CWG Ghana Limited, a member of the Pan-African Information and Communications Technology Company, Computer Warehouse Group Plc (CWG) celebrated her 10th anniversary in Ghana last week.
The occasion which was well attended by dignitaries and stakeholders across the sectors of the economy was organized by CWG Ghana in order to celebrate her partners, customers, Ghanaian Government, staff members and others who have contributed to the immense growth the company experienced in her past decade of operation.
And to declare the new technologies it intends to launch in the market, as well as present Mrs. Harriet Yartey, her new country manager.
Austin Kwesi Okere, chief executive officer, CWG, who presented Mrs. Harriet Yartey the new Country Manager for CWG Ghana, a seasoned ICT professional, with stellar performance experience at the SOFTtribe, Vodafone and others, however outlined technologies that CWG Ghana has deployed and support locally, the impact on the user experience, the roadmap of new technologies it intends to launch into the market.
He expressed his appreciation to the stakeholders who have given CWG the opportunity and platform to exhibit its ICT competence that has turned around numerous businesses in the region. Kwesi, also reiterated that CWG Ghana is indeed accomplishing the purpose for which it was established, to bring leading edge technology to businesses in Ghana. Now CWG Ghana provides the technology of business for customers in Telecoms, Oil & Gas, Banking, Government, Education, Manufacturing and Services, in partnership with world-class OEMs such as Oracle, IBM, Dell, Cisco, Symantec and a host of others.
CWG’s customers in Ghana include Vodafone, MTN Ghana, GCB, e-Process (Ecobank), Ghana National Petroleum Corporation, GCNET, Calbank and Bank of Africa amongst others.
“CWG serves as a technology trusted advisor to her customers, based on her established track record of trust and integrity” he added.
Okere assured stakeholders that CWG shall remain focused on her vision to be the number one IT Utility enbler in Africa by 2015 by introducing new technologies in collaboration with world-class Original Equipment Manufacturers such as IBM, Oracle, EMC and Symantec amongst others.
He added that capacity building is vital in IT development and hence CWG will commence its highly successful IT Academy known as CWG Academy in Ghana by the first half of next year.
The CWG Academy provides the opportunity to impact fresh graduates through classroom training, hands-on and live project attachments through which many of the graduates from the Academy have gained employment with world-class companies such as MTN, Standard Chartered Bank, KPMG and CWG itself amongst others.
According to Austin, the new set of technologies will boost the business performance of companies in different verticals in this region and the economy at large as ICT is the bedrock of economic growth.
Also speaking, James Agada, chief technology officer and executive director, CWG, highlighted the dynamism in the technology space, the rapid changes it causes in the economy, and the importance of ICT organization such as CWG in proactively providing solutions and services that will meet current challenges and needs.
According to Mr Agada, CWG Ghana has grown from moving boxes largely on Sun Microsystems and Dell platform and providing after sales maintenance on intervention basis to a full-fledged Systems Integration company.
Having identified the dire gap in ICT Services, CWG has built human capacity in service delivery across various platforms like VMware, HP, IBM, Cisco, Checkpoint, Symantec, EMC, etc to provide cloud solution, Software as a Service (SaaS), and training.
He further highlighted some of the projects the company has accomplished such as Design, Deployment, implementation and support of Network security solutions, Storage, Backup solutions, structured cabling, data centre power solutions, Managed services, Oracle RAC and Tuning services and others.
These projects were provided to various sectors of the economy and it has contributed to their business growth and given the opportunity to seize competitive advantages.
Mrs Harriet Yartey, country manager for CWG Ghana, reiterated that CWG is known for trust, integrity and excellent service delivery, and hence will continue to focus on its commitment to enable businesses with leading-edge technology that will put Ghana businesses at the forefront of her contemporaries at the international level.
Among customers who shared their experiences with CWG Ghana’s services include Raymond Acromond, head, IT Department – Bank of Africa said; “I am continually impressed by the excellent service that CWG Ghana provides. The many times I have requested for support from CWG Ghana, the response has been fast and efficient. It makes a pleasant change to deal with a company that takes pride in providing first class services. Keep up the good work and thanks for all your help so far”.
