Caroline Esinam Adzogble has welcomed the first Ghanaian based University to her Caroline Excellence Awards. Webster University Ghana, one of the nation’s top universities has just been announced as the first and only Ghanaian based university to join the Caroline Excellence Awards scheme for the 2018/19 phase. Webster is an American University with a campus branch in Ghana and joins the likes of The American University of Malta, Brunel University, National College of Ireland, Middlesex University and the University of Nicosia. This bring to 120 the total number of students to receive the Scholarship under the Excellence Awards.
The Caroline Excellence Awards, according to a press statement, is committed to awarding $1M worth of partial and full scholarships to 100 brilliant but needy African students each year. The Awards scheme is an initiative of Ms. Caroline Esinam Adzogble under her Mercy Heart Foundation.
The Caroline Excellence Awards will be awarded to meritorious students in Africa who have demonstrated a strong academic track record but have no financial backing to further their education at tertiary level.
Scholarships can be redeemed for Spring, Summer and Fall enrollment seasons each year and are open to final year Senior High School students and high school graduates only.
Although students from all African countries can apply, priority will be given to Students based in Ghana, Nigeria, Kenya, Tanzania, Uganda, Rwanda, Ethiopia, Zimbabwe, Senegal and Togo.
Applications are open from now till December 20th, and can only be submitted through the “Admission in 30minutes” App available on the Google Play Store and Apple App Store or through the website at https://admissionin30minutes.com/caroline-excellence-awards
Winners will be announced on January 13, 2019, and Caroline will embark on a tour commencing on January 21, 2019, to award all 100 recipients in their various countries. However early decisions will be made and winners announced for entries available for the Spring opening.
“I am extremely excited to have Webster join our distinguished list of Partners who are committed to seeing equitable distribution of quality education across the continent. The last one week has seen over 2000 applicants and that really excites us. We strongly believe that the addition of Webster will go a long way to prove our dedication to our cause and our believe in institutions on the continent as well. I am still on the quest to uplift education in Africa” an excited Caroline remarked.
SSNIT Calls For A Review Of Contribution Rate.
The Social Security and National Insurance Trust (SSNIT) has called for a review of the contribution rate of workers to enable it to sustain the pension scheme and to pay workers higher pensions.
Currently, the contribution rate is 11 per cent of basic salary but SSNIT wants it reviewed to 19.2 per cent.
At the Volta Regional forum in Ho to discuss issues related to pensions, benefit computation, among others, the Director-General of SSNIT, Dr John Ofori-Tenkorang, said there was the need for a discussion on what the correct funding rate should be for the scheme.
The forum was organised by the Trade Union Congress (TUC) in collaboration with SSNIT.
Participants were taken through practical details of how to estimate their pensions.
Dr Ofori-Tenkorang said the benefits that pensioners received as compared to the contributions they make showed that there was a chance that SSNIT might not be able to meet its obligations in the future especially when more and more pensioners come on board.
“We have had external actuaries who come and look at our scheme every three years and some of their suggestions they have been making is that we should come up with an appropriate funding rate to sustain the scheme,” he said.
The time, he said, had come for the country to build a robust and sustainable scheme that would still be there for generations to come.
Responding to claims that SSNIT pensions were low, Dr Tenkorang debunked such claims, stating that there were no myths surrounding benefit computation and that pensions were “a direct reflection of salaries of workers on which they contribute”.
He described SSNIT as a “generous scheme”, explaining that the lowest paid pensioner earns more than a lowest paid worker in active service despite meagre contributions.
According to him, the system put in place did not create the opportunity for SSNIT workers to steal people’s pensions and in a situation whereby there was a wrong computation of benefits, it could be easily rectified.
“SSNIT does not cheat workers. I can’t cheat you; SSNIT workers cannot cheat you too. If they don’t even pay you the right amount, they can’t put that money in the pocket because wrong computation can easily be corrected,” he told members of labour groups and workers at the forum.
