Dr. Abdel-Fatau Musah, ECOWAS Commissioner for Political Affairs, Peace and Security, says the impasse between the Economic Community of West African State and the Alliance of Sahel State (AoS) can be resolved through diplomatic measures, including dialogue. He said the sub-regional body's approach of resolving the political tensions of these countries through the imposition of sanctions had not yielded the desired results. The ECOWAS Commissioner advocated for dialogue between the regional body and the member countries of the AoS to resolve the political tensions in those countries and to further strengthen the fight against terrorism in the region. Ambassador Dr Musah said this at a public lecture organised by the Council of Foreign Relations Ghana on the topic: 'ECOWAS on the crossroads. Emergency threats, challenges and the way forward.' 'We must insist on the restoration of constitutional order in the countries in transition, like Mali, Burkina Faso and Niger through dialogue and peer pressure,' he s aid. With that, he said, combating the manipulation of constitutional and electoral laws for unconstitutional maintenance of power through reforms and social and peer pressure on leaders with such intentions, was essential. Amb. Musah said although the democracy on the continent had not provided the required public good and dividend, the viable alternative was not the return to military rule. He said, 'I am of the view that the military rule is not a viable alternative to electoral multiparty democracy. Empirical evidence in Africa between the 1970s and 1990s as well as the struggle of most military rule makes the argument for such mute.' 'This liberal democracy just started 30 years ago, although it may have failed to deliver enough public good but it saved us citizen rights and offers free choice. Military rule neither guarantees development or human right,' he added. The ECOWAS Commisioner for Political Affairs, Peace and Security said despite the political tension in the region, the West African Sub- region remained the most peaceful region on the African continent. The AoS is an organization which was set-up by three countries namely, Niger, Burkina Faso and Mali to serve as a counter multilateral organization relative to the sub-regional body. The formation of the organization culminated into the exit of these countries from ECOWAS. Niger, Mali and Burkina Faso in a joint communique announced their exit from the ECOWAS sub-regional body. The countries cited several reasons, including the abandonment of the founding ideals and pandering to foreign powers notably France, occasioning their exit from the sub-regional bloc. Mr Cheick Boucardy Traore, President, African Convergence for Renewal, in an address, asked the regional body to redouble its negotiations with the AoS to manage tensions in the sub-region. He said disengagement of the member countries of the AoS from the regional block was due to the abandonment of the founding ideals and the absence of economic and security support in the attempt to fight the 'Jihadist' group in the Sahel. 'These countries say the ECOWAS has not provided them any assistance in the fight against terrorism but instead being content to impose illegal and illegitimate sanctions. Hence, their decisions to withdraw from the ECOWAS of which they have been members since the establishment in 1975. Over the years, we are becoming more critical about the decisions of the leaders of ECOWAS,' he said. Mr Traore urged ECOWAS to strategise its objectives by revisiting the ideals of Pan Africanism in order to meet the economic and social expectations of the citizens. Source: Ghana News Agency
Mahama moves ‘Building the Ghana We Want’ tour to Oti Region
Mr John Dramani Mahama, the Flagbearer of the National Democratic Congress (NDC), is visiting the Oti Region from Monday, March 18 to19, to share the party's vision for the country ahead of the Election 2024. A statement copied to the Ghana News Agency (GNA), signed by Mr Gabriel Lemboel, the Oti Regional NDC Secretary, said the two-day tour was to engage with the various communities and stakeholders, listen to their concerns and find the best solutions. The stakeholders include the chiefs and elders, the clergy, artisans, fishermen, traders, transport operators, party sympathisers and the public. The tour would begin with a community engagement at Jasikan in the Buem Constituency then to Worawora in the Biakoye Constituency and end at Krachi East. At Dambai the former President would pay a courtesy call on the Oti Regional House of Chiefs at its Regional Coordinating Council and end with a tour of the Krachi West Municipality. On Tuesday Mr Mahama is expected to engage with community stakeholders at the Krachi Nchumuru District and at the Nkwanta North and South markets at Brewaniase. Source: Ghana News Agency
NETRIGHT congratulates Prof Jane Opoku-Agyemang for selection as NDC’s running mate
