Stanbic Bank continues good run of strong financial results with profits of GHC405m in 2021

Stanbic Bank Ghana continues to show resilience in business growth and profit even under strenuous business environment as the bank recorded a profit-after-tax of GHS405 million last year, which is a 26% improvement in the bank’s profits compared to the same period in 2020.

This was revealed in the bank’s 2021 annual financial results published on Tuesday March 29, 2022.

According to the report, the impressive performance was achieved notwithstanding the stressed business climate in the country in the year under review.

“Our good run of strong financial results continued in 2021, with our profit-after-tax for the year improving by 26% to GHS405m as compared to the same period in 2020. The bank’s cost-to-income ratio improved dramatically from 53% to 48% over the same period. Underpinning the bank’s performance are our strong asset quality, diverse revenue sources, and controlled credit losses and operating costs. These results were achieved despite a stressed business climate, and a high effective tax rate of 38%,” the report said.

Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, said the strong performance last year is a good launchpad to be more innovative in producing consistently positive customer experiences for our clients.

He said “Our customers and our franchise have demonstrated a resilience, not just to weather the storm but also, to be intentional about adapting to challenging circumstances. The path ahead is one where we, as a bank, commit to partnering with stakeholders in innovative ways which enable their aspirations to be met. Our own success is wholly contingent upon how well we do this. We will continuously measure our success against it, while staying true to our culture of doing the right business, the right way.”

Kwamina Asomaning further shared his ambition for the future of the bank drawing on the bank’s ability to adapt to changes and to innovate. According to the Chief Executive, “My ambition is for Stanbic Bank to be a leader in innovation. In today’s economic and fiscal environment, it is only through leading in innovation that we will be nimble enough to face opportunities when they arise, and prepared enough to mitigate challenges as they occur. Being a leader in innovation will mean we can apply our creative talents to improve customer solutions, enhance business processes and develop our technologies.”

“Doing so will enable us to generate recurring and sustainable value for all our stakeholders. Achieving this goal is fundamentally impossible without deep cross-functional collaboration, and a culture which promotes agility, continuous improvement, and excellence. Therefore, we will focus our efforts and our resources on precisely these things. In 2022, we will ramp up our innovation investments and intensify our digital transformation activities such that we convert our long-held ambitions into tangible outcomes,” he added.

Source: Ghana Web

Chiefs of Awutu Ayeresu call on government to fix main road

Awutu Ayeresu, March 29, GNA -The Chiefs of Awutu Ayeresu in the Awutu-Senya District of the Central Region have appealed to the Government to fix the only road from Awutu Bontrase linking Ayeresu to OseiKrodua.

According to them, the road was in a very deplorable state and could not aid free movement of goods and services.

Nenyi Kwaw Poobie VI, Chief of Ayeresu, who made the appeal in an interview with the Ghana News Agency (GNA), after engaging stakeholders in the area, also appealed for a pipe-borne water to be provided for the town.

The meeting, attended by Nana Kwesi Mensah, Odikro of the Town, was to deliberate on challenges and issues effecting the social and economic development in the community and to fight for their share of the National cake through the District Assembly.

Awutu Ayeresu, a farming community in Awutu-Senya District had a population of over 3,000 and shared geographical boundaries with Awutu Bontrase and Osie Krodua.

According to him if the road was rehabilitated, it would help to address the difficulties people go through transporting farm produce to the market especially whenever there was a downpour.

“We are also appealing to the government to provide us with pipe-borne water, we continue to depend on a stream which runs through a bridge on the road in the town as our source of drinking water together with sheep, goat, cows and other animals,” he said.

The Chief, stated that most of his people were being compelled to buy sachets water for cooking and drinking, while others who could afford for the sachets water, collected the stagnate and unsafe water under the bridge, especially during dry session.

He said several appeal to the district assembly to go to their aid had fallen on deaf ears

Nana Kwesi Mensah said the condition of road was affecting productivity and needed immediate attention, adding, they had suffered enough from inhaling dust.

