WadzPay’s Dubai entity receives Virtual Asset Service Provider (VASP) Licence from Dubai’s Virtual Assets Regulatory Authority

Issuance of licence is subject to meeting pre-operating requirements and qualifications for operational approval

WadzPay’s Dubai Entity Receives VASP Licence from VARA

WadzPay’s Dubai Entity Granted VASP Licence. Poised to Revolutionize Virtual Asset Transactions in Middle East.

DUBAI, United Arab Emirates, Feb. 28, 2024 (GLOBE NEWSWIRE) — WPME Technology, the Dubai-based entity of WadzPay, a leading fintech company specialising in blockchain based technology for virtual assets announced that it has been granted a Virtual Assets Service Provider (VASP) Licence for Virtual Asset Broker-Dealer service activities by Dubai’s Virtual Assets Regulatory Authority (VARA). The licence remains non-operational until the company fully satisfies all remaining conditions and select localisation requirements defined by VARA, following which it will be able to commence operations, subject to regulatory reverification and approval.

As one of the pioneers in blockchain based virtual assets technology, WadzPay is excited to deliver its innovative and industry-leading solutions to customers across Middle East while working closely with regulators in contributing to build a compliant and robust fintech ecosystem.

Mr. Anish Jain, Founder & CEO, WadzPay stated, “This licence showcases WadzPay’s dedication in promoting innovation in the field of virtual assets domain and blockchain technology bringing us a step closer to delivering world class solutions to businesses in Middle East.”

WadzPay aims to revolutionize the way people in the Middle East transact and manage virtual assets. WadzPay’s commitment to compliance ensures that financial institutions and their customers can confidently embrace the benefits of blockchain technology while adhering to regulatory standards, ultimately contributing to the growth and sustainability of the fintech ecosystem in the Middle East.

Mr. Ram Chari, Board Member and Group Director, WadzPay quoted, “This will further solidify WadzPay’s position as a trusted and reliable blockchain technology based financial service provider in the region. With the broker-dealer services, WadzPay will provide the technology to its clients to enhance the experience of their customers by enabling virtual assets transactions in a seamless and secure manner.”

To which Mr. Khaled Moharem, President – MENA & Europe at WadzPay, emphasized, “This cements our hard work and sets the stage for transformative blockchain solutions, promoting compliance and customer confidence in the Virtual Assets Industry.”

About WadzPay:

WadzPay was founded in 2018 in Singapore with a commitment to drive financial inclusion and revolutionise the virtual asset landscape. It is a leading global blockchain-based technology provider for virtual assets. The company’s innovative platform available as a SaaS offering provides secure, efficient, and transparent technology solutions, catering to businesses (B2B) and consumers (B2B2C). WadzPay works with large international companies, banks, and fintechs to enable virtual asset-based transaction processing, custody, and settlement. It operates across geographies spanning Asia Pacific, the Middle East, Africa, Europe, and the Americas.

For more information, visit www.wadzpay.com

About VARA:

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

For more information visit: www.vara.ae

For any media enquiries please contact:

Arijit Das

PR and Communications Manager

arijit.das@wadzpay.com

+91 9654930523

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/58f14eb8-1029-4e43-988c-02833036e716

GlobeNewswire Distribution ID 9053953

Bagbin echoes the little parliamentary prayer over Ghana’s hills and vales


As part of Parliamentary sitting and proceedings, the one presiding must say the little Parliamentary prayer.

On the day that President Akufo-Addo came to the house to give his address on the State of the Nation, that prayer was said, invoking the divine blessings of Almighty God upon the nation and its leaders and a call to patriotism.

Led by the Speaker, Mr Alban Sumana Kingsford Bagbin, the prayer echoed through the chambers, resonating with renewed optimism and aspirations of the Ghanaian people.

With heads gently bowed and hearts uplifted, members of Parliament joined in unity, seeking divine favour and guidance for the President’s address on the State of the Nation.

