Source: tntnewspapergh.com

1. What would be the total cost for the implementation of the 24-hour economy? and what would be the significant effects of the 24-hour economic policy at the macroeconomics level, and microeconomics level?

2. How would the 24-hour economy help Ghana to reduce the exchange rate from $1 to 2ghc or $1 to 1ghc?

3. How would the 24-hour economy reduce Ghana’s debt from 767 billion Cedis to the debt level of 120 billion Cedis within 2025-2029?

4. What would be the legal framework supporting the 24-hour economic policy?, and what salary adjustments would the government introduced for the Public Sector Employees working under the 24-hour economy?

Razak KoJo Opoku

1. How would the villages, towns and communities without electricity benefit from the 24-hour economy?

2. How would the farmers and their workers benefit from the 24 hour economy?

Mr.John Dramani Mahama

1. How would Ghanaians benefit from the Ministries, Departments and Agencies of government that closes from work at exactly 5pm?

2. How would the limited number of Police and Security agencies sustain the 24-hour economy especially in the criminal zones, villages, towns and communities without electricity?

3. If there is a come back of DUMSOR, how would the 24-hour economy be implemented across the Country?

4. How would the aged, people with disabilities, babies, children, and the vulnerable in society benefit directly from the 24-hour economy as Citizens of Ghana?

5. What would be the correlation between the 24-hour economy and digitalization?

6. How would the 24-hour economy be successful without One District One Factory Programme of Akufo-Addo’s government?

7. How would the 24-hour economy be successful without Bawumia’s digital economic Policy initiatives?

8. What would be the significant contribution of the 24-hour economy to Ghana’s Gross Domestic Product(GDP) within 4years?

9. What would be the significant contribution of the 24-hour economy to the reduction of Banks interest rates on loans?

10. What would be the significant contribution of the 24-hour economy to the reduction of the Inflation rates?

11. What would be the significant contribution of the 24-hour economy to the attainment of the Sustainable Development Goals within 4years?

12. How would the Judiciary, lawyers, and the various Courts across the Country benefit from the 24-hour economy?

13. How would the marketwomen, traders, and the general private sector business community benefits DIRECTLY from the 24-hour economy?

14. Can the 24-hour economy address all the socioeconomic problems of Ghana?, and how feasible would that be practically?

15. How would the 24-hour economy benefit Public & Private Universities and other tertiary institutions in the Country?, and what would be the impact on students especially pregnant and nursing mothers?

16. How would the 24-hour economy protect the environment and natural resources of the State?

17. Practically, how would the 24-hour economy helps to reduce government’s borrowing from both the domestic and international markets?

18. How would the 24-hour economy address the structural problems of Ghana’s economy?, and help Ghana to pay all its internal and external debts?

Respectfully, I hope John Mahama and the NDC members would be able to sincerely provide answers supported by Data Projections and best practices around the world to the 24 questions on their proposed 24-hour economy within 24 hours.

 

Source:tntnewspapergh.com

The MTN Ghana Foundation is excited to announce the successful on boarding of 150 beneficiaries for the second edition of its MTN Enterprise Support Program. These beneficiaries wereselected through a rigorous process that included pitch competitions and interviews conducted in Central, Eastern, Volta, and Greater Accra regions of Ghana.

The MTN Foundation’s Enterprise Support Program is a transformative initiative aimed at empowering Ghanaian entrepreneurs. This year, the program has supported 39 differently abled individuals, 61 women, and 50 young people, all of whom run small businesses.

A group picture of the Beneficiaries

Beneficiaries received a package that included comprehensive business training and seed capital ranging from GHC 10,000 to GHC 20,000. Participants will also receive training in bookkeeping, costing, and pricing, branding, sales and marketing, financial literacy, digital marketing, and customer service, all tailored to meet their specific needs.

Adwoa Afriyie Wiafe

This program is part of the MTN Ghana Foundation’s commitment to fostering the growth of small and medium-sized enterprises (SMEs), which play a vital role in driving Ghana’s economy. It specifically targets youth, women, and differently abled persons who are entrepreneurs as part of its diversity and inclusion program.

 

During the on boarding ceremony for beneficiaries in the Eastern Region, Adwoa Afriyie Wiafe, the Chief Corporate Services and Sustainability Officer of MTN Ghana, stated, “Today, we are here to continue our efforts to promote inclusive and sustainable growth for entrepreneurs through the MTN SME Support Program.

This initiative, led by the MTN Ghana Foundation, aims to contribute to ongoing efforts to bring the nation closer to achieving Sustainable Development Goal 9, which focuses on Industry, Innovation, and Infrastructure.”

 

The selected beneficiaries expressed gratitude to MTN for believing in them and providing capital for their businesses. They committed to utilizing the funds wisely to expand their ventures.

 

Lawrence Inkoom, a sandal maker, shared his experience: “I was struggling to find support to invest in my business, but help was not forthcoming. With the support of the MTN Ghana Foundation, I can now produce more sandals for the market.”

