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Addison acknowledges Amissah-Arthur, Wampah, Issahaku at opening of the Bank Hospital

Addison acknowledges Amissah-Arthur, Wampah, Issahaku at opening of the Bank Hospital

He opened the facility on Thursday July 8.

Dr Addison sated that on April 2018, the hospital was finally handed over to the Management of the Bank with some critical outstanding  issues relating to substantial IT related matters, architectural finishes, as well as electrical, mechanical, and biomedical installations.

While the technical team were working with the contractor to resolve all the outstanding issues and the training of the staff on these installations, he said, an implementation Committee was set up to help with the operationalisation of the hospital following the recommendations of the Blueprint Committee.

“In as much as we acknowledged the usefulness of these ongoing projects to support health care and recreational facilities of bank staff, the Board and the Management recognised the conflicting roles in pursuing the core mandate of the Bank, which is to ensure price and financial stability to foster growth, and effectively managing a hospital.

“Consequently, the Board and Management decided to carefully craft a path that would ensure sustainably managing this Hospital to best serve the interest of the Bank and the country at large. Therefore, the Board, having recognized that the Bank lacked the expertise to effectively manage a hospital complex, initiated a process to partner the private sector to effectively and sustainably manage The Bank Hospital,” he stated.

On the Business model guiding the operations of a hospital, he said, the implementation Committee recommended that The Bank Hospital should be set up as a commercial entity operating as a general hospital, to provide world-class OPD services, diagnostic services, and medical urology. The Committee recommended that the Hospital needed to be operated via a multi-disciplinary teamwork approach with the clinical business units at the OPD being allowed to generate its own income to meet some of its operational costs. Based on these considerations, the Bank of Ghana Board and Management opted for the Management Model of over 3-5 years.

“In line with the recommendations, the Bank appointed a sub-Committee of the Board of Directors to oversee the tendering process. Given the complex nature of the services being sought by the Bank, the Committee conducted a two staged tender process to select a partner with the necessary level of technical capacity to operate a 65-bed, multispeciality hospital as well as the financial proposal most advantageous to the Bank. Phase 1 of the Tender Process focused on the technical capacity of the bidding parties. From nine bidders, the Committee selected four parties, who demonstrated the necessary technical ability. These four parities were invited to attend separate meetings at the Bank Hospital in Accra, providing a further opportunity to gather information from the bidding party.

“Going into Phase 2 of the Tender Process, the four shortlisted bidders were provided with an updated RFP requesting more detailed technical information as well as a highly detailed financial proposal and model. After going through a lengthy selection process, Halcom Management Services (HMS) of South Africa was appointed by the Bank to manage the Hospital on behalf of the Bank. And subsequently the Committee commenced detailed due diligence of the counterparty ahead of final negotiations. Subsequently, the Bank appointed a transaction lawyer to help with the negotiation process.”

 “Let me take this opportunity, therefore, to specially acknowledge the then Governor, the late Kwesi Bekoe Amissah-Arthur, who begun this whole process, and then Governors Dr. Henry Wampah and Dr. Issahaku Nashiru, who successfully steered, implemented, and executed the Hospital Project to the state in which the  new management met.

“I also want to acknowledge the various Committee members and the entire team who worked tirelessly with dedication to accomplish the task. Today, only a few of the core members of the Committee are still at post but to those who have left the service of the Bank, we all say ‘a big thank you’ for the instrumental roles each of you played in executing this project.”

Source:3 News

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Good News for Tallest man in Volta Region: lands ambassadorial contract

The tallest in the Volta Region, Charles Sogli, has secured a contract with Twellium Industrial Company Limited, a local manufacturer of drinks and other food products.

Mr Ali Ajami, Marketing Director of the Company, which produces Verna purified water and also popular energy fizz, Rush, appended a one-year brand ambassadorial agreement with the 22-year-old who stands close to 8 feet tall, in Accra on Monday.

