Business24 Newspaper 5 May 23

Women should work smarter, says Tucci addressingIvowi, Hollard women

The power of entrepreneurship to reduce inequality in Ghana

By Eugene Davis Story on page 2

AGI boss calls for off-taker pricing in grains sector to curb price imbalances

By Eugene Davis

The President of Association of Ghana Industries (AGI), Dr. Humphrey Anim-Darke, has proposed to government to set an o -taker price for the grains sector in a bid to curb market in ltration, price imbalances and ensure a harmonized price market.

There is already a Grains and Legumes Development Board to produce and distribute good quality foundation seeds of cereals, legumes and vegetable seeds as well as vegetatively propagated planting materials of cassava, plantain, yam and citrus seedlings.

However, government plans to set up a Grains Development Authority (GDA) to further the development and regulation of the market for domestically produced grains and legumes. It is expected to be the panacea for the various identi ed bottlenecks associated with domestic grain and legume production, marketing, and trade.

His comments come on the back of the role of the MasterCard Foundation’s in the grains sector and according to Dr. Anim-Darke, guaranteeing an o -taker price will harmonise the raw material market and give room to the One District One Factory (1D1F) to buy at a harmonized price.

Speaking as one of the panelists on MTN Business Executive Series, he said “Our appeal is

that when you form a Grains Authority, you could guarantee an o -taker price for the grains product and also stops the market in ltration, price imbalances, undercutting as well as straightens the o -taker price.

“The farmer who is in the space of grains is also con dent that if I produce 12 acres at an o -taker price of GHc5, it harmonises the raw material market, and then gives room to the 1D1F to buy at a harmonized price.

So, we can step up the raw material base, that is one of the biggest challenges in the grains, and we can see that in the poultry industry and I believe we have all heard why the cost of feed is expensive, because we do not have a guaranteed price for maize.”

Further, he added that “If MasterCard Foundation with its muscle can in uence government and policy through the Agric Ministry to set o -taker price for grains, rice, sorghum, and that ecosystem is regulated in the o -taker price, you create storage facilities and farmers get comfortable, you need such a model so the regulator becomes dominant.

We expect further discussions with the new Agric Minister and government in that space to transform the sector of the agric value chain.”

Rosy Fynn, the Country Director of MasterCard Foundation, indi-

cated that 90percent of their work is in the agricultural space and they are focused on working to support smallholder farmers to essentially reduce the import bill that exist for food.

She added that the country’s agricultural practices have more room for improvement as it comes down to quality of seeds, when and how raw materials are stored, “there is so many things in the value change that require understanding and skill of our small holder farmers.”

The Mastercard Foundation and IDH last year announced the launch of an innovative partnership, dubbed Grains for Growth, to transform Ghana’s grains market.

The program aims to develop inclusive, and economically viable grain-supply chains that will o er employment and entrepreneurship opportunities, contribute to better incomes, and improve livelihoods of farmers, especially women and youth.

The CEO of Ghana Stock Exchange, Abena Amoah on her part urged businesses to take advantage of the stock market, disclosing that there is 35bn cedis pension funds available for investment.

This year’s Business Executive Series was on the theme “Building a Resilient Business in Challenging Economic Environment”.

Vodafone Red Room set to dazzle guests at the 24th VGMA

it the perfect backdrop for attendees to enjoy gourmet treats and creative cocktails.

In the Red Room, guests can enjoy the award ceremony proceedings on live TV screens while relaxing in an upscale yet cosy environment. The red-carpet tunnel will guide visitors into this exclusive space, where they will nd a myriad of options for their evening's entertainment.

The rst area, designed for those looking to dance the night away, will feature some of the country's top DJs. Guests can choose to lounge on sofas, mingle around table stands, or hit the dance oor, all while enjoying a variety of food and drink options.

Tullow Oil says it will continue to

This year's Vodafone Ghana Music Awards (VGMA) is set to outdo itself, promising music enthusiasts a phenomenal experience that could easily become the gold standard for awards events in the country.

As the 24th edition of the prestigious music awards unfolds this Saturday at the Grand Arena at the Accra International Confer-

ence Centre (AICC), insiders and industry pundits alike are already buzzing with anticipation.

But beyond the main event, Vodafone Ghana has curated an exclusive, unforgettable experience for its VIP clients and the general public: the Vodafone Red Room. Over the years, the Red Room has revolutionised the awards night in Ghana by o ering a behind-the-scenes glimpse into

a world of style, glamour, and nonstop entertainment. Returning to the awards this year, the Red Room will be nestled within the Grand Arena, extending a VIP passport to special guests for an evening brimming with excitement. Designed to emulate a luxurious retreat, the Red Room's chic interior and welcoming atmosphere will make

The next room o ers a more intimate lounge setting, with TV screens broadcasting the VGMA live just a few metres away. This space provides the perfect opportunity for networking and socialising over expertly crafted cocktails from the bar.

The Vodafone Red Room Experience is poised to become an exhilarating complement to the festivities at the Grand Arena, creating an unforgettable evening for music lovers and industry insiders alike.

Women should work smarter, says Tucci Ivowi, addressing Hollard women

The CEO and Founding Member of the Ghana Commodity Exchange, Tucci Ivowi, has charged female sta of the insurance group Hollard Ghana to stay focused to accomplish higher strides.

According to her, women must become experts in their industry

to advance to leadership positions. She urged them to deliver results because smart leaders want intelligent individuals on their teams. She believes that to change the narrative, we must embrace equity and seize opportunities to nd more fair solutions.

She addressed the Hollard Women High Tea, which was themed "Embrace Equity" to commemorate IWD 2023 at Tribeca, a restaurant in Accra.  In her view, women should always work SMARTER. They ought to develop a work ethic that makes them Sincere, Moti-

vated, Artistic, Resilient, Tough, Empathetic, and Respected. She underlined the need to adopt these professional principles to remain relevant and advance to the next prospect.

In her presentation, Tucci said:

1.“Don't focus on the ladder, or you are likely to fall. Focus on

achieving results, and that will elevate you”.

2.“Don’t let yourself down and blame others for not letting you reach your potential. Failure allows you to grow; embrace it”.

3.“Do not take an opportunity and squander it. This act a ects women; do not let your gender down”.

4.“To remain relevant, never stop developing yourself”.

5.“Marry a friend and a partner. Someone supportive of your career advancements”.

The speaker, Tucci Ivowi, was complimented by the host, Patience Akyianu, Group CEO of Hollard Ghana, for empowering Hollard women.

