Duck Creek Technologies Announces New Chief Financial Officer

Company appoints Teresa M. Kim, experienced technology finance executive, to oversee finance and accounting functions

Duck Creek Technologies Announces New Chief Financial Officer

Teresa Kim, Duck Creek Technologies CFO

BOSTON, Sept. 11, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the appointment of Teresa M. Kim as chief financial officer (CFO). Kim is an accomplished senior finance leader with a strong background and history in cloud computing, technology platforms, and “Big Four” public accounting. She joins Duck Creek following a 20-year tenure with Akamai Technologies (Akamai), a worldwide content delivery network and cloud service company, where she most recently served as vice president (VP) of finance in their cloud technology group overseeing $2 billion-plus in revenues while helping the business to build a scaling world-class platform. While at Akamai, she also was VP of finance in their media and carrier division helping to lead strategic media customer contract negotiations. Previously, she held a role as assistant controller overseeing global accounting and operations leading a large team of 120 professionals and building out finance centers of excellence in India and Poland.

Prior to Akamai, Kim served as a senior auditor with Ernst &Young (EY), supporting clients in EY’s technology, communications, and entertainment sector. She began her career in financial consulting roles with KPMG and Economic Analysis Corporation before moving into public accounting.

“Teresa is a dynamic and thoughtful leader with strong financial acumen, client focus, and experience across cloud and platform technology operations. As Duck Creek continues to focus on international growth and SaaS maturity, she will be a tremendous asset in helping to direct our own strategic transformation and optimize our financial operations,” said Mike Jackowski, CEO of Duck Creek. “This is an exciting time for all of us at Duck Creek and I am confident her talent will help us to continue creating value for our customers, partners, and stakeholders.”

Kim adds, “I’m excited to join Duck Creek as it strengthens its leadership position in the global insurance industry. I’m honored to have the opportunity to work closely with Mike and the entire Duck Creek team during a period of accelerated growth.”

Kim earned her Bachelor of Arts degree with a focus in economics and minor in Asian American studies from UCLA. She earned her MBA and a master’s degree in accounting from Northeastern University. Kim is based in the greater Boston area.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Contact

Drake Manning
Duck Creek Technologies
drake.manning@duckcreek.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4a0ac0b9-1a79-4e33-a4bb-d27139e4383d

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Access Bank and Deloitte equip over 100 SMEs at maiden business interaction series


Access Bank Ghana has deepened its commitment to the cause of SMEs through the introduction of the SME Business Interaction Series, in partnership with Deloitte, a leading global audit, and financial advisory firm.



Under this new partnership, Access Bank seeks to equip over ten thousand (10,000) additional SMEs with knowledge in the areas of taxation, governance, record keeping, and business growth, among others. These are meant to help them maximize profits and scale up their businesses.



In a welcome address to participants at the maiden edition held at the Accra Digital Centre and streamed online, the Group Head of Business Banking at Access Bank Ghana, Kafui Bimpe explained the rationale behind the SME Business Interaction Series.



“This interaction is aimed at equipping more SMEs with superior knowledge, modern tools and techniques, winning strategies, and the necessary business acumen to enable them to succeed and compete internationally. Within the past three years, we have impacted over 170,000 SMEs through various capacity-building sessions,” he said.



He noted that the introduction of the series is a demonstration of the Bank’s commitment to accelerating the growth of SME businesses in Ghana together with their partner Deloitte.



“In today’s rapidly evolving business environment, the role of collaboration and knowledge-sharing cannot be overstated. This series serves as a platform for us to engage in meaningful conversations, exchange ideas, and foster a deeper understanding of the challenges and opportunities that lie ahead.”



President of the Ghana Union of Traders Association (GUTA) Dr. Joseph Obeng thanked Access Bank and Deloitte for their support to SMEs noting that, though these trainings are expensive, they have been given freely to allow SMEs to gain insight into pertinent business skills and strategies to help them succeed.



Facilitating the training of over 300 participants, Kwabena Antwi Situ, Assurance Partner from Deloitte Ghana, walked participants through the three fundamental reasons people ventured into businesses and assured them an exciting journey in the year-long SME Business Interaction series.



He said, “People enter business for these three reasons: to make a profit, to survive, and to grow”. Kwabena and his team from Deloitte educated participants on how to succeed in their business. “For SMEs to succeed, they need to diligently keep records, distinguish, and properly allocate income between profit and capital, and practice a culture of savings.