The Marketing Director said he looked forward to a long-lasting relationship and the growth of both parties and urged the talent to continue to trust the Company’s commitment.

Charles had to drop out from school at class five when he could not bear taunts and mockeries over his unusual size, and when he had to walk barefoot because there were no shoes to fit his feet.

He was sent to Ho by a philanthropist and took interest in welding and fabrication, and could be seen walking daily between his place of abode and apprenticeship as vehicle cabins could not contain him.

Recent media activity, especially by the Ghana News Agency, granted him public attention, which included some international interest.

Mr. Daniel Agbesi-Latsu, the spokesman for Mr Sogli, called on the Company to focus also on his educational needs, which had been affected by the early dropout from school.

Charles, who hails from Agortime Ziope in the Volta Region, is among five children of a farmer family, and the only one with a size almost twice as large as the average man.

Source : GNA

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Akufo-Addo launches $6B projects for bauxite mining and refinery

This will serve as the key pillar for the national strategy for industrialisation.

The projects, estimated to require some six billion dollars to execute, will be one of the most audacious projects since Ghana’s independence.

They would largely be driven by private investors in partnership with the Ghana Integrated Aluminum Development Corporation (GIADEC).

It will be implemented in four phases, with the first phase involving the expansion of the existing mine at Awaso in the Bibiani-Anhwiaso-Bekwai Municipal district of the Western North Region, and the building of a bauxite refinery.

The second phase will see the development of a mine and a refinery solution at Nyinahin-Mpasaaso in the Atwimaa Mponua District in the Ashanti Region.

The third phase will also see the development of a mine in Kyebi in the East Akim Municipal District of the Eastern Region and a second mine at Nyinahin-Mpasaaso.

A refinery will also be built in the Atwimaa Mponua District in the Ashanti Region and Kyebi, respectively.

In the fourth phase of the projects, the VALCO smelter will be modernised and expanded to improve efficiency and increase capacity.

At a ceremony in Accra, President Akufo-Addo said the projects, which would be developed concurrently, were a major milestone in country’s industrialization drive.

He said the development was a testimony that the government had kept faith with the people of Ghana on its commitment to exploit the bauxite resources for the full benefit of the Ghanaian people.

The President said the integrated aluminum industry was at the heart of Ghana’s industrial transformation agenda, and that it would exact a significant impact on the development of the Ghanaian economy and jobs and create wealth for the people.

The projects, President Akufo-Addo pointed out, would also ensure the integration and value addition across the aluminum industry value chain, lead to the total development of other sectors of the economy, especially the strategic railway and port sector infrastructures, which would be needed for the transportation and efficient operation of the exportation of bulk items.

He said the execution of the four projects would lead to Ghana reducing its reliance on imported aluminum products, and see the country generating business ventures that would generate employment and high paying jobs for the Ghanaian people.

Thus, he has directed the ministries for Railway Development and Finance to work together to accelerate the realisation of the Western and Eastern railway network.

The President gave the assurance that the government would lend the support needed to make the aluminum industry globally competitive, and ensure that competitively-priced power was made available to meet the requirements of investment partners.

He also emphasised that the Government would spare no effort to ensure that mining activities connected with the industry was carried out in a responsible manner, with minimal footprints on the environment.

Investors and stakeholders would, therefore, be made to ensure that the projects were implemented in an environmentally sustainable manner.

“We believe that mining can be and must be done in a responsible manner. Government through its regulatory agencies will act to protect our environment at all times,” he said.

As part of the ceremony, the President witnessed the signing of an agreement between GIADEC and Rocksure International, a wholly owned Ghanaian mining services company, who would partner GIADEC to implement the second phase of the project.

Rocksure Internatiinal operates across Ghana and the West African sub-region, with expertise in mining and drilling services, as well as load and haulage.

