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Barclays Bank Ghana Officially Becomes Absa Bank Ghana.

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ACCRA, GHANA, FEbruary 10, 2020/www.gbafrica.net/ Barclays Bank Ghana Limited, on Monday, February 10, 2020, officially commenced operations as Absa Bank Ghana Limited, a subsidiary of Absa Group Limited, after receiving all required regulatory approvals from the Bank of Ghana.

The name change marks the start of a new era for the bank’s operations as a forward-looking African bank with global reach.

“Today, we begin a new chapter as Absa Bank Ghana Limited, while we retain our 100-year heritage of indelible commitment to Ghana’s economic growth. Our new brand demonstrates our commitment to building a bank that is centred on growth for our people through the provision of financial resources, services and opportunities that connect their dreams to possibilities,” said Mrs. Abena Osei-Poku, Managing Director of Absa Bank Ghana Limited.

The bank, which has been the most profitable in the industry for the past three years, is a major financier and contributor to key sectors of the Ghanaian economy, including agriculture, education, health, industry and infrastructure among others. Under the Absa brand, the bank has reiterated its commitment to remain a significant player in the financial services sector and the country’s economic development.

“As one of Africa’s top three largest banks, backed by a large capital base and balance sheet, we will continue to play a leading role in Ghana’s development agenda while we remain focused on serving Ghanaians with quality groundbreaking financial services and safe investments for their hard-earned money. Our destiny is tied to that of our country and our commitment to Ghana is absolute,” said Mrs. Osei-Poku.

The change to Absa will not cause any change in customers account details and the bank’s branches will continue to operate as usual. Barclays branded cards will continue to work as normal until their date of expiry. Customers can also continue to use their Barclays chequebooks until 10 August 2020, after which only cheques drawn on an Absa chequebook will be accepted.

“When we started this journey over 3 years ago, we took time to seek insights from our clients and stakeholders. We took to heart what they told us and set out to build a bank that partners them in innovative ways to bring meaning to their lives. Ghanaians can look forward to stronger partnerships that drive sustainable growth and a brighter future for all,” Mrs. Osei-Poku reiterated.

Source: Ghana Web

Business

The BHIMShop Is Up And Running

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GREATER ACCRA, GHANA, Monday February 24, 2020/www.gbafrica.net/ – Born Livingstone Etse Satekla may be the King of Reggae/Ragga & Dancehall, but Stonebwoy is obviously the King of merch. On Sunday, February 23 he officially launched the much anticipated collection dubbed “BHIM Merchandise” shop featuring a variety of goods and apparel emblazoned with photos of his past and present, and iconic new phrases such as “1 GAD”, including “Stonebwoy” signature.

There’s even a GH₵ 50.0 Lapel Pin (a highly rated and suitable for your clothing accessories) and GH₵ 20.0 Scarves, so you can wrap yourself up in a Stone-branded halo, a GH₵ 50.0 Cap to compliment your drip, a GH₵ 30.0 Draw-string bags available for Lectures, a GH₵ 150.0 Bhim slides to make you comfy at the beach, home and wherever you deem fit, GH₵ 100 Signature T-shirts. The shop also has a Bhim Premium Polo Shirts available at a cool price of GH₵ 150.0.

Turn heads in glamorous Bhim Cloth print with specially selected colours of significant meanings. The Bhim Cloth is here to simplify your quest to your ideal African print styles. To keep your beverages cold all day in a double-wall vacuum insulated bottle without a cooler or hot without a microwave, grab your Bhim Bottle at a price of GH₵ 30.0. There is also a GH₵ 15.0 air fresheners that mask and remove unpleasant odours and typically deliver fragrance and other odour counteractants into your atmosphere.

Having a PopSocket at price of GH₵ 15.0 on your phone gives you a much better grip so holding your phone is much easier and it makes taking selfies effortless without worry about dropping the device. And PopSockets can work as a kickstand to prop your smartphone or tablet so it can stand upright while watching videos or playing games. But the most desirable item of the bunch is a unisex track-suit and Bhim Magic Mugs.

The “Bhim” Merchandise (the official apparel or goods produced by Burniton Music Group, BMG), will represent the brand and also leave something significant and authentic to his numerous fans who can’t really get a direct access to him. The launch was staged in Ashaiman, at the already established outlet, thus, the Lena Pharmacy building which is opposite the Engen Fueling Station few meters away from the famous Sakasaka Park where the Ashaiman To The World Concert is held.

One significant thing about the shop is the state of the art interior decoration. The mood lights installed in the shop enhances the appearances of the already good looking merch. The collection went online late 2019, and at various outlets coupled with door-to-door delivery services, a few month earlier than expected. Proceeds from the shop will be used to fund The Livingstone Foundation (TLF), a non-governmental charity organization that caters for the less priviledged in the society.

