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Kofi Ahovi

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The Ministry of Fisheries and Aquaculture Development in collaboration with the Fisheries Commission has announced that it will observe the 2022 closed season from July to August, this year. The term "closed season” also known as “biological rest period", refers to the stopping of fishing activities during the spawning period of the stocks. Closed seasons are observed as a way of reducing fishing pressure on stocks when they are most productive in terms of allowing the fish a chance to lay their eggs to replace the lost population due to fishing and other natural causes. Globally, closed seasons are considered as one of the key fisheries management procedures to help protect fish stocks and also increase their population. A statement signed and issued by the Minister of Fisheries and Aquaculture Development, Mrs Mavis Hawa Koomson on April 12, 2022, announced July 1 to July 31, 2021 as the closed season period for artisanal and semi-industrial fishers while industrial fishers are to observe the closed season from July 1 to August 31, 2022. The Minister said the observance of the closed season was in accordance with Section 84 of the Fisheries Act, 2002 (Act 625). It must be indicated that the period of the 2022 closed season was agreed on based on scientific evidence and stakeholder consensus,” she noted. She indicated that during the closed season period, the Ministry will not supply premix fuel to any landing beach, saying “Within the one month closure, there will be no premix fuel allocation to the Coastal Landing Beach Committees.”
BusinessEconomyGeneral News

Marine fishing: Closed season starts in July to August, 2022

The Ministry of Fisheries and Aquaculture Development in collaboration with the Fisheries…

Kofi Ahovi
Kofi Ahovi
Elon Musk, twitter
Banking and FinanceBusinessEnergy NewsGeneral NewsHealthLife & Style

Tesla CEO Elon Musk offers to buy Twitter for $43 billion

Tesla CEO Elon Musk is offering to buy Twitter, saying the social…

Kofi Ahovi
Kofi Ahovi
Kwahu, Easter, NIC, MTTD
General News

Ahead of Kwahu Easter: Police, NIC impound 103 vehicles without insurance

The National Insurance Commission (NIC), in collaboration with the Motor Traffic and…

Kofi Ahovi
Kofi Ahovi
Tullow Ghana has completed its 12th Sustainable Kindergarten project at the Aboadze-Abuesi Basic School in the Shama District of the Western Region. The Aboadze-Abuesi KG block is a new two-classroom KG facility with a playground, a canteen and a washroom. The project at Aboadze-Abuesi, like the previous projects, included the training of teachers in Montessori training style. Since 2011, Tullow Ghana has embarked on the sustainable kindergarten project designed to help communities with basic education. The project is the pre-tertiary component of the Science, Technology, Engineering and Mathematics (STEM) initiative which forms part of Tullow’s larger educational support programme that spans from kindergarten through university education. Speaking at the inaugural ceremony of the facility, the Deputy Managing Director (DMD) of Tullow Ghana, Cynthia Lumor, said the construction of these kindergartens and training of teachers formed part of Tullow’s pledge to positively impact communities through educational development initiatives. Over the last 10 years we have, in line with our shared prosperity programme, focused on educational development initiatives that are intended to positively impact communities, especially the ones within our operational area. This has taken us on a journey to construct 11 other kindergartens in Western and Central regions, trained 31 KG teachers in GES approved pedagogy, equipped 12 headteachers with skills in the management of montessori system of education and graduated over 2,200 from all 12 KGs; just because we believe that a successful educational career is dependent on our children having solid foundations,” she said. STEM education She said the educational initiatives are geared towards developing interest and skills in STEM education from the kindergarten level to the tertiary level. While acknowledging the role and support of the community in the construction of the two-classroom KG facility, Lumor encouraged all in the community to “demonstrate positive maintenance culture by supporting with the fixing of little things on this facility when the need arises.” The DMD also expressed gratitude to its partner, the Sabre Education for putting up an edifice for the community. According to her, Tullow Ghana’s partnership with the Sabre Education has proven to be valuable. On his part, the Sekondi MP and the Deputy Minister for Energy, Andrew E. Mercer, commended Tullow Ghana for implementing a project that will give Ghanaian children a head-start in STEM education. This facility will not only be a place to study but to help them nurture and develop interest in STEM related careers. Ghana’s energy sector needs more engineers and technicians with requisite knowledge to contribute to its development. The minister also used the opportunity to urge other organisations to emulate Tullow’s commitment to working with the government to develop talent and capacity of the country. The Executive Director at the Sabre Education, Tony Dogbe, described the facility as Tullow’s gift to the community and thus urged the local authorities and the community to maintain the complex and keep it in good shape. The Headmistress of the school, Vida Nana Bentum expressed gratitude to Tullow Ghana and the Sabre Education, saying “The names of Tullow and Sabre will forever be indelibly imprinted in the minds of children in particular and the community as a whole for this kind gesture.
EducationEnergy NewsGeneral News

Tullow completes sustainable kindergarten projects

Tullow Ghana has completed its 12th Sustainable Kindergarten project at the Aboadze-Abuesi…