The second phase of the project, which is also referred to as Project Two, will see the production of five million tonnes of bauxite per annum, and the creation of more than 1000 direct and indirect jobs,

Mr Samuel Abdulai Jinapor, Minister for Lands and Natural Resources, noted that the projects were timeous, as the interest of the automotive manufacturers in the country made the integrated Aluminum industry more imperative.

He said his Ministry would ensure that the exploitation of the mineral resources were done in a responsible manner, and pledged a focused attention on the protection of the environment and biodiversity, while implementing the projects.

Mr Jinapor said the Ministry had started an aggressive afforestation programme to restore the lost forest cover and continued to wage a relentless war on illegal mining.

Source : GNA

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‘Economy rebounding faster from Covid-19 impact than ‘ – Akufo-Addo

138 Ghana Currency Photos and Premium High Res Pictures - Getty Images

President Nana Addo Dankwa Akufo-Addo, says Ghana’s economy rebounding faster from the ravages of COVID-19 than envisioned, following a slow rate of growth in 2020.

Speaking at the maiden edition of the Presidential Business Support, on Tuesday, 14th September 2021, at the Kempinski Hotel, President Akufo-Addo noted the support offered by the private sector, coupled with effective management of the COVID-19 crisis by Government, have seen the Ghanaian economy outperforming her peers, and rebounding faster than envisioned.

“After recording negative growth in the second and third quarters of 2020, the economy recovered strongly in the fourth quarter of the year, and well into the first and second quarters of 2021, registering an impressive growth rate of 3.1% in the first quarter of this year, and 8.9% in the second quarter,” he said.

The President continued, “The strong rebound in growth, low inflation rates, the stable currency, the strong reserve position, and FDI flows are clear indicators of our collective desire to restore the Ghanaian economy onto a path of sustained stability and growth. We will continue to strengthen and deepen our engagement with the private sector towards realizing this goal.”

Towards the growth of the Ghanaian economy, President Akufo-Addo told the gathering that, since 2017, Government has implemented policies and programmes that led to consistent economic growth averaging 7%, making Ghana one of the world’s fastest growing economies.

Ghana, he stressed, has become the leading recipient of foreign direct investments (FDI) in West Africa, and one of the most attractive investment destinations on the continent of Africa.

However, following the onset of COVID-19, which disrupted the global economic order, the President stated that the pandemic eroded the significant gains made by the Government in the management of the economy.

“That notwithstanding, we were one of the few economies in the world to have recorded positive growth, as the global economy went into recession. We have taken bold measures necessary to stem the risk of a recession, mitigate the negative economic impact of the pandemic, and significantly reduce its burden on our population,” he said.

Explaining the rationale for the holding of the Summit, President Akufo-Addo indicated that these consultative engagements with the private sector have been convened as part of the Government’s Public Private Dialogue (PPD) framework, to help improve the business environment in the country.

Government, he explained, fully recognizes that it is the resilience and ingenuity of the private sector that can guarantee economic growth, create substantial job opportunities for Ghanaian youth, and strengthen the country’s position as an economic powerhouse in West Africa.

“Consequently, I have directed Ministers and relevant heads of state institutions to participate actively and fully in this important Summit, and ensure that there is constructive dialogue between Government and the private sector towards realising our vision of a Ghana Beyond Aid,” the President said.

Re-echoing:

Government’s commitment to the structural transformation of the Ghanaian economy, he indicated that, since 2017, Government has launched a comprehensive and ambitious programme for industrialization, based on the Ten Point Industrial Transformation Plan, the implementation of which is being coordinated by the Ministry of Trade and Industry.

“This Plan, amongst others, includes the One District One Factory (1D1F) initiative, the new Strategic Anchor Industries programme, designed to diversify our economy beyond cocoa and gold, the development of industrial parks and special economic zones, the development of small and medium-scale enterprises (SMEs), and the establishment of Business Resource Centres (BRCs) and Technology Solution Centres (TSCs) in various parts of the country,” he said.

Source: Graphiconline

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