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Investment Times Newspaper 2023 Edition | Issue 18

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Hazel Herrington receives Chairman's Award from the Global Chamber of Business Leaders

Vodafone supports customers with free calls to Turkey and Syria

Thursday 23 February 2023 Issue No.16

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A NEW THINKING

Government announces principal amounts for new bonds 2

Senegalese President Macky Sall changes narratives on development priorities for Africa By Kestér Kenn Klomegâh

As Rotating Chairman of the African Union and the President of Senegal, Macky Sall, has excelled in speaking up on many development priorities for Africa. His complete understanding began during his childhood as he grew up in a family of politicians and ultimately continues pursuing political career. Without doubts, he made “The Path of Real Development” political 2

slogan during his campaign for presidency. He campaigned across the country, without cutting off ties with the “23 Juin” (M23) opposition movement, rather telling them the importance of achieving development through unity. President Sall was awarded the 2020 Sunhak Peace Prize for successfully shortening the presidential term from seven to five years and reviving the economy through transparent policies.

derstanding Africa’s priorities Since his appointment as Chair- and also its role in the emergman of the African Union, Macky ing multipolar world. Sall has a wider platform to drum home “unity in diversity” across As African Union Chairman, the Africa and beyond. On inter- Macky Sall was invited to the national platforms, he fearlessly United Nations General Assemtells the African story including bly last September. During his the key priorities, the challenges address to the gathering, and the future. His message for Macky Sall was not shy about African leaders is “with one col- speaking up for Africa. The gist lective voice” rally for the conti- of his message? There is absonent’s sustainable development, lutely no excuse for failing to sharpen external partners’ un- ensure consistent African rep-

‘Ghana’s Climate Prosperity Plan will power faster economic recovery’ By Eugene Davies

The chairman of Environment, Science and Technology Committee, Dr. Emmanuel Marfo has stated that the country is developing its climate prosperity plans (CPP) aimed at emboldening growth despite an increasingly climate insecure world. He also disclosed that the CPPs are a roadmap to attract foreign investment in Ghana’s economy to boost economic growth and employment, while also accelerating climate adaptation and bringing down the country’s greenhouse gas emissions as it transitions towards net negative e m i s s i o n s . According to Dr.Marfo, the plans are expected to be ready by next year, sometime in May, which will ensure faster economic recovery and achieve net-negative carbon e m i s s i o n s . The Climate Prosperity Plans Pro-

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Dr. Emmanuel Owusu-Sekyere GRA’s petroleum downstream unit, SML joins ACET as Director of Ghana collaboration helping GRA Research in revenue assurance “Only through an accelerated and ef3

Acting Executive Secretary of the Economic Commission for Africa (ECA), Antonio Pedro, has urged African nations to accelerate implementation of the African Continental Free Trade Area (AfCFTA) in order to become more resilient and globally competitive.

fective implementation of the AfCFTA can Africa build sufficient shock absorbers to build resilience,” said Mr Pedro in his remarks at the 42nd Ordinary Session of the African Union Executive Council meeting in Addis Ababa on February 15, 2023.

Hazel Herrington receives Chairman's Award from the Global Chamber of Business Leaders The Global Chamber of Business Leaders (GCBL) is proud to announce that Hazel Herrington has been awarded the presti-

gious Chairman's Award in recognition of her exceptional contributions to the world of business and leadership. 4

The collaboration between the downstream petroleum unit of the Ghana Revenue Authority (GRA) Customs Division and Strategic Mobilisation Ghana Limited (SML), a revenue and assurance audit firm, is helping the GRA meet and exceed its annual targets. This came to light when SML Ghana recently held a stakeholder engagement with the leadership of the downstream petroleum unit of the Ghana Revenue Authority (GRA) Customs Division in Tema to discuss new initiatives and solicit opinions on how both sides can improve the successes chalked and further improve the country’s revenues. This meeting 3

forms part of regular stakeholder engagements. The GRA, last year, mobilised GH¢75.5 billion domestic revenue, which is GH¢3.60 billion more than it was tasked to collect. The collection was a five percent increase over last year’s target of GH¢71.94 billion. The feat also meant the domestic revenue the GRA mobilised was 31.5 percent more than what was collected in 2021. The Customs Division, which includes the petroleum downstream sector, collected GH¢22.26 billion, as against a target of GH¢20.20 billion, also exceeding the target by GH¢2.06 billion. The stakeholder engagement

brought together the various Customs heads in charge of downstream petroleum depots across the country's 16 regions. SML Ghana took the Customs officials through the latest technologies such as scanning of way


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Investment Times Newspaper 2023 Edition | Issue 18 by Investment Times - Issuu