Chamber of Young Entrepreneurs and Ghana Start-Up Association (GUTA), Trade Advocacy Group Ghana (TAGG), Association of Ghana Industries (AGI), Ghana Chamber of Young Entrepreneurs and Ghana Start-Up Association, expressed their joy at the depth of knowledge acquired and promised to put it to good use.



Operating from 18 countries in Africa, Asia, the United Kingdom, and France and 700 branches and service outlets, Access Bank continues to build long-term relationships with customers based on trust, digital innovation, and good customer service.



The Bank has developed a deep understanding of its customers over the years, delivering excellent services and empowering them to achieve more through financial education.



Source: Ghana Web

We expected GH¢3,000 instead of GH¢1,380 – Cocoa farmers lament new price by government


Whereas President Nana Addo Dankwa Akufo-Addo’s announcement of a new producer price for a bag of cocoa was met with wild jubilations at an event in Tepa on Saturday, some group of farmers have expressed worry over the government’s decision to peg the new price at GH¢1,308.



Secretary of the National Cocoa Farmers Association, Johnson Asante in an interview with Oyerepa FM said farmers expected to be given at least GH¢3,000 as the new price.



“We have heard about it but we don’t want to believe in rumours that the cocoa price has been increased to GH¢1,308.



“For myself and my members, we are not happy about it because if cocoa price on the world market is $12.99 per pod, its unfathomable for us to be given that amount. We cultivated the crop on our own lands… If I had my way the price should be increased to GH¢3,000 per bag.”



President Akufo-Addo speaking at an event on Saturday, September 9, 2023, said until recently, international prices of cocoa had remained very low, and made worse by COVID-19, adding that, in spite of this, COCOBOD and Government have been taking the very hard decision of increasing producer price of cocoa.



“Cocoa prices have increased from seven thousand, six hundred cedis (GH¢7,600) per tonne in 2016, to twelve thousand, eight hundred cedis (GH¢12,800) per tonne in 2022, a significant increase of sixty-eight percent (68%).



“This has had an adverse impact on COCOBOD’s financial performance,” he said.



Acknowledging that the sustainability of the entire cocoa industry hinges on a well remunerated producer, who is willing to invest in business only with the certainty that Government will pay the appropriate price, the President stated that Government, in keeping with its promise to cocoa farmers has increased the producer price.



According to President Akufo-Addo, Government has “increased cocoa prices from twelve thousand, eight hundred cedis (GH¢12,800) per ton, to twenty thousand, nine hundred and forty-three cedis (GH¢20,943) per ton, or one thousand, three hundred and eight cedis (GH¢1,308) per bag. That price is seventy-point-five percent (70.5%) of the Gross FoB price, and is equivalent to one thousand, eight hundred and twenty-one dollars ($1,821) per ton.”



The president noted that the new price “is the highest price to be paid to cocoa farmers across West Africa in some fifty (50) years. With the predicted stable prices above two thousand, six hundred United States dollars (US$2,600) threshold, Government will continue to honour our famers with good prices in the years ahead. Indeed, better days are ahead.”



But according to Johnson Asante, farmers have been dealt raw deal by the government and thus bemoaned that contribution of the state in making cocoa farming unattractive to the youth.



He emphasized that the GH¢3000 cedis his group was proposing “will be helpful to farmers. These are some of the reasons why farming is no longer attractive to the youth who would prefer to engage in galamsey instead of cocoa farming,” he said.



Source: Ghana Web

Fiifi Kwetey to represent fmr President Mahama at the Nebraska-Ghana Trade and Investment forum


The much talked about Nebraska-Ghana trade and investment conference and agriculture program, coming up from 11th to 14th September 2023, continues to assert its relevance through the quality of Ghanaians it is attracting to its forum.



One of such dignitaries is no other than Ghana’s astute politician, Hon Fiifi Kwetey, who has been confirmed will be representing former President John Dramani Mahama.



The Nebraska Trade and Investment program, and the Husker Harvest Day event, taking place simultaneously from September 11th to 14th, 2023, is a combination of events that attracts business people, investors and farmers annually to update, learn, and exploit business, trade and investment opportunities in the State and build new partnerships, at governments, corporate, and individual levels.



Appreciating the immense value such a gathering holds for Ghana’s economic growth and diversification, former President Mahama, at his invitation to the event, determined that his tight schedule in recent times would not be enough reason to deny Ghana such an opportunity to maximize the offerings of Ghana’s good relationship with the United States of America, decided to send Hon Fiifi Fiavi Kwetey in his stead.



