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“NITA should be the heart of Ghana’s ICT Ecosystem” – Minister for Communication

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The Minister for Communication and Digitalisation, Ursula Owusu-Ekuful has emphasised the need to empower the National Information Technology Agency (NITA) with a Legislative Instrument (LI) to enable the agency effectively to regulate and enforce the laws in the ICT ecosystem in Ghana.

She noted that there are laws intended to regulate ICT in Ghana but due to the absence of a backing of the Legislative Instrument, it is very difficult to operationalize them.

“If you want to register service providers, they will ask you, how are you going to do it? We can’t just make it up if we go on. Since 2017 we have been working on operationalizing the Act but this is a very broad sector” Madam Owusu-Ekuful said.

The minister disclosed at the NITA organised brainstorming ICT stakeholder conference to review the draft content of two Legislative Instruments (LIs) for the NITA Act, 2008 (Act 771) and the Electronic Transactions Act, 2008 (Act 772) which are being prepared to be put before Parliament that they are trying to work with the Public Procurement Agency (PPA) to ensure that all procurement of ICT goods and services are done with the input of NITA.

“Just like the Attorney-General is the legal adviser to the government, we see NITA as the ICT adviser to the government,” the Minister said.

She expressed worry over how the service providers have been left to dictate the pace of Ghana’s digitalization agenda without the policy maker determining when, how, where and why.

It is as if people come up with products and we just say it is a good idea, let’s do it but is it part of the implementation of your own policy and is it in line with your own objective as a government? That gap has also been identified and this is where NITA should be the heart of the ICT Ecosystem and see to it that everything that we are doing is in line with the implementation of the policy that we have decided to guide this process” the minister for communication pronounced.

The Director General of NITA, Mr. Richard Okyere-Fosu expressed how important this exercise is, not only to the Agency and the government, but also to all players and consumers in the ICT sector.

He said, “NITA has existed for 15 years without these key legislative instruments (LIs) which are considered essential operational tools needed for NITA to function fully and effectively”.

“We want to hear the voices, we want to consult with them and get their opinion on what we are trying to do with the LI, and as you said Ghana is a country of laws, NITA was established by a law, the NITA Act, act 771 and in fact, electronic transaction act is also one of our underlying acts, act 772, these were the primary acts and typically by law after you bring the primary legislation you must come up with the secondary legislation to help you with your operations,” Mr. Okyere.

“If someone is sitting in their bedroom, using online and ordering goods or services from China, Amazon, Alibaba or whatever and he is selling it, there is no recourse for it if something goes wrong with the product. So, we must know whoever is in the system, who is doing something with ICT so that at least we know the ecosystem, be able to quantify those who are in the different sectors and be able to provide these sorts of information to GRA as and when they need it” he stressed.

Source: 3FM

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Ghana Reports First Oil Output Increase in Five Years With Production Rising By 10.7%

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Ghana has recorded a 10.7% increase in crude oil production in the first half of 2024, marking a reversal in a five-year trend of declining output, according to a report by Ghana’s Public Interest and Accountability Committee (PIAC).

The growth was largely driven by the Jubilee South East (JSE) project, managed by Tullow Oil, which began production in late 2023. This addition to Ghana’s Jubilee oil field helped boost production to 24.86 million barrels by June 2024, compared to a 13.2% decline over the same period in 2023.

PIAC’s half-year report also highlighted a significant rise in petroleum revenue, which surged by 56% year-on-year to $840.8 million by mid-2024. Ghana, a country that began oil production in 2010, depends on petroleum revenue for around 7% of government income. The report further noted a 7.5% increase in gas output, reaching 139.86 million standard cubic feet by June.

Despite the positive trend, Isaac Dwamena, coordinator of PIAC, cautioned that Ghana’s petroleum sector faces both technical and financial challenges. Ghanaian law requires oil companies to allocate at least 12% of project shares to the state, a mandate Dwamena noted can deter investment due to the high cost. “The state can take 15%, 20% carried interest based on negotiations, and that has been a disincentive,” he explained.

To further drive production, Ghana is planning to sell more exploration rights, aiming to harness its fossil fuel resources while also generating funds to support its energy transition. Major oil companies operating in the country include Eni, Tullow Oil, Kosmos Energy, and PetroSA.

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President urges universities to strengthen ties with industries

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President Nana Addo Dankwa Akufo-Addo has called on universities in Ghana to strengthen ties with government, industries, and the communities they serve to ensure that researches are aligned with the needs of society.

That would contribute directly to the realisation of national development goals, he said.

The President made the call at Nyankpala during a ceremony to inaugurate a three-storey multi-purpose building for the University of Development Studies (UDS).

The building fulfills the President’s promise to the UDS during its 25 Anniversary celebrations.

It is named the “Silver Jubilee Building” in remembrance of the President.

The facility boasts of offices, conference halls, lecture theaters, and houses some faculties of the university.

President Akufo-Addo said universities were “breeding grounds” for ideas, researches and innovations that drove the nation’s progress and should remain actively engaged in the development process.

He said government believed in educating the population as the bedrock of a thriving democracy, a vibrant economy and a just society.

The President, thus, outlined some policies implemented aimed at improving access to education at all levels, which included the “no guarantor policy”.

He said the policy had improved access to tertiary education as it had eliminated financial barriers that historically prevented brilliant students from pursuing higher education.

The “no guarantor policy” for student loans increased the numbers of students seeking tertiary education from 443,978 in the 2016-2017 academic year to 711,695 in the 2020-2023 academic year, an increase of 60.3 per cent.

President Akufo-Addo said his government had extended considerable energy and resources to the education sector, recognising it as the most powerful tool to transforming the nation.

He said: “The considerable budgetary allocations within the period totaling some GH¢12.8 billion, amply demonstrates the shared determination of the Akufo-Addo government to ensure that education becomes a catalyst around which the transformation of our nation revolves.”

Source: GNA

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We’ve learnt our lessons; we won’t borrow to finance 2024/2025 crop season

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The Ghana Cocoa Board (COCOBOD) has announced that it will transition to self-financing for the 2024/2025 cocoa crop season, starting in September 2024.

For the past 32 years, COCOBOD has relied on offshore borrowing to finance cocoa purchases through its cocoa syndication programme. However, the organization is shifting its strategy to reduce dependency on external funds.

Speaking to the media on Tuesday, August 20, COCOBOD’s CEO, Joseph Boahen Aidoo, explained that this new approach is expected to save an estimated $150 million.

“Is it good that always COCOBOD should be heard going to borrow? Are we comfortable with that tag? Today, you have heard that COCOBOD is not going to borrow. It is quite a good time for any human being to learn his or her lessons.

“In 32 years, we have learned our lessons and we think that it is high time we wean ourselves from the offshore international financial markets and then finance the crop ourselves here and that is exactly what we are going to do. And I think it comes with a lot of projectory benefits.

“We are looking for $1.5 billion this crop season and looking at the interest rates last year, which were over 8 percent, plus the cost, it means that we can save more than $150 million by the decision not to go offshore.

He also denied assertions that COCOBOD was short-changing farmers with its pricing of cocoa.

“It is not true that COCOBOD is not giving the farmers a fair price. If you follow the narrative, you will notice that from 2017 on, COCOBOD has even been more than fair.

“The government had been more than fair to farmers because this was a time when prices had collapsed but the government and COCOBOD did not reduce the farmers’ price.”

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