Ghana’s fixed income market recorded total trading volume of 235.15 million cedis across 317 transactions on Thursday, November 6, 2025, with treasury bills maintaining their dominant position in investor preferences.

Treasury bills accounted for 177 million cedis through 283 transactions, representing 75.3 percent of total trading volume as investors continued their strong appetite for short term government securities. The most actively traded instrument was a treasury bill maturing January 26, 2026, which recorded 62.12 million cedis in volume across 18 transactions at a closing price of 97.7002.

New Government of Ghana (GOG) notes and bonds contributed 41.03 million cedis through 10 transactions. The largest single trade involved a GOG bond maturing February 12, 2030, carrying an 8.80 percent coupon, which saw 34.79 million cedis change hands in one transaction. This bond traded at a yield of 15.39 percent and closed at 79.8410.

Old GOG notes and bonds recorded modest activity with 64,800 cedis traded across three transactions. The most significant old bond trade involved a security maturing August 9, 2027, with a 20 percent coupon. This legacy instrument traded 44,800 cedis in a single transaction at a yield of 24.01 percent and closed at 94.3737, reflecting the premium pricing on higher coupon securities issued during previous high interest rate periods.

Sell and buyback trades, also known as repo transactions, involving GOG notes and bonds totaled 17.05 million cedis across 21 transactions. The largest repo activity centered on a GOG bond maturing February 11, 2031, with an 8.95 percent coupon. This security recorded 9.99 million cedis across 12 transactions, trading at a yield of 12.92 percent and closing at 85.0831.

Corporate bonds and Bank of Ghana (BOG) bills recorded zero activity during Thursday’s session, highlighting continued investor concentration in government securities. The absence of corporate bond trading reflects persistent liquidity challenges in Ghana’s private sector debt market, where secondary trading remains thin despite multiple issuers listed on the Ghana Fixed Income Market (GFIM) platform.

The treasury bill market’s dominance reflects institutional preferences for liquidity and flexibility in the current economic environment. Banks, which represent the largest participants in Ghana’s fixed income market, typically favor matching short term deposit liabilities with short term assets like treasury bills rather than committing to longer duration exposures.

Thursday’s trading patterns align with broader trends visible throughout 2025, where market participants have consistently favored government securities over corporate debt and shorter maturities over longer dated instruments. This preference persists despite Ghana’s improving macroeconomic fundamentals, including inflation that declined to its lowest level in four years.

The bond yield environment on Thursday continued reflecting elevated rate structures. The 15.39 percent yield on the decade long bond and the 24.01 percent yield on the older security indicate significant risk premiums that investors demand for holding longer dated Ghanaian government debt.

The GFIM operates on Bloomberg’s electronic bond trading and surveillance system, providing technical infrastructure for transparent price discovery and efficient execution. The platform facilitates secondary trading of all fixed income securities, though government instruments continue to dominate actual transaction volumes.

Market observers note that the concentration in treasury bills reflects both strong banking sector liquidity and investor caution about committing capital for extended periods. While short term rates have compressed significantly from crisis levels in 2023, longer dated yields remain elevated as investors weigh Ghana’s medium term fiscal trajectory.

The fixed income market plays a crucial role in Ghana’s financial system, providing government financing for budget operations and offering investors alternatives to equity markets. Thursday’s solid trading volumes across government securities suggest sustained confidence in Ghana’s debt markets, though the continued absence of corporate bond activity highlights ongoing challenges in developing deeper capital markets.

The Bank of England (BOE) faces mounting pressure to cut interest rates in December following Thursday’s narrow 5 to 4 vote to hold the benchmark rate at 4 percent, with softening economic indicators and persistent inflation concerns dividing policymakers.

The Monetary Policy Committee (MPC) vote was tighter than economists expected, with most analysts predicting a 6 to 3 split in favor of holding rates unchanged. Four members, including deputy governors Sarah Breeden and Dave Ramsden alongside external members Swati Dhingra and Alan Taylor, supported an immediate quarter point reduction to 3.75 percent.

Governor Andrew Bailey voted to hold rates but signaled that upside risks to inflation have become less pressing, though he emphasized the value in waiting for further evidence before cutting. His comments suggested openness to policy easing if disinflation becomes more clearly established in the period ahead.

UK inflation has remained at 3.8 percent for three consecutive months through September, below the BOE’s forecast for a rise to 4 percent but still nearly double the 2 percent target and the highest among Group of Seven major advanced economies. The persistent elevation comes despite the BOE’s benchmark rate being double that of the European Central Bank.

Financial expert Nigel Green, Chief Executive Officer (CEO) of deVere Group, argues that accumulating evidence supports a December rate cut. He points to September’s lower than expected inflation, moderating wage growth, and weakening economic activity in the third quarter as indicators that the economy is losing momentum under current borrowing costs.

Interest rates have been cut five times since August 2024, when the MPC reduced the base rate from 5.25 percent, following a quarterly rhythm that has brought rates down to the current 4 percent level. However, Governor Bailey regularly notes that monetary policy is not on a predetermined path.

Breeden, voting against the majority for the first time, said upside risks to inflation had not materialized and that slack in the jobs market would continue weighing down pay growth. She expressed confidence that policy remains restrictive and that building slack justified an immediate cut.

The MPC assessment indicates that underlying disinflation continues, supported by the still restrictive stance of monetary policy and reflected in easing pay growth and services price inflation. Subdued economic growth and building slack in the labor market are underpinning this disinflation trend.

Markets are now pricing approximately 60 percent probability of a rate reduction at the next MPC meeting on December 18, with investors interpreting Bailey’s comments as signaling potential policy easing once more economic data becomes available. By then, the committee will have reviewed inflation and employment data for October and November, along with details of tax increases expected in Finance Minister Rachel Reeves’ budget on November 26.

Green emphasizes that maintaining rates at 4 percent despite softening demand signals will weigh heavily on households and small businesses over winter. He argues that mortgage renewals are squeezing disposable income while firms hold back on investment, creating lasting damage to productivity and growth the longer restrictive policy persists.

The deVere CEO contends that a modest 25 basis point cut in December would signal confidence that inflation is under control while helping stabilize consumer and corporate sentiment heading into 2026. He suggests this would align monetary and fiscal policy more effectively following the autumn budget.

The BOE forecast shows inflation remaining above its 2 percent target until the second quarter of 2027, though it projects inflation will be slightly lower then at 1.9 percent. The central bank also expressed concern that households might not use their high savings levels to increase spending.

Green stresses that the BOE’s credibility depends not only on defeating inflation but also on avoiding unnecessary economic damage. He argues that inflation represents yesterday’s challenge, while the current priority involves sustaining growth without reigniting price pressures.

The European Central Bank has signaled openness to rate cuts in early 2026, while the Federal Reserve has already slowed tightening and hinted that its next move is likely downward. Green warns that the UK risks falling out of sync if it maintains restrictive settings while other major economies pivot toward easing.

The committee’s policy discussions covered the extent to which disinflation was continuing, the degree of slack emerging in the economy, and whether these developments reflected the restrictive stance of monetary policy both currently and prospectively. Members continued taking different views on how wage moderation would feed through to lower services price inflation.