A former two-term Member of Parliament for Ketu South, and former Minister of State, Fiifi Fiavi Kwetey, who is the current General Secretary of his party, the National Democratic Congress (NDC), has also served the nation as both the Deputy Finance Minister and the Minister for Agriculture. He qualifies as best placed to represent Ghana at this auspicious trade and investment event.



According to Ghana’s Agrihouse Foundation, the local representatives, organizing partner, and lead coordinator of the event being organized in collaboration with GhaNeb LLC, a Ghanaian-American partnership, the event brings leaders in the agricultural, trade and finance space together with Ghanaian participants to interact, exploit partnership opportunities, strengthen bilateral ties, update on new technologies and advancements developing in both American and the global agriculture space.



The participants shall participate in top trade conversations with the Nebraska Department of Economic Development, interact with top industry players, and engage in market linkage negotiations, matchmaking, and investment-related activities.



Ultimately, it is envisaged that the program would develop and strengthen economic partnerships, provide access to valuable and sustainable market opportunities, enhance bilateral investments, and widen Ghana’s sources of boosting trade, investment, and economic growth.



Source: Ghana Web

Shipping lines, agents, importers conniving to evade taxes – GRA


The Ghana Revenue Authority (GRA) said it is enhancing efforts to ensure that importers who engage in the falsification of trade documents to evade taxes are brought to book.



According to the Authority, there is a growing rate of the act which is causing losses to the state.



Therefore, it is liaising with the various agencies to ensure that perpetrators of such crimes are caught and dealt with.



GRA also noted that this is after an intelligence in February 2023 where some two companies and importers had falsified trade documents on their bills of loading in clearing goods from the Tema Port.



Commissioner of Customs at the GRA, Alhadji Seidu Idrisu Iddisa, said “The Ghana Revenue Authority has noted with great concern an emerging practice where some custom house agents and the importers connived with some shipping lines to falsify trade documents especially the invoices and misdescribe the goods to obtain priority clearance leading to payment of lesser duties to the state.”



“We are currently investigating both the shipping lines and the agents and Importers to find out about the degree of collaborations that took place,” he added.



Source: Ghana Web

Editorial by Ghanaian Times: Increase in cocoa price encouraging but …


A new price of GH¢1,308.00 for a bag of cocoa has been announced by the government to take effect from the 2023/2024 cocoa sea­son, and it is a 63.5 percent increase over the previous price of GH¢800.00.



Thus, the current price of a tonne increases from GH¢12,800.00 to GH¢ 20,943.00.



A media report states that it was all joy last Saturday in Tepa when President Nana Addo Dankwa Akufo-Addo announced the new price of a program there.



According to the report, farmers thronged the front of the podium on which the President was speaking and expressed thunderous cheers for the new price.



The farmers have every cause to jubilate and we give the government all the commendation for the price increase because the price of cocoa has influenced efforts in its increased pro­duction since the colonial times.



It will be recalled that a coalition of British choc­olate manufacturers began buying cocoa beans in the country, led by WA Cad­bury, a subsidiary of Cad­bury Brothers.



Then in the 1930s, realis­ing the importance of co­coa to the lives of farmers and the country’s economy, the government took over the industry by setting up a body for a buying monop­oly.



The body, which meta­morphosed into the Cocoa Marketing Board (CMB) in 1947, was meant to protect farmers from volatile price fluctuations and this encouraged more production, to the extent that once upon a time, the country was the world’s leading pro­ducer of cocoa after its first official export of two bags in 1893.



In the 1970s, even though the world price of cocoa fell by two-thirds, Ghanaian farmers expressed dissatis­faction with the nearly 40 percent of the world mar­ket price they were being offered.



As a result, some farmers stopped cultivating cocoa and that partly affected the country’s total yield at the world market and so lost its leading position there.



From the brief historical evidence we have provided and the expression of joy by farmers for the new price, we can see the price of cocoa playing a major role in its cultivation.



We know that the government is doing other things like subsidising the price of fertiliser for the cocoa farmers and spraying the cocoa trees, but it should continue to give a fair and remunerative price for farmers’ efforts and one, as usual, meant to improve their lives.



Probably that will encourage them to put in the ef­forts of old for the country to recapture its position as the leading producer of the agricultural products.



This is important because cocoa is the mainstay of the Ghanaian economy and more yields of it, no doubt, will enhance the country’s economic growth.



We, however, wish to agree that all the threats to cocoa production in the country must be eliminated and these dangers are not limited to illegal mining and the smuggling of the beans to neighbouring countries.



