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1 NOTE: This Is a Pre-Publication Version Made Available for Your Use
NOTE: This is a pre-publication version made available for your use as a courtesy by the authors and the International Development Research Centre. A final, published version will appear in print and electronically in late 2010. GHANA Edith Wellington, John Gyapong, Sophia Twum-Barima, Moses Aikins and John Britton Executive Summary Despite considerable international activity in tobacco control including shaping the Framework Convention on Tobacco Control (FCTC), comprehensive national legislation has been a struggle to achieve. Accordingly, the most recent tobacco control efforts in Ghana, including the ATSA initiative, have focused on advocating for national comprehensive legislation. Unfortunately, the legislation has been stalled for more than five years. It is not clear how much support there is for the legislation in either the new cabinet or the national legislature. High-level changes in the health ministry have complicated these efforts so the advocacy community has been once again regrouping to assess the potential for high-level support. In the interim, the tobacco control community has identified other goals that may be more feasible in the short-term. With comparatively low prevalence rates (approximately 5%) and a public generally compliant with informal tobacco control norms – particularly smoke-free public places of various sorts (e.g. hospitals, educational institutions, public transport, etc.) – a formalization of existing rules and regulations with an emphasis on enforcement could be sought concurrent to the pursuit of the broader legislation. The Research and Development Division (RDD, formerly the Health Research Unit of the Ghana Health Service (GHS)) has been the principal lead of the ATSA team. -
Welding Practices in Selected Metal Welding Industries in Ghana
International Journal of Scientific & Engineering Research, Volume 7, Issue 6, June-2016 462 ISSN 2229-5518 Welding Practices in Selected Metal Welding Industries in Ghana Emmanuel Adu, Andrews Danquah Abstract— Welding is essentially a repair, maintenance, manufacturing and constructional engineering activity. In the last several decades, welding has evolved as an interdisciplinary activity requiring synthesis of knowledge from various disciplines and incorporating the most advanced tools of various basic and applied sciences. This paper discusses the current welding processes and investigates welding practices in some selected metal welding industries in Ghana. The project covers the categories of welding and welding techniques, welding quality control methods, welding process type used and general challenges that hamper welding productivity in Ghana. Two hundred and fifty (250) welding industries across the regions of Ghana both in the formal and informal sectors were selected for the study. Designed inquiry forms or questionnaires were administered to the selected welding industries. Two hundred (200) out of the two hundred and fifty (250) selected firms, representing 80% responded to the inquiry. The study revealed the different proportions of different industry groups and areas of application of welding activities. About ninety percent (90%) of the industries practice manual welding with little automated or robotic welding systems and much welded fabrications still relies on manual metal arc (MMA) welding. Majority (about 80%) of -
Chapter 4 Environmental Condition in and Around Ghana Sea Ports
