ghana network to enjoy the benefits the network offers. Customers can subscribe to the exciting data bundle offers by dialling *700# and *110# for dataonlyIntegratedbundles.(Voice + Data + SMS) bundles are available on USSD via *200#. To see Vodafone Ghana’s full list of consumer offers, customers can dial *151#.
He said it is a deliberate policy of AGA to diversify the economy of Obuasi by leveraging on Agricultural development. To execute this, he stressed that the project will support existing oil palm farmers in the 5 MMDAs to adopt climate smart practices through capacity building and technical support, the project will also work with chiefs and local authorities to identify and convert degraded lands into oil palm agroforestry blocks.
Momo Customers to win up to GHC 5000 CEDIS Every Week for their Transactions
The Executive Director
Kyiamah, has paid a working visit Technical Services Limited as part of their membership engagement
7 FRIDAY AUGUST 26, 2022News customers are urged to be careful of the activities of Fraudsters. MML does NOT charge ANY money or its equivalent before prizes are redeemed; hence any request for money, recharge cards or airtime before a prize is redeemed is fraudulent. Official calls originating from MML on the promotion will be made through the official line 0244300000. MoMo Month was instituted in 2012 and has for the past years been instrumental in driving awareness, influencing policy, and deepening the use of MoMo services. Customers should visit mtn.com.gh/MoMo for more details on the promotion.
M obileMoney Limited (MML) has launched a promo to reward Customers for their loyalty and to promote digital payments via MoMo. For the next 3 months beginning August 15th to 30th October, the company will reward 250 customers each week with prizes worth up to GHC5000 (Five Thousand Ghana cedis) E-Cash. The point-based promo requires customers to meet and exceed a target set for them each week through the value of transactions they make. Customers who undertake Person to Merchant (P2M) and Person to Person (P2P) transactions will earn 2 points for every GHS 1 they transfer.Also,Customers who purchase airtime via MoMo will earn a point for every GHS 1 airtime and data top-up they buy from their wallet. Again, Customers who exceed their targets will get the total value of their transactions in points. Further to these, Customers who use the MoMo App to do transactions will earn 2 extra points for each transaction. MoMo Agents and Merchants will be expected to register more Customers, increase their volume and value of transactions and reduce fraud incidents in their payment transactions during the period. Subscribers can view their accumulated points through MTN MoMo short code *170# or MoMoWinnersApp. of weekly prizes will be presented with their rewards at the end of each month after they have been notified by MML via 0244 300 000. In the event where selected winners are not available to claim the prize, the prize will be awarded to the next customer in order of ranking. High performing Agents and Merchants will be rewarded at the end of the year. With the launch of the promotion, MML has intensified its campaign against fraud. MoMo operations to win very attractive rewards.Speaking at the recent launch of the MoMo month celebrations, Mr. Eli Hini -CEO of MobileMoney Limited said, “The invaluable role our customers play in our success story is what drives us to be constantly innovative in rewarding them. For this period, we want customers to appreciate the convenience MoMo provides when it comes to making payments.” ‘We should not let E-Levy deter us from enjoying the numerous benefits we get from using MoMo,” he added.
The 2022 MoMo Month Promo will reward Customers for using the MoMo Service for all their
G&J is involved in the sale, installation and most importantly the maintenance of Diesel Engine Driven Generating sets and represents the UK company, AJ Power in Ghana. Over the past 28 years, G&J has built a strong reputation for supplying world-class diesel generating sets and providing its customers with first class aftersalesAdjobasupport.said the visit gave her an opportunity to touch base with G&J, learn about any new developments in their business, share in their recent achievements, and discuss how UK-Ghana Chamber of Commerce can continue to support them to thrive by connecting them to their extensive business network.
UKGCC Executive Director pays working visit to G&J Technical Services
Source: GNA
8 FRIDAY AUGUST 26, 2022News
Germany commits €37.8m for solar power development in Ghana
Ambassador Krull said Germany remained a major bilateral provider of development cooperation funds for Ghana, especially in the energy sector with the current portfolio amounts to over 700 million euros.He said after the completion of all sections of the PV Plant at Kaleo and Lawra, more than 30,000 people could be supplied with reliable green electricity.