Mr Tetteh Ekow Egyaaful, ‘Mbrantsiehen’ also called on the District Assembly and the Member of Parliament for Awutu-Senya Constituency, Madam Gizella Akushika Tetteh-Agbotui to facilitate the fixing of the bad road in the area and unsafe source of drinking water to better their lot.

Source: Ghana News Agency

Emirates marks 30 years of best-in-skies entertainment and connectivity

In 1992, Emirates made the bold decision to install TV screens in all seats across all cabin classes throughout its fleet, a revolutionary move that shaped traveller expectations and the inflight entertainment industry in the decades to come.

Take a trip down the memory lane and watch Emirates’ ad when the airline introduced personal in-seat video systems in all seats back in 1992.

Emirates has not looked back since, constantly introducing new innovations that drove advancements in entertainment and connectivity at 40,000 feet. Large, ultra-high-definition 4k screens, with faster and improved Wi-Fi connectivity, are among the exciting developments.

Emirates has planned for its new generation IFE systems that will be delivered with its future fleet on order, as the airline continues to improve its inflight offering. Not only that, Emirates is constantly updating its extensive library of content on ice, with over 100 movies and 200 episodes of TV being added each month.

Track the highlights of Emirates’ journey to provide the best inflight entertainment and connectivity experience through this timeline.

Patrick Brannelly, Emirates’ Senior Vice President Retail, IFE & Connectivity said: “When Emirates introduced personal screens on every seat back in 1992, it was considered a massive industry innovation. Other airlines questioned the sense of this huge investment, estimated at about US$15,000 per seat at that time.

“But we quickly realized that our customers loved being entertained throughout the flight. It made their journeys feel shorter and fostered customer satisfaction and loyalty. Within a year, we were working to expand the content choice to 20 channels on Emirates’ Boeing 777s which were to join our fleet in 1996.

“We’ve never stopped improving our product. Emirates is constantly adding the best content from over 40 world regions to ice, our IFE system, and making sure that amazing content is experienced on the largest personal screens in the industry and through quality headphones and audio systems.

Emirates has led in the inflight connectivity space too, from the introduction of satellite phones in 1993 to becoming the first to install systems that enabled mobile phones to be used on aircraft. Today every Emirates aircraft has connectivity – and we have already placed orders for the next generation of connectivity.”

Emirates’ award-winning ice inflight entertainment system, originally launched in 2003 with 500 channels, today offers every passenger over 5,000 channels of on-demand movies, music, TV shows, box sets, and documentaries, in over 40 languages.

The total accumulated hours of entertainment include over 3,900 hours of movies and TV, and over 3,300 hours of music and podcasts. An Emirates passenger would have to fly over 500 times from Dubai to Sydney in order to consume the entire library.

The success of Emirates’ IFE investments and strategy is demonstrated by the loyalty and positive feedback from its customers across all cabin classes, as well as through the numerous industry awards including ‘Best Inflight Entertainment at the 2022 APEX Passenger Choice Awards®, and ‘Skytrax World’s Best Inflight Entertainment’ every year since 2005.

In addition to entertainment, Emirates ice offers a range of other practical features, such as the ability to check the status of your flight while en route; a real-time view of the sky during take-off and landing from cameras that are fixed on the aircraft’s nose, tail, and underbelly; a helpful travel guide about Emirates’ hub Dubai; EmiratesRED; the world’s first inflight TV shopping channel; and a range of personal development content including LinkedIn Learning.

Emirates customers can browse the extensive range of content available on ice, create their very own playlist in The Emirates Mobile App, then sync it on board for a more personalized travel experience.

Ice offers up to 110 channels of Bollywood movies including new releases and all-time classics; in addition to 118 channels of Indian regional movies with films in nine languages: Malayalam, Tamil, Telugu, Bengali, Marathi, Kannada, Punjabi, Gujarati, and Bhojpuri.

