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IIA, Tullow join forces to deliver financial readiness programme for suppliers

Invest in Africa (IIA), a not-for-profit organisation focused on growing local small and medium enterprises (SMEs) across sub-Saharan Africa, has been selected by Tullow Ghana Limited to implement its recently launched Financial Readiness programme.

The Financial Readiness programme is an eight-month programme, launched in August 2021, with the goal of assisting suppliers in the oil and gas industry to build financially resilient and sustainable businesses for the future.

IIA will provide selected suppliers with financial tool kits that will enhance their interactions with lending institutions and offer 150 SMEs access to various funding options, as well as insights into financial restructuring opportunities.

Alongside hosting workshops, IIA will offer more tailored, one-to-one business advisory support to Tullow Ghana’s larger suppliers. These will be delivered on the back of a successful track record of similar interventions led by IIA.

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Speaking on the potential impact of the programme, IIA Ghana’s Country Director Carol Annang said: “In many ways, the pandemic has reshaped how we conduct business. Its ramifications on financing for Ghanaian SMEs may be felt many years down the line, so even though this programme has a short-term outlook, its overall contribution to these SMEs will be much longer lasting. This is something both IIA and Tullow Ghana can appreciate, given our shared commitment to strengthening local supply chains.”

Wissam Al Monthiry, Managing Director of Tullow Ghana, on his part, said “As a company, the development of local capacity for participation in the oil and gas industry remains our priority. Central to developing local participation, is the ability of our local supply chain to remain financially resilient to continue participating in delivering oil and gas services to our operations. This Financial Readinessprogramme will add to our goal of ensuring a financially stable supplier base that is globally competitive”.

Invest in Africa (IIA) is a private sector-led initiative focused on growing local businesses in Sub-Saharan Africa to deliver positive economic impacts and create jobs, benefitting all stakeholders including governments and multi-national corporations who want to use their local buying power as a force for good.

Launched in Ghana in 2012, IIA now operates in five African countries, with local offices in Ghana, Senegal, Kenya and Mauritania. IIA operates the African Partner Pool (APP), a network of SMEs to which it delivers a programme of business support designed to deliver economic growth and job creation.

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To date, IIA Ghana has enabled access to $2.1m of finance, provided 3000+ SMEs with business, technical and entrepreneurship training; and supported with the creation of 39,000+ jobs.

Tullow is an independent oil and gas, exploration and production group which is quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW) and is a constituent of the FTSE250 index.

The Group has interests in over 40 exploration and production licenses across 11 countries including Ghana where it operates the Jubilee and TEN fields. In March 2021, Tullow committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030. 

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 Heritage Month Ghana trends

From the stables of GTV, the Morning Show team of George Sappor, Thelma Tackie (left) and Clara Mlano (right) added a touch of royalty to the Heritage Month observation with the trio beautifully draped in the rich Kent
From the stables of GTV, the Morning Show team of George Sappor, Thelma Tackie (left) and Clara Mlano (right) added a touch of royalty to the Heritage Month observation with the trio beautifully draped in the rich Kent

Since the institution of the Heri­tage Month celebration in Ghana, it has offered citizens opportuni­ties of a lifetime to learn about their cultures and lifestyles.

Ghana’s version is observed in the month of March, coinciding with the country’s Independence Day celebra­tions on March 6.

Heritage Month features festivals, food fairs, arts, crafts, and music events to highlight the economic and social value of preserving national heritage.

Though a brainchild of the Ghana Tourism Authority (GTA), the celebra­tion has been driven to greater heights by local media with the organisation of several events to create the needed euphoria.

Among the events are the Heritage Caravan and Back To Your Village Food Bazaar pow­ered by Accra-based Citi FM and Citi TV, Wear Ghana Festival and the Gɔbɛ festival powered by 3News.

The Heritage Caravan is a road trip which takes patrons across more than half of Ghana’s regions to offer a distinctive road trip that allows participants to explore the various re­gions of Ghana, providing an up-close encounter with the country’s histori­cal and cultural heritage.

In addition to these roles played by the media, news anchors and other presenters appear on screens immac­ulately garbed in locally made outfits, bringing out the beauty of our tradi­tions.

Today, The Spectator news­paper selected a few of the media personalities that are working to give the cel­ebration a global dimension to project the country.  

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 By Andrew Nortey

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 MoMo vendor 24 murdered at Kwadaso

Mobile money shop
Mobile money shop

 A disturbing crime has shaken the Kwadaso Onion market communi­ty in Kumasi, leaving family and friends grieving the loss of a young life.

Identified only as Junior, a 24-year-old mobile money vendor, was found murdered in his room on Saturday, March 8, 2025.

According to eyewitnesses, Junior had returned home the previous day with a substantial amount of money, over Gh¢20,000.

It was suspected that the killers might have been motivated by the large sum of money in Junior’s posses­sion.

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A police source that confirmed this to The Spectator, said investigation has been launched into Junior’s mur­der, but so far, no arrests have been made.

The Kwadaso community is reeling in shock, calling for justice and an end to the atrocity that has claimed the life of a young and promising individ­ual.

Junior, is believed to be a native of Ejisu Onwe, and was known to his col­leagues and friends as a hardworking and diligent individual who worked at the Kumasi Race Course.

His tragic death serves as a stark reminder of the risks and challenges mobile money vendors faced.

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The incident comes barely a month after Patricia Nimako, a 27-year-old Mobile Money (MoMo) vendor, was shot and killed at Krofrom, Kumasi in the Ashanti region by an unknown assail­ants.

The suspected armed robbers fled with the deceased cell phones and an amount of GH¢10,000 on Thursday, February 13, at approximately 3:00 p.m.

The two armed robbers reportedly stormed the kiosk where the deceased was operating and without any provo­cation shot her dead.

There has not been any arrest yet by the police.

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 From Kingsley E. Hope , Kumasi

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