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GIPC, Malta Enterprise Sign MOU To Boost Trade and Investments.

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The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Malta Enterprise, Malta’s economic development agency, tasked with attracting new foreign direct investment as well as facilitating the growth of existing operations.

The MoU empowers both parties to set up a strategic think-tank composed of officers from both agencies and partnered stakeholders who will devise a three-year strategy covering areas of mutual interest.

The Chief Executive Officer of GIPC, Mr. Yofi Grant, signed on behalf of GIPC while Mr. Micheal Grech, the Director of Malta Enterprise, signed on behalf of his agency.

Mr. Yofi Grant (right),Chief Executive Officer of GIPC exchanging the agreement with Mr. Micheal Grech, the Director of Malta Enterprise.

Under the MoU, GIPC and Malta Enterprise will collaborate in setting up information-sharing mechanisms by regularly exchanging information on economic and trade updates, laws and regulations, policy measures, industrial standards and trends, market analysis reports, exhibitions and forums, trade leads as well as investment projects in Ghana and Malta.

They will also organise business delegations related to trade and investment in the country of either party as well as support or assist visiting business delegations organised by the other party.

Both parties have agreed to co-host various events including economic and trade policy dialogues between government agencies and business delegations in both countries among others.

The signing of the MoU comes following the recent State visit to Malta on March 26, 2019, by President Nana Addo Dankwa Akufo-Addo, where he held bilateral talks with his Maltese counterpart at the time, Her Excellency Marie-Louise Coleiro Preca.

The Maltese President was one of the first foreign leaders to pay an official visit to Ghana, under the current government administration on July 26, 2017.

During his visit, President Akufo-Addo urged Maltese companies to take advantage of the new impetus given to Ghana-Malta relations by the reciprocal visits and invest in Ghana.

This clarion call saw a high-level Maltese business delegation visit the country from 23rd to 27th June 2019, to explore business and investment opportunities in Ghana.

The delegation included the Coordinator of Business Development of Malta Enterprise, Mr. Cain Grech; the Chief Executive Officer of Trade Malta, Mr. Anton Buttigieg; the Maltese Ambassador to African Union, Mr. Ronald Micallef; the Director, Scientific and Regulatory Operations of the

Medicines Authority of Malta, Mr. Annalise Attard; and the Head of Transport Operations of Transport Malta, Mr. Mark Caruana Arena. The delegation was led by the Maltese High Commissioner to Ghana, Mr. Jean Claude Galea Mallia.

The visiting delegation met with various government ministries, agencies and departments as well as Ghanaian private sector to explore opportunities for cooperation in trade and investments.

Highlighting some of the reasons for the visit, Mr. Mallia said the relationship between Ghana and Malta had transformed amicably with the signing of bilateral treaties including a Double Taxation Agreement (DTA) to improve trade and investment between the two countries.

He said the Maltese government also considered Ghana as a strategic partner in Africa especially at the time where Ghana was pushing to export more than import.

He also mentioned that Malta intended to collaborate with Ghana in the areas of transportation, education, trade, health among other sectors, adding, “We are not here for exploratory reasons, we are here to get things done.”

The Chief Executive Officer of GIPC, Mr. Yofi Grant, welcomed the proposed projects discussed with the delegation, adding that Ghana was open to finding strategic partners and investors to grow its economy and for mutual benefit.

“Our country is located in the centre of the world, which gives you easy access to other African markets including ECOWAS. We are a politically stable country, and take great pride in being the most peaceful within the West African sub-region,” Mr. Grant said.

Source: GNA

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AirtelTigo Launches Discount Offer For Hajj Pilgrims.

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Telecom operator, AirtelTigo, has launched a discounted offer for its new and existing pre-paid customers travelling to Saudi Arabia for this year’s Hajj pilgrimage, aimed to enable them stay in touch with family and friends.
Under the “Hajj Offer”, customers will enjoy free incoming calls and discounted rates on voice, SMS and data for browsing the internet when they subscribe the offer.

Announcing the offer in Accra, the Director of Marketing Operations at AirtelTigo, Pius Owusu-Tuffour, said customers will have to recharge their account with a scratch card or AirtelTigo Money (ATM) with GHS50 or GHS100.

He explained that customers can sign-up by dialling 1115*3# to enjoy the offer which is valid for 30-days, adding that pilgrims can subscribe to this offer either in Ghana before travelling for the Hajj or in Saudi Arabia while roaming on Zain or STC networks.

“Our goal has always been to serve our customers better with valuable offerings and make their lives simple. Our pre-paid customers on the holy journey to perform Hajj now have an affordable option to stay connected with their loved ones back home,” he said.

He added this offer shows the company’s continues innovation for its customers. “We will continue to innovate offerings that make it easy for our customers to stay in touch at an affordable cost.

