Leading Asia Pacific Carrier Leverages Synchronoss Email Suite to Support Significant Growth to Over 50 Million Users

Company Expands Existing On-Premise Deployment of Mx9 Messaging Platform, Offering an Array of New Features to Ensure Security, Data Privacy, and an Improved User Experience

BRIDGEWATER, N.J., Jan. 03, 2023 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced a $3.6 million contract to support significant growth in the messaging subscriber base with one of the largest mobile and telecom operators in the Asia Pacific region. Building on a long-standing relationship spanning over 20 years, the Synchronoss Email Suite will now support over 50 million users.

The Synchronoss Email Suite includes the Mx9 core messaging platform that is highly scalable with a stateless architecture, designed to be fault tolerant. It integrates encryption to ensure the utmost in security and data privacy.

Mx9 offers an intuitive web user interface (UI) for email, contacts, and calendar. Through the Huge Mail feature, Mx9 supports large file exchanges, and integrates Razorgate, an unparalleled message filtering capability designed to remove spam and mitigate the threat of phishing and viruses.

“Supporting on-premise and cloud deployments, our Synchronoss Email Suite provides the capability to deliver a powerful and easy-to-use communications suite that is scalable and capable of supporting millions of users,” said Jeff Miller, President and CEO of Synchronoss. “The growth and expansion of our partnership with this leading Asia Pacific carrier underscores the commitment of our team to continuously innovate and deliver highly scalable solutions that meet the needs of today’s leading communications service providers worldwide.”

Today Synchronoss Email Suite supports 20 major email deployments through service providers in North America, Europe and Asia Pacific, and hosts more than 180 million mailboxes. To find out more about the platform and other messaging solutions, visit https://synchronoss.com/products/engagex/email-suite.

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8723275

Bono NPP Chairman describes 2023 as year of economic prosperity

Sunyani – Mr Kwame Baffoe, the Bono Regional Chairman of the New Patriotic Party (NPP), has described 2023 as a year of prosperity for the nation despite the global economic challenges.

“2022 has been difficult throughout the world due to the COVID-19 pandemic and other global factors, which affected millions of lives including Ghanaians, but the country is marching forward with renewed energy to turn around the economic fortunes,” he said in a statement copied to the Ghana News Agency (GNA) in Sunyani.

That notwithstanding, the statement urged Ghanaians to support the government and work harder to improve productivity, saying 2023 provided an opportunity “for us to make a fresh beginning and work harder to enhance our economic prospects.”

“Challenges arising out of the COVID-19 pandemic, Russia-Ukraine war and other global situations require us to strengthen the nation’s determination to move forward in unity,” it added.

“It is time for our collective revival to shape our future, one step at a time as we march towards shared prosperity.

“As a nation, we now have a good reason to cease looking backward and instead look ahead and pull forward into the direction of inclusive progress and prosperity,” the statement said.

It urged the supporters of NPP to avoid complacency and strengthen their resilience and work hard, saying “it is only hard work that would enable us to break the eight in Election 2024.”

The statement advised the chiefs and people of the region to endeavour to bury their differences, forge ahead in unity towards building and strengthening peace, stability, harmonious and prosperous region.

Source: Ghana News Agency

NDC Member to support construction of Alavanyo-Agorme Party office

Alavanyo (V/R) – Mr Frank Selorm K. Ankutse, a native of Alavanyo-Dzogbedze and a member of the National Democratic Congress (NDC) in the Hohoe Constituency, has pledged his support towards the completion of a party office at Alavanyo-Agorme.

He said he would provide building materials and the necessary support needed for the completion of the office, which is currently at a foundation level.

Mr Ankutse, who received a request from the Party leadership in the area, said a branch office would enhance effective party administration and activities.

He applauded the executives for the initiative, adding that the branches were the roots of the Party and needed to be strengthened to win power in the next general elections.

Mr Agbebo Eric, the Agorme NDC Branch Chairman, who made the request, commended Mr Ankutse for his willingness to help the Party with its self-help project of putting up an office.

He said they were ready to also offer the little they could in the office building.

Mr Ankutse also toured some other communities within the Constituency including Wli Todzi.

He congratulated, shared words of motivation and encouragement with the newly elected branch executives of Wli Todzi and urged them to work harder for the party to come to power in 2024.

Mr Ankutse paid a courtesy call to the chiefs and people of the community and made an undisclosed cash donation to the youth.

Source: Ghana News Agency

Tano North MP pledges more development projects for constituents

Duayaw-Nkwanta (A/R) – Dr. Freda Prempeh, the Member of Parliament for Tano North in the Ahafo Region, has pledged to ensure all communities in the constituency benefited from development projects to improve residents’ lives.

She said though many of the communities had already benefited from several development projects, tackling the immediate needs of the people remained her priority, and promised to do more in 2023.