The narrow vote reveals growing divisions within the MPC as policymakers balance persistent inflation against mounting evidence of economic weakness. Green concludes that the BOE should use the next six weeks to prepare markets for a measured step in December, demonstrating recognition of the changing economic reality and readiness to act decisively.

Minister of Energy, John Abdulai Jinapor

The International Monetary Fund (IMF) has commended Ghana for making significant strides in reforming and stabilising its energy sector under the leadership of the Minister of Energy, John Abdulai Jinapor.

In a statement issued in Accra, the IMF Resident Representative in Ghana, Dr Adrian Alter, lauded the Ministry of Energy for implementing policies that have strengthened the performance of the Electricity Company of Ghana (ECG) and improved revenue mobilisation across the sector.

Dr Alter highlighted that the operational efficiency and financial management of ECG have shown marked improvement over the past year, attributing these gains to the Energy Ministry’s transparent, accountable, and reform-driven approach.

“The Energy Ministry’s strategic interventions have not only enhanced ECG’s operations but have also reinforced stability and confidence in Ghana’s power sector,” Dr. Alter stated, emphasising that these reforms align with the IMF’s broader objective of supporting sustainable energy governance.

Since assuming office, Jinapor has spearheaded initiatives aimed at boosting generation capacity, streamlining distribution systems, and promoting fiscal discipline within the energy value chain.

His proactive leadership has earned commendation from both domestic stakeholders and international partners.

The IMF’s recognition has generated positive reactions on social media, with many Ghanaians expressing optimism that continued reforms could finally secure lasting stability and growth in the country’s energy landscape.

Analysts say the endorsement underscores growing confidence in Ghana’s energy management reforms, which are seen as crucial to powering economic transformation and supporting industrialisation under the government’s 24-hour economy agenda.

Victor Emmanuel Smith interacting with PJ Haynie

Ghana’s Ambassador to the United States, Victor Emmanuel Smith, has paid a working visit to Haynie Farms and Haynie Family Foods, formerly known as Arkansas River Rice, the only Black-owned rice farm and mill in the United States.

The visit forms part of efforts to promote agricultural investment and partnerships between Ghana and the US.

The engagement aligns with President John Dramani Mahama’s reset vision to transform Ghana’s economy through sustainable agriculture and agribusiness.

Ambassador Smith emphasised that attracting foreign direct investment into these sectors is essential to boosting productivity, creating jobs and ensuring food security.

PJ Haynie, CEO and fifth-generation farmer, hosted the Ambassador and announced plans to welcome five young Ghanaian agricultural graduates for a nine-month hands-on training program at the Arkansas facility.

Ambassador Victor Emmanuel Smith urges American investors to partner Ghana

The initiative aims to modernize rice cultivation and processing in Ghana.

Ambassador Smith lauded the collaboration as a practical step toward achieving Ghana’s goal of food self-sufficiency and strengthening bilateral agribusiness ties between the two nations.

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By Patience Gbeze/Edward Dankwah  

Accra, Nov. 5, GNA– The Simple Foundation has donated a range of relief items to the National Disaster Management Organisation (NADMO) to support its ongoing efforts in disaster recovery and community empowerment across the country. 

The donation, which included soccer balls, clothing, shoes, hospital supplies and menstrual pads, forms part of the Foundation’s broader mission to assist families and vulnerable groups affected by disasters.  

The items are expected to provide both immediate and long-term relief to communities in need. 

Mr. Osuman Issaka, Founder of the Simple Foundation, said the gesture was based on the organisation’s 15-year experience in humanitarian work and a recent assessment that highlighted NADMO’s critical role in supporting families during and after disasters. 

He emphasised that the partnership with NADMO would not be a one-off initiative, but the beginning of a long-term collaboration aimed at providing sustained support for disaster management in Ghana. 

Mr. Issaka said: “This is not only a one-time thing; we are building a long-term partnership so that whenever its supplies for immediate disaster response or post-recovery support are in demand, we are here to assist. 

“This partnership has been established to ensure a sustained plan that supports Ghana at all times.” 

The Founder said the inclusion of menstrual hygiene products was to ensure that young girls could continue their education without interruption during their menstrual cycles. 

He commended NADMO for its dedication to disaster response and urged other organizations to complement its efforts to build stronger and more resilient communities across the country. 

Major (Rtd) Dr Joseph Bikanyi Kuyon, the Director-General of NADMO, said the gesture was deeply emotional and inspiring, considering the donor’s background and the distance he had traveled, both literally and figuratively to give back to his roots.  

“Here is someone who left this country as a young man, spent several years abroad, yet still feels a strong sense of duty toward the community that raised him,” Major Dr Kuyon said. 

“No one is born into a community by mistake. If you are born into a community, live your life, and leave without making a meaningful impact, then you have not only disappointed yourself but also disappointed God, who placed you there for a purpose,” he added. 

Major Dr Kuyon said the gesture also exemplified the true responsibility of every citizen, to make a difference in the communities they come from because that is the legacy for which everyone would be remembered. 

He appealed to Ghanaians, both at home and abroad, to emulate such acts of generosity, stating that many had the means to support their communities but often lacked the will to do so.  

The Director-General said the Foundation’s initiative should remind all that making an impact was not about abundance but compassion.  

He stressed: “This donation to NADMO is a call to action, a demonstration that even small contributions can transform lives. We encourage everyone to extend a hand of support, not because they have too much, but because they have enough to make a difference” 

“Let this act of generosity serve as a motivation for others to partner with NADMO in addressing the needs of vulnerable individuals and communities. 

“Support, when given through the right channels, achieves the right results.”  

GNA 

Edited by Benjamin Mensah 

The Bank of Ghana (BoG) has officially registered more than 100 virtual asset service providers (VASPs) as part of a new regulatory framework designed to oversee the country’s expanding cryptocurrency market, marking Ghana’s first coordinated national approach to regulating digital assets.

The announcement was made in a release dated November 5, 2025, alongside a comprehensive policy document titled Ghana’s Policy Position on Virtual Assets and Service Providers. According to the central bank, the registration exercise conducted in July 2025 identified over 100 companies offering services such as crypto exchange, digital wallet management, brokerage and investment advisory to an estimated three million Ghanaian users.

To ensure effective supervision, BoG will establish a new Virtual Assets Regulatory Office (VARO) tasked with monitoring the industry, enforcing compliance and coordinating with other state institutions. The office will work in close collaboration with the Securities and Exchange Commission (SEC), the Financial Intelligence Centre (FIC) and other stakeholders to ensure that VASPs operate in a safe, transparent and compliant manner.

The policy paper stated that the bank recognizes that virtual assets can no longer remain outside Ghana’s financial regulatory remit. VARO will act as a link between government oversight and the virtual assets industry, working with agencies such as SEC, FIC, Ghana Revenue Authority (GRA) and the National Communications Authority (NCA).

The new policy marks a major shift in the bank’s stance. Between 2018 and 2022, BoG repeatedly warned that cryptocurrencies were not legal tender, directing financial institutions to avoid processing crypto related transactions. The 2025 policy, however, moves from caution to structured regulation, focusing on managing risks rather than banning the technology.

Under the framework, Ghana’s regulatory approach will be risk based and activity specific, meaning oversight levels will depend on the type and scale of services offered. High risk activities such as trading and asset custody will face stricter licensing rules, while low risk services will go through simplified registration procedures.