 

Christine Dekator, a differently abled beneficiary from the Volta region expressed her gratitude to MTN Ghana Foundation for support. She said “the funds will help expand her cassava farm and gari processing business”.

 

Memuna Ahmed, a Palm oil processor from the Eastern region, was so excited to receive this support from MTN Ghana Foundation. She said “This support will relieve me of most of the challenges I am currently facing in my business”.

 

The MTN Ghana Foundation launched the Enterprise Support Program as part of a commitment made during MTN Ghana’s 25th-anniversary celebrations to boost the sector. The program aims to support approximately 500 micro, small, and medium enterprises (MSMEs), consisting of youth, women, and differently abled entrepreneurs over  a period of five years. By providing these SMEs with the necessary tools, resources, and mentorship, the initiative seeks to create a more vibrant and resilient business landscape.

 

Following the launch of this initiative in partnership with Innohub in 2023, a total of 140 businesses were selected from the Greater Accra, Ashanti, and Western regions.

 

End.

 

 

 

Media Contacts:

Adwoa Wiafe

Chief Corporate services and sustainability Officer

 

Georgina Asare Fiagbenu

Corporate Communications Senior Manager

Email: MTNGhana.MediaOffice@mtn.com

 

 

 

 

 

The Vice President and Presidential Candidate of the NPP, Dr Mahamudu Bawumia, has launched myCreditScore, a personalised credit reference and scoring system for Ghanaians.

Backed by the Central Bank, this Credit Scoring System offers individual Ghanaians the opportunity to demonstrate their creditworthiness transparently, helping them access credit more easily.

Through this system, individuals who display good credit behaviour and earn high scores will be rewarded by financial institutions, enabling them to access larger credit amounts and benefit from their financial responsibility.

At the launch event in Accra on Thursday, Dr Bawumia described the credit scoring system as a “momentous occasion” and a “step forward in building a dynamic credit economy for Ghana and all Ghanaians.”

He noted, “It is a significant milestone in Ghana’s journey towards a financially inclusive and empowered society,” adding that the launch of myCreditScore represents “yet another chapter in the nation’s ambitious journey towards financial inclusion.”

A Solution to Longstanding Lending Challenge

Dr Bawumia, who spearheaded the project, said that myCreditScore introduces a critical tool that transforms access to credit in Ghana and addresses longstanding challenges related to lending and borrowing.

“With this system, the financial sector will now have a reliable way to assess the creditworthiness of individuals, a change that is expected to help address high lending rates.

“The absence of a credit information system has increased lending risks, leading financial institutions to offer less credit,” Dr Bawumia noted.

“A credit reporting system in Ghana will provide timely, accurate, and up-to-date information on debt profiles and borrowers’ repayment history, yielding numerous benefits

The Vice President and Presidential Candidate of the NPP, Dr Mahamudu Bawumia, has launched myCreditScore, a personalised credit reference and scoring system for Ghanaians.

Backed by the Central Bank, this Credit Scoring System offers individual Ghanaians the opportunity to demonstrate their creditworthiness transparently, helping them access credit more easily.

Through this system, individuals who display good credit behaviour and earn high scores will be rewarded by financial institutions, enabling them to access larger credit amounts and benefit from their financial responsibility.

At the launch event in Accra on Thursday, Dr Bawumia described the credit scoring system as a “momentous occasion” and a “step forward in building a dynamic credit economy for Ghana and all Ghanaians.”

He noted, “It is a significant milestone in Ghana’s journey towards a financially inclusive and empowered society,” adding that the launch of myCreditScore represents “yet another chapter in the nation’s ambitious journey towards financial inclusion.”

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A Solution to Longstanding Lending Challenges

Dr Bawumia, who spearheaded the project, said that myCreditScore introduces a critical tool that transforms access to credit in Ghana and addresses longstanding challenges related to lending and borrowing.

“With this system, the financial sector will now have a reliable way to assess the creditworthiness of individuals, a change that is expected to help address high lending rates.

“The absence of a credit information system has increased lending risks, leading financial institutions to offer less credit,” Dr Bawumia noted.

“A credit reporting system in Ghana will provide timely, accurate, and up-to-date information on debt profiles and borrowers’ repayment history, yielding numerous benefits.”

 

He added, “This initiative comes at a crucial time for Ghana’s financial sector. Recent data from CEIC Data shows that, as of August 2024, Ghana’s non-performing loan (NPL) rate stands at 24.3%, with a peak of 26.7% earlier this year.”

High NPL levels have indicated challenges within Ghana’s financial ecosystem, and the lack of a standardised, transparent credit scoring system has increased risks for lenders and limited financial inclusion for borrowers.

“The introduction of myCreditScore is a pivotal step toward addressing these challenges, aligning Ghana’s credit ecosystem with international standards, and promoting a culture of responsible borrowing,” Dr Bawumia added.