‘Almighty God, we humbly beseech Thee to look with favour upon this Parliament of the Republic of Ghana,’ Mr Bagbin, spotted in a pristine white smock with an intricate green design and a hat to match, said in Prayer moments after he walked into the chamber.

‘Grant that it may perform its high duty as in Thy sight,’ the Speaker intoned,
his voice carrying the weight of solemnity for the task ahead.

The prayer continued, with fervent appeals for divine guidance to be bestowed upon the President of the Republic and all elected officials.

‘Give Divine guidance to the President of the Republic; endow Members of Parliament and Ministers of State with discernment and vision, integrity and courage,’ the Speaker implored, emphasizing the importance of wisdom and moral fortitude in governance.

As the prayer reached its crescendo, the Speaker invoked the collective responsibility of government to serve the people with diligence and compassion.

‘…through the labours of government, this land and the people may be well and truly served,’ he declared, echoing with sentiments of duty and service engrained in the fabric of the Ghanaian society.

With a fervent plea for the realisation of divine purposes amid the nation, Mr Bagbin said, ‘Thy good purposes for the common human life be realized in our midst,’ the Speaker prayed, invoking a vision of harmon
y, prosperity, and justice for all citizens of Ghana.

‘O God, grant us a vision of our country, fair as it might be,’ a second Collect (a short prayer) rang out, carrying with it the hopes and dreams of a nation yearning for economic progress.

‘A country of righteousness, where none shall wrong his neighbour; a country of plenty, where evil and poverty shall be done away with…’

With fervent conviction, the prayers continued, invoking a vision of brotherhood and solidarity, where success is measured not by personal gain, but by service to others.

‘A country of brotherhood, where all success shall be founded on service, and honor shall be given to the deserving.’

For Mr Francis Yeboah, a civil servant, the prayer was profound and carried a sense of determination for a brighter future, requiring Ghanaians to redouble their efforts in the pursuit of progress and justice for all.

‘A country of peace, where government shall rest on the will of the people and the love for the common good,’ Mr Alban Bagbin pray
ed and reaffirmed the country’s commitment to democratic ideals and the welfare of all citizens.

‘Bless the efforts of those who struggle to make this vision a living reality. Inspire and strengen our people that they may give time, thought and sacrifice to peed the day of the coming beauty of Ghana and Africa,’ the Speaker of Parliament said.

As the echoes of the prayer faded into the air, a profound sense of solemnity lingered in the chamber of Parliament as Parliamentarians shouted Amen.

In that brief moment of collective reflection and supplication, the aspirations of a nation were laid bare, anchored in faith and a shared commitment to the common good.

President Akufo-Addo concluding his message on the State of the Nation painted a vivid picture of a future brimming with possibilities where adversity was but a stepping stone on the path to progress, saying, ‘we stumbled, but we are rising again. We were bruised, but we are healing. We have recovered our footing. We have dusted ourselves off, and now
we face tomorrow with confidence.’

The President wove a tapestry of hope and possibility, igniting a spark of inspiration, emphasising that ‘Every day we pray and hope that adversity may spare our families, our communities and our dear nation. But should we be confronted by misfortune; we must face it like people with a proud history who fight and do not flee.

‘Yenim ko; yen nim adwane. That is the Ghanaian spirit. That is our armour and our shield. This is our ethos. Let us believe in Ghana,’ he said amidst resounding applause.

Source: Ghana News Agency

Revised Standing Orders: Committee meetings of Parliament open to the public – Speaker Bagbin


The Speaker of Parliament, Mr Alban Sumana Kingsford Bagbin, has stated that the January 2024 Standing Orders of Parliament make the various Committee meetings of the legislature open and accessible to the public.

That, he explained, formed part of Parliament’s effort to deepen transparency and accountability in its activities.

