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Journalist and science writer for NewsAfrica24, the Atlantic, New Scientist, Aeon, Men’s Health, and many others. Author of The Intelligence Mafias, published by Stoughton (UK)/WW Norton (USA) and translated into six languages.

Business

We must begin interrogating bank staff over bank-related robberies – Prof. Aning

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Security analyst, Prof. Kwasi Aning, believes the time has come for financial institutions to embark on rigorous scrutiny of their staff following the increasing cases of bank-related robberies in the country.

He says routine checks must also be carried out on both company and personal electronic devices, used by the staff to assess information that might have aided such crimes if any.

The comments by Prof. Aning, who is also Director of Academic Affairs and Research Faculty at the Kofi Annan International Peacekeeping Training Centre (KAIPTC), come on the heels of recent daylight robberies in parts of the capital, including one that a group of armed men trailed a woman from the bank and robbed her at Achimota.

Contributing to discussions on crime and security on Joy FM’s Newsfile on Saturday, Prof. Aning said stringent security measures among the police and the banks must be adopted to ascertain the culpability of bank staff in case of robbery attacks on persons who may have transacted business at the bank.

“This lady who withdrew money from the bank, how did criminals know that he had money on her? Are we picking up people within that particular bank, checking their laptops and phone records, or if there is a compromise of such sensitive information to the client.”

“Some really critical questions need to be asked to assure us or those who use the banking facilities that the backgrounds of bank staff are checked, secured, and they are routinely also checked again because [this kind of crimes] raises serious fundamental questions because of the gang-style manner in which this operation was carried”, Prof. Aning emphasized.

Several robbery cases have been reported in recent times, raising concerns about the safety of residents in the capital.

The Ghana Police Service as a matter of urgency has introduced urgent additional security measures in the wake of a spike in robbery incidents, especially in the national capital, Accra.

Aside from the daylight robbery incident at Achimota which led to some robbers bolting with GHS 29,000 snatched from a 33-year-old woman, while a bystander sustained gunshot wounds.

Just last Friday, two separate daylight robbery incidents were also reported in Accra.

It also advised the persons who intend to withdraw huge sums of money to “exercise caution or contact the Police for assistance for such transactions.”

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Business

Tullow Ghana appoints Cynthia Lumor as its first deputy managing director

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Tullow Ghana has announced the appointment of Mrs. Cynthia Lumor as Deputy Managing Director, effective 1st October 2021.

Mrs. Lumor is the first to be appointed as Deputy Managing Director of Tullow Ghana since it began operations in 2006.


Commenting on her appointment, Chief Executive Officer of Tullow, Rahul Dhir said: “I am delighted that Cynthia has been appointed to this important role. Since Wissam assumed office last year, Cynthia has been instrumental in managing our key government and external relationships in Ghana and her promotion reflects her important role in delivering Tullow’s strategy in Ghana.”


Prior to her appointment as Deputy Managing Director, Mrs. Cynthia Lumor served on the leadership team of Tullow Ghana and was Director for Corporate Affairs with responsibility for External Affairs and Social Performance, and oversight of Human Resources, Information Systems and Facilities Management.

She joined Tullow Ghana in 2017 from Scancom Ltd (MTN Ghana) where she was Corporate Services Executive.
Mrs. Lumor has several years of experience in the Oil and Gas industry, having previously worked for the Ghana National Petroleum Corporation as Principal Legal Officer.


As Deputy Managing Director, Mrs. Lumor will be responsible for the integration of the non-technical functions within the Ghana business and will continue to support MD Wissam Al Monthiry in driving Tullow’s plans to invest over $4 billion in Ghana over the next 10 years.

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Business

Explain benefits of insurance to Ghanaians – NIC to Insurance Companies

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Director of Supervision at the National Insurance Commission (NIC), Mr Seth Eshun, has called on stakeholders in the insurance industry to make it a priority to explain to the general public the benefits of insurance.

He said it is through constant public education and sensitization that will enable the public appreciate the benefits of insurance.

Mr Eshun was speaking during H.Insured – A streetwise thought leadership platform to demystify insurance, organised by Hollard Insurance on Thursday September 9 in Accra.

The topic for this discussion was “Media and Insurance – Making insurance a Ghanaian lifestyle. There is a lot of work for us as stakeholders to do to demonstrate to the people the importance of insurance.

“Those that don’t have money they need the insurance the most. All of us have work to do demonstrate the benefit of insurance that is why the education is important.”

He further noted that although the insurance industry of Ghana’s economy has seen improvement over the years, a lot of work has to be done to improve upon the image of the industry.

Mr Eshun explained that the complaints unit within the NIC has over the years received several disturbing reports from customers of insurance companies.

These complaints, although have been worked upon, he said, there still more work to be done to deal with the issues.

Asked how the industry is performing, he stated that “If you look at the past five years the industry grows averagely about 25 per cent every year which is very good and is encouraging because we don’t see such consistent growth in any sector in Ghana.

“But you look at our total asset base, around 8billion and you compare that to the banks which is about, give or tale, 150 billion. So our asset base is about five percent of that of the banks. Even though we are growing there is still a lot of catching up.

“We have a department that handles complaint from the public about issues they have in the insurance industry.

“Traditionally most of the complaints to do with motor but now it is changing a bit. Traditionally, it was motor because we were paying premiums about 70 cedis for third party.”

He added “About four years ago, we increased this to about 327 cedis and so the insurance industry had a better capacity to pay claims and so you see that because of a better capacity to pay claims the image of the insurance industry is improving but it has come from a very bad stage.

“There is a bit more that needs to be done. If you look at what we worry about also is the issues that happened with the banks in which some banks went down.

“Two companies were affected in the insurance industry. So there is work for all of us to do to ensure that those bad events do not spoil the state of the industry.

“So the short answer to this is that there has been a lot of growth but there are still issues about image that we need to address.”

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