Chapter 4 Environmental Condition in and around Ghana Sea Ports The existing environmental conditions in and around Takoradi and Tema port areas were studied through literature, statistics, interviews, field reconnaissance and field surveys. Since detailed data and information is introduced in the draft EIS (in Appendices), this chapter summarizes the environmental features of two (2) ports. 4.1 Takoradi Port 4.1.1 Water Quality A field survey was carried out in the time zone of the low water on 25th January 2001 to know the worst water quality condition. The surface water sampling was done at four (4) locations in and around the port basin. The water quality showed the moderately polluted condition in general, and no significant difference between the locations (see Appendix A). Since Ghana has not established an ambient water quality standards, a series of quality reference value for selected parameters were introduced (see Appendix A) as an Assumed Environmental Criteria (AEC). This was tentatively set up based on the examples of criteria for port waters in tropical and subtropical eight (8) countries to help understand the water quality situation objectively. Comparing with AEC, it should be noted that oil and grease concentration revealed high value exceeding the criteria for ordinary sea ports, though other parameters showed concentrations that meet the AEC. Management of oil spill and leakage should take the first priority for water quality management in Takoradi Port. 4.1.2 Bottom Sediment Quality A field survey on the bottom sediment quality was conducted at the same time as the water quality survey. The bottom sediment quality at four (4) locations revealed the heavily polluted condition in the entire survey area. -
Digital Access: the Future of Financial Inclusion in Africa Acronyms
DIGITAL ACCESS: THE FUTURE OF FINANCIAL INCLUSION IN AFRICA ACRONYMS ADC Alternative Delivery Channel ISO International Organization for Standardization AFSD African Financial Sector Database IT Information Technology ARPU Average Revenue Per User KES Kenyan Shilling API Application Programming Interface KPI Key Performance Indicator ATM Automated Teller Machine KYC Know Your Customer B2P Business to Person LAPO MfB Lift Above Poverty Organization BCEAO Central Bank of West Africa (Banque Centrale Microfinance Bank des Etats de l’Afrique de l’Ouest) M-banking Mobile Banking BOI Banking Operations Intermediary M-wallet Mobile Wallet BVN Bank Verification Number MFI Microfinance Institution CEO Chief Executive Officer MM Mobile Money CBA Commercial Bank of Africa MSME Micro, Small and Medium Enterprise CBN Central Bank of Nigeria MTN Mobile Telephone Network CFA West African Franc, or Central African Franc MNO Mobile Network Operator CGAP Consultative Group to Assist the Poor MVNO Mobile Virtual Network Operator CRM Customer Relationship Management NFC Near Field Communication DFS Digital Financial Services OTC Over the Counter DJ Disc Jockey P2B Person to Business DVD Digital Versatile Disc P2P Person to Person E-banking Electronic Banking PC Personal Computer EFT Electronic Funds Transfer PIN Personal Identification Number EMI e-Money Issuer POS Point of Sale E-money Electronic Money PSP Payment Service Provider E-wallet Electronic Wallet E-warehousing Electronic Warehousing QR Quick Response FCMB First City Monument Bank RCT Randomized -
National Pensions Regulatory Authority
NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LIST OF REGISTERED PENSIONS FUND CUSTODIANS THAT HAVE FULFILLED THE PRESCRIBED REQUIREMENTS OF THE AUTHORITY FOR THE 2020 AUTHORISATION PROCESS. THE LICENCES ARE VALID UNTIL 31ST JULY, 2021 LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 1. Prudential Bank Limited FC12007 8 John Hammond Seth Kyeremeh 0244-762652 Street, Ring Road Central, Accra 2. Access Bank Ghana Limited FC20002 Starlets '91 Road Franklin Ayensu- 0244-128163 Opposite Accra Nyarko Sports Stadium, Osu 3. First National Bank Ghana FC20001 6th Floor Accra Hilda Esenam 0242-435156 Limited Financial Centre, Odame-Gyenti 0501-632441 Liberia Road. 4. Agricultural Development FC12005 Accra Financial Elorm Aidam 0244-253181 Bank Centre, 3rd Ambassadorial Development Area, Ridge-Accra 5. GCB Bank Limited FC18002 No. 2 Thorpe Road, John Ekow 0557-410577 Accra Appiah-Sam 6. Ecobank Ghana Limited FC12001 Ecobank Ghana Albert Amekugee 0244-427476 Head Office, Accra 7. Zenith Bank Ghana Limited FC12013 31 Independence Alvin Abbah-Foli 0242-729012 Avenue, Accra Website: www.npra.gov.gh , e-mail: [email protected] “Ensuring Retirement Income Security” NATIONAL PENSIONS REGULATORY AUTHORITY NPRA PUBLIC NOTICE á LICENCE / TELEPHONE NO. NAME OF SERVICE PROVIDER REGISTRATION PHYSICAL ADDRESS CONTACT PERSON NUMBERS NO. 8. Republic Bank Ghana FC12006 No 48A Sixth Audrey Smith 0208-737616 Limited Avenue, North Dadzie Ridge, Accra 9. Fidelity Bank Ghana Limited FC12011 1st Floor, Ridge Rebecca Gyebi 0544-338784 Towers, Accra Elias Augustine 0576-036467 Dey 10. Guaranty Trust Bank FC12008 25A Castle Road Michael Yevu 0504-100158 (Ghana) Limited Ambassadorial Area, Ridge, Accra 11. -
