General News
Private Sector Must Be Recognised as a Partner, Not a Competitor – Alex Dadey Advocates at UG ALUMNI LECTURE 2025
Delivering the 2025 University of Ghana Alumni Lecture at the Great Hall emphasized on “Public-Private Partnership – A Case Study of Responsible Corporate Citizenship,” the Executive Chairman of the KGL Group Mr. Alex Apau Dadey has called for a national shift in perception and policy to position Ghana’s private sector as a strategic partner in nation-building rather than a competitor to government.
Mr. Dadey urged government, policymakers, and industry leaders to embrace a renewed spirit of collaboration, anchored on trust, shared value, and national ownership. He said, “Governments do not create wealth – the private sector does. The government may set the rules of the game, but it is the private sector that plays it, with innovation, capital, and resilience,” he stated. “The time has come for Ghana to move beyond seeing the private sector as a rival, and instead recognise it as a vital ally in national development.”
Tracing Ghana’s economic history, Mr. Dadey cited the collapse of once-thriving enterprises such as Siaw Industries, GNTC, and Neoplan Ghana as reminders of the country’s failure to protect and grow its indigenous businesses. He contrasted these with successful global examples like Tata Motors and Shoprite, which flourished through deliberate state support and policy alignment.
He underscored that the solution lies in Public-Private Partnerships (PPPs) underpinned by Responsible Corporate Citizenship, where business success translates into shared social and economic value. He emphasized that responsible businesses must aspire to become transgenerational — built on integrity, honesty, and trust, capable of outliving their founders and future generations. Mr. Dadey stressed that effective PPPs can bridge Ghana’s innovation and infrastructure gaps when built on clarity of vision, fair risk-sharing, and good governance.
“You see in every thriving economy, there comes a point where the government can no longer do it alone. The private sector must not only be involved — it must lead, but it cannot do so in isolation,” he emphasized. Calling for a renewed national mindset, the executive chairman asserted that Ghana’s economic independence will not come from aid, but from ownership — ownership of resources, industries, and ideas driven by Ghanaians for Ghanaians.
He also spotlighted the critical role of the Ghanaian diaspora, that no country has developed or sustained progress without the engagement and commitment of its most valuable human resource — its diaspora further advocating for a shift from Foreign Direct Investment (FDI) to Diaspora Direct Investment (DDI), where global Ghanaians invest their capital, knowledge, and expertise back into the nation’s development.
Beyond developmental economics, he reinforced the importance of Environmental, Social, and Governance (ESG) principles in shaping responsible businesses and national sustainability. He cited the KGL Foundation’s targeted initiatives in youth empowerment, education, health, arts and culture, and sports as practical demonstrations of responsible corporate citizenship. The Foundation has touched thousands of lives awarding over 300 scholarships to brilliant but needy students at all levels. In sports development, KGL Foundation has been instrumental in the revival and sponsorship of Ghana’s U-17 Colts Football Programme and sponsorship of the black stars for four consecutive years, Furthermore, through its mental health advocacy and intervention programmes, KGL Foundation has partnered with health institutions and NGOs to extend support to the vulnerable and break the stigma surrounding mental illness.
In conclusion, Mr. Dadey called on all sectors — public, private, and the diaspora — to join hands in redefining Ghana’s development narrative. “The government cannot do it alone. Businesses cannot do it alone. Academia cannot do it alone. Communities cannot do it alone. However, together – when we bring our ideas, our resources, our knowledge, and our will – we can ignite transformation that will echo for generations. The time for convenience is past. This is the hour for conviction and partnership”.
General News
MINISTER FOR YOUTH DEVELOPMENT AND EMPOWERMENT INAUGURATES GRANT MANAGEMENT COMMITTEE FOR THE ADWUMAWURA PROGRAMME
Earlier today, the Grant Management Committee of the Adwumawura Programme was officially inaugurated by the Minister for Youth Development and Empowerment.
The inauguration marked a critical stage in the implementation of the Adwumawura Programme, because it symbolizes an essential step in our collective effort to ensure transparency, accountability, and equity in the management of public resources entrusted to the National Entrepreneurship and Innovation Programme under The Adwumawura Programme.
The membership of the committee was drawn from Industry Players, Academia, Financial Institutions, Development Partners and Government Agencies.
1. University of Ghana Business School Innovation Center
2. Ministry of Youth Development and Empowerment
3. Ministry of Finance
4. ABSA Bank
5. Venture Capital Trust Fund
6. British Council
7. Private Sector (C.E.O of Akosombo Catering)
8. National Youth Authority
9. National Entrepreneurship and Innovation Programme
10. Ghana Youth Federation
11. MASLOC
In his remarks, the Minister for Youth Development and Empowerment reaffirmed government’s commitment to youth empowerment, job creation, and sustainable entrepreneurship. He emphasized that the Adwumawura Programme is not just about funding, but about building resilient businesses that can drive inclusive national development. He charged them to uphold the highest standards of professionalism, fairness, and diligence in the discharge of their duties.

The C.E.O of NEIP highlighted the need for the Grant Management Committee to be intentional about inclusiveness, equity, impactfulness, and innovation in the selection of at least 2, 000 viable businesses.
On his part, the Board Chairman assured the committee of their full support and urged them to execute their mandate dispassionately, transparently, in a non-partisan manner that will engender trust and confidence in the selection process.