Another customer, Ferdinand K. Aniwa, manager, Information Systems, Data Management and Communication, Ghana National Petroleum Corporation had this to say “CWG Ghana truly stands by its promise of Creating Enduring Value for its customers. Their reliability was 24×7. They were always available for us. Their support mechanism enabled us to reach newer heights in our Unified Storage, Deployment strategy and position the Ghana National Petroleum Corporation to pursue its goals of becoming a leading global competitor within the Oil and Gas Industry”.
“The service your company provides is top quality – from initial request for information and proposal to the execution of the project itself. You are active listeners, understanding our unique requirements, able to improvise when requested. My team has had a memorable experience always working with CWG Ghana”, affirmed Albert Ghansah, MIS, Cal Bank Ltd.
According to Patrick de Souza, Infrastructure Manager GeGov Project Office, GCNet Ltd; “CWG operates unlike the Traditional African Company where the client’s requests are beset with all manner of difficulties. CWG seeks the interests of its clients, and assists her clients to efficiently design its infrastructure. With CWG one can be assured of true service quality.”
CBN Disburses N3.5tr COVID-19 Intervention Cash
Central Bank of Nigeria (CBN) had disbursed N3.5 trillion to different sectors of the economy to cushion the effects of the Coronavirus pandemic.
It will also contribute N1.8 trillion into the N2.30 trillion Federal Government’s one-year Economic Sustainability Plan (ESP) through its Participating Financial Institutions (PFIs).
Godwin Emefiele, CBN Governor stated this on Tuesday after the Monetary Policy Committee (MPC) meeting in Abuja.
Emefiele gave a breakdown of who got what out of the N3.5 trillion COVID-19 intervention as follows: Real Sector (N216.87 billion); COVID-19 Targeted Credit Facility (N73.69 billion); Agri-Business/Small and Medium Enterprise Investment Scheme (N54.66 billion); Pharmaceutical and Health Care Support (N44.47 billion); and Creative Industry Financing (N2.93 billion).
Under the Real Sector Funds, Emefiele said: “a total of 87 projects that include 53 manufacturing, 21 agriculture and 13 service projects were funded.
He added: “In the health care sector, 41 projects which include 16 pharmaceuticals and 25 hospital and health care services were funded.”
The CBN boss also said: “Under the Targeted Credit Facility, 120,074 applicants received financial support for investment capital.
“The AGSMEIS intervention has been extended to a total of 14,638 applicants, while 250 Small and Medium Enterprises (SMEs), predominantly the youth, have benefited from the Creative Industry Financing Initiative.”
Emefiele said in addition to the initiatives, the apex bank “is set to contribute over N1.8 trillion of the total sum of N2.30 trillion needed for the one year ESP, through its various financing interventions using the PFIs.”
Banks Fingered in $2trn Dirty Money Scam
Some of the world’s top banks have been found to be complicit in aiding criminals move $2 trillion in dirty money around the world, according to leaked government files.
The exposition was done by Buzzfeed News and shared with the International Consortium of Investigative Journalists (ICIJ), a group that brings together investigative journalists from around the world, which distributed them to 108 news organisations in 88 countries.
In the revealing documents, they said: “global banks including JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank, Bank of New York Mellon, among others defied money laundering crackdowns by moving staggering sums of illicit cash for shadowy characters and criminal networks that have spread chaos and undermined democracy around the world.”
It was also revealed that they kept profiting from these powerful and dangerous players even after the United States authorities fined these financial institutions for earlier failures to stem flows of dirty money.
FinCEN is the US Financial Crimes Enforcement Network. These are the people at the US Treasury who combat financial crime. Concerns about transactions made in US dollars need to be sent to FinCEN, even if they took place outside the US.
Known as the FinCEN files, these are more than 2,600 documents which banks sent to the US authorities between 2000 and 2017 which help show that these banks raise concerns about what their clients might be doing.