BoG will supervise activities related to payments and custody, while SEC will oversee trading and investment services. FIC will handle anti money laundering compliance in coordination with the other regulators. Despite the new framework, BoG reaffirmed that virtual assets will not be recognized as legal tender in Ghana.

The aim, it said, is to balance innovation with consumer protection, reduce exposure to fraud, money laundering and terrorism financing, and maintain financial stability. The move follows Ghana’s 2024 National Anti Money Laundering and Counter Financing of Terrorism (AML/CFT) Risk Assessment, which highlighted growing exposure of banks and securities firms to crypto related activities without sufficient oversight.

The policy also proposes the creation of a National Virtual Assets Literacy Initiative (NaVALI), to be developed with SEC and the Ministry of Education. The initiative seeks to boost public awareness and financial literacy, particularly among young Ghanaians, who make up the largest share of crypto users.

BoG’s move aligns Ghana with international best practices recommended by the Financial Action Task Force (FATF), the International Monetary Fund (IMF) and the Bank for International Settlements (BIS), all of which advocate for regulated, transparent digital asset ecosystems.

By taking this step, Ghana joins a small but growing group of African nations including South Africa, Kenya and Nigeria that are transitioning from unregulated crypto activity toward comprehensive oversight and innovation driven governance. The policy rejects an outright ban on virtual assets, arguing that prohibition could drive activities underground and make them more difficult to monitor.

The mandatory registration exercise required all VASPs offering services to individuals residing in Ghana, whether through a physical presence or digital platform, to complete registration by August 15, 2025. BoG stated that registration is compulsory and non compliance may lead to regulatory action or exclusion from future licensing.

Registration does not constitute a license to operate, nor does it imply legal recognition or approval. The bank reserves the right to issue further instructions depending on the outcomes of this process. This registration exercise supports BoG’s efforts to develop a legal and regulatory framework that reflects current market developments and aligns with international standards.

BoG emphasized that the registration of VASPs and establishment of VARO mark a new era of responsible innovation in Ghana’s financial ecosystem, one aimed at building trust, protecting consumers and positioning Ghana as a leader in Africa’s digital finance landscape.

Ghanas-Policy-Position-on-Virtual-Assets-and-Service-Providers

In a landmark announcement witnessed by German President Frank-Walter Steinmeier, Ghana’s Minister of Education, Haruna Iddrisu has revealed that AMBYLON, a cutting-edge education technology company, has been chosen as the strategic partner to spearhead the complete digital transformation of the nation’s education system.

This was contained in a joint press conference, held in the presence of President Steinmeier during his official visit, which underscored the historic nature of the collaboration.

Ghana aims to be the first country with a fully digitalized education framework, ensuring modern, inclusive, and accessible learning for every student.

The initiative will be executed in close partnership with key Ghanaian institutions: the Ministry of Education, the National Council for Curriculum and Assessment (NaCCA)—the country’s curriculum authority—and the Centre for National Distance Learning and Open Schooling (CENDLOS), which leads digital and distance learning efforts.

AMBYLON will integrate its advanced learning management systems, content development tools, and immersive virtual reality (VR)-based educational experiences into Ghana’s national curriculum. This fusion is designed to align with the government’s vision for equitable growth and opportunity through technology-driven education.

“Ghana is setting a global benchmark,” stated Jörn Halsinger, Founder and CEO of AMBYLON. “The government is demonstrating vision and bold leadership by embracing digital education as a cornerstone of opportunity, growth, and equality. We are deeply honoured to contribute to this historic transformation.”

Details of the cooperation are still being finalised among the partners. Implementation is set to commence in 2026, beginning with pilot programs in select regions before a nationwide rollout.

This partnership marks a significant step in Ghana’s digital agenda, potentially positioning the West African nation as a pioneer in edtech innovation on the global stage.

KTU management given 90 days to retrieve GH¢800k paid to absent staff

Volta Regional Minister James Gunu has engaged key stakeholders to outline the next phase of work on the Aflao Market Project following the recent signing of a grant agreement between Ghana and China to support its construction. The meeting brought together traditional authorities, diplomats and government officials to reaffirm shared commitment to delivering the long awaited modern commercial center.

Ghana secured a 30 million US dollar grant from the Chinese government for the construction in fulfillment of a campaign pledge made by President John Dramani Mahama during the 2024 general elections. The grant agreement was officially signed on July 7, 2025, at the Ministry of Foreign Affairs in Accra.

Gunu said the new market would serve as a major economic hub along the eastern corridor, boosting cross-border trade, creating employment opportunities and enhancing revenue generation not only for the Aflao community but for the entire Volta Region. He lauded the project as aligned with the government’s broader development agenda, ensuring improved infrastructure and better livelihoods for border communities.

Foreign Affairs and Regional Integration Minister Samuel Okudzeto Ablakwa, who signed on behalf of Ghana while Chinese Ambassador Tong Defa signed for the Chinese government, commended the partnership with China. Ablakwa expressed optimism that the project would help reshape the commercial landscape in the Ketu South Municipality.

The facility falls under an Economic and Technical Cooperation Agreement between the two countries and aims to transform Aflao into a thriving commercial hub by providing modern infrastructure for trade. The new market is expected to significantly enhance economic activity along the Ghana-Togo border, linking Ho and Lomé markets, and improving livelihoods across the wider West African corridor.

Ablakwa said the selection of Aflao was strategic, given its role as a key trading enclave that connects Ghana to the rest of West Africa through the Economic Community of West African States (ECOWAS) corridor. Chinese Ambassador Tong Defa lauded the cooperation between the two countries and said the project was part of broader efforts to implement down to earth and people centered initiatives that bring tangible benefits to both nations.

Ablakwa noted that a similar grant amount from China was used to construct the Kotokuraba market in Cape Coast during the Mills and Mahama era, providing a proven model for the Aflao project. The Aflao market project, according to officials, will include state of the art facilities to ensure a safe and efficient trading environment.

Present at the November 6 engagement were Acting Chief Director at the Ministry of Foreign Affairs Khadija Iddrisu, traditional leaders from the Aflao Traditional Area, and officials from the Embassy of the People’s Republic of China in Ghana. In a joint resolution, the stakeholders pledged to collaborate closely to ensure the project is delivered on schedule, meets high quality standards and maximizes socio economic benefits for the people.

President Mahama also secured another 200 million RMB grant from President Xi Jinping for future developmental projects in Ghana. This new grant comes on top of an earlier 200 million RMB gift already dedicated to the construction of the Aflao market, bringing the total support from China this year to 400 million RMB.

The two leaders agreed to finalize a zero percent tariff agreement by October 28, 2025, a move that will make Ghana the second African country to enjoy such trade benefits with China. This agreement is expected to boost bilateral trade, which already exceeded 11.8 billion US dollars in 2024.

The Aflao Market Project is expected to enhance Ghana’s competitiveness under the African Continental Free Trade Area (AfCFTA) by positioning the Volta Region as a gateway for regional commerce and investment. The AfCFTA is a free trade area encompassing most of Africa, established in 2018 by the African Continental Free Trade Agreement, making it the largest free trade area by number of member states after the World Trade Organization.

US President Donald Trump has announced deals that aim to lower the cost of popular weight-loss drugs, as pharmaceutical prices take centre stage in his administration’s messaging around affordability.

