FBNBank supports students’ career and financial empowerment 2
Thursday 30 March 2023 Issue No.33
A N E W THINKING
MTN moves to make Ghana ICT hub …announces construction of US$25m ICT project 2
Policy framework to transform aluminium downstream in the works By Eugene Davies
The CEO of the Ghana Integrated Aluminium Development Corporation (GIADEC), Michael Ansah is betting on a draft policy framework which aims at developing the downstream aluminium industry, that is expected to attract companies to invest in the sector. According to Mr.Ansah, GIADEC in partnership with stakeholders is seeking to prepare the policy environment, incentive framework that will support the downstream industry that will be set up. Mr.Ansah disclosed that sometime this year the policy framework should be ready to become a legal document. “so it’s a process, we have developed some initial studies which is what would be discussed, once we have formulated everything we will have a framework, we will work with Ministry of Trade,Finance, others to see when that can be turned into a legal document but that should be sooner, we looking this year to formulate that and drive that.” Speaking to journalists at the opening of a two-day Downstream Aluminium Industry Workshop 2023 at Royal Senchi Hotel in Akosombo in 5
BoG must not worsen the plight of businesses — GNCCI reacts to policy rate hike 2
Asante Gold announces C$27 million financing
Asante Gold Corporation has entered into an agreement with a major institutional investor to sell 18,232,000 units of the company. The deal which expected to be on a non-brokered private placement basis will go at a purchase price of C$1.50 per unit and expected to raise C$27.34 million. Proceeds from the offering is expected to be used for exploration and development of the its mineral properties and for general corporate working capital purposes. Closing of the offering is expected to occur on or about April 3, 2023, and is subject to a number of closing conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. The company also noted that the securities to be issued under the Offering would be subject to a four month plus one-day hold
Ghana’s integrated aluminium industry on course – Lands Minister The Minister for Lands and Natural Resources, Samuel A. Jinapor, says government’s quest to build an integrated aluminium industry in the country is on course, and progressing steadily.
He said this is in line with the Ghana Integrated Aluminium Development Corporation Act, 2018 (Act 976), which establishes the Ghana Integrated Aluminium Development Corporation (GIADEC) to promote and develop an integrated aluminiThis follows an extensive research, um industry in the country.
3
Payday secures $3m seed round to power the future of work for Africa
The Minister said this on Wednesday, when he opened a two-day Workshop on the downstream aluminium industry in Akosombo in the Eastern Region. The workshop, which was organised by GIADEC, in partnership with the Strategic Anchor Industries Unit of the Ministry of Trade and Industry and the Overseas Development Institute (ODI), brought together stakeholders in the aluminium industry to deliberate on policy options and implementation plan for the downstream aluminium industry.
3
Tick TikTok goes globalization 4
By Kenneth Rogoff
3
data collection and technical analysis of best practices across the world carried out by GIADEC and ODI. Delivering the keynote address at the workshop, Mr. Jinapor emphasised the need to add value to Ghana's mineral resources to ensure optimal benefit from these resources. He said Government has since 2017 been pursuing this path for all our mineral resources including gold, baux-