Day: June 17, 2025

Siemens and GVI Ghana Unveil EmpowerTech Programme to Boost Girls in STEM

Accra: Siemens, a leading technology company, in partnership with GVI Ghana, has launched the EmpowerTech Programme, a three-year initiative aimed at equipping girls from underserved communities with essential digital and STEM skills. According to Ghana News Agency, the programme will annually train 100 girls from Kokrobite, Ghana, in digital tools, coding, artificial intelligence (AI), and professional development. EmpowerTech seeks to bridge the gender gap in technology and foster the next generation of female leaders in Science, Technology, Engineering, and Mathematics (STEM). The initiative directly supports the United Nations Sustainable Development Goals, particularly those focused on Quality Education (SDG 4), Gender

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UNDP Proposes Strategies to Bridge Ghana’s Development Financing Gaps

Accra: The United Nations Development Programme (UNDP) has outlined some key strategies for Ghana to boost domestic revenue mobilisation to address development financing gaps. The UNDP said meeting the Sustainable Development Goals (SDGs) by 2030 would require aggressive domestic revenue mobilisation by blocking leakages in the taxation system, investing in value-addition, and cutting borrowing rates. According to Ghana News Agency, Mr. Niloy Banerjee, Resident Representative, UNDP Ghana, speaking at the SDGs Financing for Development Dialogue convened by the UNDP in Accra, noted that Ghana’s financing landscape remained a challenge amidst ongoing economic difficulties. Highlighting the significant SDG financing gap, Mr.

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BoG to Enforce Shareholder Forfeiture in Major Reforms Against Loan Defaults

Accra: The Bank of Ghana (BoG) is poised to implement stringent new regulatory measures, with a particular focus on the forfeiture of significant shareholder holdings, aimed at significantly reducing Non-Performing Loans (NPLs) within the banking industry. Central to these rigorous new measures is a policy ensuring that significant shareholders will forfeit their holdings to offset debts in cases where their default is directly linked to the Regulated Financial Institution’s (RFI) director or Key Management Personnel (KMP). According to Ghana News Agency, this aspect of the regulatory measures was detailed in the ‘Notice on Regulatory Measures to Reduce Non-Performing Loans (NPLs),’

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NRGI Proposes Safeguards Against Tax Avoidance in Ghana’s Lithium Agreement

Koforidua: The Natural Resource Governance Institute (NRGI) has urged Parliament to demand safeguards against tax avoidance in the yet to be ratified lithium agreement between Ghana and Barari DV, a subsidiary of Atlantic Lithium Limited. According to Ghana News Agency, though the government had negotiated a good stake in the lithium mining project, it could be shortchanged if certain protective measures were not included in the agreement. “The weakness of the agreement appears to be the lack of protection against tax avoidance,” said Thomas Scurfield, a NRGI Senior Economic Analyst for Africa. At a media engagement in Koforidua on Tuesday,

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Court to Hear Case Between Dram Oil and Alfapetro Ghana Limited in October

Accra: An Accra High Court, Commercial Division has adjourned the legal dispute involving an alleged breach of distribution agreement contract between Dram Oil and Trading Limited and Alfapetro Ghana Limited. The matter has been rescheduled to commence on October 13, 2025, after being postponed from its original start date of June 10, 2025, at the request of the defense counsel. According to Ghana News Agency, the delay was requested through a letter dated June 9, 2025, addressed to the Court’s Registrar. The letter explained that Mr. Ace Anan Ankomah, who is responsible for the case, had to travel out of

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21-Year-Old Phone Repairer Receives GHC10,000 Cash Reward from MTN MoMo

Dormaa-Ahenkro: The MTN Mobile Money (MoMo) Limited has recognised and rewarded Mr. Emmanuel Ansu Gyeabour, a phone repairer at Dormaa-Ahenkro in the Bono Region, with GHC10,000 cash and other souvenirs. The laureate was recognised as the ‘One Million MoMo App Customer’ of the company. According to Ghana News Agency, MoMo is a service offered by MTN Ghana that allows users to manage finances, make payments, and conduct other transactions using their mobile phones. Speaking at a short ceremony held at Dormaa-Ahenkro on Tuesday, Mr. Haruna Shaibu, the Chief Executive Officer, said Mr. Gyeabour was recognised and appreciated ‘because he is

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Ghana Seeks EU Support to Boost Green Energy Production

Accra: Ghana is aiming to leverage the European Union-supported Just Energy Transition Partnership (JETP) to enhance its financing for solar, wind, and green hydrogen, stated President John Dramani Mahama. JETPs are initiatives designed to assist countries in moving away from fossil fuels, especially coal, while ensuring an equitable transition for affected communities and workers. According to Ghana News Agency, these partnerships involve international cooperation and financial support to mobilize investments for renewable energy development, energy efficiency, and other low-carbon technologies. Speaking at the 2025 Ghana-EU Partnership Dialogue in Accra, President Mahama emphasized Ghana’s Energy Transition and Investment Plan, launched in

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