Unchecked land acqui­sition by estate developers is an emerging danger that must be nipped in the bud.



The truth is that this industry has already started being a threat to agriculture production in the country and it is about time the government stepped in to control matters.



If this is not done, the whole agriculture industry will be in jeopardy and cocoa production cannot escape the brunt.



Source: Ghana Web

It’ll be easier for NDC to win 2024 elections than to lose – Yamin


Mr. Joseph Yamin, the National Organiser of the opposition National Democratic Congress (NDC), has conveyed his optimism about the party’s prospects in the upcoming 2024 general elections.



Speaking at the inauguration of the party’s communication team in the Afigya Kwabre South Constituency of the Ashanti region, he declared that it would be more challenging for the party to lose the election than to secure victory.



Mr. Yamin emphasised that the key to winning the general election comfortably lies in the groundwork the party undertakes in the lead-up to the polls.



He called for unity among party members to launch an extensive campaign and garner more votes, ultimately aiming to assume power in 2024.



He underscored the significance of the election outcome, suggesting that Ghanaians would be unforgiving if the NDC did not win the election and subsequently address the current economic challenges.



Additionally, Dr. Peter Boamah Otukonor, the former Deputy General Secretary of the NDC, criticised the government’s recent cocoa price increase as insufficient and an affront to farmers.



He argued that the adjustment could have been more substantial, taking into account the prevailing world cocoa prices.



Mr. Solomon Adomako, the Communication Officer for the party in the Afigya Kwabre South Constituency, provided insights into the purpose of inaugurating the communication team, emphasising the importance of effective communication in political campaigns and party activities.



Source: Ghana Web

Deputy Agric Minister leads delegation to Nebraska for the Agrihouse-GhaNeb LLC Agric, Trade & Investment Program


Agrihouse Foundation and Nebraska-based GhaNeb LLC have confirmed that the Deputy Minister (Crop), of the Ministry of Food and Agriculture, Hon. Yaw Frimpong Addo, will be leading the Ghana delegation, to attend its 1st Nebraska-Ghana Trade and Investment event, and also participating in one of the major agricultural events in the world, the Husker Harvest Days.



Twenty-two Government and Private Businesses are participating in the 5-day program, which is expected to create long-term Business Linkages and Trade opportunities where economic, practical measures and investment strategies will be discussed and explored, in the interest of both parties.



Supporting the organization of the event include the Nebraska Department of Economic Development, Grand Island Chamber of Commerce, Sandhill Global, RWH Energy, EZ Politix, and Certified Piedmontese.



Already confirmed to attend this program being, organized by GhaNeb LLC and Agrihouse Foundation, are representatives from the Ministry of Food and Agriculture, AMG Fertilizers, Collinmon Investment, Fidelity Bank, SAPIP, Cudjoe Abimash Farms, A.N. O. Enterprise and Interplast.



The rest are AgriPower, Elsiyne Enterprise, Ghana Federation of Livestock Inter-Professional (GHAFLIP), Enepa, Nature-Feast Farms LLC, and T & C Farms.



Giving a background to the event, the Executive Director of Agrihouse Foundation, Ms. Alberta Nana Akyaa Akosa, said the event, expected to be an annual one, would help Ghana and Nebraska to build on, and further strengthen business ties, which began in 2022, when Senators Julie Slama, Andrew Le Grone and Ken Schilz were in Ghana.



During their stay in Ghana, Agrihouse Foundation facilitated a Government and Private business stakeholders’ meeting in both Greater Accra and the Northern Region, as well as farm tours.



The program will equally present the opportunity for the Ghana Delegation to meet leaders in the Agriculture world and will also offer them, a valuable occasion to tap into a wide range of opportunities to gain new knowledge, exploit investment options, and widen their networks for sustainable business collaborations and expansions.



Activities for the 5-day event include a Welcome Networking Reception, Breakout Tours, Roundtable meetings, and B2B Matchmaking sessions.



The delegation will also have the opportunity to visit farms, processing facilities, and implement dealers.



Former State Senator Schilz and Mr. Kofi Amoabin, both of Nebraska-based GhaNeb LLC, mentioned their excitement, about working with Agrihouse Foundation, to facilitate opportunities, between Ghana and Nebraska.



We are confident, that, this first edition will yield great results.



We have positioned ourselves, to support and strengthen businesses and relationships, that will be established from here. The Statement concluded.



Source: Ghana Web