Sheila Wristberg, CEO of IRisk Management LTD, a guest, also, introduced Hollard Women to ‘Women Leadership in Insurance Africa'. It is a community for women Sheila founded in the insurance industry that provides support, advice, skills, and mentorship to enable women to excel. The day ended with great bonding activities like singing and dancing, accompanied by good food and music. Participants also had the opportunity to network

with the speaker and guests. The country’s favourite insurance group is Hollard Ghana, with subsidiaries Hollard Insurance and Hollard Life Assurance. The group combines its deep local knowledge of the market having previously operated in Ghana for 25 years as Metropolitan Insurance with the world-class expertise of an international insurance brand in 18 countries across the world. With feet rmly planted on Ghanaian soil but headquartered in South Africa, Hollard delivers innovative insurance solutions customized to the unique risks Ghanaians face. Hollard o ers various life and general insurance products including funeral, personal accident, motor, business, travel, home, and more; and can be reached via the following means: 0501603967 (Hollard Insurance) and 0501533698 (Hollard Life). Beyond various nationwide o ce branches and Hollard 2U franchise shops, Ghanaians can nd Hollard at Shell Fuel Station Welcome Shops, Melcom stores and online at www.hollard.com.gh and www.jumia.com.gh for all their insurance needs.

The power of entrepreneurship to reduce inequality in Ghana

In our experience, working with young African leaders and entrepreneurs for over a decade, we have learnt that with the right support and access to resources, young people have the potential to create jobs and income opportunities for themselves and others. We have debunked commonly accepted norms around entrepreneurship and job creation in Africa and modelled a perspective in the form of Very Young Entrepreneurs Scenario demonstrating that accelerating employment creation through economic growth is achievable through higher levels of education and investment in entrepreneurs of all ages - especially those between the ages 15 and 22 .

We have also theorised, based on research, country-speci c interventions that are applicable and contextually unique to local economies. In Ghana for example, using inferential descriptive analysis and an Exogenous Switching Treatment Regression (ESTER) model, we explored the impact of entrepreneurship on job creation for the youth and relevant indus-

By Didi Onwu, Managing Editor: Youth & Investors

tries capable to be mass jobs-generative.

Youth-owned companies in the country have demonstrated the unique capability to address socio-economic challenges and consumer needs while also responding to youth unemployment. Entities such as Ako Fresh, a food preservation company incorporated in Ghana by  22 year-old Mathias Charles Yabe, o er innovative award-winning  solar-powered cold storage and preservation services to help extend the shelf life of crops for up to 21 days in a bid to minimise post-harvest loss.

Having grown up in an environment prone to food insecurity and social injustice, Mathias established the company to not only mitigate these challenges but also to create jobs and income opportunities directly and indirectly. The company employs 20 people and serves an industry that employs thousands. And, combined with its ecommerce platform, the company plans to expand outside the

borders of Ghana in the coming years. Amo Fresh is, currently conducting market assessment in Burkina Faso as its rst potential country to branch into.

Our research analysis on Ghana’s economic environment focuses on youth employment and was conducted during the height of the COVID-19 pandemic. It discovered that most young people have focussed their interest towards businesses and innovative ideas at varying scales and in di erent sectors of the economy, ranging from agriculture and food processing to service provision.

Youth unemployment in Ghana has increased over the past two decades, despite the economic growth witnessed over the same period. The unemployment rate for those aged 15 to 24 years old in Ghana is estimated to be about 26%. Urban youth unemployment is particularly pronounced and severe, with rural-urban migration being a key factor.

To mitigate the crisis and its

accordant non-desirable outcomes, including poverty and inequality, the government of Ghana, NGOs and development partners have made several e orts, most of which are focused on promoting a shift from the conventional formal government provision of jobs, towards youth entrepreneurship.

The government introduced entrepreneurship studies across tertiary education institutions and  launched the National Entrepreneurship and Innovation Program (NEIP) as well as an entrepreneurship module under the Ghana Youth Employment Program (YEP). This is some evidence of the government's commitment to youth entrepreneurship. It has contributed to an enabling environment for young entrepreneurs to thrive, although at a slow pace.

In agreement with Oxfam International’s recommendation, the quality of education in Ghana must improve in order to close widening inequality. And the introduction of entrepreneurship education in tertiary institutions

is one right step in the right direction.

Over the last 20 years, Ghana has been somewhat successful in reducing poverty levels. Economic growth has been impressive, leading the country to become the second-largest economy in West Africa. However, increasing inequality is undermining strides in poverty reduction, holding back economic growth and threatening social stability.

We have a strong belief that entrepreneurship can certainly be a powerful tool to reduce high unemployment which in turn could decrease inequality levels. And, when combined with the right policies and innovation, entrepreneurship can have an impact on both joblessness and inequality.

It must be noted that the poten-

tial for entrepreneurship as a solution to ending unemployment is not instantaneous. The same is applicable to its potential  to reduce inequality. But, entrepreneurship in large industries such as in construction, transportation and utilities, nancial services, professional business sectors have the highest potential to absorb large populations of the unemployed and therefore to fasttrack the mandate to end unemployment.

Agriculture, energy and technology, if applied with strategic intent to be jobs-generative,have a similar potential to achieving this. In Ghana particularly, it is these sectors that could turn the situation into a positive one. This is what we understand from our research analysis of the country.

Government and policymakers have a responsibility to fashion a path for this to become a reality. At the core of this are mechanisms and policies to e ectively ease the provision of funding resources and credit facilities, entrepreneurship training and education as well as new innovative knowledge-based economic practices. These are key entrepreneurial recipes to halt unemployment in Ghana and to reduce the widening gap among the rich and the poor..

Ecobank’s ‘Double Salary Promo’ makes a return with exciting prizes

Ecobank Ghana PLC has relaunched its Double Salary Promo to cushion workers in the di cult economic times. The promo, which rewards salaried workers with twice their monthly pay when they receive their salaries through the bank, is set to run for the next three months, ending in June.

Dr. Edward Nartey Botchway, Executive Director and Head of Consumer Banking at Ecobank Ghana, o cially launched the promotion on behalf of the bank. Speaking at the event, he shared that the relaunch of the promo will come with more exciting prizes than the previous one. He said, “Last year we rewarded over 4,000 of our cherished customers with exciting prizes in the rst edition of the double salary promo. This year we are putting more smiles on more faces with even more amazing rewards

up for grabs. In this year’s promo, customers stand the chance to win double, triple, and even quadruple their salary back.”

“All you need to do is have a salary account with Ecobank. This is specially designed for employers and employees to make payments and receive salaries easily and conveniently. The wonderful thing about this salary account is that it is very convenient and has more bene ts that give customers more value for their money. Simply open an account from the comfort of your home on our digital platforms or walk into any of our branches nationwide and stand a chance of participating in this exciting promotion and be part of our lucky winners,” he added.