The Ambassador said the photovoltaic Plant at Kaleo to see this trusted cooperation be extended into the field of green hydrogen and derivate production in Ghana. The German Ambassador said the photovoltaic Plant was an was because of the excellent cooperation, long-standing, great and trusting relationship between Ghana and German governments. He said it is the hope and wish of the German government
important step toward achieving the ambitious goals of the renewable energy master plan of Ghana.“The commissioning of the plant shows that the expansion of renewable energies in Ghana is technically and financially feasible in times of galloping energy“Thesecosts.renewables are the most promising source for an independent and climate friendly and affordable energy supply”, Mr Krull Ambassadorsaid.
Krull said the power sector had made remarkable progress in recent years, as the government had provided access to electricity to a large part of the population thereby creating opportunities for the economic growth of the country.Hesaid the operations of the PV systems could help reduce greenhouse gas emissions by over 30,000 tons of carbon dioxide each year, which translates to the emissions of 60,000 Ghanaians.
The German government has so far committed a total of €37.8 million towards the development of the first utility scale PV plant in Ghana. Mr Daniel Krull, the German Ambassador to Ghana, announced this during the commissioning of the photovoltaic Plant at Kaleo in the Nadowli-Kaleo District on Tuesday.ASpanish Company, Elecnor S. A. built the Solar Plant at Kaleo for the Volta River Authority with funding from the German Development Bank (KfW) implementing the project.
Discussing the lessons learned from COP26, Dr Mohieldin explained that negotiators at COP26 had done the best under the circumstances, but the greater responsibility lay with national teams who had presented their Nationally Determined Contributions. He stressed the urgent need to agree on a disbursement mechanism for USD 100 billion promised by richer nations to help poorer ones deal with climate change and bemoaned the loss of political will in western capitals, which were responsible for the delays in meeting that and other commitments. He said commitments made at COP27 will have to come with clear timelines and implementation benchmarks to ensure that they are met. He called for enhanced investment and innovation and purpose-built responses that work for Africa’s specific circumstances, noting
Feature due to the thawing of political will, likening it to the long-held promise to commit 0.7 per cent of GDP to the developing countries. He called for the private sector in Africa to be coopted into the climate agenda to help fund Africa’s efforts.
Dr Kariuki, said the AfDB is keenly aware of the need for adaptation and has committed to doubling its financing to support the continent in this direction. As the least adaptable continent at the moment, Africa needs to enhance its preparedness systems, including by investing in early warning and prediction systems supported by modern technology. He said AfDB has been working with the African Dr Mohieldin argued that regional perspectives must be brought to bear on the discussions at COP27 and that there must be better alignment between Social Development Goals and climate action. There must be practical steps laid out to ensure that structural changes do not compromise the energy and development goals of the continent.DrKariuki called for more investment for Africa, particularly for the twenty-two economies on the continent which are most at risk. At least USD 128 billion of investment is required by 2030 and COP27 should bring a recommitment to the targets set for that milestone. He emphasised the need for climate goals to be linked to development benchmarks such as energy security. With energy so crucial to sustainable development, COP27 and beyond must bring focus on how to support green energy projects on the continent. He called on African leaders to take the initiative and assume leadership in the conversation and help adapt solutions to Africa’s needs. Lack of accountability is a challengeDrMohieldin pointed to the lack of an accountability is also supporting communities to improve resilience, offering training and investment to vulnerable communities. There has to be more done to transfer applicable technology to address damage to communities. The AfDB, he said, is ready to support such efforts in collaboration with other agencies on the continent.
9 FRIDAY AUGUST 26, 2022
Fortifying ahead of disaster
The effects will be most felt in agriculture where changes in weather patterns will compromise food production and security and put over two hundred million people at risk of hunger. He pointed to the cyclones of 2019 in East Africa which led to the loss of about a thousand lives and vast areas of arable land.