The Vice President highlighted positive outcomes from a pilot project, saying, “Results from the myCreditScore pilot show a stark improvement, achieving an NPL ratio of just 1.4%, a remarkable contrast to the 20.7% average reported in 2023 by the Bank of Ghana.”

He expressed optimism that myCreditScore will enable fairer and more consistent evaluations of creditworthiness, reduce defaults significantly, and boost confidence among financial institutions, ultimately expanding access to credit for individuals and businesses alike.

“This initiative reflects a broader commitment to sustainable economic growth, where financial stability and trust in credit practices play foundational roles,” he remarked.

“With systems like myCreditScore, Ghana is positioned to transition into a financial ecosystem that facilitates responsible borrowing and lending practices, driving economic resilience and inclusive growth for all stakeholders.”

A 17-Year Journey Fulfilled

Dr Bawumia expressed satisfaction at realising a personalised credit scoring system for Ghana, recalling that the journey began in 2007 during his tenure as Deputy Governor of the Bank of Ghana, following the passing of the Credit Reporting Act by Parliament. However, the project did not progress further after a government change in 2009.

“The purpose of the Credit Reporting Act (Act 726) is to provide a legal and regulatory framework for credit reporting in Ghana,” he explained.

“The availability of credit information is widely recognised as essential for the development and maintenance of an effective financial sector, as borrowers often have a natural incentive not to disclose negative information about themselves.”

An Effective Partnership with the Private Sector

Dr Bawumia acknowledged that the launch of myCreditScore represents another success story of effective government-private sector collaboration.

He expressed gratitude to the Bank of Ghana and other stakeholders for supporting the project’s launch and commended the ingenuity of Ghana’s private sector, which he said has developed all the digital initiatives he has championed.

“My thanks go to the Governor of the Bank of Ghana, the management and staff, for making this possible. This credit scoring initiative you have licensed and which we are launching today is a major achievement, and Ghana will forever be grateful.”

He added, “I am also thrilled that this initiative is a homegrown Ghanaian private-sector effort. We will continue to support our private sector in championing such initiatives in digital and other sectors.”

He concluded with optimism: “Let us move forward with purpose, knowing that together we’re building a Ghana where financial inclusion is real, dreams are within reach, and every Ghanaian has the chance to achieve financial security and prosperity. It is possible!”Source:myjoyonline.com

The New Patriotic Party (NPP) Presidential Candidate for 2024 general election, Dr Mahamudu Bawumia, has pledged to develop an airport city in Manhyia North, modelled after the Airport City in Accra if elected president.

Concluding the third day of his Ashanti Region tour on Wednesday, Dr Bawumia addressed supporters, expressing his commitment to lead this initiative, drawing on his previous experience with the Kumasi and Tamale airport projects.

Dr.Mahamudu Bawumia addressing stakeholders

“We want to establish an Airport City here in Manhyia North so that you will gain some benefits. I led the negotiations concerning this airport with the UK government… So just as we have an Airport City in Accra, we want to have one here in Kumasi.

He encouraged voters to support his presidential bid, adding, “If you vote for me, by the grace of God, I can be president for eight years, and I will come back here and give accounts of my work.

“Promote me and let me be the president. Give me the steer and let me drive,” he said.By: Hanson Agyemang

Source: tntnewspapergh.com

MTN Ghana has officially launched its inaugural Sustainability Week celebration under the theme “Sustainability: Our Collective Responsibility.”

This week-long event showcases MTN’s commitment to Environmental, Social, and Governance (ESG) principles.

The celebrations kicked off with the unveiling of an electric car and motorbike at MTN House, along with a display highlighting how MTN is utilising solar energy and renewable resources to reduce its energy sources.

Stephen Blewett, the CEO of MTN Ghana, emphasised the importance of sustainability for future generations.

“Sustainability is for future generations, and the current generation has a responsibility to care for the environment.

MTN is implementing initiatives aimed at achieving the company’s ESG goals and strategic intent.”

The CEO urged MTN employees to embrace sustainable practices to make the world a better place.

Adwoa Afriyie Wiafe, the Chief Corporate Services and Sustainability Officer of MTN Ghana, noted that the Sustainability Week is vital for realising MTN’s Ambition 2025 Strategic Intent and the company’s commitment to ESG principles.

She explained, “Our sustainability vision seeks to create shared value for our stakeholders through responsible environmental, social, and governance practices and solutions.”

The weeklong program has activities like “Lunch and Learn,” “Eco Talk,” and “Bright Conversations,” which will bring employees and others together to reflect on MTN’s journey so far and its plans for the future.

MTN Ghana is dedicated to fostering a sustainable future and enhancing the well-being of society.

In celebrating Sustainability Week, the company aims to raise awareness about environmental and social issues, inspire positive change, and reinforce its commitment to sustainable development