Dr. Botchway also warned customers to be careful and stay vigilant against the activities of fraudsters. He said, “I want to encourage you all to stay alert and be very

vigilant. Do not be deceived by any fraudster. Ecobank will not ask you for any personal details before you win any reward. We will also not require any form of payment before you receive your prize. The lucky winners will only see their cash rewards re ected in their bank account balance. Customers will only be contacted to be informed and congratulated on their prizes. Do not be deceived

by anyone. If you are uncertain about anything kindly visit any of our 68 branches across the country, call us, or visit our website.”

A representative from the National Lottery Association (NLA), Bernard Boamah, thanked the Ecobank for its partnership with the Caritas platform. He said, “When companies like Ecobank use the Caritas platform from the NLA, we are able to generate

proceeds for the Good Causes Foundation (GCF) which is used to develop various parts of the society. Therefore, indirectly with our partnership with Ecobank, we are touching lives across the country and we are grateful to them for their continued usage of the Caritas lottery platform. I encourage you all to be part of this so that you can enjoy all these wonderful life-changing rewards.”

The Ecobank Double Salary Promotion was launched in January 2022 as a way of rewarding the bank’s existing and new customers for their loyalty. The rst edition of the promo saw 240 customers win double the value of their pay cheques in all three draws. Aside the double salaries, there are several consolation prizes to be won throughout the promotion.

Czech - Ghana Health Care and Pharmaceutical Business Cooperation Seminar held in Accra

As part of activities to develop the bilateral relations between the Czech Republic and the Republic of Ghana, the Embassy of the Czech Republic in Ghana organised the Czech - Ghana Health Care and Pharmaceutical Business Cooperation Seminar on Tuesday 2nd May 2023 at the Movenpick Ambassador Hotel in Accra.

The event was organised in collaboration with the Ghana Chamber of Commerce and Industries, Association of Ghana Industries, Ghana National Chamber of Pharmacy, Health Care Federation Ghana and Ghana Investment Promotion Centre (GIPC).

The Seminar provided a platform for entrepreneurs and businesses from the Ghanaian Healthcare and Pharmaceutical sector to engage and explore collaborations with their counterparts from the Czech

Republic in attendance.

In his opening remarks, His Excellency Ján Füry, Ambassador of the Czech Republic in Ghana thanks all the participants for making time to attend the very important event, which seeks to take the cooperation between the two countries to another level especially for players within the Healthcare and Pharmaceutical sector. He went on to introduce His Excellency Vít Rakušan, the First Deputy Prime Minister of the Czech Republic.

On his part, H.E Vít Rakušan reiterated the strategic bilateral relations between Ghana and the Czech Republic over the years and highlighted pragmatic steps being taken by the Czech Republic to ensure the relationship between the two countries is deepened through various collaborations.

“Ghana is very important to the Czech Republic and we consider Ghana as a strategic partner across the West African sub region. Ghana is fast becoming a destination for Czech businesses and this is evident in our visit to Ghana and this morning’s event, which provides for a face-to-face meeting between o cials of the Czech companies we have here and their Ghanaian partners. We are looking forward to some great partnerships from this event”, he emphasised.

The Chief Executive O cer of the Ghana Investment Promotion Centre, Mr. Yo Grant thanked the Czech Government for choosing Ghana as an investment destination in Africa. He highlighted Ghana’s strong democratic credentials, and conducive business atmosphere, which has made the

country a safe haven for investors.

He further assured the Czech delegation that Ghana is open to welcoming investors from the Czech Republic to invest and do business in Ghana. He added that the government of Ghana through the GIPC would continue to work closely with the Czech Republic through high-level political and business fora to promote trade and investment between the two countries.

O cials of the Czech Health Care and Pharmaceutical companies that participated in the seminar included Royax Group, Comedeq, Linet, MZ Liberec, MB Pharma, Draslovka and the Association of manufacturers and suppliers of medical devices.

Huawei aims to use its “4T” technologies to enable an energy landscape transition

Huawei has successfully held the FusionSolar Forum 2023 at the sidelines of the Africa Solar Show 2023 last week in Johannesburg.

Industry associations, sector organisations, industry leaders and experts gathered to share industry trends and insights and presented innovative solutions and best practices which will contribute to the development of the industry on the continent.

Leo Chen, President of Huawei Sub Saharan Africa, said that the quest for global carbon neutrality, energy security, and commercial value are driving the rapid development of a new international energy industry.

The urgency of Africa’s own transition is being accelerated by

power shortages and rising energy prices. Leo Chen indicated that in facing these challenges, Huawei as a leading ICT company, can be part of the solution.

“With a heavy investment in R&D, we’ve developed the most comprehensive set of technologies in ICT, and this forms our unique advantage.”

He said that by integrating power electronic and digital technologies, Huawei’s ‘4T’ (WatT, HeaT, BatTery, and BiT) technologies, which refers to Huawei’s innovations in the eld of power electronics, thermal management, power storage, and Cloud and AI, can enable the traditional solar energy industry to be more e cient and more intelligent.

“The application of our “4T” technologies, will also e ectively accelerate Africa’s energy transition toward the direction of ‘4D’, which is Decarbonisation, Digitalisation, Decentralisation, and Democratisation,” he said.

Huawei’s full-scenario smart PV solutions not only can provide solutions to utility-scale large plants, but also to energy storage facilities, commercial and industrial (C&I) rooftops, residential rooftops, data centres, and smart microgrids in rural areas. By doing this, more exible energy generation solutions that are close to the point of use can be applied and the transmission and distribution setup can be mini-

mised, thus saving costs and losses. Through this approach, power consumers can be transformed into power producers, which helps to achieve better power resilience for users and the whole society.

South Africa’s Electricity Minister Dr. Kgosientso Ramakgopa gave a keynote address at the forum, and commended Huawei for the role it is playing in infrastructure development in Africa and in greening South Africa’s energy systems. “Huawei is brining technological advancements and innovations that help us keep pace with the developed and industrialised countries in the global north,” he said.

He indicated that his role as the electricity minister involves working with the private sector, including Huawei, to address the power de cit issue and boost a digital and sustainable future for South Africa.

He said, “The South African government is looking for blended nancial facilities for the funding of alternative energy installations, making it more accessible to more people. At the same time, the government will also broaden

the ow of participation by upskilling people in the technology of renewable energy systems.”