Third Quarter 2019
MARKET OUTLOOK Q3 2019 MARKET REVIEW AND Q4 2019 OUTLOOK MARKET REPORTS Q3 2019 Macro Recap Economic Activity Marginally Lower GDP Year-on-Year Change (%) Global economic growth remained largely subdued due to trade tensions, 9.0 8.5 8.4 brexit and geopolitical issues. These led to a growing appetite in fixed 8.0 7.4 income securities, pushing debt to negative yields. According to the IMF, 6.8 6.7 global growth is forecast at 3% in 2019, picking up to 3.4% in 2020. 7.0 6 5.4 5.7 Domestically, growth has remained positive. Ghana’s provisional Real Gross 6.0 5 Domestic Product (GDP) in volume terms was estimated to have increased 5.0 4.3 to 5.7% in Q2 2019. When seasonally adjusted, Real GDP was 1.4% in Q2 4.0 2019; down from 1.6% in Q1 2019. The main sub-sectors driving growth in 3.0 the April to June 2019 GDP were Information & Communication, Mining & 2.0 Quarrying, Health & Social Work and Real Estate. 1.0 There was a weakness in economic activity in July 2019. The Composite of 0.0 Economic Activity recorded an annual real decline from 4.3% in July 2018 to 2018_Q2* 2018_Q3* 2018_Q4* 2019_Q1* 2019_Q2* 2.1% in July 2019. The key drivers of economic activity during the period were private sector credit expansion, contributions to SSNIT by the private *Provisional Oil GDP Non-Oil GDP sector, port activity, exports, and domestic VAT. Confidence surveys by the BoG show that on a y-o-y basis, business and 2 consumer confidence declined in Aug-19. -
Has Gse Played Its Role in the Economic Development of Ghana?
CAPITAL MARKET 23 YEARS AND COUNTING: HAS GSE PLAYED ITS ROLE IN THE ECONOMIC DEVELOPMENT OF GHANA? 1st CAPITAL MARKET CONFERENCE BY EKOW AFEDZIE, DEPUTY MANAGING DIRECTOR MAY 10, 2013 INTRODUCTION Ghana Stock Exchange (GSE) was established with a Vision: -To be a relevant, significant, effective and efficient instrument in mobilizing and allocating long-term capital for Ghana’s economic development and growth. INTRODUCTION OBJECTIVES - To facilitate the Mobilization of long term capital by Corporate Bodies/Business and Government through the issuance of securities (shares, bonds, etc). - To provide a Platform for the trading of issued securities. MEMBERSHIP OF GHANA STOCK EXCHANGE GSE as a public company limited by Guarantee has No OWNERS OR SHAREHOLDERS. GSE has Members who are either corporate or individuals. There are two categories of members:- - Licensed Dealing Members - 20 - Associate Members - 34 HISTORICAL BACKGROUND 1968 - Pearl report by Commonwealth Development Finance Co. Ltd. recommended the establishment of a Stock Exchange in Ghana within two years and suggested ways of achieving it. 1970 – 1989 - Various committees established by different governments to explore ways of bringing into being a Stock Exchange in the country. HISTORICAL BACKGROUND 1971 - The Stock Exchange Act was enacted. - The Accra Stock Exchange Company incorporated but never operated. Feb, 1989 - PNDC government set up a 10-member National Committee on the establishment of Stock Exchange under the chairmanship of Dr. G.K. Agama, the then Governor of the Bank of Ghana. HISTORICAL BACKGROUND July, 1989 - Ghana Stock Exchange was incorporated as a private company limited by guarantee under the Companies Code, 1963. HISTORICAL BACKGROUND Nov. -
AGYAKWA KUSI SENIOR.Pdf
