Kofi Ahovi

 The Internal Control unit of Stanbic Bank Ghana has supported the Weep Not Child Foundation at Ahwerease-Darmang, near Nsawam, with equipment and financial assistance to help improve the Foundation’s operations and support for children in its care. The donation, led by the Head of Internal Control, Paa Kwesi Simpson, was made under the team’s Employee Community Initiative, through which employees contribute to community development efforts. The Foundation received a grinding mill and accessories, a 508-litre freezer and GH¢5,000 in cash to support its immediate needs. Simpson said the initiative was driven by the team’s desire to contribute to communities beyond its regular professional responsibilities. He said while the Internal Control team’s core mandate centered on risk management and controls, its members also recognised the importance of responding to social needs within communities. This initiative reflects our shared commitment to making a meaningful impact in the communi...

  The Chief Executive of Stanbic Bank, Kwamina Asomaning, has asked businesses to push their banks to contribute more to their growth, resilience and decision-making as economic pressures and increasingly complex supply chains reshape the corporate landscape. Asomaning made this call at Stanbic Bank’s Transaction Banking Client Engagement Forum in Accra, held on the theme “Creating Value Beyond Transaction.” He said companies should expect their financial partners to bring expertise, market insight and practical solutions to the relationship, rather than simply provide routine banking services. He said the demands facing businesses had changed significantly, requiring banking relationships to evolve with them. “There was a time when banking relationships were defined primarily by transactions. Payments were processed, accounts were maintained, and trade instruments were issued. Necessary functions, certainly, but no longer sufficient in an environment marked by complex supply chai...

Ghanaian businesses seeking to expand beyond the domestic market need more than access to finance; they require the knowledge, networks and market connections to compete effectively in international trade, Stanbic Bank Ghana has said. The Head of Business Products Solutioning at Stanbic Bank Ghana, Benedict Kwasi Obeng, said businesses must be adequately prepared to understand target markets, identify viable opportunities and meet the requirements of international buyers before attempting to scale across borders. He was speaking at the Internationalization and Market Access Dialogue 2026, held under the theme, “International Trade: Its Contributions to Accessing Target Markets.” According to Obeng, the ability of local businesses to participate meaningfully in international trade depends on addressing several challenges simultaneously, including market knowledge, financing, business capability and access to credible buyers. He said this was the rationale behind the establishment of Tra...

Ghana risks serious fiscal pressure if international gold prices fall sharply, as the country lacks a dedicated stabilisation mechanism to cushion government revenue from fluctuations in mineral prices, the Natural Resource Governance Institute (NRGI) has warned. The Country Director of NRGI, Patrick Stephenson, said unlike the petroleum sector, which has a revenue management framework with stabilisation and heritage funds, Ghana had not established a similar arrangement for its mineral revenues. He warned that a significant decline in gold prices could undermine government revenue projections, disrupt planned public expenditure and force the country to borrow to finance budget shortfalls. If the prices collapse today, we don't have any buffers. What that means is that if the revenues we're looking for are not realised, you have serious pressures on our hands. If you ask me what will happen if the prices collapse, we're in serious trouble,” he said. Stephenson made the rema...

  MTN Ghana Foundation has awarded the second batch of 500 Bright Scholarships to 300 academically talented university students and 200 teachers pursuing further studies in science, technology, engineering and mathematics (STEM), vocational and technical education. The latest awards follow a similar batch of 500 scholarships presented last year, bringing the total number awarded across the two years to 1,000. The student beneficiaries will receive support covering tuition, accommodation, a laptop and a stipend. Addressing the beneficiaries, the Chief Executive Officer, Stephen Blewett, urged them to apply their knowledge to solve problems and create opportunities for others. Your talent belongs to you, scholars. That’s what got you here. So will the achievements that you will accomplish,” he said. “Apply your knowledge to solving problems and helping others progress whenever you can.” He encouraged the students to remain focused, uphold integrity and use technology responsibly. He ...

  African philanthropy must play a leading role in financing the continent’s development priorities rather than relying heavily on foreign aid, the African Philanthropy Network (APN) has said. The network is calling for stronger collaboration among African foundations, civil society organisations, governments, businesses and communities to mobilise local resources and build a self-reliant development ecosystem. The call was made at the opening of the 2026 APN Assembly in Accra, which has brought together participants from more than 34 countries to discuss ways of strengthening African philanthropy and reclaiming the continent's narratives of giving. Speaking at the opening ceremony, Executive Director of APN, Stigmata Tenga, said the gathering, held under the theme “African Philanthropy in Action” , was an opportunity for stakeholders to move beyond discussions and translate commitments into practical action. She said the network, established to provide a platform for African-led i...