Category: Industry

The management of TDC Development Company Limited says the name of the company has been changed to TDC Ghana Limited.

A public notice copied to the Ghana News Agency indicated that the name change would take immediate effect.

‘The official change from TDC Development Company Limited to TDC Ghana Limited takes immediate effect, and all future business will be conducted under the new name,’ the management notice stated.

It stated that the name change was made with the approval of the Board of Directors and its shareholders in conformity with Section 21(1)(a) and other applicable provisions of the Companies Act 2019 (Act 992).

TDC Development Company Limited now TDC Ghana Limited was set up in 1952 by an Act of Parliament with the responsibility to plan and develop about 63 square miles of acquisition land for various uses.

The company was given a 125-year lease term to manage the Tema Acquisition Area.

In 2017, the TDC was converted into a limited liability company with an enhanced mandate to expand its
operational and geographical scope beyond the Tema Acquisition Area. 
Source: Ghana News Agency

The 2023 edition of the Stanbic Otumfuo Invitational Golf Tournament has ended in Kumasi with the Bank pledging to sustain its support.

The one-day tournament, held at the Royal Golf Course in Kumasi, was sponsored by the Bank.

It was hosted by the Royal Golf Club on behalf of the Asantehene, Otumfuo Osei Tutu II.

Speaking at the event, Mr Kwamina Asomaning, Chief Executive of Stanbic Bank, affirmed the Bank’s commitment to the Club and the tournament.

He said: ‘It is always a pleasure to connect with our customers amidst the tranquil setting of the golf course.

‘At Stanbic Bank, we believe in providing the very best for our clients. That is why we continue to invest in this tournament over the past years. This event provides a wonderful networking opportunity for our cherished clients and is a great way to unwind after a fairly difficult year.

‘As we enjoy the game of golf in high spirits, we remain hopeful that the days ahead and the coming year will be fruitful for us all.’

He expressed his gratitu
de to the stakeholders of the tournament, saying: ‘We are grateful to His Royal Highness and the Royal Golf Club for partnering with us to make this event possible.

‘To all our invited golfers who joined us to play in this tournament we are very grateful for your support and we look forward to another rousing tournament next year.’

At the end of the competition Kwaku Boachie Sarpong, Francis Nkrumah and Dominic Darkwah emerged as winners for the male’s Senior, and Groups A and B categories respectfully.

Vivian Dick and Niine Sarpong came tops in the ladies’ competition.

They were awarded the coveted trophy and other prizes from the organisers of the tournament.

The Stanbic Asantehene Invitational Golf Tournament is in line with Stanbic Bank’s commitment to supporting the needs of their clients.

The event was held over the weekend.

Recently, the bank organised a seminar on tax efficiency for their high net worth clients. The Bank also held the maiden edition of the Women Entrepreneurship Workshop for
female SME owners to give them the right tools they need to succeed in their business.
Source:Ghana News Agency

Mrs Lydia Gyebi Asare, Eastern Regional best Fish Farmer and Chief Executive Officer of YaaMansah Farms, has appealed to the government to ban importation.

She said the importation of large metric tons of fish was throwing many fish farmers out of business, especially catfish farmers, in the system.

Speaking in an interview with the GNA, she said Fish farmers spent huge sums of money on purchasing feed, other logistics and salary for employees, leading to losses due to the impact of importation on the prices.

She indicated that formerly, a kilogramme of catfish was sold for GhC20 but currently, the same unit was being sold for GHS 18.

To address the issue of excess fish produced and keep fish farmers in business, she proposed to the government to set up fish processing industries, where fish produced locally could be processed for both consumption and exportation.

Mr Francis Barnes, Eastern Regional Director of Fisheries Commission said Ghana imported 165,829.34 metric tons of fish and exported 105, 927
.48 metric tons of fish last year representing 36 per cent less than the importation of fish.

However, in 2021, Mr Barnes noted that 273,382.32 metric tons of fish were imported into the country while 121,285.87 metric tons of fish were exported translating to 55 per cent less than importation.