CONTINUED FROM PAGE 4
On the ARC Group’s role, Mr Ibrahima Cheikh Diong explained that it was set up to assist African countries with mitigation, resilience and adaptation strategies. He said it was important to have technology-based systems to warn and prepare nations for climate events. Through the ARC Group, African countries can procure insurance against extreme weather events and retain financial capacity to protect lives and livelihoods and rebuild their infrastructure in the wake of such adverse events. He explained that while only thirtyfive countries are member now, all African countries are eligible African Agriculture under threat
Dr Kariuki explained that the process to access such funds can be very complicated and thus the AfDB was working with countries to build their capacity to apply for, access and disburse the funds. He said it was also important for developed countries to prioritise climate funding as they had shown the capacity to do in the face of the Covid-19 global pandemic.
Dr. Kevin Kariuki, VicePresident for Power, Energy, Climate at the African Development Bank, observed that African economies stood to lose about USD 50 billion due to the effects of climate change by 2030, some 7 per cent of the Gross Domestic Product (GDP).
The lessons from COP26
ACU was devised as an anchor to which countries in the region could tether their own currencies, thereby deterring competitive devaluations and enabling countries in the region to float their currencies collectively against the US dollar. This would enable faster adjustment of current-account imbalances and promote regional trade and financialBuildingflows.on the ACU idea, a group of Japanese economists devised a supplementary concept: the Asian Monetary Unit, whose value would reflect a weighted average of East Asian currencies. But, while Asian academics welcomed the proposals as possible first steps toward the creation of a common regional currency, neither the ACU nor the AMU has gained traction among ofpastimpressiveAsianbillionsixfolderuptedtimeforeign-exchangeaccumulatedofcurrent-accountofhasforseveralmomentumcooperationUnfortunately,policymakers.Asianfinancialhasbeenlosinginrecentyearsforreasons.First,theneedregionalliquiditysupportbecomelessurgent.MosttheASEAN+3countriesrunsurplusesmostthetime,andtheregionhadsome$3.7trillioninreservesbythetheglobalfinancialcrisisin2008–amorethanincreasefromthe$542theyheldin1997.Second,althoughthebondmarkethasmadeheadwayoverthetenyears,thedevelopmentlocal-currencybondmarkets
is driven by domestic financial needs rather than regional financial cooperation, and crossborder local currency bonds are rarely issued. In fact, individual countries’ financial development has significantly outpaced the development of infrastructure for the cross-border issuance of local-currency bonds. As a result, factors like non-standardized regulations, inadequate market liquidity, and a lack of an effective securities settlement system continue to hinder the development of cross-border issuance of local-currency bonds in the Third,region.since the Asian financial crisis, most East Asian countries have adopted a managed-floating exchange-rate regime. But none of them has pegged their currencies to a basket of East Asian currencies based on the ACU, largely because they are unwilling to accept constraints on their exchange rates for the sake of exchange-rate stabilization among regional currencies. More broadly, greater economic and financial cooperation is vital to Asia’s long-term prosperity. Yet pursuing it – including the possible formation of an East Asian Economic Community – is fundamentally a political, not an economic, question. Because of East Asian countries’ close geographic vicinity and economic connectivity, ASEAN+3 governments should urgently put the endeavor that began 25 years ago back on their agendas.
The importance of Asian financial cooperation
In May 2000, the ten ASEAN countries – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam – plus China, Japan, and South Korea (ASEAN+3) signed the Chiang Mai Initiative, the region’s first currency-swap arrangement.Byenabling countries to swap their local currencies for US dollars for a fixed period of time, the CMI was supposed to help regional borrowers overcome short-term liquidity challenges, thereby serving as a complement to the IMF. This opened the way for the fulfillment of the AMF’s promise: In 2009, the CMI became the Chiang Mai Initiative Multilateralization (CMIM), a multilateral reserve-pooling scheme totaling $120 billion. In 2014, the facility was expanded to $240 Anotherbillion.milestone came in 2002, when ASEAN+3 launched the Asian Bond Markets Initiative (ABMI), in the hope that a regional bond market would strengthen financial stability, reduce vulnerability to capitalflow reversals, mitigate currency and maturity mismatches, and counter “overbanking.” In March 2022, emerging East Asia’s localcurrency bond market was worth $23.5 trillion. In 2005, the Asian Development Bank proposed the most ambitious attempt at regional financial cooperation: the Asian Currency Unit. A basket of the ASEAN+3 currencies, the
By Yu Yongding
O n July 2, 1997, the Thai baht collapsed. After waves of speculative attacks, the government had run out of foreign currency and become unable to support its exchangerate peg to the US dollar. So, it floated the baht, which went into freefall. A wave of financial and non-financial Thai corporates that had borrowed heavily in dollars filed for bankruptcy. The Asian financial crisis had begun. Unable to service their foreign debt, Thailand, Indonesia, and South Korea turned to the International Monetary Fund for support. But the IMF’s rescue packages were too little, too late, and came with excessively harsh conditions. East Asia, it increasingly appeared, would be better off saving itself. The region certainly had resources. Though some countries, like Thailand, were running current-account deficits, East Asia as a whole ran an external surplus. So, in September 1997, Japan proposed pooling the region’s foreignexchange reserves and using them to rescue ailing countries. The “Asian Monetary Fund” that would be established to manage this facility would, it was promised, move faster and impose less stringent conditions than the IMF. But the US and the IMF objected to the initiative, and the AMF was stillborn. Nevertheless, regional actors did not give up on cooperation.