Speaking alongside drug executives at the White House, Trump unveiled agreements with Eli Lilly and Novo Nordisk. Consumers are set to pay between $245 and $350 per month for obesity drugs, including Wegovy and Zepbound.

Many GLP-1 drugs, used to treat diabetes and obesity, cost over $1,000 a month without insurance or discounts.

The deals will expand Eli Lilly and Novo Nordisk’s access to Medicare and Medicaid, the government’s public healthcare plans for elderly and low-income Americans.

Eli Lilly also said in a statement it would escape tariffs for three years as part of the agreement with the Trump administration.

An estimated 10% of Medicare beneficiaries will be eligible for expanded access to GLP-1 drugs, and will only pay $50, according to senior administration officials.

Those enrolled in Medicaid will see a rolling start date based on when states sign up to participate, the officials said.

Trump has long pushed for “most-favoured nations” prices – a policy aimed at aligning drug prices in the US with lower ones abroad.

The obesity drugs will be sold at discounted prices on the direct-to-consumer TrumpRx, a government-run website set to launch by January.

On TrumpRx, Wegovy and Zepbound will start at $350 per month on average, and drop to $250 within two years, administration officials said. The Medicare prices of Ozempic, Wegovy, Mounjaro and Zepbound will be $245.

Along with Novo Nordisk’s Wegovy, Eli Lilly’s weight-loss pill, orforglipron, will be sold for $149 for the lowest dose, Eli Lilly said in a statement. The company’s Zepbound medication will cost $299 for a starting dose.

Those prices are dependent on Food and Drug Administration approval of the pills.

“Lilly is in a unique position to work with the US government to rebalance the global system, expand access and lower costs for Americans,” David Ricks, Eli Lilly’s chief executive, said in a statement.

GLP-1 drugs are often not covered by private insurance. Federal law bans Medicare from covering the drugs when used for weight loss, though they usually are covered when used to treat diabetes and cardiovascular disease. Only 13 states provide coverage under Medicaid for weight loss purposes.

Health Secretary Robert F Kennedy Jr, speaking at the White House, said the deals were products of months of negotiations with Eli Lilly and Novo Nordisk. He called obesity “the number one driver of chronic disease” in the US.

“This will be a lifesaver to them,” Kennedy said.

“It’s not a panacea, it’s not a silver bullet,” he added, stressing the importance of dietary changes and physical exercise.

Since July, Trump has been pressuring pharmaceutical firms to lower drug prices. He sent letters to 17 drug companies in the summer, giving them 60 days to respond to his demands for lower prices.

Pfizer was the first major drug maker to reach a deal with Trump, slashing prices for some medicines by up to 85% on the TrumpRx site. Pfizer also agreed to lower prescription drug prices for Medicaid.

AstraZeneca and EMD Serono have also reached deals with the administration in recent weeks.

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The Business of Ghanaian Fashion (BoGF) Summit 2025 brought together key players from Ghana’s fashion, policy and business sectors to chart a sustainable path for the country’s creative economy.

The event, held in Accra in mid October 2025, was organized by HSA PR and spearheaded by Fashion Nexus Ghana under the theme “Building a Sustainable Future for Ghana’s Fashion Industry.” It received support from the United Nations Educational Scientific and Cultural Organisation (UNESCO), African Continental Free Trade Area (AfCFTA) Secretariat, Ministry of Trade and Industry, Ghana Revenue Authority (GRA) and fashion house Christie Brown.

Founder of Fashion Nexus Ghana and project lead for BoGF Hillary Andoh described the summit as the start of a national movement to build a united and competitive fashion ecosystem. “Today marks the beginning of a movement to strengthen and sustain the Business of Ghanaian Fashion. Our vision is to bring together fashion designers, manufacturers, textile producers, educators, policymakers and investors to build a connected private industry that reflects Ghanaian creativity, talent and entrepreneurial spirit,” she stated.

The summit featured keynote sessions, panel discussions and policy roundtables focused on value chain development, education, sustainability and digital trade. Participants discussed strategies to strengthen Ghana’s position as a fashion powerhouse within Africa’s creative economy.

The Business of Ghanaian Fashion Initiative seeks to bridge key gaps within Ghana’s fashion industry by fostering innovation, collaboration and investment. With the global fashion market valued at 1.84 trillion United States dollars, Ghana stands positioned to compete effectively on the international stage. The initiative’s impact goals focus on creating employment opportunities, attracting investment into the creative economy, enhancing the competitiveness of Ghanaian brands globally and promoting sustainability across the value chain.

Edmond Moukala, Head of Office and UNESCO Representative to Ghana, described the 24 hour economy as a game changer for Ghana’s fashion industry, envisioning around the clock production, cross border collaboration and digital trade that meets global demand at any hour. “The 24 hour economy concept presents a transformative paradigm for Ghana’s fashion industry. Imagine a sector where production lines hum around the clock, where designers collaborate across time zones and where retail and e-commerce platforms operate seamlessly in catering to a global demand that never sleeps,” he stated.

Aisha Ayensu, Founder and Creative Director of Christie Brown, urged stakeholders to move beyond merely admiring Ghana’s creative potential and instead harness it collectively as an industry where creativity and commerce work together to drive sustainable growth. “We need to stop romanticizing potential and start embracing it. Passion should not be treated as ours alone but as an industry, one wherein creativity and commerce speak the same language,” she revealed.

Deputy Chief Industrial Promotion Officer at the Ministry of Trade, Agribusiness and Industry Kwasi Ofori Antwi reaffirmed government’s commitment to positioning Ghana’s fashion and textile industry as a major driver of economic growth and export diversification. The Ministry implements a policy framework that strengthens competitiveness, enhances skills, expands access to finance and promotes global standards across the value chain, he stated.

Elsie Appau Klu, Technical Advisor to the Commissioner General of the Ghana Revenue Authority, expressed enthusiasm about the Authority’s partnership with Fashion Nexus Ghana. The current GRA administration sees institutions like Fashion Nexus as partners that must be engaged, understood and worked with, simplifying tax systems to enable meaningful contribution to national development, she noted.

Daphine Lekipaika, Expert in Trade Services at the African Continental Free Trade Area Secretariat, highlighted that the AfCFTA framework offers significant opportunities for Africa’s fashion value chain by eliminating trade barriers, enhancing regional production and sourcing, and creating a unified continental market for Made in Africa fashion brands. The agreement offers Ghanaian designers access to a market of 1.3 billion consumers, creating export opportunities that dwarf the domestic market.

The summit marked the culmination of preparatory work that began with the initiative’s launch on September 9, 2025, at Kempinski Gold Coast City Hotel. The flagship event on October 16, 2025, served as the launchpad for a year long Capacity Building Programme focused on fashion business, policy, education, investment readiness, and global market integration.

Hillary Andoh emphasized that sustainability practices already embedded in Ghanaian fashion, including upcycling and use of natural materials, align perfectly with global brands now building circular economy credentials. What African designers have practiced out of necessity is now being rebranded as environmental innovation by European and American fashion houses, she noted.

Through BoGF, Fashion Nexus Ghana aims to transform fashion into a driver of inclusive economic growth and national development. The initiative addresses persistent challenges including informality, lack of investment readiness, limited access to funding and weak production capacity. With over 60 percent of Ghana’s population under 25, the sector offers immense potential for job creation and youth entrepreneurship.