The SSNIT boss mentioned that SSNIT had embarked on an aggressive public education agenda to promote knowledge of the scheme among others and for that matter has rolled out the second phase of infoshop in five universities to empower next generation of workers on their right to the scheme.
The Deputy Secretary General of TUC, Mr Joshua Ansah, said pensions had been a major concern for workers in Ghana and that was why they felt it necessary to bring the top hierarchy of SSNIT to address the concerns for workers.
He urged workers to take an active interest in their social security and retirement planning.
Source: Citi Business News
Ghana Leads Africa In Gold Production
South Africa’s struggling gold industry has suffered yet another humiliation, losing its status as continental leader to Ghana.
The country that led global gold production for a century and extracted about half the bullion mined to date is now Africa’s second-largest gold producer. Output is shrinking as operators capitulate to stubbornly high costs, regular strikes and the geological challenges of tapping the world’s deepest mines.
Meanwhile Ghana, a country whose gold-mining industry dates back to the 19th century, is benefiting from lower-cost mines, friendlier policies and new development projects.
South African industry stalwarts AngloGold Ashanti Ltd. and Gold Fields Ltd. are shifting their focus to other countries — including Ghana — where deposits are cheaper and easier to mine. The largest remaining gold miner in South Africa, Sibanye Gold Ltd., is cutting thousands of jobs and diversifying into platinum-group metals as it struggles to contain costs.
The difficulties facing South African gold mines mean output is contracting even though it’s got the world’s second-largest reserves of the metal, according to estimates from the U.S. Geological Survey.
In Ghana, gold output jumped 12% in 2018, according to data from the country’s Chamber of Mines. Small producers account for the largest share of the total, although the nation also hosts some of the world’s biggest gold miners, including No. 1 producer Newmont Goldcorp Corp. While Newmont is exploring in Ethiopia, Ghana is the only place in Africa where it operates.
“It’s an important part of our portfolio and, geologically we see really good potential to continue to expand,” Chief Executive Officer Gary Goldberg said in an interview. “We’re very happy operating in Ghana.”
The West African nation’s output will get a further boost when AngloGold Ashanti’s Obuasi operation, previously overrun by illegal miners, restarts later this year. Production from Obuasi is forecast at 350,000 to 450,000 ounces of gold annually during the first 10 years.
The Obuasi operation “will be an engine for growth” for AngloGold, CEO Kelvin Dushnisky said in September. The company is investing as much as $500 million to revive the mine.
Gold Fields, which has operated in Ghana for 26 years, says authorities there understand what makes for a “sound” business environment. The country cut corporate taxes in 2016 and in 2017 changed Gold Fields’ mineral royalty to a sliding scale based on the gold price, from a 5% flat rate.
“The government of Ghana’s 10% free-carry stake in all mining companies provides a level of security to the investment,” said Sven Lunsche, spokesman for Gold Fields.
Back in South Africa, a dearth of exploration and investment means the sector that once powered Africa’s most-industrialized economy will continue to shrink, said Mineral Resources and Energy Minister Gwede Mantashe. As South Africa’s 130-year-old industry limps toward its final years, mining investors must look beyond gold for better returns, he said.
“Gold is an old sector and naturally it will decline,” Mantashe said. “New minerals that are discovered are becoming more important.”
Kasapreko Donates To Chief Imam To Mark EID-UI-FITR
Ghana's leading and most successful beverage company, Kasapreko Company Limited has donated one of it’s latest innovations, Smart Choice flavoured water and other brands including Awake Purified Drinking Water, Storm Energy drink, Chocomalt, Kiddy Pack drinks to the National Chief Imam, Sheikh Dr. Usamanu Nuhu Sharabutu to mark this year’s Eid-UI-Fitr.
Presenting the donation at the office of the National Chief Imam in Accra, Mr. Chris Addo – Sarkodie, Marketing Manager at Kasapreko said the donation was in line with their social responsibility and given the reverence and stature of the National Chief Iman, the company felt it proper to undertake this exercise.