Chen Guoguang, President of Huawei Smart PV Product Line said that, with Huawei’s innovative solutions, it has achieved a very impressive carbon footprint globally. “By the end of 2022, Huawei Digital Power has helped our customers to o set 340 million tons of CO2 emissions, roughly the same as planting 470

million trees,” he said.John van Zuylen, CEO of AFSIA (Africa Solar Industry Association), presented on the rapid adoption of solar technologies on the African continent, where almost every country now has some solar capacity. With power storage options becoming more accessible and more a ordable, AFSIA predicts that Africa will soon outstrip other regions in its use of solar power supply. Huawei technologies currently powers 25% of the world’s PV capacity, and so the company is

well positioned to play a growing role on the continent.

In her presentation, CEO of the SAPVIA (The South African Photovoltaic Industry Association), Dr Rethabile Melamu, stressed the need to skill young South Africans to participate and take full advantage of the huge opportunities in this industry. “Huawei’s skills development initiative is incredible and we are partnering with them to make sure we get more young people skilled and accredited for the sector,” she said.

In addition, industry players also shared their experiences. For example, Bui Power Plant in Ghana shared the latest insights into PV and energy storage trends in their organisations and how Huawei technologies are contributing to their success.

In conclusion, Leo Chen expressed Huawei’s commitment to Africa. He said, working with various partners, “over the past two decades, Huawei has brought ubiquitous connectivity to Africa. In the next two decades, Huawei is aiming to bring ubiquitous green power to the continent.”

Xi Jinping sends greetings to working people nationwide ahead of Intl Workers' Day

Chinese President Xi Jinping on Sunday extended festive greetings and best wishes to the country's working people ahead of the International Workers' Day, which falls on May 1 annually.

Xi, also general secretary of the Communist Party of China (CPC)

Central Committee and chairman of the Central Military Commission, sent the greetings and wishes on behalf of the CPC Central Committee.

Xi called on the working people to foster an ethos of work, foster respect for model workers, and

promote quality workmanship. He encouraged them to work diligently and boldly engage in innovation to make solid progress in advancing Chinese modernization, and to play a leading role on the new journey to build China into a stronger country and realize national rejuvenation.

Xi also urged Party committees and governments at all levels to protect workers' legitimate rights and interests, earnestly help them solve their problems and di culties, and promote a social atmosphere in which work and the working people are treated with reverence and great respect.

Global Chamber of Business Leaders acknowledges World Press Freedom Day and highlights alignment with SDGs

media freedom is crucial for ensuring a free and open society.

Ensuring Legal Protection

Censorship of a speci cally chronic nature can never augur well for any entity or organisation at any level. That signi cantly includes media houses, whether they are print-oriented or within the electronic media categories.

Things have certainly changed from the Baby Boomer era, and as the world recognises World Press Freedom Day, we must acknowledge the vast number of platforms and forums by which the Press gains access to the public to share on topics from current a airs to entertainment, etc. in this 2023.

The Chairman of GCBL and members of Strategic Communications Team of the GCBL shared their insights on the importance of the 'freedom of the Press' movement and how they've found it to align with or in uence topics and matters regarding various Sustainable Development Goals.

Chairman, Dejan Stancer, shared a holistic and in-depth thread of thoughts on the subject. "On behalf of the Global Chamber of Business Leaders, I congratulate all media workers around the world on the occasion of World Press Freedom Day.

For us at the GCBL, protecting and promoting media freedom will always be of greatest priority, as well as raising concern whenever the same will be violated. Protecting and promoting media freedom requires a concerted e ort from governments, civil society, media outlets, and individual citizens. It is crucial that we work together in order to enjoy the privilege of having free media.

Unfortunately, media freedom is not always guaranteed, and many countries around the world struggle with censorship, restrictions on Press freedom, and harassment or imprisonment of journalists. Protecting and promoting

Governments should enact laws that protect press freedom and ensure that journalists are not prosecuted for doing their jobs. These laws should also safeguard the con dentiality of journalists' sources and protect them from harassment, intimidation, or physical harm.

Therefore, media outlets should operate independently from political in uence or commercial interests. Journalists should be free to report on issues of public interest and express their opinions without fear of retaliation. Governments should also refrain from using public funds or advertising to in uence media coverage.

It is also crucial to increase transparency and to demand that governments should be transparent in their dealings with the media and provide access to information that is in the public interest. This includes providing timely and accurate information, allowing journalists to cover public events and meetings, and facilitating access to public records.

Citizens should also be educated about the importance of media freedom and how to distinguish between credible and fake news. Media literacy programs should be integrated into school curriculums to promote critical thinking and enhance public awareness of media ethics. Promoting media literacy is of vital need.

We have to support international e orts as well. International organizations, such as the United Nations, should continue to promote media freedom and hold governments accountable for their actions that undermine Press freedom. Countries should also co-operate with one another to promote the free ow of information across borders.

At the end of the day, by addressing media freedom through these strategies, we can protect the vital role of the media in our societies and ensure that citizens have access to reliable information to make informed decisions."

GCBL Director For Communications, Nicole S. Farrell, opined, "It serves no purpose for the Press to be muzzled. To some extent, they are supposed to be the 'voice of the people' or at the very least, disseminate information responsibly; encourage thought-provoking conversations and discussions; share content that bears purpose. However, they should bear the burden of being responsible in their reporting and being held accountable by cross-sections of the public.

As an experienced media practitioner, I understand the power that the Press can have. The Press can shape perceptions, in uence patterns and ignite action. What with the Cancel Culture being rampantly active though, this also creates a need for operating to the highest degrees of truthfulness, decency and impartiality.

With speci c reference to the online media freedom surrounding the likes of podcasts, branding also becomes more critical as most cater more strategically for niche audiences. Many are more about sensationalism and creating controversy, and so, lines can become blurred as to what responsibility and the de nition of Press freedom looks like.

The media has been known to be a collective arena for education to be demonstrated as well. With the still relevant traditional media and the advent of online media, there has been various forms of educational content that were conceptualised and produced to appeal to wider audiences. The Sustainable Development Goal #4 refers to Quality Education, and it is hoped that media entities will become inclined or become further dedicated to embracing the notion of edifying and educating the masses without pushing sel sh, in uenced and/or selected agendas."

Gregor Kos, Head of the O ce at GCBL, added, "We too often think of Press freedom as something alienated from us. Something not being part of us. Of something somewhere there. Not here. How wrong are we? Since the human is not only a social being, it is more and more information being (received) and what de nes one most is the level of information one receives. It is what we see, hear, and read what determines

our thoughts. Our decisions. Our view on the world and what is happening in the world. Or simply in our neighborhood.