It would be recalled that Ghana’s Parliament was recently ranked first in the Africa Open Parliament Index, Mr Bagbin said in his opening address at Kwahu during the orientation workshop for the second cohort of Members of Parliament (MPs) and Procedural Staff on the new Standing Orders of the House.

He said: ‘The old Standing Orders were discovered to have presented certain lacunae, anomalies, lack of clarity, and inconsistencies and the development of the current Standing Orders has been under review since 2002 to ensure that, the Orders are all-encompassing and reflective of evolving institutional needs.’

To achieve this, he stated ‘In consultation with leadership I constituted
a Technical Committee to speed up the review of the November 2000 Orders, consider its coverage and to provide for all the possible governance scenarios provided for in the framework of the 1992 Constitution.

‘The committee engaged with leadership, consulted various committees, sought the expertise of specialists in contemporary parliamentary democracy, and researched current best practices in other jurisdictions. The result is the January 2024 Standing Orders,’ the Speaker said. To buttress his point, Mr Bagbin quoted the renowned American entrepreneur and scholar, Max Depree, who once said, ‘We cannot achieve what we desire if we remain stagnant in our current state.’

The Speaker of Parliament, Mr Alban Sumana Kingsford Bagbin

Mr Alexander Afenyo-Markin, the Majority Leader and a New Patriotic Party MP for Effutu, in his remarks, was optimistic that, the revised Standing Orders of Parliament which included a dedicated segment known as ‘Backbenchers Time’ would foster inclusivity.

This initiative aims to
provide MPs situated at the backbench with an opportunity to actively contribute their ideas and perspectives, thereby enriching the Parliamentary practice.

He noted the significance of allowing backbenchers to voice their opinions and put forth proposals that could enhance legislative processes.

‘Mr Speaker, then again, the introduction of ‘Backbenchers Time’ for the first time, an opportunity is given to backbenchers who usually do not get the opportunity to have their day to articulate their views and bring meaningful statement proposals to enhance their legislative work,’ he said.

Mr Afenyo-Markin emphasised the importance of the workshop and reiterated the transformative potential embedded in the new Standing Orders.

He urged all MPs to actively participate, and he cited the advice of Mr Osei Kyei-Kyei-Mensah-Bonsu, a former Majority Leader, who once emphasised the crucial role Standing Orders played in an MP’s tenure.

‘Mr Speaker, colleagues, leadership, and honourable Members of Parliament, I will
conclude by encouraging you to participate diligently in this workshop. As the former Majority Leader Osei Kyei-Mensah-Bonsu said to me once, ‘My ability to stay in the house depended largely on how I used my Standing Orders’ and this I share with you the first-timers who may be struggling in your job as MPs. Please make the Standing Orders your friend because, with it, no one can intimidate you in the Chamber. With it, your confidence level will go very high. With it, there will be no disappointment,’ the Majority Leader advised.

Speaking on behalf of Dr Cassiel Ato Baah Forson, the Minority Leader, Mr Emmanuel Armah Kofi Buah, the Deputy Minority Leader, said it was indeed an important occasion as the vision for the revision of the Standing Orders which started over two decades ago had been realised. Stressing the relevance of the revised Orders of the House, he stated ‘Mr Speaker, in any progressive society every functioning institution is governed by rules and without rules there would be mere anarchy. M
uch more importantly, as the Legislative arm of government, the conduct of business in Parliament needs to be guided by rules.’

In his welcome remarks, Mr Cyril Kwabena Oteng Nsiah, the Clerk to Parliament, said that the hung nature of the Eighth Parliament, which was the first of its kind since the inception of the Fourth Republic, presented several novel situations and challenges that were not provided for under the Standing Orders of November, 2000.

‘This state of affairs required, therefore, that action be expedited on the revision of the Standing Orders to provide for aspects of our legislative procedures that were not within the contemplation of the drafters of previous Orders of the House,’ he said.