See exclusive photos below;

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Sustainable Developers See A Marketing Opportunity In IFC’s EDGE

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GREATER ACCRA, GHANA, Sunday February 23, 2020/www.gbafrica.net/ – Ghanaian architects and developers are seeing the benefits of IFC’s EDGE green building certification as recognition for their projects. Available in over 160 countries, EDGE is gaining popularity around the world, with more than nine million square meters now certified.

EDGE provides architects and developers with a free, interactive application that helps them determine the most cost-effective ways to design green within their local climate context.

Each design and building element, from the type of flooring to the cooling system, has an impact on resource intensity. The EDGE software helps determine the savings in energy, water and embodied energy in materials for a project, as well as the cost-effectiveness of design choices.

Buildings that reach the EDGE standard of 20 percent savings are eligible for certification. Verification at the design and post-construction stages are required. In Ghana, certification services are provided exclusively by thinkstep-SGS.

To date in Ghana, there are several high-calibre building projects that have achieved EDGE certification, including Atlantic Tower at the Airport City enclave, the workshop and administrative offices of Terminal 3 at Tema Port, and the Takoradi Mall. The upcoming 363-key Pullman Hotel, which is going to be the largest in the country when completed in 2021, is also aiming to achieve EDGE certification.

More developers are following the lead of early adopters. Aside from being a modern and practical choice to improve comfort for occupants and reduce utility costs over time, EDGE also provides developers a way to distinguish themselves in a crowded market.

Last month, December 4, at the EDGE-certified Atlantic Tower in Airport Square, IFC brought together stakeholders from the real estate sector to learn from those who have certified their projects with EDGE. The event also provided an opportunity for developers and building owners to showcase their certified projects.

Rebecca Menes, the Global Marketing Lead for EDGE, encouraged Ghanaian developers to certify their buildings and take advantage of the marketing potential.

Ms. Menes said, “It’s important for developers to ensure that they don’t just build green, but that they also get credit for their achievements by certifying their properties. In this way, they will be able to best leverage visibility for their exceptional projects and enhance their sustainable brands.”

Dennis Papa Odenyi Quansah, IFC’s Green Building Lead for Ghana, shared the good news that the global commitment to EDGE is strong. EDGE has been supported by the State Secretariat for Economic Affairs (SECO) of Switzerland, and most recently the United Kingdom (UK) Government has entered into a partnership with IFC to support EDGE.

Further information on EDGE is available at www.edgebuildings.com.

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GOIL Reduces Fuel Prices

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ACCRA, GHANA, February 23rd, 2020/www.gbafrica.net/ The Ghana Oil Company Limited (GOIL) has reduced the cost of its fuel products.

The reduction which took effect on February 22, 2020 is now selling its new SupeXP RON 95 at ¢5.40 per litre while Diesel is being sold at ¢5.41 per litre.

According to the indigenous company, the revision in prices is as a result of the reductions in international prices of finished products and the appreciation of the cedi against major currencies especially the US Dollar.

A statement sighned by Public Relations Manager of GOIL, Robert Kyere, read, “The reduction comes on the back of the recent introduction of higher grade Super XP (RON 95) onto the market at no extra cost to customers. GOIL wishes to thank consumers for their immense support and patronage of the company’s products and services.”

See the statement below

Source: Ghana Web

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Buhari Explains Why Nigeria Shut Its Borders.

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LAGOS, NIGERIA, February 22nd, 2020/www.gbafrica.net/ President Muhammadu Buhari Friday in Abuja said the resolution of the partial closure of Nigeria’s land border to goods from neighbouring countries will be determined by a report of tripartite committee made up of Nigeria, Benin and Niger Republic.

President Buhari, who received President Roch Marc Christian Kabore of Burkina Faso at the Presidential Villa, said Nigeria’s decision to partially close the border was purely to safeguard national security.

The President of Burkina Faso is the Chairman of the ECOWAS Committee mandated to resolve the issue of border closure.

“Our major problem is security — the inflow of weapons, ammunition and drugs. We have witnessed a decline in banditry using such weapons since the partial closure of the border. Also, our farmers are now able to sell their rice since we stopped the inflow of foreign rice, usually dumped in the country,’’ he said.

President Buhari said Nigeria was very much mindful of the concerns of neighbouring countries on the issue, assuring that his administration will find an early and enduring solution.

“I will work as fast as I can as soon as I receive the report,’’ the President added.

Earlier, the President of Burkina Faso told President Buhari that he came on the visit, following the mandate of ECOWAS to resolve the issues that culminated in the partial closure of the border, adding that some of the challenges had been discussed, and agreed on, urging the Nigerian leader to reconsider the position of the country.

Source: Ghana Web

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