“It is a great time to be on AirtelTigo and we are delighted to meet the communication needs of our customers with great offerings and experience. “

Source: Ghana Web.

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World Bank To Support Ghana On Jobs And Skills In The Next 5-Yrs.

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The Government of Ghana with the support of the World Bank has designed a Ghana Jobs and Skills Project (GJSP) to support jobs and skills for individuals in the country.

This is expected to be implemented over a period of five years, according to a Jobs and Skills final report by the Ministry of Finance.

The objective of the project is to support skills development, upgrade human capacity for Ghanaians and it also aims at helping the government to better respond to the imperative of creating more decent jobs for the youth and rapidly growing labour force.

The project comprises multiple activities that promote the employment and productivity of workers, as well as initiatives to strengthen the efficiency and capacity of government agencies for the various activities to be implemented under the project.

The project encompasses four components for skills development and job generation.

The first component deals with the provision of apprenticeship and entrepreneurship support to individuals for jobs while the second component has to do with the provision of competitive grants to private enterprises for expanded employment. The third deals with Operationalization of the Ghana Labor Market Information System , Upgrade of District Public Employment and Skills Development Program ; and the final component is for Capacity Development , Technical Assistance and Project Management Support to Coordinating, Implementing, and Partnering Agencies for Enhanced Skills and Jobs Impact.

Implementation of the Project will trigger World Bank Environmental Assessment Policy (OP 4.01), which has resulted in the preparation of an Environmental and Social Management Framework (ESMF) to provide guiding principles for assessment and management of environmental and social aspects of all project delivery processes and activities.

The ESMF will also help to systematically identify, predict and evaluate beneficial and adverse environmental and social impacts of sub-projects and other activities to be financed under the Project. The framework also sets out mitigation, monitoring and institutional measures to be undertaken during implementation and operation of the project to eliminate, off set or reduce any potentially adverse environmental and social impacts.

Source: Ghana Web.

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Bank Of Ghana Not In A Hurry To Collapse Savings And Loans Companies – Governor

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The Governor of the Bank of Ghana, Dr. Ernest Addison has said the central bank will first explore options of rescuing savings and loans companies that have the potential of surviving in the long run rather than revoke their licenses.

After its clean-up of the banking and the microfinance sectors, the central bank served notice of an impending clean up in the savings and loans sector.

But speaking at the monetary policy committee’s press conference to announce that policy rate, Dr. Ernest Addison said the central bank’s first option is to rescue savings and loans companies that are solvent but rather having liquidity challenges.

“We are always very careful about making decisions on license revocations. Without clear data which suggest the institution is insolvent, the bank of ghana does not act. we don’t take license revocation on the basis of liquidity shortages; no institution which is solvent but illiquid has had its license revoked.

We will start to look at that sector on the basis of whether the institutions are solvent and be effectively run in the long-term,” he said.

According to the central bank, it is waiting to receive funds from the Fiance Ministry to enable it undertake the clean up of the savings and loans sector.

There are currently over 30 savings and loans companies; a good number of which are unable to meet customers’ demands for deposits.

Source: Ghana Web

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Ghana’s Corporate Female Icon Angela Kyerematen-Jimoh Of IBM Takes A Bow.

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IBM’s first female Country Director in Africa, Angela Kyeremanten-Jimoh has taken a leave of her position as country director of IBM Ghana to take on a new role at IBM's corporate headquarters located in New York, United States of America.


In a letter sent to clients and stakeholders of IBM Ghana, IBM stated that Angela will be taking on a senior role described by IBM as "a great recognition for her hardwork and an exceptional opportunity for her to further hone her skills and provide a deep perspective on Africa at a global level".


As Angela was unavailable to comment on her departure, I got the opportunity to speak to some esteemed clients and associates of IBM who shared their working experience with the company under her leadership.
Speaking to Chief Information Officer of a leading bank in Ghana, he noted that, under Angela’s leadership and supervision for the past 4 years, services rendered to his bank, which include branch network, POS & ATM services have become stronger and reliable across the country.


Theresa Ayaode, CEO of Charterhouse also remarked that Angela has been an extraordinary corporate success story in Africa and it's a testament to her strong work ethics, hardwork, strong faith in God and above all the goodness of her heart!


Speaking to another CEO of a leading business partner of IBM in Ghana, he described Angela as an excellent representative to the IBM brand and the dedication and commitment she shows towards her business partners and customers is a positive example for young and upcoming ladies in business.
Angela joined IBM in 2015 after making a dramatic switch from banking to tech after holding various positions at UBS Investment Bank London, ABN AMRO and GT Bank in Ghana.


In her absence, country director of IBM Nigeria, Dipo Faulker has been appointed to act in the interim as the company waits to make an official announcement on Angela's successor.


Angela has been an inspiration to many young girls on the continent and we are certain she will make Ghana and Africa proud. We wish her great success and await her return to the continent.


Source: Prince Akpah

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