Kofi Ahovi
Kofi Ahovi
FBNBank, profit
Banking and FinanceBusinessGeneral News

FBNBank more than doubles profit before tax

FBNBank has more than doubled its profit before tax in the 2021…

Kofi Ahovi
Kofi Ahovi
ECG, NRPT, Energy
EconomyEnergy NewsGeneral News

ECG loses $400m to illegal connections – Energy Minister

Energy Minister, Dr. Matthew Opoku Prempeh, has disclosed that the Electricity Company…

Kofi Ahovi
Kofi Ahovi
GUTA, prices of goods
BusinessEconomyGeneral News

Inflation shoots up to 19.4%; highest since August 2009

Rising cost of food pushed inflation rate in the month of March…

Kofi Ahovi
Kofi Ahovi
Investments are generally motivated by the desire for profit; each investor aims to use his/her money profitably to generate significant returns. As a result, investors may decide to put their money into one or more of the available investment classes which include bonds, stocks, cash equivalents, real estate, various commodities, among other things. Bonds, stocks and cash equivalents are the three traditional investment classes. All other investment classes fall under the category of alternative investment. Each class comes with its own risks, benefits or advantages. The main advantage of investing in the three traditional classes is the lower initial investments amounts, that is, how much money you may want to begin with. For instance, investing in real estate frequently necessitates that the investor making a sizable one-time payment (as real estate properties may be quite expensive). It is however easy for investors to purchase a modest number of inexpensive shares or bonds that have a good potential for growth in a single transaction, meaning, investors can buy these assets with a smaller sum of money. Secondly, compared to some other investment classes, the three main investment classes frequently provide liquidity (ready market) for trades to be executed, whether buying or selling. There is a sure availability of bonds and stocks available to invest in on a regular basis. Typically, the well-organised and controlled markets have a very high volume of daily transactions due to the high popularity of these investment classes and safety among investors. Investors in these asset classes can swiftly recoup their investment costs by liquidating their holdings. In contrast, the owner of a piece of real estate would have to wait several months before finding a buyer if they wish to sell the property and receive their money back. There is transparency in the dealing in the traditional asset classes of investments. Information on trading activities is always available online and on demand. Investors are also at the liberty to quote their “fair” prices for trades to be executed. Investors can therefore quickly (and accurately) ascertain the market price of any asset traded in these exchanges. This makes it possible for investors to decide on investments with maximum information. In contrast, it might not always be possible to determine the precise price at which the previous transaction in a specific location was completed if we look at the real estate market. As a result, determining the precise market worth of one's real estate holdings may be challenging. Consequently, such an investor can occasionally wind up selling his piece of property for less than its market value (thereby losing potential profits). Due to the benefits mentioned above, many investors favour the three primary investment classes over the alternative investment classes when choosing where to put their money. In finding out which investment is more suitable for you follow the process: Speak to a professional: Visit an investment firm where a professional will attend to you. The Securities and Exchange Commission (SEC) website provides a list of investment firms that can attend to your needs. NIMED Capital Limited provides a good option. Risk assessment profiling: The professional, in this case the professional at NIMED Capital Ltd, is expected to take you through a risk assessment profiling. This will inform which investment asset to select for you. As stated earlier in this writeup, the various assets come with their own risks. Explanation of the investment classes: The professional will take time to explain the available investment classes to you. Normally, investors are supposed to look out for information about how the assets have performed in the immediate past, the current value and information of what the future holds (trend analysis, the intrinsic value and future projections). These steps are expected to give the investor a fair idea which investment asset to investment in. The professional is expected to make a recommendation and the investor has the right to accept or reject. Trends The trends show that the fixed income market has recorded higher trades than the stock market. Generally, investors are risk averse, and the fixed income market provides a good avenue for fixed returns for investors. Indeed, the fixed income provides steady returns over a long period of time. However, the stock market also provides an option for higher returns because of the high risks. In the last report where Young Investors Research/NIMED Capital Research Team produced a detailed information about the performance of the Financial Stock Index, we pointed out some of the areas that can be looked at. “Never invest in a business you cannot understand”, Warren Buffet once said. Whatever investment is introduced to you as an investor, ensure you understand the asset thoroughly before funds are committed to it. The Stock Pitch Competition is being organised by the Young Investors Network for tertiary education students to train them to select the right assets for investment purposes. The writer is a researcher at Young Investors Research
BusinessEconomyGeneral News

GIPC builds consensus on capital restrictions on foreign investors

The Ghana Investment Promotion Centre (GIPC) has started stakeholder engagements to review…

Kofi Ahovi
Kofi Ahovi
tax, BGC
EconomyGeneral News

Alleged GH¢21.8m tax evasion: BGC directors charged

State prosecutors have dragged a precious metal refinery and export company, BGC…

Kofi Ahovi
Kofi Ahovi

President launches international Compact to address non-communicable diseases

President Nana Addo Dankwa Akufo-Addo has launched an international Non-Communicable Diseases (NCD)…

Kofi Ahovi
Kofi Ahovi