Kofi Ahovi

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G20 Leaders Urge COP29 Delegates to Deliver Ambitious Finance Goal

In a powerful statement, United Nations Framework Convention on Climate Change (UNFCCC), Simon Stiell, emphasized the urgent need for a successful finance goal at COP29, stressing that G20 leaders have sent a clear message to their negotiators: "Do not leave Baku without a successful new finance goal". This directive underscores the importance of global cooperation in addressing the climate crisis. Stiell highlighted that leaders of the world's largest economies have committed to driving financial reforms to support strong climate action, making it accessible to all countries. This commitment is crucial in a world facing debt crises, climate impacts, and economic instability. The G20 leaders' statement reinforces the need for swift action, urging nations to move beyond posturing and find common ground on all issues. With the world watching, COP29 delegates must deliver on the promise of a successful finance goal. As negotiations unfold in Baku, the focus will remain

Jospong Rice Set to Revolutionise Ghana's Market Soon

The Asian African Consortium (AAC), a subsidiary of the Jospong Group, has launched the Jospong Rice, the newest addition to Ghana's agricultural scene. Launching the AAC-branded rice product at the Agrifest 2024 in Accra on the theme; "Building Climate-Resilient Agriculture for Sustainable Food Security, the Minister of Food and Agriculture, Bryan Acheampong, endorsed it as "Authentic Ghanaian rice". This high-quality rice is grown and processed in Ghana, meeting international standards to ensure a delicious and nutritious product for consumers. The initiative supports local farmers and the economy, demonstrating AAC's dedication to strengthening Ghana's agricultural sector. By promoting local production, Jospong Rice aims to reduce Ghana's reliance on imported rice, which has seen the country spend over GHC6.8 billion (equivalent to $560 million) annually. This initiative aligns with the government's objective of boosting the economy through import

Business leaders urged to uphold ethics for sustainable growth

Business leaders have been urged to strengthen their commitment to ethical practices to foster sustainable growth on the continent. This was underscored at the recent Absa BEN-Africa Conference held in Accra, where prominent leaders, academics, and industry experts convened to address pressing issues around business ethics, sustainability, and collective action in Africa. Hosted by the Business Ethics Network of Africa (BEN-Africa) in partnership with Absa Bank and the Ghana Communication Technology University, the conference brought together hundreds of delegates from multiple sectors to explore the critical role of ethics in business development. Under the theme "Agenda 2063 and a sustainable Africa: The role of ethical businesses,” the event provided a platform for discussions on the importance of integrity, transparency, and responsible practices in driving economic progress that benefits all. Speaking at the conference, the Managing Director at Absa Bank Ghana, Edward Botch

CalBank supports women-owned businesses in Ghana to participate in foreign trade

CalBank Plc is on a campaign to encourage more women-owned businesses in Ghana to participate in foreign trade. Women-owned businesses constitute 44% percent of Ghana’s economy but remain largely uncompetitive on the global stage. However, Head of Women’s Banking, Portia Manu-Boafo believes the narrative could change if they receive the necessary support. “Most Ghanaian women are involved in trading. They are either buying from Turkey, Dubai or China. They need support. CalBank has identified suppliers and manufacturers within these regions. We are bringing our local women business owners to meet with them, tour their factories and facilitate transactions”, Manu-Boafo told JoyBusiness at the CalBank Trade Summit. Head of Women’s Banking at CalBank, Portia Manu-Boafo The Trade Summit held in two cities Istanbul, Turkey and Dubai, UAE is an initiative of CalBank’s Women’s Banking Unit aimed at giving women entrepreneurs the opportunity to network, access market opportunities and move th

Africa World Airlines donates over GH₵60,000 to Korle Bu Breast Cancer Unit

Africa World Airlines (AWA) has generously donated over GH₵60,000 to the Breast Cancer Unit of the Korle Bu Teaching Hospital to support breast cancer patients undergoing treatment. Speaking at the donation ceremony, Joselyn Andoh, Brand and Corporate Communications Manager of AWA, stated that the initiative aims to reduce the financial burden on patients and assist them throughout their treatment journey. This is part of our commitment to improving the lives of patients battling breast cancer and contributing to the fight against this disease," she added. Breast cancer continues to be a significant public health challenge in Ghana, with the World Health Organization (WHO) reporting over 4,000 new cases annually and more than 2,000 deaths each year. Globally, breast cancer accounts for 29.5% of all cancer cases, while Ghana’s prevalence rate stands at 19.5%, highlighting the critical need for support. The donation, made possible by the contributions of AWA’s generous passengers an

Spirit Airlines files for bankruptcy protection

US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts. On Monday, the Florida-based airline said it had arranged an agreement to restructure its debt and raise money during a bankruptcy process that is expected to last until early 2025. During that time, Spirit's operations will continue as normal and passengers will be unaffected, it said. Spirit, which has not recorded a full-year profit since the start of the Covid-19 pandemic, is the first US airline to file for bankruptcy in more than a decade. American Airlines declared bankruptcy in 2011 to cut labour costs during a period of high fuel prices. In a statement, Spirit said the bankruptcy process - known as Chapter 11 - will not impact employee pay or payments to aircraft leasing companies. The company will be de-listed from the New York Stock Exchange in the "near term" and stock shares will be cancelled, with no value, as