The minister among some of the stakeholders at the event

The Minister of Food and Agriculture, Eric Opoku, has underscored the urgent need for Ghana to transition from subsistence farming to a dynamic and sustainable agri-food economy capable of competing globally and ensuring national food security.

Addressing the opening session of the 2025 Annual Conference of the Ghana Association of Agricultural Economists (GAAE) at the Kwame Nkrumah University of Science and Technology (KNUST) in Kumasi on Thursday, November 6, 2025, the minister said this year’s theme, “Transforming Agri-Food Systems in Developing Economies through Sustainable Agribusiness Development,” reflects one of the biggest economic opportunities facing Ghana today.

He highlighted the central role agriculture continues to play in Ghana’s economy, contributing about 20 percent to the national GDP and employing one-third of the workforce, with more than 70 percent of rural households depending on the sector for their livelihoods.

Despite this contribution, the minister lamented persistent productivity challenges, rising food imports and significant post-harvest losses amounting to as much as 30 percent of total output.

Ghana’s food import bill currently exceeds US$3 billion annually, largely driven by rice, poultry, and processed food imports.

“The challenge before us is not simply to produce more food but to transform our entire agri-food system ensuring that the process is profitable, inclusive and environmentally responsible,” he emphasised.

Opoku noted that Africa’s food and agribusiness market is projected to exceed US$1 trillion by 2030, an opportunity that can only be realized through strong value chains, innovation and investment in sustainable agribusiness.

The minister outlined two key government policies aimed at driving the transformation agenda the Feed Ghana Policy and the 24-Hour Economy Policy.

The Feed Ghana Policy, he said, seeks to strengthen domestic food production through improved seed access, irrigation expansion, mechanization, post-harvest infrastructure and agro-processing.

Touching on the 24-Hour Economy initiative, the minister explained that the policy is designed to boost productivity by supporting continuous operations in food logistics, processing, and storage thereby reducing delays, improving market efficiency and creating more jobs.

Opoku called on agricultural economists and researchers to partner with the government by providing evidence-based frameworks for investment and policy reforms while bridging the gap between research and industry.

He also emphasised the strategic role of Ghana’s youthful population in modernizing agriculture through digital technologies, innovation hubs and agribusiness entrepreneurship.

The minister expressed concern about the worsening impacts of climate change on agricultural production, citing significant crop losses recorded in recent years.

He assured that the government is prioritizing climate-smart agriculture, efficient water management and soil health restoration to build a more resilient sector.

He appealed for stronger collaboration among government institutions, the private sector, investors, development partners and academia in driving agri-food transformation.

“This conference is more than an academic event it is a call to action. The decisions we make today will shape the food systems of tomorrow,” he stated.

Opoku thanked the leadership of the GAAE for providing the platform and expressed optimism that discussions from the conference will contribute positively to Ghana’s agricultural growth agenda.

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The Chamber of Agribusiness Ghana (CAG) is calling for an immediate comprehensive audit of all rice brands on the Ghanaian market, citing unchecked smuggling and substandard imports that threaten local farmers and national food security.

Chief Executive Officer Anthony Morrison expressed alarm about what he described as illegal smuggling primarily through Ghana’s northern borders. He said the illicit trade deprives government of tax revenue, exposes consumers to unsafe products, and undermines domestic rice producers. Morrison made the call during an appearance on Channel One Newsroom on Tuesday, November 4, 2025.

The appeal comes as Ghana’s grain sector faces what CAG describes as a national agricultural emergency. Over 1.2 million metric tonnes of rice, maize, and soya beans remain unsold in warehouses and on farms across the country despite continued import dependence. Local rice production stands at approximately 900,000 metric tonnes while annual consumption reaches nearly 1.9 million metric tonnes.

Morrison maintains that many rice brands currently sold may not have passed through proper regulatory channels. He urged the Ministry of Trade and Industry, together with the Food and Drugs Authority (FDA) and Ghana Standards Authority, to authenticate all brands in the marketplace immediately. The presence of unverified and poor quality rice undermines consumer trust, hurts local processors, and worsens the grain glut, a situation where locally produced rice remains unsold because cheap, low quality imports dominate shelves.

The Chamber proposed a coordinated national audit involving the Ghana Revenue Authority, National Security, FDA, and Ghana Standards Authority to verify tax compliance and detect smuggled products. Morrison explained that investigators should identify importers, processors, and brand owners for every rice variety on shelves, then verify whether taxes have been paid. Comparing declared warehouse stock against actual market volumes would reveal those evading taxes or smuggling goods into the country.

The CAG leader said government loses significant import revenue due to undeclared rice shipments. He insisted the exercise must confiscate all brands found to have entered through unapproved routes. “We are calling for a very comprehensive audit of all rice brands on the market,” he stated, adding that authorities should validate all brands, identify importers and processors, and verify branding sources.

Morrison stressed that protecting local farmers represents not only an economic necessity but a matter of national survival. He emphasized that governments and citizens worldwide protect farmers because agricultural viability determines national survival. The agribusiness executive cautioned that Ghana cannot “import itself out of food security,” adding that the country must prioritize producing and consuming locally grown rice. He said Ghanaians must patronize what farmers struggle and toil to produce.

The Chamber has called for a three-month moratorium on rice imports to enable the local market to absorb existing surplus stocks. It also urged establishment of a Strategic Grain Reserve Procurement Programme through the National Food Buffer Stock Company to purchase surplus grains directly from farmers, which would stabilize prices and ensure steady grain supply to poultry, livestock and food processing industries.

The audit call arrives as local rice farmers grapple with massive unsold stocks due to competition from cheaper imports and weak domestic demand. The Chamber previously warned that the oversupply stems from poor market coordination, restrictive policies, and rising imports that have depressed farm gate prices. Large volumes of milled and paddy rice remain unsold partly due to smuggling, expired imports, and weak enforcement of quality standards.

Stakeholders believe proper auditing coupled with stronger enforcement could restore market order, protect local farmers, and help stabilize prices. Morrison framed the issue as one of fairness, food safety, and national pride rather than mere market regulation.

Vodacom has reached an out of court settlement with former employee Nkosana Makate, ending nearly two decades of litigation over the widely used Please Call Me service.

The telecommunications company announced on November 5, 2025, that its board approved a settlement agreement on November 4, bringing finality to a legal battle that began in 2007 and traversed multiple courts including the Constitutional Court. Vodacom did not disclose the settlement figure but confirmed it has been accounted for in interim financial results for the six months ending September 30, 2025.

Following the settlement announcement, Vodacom issued an updated trading statement revealing the agreement reduced interim earnings. The company initially projected earnings per share (EPS) would increase 40 percent to 45 percent, reaching a range of 496 cents to 513 cents. The revised guidance shows EPS growth of 30 percent to 40 percent, ranging from 460 cents to 496 cents for the period, due to what Vodacom described as a one off cost.

Financial analysts calculated the settlement value using the change in earnings guidance and Vodacom’s approximately 2.08 billion shares outstanding. The calculations suggest a payout between roughly 353 million rand and 748 million rand, far exceeding the 47 million rand Vodacom previously offered but significantly below the billions claimed in earlier court proceedings.