Dr. Prempeh, also a Minister of State at the Office of the President, made the pledge in an interview with the Ghana News Agency (GNA) at Duayaw-Nkwanta after she had inspected progress of work on some on-going projects being implemented by her in the constituency.

The MP said she had already engineered the construction of 115 mechanised boreholes, nine Community-based Health Planning and Services (CHPS) Compounds, 12 schools, nine durbar grounds and seven modern public toilets spread across communities in the constituency.

Other projects included two markets, two paved lorry stations with sheds and one Astro-turf pitch.

Dr. Prempeh said she had also supplied and installed 500 streetlights in some of the communities.

Dr. Prempeh said she had connected about 90 per cent of deprived communities in the constituency onto the national electricity grid and was also constructing two separate 100-bed capacity hostels for the Yamfo College of Health and the Tanoso Community Nurse Training College in the area.

About 80 percent of the total road networks in the constituency are under rehabilitation and reconstruction and progressing steadily, she added.

Source: Ghana News Agency

UN Security Council Welcomes New Members; 2 are First-Timers

Ecuador, Japan, Malta, Mozambique and Switzerland got a formal welcome into the U.N. Security Council on Tuesday, taking the two-year seats they won unopposed in June.

In a tradition that Kazakhstan started in 2018, the five countries’ ambassadors installed their national flags Tuesday alongside those of other members outside the council chambers.

Mozambican Ambassador Pedro Comissário Afonso of Mozambique called it “a historic date” and Swiss Ambassador Pascale Baeriswyl said she felt “a deep sense of humility and responsibility” as their countries marked their first-ever terms on U.N.’s most powerful body. Malta joined for a second time, Ecuador a fourth and Japan a record 12th.

China, France, Russia, the United Kingdom and the United States are permanent, veto-wielding members of the group. Its 10 other members are elected by the 193-nation General Assembly for staggered, two-year terms. They’re allocated by global regions.

To many countries, winning a council seat is considered a signature diplomatic accomplishment that can raise a nation’s global profile and afford small countries a bigger voice than they might otherwise have in the major international peace and security issues of the day.

The council deploys peacekeeping missions, can approve sanctions and speaks out — sometimes — on conflicts and flashpoints, while also surveying such thematic issues as terrorism and arms control. While many matters are perennials on the agenda, council members also can use the platform to spotlight emerging concerns or topics of particular interest to them.

Countries often campaign for the council for years. Some 60 nations have never had a seat since the group’s formation in 1946.

The five latest members are replacing India, Ireland, Kenya, Mexico and Norway. Their terms ended December 31.

The other current two-year members are Albania, Brazil, Gabon, Ghana and United Arab Emirates.

Source: Voice of America

‘Cedi will inevitably depreciate further from January to June’ – Ato Forson projects

Former deputy Minister of Finance, Dr. Cassiel Ato Forson has projected that the Ghana cedi with return to depreciation trajectory between January to June 2023.

It will achieve stability therefrom after a possible International Monetary Fund (IMF) board approval of a US$3bn facility the government applied for in 2022, which facility he believes will be available in the second quarter of 2023.

Government and the IMF reached a Staff-Level Agreement on the deal late last year.

The local currency depreciation was one of 10 economic projections the Ranking Member on the Finance Committee on Parliament put on in a January 3, 2023 social media post.

“The cedi will inevitably depreciate further, from Jan to June. Before a possible IMF board approval in Q2, 2023.”

Ghana had a torrid 2022 amid an economic crisis that forced government to seek an IMF facility at a time the cedi was rapidly depreciating, inflation was galloping and government was faced with multiple downgrades by rating agencies.

The government has serially blamed the crisis partly on the aftershocks of the COVID pandemic and the ongoing Russia-Ukraine war.

According to Ato Forson, Ghana will likely record a poor non-oil GDP growth citing the impact of government’s debt restructuring programme and other unfriendly fiscal and monetary policies government is set to roll out.

“The haircut on domestic bonds and Eurobond is expected to adversely impact the health of the banking sector, local businesses, and individuals! Also, Bilateral debt restructuring will lead to government’s foreign-financed projects being abandoned.

“Unemployment will worsen due to the freeze on employment, debt restructuring, poor business climate, and massive austerity. Ghana will default in the payment of interest and principal on domestic bonds, Eurobonds, and most of our bilateral loans in 2023.”

He continued: “Also, the government’s policy of automatic adjustment of electricity tariffs will exacerbate the high cost of living in 2023. Inflation is expected to be above 30% for the most part of 2023,” he added.

Government has promised to turn around the economic fortunes of the country after sealing the Staff-Level agreement with the IMF with the hope that funds from the US$3 billion facility will be released early this year.