Prof. George Acheampong from the University of Ghana Business School speaking on behalf of the committee thanked the Minister and NEIP for the opportunity to serve. He, on behalf of the committee members, assured the Minister and the Board of NEIP of their readiness and commitment to discharge their mandate diligently, fairly, transparently, and with utmost integrity.
General News
Chinese Ambassador bids farewell to President Mahama
President John Dramani Mahama today granted an audience to the outgoing Chinese Ambassador to Ghana, His Excellency Tong Defa. The president lauded Mr Tong for strengthening the existing relations between Ghana and China during his tenure.
“You haven’t just been an ambassador or diplomat, you have been a friend, and I’m sad to see you go. Of course, our relations with China are excellent,” the President remarked.
Mr Mahama also thanked Chinese President Xi Jinping for his country’s involvement in negotiating Ghana’s debt restructuring and for providing significant support for Ghana’s development. He cited a $30 m grant for the Aflao Market Project and another $30m allocated for the construction of a new Science and Technology University in Damango.
“We want to see a greater cooperation with China in terms of logistics, in terms of training to move on anti-terrorism, in terms of building surveillance of our borders to make sure that we don’t have any infiltration of these areas”, he added.
President Mahama suggested a payment and settlement system between the two countries.

Ambassador Tong congratulated President Mahama on the successes chalked up in the first year of his tenure, especially in turning the fortunes of Ghana’s economy. He called for strengthening cooperation between the two countries in industry, trade, mining, and science and technology.
Ambassador Tong noted that the China zero-tariff arrangement for Ghana’s exports would soon be operationalised. He appealed to President Mahama for Ghana’s support for China’s bid to host the Secretariat of the new United Nations treaty on Biodiversity Beyond National Jurisdiction.
General News
President Mahama Unveils Major Welfare, Equipment Boost for Ghana Armed Forces
President of the Republic and Commander-in-Chief of the Ghana Armed Forces, H.E. John Dramani Mahama, has announced a wide-ranging package of welfare improvements and major equipment acquisitions aimed at strengthening the operational capacity and morale of the Ghana Armed Forces.
The President made the announcement while addressing officers, soldiers, defence civilian staff, and invited guests at the West African Soldiers’ Social Activity (WASA), describing the measures as part of government’s commitment to building a modern, well-resourced military.
“The strength of any armed force lies in the professionalism, welfare, and motivation of its personnel,” President Mahama said. “As President and Commander-in-Chief, I remain firmly committed to ensuring that the Ghana Armed Forces are adequately resourced, well trained, and properly equipped to meet both current and future challenges.”
Major Equipment and Infrastructure Upgrades
President Mahama disclosed that government has begun a comprehensive retooling of all three services of the Armed Forces to enhance mobility, surveillance, and rapid response capabilities.
“As part of our modernisation drive, government is retooling all three services of the Armed Forces,” he stated.
He announced that a fleet of pick-up trucks, buses, and Land Cruisers has already been commissioned to improve operational efficiency, noting that this represents only the first phase of planned vehicle acquisitions.
According to the President, government is also moving ahead with plans to procure armoured personnel carriers, strategic drones, and advanced communication systems, as well as to establish Ghana’s first state-of-the-art Cyber and Electronic Warfare Centre at the Tamale Air Force Base.
“This centre will be responsible for maintaining surveillance of our borders and will also have the capacity to respond decisively in the event that our country comes under attack,” President Mahama explained.
Further equipment upgrades will include the acquisition of offshore patrol vessels for the Ghana Navy, four new Eurocopter helicopters for the Ghana Air Force, and a new executive jet to support executive travel and critical military logistics.
Forward Operating Bases and New Military Units
President Mahama also announced progress on the construction of Forward Operating Bases across the country, particularly in strategic areas.
“Two Forward Operating Bases in the northern part of the country are ready for commissioning, and adequate funding has been allocated in this year’s budget to complete four more before the end of the year,” he said.
He added that government has taken a strategic decision to establish two new military units in the Oti and Central Regions, in response to emerging security dynamics and the need to strengthen the national response framework.
Welfare Boost for Personnel
On welfare, President Mahama announced the implementation of a new salary structure for the Ghana Armed Forces, which will take effect in March, with arrears for January and February to be paid in the same month.
“I bring tidings of great joy,” he told the gathering. “Your new salary structure will start in March, and the arrears for January and February will also be paid in March.”
He also expressed support for the establishment of a Mutual Health Fund for service personnel and their families, announcing that seed funding for the initiative will be provided by the National Security Secretariat.
“The welfare of our personnel remains a top priority, and initiatives that improve healthcare access and financial security deserve our full support,” the President said.
Housing and Personnel Expansion
Addressing accommodation challenges within the Armed Forces, President Mahama acknowledged a housing deficit of about 14,000 units and welcomed a partnership between the Defence Industries Holding Company and FT Global to deliver 10,000 housing units over the next five years.
“Improving the living conditions of our officers and soldiers is essential to morale and operational effectiveness,” he noted.
He further announced that the ongoing recruitment exercise aims to increase the strength of the Ghana Armed Forces by 12,000 personnel over the next four years, to ensure sustainability and enhanced operational capacity.
Commitment to National and Regional Security
President Mahama concluded by reaffirming his administration’s determination to keep the Ghana Armed Forces professional, disciplined, and well-positioned to safeguard the nation.
“As Commander-in-Chief, I remain resolute in ensuring that the Ghana Armed Forces are fully resourced and positioned to serve Ghana, our sub-region, Africa, and the rest of the world with distinction,” he said.
The WASA event brought together senior military leadership, traditional and religious leaders, and other stakeholders to celebrate the service and sacrifices of the men and women of the Ghana Armed Forces.
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