To those ends, one has to understand Press freedom as Mr. Dejan Stancer often presents it, as a fundamental humanity, not merely a human right. At the same time all occupied in the Press sector should never forget that no matter who is responsible for their salary, they serve the public interest and should never ever be tempted to serve individual/owner’s interest. Nor be part of a con ict of interest whatsoever."

Said Melvin Tarlue, GCBL's Senior Advisor for Media Relations, "It is imperative to have an increase in the number of countries, especially those in the developing world, promoting free speech by way of ensuring the protection/safety of journalists. Governments around the world must take steps to bring an end to impunity for attacks on journalists. It has to be pointed out that in Africa and other parts of the developing world, promoting a culture of free press can result in the promotion of economic development, less violent, stable and more democratic societies

It is worth noting that free press could be one of the tools used to achieve socio-economic development. Businesses that are keen on operating in a stable and democratic environment or nation in order to protect their investments, must take action(s) to help promote free speech. They (businesses) can do so through corporate social responsibility schemes by taking on individuals who abuse journalists in the line of their duties in Court. They can also provide nancial support to organizations that advocate for Press freedom and ght against abuse of journalists. Promoting free speech is critical in achieving the SDG 16, every nation and government must ensure the right to information is mandatory and enshrined in their constitution."

By and large, the media personnel around the world should be acknowledged and honoured for the fundamental role they play, especially when they operate with conscience, integrity and astute leadership.

Newmont Africa lauded for contributing to quality healthcare delivery

The District Health Director of the Birim North District in the Eastern Region, Ms Stella Konadu Owusu, has commended Newmont Africa for the consistent support towards healthcare delivery in the district. “Newmont Africa remains a reliable partner in providing quality healthcare for the people in the district and adjoining towns”, she stated.

Ms Owusu made the comments at a ceremony where o cials of Newmont Africa donated medical supplies and logistics to the Community-Based Health Planning and Services (CHPS) compound at Old Abirem in the Birim North District. The items were procured from the prize money presented to George Agblevor, a Global Technical Training Specialist at the company’s Akyem mine, for emerging as a nalist in the 2022 CEO Safety Leader Award.

The CEO Safety Leader Award was instituted in 2020 by New-

mont Corporation’s CEO, Tom Palmer, to celebrate safety excellence and encourage replication of best practices in Newmont’s operations around the world. The Award recognizes a frontline leader who has improved safety performance, managed wellbeing, and replicated leading practices across the business.

Finalists and ultimate winners are presented with prizes to support social interventions of their choosing. George agreed to use his GHS52,300 prize to procure much-needed medical supplies and logistics for the Old Abirem CHPS compound, stating “the facility needed all the help they can get to provide quality antenatal and neonatal care for pregnant women in the area.”

The items included thermometers, weighing scales, beds, chairs, a television set, a double door refrigerator, and waste bins, among others.

Addressing the traditional leaders and health o cials present at the venue, Derek Boateng, Senior Manager for Sustainability and External Relations at the Akyem Mine, said, “As a responsible mining business, we have exceptional safety leadership in all parts of our operations, and we continue to work with our stakeholders to achieve our vision of being fatality, injury and illness free.”

He added that, “At Newmont, our people are our most valued assets, and this extends to residents of our host communities. This is why we continue to invest heavily in healthcare delivery in our catchment area through our Foundation or directly through Newmont’s Global Covid 19 Fund and our partnership with Project CURE.”

Nana Otibo Boadze, Abirem Gyaasehene, who represented the Abiremhene, expressed appreciation to Newmont Africa

for the timely intervention. She con rmed that, over the years, the company had invested in healthcare directly and through the Newmont Akyem Development Foundation (NAkDeF). This, she stated, has been a game-changer in accessing quality healthcare in the area. “Newmont’s investments have transformed the Abirem Government Hospital and has enabled it to serve many communities in and around the district. We can only express our appreciation and ask for more collaboration in transforming the district,” she concluded.

As part of Newmont’s global strategy to support quality healthcare delivery in its operational areas, the company has partnered with a U.S. based non-governmental organisation, Project CURE to provide medical supplies periodically and free health screening every year to its host communities. The Birim North District continues to benet from this intervention.

Hollard Insurance is Most Broker Friendly and Supportive Insurer

Hollard Insurance has emerged the rst runner-up, Most Broker Friendly and Supportive Insurer as awarded by the Insurance Brokers Association of Ghana (IBAG) in Sunyani.

The Most Broker Friendly and Supportive Insurer Awards was the highlight of the 2023 IBAG Annual Conference & Exhibition held at Eusbett Hotel, Sunyani. Winners were recognised based on criteria such as turn-around time in reasonable quotes and terms; adequacy of commission paid; quality of underwriting and coverage granted; willingness to make concessions in claims settlement and how corporative they are with brokers.

Speaking on the recognition, Managing Director of Hollard Insurance a subsidiary of Hollard Ghana, Daniel Boi Addo,

expressed his appreciation to all brokers for the honour done to Hollard. He also thanked the Broker Team, headed by Maame Efua Sackitey-Williams, and all supporting teams for helping to build impactful relationships with brokers.

“At Hollard, we say ‘Long Live the Broker’ because we understand in a world of growing complexity, we need expert navigators who can point us in the right direction. We understand the unique role of brokers in enabling more people to create and secure a better future and our partnership with them aims to deliver a triple win for all. Thus, a win for the customer, the broker, and us”.

Over 200 participants attended the conference. They included Insurance and Reinsurance

Brokers, Insurance and Reinsurance companies, Insurance Regulator (NIC), and the press, among others.

The 2023 edition of the IBAG Educational Conference and Exhibition was organised to aid the continuing professional development that presents delegates with an opportunity to network and build relations, learn, and share best practices, innovative ideas, and strategies for the progress of the insurance industry.

About Hollard Insurance

The country’s favourite insurer Hollard Insurance combines its deep local knowledge of the market with the world-class expertise of an international insurance brand. With feet rmly planted on Ghanaian soil but headquartered in South Africa,

Hollard delivers innovative insurance solutions customized to the unique risks Ghanaians face. Hollard was previously Metropolitan Insurance which operated in Ghana for over 25 years. Hollard o ers various general insurance products including personal accident, motor, business, home, and more; and can be reached via the following means: 0501603967 (Hollard Insurance). Beyond various nationwide o ce branches and Hollard 2U franchise shops, Ghanaians can nd Hollard at Shell Fuel Station Welcome Shops, Melcom stores and online at www.hollard.com.gh and www.jumia.com.gh or through their brokers for all their insurance needs.

