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MTN staff, the success of MTN Ghana Foundation

By: Fred Yaw SARPONG
The Daily Express

MTN Ghana Foundation, the corporate social responsibility arm of MTN Ghana has an objective of seeking to enhance socio-economic development of Ghanaians and making sure the citizens benefits from their social activities.

Since the foundation was set up in 2007, it has enhanced the brand of MTN Ghana in all areas of their operation especially to lift the image of under-served communities in Ghana.

Apart from the foundation promoting strategic partnerships through good corporate citizenship collaborations with other national/ international partners, its key successes is the partnership it has cemented with the staff of MTN Ghana.
Even though, the Foundation belongs to the staff and they must devote themselves to the activities of the organisation, the effort and enthusiasm they exhibit towards activities of the foundation are remarkable.
One of the objectives of foundation states that “to foster MTN teamwork values among M…
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NCA to auction another 4G spectrum

By: Fred Yaw SARPONG

The National Communication Authority
(NCA) says it will soon announce the auction
of another 4G spectrum, part of the 800 MHz
Band to investors.
This will be the second time the regulator
is offering space as part of a 800 MHz Band
after MTN was awarded a lot of 2 x10 MHz
Even though the regulator is yet to come
out with details and modalities for acquisition
of the spectrum, the Daily Express gathers
that the price will not be as high as the
US$67.5 million paid by MTN to purchase
the first space of lot of 2x10 MHz Band.
Mr. Henry Kanor, the Deputy Director-
General of NCA who gave the hint in Accra
said the authority will open the bid to enable
players such as members of broadband
communication chamber (BBCC) to take
advantage of the offer.
Addressing participants at the maiden
Broadband Ghana Forum 2017, Mr. Kanor
urged industry players to help shape the
sector by allowing competition to prevail
among them.
Mr. Kanor underscored t…

Rural banks struggling to meet minimum capital

By: Fred Yaw SARPONG

A check at the Bank of Ghana
(BoG) indicates that Rural
and Community Banks
(RCBs) in the country are struggling
to raise the minimum capital
requirements required by the central
The central bank has instructed
RCBS in the country to raise its
minimum capital to a minimum of
GHc1 million (1,000,000,000 cedis) by
the end of December, 2017.
However, the regulator says
majority of the RCBs have not
been able to raise the amount as
the deadline approaches. The Daily
Express gathers that as at the end
November, about less than half of the
total 144 RCBs have been able to raise
the Ghc 1 million capital.
Meanwhile, as at August this year,
only 58 Rural and Community Banks
(RCB’s) had a paid-up capital of above
The Governor of the central bank,
Dr. Ernest Addison said recently at a
Monetary Policy Committee (MPC)
meeting with some journalists that a
number of the RCBs are yet to meet
the minimum capital requirements.
Despite thi…

Ghana fails to meet SDG internet target

By: Fred Yaw SARPONG

Ghana has failed to reach the 50%
internet penetration target set
by the United Nations, as part
of the Sustainable Development Goals
(SDGs) targets by 2017.
Currently, Ghana has an internet
penetration of 34% which is very low,
recording about 16% short in reaching the
Mr. Kawku Agbesi, an industry player
and the Chief Sales Marketing Officer
for CSquared Ghana, a wholesale fibre
infrastructure company told the Daily
Express that in order to improve internet
penetration in the country, there are three
things stakeholders need to do.
He mentioned that the cost of internet
in Ghana is very expensive and it does
not make more people to hook into the
internet. Even though with a lot of smart
phones, many Ghanaians are afraid of
using their data because of the cost.
“First of all we need to try and reduce
the cost of providing the service to the
end user,” he stated.
He further stated that on the average,
the price of internet in Ghana…

BoG meets the banks on capitalization

By: Fred Yaw SARPONG

As part of the transformational agenda to the banking sector in the country, the Bank of Ghana (BoG), regulator of the banking sector says its meeting all the 32 banks operating in Ghana ahead of the minimum capital requirement deadline.
According to the central bank, the meeting is to have further update on where each bank is as far as the recapitalization is concerned.
The regulator increased the minimum capital requirements of all commercial banks in Ghana from GHc120 million to GHc400 million. All the banks have been given up till December, 2017 to fully meet the new requirement.
The commercial banks are supposed to be submitting their plans to capitalize up to GHc400 million to the central bank, hence the meeting is to assess their plans put in place.
“We had requested quite a number of banks to put into place recapitalization plans as far back as April, 2017. So since April we have seen some a number of banks improves the level of ca…

Illegal charges at health facilities in Ghana ...GHS warn staffs

By: Fred Yaw SARPONG

The Ghana Health Service (GHS) says some staffs of health facilities in the country are charging patients and pregnant women illegally fees which do not come with receipts.
Illegal charges at some of the health facilities have been in the media quite recently. The Daily Express has reported on similar incident which took place at the Greater Accra Regional Hospital, formerly known as the Ridge Hospital.
A statement from the Ghana Health Service, which was signed by the Director General of the GHS, Dr. Anthony Nsiah-Asare indicated that there has been non-issuance of receipts covering payments of hospital fees and illegal charges by some health facilities within the Ghana Health Service.
The memo which has been intercepted by the Daily Express was issued on 30th October, 2017 and sent to all Regional Director of the GHS, all medical directors of the various health facilities in the country and copied to the Minister of Health, and the Chair…

BoG meets other regulatory bodies for data collection

By: Fred Yaw SARPONG

Bank of Ghana (BoG), the regulator of the banking sector says it has put up a memorandum of understanding (MoU) with other public regulatory agencies to have a common way of producing financial data.
The targeted regulatory authorities are Securities and Exchange Commission (SEC), National Insurance Commission (NIC) and National Pension Regulatory Authority (NPRA).
Even though there is no law that state that these public regulatory authorities are under the Bank of Ghana and for that matter they can be compel to act, however Dr. Osei Yeboah, Head of Micro Prudential Office at Bank of Ghana explained that these authorities are operating in the same space as the Bank of Ghana.
He mentioned that, at regulators forum they address issues of much concern to the industry players and one of such issues is data collection. “If the financial system is working well it be of benefit to all the regulators,” he disclosed to the Daily Express in an inter…