The Network for Women's Rights in Ghana (NETRIGHT) has extended congratulations to Professor Jane Naana Opoku-Agyemang on being selected as the Vice-Presidential Candidate of the National Democratic Congress (NDC) in the 2024 Elections. The Network called on other political parties, yet to select their Vice-Presidential Candidates, particularly, the New Patriotic Party (NPP) to nominate women as an indication of their commitment to supporting women's leadership. A statement issued in Accra by Prof. Akosua Darkwah, NETRIGHT Convenor said political parties recognising and accepting (to increase) women's entitlement and readiness to participate at the highest levels of the fiercely competitive arena of politics would be a game changer. 'This will largely contribute to getting women to the highest level in governance, and vital to democratic growth and gender equality,' it said. The statement welcomed the NDC's decision to nominate Prof. Opoku-Agyemang for the second time for its Vice-Presidential slot in Ele ction 2024. It said this action delivered a strong support to the various endeavours 'we have engaged in to demand for the promotion of gender sensitivity in political leadership.' 'Once again, we congratulate Prof Opoku-Agyemang knowing that we have a stake in our collective effort in working to remove inequalities as well as build genuine and equal ownership in ways that are truly transformational, 'it added. The statement expressed the belief that women's active participation in politics at the highest level can lead to a qualitative difference in the way the country was governed, especially in terms of inclusiveness and equitable distribution of national resources. Source: Ghana News Agency
Entering the world of digital commerce
Trading is as old as civilization itself, having evolved from simple barter systems to complex global financial networks. With the advent of the internet, a significant shift occurred, paving the way for what we now refer to as online trading. This evolution opened a myriad of opportunities for individuals around the world, including those in Ghana, to participate in global markets from the comfort of their homes. The trend of online currency trading in Ghana In recent years, Ghana has seen a surge in online trading activities, particularly in the realm of currency trading. As the global economy becomes increasingly interconnected, Ghanaians have started to leverage online platforms to access international currency markets. This trend is not just limited to professional traders, but also attracts entrepreneurs and investors looking to diversify their portfolios and hedge against local currency depreciation. Success stories of individuals and groups making significant gains are frequently highlighted, serv ing as inspiration for newcomers in this space. The landscape of online currency trading in Ghana continues to evolve, influenced by the growing availability of trading platforms that cater to the unique needs of local investors. These platforms offer educational resources, user-friendly interfaces, and local support, significantly lowering the barrier to entry for Ghanaians keen on exploring forex markets. As a result, more individuals are empowered to partake in currency trading, bringing diversity and vibrancy to the Ghanaian financial market scene. From local markets to global currencies The transition from trading at local markets to dealing with global currencies symbolizes a significant leap in the way Ghanaians participate in the economy. Unlike the tangible exchange of goods at a marketplace, trading currencies involves analyzing global economic trends, understanding monetary policies of different countries, and making predictions based on these insights. It represents a more abstract, yet equally rewarding form of commerce that requires a good grasp of financial principles and a keen eye for global economic shifts. The intellectual leap from tangible local trade to the intangible realm of global currencies calls for a continuous education process. Ghanaians venturing into this area must familiarize themselves with complex financial instruments and risk management techniques. Workshops, online courses and seminars are becoming increasingly popular, as are mentoring arrangements with more experienced traders, all aimed at demystifying the global currency market for the local populace. African entrepreneurs are increasingly using online platforms, not just for currency trading but also to engage in international trade. Digital platforms offer the unique ability to cross geographical borders and time zones instantly, providing access to global markets that were previously unreachable. In Ghana, this has enabled businesses, especially those in the raw materials and agricultural sectors, to find buyers ac ross the world, thus expanding their market reach and boosting their economic prospects significantly. Moreover, African entrepreneurs in Ghana have started to harness the power of social media and online marketing to further expand their reach. These tools not only facilitate connections with international buyers but also allow for the building of brand presence on a global scale. This digital approach to trade is propelling a new age of African entrepreneurs who are not just business-savvy but tech-savvy as well, a combination that is proving essential in the current era. The impact of global economic shifts on online trading in Ghana Global economic events, such as recessions, inflation, and changes in commodity prices, have profound effects on online trading. Ghanaians engaged in this space must stay informed and adapt their strategies to navigate these turbulent waters. The ability to rapidly adjust to global economic shifts is a critical skill for online