KWAME NKRUMAH UNIVERSITY OF SCIENCE AND TECHNOLOGY KUMASI COLLEGE OF ARTS AND SOCIAL SCIENCES DEPARTMENT OF ACCOUNTING AND FINANCE SCHOOL OF BUSINESS THE EFFECT OF LOAN DEFAULT ON THE PROFITABILITY OF COMMERCIAL BANKS IN GHANA By AGYAKWA KUSI SENIOR. (BA. ECONOMICS) (PG9613313) A thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of MASTERS OF BUSINESS ADMINISTRATION (FINANCE OPTION) JULY, 2015 1 DECLARATION I hereby declare that this submission is my own work towards the Masters of Business Administration (Finance Option) Degree and that, to the best to my knowledge, it contains no material previously published by another person nor material which has been accepted for the award of any other degree of the University, except where due acknowledgement has been made in the text. Agyakwa Kusi Senior ………………………………… ………………… (PG9613313) Signature Date Certified by: Michel Adusei ………………………………... ……………….. Supervisor Signature Date Certified by: Dr. K.O. Appiah ………………………………. ……………….. Head of Department Signature Date i ABSTRACT The focus of this study was to ascertain the effects of loan default on the profitability of commercial banks in Ghana. Secondary data in the form of end of year financial statements from 2007 to 2014 was acquired from four commercial banks in Ghana (UT bank, Ecobank, CAL bank and Fidelity bank,. The Ordinary Least Square regression was employed to estimate the effect of loan default on profitability. It was discovered from the OLS results that, loan default, cost income ratio, total revenue and liquidity ratio were statistically significant. The liquidity risk was not statistically significant. -
2015 Annual Report
Securiries and Exchange Commission 2015 ANNUAL REPORT 1 Securiries and Exchange Commission Vision To be an internationally recognized securities market regulator promoting efficient capital market in Ghana and ensuring investor protection. Mission To promote the orderly growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected through the proactive implementation of the securities laws. This involves ongoing supervision and regulation of the Ghanaian securities market, education of market operators, policy makers as well as investors on their respective rights and obligations. Objectives • Enhancement of capital market infrastructure and strengthening the capacity of market institutions and intermediaries. • Providing the legal and regulatory framework for market and product innovation. • Promotion of public awareness, investor rights and corporate education • Establishment of an overall robust, supportive, legal and regulatory framework that conforms to international best practices 2 Securiries and Exchange Commission Contents Chairman’s Statement 4 Report of The Director-General 8 Corporate Governance Report 14 Profile of Commissioners 18 Operational Review 24 Broker- Dealers & Advisors Department 32 Funds Management Industry 35 Exchanges and Markets Department 37 Issuers Department 39 Policy, Research and Information Technology Department 45 Legal and Enforcement Department 49 Human Resources & Administration Department 51 Economic Review 53 Capital Market Review 59 Industry Analysis 71 Collective Investment Scheme Sector 75 Financial Statements 78 Commissioners’ Responsibility Statement 79 Independent Auditor’s Report 80 Statement of Operations 82 Statement of Financial Position 83 Statement of Cash Flow 84 Notes to the Financial Statements 85 Register of Licensees 2014/2015 96 Useful contacts 134 3 Securiries and Exchange Commission Chairman’s Statement Introduction as the Centre of capital raising and investment in the sub- region of West-Africa. -
World Bank Document
RESTRICTED PEW r rA.n,5r_ FERMlrJ tUf XAW18 Vol. 7 | hsreport was prepaired' for use~~~~~~~~Wti I II ithntetLe Dankn cind its aff'll,iteu~?tJ orgunizarilons. Public Disclosure Authorized They do not accept responsibility for its accuracy or completeness. The report may nof be pubi5hed nor may it oe quoted as represenring their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT' INTERNATIONAL DEVELOPMENT ASSOCIATION Public Disclosure Authorized THE CURRENT ECONOMIC POSITION AND PROSPFCTS GHANA (in ten volumes) Public Disclosure Authorized VOLUMEV VII TRANSPOR TATION OJctober 26, 1970 Public Disclosure Authorized western Afirica Department CURRENCY EQUIVALENTS 1 New Cedi = US$0.98 1 dollar = N, 1.02 THE MISSION This annex is based on the findings of a mission in April and May 1970 to Ghana comoosed of: Mr- Barend A. de Vries Chief of Mission Mr- Fateh Chaudhri General Economist M1.r Thom,si Klein Balance of Pavments & External Debt Miss Ka<tharine Mortimer Ponulationn Emnlovment & Education Mr. 14M Taher Daiani* PiQrqi M-r UVed !'