Insurance, your essential lifeline

For religious people like myself, a higher being is our dependable lifeline in any situation. However, my strong belief does not limit my faith in insurance as an essential lifeline. Permit me to tell you more from the perspec-

tive of a Christian working in insurance.

Why is Insurance a LIFELINE?  Insurance is the only thing that promises and gives sure support outside the promise of God

when the unexpected happens. While it does not promise a restoration of life when it is lost, it does promise bene ts to surviving children or family, support to the life when saved, and recovery of properties when lost. I

believe that buying an insurance cover for yourself, your family, business, and or private properties is not the absence of faith in God but rather an exhibition of the wisdom of God that he gives liberally to all who ask.  The frailty of man necessitates

the importance of making life decisions like taking an insurance cover to cushion us against the events that land us in a state of devastation. Family and friends may give us some support when the unforeseen happens, but for how long or to what extent? Well, we cannot tell.  Insurance, therefore, is the only thing that promises the extent of support to give when the unforeseen happens or when disasters strike, hence the surety to hang our hopes on and have that peace of mind.

What Areas Do I Need Insurance?

1.As a Person / Family

Life is full of risks and uncertainties. Hence, it would be best if you had insurance for yourself and the people you love against death, critical illness, permanent or temporary disability and loss of property through t res, oods, burglary, collapse, etc.

2.As a Business / Business Owner

The dream of every business owner is to see his investments do well. The main aim of any business is to be pro table as it grows. When an unfortunate incident happens, the future of the company gets shaken. Events like re outbreaks, oods, the collapse of a building, etc., can a ect busi-

ness growth. You could also lose your business due to professional negligence leading to a lawsuit liability, burglary, accidents leading to loss of life of an employee(s) or disablement, etc. These losses can a ect the owners' nances, leaving them with debts. Insurance is vital because it helps you get back to where you were before the incident.

3.Insurance Policy Types

There are numerous insurance policies in the Life and Non-Life insurance space for personal and commercial purposes. They cover all insurance needs, be it life, funeral, education, motor, travel, re, burglary, marine, workers compensation, professional indemnity, contractors all risks, and engineering risks.

To nd out what type of insurance package you need, speak to an expert today for the right cover for yourself or your business.

Remember, insurance is an essential lifeline like a life jacket worn while on a ship; you may need it for that support one day when the unexpected happens. Get insured irrespective of your faith and the slight discomfort it may give you through premium payments because life is full of risks and uncertainties.

Book on The Future of Work launched by Baptista Sarah Gebu

A new book outlining current trends and changes regarding the future of work was recently launched at Miklin Hotel in Accra at a very impressive event.

Dr. James Rajamani, the chairman for the occasion and Group Chief Executive O cer for Kingdom Exim Group of companies said “the future of work conversation must excite everyone”, he noted this book is very timely and a powerful piece to behold by all as put together by the author – Baptista S. Gebu.

The Special Guest of honour Mr. Victor Yaw Asante, C.E.O and M.D of FBN Bank who doubles as the District Governor for Rotary International District 9102 congratulated the author for putting together such a wonderful book.

He emphasized that indeed the future belongs to those who are ready and prepared for change. He encouraged all and sundry to get copies of the book to get abreast with the information contained in the book.

Dr. Welbeck, Hon. Peter Mensah –the DCE for Techiman North, Mr. Samuel Segbe a - Founder of Trans Africa College, District Gov-

ernor Nominee Designate Nana Yaa Siriboe of Morning Star School, Past Assistant Governor Fredi Asiedu, Mrs. Lucy Owusu –Darko former Deputy Country Representative of OIC International, Elder Wallace Danquah the District Elder for Tema North, Juliet Amoah the Country Director of EPL Ghana, some alumni of Methodist University, ASMMOSS, Rotarians, the business and diaspora communities as well as Civil Society Organizations were some of the dignitaries present.

The rst copy of the book was sold for GHC 10,000 which was purchased by the chairman of the occasion representing the Kingdom Exim Group of companies which is the leading West African based quality focused Agro products exporter and supplier with its head o ce in Tema-Ghana with other branches in Nigeria, Ivory Coast, Gambia, Senegal, Tanzania, Namibia, Togo and Benin.

The author of the book said, what motivated her to put together this book was the fact that many jobs are quickly becoming obsolete and the situation will get worst with the ever-increasing presence

of Arti cial Intelligence per research. This may lead to many losing their jobs and many more also being created for those ready for the right skill set.

Considering Ghana and by extension Africa is part of a global village and cannot be detached; it’s important to understand the up-and-coming changes and adapt as everyone needs an informed understanding on what individuals, businesses, governments and other organizations need to know about how work, the workforce and the workplace is ever-changing, and how we can prepare for those changes, make decisions that will enable our organizations to thrive today while we prepare for the future.

The book forward was provided by notable professionals including but not limited to Dr. Stella Agyenim Boateng of VRA, Daniel Domelevo former auditor general of Ghana now with the Global Fund, Kojo Amissah –godfather of HR in Ghana, Senyo Adjabeng, Dr. Bernice Welbeck of the Ghana Labour Commission, Eng. Abir Leheta –Forbes magazine’s 100 powerful business women in the Middle East recognized in 2020

and 2023, DG Victor Yaw Asante of FNB Bank Ghana, Dr. Barada of Sri Sri University, Dr. Yousrey El-Sharkawi the Chairman of the Egyptian African Business Association, Mawuli Zogbenu of the Ghana Insurance Commission and author of the useless column among others.

Copies of the book can be acquired by contacting the author, on amazon and other portals. All request should be sent to bap.tista@outlook.com

/WhatsApp |Telegram |SMS to +243 -213 -313 / +262-213-313 or via social media @Sarahtistagh for Facebook and Instagram, @Sarahtista for Twitter and Baptista S. Gebu on LinkedIn.

The author of the Book is the Chief Executive O cer of FoReal HR Services, and also authors the future of work capsules, the Africa We Want Series with Baptista as well as the Giving Capsules. She is the District Chair for Rotary International District 9102 Vocational Training Teams, and represents Women in Rotary International in country as the Ghana Coordinator. Baptista is the Ghana Representative for the Egyptian African Business Association. She is a Hybrid professional, a researcher, proli c

writer with several publications to her credit, an in uencer, public speaker and skilled Human Resources professional with a broad generalist background. She is a member of the Society for Human Resource Management (SHRM) and a Volunteer for the SHRM Ghana Forum as well as the YALI Network.

Fusing environmental, social and governance (ESG) principles into the Ghanaian banking industry and payments ecosystem

The United Nations General Assembly in September 2015 came up with a set of 17 Sustainable Development Goals (SDG’s) which each UN member nation was to attain by the year 2030. Seven (7) years to the proposed attainment date, it is important to take stock of the various inroads made towards these goals and look to resolving the issues that have prevented nations from attaining these goals.

