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Official Launch Of Ghana Job Bank Set For May 3

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The Executive Director of E ON 3 Group, a digital marketing company, Mr. Richard Adjei Mensah Ofori Atta has announced the official launching of ‘Ghana Job Bank’ in a communiqué copied to Peacefmonline.com.

The launch which will be graced by former President John Agyekum Kufuor will be held at the Accra International Conference Centre on May 3, 2018 under the theme “JOB CREATION: THE ROLE OF GHANA JOB BANK”

Other top-notch Information Technology (IT) experts and prominent industrialists who are billed to grace the occasion will also discuss why Ghana is the “BEST PLACE TO MAKE YOUR FIRST MILLION DOLLAR”

About Ghana Job Bank

Ghana Job Bank is a digital training cohort programme that seeks to create employment opportunities for the youth through technology and technical training.

In the estimation of Mr. Ofori Atta, over 50,000 young people will be working by the beginning of 2022 through the initiative. This is because, since former President Kufuor was officially outdoored as Patron of the Job Bank on January 9, 2018 up to date, 1300 people have been employed as Vida Divina affiliates under the Health Sector.

Sectors

Ghana Job Bank has many sectors but two of them are operational for a start. These are Health and Open Data Platform and Digital Marketing Management

(a) Health – A franchise has been secured from Vida Divina, USA, to sell 100% organic products – certified by both the FDAs of the US and Ghana – through a network marketing system.

With these organic products, people who patronize them will live healthy and wealthy. They will help the youth in particular, to become financially empowered by selling them (products).

(b) Open Data Platform and Digital Marketing Management – The youth are being trained on open data and digital marketing whereby trainees will be capable of using the open data sell and promote the products and other goods and make money.

Patron

The vision, scope of operation and other factors informed the initiators of Ghana Job Bank to appoint former President John Agyekum Kufuor as Life Patron.

He was subsequently adored at his residence in Accra on Tuesday, January 9, 2018, and has since been the corner stone of the bank’s activities, including guidance in respect of preparations towards its launch

Chairman for the occasion

Mr. S.K. Boafo, Chief Executive Officer (CEO) of SK Boafo Group of Companies, will chair the launch of the Ghana Job Bank initiative.

He has succeeded in creating jobs for a large number of Ghanaians, especially the youth.

Special Guests of Honour

An American, Ms. Ana Manduley Atarodian, Co-founder and Head of Strategies, UAE-Africa Mentoring Development Consortium-USA, and Mr. Tejveer Singh, Co-founder, Vayuz Technologies, India, are coming to Ghana as Special Guests of Honour for the inauguration of the Ghana Job Bank initiative.

The rest are Ms. Tasneem Lakdawalla, an Indian national who is the Head of Finance, Protiviti, Middle East (UAE) and Ms. Robinne Burrell, Head of Redflight Innovations, United States of America.

According to Forbes’ March 2017 edition, Ms Robinne Burrell was adjudged the No 3 woman in technology the world over.

Ambassadors

Mr. Steven Blessing Ackah – the first Ghanaian to chair the G200 Youth Summit, organized by the G20 Association of Switzerland in Dubai, United Arab Emirates (UAE) last year, is one of the Ambassadors of Ghana Job Bank. During the above-mentioned summit, he was honored with Silver Angel for Youth Development – a prestigious award, which is given each year to three individuals whose achievements had contributed the most to the development of the global community.

An actor, Mr. Rahim Banda, is another. He is also an Ambassador for the Free Senior High School (SHS) programme.

Ms. Bisila Bokoko, a Spaniard, founder, BBES International and BBALP USA is the Job Bank Ambassador for Africa. She is to champion the investment drive for Ghana in particular and Africa as a whole.
In addition to these, Ms. Bokoko will ensure job creation and offer training for entrepreneurs in Ghana to increase their expertise for their businesses to grow.
For 7 years, she held the position of Executive Director of the Spain-US Chamber of Commerce in New York and is dynamically involved in EMPRETEC – United Nations programme that supports up-and-coming entrepreneurs.

Partnership

Ghana Job Bank is going to be inaugurated in collaboration with UAE-African Mentoring Development Consortium, VAYUZ Technologies of India the Ministry of Employment & Labour Relations and the National Service Scheme (under the Ministry of Education).

Awards

Indigenous business people who have braved all odds and succeeded in their various enterprises are going to be awarded to encourage them to do more to boost the country’s economy, motivate the youth to also strive harder to become like them in the near future and become role models to them the youth. Former President Kufuor made the proposal during his outdooring ceremony.

He suggested people like Mr. Edward Effah, Fidelity Bank; Dr Osei Kwame Despite, Despite Group of Companies; Ernest Ofori Sarpong, Special Ice; Dr Theresa Oppong-Beeko, Manet Housing and Joseph Siaw Agyapong, Jospong Group.

The proposal was unanimously agreed upon with Ghana Job Bank’s international partners.

This is going to be the highest award in collaboration with all the international partners. Last year the G200 Summit held in Dubai, UAE, honored some young people who had distinguished themselves in youth activities.

 

Source: Paemuka.com

Business

Our Fuel Is Safe – Radiance Petroleum

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The management of indigenous oil marketing company (OMC), Radiance Petroleum Limited, (RPL) has dispelled claims that its Kasoa Nyanyano branch has sold unclean fuel to some taxi drivers.