-andhi Mr. Nake Ka.mrany Social Sector Mr. itvat Thadani Industry MI A1lfV,2 onto T-nnn-rr Mr. Ha nr.sSchult -ranstort M.r. Charles Metcalfe Agriculture Mr. Bruce Johnston.* Agriculture Mr Merrill,1 Bateman" Cocoa Mr. H.erm*an Nisse.baum. 04Prject List Mr. Jn r.Tohn .b.,ectr4c Eln Dower Mr. Edward Minnig Mr. S. Rangac0 har Resnear-ch Mlss Beverltey Baxter Secretary * Sco d by1-. te ItAeAT r-.aional on. Monetay ** Concultants This report has been prepareA by m-asrat. Y.ans Schulte andA Al fredo .i';oto during their mission to Ghana in May 1970 and a follow-up visit by Mr. -
Market Review
Market Review February 2017 The month of February was dominated by a highly volatile foreign Market in Brief exchange market resulting from news of a worse-than-expected • • • • • • 2016 budget deficit. The deficit stood at 10.3 per cent of gross domestic product against a target of 5.3 per cent. Policy Rate 25.5% Forex and Money Markets • • • The Ghana cedi recorded a month-on-month depreciation of 4.6 Inflation per cent against the US dollar in the Interbank market, having 13.3% opened the month at 4.2711 per US dollar and closed at 4.4786, (January Y/Y) extending the year’s depreciation to 6.2 per cent. In the money • • • market, yield on 91-day bill remained at 15.94 per cent at close of the month whereas yield on 182-day bill rose marginally to 17.10 Interest Rate per cent from 16.99 per cent in January. 16.3827% (91-day bill) Interbank Exchange Rate (February 2017) • • • Current Previous Change (%) USD/GHS 4.4786 4.2711 -4.60% GBP/GHS 5.5745 5.3488 -4.00% Cedi Performance EUR/GHS 4.7530 4.6073 -3.10% -6.2% Ghana Government Treasury Securities (YTD Return) Current Previous Change (bps) 91-Day T-Bill 15.9438% 15.9376% +1bps GSE Composite Index 182-Day T-Bill 16.9927% 17.0978% -11bps +9.8% (YTD Return) Equities • • • The stock market remained optimistic in February. The benchmark GSE Composite Index gained 78.13 points (representing 4.4 per cent) month-on-month to close February at 1,854.53 points, www.pentassets.com 050-153-0246 extending year-to-date return to 9.8 per cent. -
Quarterly Financial Markets Report
Quarterly Financial Markets Report Second Quarter 2016 Global Economic Highlights Highlighted by UK’s vote to leave the EU, weak demand, high unemployment levels, financial frailties and geopolitical risks, the global economic environment continued to be plagued by weakened growth prospects in the last three months. The late June U.K. referendum to leave the European Union sent shock waves across the globe, leaving global financial markets in turmoil. The equity markets fell sharply and the British Pound plunged 8.4% and 12.5% against the U.S. Dollar and Japanese Yen, respectively. The value of the British Pound against the US Dollar was at its lowest in the past 31 years. Reassurance on support from the central bank saw the economy enjoying some reprieve as the financial markets rebounded partially in fragments. With manufacturing growth stalling over the past year and construction figures weakening markedly in June, U.K. growth continued to be driven primarily by the services sector. The rate of Consumer Price Inflation (CPI) remained low at around 0.3% partly due to relatively subdued global demand growth. Both Standard & Poor’s, and Fitch on the back of the foregoing downgraded U.K’s credit ratings. With a lift from the European Central Bank’s stimulus cut, low energy prices and a rebound in consumer spending, figures from the 19-nation bloc were impressive before the Brexit, with GDP rising by 0.6% in Q1 2016 despite a backdrop of the global market turmoil at the start of the year. However, questions about the EU’s stability and the potential for an economic downturn after Britain’s surprise exit from the EU dominated the centre stage in the Eurozone at the end of the second quarter.