The SDG’s to be focused on for the purposes of this article are Goal 6:

Clean water and sanitation, Goal 8: decent work and Economic Growth, Goal 13: Climate Action, Goal 15: Life on Land, and Goal 16: Peace, Justice, and Strong Institutions. These goals collectively have formed the basis of what is known as the ESG’s.

The term ‘ESG’ refers to a set of environmental, social, and governance concerns in an economy. It characterizes the risks and prospects which may in uence an organization’s capability to set up long-term goals, including but not

limited to the following: climate change and resource scarcity, data security and compliance, board diversity, executive pay, and tax transparency, as well as social impacts.

For investors, ESG is the act of nancing businesses that show a positive impact on the environment, back their stakeholders, and show ethical leadership and good governance. Incorporating ESG into organizations is the practice of including ESG concerns in decision-making, risk frame-

works, corporate practices, and governance.

Incorporating ESG into mainstream banking is becoming integral in assessing the performance of banks; not just in meeting compliance requirements, but for investors and Foreign Direct Investment (FDI) prospects within the banking sector. There has been a signi cant advancement in embracing the Principles of Responsible Investment cosigners – which rose from 250 in 2006 to almost 4,000 assets in 2021, with

an overall volume of approximately US$120 trillion under the Principles of Responsible Investment Management.

ESG initiatives o er numerous bene ts to banking Institutions and the payments industry, which comprises of reduced costs, nancial inclusion due to social focus, positive stakeholder impact, and sustainable economies and value creation. Realizing the value of ESG, several Financial Institutions have assertively began concentrating on incorporating these principles. Consequently, the move from ESG being just a slogan to its real application in global organizations is evident.

Attaining the 2030 Agenda for the 17 Sustainable Development Goals is a global responsibility, more especially for the banking and payments sector as key advocates to inclusive economic growth. The nancial sector as an enabler of economic growth will need to relook at how they fund economies to ensure that strong emphasis is placed on Environmental, Social and Governance (ESG) vulnerabilities. ESG has become a very critical means to evaluate performance in the nancial sector.

Overall, given how closely related ESG issues are to the payments industry, it is only likely that a compelling ESG development could add value to this industry in the future.

ESG FROM A PAYMENT’S PERSPECTIVE

Having looked at the basic concept of ESG and its importance for the entire economy, let us now focus on how ESG connects with the payments industry.

The Environmental principle shows how an organization relates with the impacts of the physical environment. The Environmental part of ESG is an important feature in the banking and payments ecosystem. To integrate this in the industry’s operations, payment organizations, and banks have introduced several initiatives.

Banks and technology partners are repurposing the overall banking service abilities to enhance their nancial wellness aims and ESG impact. The consumer units in various global banks have introduced other Application Programming Interfaces (APIs) to work together with external partners who have committed to designing new green products and

increasing customer awareness about the environmental e ects of the transactions they perform.

For instance, Encountabl is a US-based FinTech which has developed a solution that enables banks and Financial Institutions to o er transaction-based impact calculations to customers, using merchant category codes or invoices. This technology is available through one of the largest cloud service providers as a straightforward API that organizations can integrate into their digital banking and payment services to provide customers with useful information directly. Also, Aspiration Bank which is based in the US with the help of a third party has been able to develop a payment processor which has integrated ESG criteria into their payment processing systems. They can use the transaction data to identify companies that have strong ESG performance and prioritize those transactions.

Further, banks and the players in the payments industry can o er sustainable payment options to their customers, such as payment methods that support renewable energy or carbon o sets. This can encourage customers to make more sustainable choices and help reduce the carbon footprint of payment processes.

Implementing eco-friendly materials for payment products is another way banks can fuse ESG into their operations. Lately, banks are progressively switching to green energy providers and vendors for low-energy lights in o ces, ATMs, etc. One of the best examples is that of plastic cards which have a weighty carbon footprint. To decrease this, eco-friendly credit cards are being introduced and circulated to o set the plastic ones. These days, many issuing banks have switched to biodegradable plastic cards. These are the perfect replace-

population to access digital payments services. In Ghana, almost every bank has launched the USSD versions of their mobile app with the help of the telcos to o er banking services to people who don’t have access to smartphones. For instance, Ecobank Ghana PLC has introduced *770# for its customers to access mobile nancial services on their feature phones. Again, many banks in Ghana are serving the unbanked and underbanked population by o ering them with the agency banking solution.

ments for traditional plastic cards as they are easily recyclable, chlorine-free, and nontoxic when burnt. Apart from promoting the use of biodegradable cards, nancial institutions, are also enabling and encouraging customers to explore and make other eco-friendly and digital choices. Some of these initiatives include transacting with digital branches and making paperless payments.

The Social principle shows an organization’s relationships with, and its reputation among, individuals and institutions in the communities in which it performs business activities. This aspect is very material in the banking industry and the payments ecosystem. It includes labor relations, diversity, human capital development, labor and management, working practices and conditions, health and safety, supply chain standards, and equal opportunity initiatives.

Over the past twenty years, the scope of the social part of the ESGs have gradually expanded, re ecting the changing business environment of the contemporary world where markets and businesses are becoming more integrated and interdependent. The banking sector and payments industry are tackling the social aspect through several actions for stakeholders. Some of these initiatives, being undertaken on the behalf of the stakeholders, have been emphasized below.

(i)

Financial inclusion

The banking sector and the payments industry are implementing many initiatives for the nancial inclusion of the marginalized sections of society in Ghana. O ine payment is an initiative that banks are using to bridge the nancial inclusion gap. In areas with a lack of or no connectivity or internet access, o ine payments options help the underserved and unbanked

(ii)

Financial literacy initiatives

The intention of these initiatives is to raise awareness about nancial services and products, help customers make well-informed nancial decisions, adopt digital modes, and protect their rights.

For instance, Ecobank Ghana PLC as part of its Ecobank Day celebration in 2022 with support from the Ecobank Foundation launched a campaign which had a focus on promoting nancial inclusion and nancial literacy, especially amongst women and youth in marginalized communities.

(iii) People development

Banks have been putting more e ort into bringing about change within their organizations by supporting their sta , running best-in-class training, creating employee engagement programs, improving workplace diversity, and introducing numerous digital upskilling and learning and development programs for employees. Some banks in Ghana have several courses in a catalogue which they require their employees to undertake monthly and are attached to their KPIs.

