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IIA, Tullow join forces to deliver financial readiness programme for suppliers
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Invest in Africa (IIA), a not-for-profit organisation focused on growing local small and medium enterprises (SMEs) across sub-Saharan Africa, has been selected by Tullow Ghana Limited to implement its recently launched Financial Readiness programme.
The Financial Readiness programme is an eight-month programme, launched in August 2021, with the goal of assisting suppliers in the oil and gas industry to build financially resilient and sustainable businesses for the future.
IIA will provide selected suppliers with financial tool kits that will enhance their interactions with lending institutions and offer 150 SMEs access to various funding options, as well as insights into financial restructuring opportunities.
Alongside hosting workshops, IIA will offer more tailored, one-to-one business advisory support to Tullow Ghana’s larger suppliers. These will be delivered on the back of a successful track record of similar interventions led by IIA.
Speaking on the potential impact of the programme, IIA Ghana’s Country Director Carol Annang said: “In many ways, the pandemic has reshaped how we conduct business. Its ramifications on financing for Ghanaian SMEs may be felt many years down the line, so even though this programme has a short-term outlook, its overall contribution to these SMEs will be much longer lasting. This is something both IIA and Tullow Ghana can appreciate, given our shared commitment to strengthening local supply chains.”
Wissam Al Monthiry, Managing Director of Tullow Ghana, on his part, said “As a company, the development of local capacity for participation in the oil and gas industry remains our priority. Central to developing local participation, is the ability of our local supply chain to remain financially resilient to continue participating in delivering oil and gas services to our operations. This Financial Readinessprogramme will add to our goal of ensuring a financially stable supplier base that is globally competitive”.
Invest in Africa (IIA) is a private sector-led initiative focused on growing local businesses in Sub-Saharan Africa to deliver positive economic impacts and create jobs, benefitting all stakeholders including governments and multi-national corporations who want to use their local buying power as a force for good.
Launched in Ghana in 2012, IIA now operates in five African countries, with local offices in Ghana, Senegal, Kenya and Mauritania. IIA operates the African Partner Pool (APP), a network of SMEs to which it delivers a programme of business support designed to deliver economic growth and job creation.
To date, IIA Ghana has enabled access to $2.1m of finance, provided 3000+ SMEs with business, technical and entrepreneurship training; and supported with the creation of 39,000+ jobs.
Tullow is an independent oil and gas, exploration and production group which is quoted on the London, Irish and Ghanaian stock exchanges (symbol: TLW) and is a constituent of the FTSE250 index.
The Group has interests in over 40 exploration and production licenses across 11 countries including Ghana where it operates the Jubilee and TEN fields. In March 2021, Tullow committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030.
A Prophet and General Overseer of Jesus Prayer Ministry at Ejisu Asuasi, Kumasi, and Pig Farm, Accra, Rt. Rev. Dr Mrs Grace Frimpong-Boateng, has urged Ghanaians to pray fervently to avert any disaster that would endanger many.
“God hears prayers, and intercessory prayers will provide your family safety and protection so you can live long and enjoy life in this world,” she added.
Rt. Rev. Dr Mrs Frimpong-Boateng was speaking with The Spectator in an interview last week.
According to her, she had a revelation that there would be a tragedy that will harm many people, however, effective prayers can avert it.
She said that the Ghana Meteorological Agency (GMet) predicted another heavy downpour from Thursday to Sunday following the recent torrential rain that devastated Accra and other areas. However, strong intercessory prayers prevented the prediction, which would have been catastrophic.
She claims that whenever she shares something that God has revealed to her, she does not receive widespread support from people to join her in effective intercession.
As a result, she has urged everyone including members of parliament, cabinet ministers, traditional authorities, religious leaders, and other citizens to exercise caution and pray fervently in order to avoid premature death.
According to Rt. Rev. Dr Mrs Frimpong-Boateng the recent downpour in Accra which claimed lives and destroyed property was unusual.
“The sea was irritated because of certain rituals performed and caused it to spew forth, exposing the dirt.” There are still some rites in the sea, and they will definitely surface,” she disclosed.
“Let’s pray that God would burn and destroy the things that have contaminated the sea,” she indicated.
By Spectator
The Adentan Circuit Court has convicted a mason for stealing a four-year-old boy from Kpedze in the Volta Region and bringing him to Accra.
David Kpandoyo, 25, a Togolese national, pleaded guilty to a charge of child stealing.
The court, presided over by Mrs Angela Attachie, convicted him on his own plea and adjourned sentencing to July 14, 2026.
Kpandoyo told the court that he had gone to a drinking spot to consume alcohol when the child approached him.
He said he gave the boy some money, took him home, and could not remember what happened afterwards because he was intoxicated.
Assistant Commissioner of Police (ACP) Patience Mario, assisted by Chief Inspector Jacob Nyarko, led the prosecution.
The prosecution said the complainant, Mr Bismark Gbago, is a 52-year-old painter residing at New Legon in Accra.
The victim’s mother, Ms Patience Ablordefey Afefa, is a 25-year-old hairdresser living at Kpedze in the Volta Region with the victim, a Kindergarten One pupil.
The prosecution said Kpandoyo also resided at New Legon, where he worked as a mason.
It said the victim went missing at Kpedze on July 1, 2026, at about 18:00 hours.
On July 3, at about 6:30pm, the complainant reported to the New Legon Police that he had found the four-year-old boy wandering around the area and that the child was unable to identify his home.
The prosecution said that on July 4, at about 4 p.m., the complainant informed the Police that after announcements were made within the community, Kpandoyo came forward claiming that the boy was his son.
The complainant and Kpandoyo subsequently went to the police Station to identify the child.
However, Kpandoyo was unable to produce the child’s birth certificate or lead the Police to the child’s mother.
Later that day, the police received a flyer bearing the name and telephone numbers of the victim’s mother, together with the child’s photograph, indicating that he had gone missing from Kpedze.
The police contacted the victim’s mother and asked her to report to the New Legon Police Station with the child’s birth certificate and weighing card because another person was claiming to be the child’s parent.
On July 6, the victim’s mother and her relatives reported to the Police Station and stated that they did not know Kpandoyo.
During investigations, Kpandoyo admitted in his cautioned statement that the victim was not his child.
He further confessed that while working at Kpedze, he stole the boy and brought him to Accra. –GNA
