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Register with Data Protection Agencies to protect customers…Glydetek Group CEO tells Financial Institutions
The Chief Executive Officer of the Glydetek Group Limited, an institution that provides banking services to financial institutions, Mr Justice Adade has called on financial institutions, especially cooperative unions to register with Data Protection Agencies in the country to protect their customers’ confidential information to prevent fraudsters from attacking them.
According to him, even though technology was necessary to advance the work of financial institutions, it was important that they become aware of the many fraudsters who have emerged and using all means to defraud customers in the country and around the world.
“It is good for the financial institutions to embrace technology or digitization to enhance their work in this era of technological advancement, but it is also necessary they adopt all means to protect customer data to prevent these fraudsters from reaching them,” he said.
Mr Adade was speaking at the 2022 Annual glGeneral Meeting of the Cocoa Research Co-operative Credit Union (CRCCU) Limited held over the weekend on the theme: “Digital, Technology for Financial Institutions.”
The meeting which brought together members of the Cooperative Union, was purposed to enable the board to give an account of their activities, over the period under review to members and assess challenges, achievements and way for forward.
Mr Adade noted that even though technology came with it challenges such as encountering fraudsters, it would be expedient that co-operative unions join the digitization agenda by embracing technology to enhance their work.
He said banks in the country have currently embraced technology as well as other financial institutions, adding that the cooperatives should not allow themselves to be left out.
“Rather do everything possible to protect your customers’ data and educate them on ensuring that they do not share confidential information with people outside the bank,” he reiterated.
He expressed worry over some customers who still preferred the traditional way of banking where they preferred to use the banking halls, indicating that technology has brought about mobile banking services that they could embrace to cut cost of money, time, and transportation in transacting business with the banks.
He said benefits including convenience, safety for customers as well as wider outreach, liquidity growth and increase in liquid margins for the banks would be achieved and added that it would make life easier for both customers and the banks.
For his part, the Chairman for the CRCCU, Mr George Akumfi Ameyaw stated that the cooperative has intended to go digital to enjoy the benefits that come with digitization and hence have started mobile banking services which was being offered to customers who cannot patronize the banking hall or would want to do transactions at the comfort of their homes.
He congratulated the board and members for their cooperation over the year under review and revealed that membership has grown to 3,014 members in 2022 from 2,211 members in 2021, indicating a growth of about 36 percent and revealed total assets of the co-operative has increased to GH26 million as at December 2022 from GH21 million in 2021.
From Ama Tekyiwaa Ampadu Agyeman, Tafo
Ghana Tourism Authority is leading Ghana’s participation at ITB Berlin, which opened in Berlin with a vibrant national pavilion highlighting Ghana’s rich cultural heritage, tourism destinations and investment opportunities.
March 5 has been designated as Ghana Day, a special platform to promote Ghana’s languages, cuisine, Kente, festivals and business prospects to the global tourism community. The stand has already drawn strong interest with traditional arts and crafts displays, immersive multimedia presentations and popular Ghanaian snacks.
Seven private-sector players are exhibiting alongside government officials as part of efforts to deepen trade partnerships, expand market access, and attract investment across the hospitality, heritage tourism, ecotourism, and creative arts sectors.
Ahead of the official opening, the Ghana delegation also engaged young Ghanaian investors in Germany in collaboration with V Afrika-Verein and the Ghana Embassy, strengthening diaspora investment linkages and highlighting opportunities within the tourism value chain.
Ghana’s coordinated presence at ITB Berlin 2026 reinforces its strategy to position the country as the Gateway to Africa and a competitive destination for leisure travel and global investment.
The Member of Parliament for Nsawam Adoagyiri, Frank Annoh Dompreh, has expressed concern over delays in the release of the District Assemblies Common Fund, warning that the situation is stalling development across the country.
On his facebook page, he described as a matter of urgent national importance, the Minority Chief Whip pointed to what he sees as a growing crisis of unpaid contractors, abandoned projects, and halted infrastructure works in many districts.
He noted that several communities are grappling with half completed schools, unfinished health facilities, abandoned markets, deteriorating roads, and stalled sanitation projects.
According to him, many contractors who have executed projects for district assemblies have not been paid, forcing some construction firms to demobilise from sites while workers lose their jobs.
He stressed that the District Assemblies Common Fund is not a discretionary allocation but a constitutional requirement under Article 252 of the 1992 Constitution, intended to support development at the local level.
In his view, years of delayed releases and accumulated arrears have weakened district development financing and disrupted projects meant to improve living conditions in communities.
He further argued that some payments made in recent years were largely the settlement of old debts rather than funding for new or ongoing projects, a situation he believes has affected contractor confidence and local economic activity.
He described the issue as more than a budgetary challenge, characterising it as a development emergency and a governance concern.
He therefore urged the appropriate authorities to pay outstanding DACF arrears, settle contractors who have completed their work, and ensure that transfers to districts are automatic and predictable.
He maintained that decentralisation can only succeed when district assemblies receive adequate and timely funding to carry out development projects.
He emphasised that stalled projects directly affect ordinary citizens, since they rely on such infrastructure for education, healthcare, transportation, sanitation, and economic activities.
He called for renewed attention to grassroots development, insisting that national progress should not be concentrated only in major cities but extended to all communities.
By: Jacob Aggrey