He said the percentages indicated a reduction in the importation of fish and urged fish farmers not to be discouraged as fish farming had brilliant potential.
Source: Ghana News Agency

Delta Air Lines (NYSE:DAL) and EL AL Israel Airlines have implemented a long-term codeshare agreement effective Monday, December 18, 2023, for travel beginning January 1, 2024.

The agreement aims at improving connection opportunities for customers flying between the Americas and Tel Aviv, a press release issued to the Ghana News Agency, in Accra, by Kingdom Concepts Consult said.

The airlines will offer reciprocal codeshare and frequent flyer benefits, including the ability to earn and redeem SkyMiles or Matmid points across both carriers.

Delta customers flying from North America will be able to fly on EL AL’s nonstop services from New York-JFK, New York-Newark, Boston, Los Angeles, Miami, and Fort Lauderdale to Tel Aviv.

‘Meanwhile, EL AL’s code will be added to Delta’s non-stop Tel Aviv flights (once restored), as well as up to 280 same-day connections via Delta’s U.S. gateways in New York-JFK, Boston, and Los Angeles to destinations including Atlanta, Washington DC, San Francisco, Las Vegas, Seattle,
Dallas, and Toronto,’ the release said.

Alain Bellemare, Delta’s President International said: ‘Delta remains steadfast in our long-time commitment to serving consumers and businesses who depend on convenient, high-quality air service to and from Tel Aviv.’

‘Through our codeshare agreement with EL AL, we will offer customers more convenient travel options between North America and Israel.’

Shlomi Zafrany, EL AL’s VP Commercial and Industry Affairs said:’The start of this codeshare agreement between Delta Air Lines and EL AL offers customers access to convenient one-stop services from Israel to cities throughout the Americas and welcomes new North American customers to EL AL’s world class service to and from Tel Aviv.’

Dina Ben Tal Ganancia, EL AL’s CEO added: ‘We are proud on this cooperation with Delta whom I see as a valued long-term partner.’

Delta and EL AL customers would be able to earn and redeem miles on each other’s services on Delta’s SkyMiles and EL AL’s Matmid frequent flyer programs, the rel
ease said.

Effective January 15, both airlines would offer reciprocal benefits to their top tier frequent flyer members, such as preferred seat access, priority check-in and boarding, additional baggage allowance, and lounge access (where applicable).
Source: Ghana News Agency

The Ekumfi District Assembly has granted two years of tax holiday to prospective investors to explore the investment potentials of the area.

In collaboration with the Regional Coordinating Council (RCC) and the traditional authorities, the Assembly has earmarked more than 8,000 acres of litigation-free lands awaiting investors.

The Assembly’s move is hinged on untying the district’s age-old poverty tag to accelerate development through its three-prime focus of industrialisation, entrepreneurship, and investment promotion.

Mr Ebenezer Monney, the District Chief Executive (DCE), disclosed this at the district’s maiden ‘Economic Forum’ held at Ekumfi-Narkwa.

Aimed at wooing investors for mutual gain, the forum is a collaborative effort of the Nana Amoasi Charity Foundation and the Assembly, under the theme: ‘Harnessing the economic potential of Ekumfi: The recipe for growth and development.’

It was graced by seasoned local and international entrepreneurs, heads of businesses, academia, traditional and reli
gious leaders, individuals, and the media.

Carefully selected professionals across sectors in a series of well-researched presentations overwhelmed the participants about the economic, socio-political, cultural, agricultural, and natural resources endowments of the district.

Presenting the state of affairs of the district, Mr Monney said the area had a comparative advantage in farming tree crops, vegetables, pineapples, pineapple tourism, processing fishing, salt mining and general.

The Assembly is also seeking support through Public-Private partnership (PPP) for the construction of an artificial salt lagoon with warehouses and processing plants at Srafa-Aboano, Ekumpoano and Srafa mpoano.

Also, there is a PPP opportunity for the construction of an ultramodern market and bus terminal at Ekumfi-Abor and inland fishing facilities to be installed at Narkwa, Otuam and Srafa.

