Connect with us

Hot!

Depositors funds remain safe – BoG Governor assures

The Bank of Ghana (BoG) has assured its depositors that their funds remain safe despite challenges that struck the banking sector.

The central bank noted that it will take proactive steps to forestall any actions intended to put the funds of depositors at risk.

In his address at a dinner to mark the 60th-anniversary celebration of the Chartered Institute of Bankers (CIB) held at the University for Professional Studies (UPSA) in Accra, the Governor of the Bank of Ghana, Dr. Ernest Addison, maintained that the Bank of Ghana’s financial system remains intact.

“This notwithstanding, let me use this opportunity to once again assure the public that, on the back of the DDEP and other risks that may emerge in the banking sector, the Bank will continue to closely monitor developments and, where need be, take appropriate and decisive actions to address the same. Also, the Bank will ensure that depositors’ funds remain safe, and that the financial system remains stable and resilient,” he stated.

Advertisement

Additionally, Dr. Ernest Addison expressed confidence that the country’s economy’s progressive rebound, citing factors including a decline in inflation and the exchange rate, serves as favorable conditions for the banking sector to stay afloat.

Meanwhile, the President of CIB, Benjamin Amenumey, revealed that the institute has set up a Banking Sector Professional Development Fund as part of its anniversary celebration to support leadership development.

“The Institute launched a Banking Sector Professional Endowment Development Fund dubbed “60 for 60,” which is GH¢60 million for 60 years. This fund is to support talent and leadership development. I call on our stakeholders: Bank of Ghana, Universal Bank, development partners of the institute to contribute generously to fund this program,” he said.

Source: Citinewsroom.com

Advertisement
Continue Reading
Advertisement

Hot!

Small-scale miners schooled on health hazards of mining with mercury

• Mr Lovelace Sarpong (right) addressing the participants

Mr Lovelace Sarpong (right) addressing the participants

Some Artisanal and Small-Scale Miners in the Ashanti and Central regions have been sensitised on the potential health dangers humans are exposed to with the use of mercu­ry in gold processing.

The sensitisation which was or­ganised by PlanetGOLD Ghana proj­ect was to raise awareness about the negative impacts on the use of mercury in mining activities.

According to the PlanetGOLD Ghana Project Coordinator, Mr Lovelace Sar­pong, the use of mercury in artisanal small-scale mining pose health challeng­es that affects the nervous, digestive and immune systems, lungs and kidneys; and may be fatal.

Some Metropolitan, Municipal, and District Assemblies (MMDAs) that benefited from the exercise were Amansie Central, Asante Akim North, Amansie South, Amansie West, Bekwai, and Adansi North in the Ashanti Region, and Upper Denkyira East (Dunkwa-on-Offin) and Upper Denkyira West (Diaso) in the Central Region.

Advertisement

Additionally, he said inorganic salts of mercury were corrosive to the skin, eyes and gastrointestinal tract, and may induce kidney toxicity if ingested.

He stated that the PlanetGOLD Project has conducted several ini­tiatives to raise awareness on reducing mercury exposure among artisanal and small-scale gold mining actors in the country.

It was to promote mercury-free mining practices in line with Ghana’s obligations under the Minamata Con­vention on Mercury, support the for­malisation of the ASGM sector while advocating the adoption of the CRAFT Code and responsible supply chains, and raise awareness on the availabili­ty of mercury-free alternatives.

The Environmental Protection Agency (EPA) Area Head for Konongo, Mr Dawood Abbas, underscored the importance of government’s environ­mental regulations and EPA’s role in ensuring compliance within the ASGM sector.

Advertisement

He encouraged miners to prioritise environmental stewardship to gain community trust and secure a Social License to Operate (SLO) and reaf­firmed the Agency’s commitment to enforce its commitments under the Minamata Convention.

 BY Cecilia Lagba Yada

Advertisement
Continue Reading

Entertainment

Stonebwoy releases sixth studio album ‘Up & Running’

Ghanaian multiple award-winning musician, Stonebwoy is out with his sixth studio album dubbed ‘Up & Running.’

As part of the release Stonebwoy performed various songs on the album to patrons at a special listening party last night.

The listening party held at the Alora Beach in Accra brought together Industry players, musicians, actors, corporate Ghana, diplomats and fans of Stonebwoy among others.

The album is made up of songs like, Memories, Pray For Me, Jejereje, Overload remix, Shine, Psalm 23, Betta Tin, Your Body, Geography, Shine, Lovely Weather, Jiggle and White, Ekelebe and Fvck Up Summer.

Advertisement

 ‘Up & Running’ features the top musicians such as Duncan Mighty, Ir Sais, Spice, Amaria BB, Jahmiel, 10TIK, Larruso, Chi Ching Ching, Kaylan Arnold, and Blvk H3ro, Wyclef Jean and ODUMODUBLVCK.

The album, which includes diverse songs for different target markets, shows Stonebwoy’s calculated effort to reach out to wider and new audiences around the world.

Stonebwoy is expected to hit the road in a global tour with his new album, ‘Up & Running.’

The colourful event was attended by industry personalities like Fred Nuamah, Andy Dosty, Keche, Bullgod, Nadia Buari, Nana McBrown,Kwaw Kese,Robert Klah,D-Black, Larusso and many others.

Advertisement

By Edem Mensah-Tsotorme

Enjoy the album below

UP & RUNNIN6 – ALBUM OUT NOW! ♨️

stonebwoy.lnk.to/UXR6

#UPXRUNNIN6 #UPXRUNNIN6Album

Advertisement
Continue Reading
Advertisement

Trending