Nonetheless, the management of the company has launched investigations into the matter. It has taken samples of the product and reported the case to its Bulk Distribution Company and the National Petroleum Authority (NPA).

It has also intensified its security, monitoring and surveillance at all its 37 branches across the country to offer the best of services to customers.

“We are committed to our mission, which is: to provide the best fuel to our customers in ways that are compliant, profitable, reliable, safe and socially responsible. Customer service is paramount to our operation – nothing is more important to us than a satisfied customer – and we will go all length to ensure we are selling the right products and giving the right service to all who patronize our stations,” the General Manager of the company, Joseph Addae, said.

“Even though this is a complaint at only one of our stations, we have taken precautionary measures to ensure all our station never record such complaints.”

The company has been in existence for five years and is recording such a complaint for the first time. Since the inception of the deregulation exercise, Radiance Petroleum is among OMCs selling the cheapest and safest fuel in Ghana.

Radiance Petroleum Ltd. (RPL) is a limited liability company incorporated under the Companies Code of 1963 (Act 179).RPL is to leverage the expertise acquired in the sector in the last five years to position itself well to deliver excellent customer service.

The company, which has been operating in the downstream petroleum sector since March 2013, said customers should expect enhanced service delivery in line with safety.

The Managing Director of the Company, Emmanuel Pobee, explained that the first five years of operations have been a learning curve for the company to understand the business, its customers and what pertains in the industry.

“I will not say the first five years have been easy but I believe it has helped us learn a lot to help us improve going forward,” he said.

Radiance Petroleum Limited is a limited liability company incorporated in October 2012. The company loaded its first product on March 15, 2013. It currently operates in six regions and 37 service stations.

 

Source: Starrfmonline.com

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ECG: Meralco Selection Not Competitive – PUWU

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The Public Utilities Workers Union (PUWU) is questioning the competitiveness of the bidding process leading to the selection Meralco Consortium to manage the Electricity Company of Ghana (ECG).

According to him, it there was no iota of competitiveness in the selection of Meralco Consortium.

Meralco Consortium, according to a statement by the Millennium Development Authority (MiDA), “was determined to have the highest combined technical and financial score and has therefore been designated as the Preferred Bidder.”

Led by the Manila Electricity Company, Meralco Consortium, is an incorporated company in the Philippines, operating over the last 115 years.

“Its electricity distribution network covers a third of the Philippines and serves a customer population (Accounts) in excess of six million,” the MiDA statement signed by Director of Communication and Outreach Pamela Djamson-Tettey noted.

Commenting on the announcement by MiDA, the General Secretary of PUWU, Michael Adumattah Nyantekyi raised concerns over the competitiveness of the bidding process that led to the selection of Meralco Consortium.

Ahead of the announcement, CH Group pulled out of the bidding process leaving BXC Company Limited and Meralco Consortium.

Per the compact, the Millennium Challenge Corporation is expected to inject about $418 million into ECG, while Meralco will invest about $500 million.

“…By this announcement are they telling Ghanaians that this process has been very competitive? Because we know at a point it was left with only two bidders and if you are going through a process like this, you started with eleven companies, nine dropped out, living only two and you still go ahead and say you have selected one,” said Adumattah-Nyantekyi in a Starr News interview.

“Would you describe this as competitive process? Yes, you may have ended with one but then the big question is how competitive is the process?” he added.

MiDA, according to the statement by the Director of Communication and Outreach, will soon start finalizing the agreements related to the implementation of the ECG PSP Transaction.

 

Source: Starrfmonline.com

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Ghana, Nigeria Most Attractive Bond Markets – Research

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Ghana and Nigeria have been ranked as the most attractive Local and Euro Bond Markets on the continent, according to a new research carried out by South African-based Rand Merchant Bank.

The Research comes in the wake of the recent ranking of Ghana’s economy as the second fastest growing economy on the continent.

Finance Minister Ken Ofori Atta last week revealed the prospect of issuing a Samurai Bond is bright after leading a high powered government delegation to a Non-Deal roadshow in Japan.

Senior Global Market Researcher at the Rand Merchant Bank Celeste Fauconnier believes Ghana must continue with its fiscal consolidation measures in order to sustain investor confidence.

“If they had a portfolio that says you must invest anywhere in the world, Africa would have felt the pinch,” she said, wondering why would one want to be in Africa which is more risky than going into the US and European bonds.

The US and European bond markets, she said have dedicated African Funds and Ghana and Nigeria are benefiting from it because “they are the most attractive local bond market and Eurobond markets in our portfolio of countries.”

Zambia, she said used to be the most attractive bond market for investors but “unfortunately Zambia is shooting itself in its foot because, it is signing an IMF agreement.”

“We have actually seen London investors moving their investments into bonds from Zambia into Ghana. So Ghana has been benefiting,” she stated.

She thus urged the government of Ghana to continue its fiscal consolidation policy, warning that “any fear will move investors in the local bond market here [Ghana] to the Nigerian bond market.”

Earlier this year, the World Bank said Ghana’s macroeconomic outlook was largely positive based on the 2017 performance, with  GDP growth for 2017  estimated to have almost doubled from the 3.7 percent in 2016, and is expected to stay at that elevated level through 2018.

Also the external position, it said has improved as the trade balance has shifted to a surplus, but it needs to sustain the fiscal consolidation efforts.

 

Source: Starrfmonline.co

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