Web-based payment solutions will boost financial inclusionAZA Finance Pg
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Tursday 16 February 2023 Issue No. 15
UBA Marks Valentine’s Day with “Peel The Love Initiative”
A NEW THINKING
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Consumer protection law in the offing…as gov’t prepares a bill to parliament By Eugene Davis
A legislation that seeks to safeguard the rights of consumers is being worked on and expected to be laid in parliament soon, caretaker Minister for Trade and Industry, Samuel Abu Jinapor, has announced. Hitherto, consumers had no remedy over unfair trade practices, but with the new bill in the offing and being the first of its kind, it become significant for people and businesses.
Presenting a statement on the floor of the House on yesterday, Mr. Jinapor stated that most countries have Consumer Protection Policies and Legislation that secure the rights of consumers against unfair practices. He cited instances such as Australia’s Competition and Consumer Act, 2010; Canada’s Consumer Product Safety Act, 2010; the UK’s Consumer Rights Act, 2015; South Africa’s Consumer Protection Act, 2018; and In-
Newmont pays GH¢184.6m dividend 2
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Betty Krosbi Mensah receives 2022 Best Female MP Award vices.
Member of Parliament for Afram Plains North constituency in the Eastern Region, Betty Nana Efua Krosbi Mensah has been presented with the 2022 best Female lawmaker award she won ahead of her colleagues following a survey conducted by FAKS Investigative Ser3
The young MP emerged as the overall joint winner of the awards together with Member for Ayawaso West Wuogon Constituency in the capital, Lydia Seyram Alhassan, among 40 ranked Female lawmakers in the country for their exceptional service to humanity.
IMF assigns Resident Adviser to Bank of Ghana 3
The International Monetary Fund (IMF) has appointed a Resident Advisor to the Bank of Ghana (BoG) to oversee financial sector supervision in the country.
The fund appointed Leonard Chumo, an Irish and Kenyan, to the central bank this month to provide technical assistance and help build the capacity of the banking supervision function of
The amount represents the government’s carried interest in the operations of the Akyem mine. The cheque presentation was made by executives of Newmont Africa, led by the Regional Senior Vice-President - Africa Operations, David Thornton. Mr Thornton thanked the government for its continuous support to Newmont Africa’s Ahafo and Akyem mines and reiterated the company’s commitment to responsible mining operations, while looking to expand Newmont Africa’s footprint in the country with the Ahafo North project. “Our Ahafo North project remains a key strategic growth prospect for Newmont Africa, and its successful construction and subsequent operation will have immense enefits to our host
PAC’s commendation of GIFEC shows Ursula’s excellent leadership The rare and extraordinary Parliament (MP) for Offinso commendation of Ghana In- South Constituency, who led vestment Fund for Electronic the review, observed that Communication (GIFEC) by GIFEC posted an impressive the Public Accounts Commit- 7.2% increase in surplus of tee (PAC) of Parliament income over expenditure, during a review of GIFEC’s compared to the previous Statement of Operations and year, significantly improving Financial Position on 3rd Feb- its liquidity, as a result. He ruary, 2023, goes to affirm the concluded that GIFEC's “fistellar leadership of Mrs. nancial position is very good. Ursula Owusu-Ekuful (MP), as Non-Current Assets inMinister in charge of Commu- creased by 14.5%, Current nications and Digitalisation Assets by 20.1%. Their liquidiand Chairperson of the Board ty position is very strong and of Trustees of GIFEC. (has) even improved over the Isaac Yaw Opoku - Member of previous year. In fact, they 3
did well and need to be commended”. Indeed, GIFEC, under the stewardship of Mrs. Owusu-Ekuful (MP), as Chairperson of the Board of Trustees of the Fund since 2017, has chalked unprecedented accomplishments, not only in terms of the aforementioned prudent financial management, but also in terms of the magnitude and impact of its projects.