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June 26, 2026
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Father’s Day: UMB marks occasion with courtesy call on Mahama
Money
Opportunity
Growth
Key Points
- Universal Merchant Bank (UMB) paid a courtesy call on President John Dramani Mahama to celebrate Father's Day, reaffirming values of fatherhood and leadership.
- UMB's Managing Director, Dr. Philip Oti-Mensah, presented the President with a commemorative artwork.
- President Mahama commended UMB for its significant progress and contributions to Ghana's financial services sector.
- UMB is implementing a transformation agenda focused on digital solutions, enhanced customer experience, and operational excellence.
- The bank's initiatives have led to improved financial performance, growing customer confidence, and strategic partnerships, supporting Ghana's economic growth.
Why This Matters
This article is significant for Ghana as it showcases the President's recognition of a local financial institution's efforts to strengthen the banking sector. UMB's transformation agenda, focusing on digital innovation and customer service, contributes to a more resilient and modern financial landscape, which is vital for the country's economic stability and development.
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June 26, 2026
High Commissioner urges Ghana to look beyond the west for economic solutions
- Ghana's High Commissioner to Malaysia urged Ghana to reduce reliance on Western economic models and instead learn from Asia's, particularly Malaysia's, long-term vision and policy consistency.
- A high-level delegation of Ghanaian financial regulators is undertaking a study tour in Malaysia to understand its globally acclaimed non-interest banking and finance ecosystem.
- Ghana is preparing to introduce non-interest banking, Sukuk bonds, and Takaful insurance as part of a broader financial sector transformation.
- The country is signaling its readiness to attract both local and international investment into its emerging non-interest finance sector, with the framework for Sukuk bonds reportedly complete.
- Malaysia's four-decade success in integrating non-interest finance into its dual-banking system is seen as a model for Ghana to mobilize capital for infrastructure and strategic national projects.
June 26, 2026
Sentuo Oil Refinery expansion will reduce fuel imports when completed – John Jinapor
- The Sentuo Oil Refinery is undergoing a Phase II expansion, increasing its capacity from 40,000 to 100,000 barrels per day.
- This expansion aims to significantly reduce Ghana's reliance on imported finished petroleum products.
- The project is expected to create jobs, enhance energy security, boost local value addition, and accelerate industrialization.
- When Sentuo and Tema Oil Refinery operate at full capacity, Ghana anticipates eliminating finished product imports and supplying the sub-region.
- The government reaffirms its commitment to creating an enabling investment environment and implementing policies to strengthen the petroleum sector.
June 26, 2026
Calgary University professor leads experts at a free virtual data science and AI conference
- An international virtual conference on AI, data science, and analytics, led by Ghanaian Professor Andy Asare from Calgary University, is scheduled for June 27, 2026.
- The free event aims to bridge theoretical knowledge with real-world impact, focusing on driving global impact through inclusive AI and data science pathways.
- A major focus will be on how emerging technologies can revolutionize sectors in developing nations, particularly Africa, amidst its digital transformation strides.
- The conference is timely for Ghana, following its recent launch of a $250 million National Artificial Intelligence Strategy aimed at economic growth.
- Professor Asare, a Ghanaian academic, has a strong track record of leading capacity-building initiatives and curriculum development in data science and AI across Ghanaian and other African universities.