He also maintained that they look forward to stronger relationship with the Office of the Chief Iman in the ensuing years.
National Chief Imam Sheik Dr. Osmanu Nuhu Sharubutu applauded Kasapreko company Limited for the kind gesture and used the opportunity to pray for the entire nation – appealing to Muslims to bridge the gap between the rich and poor by way of giving to the needy and less privileged in the society and the Muslim community.
Sheikh Aremeyaw Shaibu (Spokesperson for the National Chief Imam), who received the donation expressed appreciation for the kind gesture.
Chief Imam ended the ceremony with a prayer that Allah blesses the company in all its endeavours.
Kasapreko Wins Most Admired Brand In Africa
Kasapreko company limited, one of the leading and most successful beverage producing company in Ghana emerged among the Top 25 most admired brands in Africa. This was announced at the 7th annual Brand Africa report in Belgium on the 24th May 2019.
Kasapreko company limited is the only Ghanaian business that made it to the top 25 most admired brands in Africa, according to the report unveiled by Johannesburg Stock Exchange (JSE) in partnership with Geopoll , Kantar, Brand Leadership and Africa Business Magazine.
Brand Africa 100 is a Pan Africa survey and ranking of Africa’s best brand developed by Brand Leadership. The rankings are based on comprehensive survey by Geopoll, a global leader in providing high quality market research in emerging markets and strategies analysis weighted by consumer admiration and Kantar, the world leading Data, Insight and consulting firm.
Kasapreko Company Limited beats brands such as Amarula, Jumia , Kenya Airways, Ethiopian Airlines, Star Beer, Kwese among others in the categories of Alcoholic Beverages, Retail, Aviation, Food , Media and Personal Care.
Commenting on the award, Mr. Richard Adjei, Managing Director of Kasapreko said, This honour is dedicated to the hard working staff of the company, Key distributors and partners for their continues support and growth to the organisation.
He also thanked the customers and consumers of kasapreko brands on the continent which has seen the company been ranked as the most indigenous Ghana beverage provider in Africa.
Mr. Gerald Bonsu, the commercial Director also added that the company’s brand portfolio holds the most loved brands such as Alomo Bitters, Storm Energy Drink, Awake Purified Drinking Waater , K20 Whiskey, sold in the world.
Mr. Bonsu assured that the Flagship brand of the product of KCL , Alomo Bitters is in its 20th Anniversary. Alomo Bitters which is a scientifically formulated herbal alcoholic beverage has met all international students selling in many countries across the world.
Kasapreko Company limited is a multi National total beverage company having with product line categories such as Water, Wine, Cuder, Liquor and whiskey.
The company has bagged several awards including West Africa Business Excellence Awards, Export Manufacturing company of the year, Alcoholic Bitter of the year (Alomo Bitters, Manufacturer of the year (Kasaperko Company Limited) , Best Local Tax Compliance Company of the Year by Ghana Revenue Authority, ISO Certified Company and Ghana Club 100 among others …
‘Peace Smokers’, Stonebwoy and Shatta Wale to Return to Court on July 15.
Joe Mettle to Lead the Saints through the ”Wind of Revival” Concert.
OFFICIAL: Atletico sign Marcos Llorente from Real Madrid on a 5-year deal.
11 Impressive Health Benefits of Soursop
The Best Ways To Lose Weight And Keep It Off, According To Science.
THE YCEO: Stonebwoy, And Others Make 2019 Top 50 Young CEOs in Ghana List.
Feature3 days ago
Visual Artist Prince Gyasi Speaks At The Skoll World Forum In Oxford University — WATCH
Latest News22 hours ago
NEW RELEASE: Lynx Signees Link To Welcome ”Ohemaa”.
Tech3 days ago
Techbit Inc Releases 4th Issue of Techpreneur Mag.
Tech3 days ago
Samsung’s Security Reminder Makes The Case For Not Owning A Samsung Smart TV.