10 FRIDAY AUGUST 26, 2022Feature
Kayode Adebayo, CEO of Ckrowd said: “The MoU we signed today will serve as a good starting point for generating synergies in areas of education, technology and the dissemination and advocacy of knowledge. Ckrowd and School on Air will organise joint STEM classes, seminars and
Mr. Muyiwa Bamgbose, CEO of School on Air. This agreement aims to bridge the gaps in education across the African continent and provide opportunities that will help students to get themselves equipped with the technical skill sets, professional knowledge and attitude to excel and function at a global level with a comprehensive curriculum to benefit the next generation.Thispartnership will disrupt the traditional educational approach across many African nations, but instead encourage talent development, innovation, technology and knowledge advancement by tailoring digital lessons that can reach even those young people that might have been at risk of missing out schools, due to circumstances while ensuring that those lessons are adapted with examples and lexicon that is adaptable to their local experience and language. This will further help to create a next generation of talented STEM professionals who have a glocal understanding of the world and can compete at a global level and advance the Continent.
The MoU formalises a
Ckrowd, Africa’s most preferred and premium content streaming platform, and School on Air signed a Memorandum of Understanding (MoU) today to publish an education catalogue that will support young students in Africa and leverage technology to deliver affordable educational programmes.Schoolon Air, powered by premier Nigerian educational Organisation, Educational Advancement Center, has partnered with Ckrowd to deliver digital STEM classes in Nigerian home-grown languages (Ibo, Yoruba, Hausa & French), which will help to address the language barrier for students who were raised predominantly in their mother-tongue. According to research, many young Yoruba students have shown a greater interest and grew their knowledge retention of STEM subjects by 65 %, when studying in their mothertongue. Similarly, knowledge retention, assimilation and interest for STEM by young Hausa students grew by 250% after learning STEM languages in their native language.
11 FRIDAY AUGUST 26, 2022News
Ckrowd and School on Air enter new partnership to disrupt tech and educational curricula in Africa
training courses in different West African languages to promote inclusive educational growth for all, even when not using English as lingua franca. This is just the beginning, as Ckrowd is committed to improve lives for the next generations of young Africans, by partnering with tech manufacturing, educational content producers, data and streaming service companies to deliver true value to young Diasporans and Africans on the Continent, creating unique and ad-hoc local solutions and innovation to advance African nations and harness the new dynamic of the digital age, content creation, technology and education.””Thecollaboration between Ckrowd and School on Air will ensure the dissemination of knowledge and will enable many young students across the Continent to harness Ckrowd’s technology to access a greater pool of education resources in different non-Western idioms. School on Air is excited to promote and facilitate this initiative, which will mutually increase our learning and broaden our collective impact across Africa” commented framework of cooperation and facilitates collaboration between Ckrowd and School on Air to deliver STEM classes utilising Nigerian local languages, including Yoruba, Igbo, Hausa and French. This initiative will reach more than 40 million young Africans, particularly across West Africa and provide students from different walks of life to access education, learning opportunities and improve their livelihoods. Both organisations will actively work together to build a large educational catalogue, which will contribute to deliver affordable education to many young students across the Continent through the usage of innovative technological tools – all of which will help to achieve the Sustainable Development Goal of inclusive and equitable quality education and promote lifelong learning opportunities for all.
carrier rocket is a small solid launch vehicle mainly providing launching services for small satellites in low orbit, boosting high precision,
The satellite, developed by Innovation Academy for Microsatellites under the Chinese Academy of Science (CAS), is mainly used to carry out science experiments and test out new techniques.Theinstitute has successfully launched 84 satellites across
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multiple fields including communication, navigation, remote-sensing, science and nanoKuaizhou-1Asatellites.
