Sophia Ackuaku wins African Iconic Female Parliamentarian Award Pg
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TUESDAY 25 APRIL 2023 Issue No. 42
A NEW THINKING
Oil revenue watchdog Public Interest and Accountability Committee (PIAC) says there is the need for the government to attract investors in the upstream petroleum sector to reverse the steady decline in oil production in the country. The committee in its latest annual report urged government to speed up the sustainable development of the country’s petroleum resources as well as to ensure early completion of ongoing project as the country’s crude oil production has been declining for three consecutive years. PIAC, which has been monitoring government in the last decade over how it spends the country oil revenue disclosed in its 2022 annual report that a volume of 71,439,585 barrels was produced in 2019, but declined to 66,926,806 barrels in 2020, representing 6.32 percent. It further declined to 55,050,391 barrels in 2021 (17.75%) and then to 51,756,481 barrels in 2022 (5.98%). The average decline over the three-year period stood at 10 percent, PIAC said. Energy analysts have expressed worry over this development as they believe the decline in oil production might affect the and fund-
Oil production steady decline threatens free SHS funding By Benson Afful
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Huawei aims to spend US$ 3.4tn by 2026 on global digital transformation
By Eugene Davis
Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, believes deepening digitalization is the way to go and expects to spend US$3.4trillion by 2026 on global digital transformation. According to Meng Wanzhou, Vice Chairwoman, Rotating Chairwoman, and CFO at Huawei underscored the importance of digitalization being the
new blue ocean for the entire ICT countries and regions developvalue chain. ing their own digital strategies. By 2026, Huawei expects that Speaking at Huawei’s Global Ana- spending on global digital lyst Summit (HAS) on Wednesday transformation will reach in Shenzhen, China Meng said: US$3.4 trillion” "Digitalisation is a blue ocean for the whole industry," she said. Huawei is enabling productivi"Huawei will keep investing in do- ty and efficiency improvemains like connectivity, comput- ments across industries such ing, storage, and cloud. as mining, healthcare, ports, transportation and many The world is embracing this op- others. It has built in-depth portunity, with more than 170 partnerships with nearly 200
Propak Ghana receives industry backing and endorsements from market-leading partners Pg
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Understanding Ghana’s Growth and Sustainability Levy Act of 2023 (ACT 1095) By Prince Kojo Tabiri ESQ
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SML Ghana holds stakeholder engagement with GRA board on revenue mobilisation 2
The Future of Work Capsules: It’s the era of skillss 3
Sea defense project is permanent solution to tidal wave menace Keta MP 4