Source: Ghana Web

US dollar makes strong start to 2023 after months-long slump

The US dollar posted gains against nearly all its major peers as trading kicked off in 2023 after a seasonal holiday lull.

Only the Japanese yen proved stronger than the greenback among Group-of-10 currencies, with the pound, euro and Swiss franc falling sharply. That saw the Bloomberg dollar spot index climb as much as 0.9%, putting it on track for its best day since mid-December.

Traders said the moves were exacerbated by thin liquidity. But it was also a reminder that the dollar’s decline in recent months — which is broadly expected to keep going this year — will not be a one-way move.

“From a re-balancing perspective, the US dollar ended the year a bit overdone,” said Geoff Yu, senior currency strategist at Bank of New York Mellon. That implies “a bit of recovery flow happening almost by default.”

The Bloomberg spot index fell 6.8% between October and December 2022 as traders slashed long-dollar positions, its worst quarterly performance for more than a decade. While Yu sees further weakness, he’s “highly skeptical” that the Federal Reserve can cut interest rates this year, which could help temper a longer-term drop.

Traders will scour new data this week for clues on the state of the US economy. Signs were building last year that an aggressive cycle of rate hikes was starting to bring down red-hot inflation, though wage gains remain strong, suggesting higher rates for longer.

The Australian dollar led losses against the greenback, down 1.4% to 0.6707. The yen bucked the trend to advance, reflecting bets on tighter policy from the Bank of Japan after its surprise December decision to tweak its yield curve control settings.

The currency pared gains in European hours to trade up 0.2% at 130.59, after earlier appreciating nearly 1% to the strongest since early June. With Japanese financial markets still shut for new-year holidays, currency flows doubled since the London open, according to Ian Tew, head of G-10 currency spot trading for EMEA at Barclays Plc.

“We’re looking at an uncertain 2023 and many macro themes will dictate market narratives — today feels like an unwind of short-term December positions, rather than anything fundamental to start the year,” Tew said. “The overwhelming flow has been for yen calls in the option space, but we have also seen dollar demand from hedge funds.”

Source: Ghana Web

National Cathedral: Government paid David Adjaye, design team GH¢113 million – Secretariat

The amount paid directly to the Consultant, Adjaye Associates & Design Team, in connection with the National Cathedral is GH¢113.040.54.67 million, Executive Director Dr Paul Opoku Mensah has revealed.

Speaking at a bible-reading marathon on Monday, 2 January 2023, Dr Opoku Mensah clarified that all the funds allocated to the construction of the edifice have been accounted for to the pesewa and none went missing.

He said GH¢339 million of state funds has been expended on the cathedral as of December 2022.

Dr. Opoku Mensah reported to President Akufo-Addo and the media at the event: “For purposes of clarity, I want to report a verbatim memo I sent on this issue dated 19 January 2022 and addressed to the Clerk of Parliament”.

“The indication was that the government has given us GH¢339 million and we could account for GH¢225 million leaving GH¢114 million missing”, he noted.

“Here, I quote what I wrote to the Clerk: ‘As we indicated to the Committee on Thursday, December 15, 2022, the total amount paid by the government of Ghana to the National Cathedral project is GH¢339 million. This total is made up of the following: the amount paid directly to the National Cathedral Secretariat is GH¢225 million. The amount paid directly to the Consultant, Adjaye Associates & Design Team is GH¢113.040.54.67 million. The two payments total GH¢339.003.064.86’.”

Dr. Opoku Mensah, thus, dispelled claims that some monies allocated for the construction of the cathedral cannot be accounted for.

“So, there are no missing funds that could not be accounted for. Secondly, the detailed account for these funds was provided to Parliament on 15 December 2022 by the Secretariat”.

“In the case of the accounting from the Secretariat, this involves among others, total payments made to the contractor, and total payments made to the Bible Museum and Biblical Gardens Design Team.”

He also expressed the secretariat’s displeasure at the “misrepresentation” of facts on the project by some Members of Parliament.

“While projects of this nature will always have discontent, we are nonetheless concerned about the misrepresentations, particularly when it comes from Members of Parliament”, he mentioned.

“For instance, the continued misrepresentation of the contract to the consultants is worrying as none of the amount bandied around comes anywhere near the contract amount.

“Rather than 34% that they said we’d paid the architect, actually, the contract figure is 12.5% when the Ministry of Works and Housing allows for 15.5%. And the 12.5% will not change irrespective of what happens to the total cost”.

“More critically, the contract is not for an architect, but for a set of consultants’ services involving 15 international and Ghanaian firms of which Sir David Adjaye Associates is the lead consultant.”

In the 2023 budget, the government allocated a sum of GH¢80 million toward the construction of the cathedral, however, the minority caucus succeeded in disapproving it.

The money was, however, reallocated to the communications and road sectors.

Source: Ghana Web