The settlement came two weeks before a scheduled Supreme Court of Appeal hearing on November 18, where the case was set to return following a Constitutional Court ruling in July 2025. The Constitutional Court had unanimously set aside a February 2024 Supreme Court of Appeal judgment that would have entitled Makate to between 5 percent and 7.5 percent of total revenue generated by the Please Call Me service over 18 years.

Acting Deputy Chief Justice Mbuyiseli Madlanga described the nearly 20 year legal saga as unending litigation and criticized the Supreme Court of Appeal for multiple errors in its February 2024 ruling. The court instructed that a new panel of judges reconsider the case, noting the previous judgment failed to provide adequate reasons and disregarded certain material facts.

Makate conceptualized the Please Call Me idea in November 2000 while working as a trainee accountant at Vodacom. The service allows users to send free text requests asking others to call them back, addressing communication challenges during an era when airtime costs remained prohibitively high for many South Africans. Vodacom launched the feature in January 2001, and it became one of the company’s most successful innovations.

The dispute began in 2007 when Makate claimed Vodacom had promised compensation for his contribution but never followed through. Vodacom denied any binding agreement existed, triggering legal action that spanned nearly two decades. In 2014, the Gauteng High Court confirmed a contractual relationship existed but ruled Vodacom was not legally bound by it.

Makate appealed the decision. The Constitutional Court delivered a landmark 2016 ruling recognizing Makate’s right to reasonable compensation and directing Vodacom to negotiate in good faith. Group Chief Executive Officer (CEO) Shameel Joosub subsequently offered 47 million rand in 2019, which Makate rejected as inadequate.

The February 2024 Supreme Court of Appeal ruling that was later set aside had ordered Vodacom to pay Makate 5 percent of total voice revenue generated from the Please Call Me product from March 2001 to March 2021. The judgment, written by Judge Ashton Schippers, reviewed and set aside Vodacom’s decision to offer 47 million rand, ordering Joosub to recalculate and make a fresh determination.

Makate previously stated in court papers he was demanding a 5 percent share of profits derived from Please Call Me by Vodacom over an 18 year period, which depending on calculation models could have reached approximately 9 billion rand or higher. Various estimates throughout the litigation ranged from 10.2 billion rand to more than 60 billion rand when including accrued interest.

Vodacom argued Makate should be compensated for just five years, contending the company would never have entered into an 18 year contract in 2001. The telecommunications giant maintained that Please Call Me was a value added service that warranted limited compensation based on standard industry practices and contractual frameworks available at the time.

As part of the settlement process, Vodacom withdrew its appeal to the Supreme Court of Appeal and submitted a notice to the High Court abandoning the February 8, 2022, judgment. Both parties expressed relief at reaching finality after years of expensive, emotionally draining litigation that dominated headlines and sparked national debate.

Makate, now 49 years old, confirmed the settlement in a social media post but stated he was bound by confidentiality clauses preventing him from discussing specific terms or amounts. He expressed relief at ending litigation that consumed more than half his life, noting the personal toll of sustained legal warfare against a corporate giant.

The case became a symbol for many South Africans of corporations allegedly undercutting and denying contributions from young Black innovators. Public sentiment largely supported Makate throughout the legal battle, with consumer boycotts threatened and widespread criticism of Vodacom’s initial compensation offers viewed as inadequate given the service’s massive commercial success.

Vodacom, listed on the Johannesburg Stock Exchange (JSE) with a market capitalization exceeding 200 billion rand, indicated the settlement will not materially impact its overall financial position. The company’s shares showed minimal movement following the announcement, reflecting investor relief over the end of prolonged uncertainty.

Legal experts noted the case sets important precedents for good faith negotiations in intellectual property disputes, potentially influencing how South African corporations handle employee innovation rights. The saga highlighted the need for clear contractual agreements regarding employee ideas and demonstrated how prolonged court battles drain resources, pushing parties toward settlements.

For Vodacom, the settlement closes a reputational chapter that overshadowed the brand for years and generated persistent negative publicity. For Makate, it represents validation of his persistence despite facing a powerful adversary with extensive legal resources, though the undisclosed amount leaves room for ongoing speculation about whether justice was fully served.

Ashesi University will bring corporate leader Ebenezer Twum Asante to Accra later this month for a leadership development program focused on turning organizational data into measurable performance.

The two day masterclass takes place November 27 and 28, 2025, from 9:00 AM to 5:00 PM at Kempinski Hotel, Gold Coast City. The program targets senior executives, public sector leaders, and organizational heads seeking to build performance cultures anchored in evidence rather than intuition.

Ashesi’s Center for Leadership confirmed the event through its executive education platform. The program addresses a persistent challenge many African organizations face: converting available information into strategic decisions that produce clear results. Leaders often have access to extensive data but struggle to integrate insights into operational improvements and team performance.

Ebenezer Twum Asante brings decades of continental business experience to the masterclass. He joined Mobile Telephone Network (MTN) in 2008 as Sales and Distribution Executive for MTN Ghana. Prior to joining MTN, he spent 13 years with Unilever, where he held various positions, including Managing Director for Zambia and Customer Development Director and member of the Unilever Ghana Board.

He returned to Ghana after serving for two years as Chief Executive Officer (CEO) of MTN Rwanda. He was appointed Vice President of Southern and East Africa and Ghana Region of the MTN Group in October 2017. He is currently MTN Group’s Senior Vice President for Markets, with overall executive responsibilities of the three regions of MTN Group: West and Central Africa, Southern and East Africa, and Middle East and North Africa.

Standard Chartered Bank Ghana Public Limited Company (PLC) appointed Ebenezer Twum Asante as Chairman of the Board of Directors with effect from March 1, 2023. His career trajectory demonstrates how strategic thinking, analytical discipline, and cultural transformation combine to drive organizational sustainability across multiple African markets.

The first day of the masterclass concentrates on building cultures where insight shapes decision making. Participants engage in interactive exercises and culture mapping sessions designed to identify what enables or prevents their organizations from acting on available intelligence. The session helps executives recognize structural and behavioral patterns that either accelerate or obstruct informed leadership.

Day two shifts to practical implementation. Executives develop strategies they can deploy immediately within their organizations. The focus remains on creating measurable outcomes rather than theoretical frameworks. Participants leave with tools applicable to their specific operational contexts.

The program comes as organizations across sectors recognize that competitive advantage increasingly depends on how quickly and effectively leadership teams can process information and adjust course. Traditional management approaches built primarily on experience and instinct now compete with models that blend human judgment with systematic evidence analysis.

For executives balancing strategy development, cultural transformation, and performance management, the masterclass offers direct engagement with a leader whose record spans fast moving consumer goods, telecommunications, mobile money, and digital transformation initiatives across multiple African countries.

Cape Coast, Nov 6, GNA – Mfantsipim School has once again triumphed, defending its championship position after clinching the top spot in the fiercely contested 2025 National Science and Maths Quiz.

Having lifted the trophy last year, the ‘Botwe’ boys returned to the grand finale to successfully secure their status as back-to-back champions.

At the end of contest at the New Examination Centre at the University of Cape Coast, Mfantsipim clinched 56 points, ahead of St Augustine’s who scored 42 points and Opoku Ware, 29 points, to win the day.

More soon.

GNA

US President Donald Trump has been criticised by world leaders for his stance on climate change, ahead of the global COP30 summit.