Source: Ghana Web

KGL Group’s Alex Dadey adjudged Overall Best Entrepreneur of the Decade

Mr. Alex Dadey, Executive Chairman of the KGL Group and Board Chairman of Ghana Investment Promotion Centre (GIPC) has been adjudged the Overall Best Entrepreneur of the decade at the 12th edition of the Prestigious Ghana Entrepreneur & Corporate Executive Awards held at the plush Movenpick Ambassador Hotel in Accra.

In a citation read in his honour, Mr. Alex Dadey was praised for his outstanding achievements in multiple industries and sectors across the globe including Fintech, Logistics, Agric, Property Development and Commerce in the United Kingdom and Ghana as well as his immense contribution to the digitalization agenda championed by the Government of Ghana.

Mr. Alex Dadey, a product of Mfantsipim School in Cape Coast is a successful entrepreneur and philanthropist with over 30 years experience serving in various c-suite capacities and serves on the boards of multiple institutions including Ecom Agro Industrial, Premier Textiles Group in the United Kingdom, Birchfield Investments Limited in Jersey, Channel Islands and Dubai, KGL Capital (UK) Limited and Dominion Direct (UK) Limited to name a few.

Underpinning Mr. Dadey’s three-decade track record of success is his commitment to building an inclusive financial environment that provides high-value partnerships for small businesses to thrive and succeed across Ghana. His work has continuously driven diaspora inclusion and fostered public-private sector partnerships and collaborations for collective growth.

As a philanthropist, Mr. Dadey has been a strong advocate of giving back to the community, a belief he actions through his foundation, KGL Foundation. The KGL Foundation has over the last couple of years been at the forefront of providing social intervention programmes in the fields of sports, health and education in Ghana.

Mr. Dadey is passionate about Youth Empowerment. His firm belief in nurturing the next generation of leaders is very evident in his ability to guide, teach and impart knowledge and experience to the energetic, young and vibrant teams he builds across multiple industries he has succeeded.

About KGL Group

‘At The Forefront of Digitalization’

KGL Group is a wholly owned Ghanaian group of companies, with interests in Technology Innovation, Fin-Tech, Logistics, Trade, Property Development, Gaming and Commerce.

The parent company commands a network of specialized business units that promote efficient solutions and effective tech-based related services to customers across Ghana and partner operating regions.

• KGL Technology Limited – Digital Innovation, Fintech

• KGL Capital Limited – Equity, Trade, Finance, Fund Management

• KGL Foundation – Social Accountability (CSR Division of Group)

• Keed Ghana Limited – Tech Solutions, E-Games Development

• Birchfield (Ghana) Limited – Logistics, Property Development

Source: Modern Ghana

Praise Nutakor recognised among Ghana’s top 10 women in PR

Bolgatanga, March 29, GNA – For the third consecutive time, Ms Praise Nutakor, Head of Communications and Partnerships at the United Nations Development Programme (UNDP) in Ghana, has been recognised as one of Ghana’s top 10 women in Public Relations by the Women in PR Ghana.

Women in Public Relations Ghana is a professional networking organisation committed to educating, mentoring and empowering female PR professionals and students and the recognition is to celebrate the contribution of women to achieving gender equality in the industry.

A statement, copied to the Ghana News Agency stated that among other things, Ms Nutakor was result-driven communications expert in charge of communication and implementation, and “throughout 2021, Praise has been actively supporting the efforts of her organisation by equally amplifying information on her social media pages especially LinkedIn and Facebook.

“She was awarded by UNDP for her outstanding leadership in communicating on the Sustainable Development Goals (SDGs).

“She is also passionate about media capacity development where she organised various trainings for media practitioners across the country in different SDGs areas, recently on data storytelling to empower Journalists to advocate more on SDGs issues with evidence.

“As a leader with outstanding track record, Praise affectionately called the SDG woman, has led multinational projects including the YouthConnekt Africa; a youth led conference which brought together over 2000 young delegates with high profiles from across the continent, organised strategic communication training for district assemblies, also led a Sustainable Development Goal (SDG) training for journalists and many more,” it added.