traders, enabling them to protect their invest ments and capitalize on opportunities that arise in volatile markets. This dynamic nature of online trading makes it both challenging and exciting for those partaking in it. For those involved in online currency trading, staying abreast of global financial news is essential. Using tools like an economic calendar can help traders anticipate market movements and make informed decisions. Keeping updated with international news and forecasts allows for timely adjustments to trading strategies, ensuring better management of risks and rewards. Why precious metals still sparkle in the digital trading age Among various assets available for trade online, precious metals like gold and silver have maintained their allure. These metals are often viewed as a hedge against inflation and currency devaluation, attributes which are particularly appealing to traders in uncertain economic times. For Ghanaians, trading in precious metals presents an opportunity to participate in a stable and historically significant market. D iversifying one's online trading portfolio to include precious metals can offer a sense of security amidst the volatile nature of currency markets. As we look towards the future, it's clear that online trading will continue to play a pivotal role in how Ghanaians and indeed people around the world engage with the global economy. The blend of traditional trading values with cutting-edge digital technology has democratized access to international markets, offering unprecedented opportunities for growth and prosperity. For those willing to learn and adapt, the world of online trading offers a promising avenue for financial advancement in an increasingly digital age. Source: Ghana News Agency
Zenith Bank expands presence with new branch in Techiman
Zenith Bank, one of Ghana's leading financial institutions, has opened its newest branch in Techiman, in the Bono East Region of Ghana. Strategically located in the heart of Techiman, this expansion underscores Zenith Bank Ghana's commitment to serving communities across Ghana and fostering economic growth in the region. With the opening of the Techiman branch, the Bank now operates 43 business locations throughout Ghana, demonstrating its continued investment in the country's economic prosperity. This new location will not only serve as a hub for banking services but also as a catalyst for empowering local businesses and driving entrepreneurship. Mr. Henry Onwuzurigbo, Managing Director/Chief Executive Officer of Zenith Bank Ghana, in an address during a ceremony to formally open the Techiman branch for active business, expressed excitement and touted the community's importance to the Bank. 'Techiman is a highly central business hub in Ghana, with immense potential for growth and development. We are thr illed to be part of this vibrant community and provide first-class banking services to individuals and businesses in Techiman and its surrounding areas,' he said. He said that Zenith Bank Ghana prioritizes customer satisfaction and strives to tailor our products and services to meet the diverse needs of their clients. 'From specialized accounts for women-owned and women-led businesses to innovative solutions for Ministry of Micro, Small and Medium Enterprises (MSMEs), we are committed to supporting the growth and success of our customers,' he added. Mr Onwuzurigbo said as part of its efforts to support MSMEs in Ghana, Zenith Bank had partnered with the African Guarantee Fund (AGF) to provide accessible credit solutions to entrepreneurs. Through this collaboration, Zenith Bank Ghana and AGF aim to alleviate the challenges of securing collateral, particularly for women-owned and women-led businesses as well sustainable businesses, where 70 per cent of the collateral is absorbed by AGF and the women-owned an d women-led businesses pay 30 per cent of the collateral, thereby fueling economic growth and fostering a conducive business environment. 'We believe in the power of collaboration and are dedicated to empowering MSMEs to thrive,' Mr. Onwuzurigbo said. He said by offering tailored financial solutions and ongoing support, the Bank aimed to enable businesses in Techiman and beyond to reach their full potential. In addition to its comprehensive product and service offerings, Zenith Bank Ghana prides itself on leveraging technology to enhance banking accessibility and convenience for all customers. With State-of-the-Art applications and digital platforms such as the Bank's USSD *966#, ZMobile Ghana App, and Internet Banking platforms for corporate entities and individuals, Zenith Bank Ghana ensures a seamless banking experience for individuals and businesses alike. The opening of the Techiman branch marks a significant milestone for Zenith Bank Ghana as it continues to expand its footprint and make a positive impact on communities across Ghana. Assistant Superintendent of Police (ASP) Appiah Danquah encouraged staff to make physical and cyber security a priority in their service provision. He said this would ensure the safety of customers' funds and project the Bank positively to prospective clients. The event was graced by members of the clergy, police service, well-established business owners in Techiman as well as representatives from the Techiman Traditional Council. Source: Ghana News Agency