China successfully launches satellite atop Kuaizhou-1A carrier rocket
China successfully launched the Chuangxin-16 (or Innovation-16) test satellite into space atop the Kuaizhou-1A carrier rocket on Tuesday. The rocket blasted off from Xichang Satellite Launch Center in southwest China's Sichuan Province at 10:36 a.m.
Feature a short preparation period and low launch cost, according to its developer ExPace Technology Corporation under the China Aerospace Science and Industry Corporation.Thismission is the 16th flight of the Kuaizhou-1A carrier rocket.
body of knowledge. Dr Nkem is widely travelled and has many publications and conference presentations to her credit. She is married to Prof Andy Osuigwe, a paediatric surgeon. Dr Nkem’s first experience of the magic of a library was at the tender age of five, when her mother left her with a local librarian to go to the market during a civil war. The impressions she took away with her that day lasted a lifetime and led her to a career working in libraries and with librarians that spans over 35 years. She strongly believes libraries are more than books, and that the power they hold to impact, tell and preserve the history of communities remains untapped in Africa. This is the work to which she and the team at AfLIA are dedicated to ensuring equitable access to information and knowledge for all. Dr Nkem also appreciates the challenges that exist in Africa around digitising libraries and ensuring that information is not lost and becomes more accessible to Sheall. is a strong believer in the following causes: Arts and Culture; Children’s Rights; Civil Rights and Social Action; Economic Empowerment; Education; Human Rights; Politics; Poverty Alleviation; and Social Services. For a woman who has risen to prominence against all odds, not even the sky can be the limit.
Meet the and Information Science trailblazer honoured with the Newcomer of the Year Award at Wikipedia’s annual conference
In a world where a gender imbalance persists in knowledge management, publishing and research dissemination, one woman has defied the odds and blazed the trail in a field largely dominated by men. This is none other than Dr Nkem Osuigwe, currently the Director of Human Capacity Development and Training, and the Chair of the Public Library Section of the African Library and Information Associations and Institutions (AfLIA) in Accra, Ghana.Dr Nkem shares, “In my culture, women could dream, but most women could not aspire to be all they wanted to be, because sometimes there were invisible barriers that kept women down, not because they wanted to but because conforming helped them blend into society’s expectation.”
Dr Nkem, a Nigerian who lives in Ghana, attended the University of Benin, the University of Ibadan and Abia State University. She holds a BA (English and Literature), MLS and PhD (Library and Information Science). In her current position, she is in charge of training African librarians on how to open up knowledge through open educational resources (OER), Wikimedia projects and open licensing as well as how to lead their user communities to tell their own stories in online spaces. Her skills include digital preservation, digitisation, natural was a call to action for librarians to go beyond being disseminators of information to information leaders in their different countries, telling the stories of their communities on a global platform,” an elated Dr Nkem said in her acceptance speech. She has served as the Director of the Nigerian Book Foundation and Anambra State Library Board, in Awka, Nigeria. She has been the Secretary and Chairperson of the Anambra State Chapter of the Nigerian Library Association, and she led the State to win the Best Chapter Award for three consecutive years. She has also served as a mentor for the International Network of Emerging Library Innovators (INELI), Sub-Saharan Africa (SSAf) Cohort 1 and 2 and as a coach for the AfLIA Leadership Academy, Cohort 1 and 2. Dr Nkem represents AfLIA on the Management Committee of the UN SDG Book Club’s African chapter. She believes that libraries are the truest democratic institutions in any community, with the power to transform lives as they propel the connection of people to knowledge, ideas, skills and opportunities for better living. She is also an advocate for training librarians to understand the importance of opening up knowledge for greater access and exploring pathways for the integration of Africa’s local content into the global language processing (NLP), open access and indexing. Dr Nkem creates powerful connections between the African librarian community and Wikipedia. She started her journey as a volunteer Wikimedian in 2020 upon the realisation that African libraries and librarians were missing on Wikipedia. She went on to organise the first African Librarians Week as part of the Wikimedia Foundation’s