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LPG Cylinder Recirculation Pilot Programme Begins In October — Vice President Bawumia

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Vice President Dr Mahamudu Bawumia on Wednesday said significant progress has been made towards the pilot implementation of the Cylinder Recirculation Model under the National Liquefied Petroleum Gas (LPG) Promotion Policy.

He said the Policy sought to ensure that LPG consumers have access to safe, efficient, affordable and environmentally-friendly LPG for commercial, industrial and domestic use by 2030.

The National Petroleum Authority (NPA) says the Ghana Cylinder Manufacturing Company is producing 37,000 cylinders needed for the pilot project in October this year, in Obuasi in the Ashanti Region and Kwaebibirim in the Denkyemboa District of the Eastern Region.

Dr. Bawumia assured of government’s commitment to continue implementing policies and programmes to protect the safety and interests of Ghanaians.

Vice President Bawumia announced this at the opening of the third edition of the Ghana International Petroleum Conference (GhipCon) in Accra on Wednesday, held on the theme,” Regional Collaboration: A Catalyst for Transformation”.

The conference was organised by the Ministry of Energy and National Petroleum Authority in collaboration with the Chamber of Bulk Oil Distributors, which attracted petroleum experts, policy-makers, businessmen and women and captains of industry in the sub-region.

It is designed to actively bring to the fore the operating industry’s perspectives and guidance on issues of governmental and regulatory policy as well as best practices for the advancement of the petroleum downstream sector across the West African sub-region.

It will also afford stakeholders in the petroleum downstream industry in West African sub-region, to harmonise their policies and explore opportunities to allow the industry to respond to global development and trends consistent with member countries’ interests and aid in their economic transformation.

Some topics outlined for discussion include; Unlocking West Africa’s Deregulatory Inertia, Making West Africa’s Refineries Work, Ghana’s Cylinder Recirculation Model, Harmonising Sub-regional Petroleum Products Specifications and Challenges of Regional Distribution of Petroleum Products.

The Vice President said government was in the process of ensuring institutional and regulatory re-alignment of the midstream gas sub-sector to bring clarity and a degree of certainty to players in the industry.

In that regard, he said, the Energy Minister would soon finalise re-alignment and commence legislative consolidation of the Gas Master Plan into a Gas Act, which was an important requirement for development of Ghana into a petrochemical hub in the West African sub-region.

He said the proposed Gas Act would provide an enabling environment and appropriate incentives for investors and assured of government’s resolve to make the security of gas supply as feedstock for petrochemical plans a priority.

He said procurement of natural gas from domestic sources had been secured under regulation governing domestic supply obligation of upstream gas producers.

He, therefore, urged investors to take advantage of the favourable petroleum market environment in Ghana to invest in infrastructure such as oil jetties, pipelines and distribution facilities, as well as refineries, gas processing plants and storage and loading gantries.

Following the deregulation of the petroleum downstream sector in Ghana, Dr Bawumia said the sector had witnessed significant investment and expansion of petroleum products and outlets facilities.

He gave the assurance that government would continue to create an enabling environment for petroleum downstream sector to thrive competitively, efficiently and with the highest safety standards.

He said the investment had been championed by the private sector with growing number of indigenous Ghanaian companies, given rise to new entrants licensed to operate as petroleum service providers with over 250 licensed operators across the value chain and more than 15 licensed categories providing support services.

Over the past eight years, he said bulk distribution companies had grown from eight to 35, with oil marketing companies (OMCs) increased from 81 to 115 and 19 companies currently providing support services in areas like tank calibration, underground storage and above storage cleaning and non-destructive testing.

“As a country, our vision for the petroleum downstream industry is to ensure that Ghana becomes a key player in the downstream petroleum industry in the West African sub-region.

“To this end, government is also working on Petroleum Transportation Infrastructure Master Plan aimed at enhancing the pace of infrastructure sourcing with a regional context in mind,” he added.

Vice President Bawumia said the Plan would facilitate the demand of alternative transportation infrastructure for petroleum products such as railway lines, pipelines and river badges to major demand centres across the country and link the sub-regional markets to further deepen the regional integration agenda.

Source: CitiBusiness News

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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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