According to him, the orientation programme would allow MPs and Procedural Officers to familiarise themselves with the contents of the revised Standing Orders and provide the platform to seek clarity and understanding of provisions of the Orders to engender compliance with newly introduced procedures and
practices of the House.

Standing Orders are essential to regulate the Parliamentary proceedings of a Meeting.

Source: Ghana News Agency

Out-going Health Minister grateful to President Akufo-Addo for opportunity to serve Ghana


Mr Kwaku Agyemang-Manu, the former Health Minister, has thanked President Nana Addo Dankwa Akufo-Addo for giving him an opportunity to serve the country for seven years in that capacity.

Mr. Agyemang-Manu described the moment as ‘very historic’ because no health minister had ever served for that length of time within the fourth republican democratic dispensation of the country.

He stated President Akufo-Addo called to inform him about strengthening governance and the need to inject some fresh blood into his team to further the New Patriotic Party’s (NPP’s) chance of winning the Election 2024, hence the ministerial reshuffle.

Addressing a gathering of NPP supporters, council of elders, traditional rulers, electoral area coordinators, polling station executives at his residence at Dormaa-Ahenkro in the Dormaa Central Municipality of Bono Region, Mr. Agyemang-Manu admitted President Akufo-Addo had the sole prerogative to appoint or relieve an appointee of his/her post.

‘I want to thank the President for the
opportunity to serve in his government. This is not the first ministerial reshuffle to happen, as it happened in ex-Presidents John Agyekum Kufour and John Dramani Mahama’s governments. I have not scandalized any person or acted inappropriately. The President took the decision out of his own,’ he said.

Mr Agyemang-Manu said serving on behalf of the people meant strict accountability and thus required rendering an account of his stewardship to them.

He assured the people of ample time to participate in the Municipal Assembly’ meetings whenever possible for the continuous progress of the municipality.

Mr. Agyemang-Manu expressed appreciation to the constituents for their encouragement, saying that would strengthen his resolve to work harder to push development of the constituency to the next level if the electorate retained him in the 2024 parliamentary election.

Source: Ghana News Agency

Asante Akim South Municipal Assembly elects new Presiding Member


Members of the Asante-Akim South Municipal Assembly have finally elected a new Presiding Member (PM) after four rounds of voting failed to produce a PM.

Madam Beatrice Kyei, the immediate past PM and Mr. Michael Hanson, Assembly Member for Asuboa Electoral Area had to step aside following their inability to secure the votes of two thirds of the Assembly Members.

Having failed to break the deadlock after two rounds of voting during the inaugural meeting of the Assembly, the two faced off again twice without a winner, forcing the Electoral Commission to call for fresh nominations.

This paved the way for Reverend Ransford Asante, Assembly Member for Morso East, and Peter Kofi Azumah of Kurofa West, to pick forms to contest for the vacant position. Rev. Asante polled 54 votes as against 13 votes garnered by Mr. Azumah, thereby becoming the new PM of the Assembly after five rounds of voting.

He was sworn in by Mrs. Rose Marie Afua Asante, the Presiding Judge of Juaben Circuit Court.

The newly elected PM calle
d for a united front as an Assembly, devoid of partisan politics in the interest of the electorate whose mandate had been given them.

He thanked his colleagues for the confidence reposed in him and called for their unwavering support to collectively push the development agenda of the Assembly.

Mr. Alexander Frimpong, the Municipal Chief Executive (MCE), commended members of the Assembly for ending the prolonged election of a PM which he said could have disrupted the developmental efforts of the Assembly.

Source: Ghana News Agency

Let’s reflect on Dr Kwame Nkrumah’s achievements for Ghana – Kofi Buah


Mr Emmanuel Armah-Kofi Buah, the Deputy Minority Leader in Parliament, has asked Ghanaians to reflect on the dedication and contributions of Ghana’s first President, Osagyefo Dr Kwame Nkrumah, to the liberation and progress of Ghana and Africa.