President Trump, who is not attending the meeting in the Amazonian city of Belém, was called a liar by the leaders of Colombia and Chile for his rejection of climate science.

UK Prime Minister Sir Keir Starmer acknowledged the waning political support for climate change. He said it had been a unity issue internationally and in the UK, but “today sadly that consensus is gone”.

Over the next two weeks, countries will try and negotiate a new deal on climate change, with a particular focus on channelling more money to forest protection.

Many leaders from the world’s largest nations – India, Russia, US and China – are notably absent from this year’s summit.

And whilst President Donald Trump isn’t attending this meeting in Belém, his views on climate change are certainly on the minds of many of the other leaders present.

Speaking at the UN in September, the US president said that climate change was “the greatest con job ever perpetrated on the world”, and refuted the use of renewable energy.

He said: “The entire globalist concept, asking successful industrialised nations to inflict pain on themselves and radically disrupt their entire societies, must be rejected completely and totally.”

Without naming the US leader, President Luiz Inácio Lula da Silva of Brazil warned on Thursday of “extremist forces that fabricate fake news and are condemning future generations to life on a planet altered forever by global warming”.

The leaders of Chile and Colombia went further, calling the US president a liar, and asking other countries to ignore US efforts to move away from climate action.

Maisa Rojas, Chile’s environment minister, told the BBC: “The science is very clear. It is very important not to falsify the truth.”

But while Trump-bashing went down well with the audience, getting agreement on new steps to tackle warming is proving much harder.

Only a few dozen leaders have turned up here in Belém, and a majority of countries have failed to submit new plans to cut carbon emissions, the root cause of rising temperatures.

Despite UK Prime Minister Sir Keir Starmer acknowledging that global political support for the climate movement is waning, he told the gathering of those that were present: “My message is that the UK is all-in.”

However, on Wednesday night, in a blow to the Brazilian hosts, the UK chose to opt out of its flagship $125bn (£95bn) fund to support the world’s rainforests.

President Lula hoped that $25bn could be raised for the Tropical Forests Forever Facility from public sources – mainly from developed countries like the UK – to support governments and communities protecting the world’s rainforests like the Amazon and the Congo Basin.

The protection of these ecosystems is crucial for tackling climate change – they cover just 6% of the world’s land, yet store billions of tonnes of planet-warming gases and host half of the planet’s species.

The move by the UK has come as a surprise as it had been heavily involved in the fund’s design, and launched a global commitment for countries to halt deforestation by 2030 when it hosted the COP summit in Glasgow in 2021.

Lord Zach Goldsmith, who worked on the issue when he was the former environment minister, told the BBC’s PM programme: “The assumption was that the UK would be a leading participant and at the last minute the UK has walked away. It has caused real frustration to put it mildly here in Brazil… the Brazilian government behind the scenes is furious.”

The decision also seems at odds with the stance of the Prince of Wales. Also addressing leaders on Thursday, he declared the fund “a visionary step toward valuing nature’s role in climate stability” and shortlisted it for his £1m Earthshot Prize.

Prince William tried to encourage leaders to overcome their differences and move forward with action.

“I have long believed in the power of urgent optimism: the conviction that, even in the face of daunting challenges, we have the ingenuity and determination to make a difference, and to do so now,” he said.

And he urged them to take action for the sake of their children and grandchildren.

“Let us rise to this moment with the clarity that history demands of us. Let us be the generation that turned the tide – not for applause, but for the quiet gratitude of those yet to be born,” he said.

From Monday, countries will spend two weeks negotiating further action on climate change – with crucial questions on how to raise finance previously pledged for those already affected by the worst impacts of climate change.

The last few weeks have seen devastating extreme weather globally.

Hurricane Melissa, which hit the Caribbean last week, is one of the strongest the island nations have ever experienced, resulting in the deaths of more than 75 people.

Recent analysis from Imperial College has suggested that climate change increased the extreme rainfall associated with the Category 5 hurricane by 16%.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Former Deputy Minister for Communications, Victoria Hamah, is one step closer to adding the title ‘Dr.’ to her name after defending her Doctor of Philosophy (PhD) thesis.

On Tuesday, November 4, she defended her PhD thesis in Public Administration and Policy Management at the Department of Public Administration, University of Ghana Business School (UGBS).

Her dissertation is titled “Gender Asymmetry in Ghana’s Parliamentary Committees: A Critical Analysis of Women’s Representation and Legislative Influence” and offers a critical examination of the gendered dynamics within Ghana’s parliamentary committee system.

It also explores how institutional structures, political culture and power relations shape women’s participation and legislative influence.

Ms. Hamah took to social media to share her latest milestone with her followers by posting a video of her PhD defence, while sharply dressed in an attire sewn with a University of Ghana cloth.

In her post on Facebook, the gender activist said the successful defence of her PhD thesis reinforces her commitment towards advancing gender equity, democratic governance and inclusive public policy in Ghana.

Since stepping back from active politics, Ms. Hamah has made giant strides in academia and her efforts have been rewarded, with her PhD thesis being upheld.

Ms Hamah recently spent two months in the Czech Republic on an Erasmus Exchange Programme at the Mendel University to enhance the competencies of her PhD research.

Last year, she was also selected for the Bergen Summer Research School organised by the University of Bergen in Norway, where she undertook a course in Artificial Intelligence (AI) in Education.

“I am deeply grateful to my supervisors, examiners, colleagues, and all who supported me throughout this academic journey”she said.

“This humble step reinforces my commitment to advancing gender equity, democratic governance, and inclusive public policy in Ghana and beyond”, she added.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

News Ghana, Latest Updates and Breaking News of Ghana, Isaac Kofi Dzokpo, https://www.newsghana.com.gh/mtn-ghana-ceo-urges-businesses-to-strengthen-cyber-defenses/

The Chief Executive Officer of MTN Ghana, Stephen Blewett, has called on individuals and organizations to strengthen their cyber readiness in response to the country’s growing digital risks.

“Technology is moving really quickly, and with that speed comes new risks,” he said. “We all have to update our skills to stay aware and protected. Ten years ago, no one even talked about cybersecurity  but today, everyone has either been affected or knows someone who has.”

The  Chief Executive Officer was speaking at the MTN Cybersecurity Chat to mark the end of this year’s Cybersecurity Awareness Month, Blewett said the speed of technological advancement demands continuous learning and awareness to stay protected.

He urged the public not to postpone cybersecurity education, warning that complacency leaves individuals and businesses vulnerable to costly breaches.

“Don’t leave it until tomorrow to understand what’s happening today,” he cautioned. “The people using technology for the wrong reasons aren’t sleeping. They’re working every day on the next attack.”

Blewett also noted that artificial intelligence (AI), while offering new opportunities, is being exploited by cybercriminals for impersonations and scams. He encouraged Ghanaians to stay informed about how such technologies work.

“AI is a positive development, but it’s also being used negatively,” he said. “That’s why being aware of how these tools operate is crucial.”

Awareness Remains the Strongest Defense

The Acting Chief Information Officer and General Manager for IT Operations at MTN Ghana, Joseph Adumuah, advised staff and customers to take personal responsibility for their online safety.

“Awareness is key. We must all participate and enhance our knowledge so that we don’t become the weakest link for the company,” he said.

He warned that many attacks start with a single careless click, urging users to be skeptical of “free” online offers and suspicious links.

