Day: October 4, 2024

Delta Air Lines, a leading international flight service provider, has introduced a new airplane, Airbus 330-900 Neo, on its daily nonstop Accra to JFK- New York flight route, effective Wednesday, October 2. The new aircraft, with a 281 seating capacity, would provide additional comfort for passengers traveling from Accra to the United States. Airbus 330-900 Neo was welcomed with a ‘water cannon’ salute when it touched down at the Kotoka International Airport early this week. Interacting with reporters on Wednesday in Accra, Mr Ralph Albus, Director of Global Communications at Delta Airlines, said the latest airplane was introduced following customer

A Green Field Day has been held in multiple farming communities within the northern sector, to showcase to farmers an agricultural innovation that promises to transform yam farming in the country. The communities, including Lantikpa (North East Gonja District, Savannah Region) and Gushei (Savelugu Municipality, Northern Region), brought together researchers, farmers, and agricultural stakeholders to witness firsthand the impact of new seed yam technologies and improved farming practices. It was organised by the Council for Scientific and Industrial Research – Savanna Agricultural Research Institute (CSIR-SARI) and the International Institute of Tropical Agriculture (IITA), under the Programme for Seed System Innovation

An International Monetary Fund (IMF) staff team, has reached a staff-level agreement with Ghana, paving way for the Board to approve another US$360 million for the country. This development comes following a third revolution of the country’s on-going US$3 billion IMF loan-supported programme for economic recovery and debt sustainability. In a statement issued by the Mission at the end of a two- week long review, held between September 24 and October 4, 2024, the team noted that Ghana’s performance under the three-year programme, has been ‘satisfactory.’ Mr Stéphane Roudet, Mission Chief for Ghana, said, ‘upon completion of the Executive Board

Stanbic Bank Ghana is taking decisive steps to enhance the resilience and growth of small and medium-sized enterprises (SMEs) with the launch of its SME Clinic initiative. At the Tamale edition of the SME Clinic, Farihan Alhassan, Head of Business and Commercial Banking at Stanbic, emphasized the critical role SMEs play in Ghana’s economy, reiterating the bank’s dedication to supporting long-term, sustainable business success. Held under the theme ‘Building Resilient Businesses: Strategies for Sustainable Success,’ the SME Clinic is part of Stanbic Bank’s ongoing efforts to empower entrepreneurs with the essential knowledge, tools, and networks needed to thrive in today’s

The Centre for International Maritime Affairs, Ghana (CIMAG) has been granted the United Nations Conference on Trade and Development (UNCTAD) observer status, acknowledging its contributions to a sustainable blue economy. UNCTAD is an arm of the United Nations supporting developing countries to access the benefits of a globalized economy more fairly and effectively by equipping them to deal with the potential drawbacks of greater economic integration via analysis, facilitation of consensus-building, and technical assistance. Together?with other UN departments and agencies, UNCTAD measures the progress of the Sustainable Development Goals, as set out in Agenda 2030. Mr Albert Derrick Fiatui, the

The Oil and Gas Co-operative Credit Union (OGCCU) with its head office at BOST Depot in Kumasi, has recorded significant financial growth with exceptional performance under the 2023 financial year. The Union also recorded an annual increase in growth despite the economic challenges melting down giant companies. This was revealed at the Union’s 3rd Annual General Meeting (AGM), at BOST Depot, at Kaase in Kumasi. Mr Gideon Amewugah Kumah, the Board Chairman of the Union, in a report said the income increased from GH?338,996.93 in 2022 to GH?587,924.54 in 2023 representing a 73.4 per cent. He said total deposits (savings)

Dr. Mohammed Amin Adam, Minister for Finance, says Ghana’s debt restructuring sets new standards on the bond market for creditors and debts.? He said Ghana’s debt exchange entailed some non-financial clauses, which are becoming the new market standard on the bond market.? The minister said this at a press conference to announce the completion of the exchange offer and consent solicitation for Eurobond debt restructuring. The new standards set by the country included key non-financial clauses, notably the Loss Reinstatement Clause, the Information Sharing Clause, and the most preferred credit clause.? ‘The Loss Reinstatement Clause, for instance, protects bondholders by