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Deloitte Africa will mark International Fraud Awareness Week by hosting its 2024 Financial Crime Symposium on November 20, focused on the theme, “Cryptocurrency and Financial Crime: Navigating the New Frontier of Digital Threats.” The symposium aims to bring together industry thought leaders to offer actionable strategies in the fight against financial crime, with an emphasis on cryptocurrency-related risks. The event will feature discussions led by experts and provide networking opportunities designed to foster collaboration among industry executives, regulators, and cybersecurity professionals. Attendees will engage in discussions on emerging threats, sharing best practices for preventing and detecting digital financial crimes. Following…

The government of Ghana has still not given Gold Fields and AngloGold Ashanti the needed approval for their proposed joint venture partnership involving the Tarkwa and Iduapriem mines in Ghana. The miners announced and agreed on key terms for the proposed JV on 16 March 2023 in a press statement but almost nine months since then, the Ghanaian government has not given the required approvals. In a statement, Anglo Gold said: “Notwithstanding constructive engagement with the Government of Ghana since the announcement of the Proposed Joint Venture on 16 March 2023, the requisite approvals by the Government of Ghana for…

Ghana’s cumulative crude oil production has reached 633,300 barrels since the country began extracting oil in 2010, according to the Public Interest and Accountability Committee (PIAC). This production total spans through July 2024 and represents output from the Jubilee Oil Field, Sankofa/Gye Nyame, and the TEN Fields. PIAC Coordinator Isaac Dwamena shared the latest production figures, showing variable growth over the years. Ghana initially produced 10.7 million barrels in 2011, rising to 18.9 million barrels by 2013. Production peaked in 2019 at 34.3 million barrels before beginning a decline to 22.5 million barrels in 2023. As of July 2024, Ghana…

The Jospong Group of Companies has revealed plans to secure a $400-million facility from the African Export-Import Bank (Afrexim Bank) for comprehensive waste management and rice projects in Ghana and Nigeria. The waste management project involved building nine plants to turn waste into recyclable materials, fertilisers, and valuable products. Additionally, Jospong Group is investing in transfer stations and augmenting waste collection services in Lagos. At the sidelines of COP29 in Azerbaijan, Noah Gyimah, Jospong Group’s Chief Investment Officer, explained the need for broader discussions with Afrexim Bank to support the Group’s investment efforts across Africa. “The interesting part of that…

The Customs Division of the Ghana Revenue Authority (GRA) has presented nine companies with a certified Authorised Economic Operator (AEO) to facilitate trade at the ports. The companies are the Ghana Port and Harbour Authority, Meridian Port Services, Guiness Ghana, Imexco Ghana Limited, Mantrac Ghana Limited, and Printex Limited. The rest are Keda, Aquafresh Limited, and Nestle Ghana Limited. The event was done in partnership with the Ghana Link Network Services. An AEO is a business that has been approved by a national customs administration to comply with supply chain security standards and participate in the international movement of goods.…

he Consolidated Bank Ghana (CBG) has expressed its commitment to work closely with the Bank of Ghana to restore its temporary suspended foreign exchange trading license. “We believe the concerns raised in the notice can be swiftly resolved and are committed to working closely with the Bank of Ghana to ensure compliance,” the CBG said in a statement, issued in Accra last week. The CBG stated: “We want to reassure our valued customers that this suspension does not impact on CBG’s normal banking operations. Except for foreign exchange products and services, all our branches and digital platforms will…

The Ministry of Food and Agriculture has secured a US$227 million credit from the World Bank to undertake the Ghana Tree Crop Diversification Project aimed at improving the tree crop sector. According to the Minister of Food and Agriculture Bryan Acheampong, the project will enhance the capacity of stakeholders in the tree crop sector and enhance their competitiveness. The Ghana Tree Crop Diversification Project seeks to support sector-wide activities, reforms, and investments in the tree crop sector to enhance production of cocoa, coconut, cashew and rubber. As part of the project, commercial nursery operators will be supported to supply quality…

they emphasized the need to enhance the value of different livestock systems and strengthen the complementarity between agriculture and livestock, which together form the foundation for the inclusive and sustainable development of national and regional economies.

With mobile money fraud on the rise, the Financial Advisory Department of Deloitte Ghana will hold a training on Fundamentals of Digital Forensics and e-Discovery to help combat the menace. The training expected to come off November 27-29, 2024 will focus on the overview of Digital Forensics, Exploring Electronic Discovery, Understanding EDRM Processes and Best Practices, Insight into Mobile Device Forensics and Survey of Digital Forensic Tools and Applications. It is open to Legal Practitioners, IT Auditors, Internal Auditors, Accountants, Finance Managers and Cybersecurity Professionals, among others. Commenting, Training Programme Lead and Associate Director, Nii Asafoatse Abbey, said “Our training…

Nineteen young men and women from Newmont’s Ahafo South mine host communities have graduated from the company’s Scalable Apprenticeship Programme. This three-year technical training, funded with GH¢5.5 million equips participants with skills for long-term employment in mining. At a ceremony at Ahafo South Mine, Newmont officials, traditional authorities, community leaders, and family members celebrated the graduates. Alex Kofi Annin, General Manager of the Ahafo South Mine, emphasized the program’s importance in building sustainable partnerships with local communities. “Newmont introduced the Apprenticeship Training Programme in 2005 as a technical pipeline to ensure access to skilled and trained mechanical and electrical maintenance…