biannual #1Lib1Ref (One Librarian, One Reference) campaign, which calls on librarians around the world to add missing references to Wikipedia. More than 800 African editors participated, making 27 800 edits to improve information on Wikipedia. It was this, among other efforts, that led to her being nominated for and winning the 2022 Newcomer of the Year Award at the annual Wikimedian of the Year Awards, honouring exceptional volunteers for their contributions to Wikipedia, Wikimedia projects, and the wider free knowledge movement. The awards form part of the annual conference, Wikimania, where Wikimedia volunteers come together to share experiences and showcase some of the work that they have been“Gettingundertaking.African librarians to believe in the power of telling the true African story through adding citations and editing articles about Africans was amazing. It
Library
Why card and mobile money interoperability are critical to empowering African consumers and entrepreneurs from cover
14 FRIDAY AUGUST 26, 2022 potential, interoperability cannot be confined to the continent. It needs to be completely borderless.Thatmeans that African consumers and businesses alike should be able to make payments to any destination, whether it’s online or offline. For us at MFS Africa, that means connecting mobile money to the rest of the world.Card networks very much appear to be the best way of doing so. It’s something that we’ve been working on for some time too. In 2019, for example, we concluded an agreement with Visa to connect our MFS Africa HUB to the Visa Network to enable card issuing at scale. It was a slow burn, but with the recent acquisition of US company GTP we’re in a prime position to accelerate interoperability. We’re not the only ones thinking this way either. The recent launch of the Mpesa Global card with Visa underscores how quickly international players are waking up to the need for interoperability. We are now at the point where the dream of every mobile money user having a card attached to their mobile money accounts is a feasible reality. In order for our continent to achieve the potential of the fintech revolution, mobile money needs to keep evolving and interoperability is key to that. a simple measure of success for the business. To facilitate access for my mom’s honey business in Porto-Novo, Benin, to collect payments from her customers from across the continent - and to make the process as easy as a phoneWhencall.it comes to Africa and financial empowerment, we must acknowledge that consumers have the same wants and needs as consumers everywhere else in the world. Africans on the continent want to order the latest clothes, and electronics and have them delivered timeously. We can agree that mobile money has done a lot to expand financial inclusion, but more is needed if they’re to seamlessly make purchases outside their countries and the continent. We must enable interoperability between mobile money and cards. That is, ensuring that merchants are able to accept payments from any consumer, whether they’re using mobile money or a card and whether they’re online or offline.
To understand the scale of the opportunity that interoperability represents, it’s worth taking a look at the African retail sector. In a sector worth hundreds of billions of dollars, online retail accounts for just one percent of sales, against a global average of total. As a result, many of the world’s largest digital merchants – including the likes of Spotify in partnership with dLocal – have started accepting mobile money payments.By2025, it’s estimated that some one million young people across Sub-Saharan Africa will have some kind of informal employment in the mobile sector, with many of them working as mobile money agents. Much of mobile money’s growth has been down to the fact that many Africans - around 57% of people on the continent, approximately 95 million people, do not have a traditional bank account. But for all the acceptance of mobile money, there are still instances where cards are the preferred payment method for consumers and merchants alike. It’s imperative, therefore, that we change the narrative from one where Africans will never have to adopt cards because of mobile money. Instead, we need to look towards facilitating interoperability between mobile money and cards and promoting adoption at scale. Making payments truly borderless For the African fintech revolution to reach its true 15%. Interoperability between cards and mobile money has the potential to not just bring that ratio more in line with global standards but to grow the sector as a whole. The appetite, after all, is clearly there. The COVID 19 pandemic saw African eCommerce sales grow 42% between 2019 and 2020. Imagine what the growth will be like as people are able to buy and sell seamlessly, no matter where they are and what channel they use.
