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The Street Child, Society's Child By Abena Dekyiwah Agyekum Nyarko

  By Abena Dekyiwah Agyekum Nyarko Victimised by circumstance and soaked in desolation, the street child is confronted with more problems than they can handle. These innocent children are left to suffer the consequences of their parents' irresponsible decisions or the unjustifiable sting of societal wickedness. Whether the child of unconcerned parents, the result of an unplanned pregnancy, an orphan, or an overstimulated, adventure-hungry prodigal son—all these characters are exposed to the hostilities of the streets, attacked by the depravity and immorality found there, robbed of their potential and have their ambitions crushed. The average street child has access to neither a constant supply of daily bread nor a permanent roof over their head. On good days—when they manage to steal enough, when parents have something to spare, or when a philanthropist steps in—the street child may have enough to eat. On bad days, like when a flood strikes their shelter (typically kiosks, under br...
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Middle East Crisis Tests Ghana’s Forex Resilience as Oil Import Bills Soar

Jibran Qureishi, Head, Africa Regions Economics Research, Standard Bank Ghana faces mounting external headwinds from elevated oil prices and surging shipping costs triggered by Middle East geopolitical tensions. Standard Bank has sharply revised downward its current account surplus projection for 2026, slashing the forecast by approximately $1 billion, primarily driven by soaring petroleum import costs. The revisions underscore the vulnerability of Africa's largest gold producer to global energy market shocks. As a net oil importer, Ghana faces significant headwinds from elevated energy prices. At an oil price of $65 per barrel, petroleum imports account for approximately 29% of total goods imports, a proportion that rises sharply at higher price levels like $90-95 per barrel. Standard Bank analyst Jibran Qureishi spoke about the impact of the crisis. He said, “We still import a lot more oil than we export. This has prompted us to re-look at our current account surplus position. W...

Building a collaborative national framework to combat financial fraud in Ghana

 The nature of financial crime is no longer static. As highlighted in the recent Ghana Association of Bankers Industry Fraud Report, fraud is evolving in form, speed, and sophistication, with material implications for our operational resilience, customer confidence, and systemic stability. What used to be isolated incidents of opportunistic theft has matured into highly organized, syndicated operations. For an economy like Ghana’s, which relies heavily on digital financial inclusion to drive growth, this shift means that financial fraud is no longer just a banking headache. It has escalated into a pressing national security and economic issue. When a fraudster strips an individual of their hard-earned savings or drains a local business of its revenue, the damage ripples far beyond the immediate financial loss. It fractures the foundational element of any thriving economy: trust. As confidence in the ecosystem fades, investors hesitate, consumers become overly cautious, and the over...

Beyond Borders: Why geographic diversification is a strategic financial choice for West African businesses and families

 For many years, international banking has been misunderstood. It has often been associated with secrecy, exclusivity or tax avoidance. The reality today could not be more different. In an increasingly interconnected world, offshore banking has evolved into a legitimate financial planning tool used by globally minded individuals, entrepreneurs and businesses seeking stability, efficiency and access to international opportunities. Across West Africa, where businesses are expanding beyond domestic markets and high-net-worth individuals are becoming increasingly global in their outlook, international wealth diversification is no longer a luxury. It is becoming a strategic necessity. As economies across Ghana, Nigeria and Côte d’Ivoire continue to integrate with international markets, the ability to bank beyond national borders is emerging as an important competitive advantage. A changing African economy West Africa is witnessing the rise of a new generation of entrepreneurs, investors...

SIMS Collective Investment Schemes Deliver Strong 2025 Performance; AUM Surpasses GHS 2.5bn

  Kwabena Boamah, Managing Director, Stanbic Investments Management Services (SIMS) Stanbic Investment Management Services (SIMS) has reported strong performance across its Collective Investment Schemes for the 2025 financial year, with total assets under management exceeding a combined GHS 2.5 billion. This milestone reflects significant growth in investor confidence, supported by improving macroeconomic conditions and disciplined portfolio strategies. The Funds’ performance was highlighted at the Annual General Meeting held on 19 June 2026, where the company outlined robust gains across its flagship funds - Stanbic Cash Trust (SCT), Stanbic Income Fund Trust (SIFT), and Platinum Debt Income Fund PLC (PDIF). Strong Growth Across Funds All three funds recorded notable growth in assets under management. The Stanbic Cash Trust more than doubled in size, increasing by 114% to approximately GHS 1.66 billion. The Stanbic Income Fund Trust also grew by 35.6% to GHS 645.9 million, while t...

MTN Ghana Donates Gh¢2.5 Million Worth Of Relief Items To Support Accra, Flood Victims

  MTN Ghana will donate relief items valued at GH¢2.5 million to support families and individuals affected by the recent flooding in parts of Accra. The support, which will be provided in partnership with the Multimedia Group and the National Disaster Management Organisation (NADMO), aims to bring immediate relief to people whose lives have been disrupted. As part of this response, MTN Ghana, together with its partners, will provide essential items to meet the pressing needs of affected households. These include student mattresses and blankets, mosquito coils and repellents, and food supplies such as rice, cooking oil, tomato paste, canned mackerel, sugar, spaghetti, and oats. Detergents and toiletries will also be provided to help families maintain basic hygiene in temporary living conditions. Distribution will be done in collaboration with NADMO to ensure that support reaches the most affected communities. Speaking on the planned donation, the Chief Executive Officer for MTN Ghan...

Digital Payments Overtake Cash as Ghana Becomes a 60% Cash-Light Economy – MMFL

  Ghana's transition to a cash-light economy is gathering pace, with digital payments now accounting for more than half of all financial transactions, according to Chief Commercial & Operations Officer of MobileMoney Fintech LTD (MMFL), Abdul Razak Issaka-Ali. Speaking in a one-on-one interview with Benard Avle on Channel One TV Abdul- Razak said the country's digital finance ecosystem has matured significantly over the past decade, placing Ghana among the world's leading adopters of digital payments. He noted that while cash remains part of everyday commerce, digital payment channels have become the preferred option for many consumers and businesses. If you look at digital payments versus cash, we estimate that Ghana is now about a 50 to 60 per cent cash-light economy. We have made significant progress, but there is still room for growth," he said. According to him, Ghana's progress extends beyond the widespread use of mobile money. He explained that collabora...