The Governance principle, which covers the internal system of rules, controls and processes adopted by businesses to govern themselves, make e ective legal decisions and ful l the needs of stakeholders. These stakeholders comprise of the board of directors, senior management, employees, shareholders, customers, and the Regulator. Governance is a signi cant and essential parameter for any bank with a legal status. Business ethics, tax transparency, CEO compensation, shareholder democracy, and board diversity and structure are some examples of governance considerations. Understanding this facet of ESG is important because governance risks will likely grow with the ever-changing social, political, and cultural landscape.

Banks and payments rms need to guarantee that all business decisions are made ethically and in compliance with the de ned rules and regulations by the Government. The focus of corporate governance is to assist with the development of the climate of trust, accountability and transparency required for promoting long-term investment, nancial stability and enabling societies with better growth.

One of the key initiatives being undertaken by banks in regard is the linking of employee payouts to ESG goals. ESG is progressively being implemented by various banks and rms in the payment industry as a new criterion in the CEO variable pay and incorporated into the top management’s key performance indicators (KPIs).

HSBC, Barclays, ING, NatWest, Société General, and Westpac which are leading banks in the banking industry globally, have initiated linking incentive compensation for senior managers to various ESG priorities such as gender pay parity, nancial inclusion, and carbon neutrality. They have also linked the bonus calculations for every employee to various ESG goals set.

In addition, ESG data is being released through ESG reporting. Banks in Ghana can start publishing a separate ESG report along with their annual reports, and that are completely compliant with the Bank of Ghana’s Sustainable Banking Reporting requirements. These ESG reports are aimed at raising awareness about the bank’s ESG initiatives, improving investor transparency, and encouraging other organizations to adopt and incorporate ESG programs into their business

operations.

BENEFITS OF ESG TO BANKS AND PAYMENTS INDUSTRY

(i) Reduced costs. Banks, nancial institutions, and other players in the payments industry can cut down on operational costs due to their adoption of environment-friendly and digital alternatives. ESG reduces costs for banks by including numerous measures like cutting back on paper use, recycling, switching to low-energy options and using eco-friendly raw materials for their products. For instance, digital payments technologies reduce the need for paper money. ATMs, which use resources such as electricity and paper, now provide an alternative in the form of mobile applications that do not require paper. Also, they are increasingly opting for e-messages/SMSs rather than o ering paper receipts, further reducing paper use.

(ii) Risk management

Banks are increasingly recognizing that ESG factors can have a signi cant impact on their risk pro le. For example, environmental risks such as climate change can pose a signi cant nancial risk to organizations that are not prepared. By considering ESG factors in their lending and investment decisions, banks can better manage these risks and protect their own nancial stability.

(iii) Reputation

Banks are often under scrutiny from stakeholders such as customers, regulators, and investors. By incorporating ESG considerations into their business practices, banks can enhance their reputation and demonstrate their commitment to social responsibility.

(iiii) Innovation

Banks that integrate ESG considerations into their business models can create opportunities for innovation and new business models. For example, by o ering green nancial products and services, banks can tap into the growing demand for environmentally sustainable options and potentially gain a competitive advantage in the industry.

(v) Regulatory compliance

ESG considerations are increasingly being integrated into regulatory frameworks, and banks that do not take these factors into account may face legal and regulatory risks. By proactively addressing ESG issues, banks can ensure compliance with current and future regulations.

CONCLUSION

Given the growing focus on ESG initiatives within organizations –driven largely by consumers, investors, and regulators alike –it is no longer an option but an important consideration for the banking sector and payments industry. Customers are consciously demanding eco-friendly nancial products, regulators are becoming strict

about the implementation of ESG practices, and investors are de ning the ESG principles as an important component of an organization’s market positioning and brand image.

Considering this, banks need to take a practical approach towards integrating ESG in their operations. As a next step, banks should develop long-term and short-term strategies to adopt ESG initiatives as well as to monitor ESG compliance. It is also vital for the top management at banks to provide adequate resources to drive ESG-speci c initiatives. De ning and targeting immediate ESG initiatives and tracking them until successful accomplishment along with timely reporting are all crucial components of this endeavor. Overall, de ning the roadmap towards being ESG compliant and proactively taking necessary actions will go a long way for the banking sector and payments industry at large.

Having said that, incorporating ESG principles may seem like an additional nancial and operational burden for some banks and payment rms. However, if entrenched correctly in a company’s culture and business model, it can be an opportunity for the organization to expand shareholder value, along with improving its brand image. Moreover, such a change would make it a part of an exclusive group that supports ESG in the competitive global market. ESG focused nancial organizations have the potential to achieve rapid growth, deliver ESG-focused innovation and attract new customers and investors

UENR Valedictorian receives the Hollard prize at graduation ceremony

Insurance group Hollard Ghana has rewarded the overall best-graduating student, Seidu Joshua Adams from the University of Energy and Natural Resources (UENR), with the Hollard Prize at the school’s just-ended 7th congregation in Sunyani.

Seidu Joshua Adams, the recipient of the prize, received a laptop, a cash prize, and a citation from Hollard for graduating with a GPA of 3.78 in Actuarial Science from the Department of Mathematics.

The Hollard Prize is awarded under the school’s Hollard X Academia partnership with the insurance group to enable the

EDITOR: BENSON AFFUL editor@business24

better futures of students by supporting their career development.

The Presentation Reese Mensah-Daniels, Head, Regional Operations and Regional Markets, gave the presentation with assistance from Eric Adu-Gyam , Manager of the Hollard Insurance Sunyani branch, and Prof. Samuel Fosu Gyasi, Dean of the School of Sciences.

Speaking on the Hollard Prize, which is awarded to valedictorians in Hollard x Academia partner schools, Cynthia Ofori-Dwumfuo, Group Head of Marketing and Corporate A airs, said the

scheme aligns to the insurance giant’s purpose to enable more people to create and secure a better future, starting with young people.

"We are super proud of Joshua for chalking this great feat. We share in his joy at emerging the best student in his year group after steady academic progress. With the Hollard Prize, we reward top-performing students like Joshua because it’s important to show that hard work pays.”

"Hollard is a caring socially conscious company that believes in enabling our community to create a better future for all. Given

PUBLISHED BY BUSINESS24 LTD.

the importance of universities in building our human resource capacity, including future insurers, we nd it crucial to support their work,” she added.

The University of Energy and Natural Resources is one of four schools bene ting from the Hollard X Academia scheme. The comprehensive programme provides a platform to enable the better future of students through Hollard’s Streetwise Finance initiative, mentoring, corporate engagement, and experience opportunities, as well as resource-sharing programmes for three years, subject to renewal.