Olam Agri, a leading global food and agribusiness, has appointed Baibhav Biswas, as Country Head in Ghana. Mr. Biswas will oversee Olam Agri Ghana’s operations and drive its continued growth and success. Mr. Biswas brings a wealth of expertise to his new role, having held various leadership positions within Olam Agri and other organisations for over three decades. His extensive experience in international markets, particularly in Africa, has equipped him with a deep understanding of the local business landscape and the challenges and opportunities it presents. Before his appointment, Biswas served as the Business Head of Olam Agri’s Grains business…
Author: qwezink
Managing Director of GCB Bank PLC, John Kofi Adomakoh, has expressed concern over the rising culture of loan defaults among Ghanaians, which he says is significantly contributing to the surge in non-performing loans (NPLs) within the banking sector. At its 119th Monetary Policy Committee press briefing, the Bank of Ghana disclosed that the industry’s NPL ratio had surged to 24.1 percent in June 2024, up from 18.7 percent in the same period of 2023, underscoring the heightened credit risk in the system. Speaking at the “Facts Behind the Figures” programme organised by the Ghana Stock Exchange, GCB Bank MD John…
Ghana Football Association (GFA) President, Kurt Okraku, has called for a review of taxes on football items further citing the situation as “inimical” to the industry. He said this in his extensive speech delivered at the 30th Ordinary Congress at the Ghanaman Soccer Centre of Excellence in Prampram. The GFA President’s speech was stated on Day 2 of the Congress with the opening day highlighted by a sod cutting ceremony for the construction of a gym, a swimming pool and futsal arena. Touching on the thorny issue of taxes, the GFA Boss indicated that taxes on imported football items like football…
Arsenal have completed the signing of Spain midfielder Mikel Merino from Real Sociedad for a fee that could reach £31.6m. The 28-year-old moves to north London on a four-year contract with the option of a further 12 months after the Gunners agreed to pay an initial £27.4m plus £4.2m in add-ons. “Mikel is a player who will bring us huge quality with his experience and versatility,” said manager Mikel Arteta. Merino was part of the Spain squad who won Euro 2024, featuring in all seven matches in the tournament and scoring a late winner in extra time against Germany in…
Despite exiting early in a disappointing campaign, Hasaacas Ladies forward Grace Animah has made it into the WAFU Zone B Best XI. The competition that served as the qualification to the CAF Women’s Champions League main stage was held in Cote D’Ivoire. Hasaacas Ladies represented Ghana in the tournament but exited at the group stage after bagging four points from three games. In Group B, Hasaacas Ladies drew goalless with Burkina Faso’s Omnisport, lost 3-0 to Edo Queens of Nigeria and hammered AS Garde of Niger 6-1. Omnisport qualified in second place ahead of Hasaacas thanks to spotting a goal…
Nana Amapene Boateng Twum II, the Chief of Nyinahin, has commended the New Patriotic Party (NPP) government for its impressive performance in office. He remarked that the administration of President Nana Akufo-Addo and Vice President Dr Mahamudu Bawumia has established a strong foundation for growth, making a compelling case for the NPP to be re-elected to continue their good work. Referring to developments in his traditional area, Nana Amapene Boateng Twum II highlighted the significant transformation that Nyinahin has undergone under the NPP government. He noted that the community has benefited from several key projects since the NPP took office,…
The Africa Prosperity Network (APN), organisers of Africa Prosperity Dialogues (APD), in collaboration with Africa-America Institute (AAI), a premier US-based international organisation dedicated to strengthening the human capacity of Africans, will jointly host the second edition of the Global Africa Forum (GAF) on the sidelines of the 79th session of the United Nations (UN) General Assembly in New York City, United States of America. The Global African Forum serves as a platform for connecting the African continent with its diaspora to foster collaboration and take advantage of economic opportunities aligned with the African Union’s Agenda 2063. The second edition will be held…
Asantehene, Otumfuo Osei Tutu II has destooled the Gyasehene of Sabronum, Nana Gyau Baffour Atuonin and two other chiefs for aiding and engaging in illegal mining activities in the area. This means the chiefs have been stripped of their titles and responsibilities. This follows agitations by youth and residents of the area and a subsequent petition to the Asanteman Traditional Council on the continuous destruction of farmlands and water bodies due to the activities of illegal miners. The Asantehene on Monday summoned Gyasehene, Akyeamehene and the Baamuhene to the Manhyia Palace for their involvement in illegal mining activities in the…
The Vice President, Dr Mahamudu Bawumia, has warned against the increasingly powerful influence of misinformation and disinformation on national development, especially as the nation heads towards Presidential and Parliamentary elections in December. He has therefore called on all stakeholders, including the Military and other security agencies, to be alert and vigilant to avoid falling for fake and misleading material that could lead to unnecessary actions. Speaking at the Joint Graduation Ceremony of the Ghana Armed Forces Command And Staff College Course 45 and the Master Of Science In Defence And International Politics in Accra on Friday, August 23, 2024 Vice…
The Ghana Revenue Authority (GRA) has added its voice to the growing calls for comprehensive policy reforms to amend the country’s tax systems. This call for change was strongly emphasised by the Commissioner-General of the GRA, Julie Essiam, during her address at the 12th Annual International Tax Conference, an event organized by the Chartered Institute of Taxation, Ghana. Commissioner-General Essiam pointed out the pressing need for a reevaluation of the current Value Added Tax (VAT) structure, which she described as cumbersome and challenging for both individuals and businesses to navigate. In her remarks, she underscored the importance of creating a…