The statement said Ms Nutakor also participated in the Global Women in Public Relations International Women’s Day Mentorship Programme and currently served as an Advisory Member for Women in PR Ghana.

Ms Nutakor who thanked Women in PR Ghana for the recognition explained that she was motivated to continue to contribute more for sustainable national development especially the attainment of the SDGs.

She said, “this is yet another big challenge to continue to pursue excellence to uplift the face of the communications industry”.

Source: Ghana News Agency

2022 Ghana Music Awards UK to be launched in Ghana in June

Organizers of Ghana Music Awards UK have stated that the 2022 edition of the awards will be launched in Ghana in June while the main event will come off in August.

The Chief Executive Officer of the awards, Alordia speaking to Attractive Mustapha at the just ended 3Music Awards, said the initial plan was to move the event to 02 indigo this year where Kuami Eugene and Kidi had their event but that plan has been cancelled.

According to Alordia, all efforts have been made but due to past unsettled issues with 02 Indigo, they would have to look elsewhere.

He also stated that instead of the event coming off in October it has been moved to August but the official date in August will be announced in due time.

Ghana Music Awards UK is a people’s choice Awards Scheme expanding the development of the Ghanaian Music Industry both at home and abroad.

Last year, Diana Hamilton won the overall Artiste of the Year, Gospel Song of the Year, and Gospel Artiste of the Year awards.

Source: Modern Ghana

MTN Ghana Inducted Into Ahria Hall Of Fame, Wins Seven Awards In One Night

MTN Ghana has been inducted into the African Human Resources Innovation Awards (AHRIA) Hall of Fame at a ceremony held over the weekend in Accra.

In addition, MTN won six other prestigious awards, the highest of awards received by any nominee at the event.

The awards MTN received were:

HR Hall of Fame – MTN

Best Organization in Employee Benefits

Most Innovative Work from Home Plan Policy

Employer Brand of the Year

HR Team of the Year (Gold)

Employer of the Year

Africa Top 50 HR Leader – Amma Benneh-Amponsah

The Chief Human Resources Officer at MTN Ghana, Amma Benneh-Amponsah was named among the Africa Top 50 HR Leaders. This is the third time Amma has been recognized for her exceptional contribution to people/human capital strategies in Africa.

Speaking at the Awards, Amma Benneh-Amponsah, expressed gratitude to the organizers and dedicated the awards to MTN Employees. She said, “As an organization, MTN enables an environment that allows Employees to thrive in positivity and live inspired.”

The Chief Executive Officer of MTN Ghana Mr. Selorm Adadevoh congratulated Amma and the HR team for the excellent work done over the years, especially during Covid to ensure Employees are well informed, safe and energized to work anywhere and anytime which is the new normal. He also commended the human resource practices and interventions put in place to ensure productivity and innovation that continues to impact our valued customers and stakeholders.

The Africa Human Resources Innovation Awards formerly called Ghana Human Resources Innovation Awards is an annual celebration of leading Human Resource Practitioners and organizations with Top-notch HR models who have made sterling contributions to the corporate sector over the years. MTN has won over 20 awards since the inception of the Africa Human Resources Innovation Awards in 2018.

Source: Modern Ghana

Diana Hamilton, Alice Mckenzie and Nigerian singer Eben take dynamic praise to UK

Celebrated London-based Ghanaian gospel musician Diana Hamilton, Alice McKenzie, Ruth Appiagyei, Teddy OT and Nigerian popular musician Minister Eben took the Dynamic praise event to the United Kingdom last week.

Dynamic Praise UK 2022 is a concert for all Christain denominations and believers of the Gospel.

The event which is hosted by IBE GiantKiller is aimed at bringing all Christians mainly African Christians in the United Kingdom under one roof to praise and worship God.

This year’s edition was held in Croydon where most Ghanaians and Nigerians are dominated in London but according to the organizers in a chat with Attractive Mustapha, it will be moved to other regions in 2023.

Diana Hamilton, Alice McKenzie and other musicians who performed said they will be glad to join the train in 2023.

Source: Modern Ghana