Kofi Ahovi

By Faustina Dagadu Leaders of the 31st United Nations Climate Change Conference (COP31) have called for an accelerated global shift towards electrification and clean energy, describing it as a critical response to rising fossil fuel costs, energy insecurity and the worsening climate crisis. They said expanding electricity use across transport, buildings and industry would help countries reduce their dependence on imported fossil fuels, strengthen energy security and lower costs for households and businesses. Speaking at a joint COP31 Presidency press conference in Antalya, Türkiye, UN Climate Change Executive Secretary, Simon Stiell, said countries faced a choice between embracing electrification and continuing to bear the economic consequences of dependence on fossil fuels. Nations now face a choice: electric or shock. Rewire the global economy for the electricity age. Or accept ongoing fossil fuel cost pain for families, firms, and national budgets,” he said. Stiell said clean energy...

 The Chief Executive Officer of the Ghana Chamber of Mines, Ing. Kenneth Ashigbey, has called on the Government of Ghana to renew Gold Fields’ mining leases for the Tarkwa Mine, but has stressed that the extension must be negotiated on terms that deliver greater benefits to the country. His position comes amid growing public debate over the value Ghana has received from the mine since Gold Fields took over its operations in 1993, and renewed scrutiny of the financial terms governing the company’s continued presence in the country. While acknowledging the need for Ghana to secure better returns from its mineral resources, Ing. Ashigbey argues that the country must also recognise the investments made by Gold Fields and the importance of maintaining confidence in long-term mining agreements. He believes the company’s record of investment and its contribution to transforming the mine provide a basis for considering an extension, provided the negotiations secure terms that are more bene...

 Kenneth Ashigbey disputes Kofi Bentil’s claim that Gold Fields acquired Tarkwa Mine for just US$30,000, citing additional payments, multiple leases and substantial investments that transformed the formerly loss-making underground operation. The Chief Executive Officer of the Ghana Chamber of Mines, Ing. Kenneth Ashigbey, has challenged claims by lawyer Kofi Bentil that Gold Fields acquired the Tarkwa Mine for a mere US$30,000. The CEO of the Chamber describes the said figure as a misleading representation of the broader financial commitments and investments associated with the mine. The disagreement follows a social media post by Kofi Bentil, who shared an extract from the mining lease between the Government of Ghana and Gold Fields, drawing attention to Clause 20, which provides for a US$30,000 consideration fee. Kofi Bentil argued that Ghana e ffectively handed over a highly valuable mine for a paltry amount, despite the mine’s reported earnings of about US$30 billion over three...

His Royal Majesty, Otumfuo Osei Tutu II (Center) with Kwamina Asomaning, Chief Executive, Stanbic Bank and Executives of the Bank The 2026 Stanbic-Asantehene Invitational Golf Tournament brought together golfers, business leaders and distinguished guests at the Kumasi Royal Golf Club for two days of sporting excellence, networking and relationship-building. Held under the patronage of His Majesty Otumfuo Osei Tutu II, the tournament reaffirmed the power of sport in fostering connections, promoting excellence and creating opportunities for engagement among stakeholders from diverse sectors. Addressing the leadership of Stanbic and golfers, the Asantehene underscored the importance of golf as a discipline that promotes integrity, patience, focus and respect, values that are equally important in leadership, business and community development. He commended the continued partnership between traditional institutions and the private sector in advancing initiatives that unite people and contri...

  The Ghana Chamber of Mines has called for sustained dialogue and careful consideration of the economic implications of ongoing mining sector reforms, stressing that efforts to deepen Ghanaian participation must also safeguard employment, investment and the industry’s long-term competitiveness. The Chamber’s Chief Operating Officer, Ahmed Dasana Nantogmah, said recent concerns expressed by mineworkers and host communities highlighted the importance of consultation and a balanced approach to mining policy and regulatory decisions. His comments follow protests by mineworkers at Akyem Abirem over the directive to transition certain mining operations from owner mining to contract mining. The workers have raised concerns about potential implications for job security, wages, benefits and existing conditions of service. Nantogmah acknowledged government’s commitment to strengthening local participation in the mining industry, describing it as an important national objective that the Cham...

  By Majid Diallo Five innovators from the Southern Zone have booked their place in the grand finale of the Mobile Money FinTech Limited (MMFL) Fintech Lab Hackathon, after an exciting zonal competition in Accra. The Chief Products and Services Officer of Mobile Money Limited, Sylvia Otuo Acheampong, made the announcement at the just-ended MMFL Fintech Lab Hackathon - Accra. She said the hackathon is a tech-based competition for developers, entrepreneurs and startups to share ideas, and this year it was enlarged into an ecosystem platform involving partners, banks, fintechs and the Bank of Ghana. We started this journey a few weeks back when we wanted to enlarge our hackathon competition," Acheampong said. "We created this platform as an ecosystem platform. So all partners, banks, fintechs, the central bank were all involved in the launch, and the journey started from there." The competition started with zonal contests across the country. In Tamale, in the Northern Zone,...