Tuesday, September 18, 2018

Ghana Trade & Commerce Awards 2018


Deluge of nominations for 2018 Ghana CEO Awards

The organizers of the upcoming 2018 GhanaNominations are about to open for potential winners of the maiden edition of the Ghana Industry CEO Awards. Nominations will be accepted from Tuesday, September 4 to Tuesday, September 18, 2018, a two week period.
The 2018 Ghana Industry CEO Awards are being organized by The Business Executive magazine, publishers of a leading monthly journal, published from Accra and circulated across the West African sub region through a unique collaboration with the Federation of West African Chambers of Commerce and Industry.    
The Ghana Investment Promotion Centre is the supporting institution for th e awards scheme and its CEO, Mr Yofi Grant is the Awards Ambassador.
The awards, which will subsequently be conferred annually aim at identifying and publicly recognizing the most outstanding CEOs across 15 delineated sectors of the economy, with a view to encouraging improved corporate governance and institutional leadership standards in the country. Winners and both the first and second runners up in each sector will be honoured at a red carpet buffet dinner awards ceremony scheduled for November 23 in Accra.
Nominations which will be done by the general public – both self nominations and third party nominations are allowed – are the first step in a thorough and painstaking process through which the eventual winners will be determined. After the nominations close a dedicated team of research consultants will conduct due diligence and verify the claims made in the nominations, and from this will derive a short list of nominees who will subsequently be voted for by the general public in a process which will last from October 5 to October 19.
AA&K Services an indigenous auditing and management consultancy firm, rated “A” by the Institute of Chartered Accountants, Ghana [ICAG] will serve as voting validators and indeed have the mandate to supervise and ensure the integrity of the entire voting process.
Nominations can be made through a dedicated website established by The Business Executive for the awards at the address:  https://www.ghiceoawards.com/nominate-now.php
The website sets out criteria that will be considered in assessing nominations received. These  include evidence of outstanding professional and leadership conduct by nominees, level of expertise, commitment to good corporate governance and to fiscal and corporate social responsibility and actual accomplishments, both professional and managerial.
Nominees will be drawn from CEOs of both privately owned and public enterprises – but not government bureaucratic institutions and non-profit social and religious institutions. Furthermore they must be CEOs of enterprises that are members of the Association of Ghana Industries, Ghana National Chamber of Commerce and Industry, Ghana Club 100 or be listed on the Ghana Stock Exchange.
According to Paulette Kporo, Publisher and CEO of the Business Executive magazine, the organizers are expecting hundreds of nominations and thousands of eventual votes. She also confirms that corporate sponsorship opportunities are still available, with sponsorship packages being structured to fit the specific budgets and objectives of each sponsor.

Monday, July 23, 2018

The Business Executive: New EC Chairperson Appointed.

The Business Executive: New EC Chairperson Appointed.: President Nana Addo Dankwa Akufo-Addo has appointed the head of the Institute for Economic Affairs Jean Mensa as the Chairperson of th...

Ghana’s debt hits GHc154.3bn


https://thebusinessexecutive.net/news/details.php?post=55

Data published by the Bank of Ghana after its Monetary Policy Committee Meeting has put Ghana’s total debt stock at 154.3 billion cedis as at May 2018.
The figure shows that the debt stock to GDP dropped on Year-on-Year basis from 67.3 percent in 2017 to 63.8 percent in the same period under review.
Breakdown of debt
According to the data, the External component of the debt stock was at 18.5 billion dollars, while the domestic stood at 72.6 billion cedis by May.
A critical look at the data however shows that government added 6.3 billion cedis to the debt stock from March 2018 to May 2018.
The debt increased from 148 billion cedis in March to 154.3 billion cedis in May, showing an increase in debt to GDP from 61.2 percent to 63.8 percent in the same period.

It is not clear what may have caused the debt to increase.

Banking sector performance

In the banking sector, the data showed that total assets saw an increase on Year on Year basis from 86.7 billion cedis in June 2017 to 100.3 billion cedis in the same period in 2018.
This however showed annual growth of 30.8 percent in June 2017, compared to 15.7 percent in June 2018.
On Year on Year basis, the Non-Performing Loans, which is credit gone bad in the banking sector increased from 21.2 percent in June 2017 to 22.6 percent in June 2018.
The figure however showed that the NPL dropped marginally from 23.4 percent in April this year to 22.6 percent in June.
External performance
On export and import, the data showed that Ghana earned 7.8 billion dollars from export as against 6.7 billion in import for June 2018, leaving a trade balance of 1.1 billion dollars.
This means that by June this year, the country has imported more goods than it has exported.
Gold, Cocoa and oil fetched the country 2.8 billion dollars, 1.4 billion dollars and 2.1 billion dollars respectively.
Credit: Citifmonline.com




Posted by:The Business Executive 
Date: 07-23-18
 

New EC Chairperson Appointed.




President Nana Addo Dankwa Akufo-Addo has appointed the head of the Institute for Economic Affairs Jean Mensa as the Chairperson of the Electoral Commission.
Below is the full statement signed by the Chief of Staff Frema Opare
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has, by letter dated, ‘Thursday, 190 July, 2018, sought the advice of the Council of State, in accordance with Article 70(2) of the Constitution, for the appointment of a new Chairperson, two Deputy Chairpersons, and a Member of the Electoral Commission (EC).
This follows the removal from office, on Thursday, 28th June, 2018, of the former Chairperson of the EC, Mrs Charlotte Osei, and the two deputies, Mr. Amadu Sulley and Mrs. Georgina Opoku Amankwah, by President Akufo-Addo, after the Committee established by the Chief Justice, Justice Sophia Akuffo, to investigate petitions brought against them, recommended their removal. Further, the retirement from office of Mrs. Pauline Dadzawa, a Member of the Commission, on Monday, 30m April, 2018, has created an additional vacancy in the Commission.
The following persons have, thus, been nominated for appointment by the President to fill these vacancies, subject to the advice of the Council of State: 1. Mrs. Jean Adukwei Mensah — Chairperson
2. Mr. Samuel Tettey — Deputy Chairperson
3. Dr. Eric Asare Bossman — Deputy Chairperson
4. Ms. Adwoa Asuama Abrefa — Member of the Commission
President Akufo-Addo is hopeful that the Council of State will discharge its constitutional duty expeditiously, to enable hint make these critical appointments to this very important institution of State.

Mesut Ozil: German FA rejects the Arsenal midfielder's racism claim


Mesut Ozil
Ozil could not stop Germany losing to South Korea and going out of the 2018 World Cup at the group stage

Germany's football association (DFB) has "emphatically rejected" allegations of racism from Arsenal's Mesut Ozil but says it could have done more to protect him from abuse.
Ozil, 29, announced his retirement from international football, citing "racism and disrespect" within German football.
The midfielder says he received hate mail and threats and was blamed for Germany's disappointing World Cup.
The DFB said it "regrets the departure of Mesut Ozil from the national team".
It added in a statement: "We emphatically reject the DFB being linked to racism. The DFB has been very involved in integration work in Germany for many years."
Ozil was criticised by the DFB and in German media after being photographed with Turkish president Recep Tayyip Erdogan at a London event in May.
He received more criticism after Germany were knocked out of the World Cup in the group stages.
The DFB conceded it had not handled the matter well, adding: "It is regrettable that Mesut Ozil felt that he had not been sufficiently protected as a target of racist slogans."
However, it stressed its commitment to equality, saying: "The DFB stands for diversity, from the representatives at the top to the boundless, day-to-day dedication of people at the base."

Source: BBC.com/news

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