Author: Benjamin Aklama
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African Development Bank announces $25 billion pledge to boost climate finance in Africa
President of the African Development Bank (AFDB), Akinwunmi Adesina, has announced a pledge by the AFDB to allocate $25 billion in funding to Africa’s Climate Fund over the next 27 years. This ambitious financial commitment he said underscores the AFDB’s dedication to advancing climate finance initiatives in Africa, with the goal of expediting the transition…
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Let us harness the economic potential of medicinal plants – Prof. Yankah to African Nations
A call has been made for African countries to harness the immense economic potential and commercial value of herbal medicinal plants to address their economic deficits. Professor Kwesi Yankah, former Minister of State in charge of Tertiary Education, emphasized that the wealth of the continent’s medicinal plant resources remains largely untapped. By prioritizing medicinal plants…
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GEPA seeks $600 Million allocation to achieve $25 billion export target
The Ghana Exports Promotions Authority (GEPA) is facing a significant funding gap as it strives to meet the ambitious $25 billion export target set under the National Export Development Strategy (NEDS). A senior official from GEPA revealed that the authority requires $600 million over the next year to achieve this target, a stark contrast to…
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Government spends GH¢2.9 Billion on PFJ while Agric sector growth stagnates at 0.7% – Minority
Government spending on its flagship agricultural program, Planting for Food and Jobs (PFJ), introduced in 2017, has reached an estimated GH¢2.9 billion, according to statements made by the minority in Parliament. A breakdown of the expenditure reveals that the government allocated GH¢400 million in 2018, GH¢380 million in 2019, and GH¢400 million in 2020. Additionally,…
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KIA attains level 1 customer experience accreditation from ACI
Ghana Airports Company Limited (GACL) has proudly announced that the Kotoka International Airport has achieved Level 1 of the prestigious Airports Council International (ACI) Customer Experience Accreditation Programme. This the company said, marks a significant milestone for the airport, as it demonstrates its commitment to enhancing customer satisfaction and delivering exceptional passenger experiences. The ACI…
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AGI warns against removal of taxes on imported sanitary pads
The Association of Ghana Industries (AGI) has expressed concern over the potential removal of taxes on imported sanitary pads and its detrimental impact on local manufacturers. The AGI in a recent press release, emphasized that while the intention to make sanitary pads more affordable for young women is commendable, such a policy measure would severely…
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Government to offset DDEP losses with $1.5 billion
The Finance Minister, Ken Ofori Atta has disclosed that the government will inject 1.5 billion dollars, into the National Stability Fund to help offset the losses incurred during the Domestic Debt Exchange Programme (DDEP). The banking sector is predicted to lose about ¢41.3 billion to the DDEP, between 2023 and 2028 which has resulted in…
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Getting more women of relevance in the film, television and media industry
From the earliest days of computing to the present age of virtual reality and artificial intelligence, women have made untold contributions to the digital world in which we increasingly live. Their accomplishments have been against all odds, in a field that has historically neither welcomed nor appreciated them. Today, a persistent gender gap in digital…
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Your bonds are ‘potentially worthless’ without debt exchange programme – Gabby Otchere-Darko
The founder of Danquah institute and a stalwart of the ruling New Patriotic party, Gabby Otchere-Darko has taken to Twitter to call for a softer stance in the demands of individual bondholders to be excluded in from the proposed domestic debt exchange programme. He noted that the outright rejection of the programme by individual bondholders…
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GNPC exploring hydrocarbon prospectivity of Ghana’s Voltaian basin
Ghana National Petroleum Corporation (GNPC) is currently exploring the hydrocarbon prospectivity of Ghana’s onshore sedimentary basin (Voltaian basin). The prosectivity exploration is being conducted under a Reconnaissance license through a mix of geophysical, geological and geochemical techniques. According to the CEO of GNPC Opoku Awheneeh Danquah, the Corporation is looking forward to “crown our efforts…