“Think before you click. There’s nothing really free online. Anything that looks too good to be true probably is,” he added.

Every Breach Matters

Raphael Acquah, Lead Specialist in IT Strategy and Solutions Architecture at MTN Ghana, cautioned that even minor cyber incidents can have severe ripple effects across networks.

“Every security threat is a major threat,” he said. “One weak link can expose everything.”

He urged businesses to adopt a ‘shift-left security’ approach  integrating cybersecurity measures during the early stages of system design to prevent vulnerabilities before deployment.

Protecting Data in the Digital Economy

Nanatunde Davies, Senior Manager for Enterprise Risk Management at MTN Mobile Money Limited, reminded the public that personal information has become a valuable asset in the digital age.

“Our data is the new gold. Protecting it should be a priority,” she said.

She encouraged individuals to use stronger passwords, password managers, and multi-factor authentication, noting that weak credentials remain the easiest path for hackers.

National Infrastructure at Stake

A Senior Manager at the Cyber Security Authority (CSA), Gerald Awadzie, also called for stronger national frameworks to safeguard Ghana’s growing digital infrastructure.

“Ghana’s future is undeniably digital  from public services to personal transactions,” he said. “Protecting these systems is now a matter of national importance.”

News Ghana, Latest Updates and Breaking News of Ghana, Isaac Kofi Dzokpo, https://www.newsghana.com.gh/mtn-ghana-ceo-urges-businesses-to-strengthen-cyber-defenses/Read More

The Chief Executive of the Environmental Protection Agency (EPA), Professor Nana Ama Browne Klutse, has appealed to the private sector to work with government and environmental agencies to help reclaim degraded lands across the country.

She made the call during a changfan ban enforcement operation in the Ashanti Region, where she expressed concern over the devastating effects of illegal mining on farmlands, forests, and water bodies.

Professor Klutse revealed that an estimated three million hectares of land have been destroyed due to illegal mining, according to reports from the World Bank and the EPA’s own findings.

“We are deeply worried because about three million hectares of land have been degraded. To restore these lands to their original state requires a lot of work, backfilling the holes, giving the rivers their original paths, planting trees, and bringing the environment back in order,” she said.

She added that the cost of reclamation is very high, making it difficult for the government and the EPA to shoulder the burden alone.

“It’s a huge cost on the state, government, and EPA. We are therefore advocating for the private sector to come in to support the reclamation of our lands and restoration of our water bodies,” Professor Klutse stated.

She noted that the EPA is currently working to secure funds and seeking proposals to support land reclamation and water body restoration projects across the country.

According to her, although the situation is worrying, the EPA remains committed to protecting the environment and ensuring that degraded lands are restored for sustainable use.

By: Jacob Aggrey

By Dennis Peprah, GNA 
 
Wenchi, (Bono), Nov. 6, GNA – The Wenchi Agricultural College and Applied Technology in the Bono Region, has admitted 109 fresh students to pursue various diploma programmes in agriculture. 
 
Addressing a matriculation ceremony of the college at Wenchi, Mr Wahab Abdulai, the Principal of the College said the freshers comprised 66 males representing 61 percent and 43 females representing 39 percent. 
 
He congratulated them for gaining admission to the school, and urged them to remain disciplined and learn hard. 
 
“You have earned your place here through hard work, perseverance, and determination,” he stated and said the college remained committed to high academic excellence, innovation and character development. 
 
He said the college believed that quality education was beyond acquiring certificates, but also nurturing minds, disciplined and practical hands-on training and developing the capacity of students to contribute meaningfully towards accelerated national development. 
 
Mr Abdulai urged the students to leverage on the opportunities provided them and remain diligent, attend lectures regularly and promptly, and make good use of the learning facilities at the college. 
 
He entreated them to uphold the values of honesty and respect and eschew unhealthy behaviours and unlawful practices like examination malpractice, petty theft and acts of immorality, substance abuse and other misconduct that could truncate their education and ruin their future. 
 
Mr Emmanuel Afful, the Wenchi Municipal Director of Agriculture urged the students to remain disciplined and always concentrate on their books. 
 
He observed that the world was changing rapidly, saying agriculture remained key to sustainable development, food security, and economic empowerment. 
 
“You are the future stewards of this vital sector,” he challenged the students, and asked them to embrace the challenges ahead with courage and creativity. 
 
Mr Afful commended the college authorities and faculty members and staff for their unwavering dedication to shaping the next generation of agricultural leaders. 

GNA 

Edited by Lydia Kukua Asamoah

The Chief Executive Officer of MTN Ghana, Stephen Blewett, has called on individuals and organizations to strengthen their cyber readiness in response to the country’s growing digital risks.

“Technology is moving really quickly, and with that speed comes new risks,” he said. “We all have to update our skills to stay aware and protected. Ten years ago, no one even talked about cybersecurity  but today, everyone has either been affected or knows someone who has.”

The  Chief Executive Officer was speaking at the MTN Cybersecurity Chat to mark the end of this year’s Cybersecurity Awareness Month, Blewett said the speed of technological advancement demands continuous learning and awareness to stay protected.

He urged the public not to postpone cybersecurity education, warning that complacency leaves individuals and businesses vulnerable to costly breaches.

“Don’t leave it until tomorrow to understand what’s happening today,” he cautioned. “The people using technology for the wrong reasons aren’t sleeping. They’re working every day on the next attack.”

Blewett also noted that artificial intelligence (AI), while offering new opportunities, is being exploited by cybercriminals for impersonations and scams. He encouraged Ghanaians to stay informed about how such technologies work.

“AI is a positive development, but it’s also being used negatively,” he said. “That’s why being aware of how these tools operate is crucial.”

Awareness Remains the Strongest Defense

The Acting Chief Information Officer and General Manager for IT Operations at MTN Ghana, Joseph Adumuah, advised staff and customers to take personal responsibility for their online safety.

“Awareness is key. We must all participate and enhance our knowledge so that we don’t become the weakest link for the company,” he said.

He warned that many attacks start with a single careless click, urging users to be skeptical of “free” online offers and suspicious links.

“Think before you click. There’s nothing really free online. Anything that looks too good to be true probably is,” he added.

Every Breach Matters

Raphael Acquah, Lead Specialist in IT Strategy and Solutions Architecture at MTN Ghana, cautioned that even minor cyber incidents can have severe ripple effects across networks.

“Every security threat is a major threat,” he said. “One weak link can expose everything.”

He urged businesses to adopt a ‘shift-left security’ approach  integrating cybersecurity measures during the early stages of system design to prevent vulnerabilities before deployment.

Protecting Data in the Digital Economy

Nanatunde Davies, Senior Manager for Enterprise Risk Management at MTN Mobile Money Limited, reminded the public that personal information has become a valuable asset in the digital age.

“Our data is the new gold. Protecting it should be a priority,” she said.

She encouraged individuals to use stronger passwords, password managers, and multi-factor authentication, noting that weak credentials remain the easiest path for hackers.

National Infrastructure at Stake

A Senior Manager at the Cyber Security Authority (CSA), Gerald Awadzie, also called for stronger national frameworks to safeguard Ghana’s growing digital infrastructure.

“Ghana’s future is undeniably digital  from public services to personal transactions,” he said. “Protecting these systems is now a matter of national importance.”