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AMA organises economic empowerment summit women in informal sector
The Accra Metropolitan Assembly (AMA) has organized an economic empowerment summit for women in the informal sector in the metropolis.
The summit which was organised by the AMA in collaboration with Women in Informal Employment: Globalizing and Organizing (WIEGO), United Bank for Africa (UBA), and Glitz Africa sought to among other things equip the women mostly street vendors, market traders, waste pickers, with the knowledge to enhance their skills and entrepreneurship abilities as well as improve their financial status and overall well-being.
The attendees numbering about 500 were taken through topics including the impact of COVID-19 on the informal economy and strategies to build resilience, starting a business, partnerships in women’s economic empowerment, financial literacy, and women’s health among others.
Speakers at the summit included the Mayor of Accra, Hon Elisabeth K.T Sackey; Founder of Nyonyo Essentials, Mrs. Chichi Yakubu; Founder of Glitz Africa and UNFPA Ambassador, Mrs. Claudia Lumor; Branch Manager, UBA, Ms. Josephine Amo-Asare; Metro Health Director: Dr Abena Okoh.
Mayor of Accra, Hon Elizabeth K.T Sackey in a keynote address said the experience had shown that improving women’s economic opportunities and access to productive resources impacted their overall social status and societies emphasizing that “Women’s economic empowerment and financial inclusion have been recognized as key to achieving the 2030 agenda for Sustainable Development.”
She said despite several women-owned businesses and institutions, a significant number of them are still unemployed whiles others also suffer from financial and business challenges.
She mentioned that the AMA through its social welfare department had rolled out several interventions to improve the well-being of women and the vulnerable in communities.
She disclosed that the Assembly was working with Wiego, a global network dedicated to improving the working conditions of the working poor especially women in the informal economy to “revamp and renovate some Day Care Centers in the markets,” the Mayors Migration Council to “effectively integrate informal waste pickers including women into the Waste Management system in the Assembly” and support them with resources and training as well as “registering women on the National Health Insurance Scheme to ensure equal access to healthcare.”
Metro Director of Health, Dr Abena Okoh, in her presentation enlightened the women on their general well-being, reproductive health, family planning, and sexually transmitted diseases.
She said the drugs women take predispose them to hypertension and diabetes.
“The rate of hypertension and diabetes among women in the metropolis were on the increase based on studies from 2013-2022 and this could be due to the drugs women take which leads to hormonal changes, ” she said.
She used the opportunity to encourage women to frequently visit health facilities in the metropolis and beyond to be screened.
Mrs Josephine Amo-Asare of the UBA Bank who took the women through financial literacy, noted that cash flow and control management were essential to the survival and expansion of businesses.
She urged the women to ask for help from experts while showing high integrity that would help their businesses to grow and support others too.
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