A statement signed by Mr Buah and copied to the Ghana News Agency to mark the 58th anniversary of the overthrow of the late President, said: ‘The ever-regrettable coup that ousted the transformative leader from power and derailed our economic transformation remains a dark chapter in our country’s history’.

The statement said many years after his overthrow and the subsequent death in a foreign land, Dr Nkrumah’s legacy would continue to inspire generations even yet unborn.

He said as the nation honoured Dr Nkrumah and remembered the unfortunate events leading to that dark 24th Day of February 1966, all citizens must remain recommitted to upholding his ideals for a better Ghana and a prosperous Africa.

‘Let’s ensure the sacred vision lives on.’

Source: Ghana News A
gency

Togo delegation to grace Ghana’s 67th Independence Day at Kadjebi


Le Prefet de Wawa 1, the District Chief Executive (DCE) of Wawa 1 District in the Republic of Togo, is expected to grace Ghana’s 67th Independence Day parade at Kadjebi in the Oti Region.

The Wawa 2 DCE will also attend the Jasikan Municipal Independence Day celebration at Jasikan.

Mr. Wilson Kwami Agbanyo, Kadjebi DCE, disclosed this at the 67th Independence Day Committee Meeting at Kadjebi on Tuesday, February 27.

He told the Ghana News Agency (GNA) that the Jasikan team would later join their counterparts at Kadjebi for a Special Dinner organised in their honour.

Mr Dotse Gborgbortsi Alex, Kadjebi District Chief Inspector of Schools, told GNA that 29 Schools, including three Senior High Schools (SHSs) and twenty-six Basic Schools with 29 contingents each will partake in the Independence Anniversary parade.

He said the participating Schools will be awarded at the parade ground.

Mr. Cletus Chevure, Kadjebi District Coordinating Director, charged the Committee members to work diligently for a successful
celebration.

The Chiefs, Heads of departments, religious leaders, political party representatives, and traders, among others, are expected to grace the event.

During the 65th Independence Day parade in 2022, Mr. Assamoi Yao Oga and Mr. Bosiade Kodjo Francois, DCEs for Wawa 1 and Wawa 2 from the Republic of Togo were present.

There was, however, no delegation during the 66th Independence Day anniversary in 2023.

Source: Ghana News Agency

President Akufo-Addo commended for promoting electoral peace


The President, Nana Akufo-Addo has been commended by a section of the Ghanaian public for openly speaking against electoral violence and holding steadfastly to the democratic gains of the country.

The President, in the State of the Nation’s Address (SONA) delivered to Parliament on Tuesday, said Ghana’s democracy had come far and needed to be jealously guarded.

He said democracies were founded on elections, and a lot of responsibility lay on the political parties as well, and therefore urged the parties to demonstrate that competitive elections were honourable.

President Akufo-Addo said: ‘The loser congratulates the winner, and the world does not come to an end because an election has been lost.’

The President also charged the Electoral Commission to work with the political parties to iron out whatever problems, adding that, ‘It should not be beyond the country to resolve the problems that come up and concentrate on working to build the happy and prosperous country we want.’

These remarks from Nana Akufo
-Addo had won him many thumbs up when the Ghana News Agency interacted with some residents in Sekondi-Takoradi after the SONA.

Reverend Samuel Abraham, founder of the Fire Glory Chapel, said elections must not be a conduit to disrupt the gains made in the 30 years of constitutional and democratic governance but a means for the public to choose at any point in time who should governed them under a peaceful process.

He said the endorsement by the President for constitutional governance was a big plus and something that African leaders must learn from and promote healthy electoral processes to avoid the many political instability across the continent.

Reverend Abraham said Africa must arise from the many political tensions and focus on socio-economic empowerment of its people, which could only be achieved through a congenial political atmosphere.

The Reverend Minister encouraged all and sundry to take a huge cue from the President’s statement on electoral peace, stability and security of the nation and striv
e to work in achieving a prosperous continent.

Source: Ghana News Agency