Beyond the mobile money narrative
This focus on interoperability represents a slight shift from the mobile money narrative that’s dominated discourse to date (some might argue that even this narrative has been overly focused on the success of MPesa in Kenya, with people elsewhere on the continent simply seen as unbanked).Inmany ways, it’s understandable that so much focus has been put on the mobile money narrative in Africa. Its growth has been nothing short of explosive. According to GSMA's 2022 State of the Industry Report on Mobile Money, African mobile money transactions grew 39% in 2021 to reach US$701.4 billion, accounting for 70% of the global
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“It is no doubt that the teacher plays a pivotal role in the transformation of education in society at large, but the teacher’s work remains unattractive to the extent that many of our school children do not feel attracted to teaching, so let us use this occasion to reposition the teaching profession to regain its past glories,” he said. To mark the celebration of Teachers’ Day in October 2022, the 23 selected teachers and school heads are to compete for the grand prize of a threebedroom house at Tamale in the Northern Region.
Education Ministry launches 2022 Ghana Teacher Prize
An American technology firm, VX TECHNOLOGIES, in conjunction with the American Chamber of Commerce in Ghana, hosted a blockchain conference in Accra on Thursday, August 25.
20 MONDAY MAY 3, 2021 BUSINESS24.COM.GH FRIDAY AUGUST 25, 2022 Nii Asoyii Street, Mempeasem East Legon-Accra, Ghana. Editor: Benson +233editor@business24.com.ghAfful545516133
The Ministry of Education has launched the 2022 Ghana Teacher Prize as part of efforts to motivate teachers to remain committed to the educational sector. According to the ministry, it is working towards transforming education in the country, hence, when teachers are made to feel appreciated, it will go a long way to improve quality education.
The Ghana Teacher Prize started 27 years ago as “Best Teacher Awards” but it was recommissioned in 2018 and renamed, “Ghana Teacher Prize” (GTP) to reward hard-working teachers across the country.
including healthcare documents, education certifications, and professional licenses, benefit from being on blockchain.”
Over the years, deserving teachers have won several prizes such as houses, cars, as well as other financial rewards to inspire other teachers to follow suit. Speaking at the launch of the event themed, “The transformation of education begins with teachers,” the Minister for Education, Dr. Yaw Osei Adutwum indicated that motivating teachers will go a long a safer and more secure digital future for Ghana.
The company seeks to deploy its blockchain solutions in Ghana to leapfrog legacy storage systems and future-proof Ghana’s digital infrastructure. Many records, imbibe in “Whateverstudents.wedo in terms of transformation depends on our ability to work with teachers and to give them the requisite skills that will make them respond to the 21st century needs of this great nation called Ghana,” he said.The President of the Ghana National Association of Teachers (GNAT), Reverend Isaac Owusu, also speaking at the program, indicated that teachers need to be prioritised for their immense contribution to the educational sector including the holistic It is on the topic, “Ghana’s Future on Blockchain”.
“Some examples are that governmental bodies will be able to generate earnings by registering professionals’ credentials on the blockchain and that businesses can secure and verify vital records such as international certifications. The blockchain also reduces the time, energy, and cost for verification of data authenticity while storing information permanently and immutably,” the release
A statement by the chamber in Accra yesterday said; “The American company, registered in way to create a robust education system.“The Ghana Teachers Prize is a competition to congratulate teachers for their efforts and let them know their efforts are being appreciated by the president and the country as a whole because without teachers, teaching and learning will not be able to go on because whichever STEM program you go through, you find teachers there,” he said. He further assured that the ministry was putting systems in place to ensure that teachers were equipped with more skills to
Conference on blockchain held NO. B24 / 382 | NEWS FOR BUSINESS LEADERS
transformationadded. in education in Ghana.“Motivation plays a very crucial role in steering the zeal of an employee to work harder for increased productivity. The institution of this award has been a morale booster for teachers, and it continues to inspire teachers to give off our best,” he said. He further called on government to look into the conditions of service of teachers.
At the event, the release noted that the company’s president, Justin Pauly, will demonstrate how blockchain innovations generate revenue, lower costs, and provide special features to governments and businesses.