They have also been regarded as some of the international banking system’s most closely guarded secrets.
Some of what has been found so far showed that JPMorgan, the largest bank based in the United States, moved money for people and companies tied to the massive looting of public funds in Malaysia, Venezuela and Ukraine, the leaked documents reveal.
The bank moved more than $1 billion for the fugitive financier behind Malaysia’s 1MDB scandal, the records show, and more than $2 million for a young energy mogul’s company that has been accused of cheating Venezuela’s government and helping cause electrical blackouts that crippled large parts of the country.
JPMorgan also processed more than $50 million in payments over a decade, the records show, for Paul Manafort, the former campaign manager for President Donald Trump. The bank shuttled at least $6.9 million in Manafort transactions in the 14 months after he resigned from the campaign amid a swirl of money laundering and corruption allegations spawning from his work with a pro-Russian political party in Ukraine.
It was also revealed that one of Russian President Vladimir Putin’s closest associates used Barclays bank in London to avoid sanctions which were meant to stop him from using financial services in the West. Some of the cash was used to buy works of art.
HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show.
Britain’s biggest bank moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014.
The United Arab Emirates’ central bank failed to act on warnings about a local firm which was helping Iran evade sanctions.
Deutsche Bank moved money launderers’ dirty money for organised crime, terrorists and drug traffickers.
Standard Chartered moved cash for Arab Bank for more than a decade after clients’ accounts at the Jordanian bank had been used in funding terrorism.
The FinCEN Files represent less than 0.02 per cent of the more than 12 million suspicious activity reports that financial institutions filed with FinCEN between 2011 and 2017.
Mr Fergus Shiel from ICIJ said the leaked files were an “insight into what banks know about the vast flows of dirty money across the globe”. He said the documents also highlighted the extraordinarily large amounts of money involved.
SEC Boosts Investor Protection with Digital Assets
The Securities and Exchange Commission (SEC) has explained that its Digital Assets and their Classification and Treatment is aimed at boosting investors’ protection in the capital market.
Emomotimi Agama, Head, Registration, Exchanges, Market Infrastructure and Innovation of the SEC speaking on the guidelines in an interview said: “The first thing the SEC bothers about is investor protection.
“This is no different from what we have been doing. We are looking at investor protection, integrity, transparency and of course we want to make sure that the market is safe and everyone is comfortable with what is going on in the investment climate”.
Agama noted that last year the Commission launched the Fintech Road map and after that was done, it went ahead to set up the block chain virtual financial assets committee.
“These committees are both market wide and principally done to engage the market, to be able to have discussions with the market and get their buy-in into what we are doing.
“What we found out today is that a lot of persons, youths are all involved in this space and it is important that even as far as that is the case, the SEC lives up to the expectations and making sure that those people that are getting into the business are protected
“Clearly, that is our aim and the market is part of this and indeed the feedback has been wonderful. People are happy with what we are doing, being able to provide some clarity as to where we stand in terms of digital assets regulation.
“Digital assets is the next thing, our idea is not to stifle innovation, but to promote innovation within a reasonable space and that is exactly what we are doing. Section 13 of the ISA empowers us to do this and so we are doing what we have been empowered to do by law,” he said.
On what internal capacities the SEC is developing to meet the challenges of this fast changing digital financial world, Agama said “the SEC is a knowledge based institution and before we come out of this kind of initiatives, we would have done so much research.
“I need to tell you that the Cambridge Centre for Alternative Finance has been partnering with the SEC and up to this point, we have been engaging with them and several of our staff have been part of their programmes.
“The World Bank and other institutions are also working with us on Fintech to see that the Nigerian landscape is not left barren but guided with basic principles, we will not leave any stone unturned, but ensure that everyone within the SEC that has the responsibility to guiding investors and the populace in making sure we have an investment environment that people will be proud of is provided.
“Capacity building is a continuous exercise, we will continue to upgrade ourselves, we will continue to learn because knowledge is for life”.
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