For human resource development, the Assembly hopes to train 1,000 youth in gari processing, and 1,000 women and youth in fish processin
g in 11 coastal communities and develop the 11 coconut fringe beaches into modern hospitality and recreational facilities through a PPP arrangement.

The Assembly also seeks partners for the construction of a ceramic and clay processing facility at Otabanadze, the development of an existing crocodile pond at Abuakwa and investment in large-scale plantation of crops in selected communities.

Of the 8,739.1-hectare available lands, Mr Monney said 1,247?hectares were strategically positioned for real estate developments, 5,455 for plantations, 1,591.1?for hospitality, 261 for salt mining, and 185 for aquaculture development.

Appraising local economic development concepts in the newly emerging district; Mr Kwamena Amoasi-Andoh, a former Programmes Manager of the International Labour Organization (ILO) urged all to prioritise the development of the area as a civic responsibility.

‘Bringing local stakeholders together around a table helps build trust, removes mutual suspicion, encourages innovation and social and
economic networks,’ he said.

Nana Amoasi VII, President of Nana Amoasi Charity Foundation, called on all indigenes both home and abroad not to sit on the fringes but contribute their quota toward the development of the area.
Source: Ghana News Agency

The Data Link Institute of Business and Technology has pushed 265 graduates in various academic fields onto the Ghanaian market to support the national transformation agenda and set a new pace for young entrepreneurs to thrive.

The students, who were among the 14th congregation for the 2022-2023 academic year in Tema, were charged to hit the ground running and not wait for someone to employ them.

Professor Stanley Saamoah Moffatt, the President of the Institute, said the theme for the ceremony; ‘Positioning Tertiary Institutions in Emerging Economies for Entrepreneurship and Wealth Creation,’ was a significant topic for discussion.

He told the Ghana News Agency in an interview that the competitive market demanded graduates who could have an instantaneous impact and that the 2022/23-year group were prepared to face that demand head-on.

‘This has been made possible thanks to the extensive education and emphasis on real-world applications the institution has equipped them with to succeed in a variety of fie
lds,’ he said.

Out of the 265 graduates, 49 graduated with a Master’s degree, 15 with a Master of Science (MSc) in Accounting and Finance, 32 Master of Science in Strategic Management, and two with a Master of Philosophy (MPhil) in Strategic Management.

A total of 191 graduated with a Bachelor’s degree in Computer Science and Information Systems, as well as Business Administration, and 23 graduated with an Advanced Diploma in Logistics and Transport.

Prof Moffatt mentioned challenges such as funding, inadequate infrastructure, inability to recruit and retain highly experienced faculty and staff, the tortuous process of affiliation and accreditation, inadequate research output, logistical support, and low student enrollment, as those hindering the Institution’s effective delivery.

Despite those challenges, the university was able to successfully introduce market-driven programmes like the MSc in Financial Economics and Data Analytics, Logistics and Transport Management, and Management Information Systems,
he said.

He advised them to maintain the virtues of honesty, selflessness, creativity, innovation, and emotional intelligence in their pursuit of excellence and keep their minds on the university’s motto; ‘plough their minds for service’ as their journey opens fresh perspectives for the rising economies.

Nana Dr Michael Agyekum Addo, the CEO of Mikaddo Holdings Ltd, said the theme resonated with the challenges and opportunities in the era of globalisation and technological revolution.

‘The role of tertiary institutions cannot be understated because they are tasked with nurturing not only skilled professionals but also dynamic and innovative managers and entrepreneurs,’ he said.

‘Our responsibility extends beyond the confines of traditional classroom learning to empowering students to become leaders in areas of influence as well as drivers of economic growth and creators of sustainable wealth.’

He called on the Government to exclude tertiary institutions from the huge paperwork associated with starting bu
sinesses and simplify the procedures for starting businesses in the country in general.

Nana Addo urged the students to delve into entrepreneurship to grow Ghana’s economy by focusing on agriculture and agribusiness, technology and innovation, tourism and hospitality, renewable energy and green initiatives, healthcare and wellness, the creative industry, manufacturing and industrialisation.
Source: Ghana News Agency