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Taptap Send, Manhyia Palace partner to drive development through fee-free remittances

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• Otumfuo Osei Tutu II and Mr Darryl Abraham
• Otumfuo Osei Tutu II and Mr Darryl Abraham

 Taptap Send, a prominent global remittance platform, is taking bold steps to deep­en its role in community-driven development.

To this end, it has announced a strategic partnership with the Manhyia Palace, the seat of the Asantehene Otumfuo Osei Tutu II, to enable fee-free remittances in support of the Palace’s key cultural and development projects.

This was disclosed by Taptap Send’s Growth Director, Darryl Mawutor Abraham, when he paid a visit to the Manhyia Palace.

Accompanied by Otumfuo Mamesenehene, Nana Barima Osei Kwadwo II, the delegation met with the Asantehene to discuss the significance of leveraging remit­tance technology to strengthen the Kingdom’s development agenda.

“We are thrilled to partner with

 the Manhyia Palace, an institution that represents both cultural heri­tage and a forward-looking vision for development,” Mr Abraham said.

“This initiative is part of Taptap Send’s larger mission to remove barriers for diaspora com­munities who want to contribute to meaningful causes back home,” he noted.

Taptap Send has carved a niche as one of the fastest-growing money transfer platforms globally, providing low-cost, and instant re­mittances to underserved markets.

By eliminating fees for transfers to the Manhyia Palace’s projects, the company aims to maximise the impact of diaspora contribu­tions, ensuring that funds directly support initiatives such as educa­tion, infrastructure, and cultural preservation.

Moreover, Taptap Send have also launched a new special feature called ‘Charities’ where customers in the diaspora can choose curated projects to support. Heal Komfo, which is a key project of the Man­hyia Palace is one of the first and only vetted projects listed on Tap­tap Send. Taptap Send customers can directly support such projects with only a few clicks and be rest assured that all funds go directly to drive community development.

The Asantehene praised the initiative, calling it a critical step toward strengthening ties between the Asante Kingdom and its global diaspora.

“This partnership is a bridge connecting our people abroad to the development of their home­land. It is also a demonstration of how technology can enhance our ability to preserve and promote our cultural identity while building for the future,” he underlined.

For Taptap Send, the partner­ship underscores the company’s commitment to corporate social responsibility.

It also highlights the role of technology in facilitating financial inclusion and community impact. As remittance flows to sub-Saha­ran Africa remain a critical source of development funding, the ini­tiative positions of Taptap Send as both a business leader and a force for social good.

With operations spanning mul­tiple regions, Taptap Send contin­ues to gain traction by prioritising affordability and user experience.

This latest collaboration with the Manhyia Palace not only enhances its reputation but also signals a growing trend of fintech companies aligning with cultural institutions to drive meaningful change.

As global remittance flows are projected to exceed $800 billion in 2025, Taptap Send’s focus on com­munity-led initiatives is a reminder of the transformative potential of financial technology in connecting people and fostering development across borders.

On the sidelines of the part­nership announcement, the Taptap Send team further demonstrated their commitment to impactful community support by presenting a cheque of GH¢150,000 to the Komfo Anokye Hospital.

This contribution is aimed at bolstering healthcare delivery in the region, aligning with the com­pany’s mission to drive meaningful change through strategic partner­ships and community investment.

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Finance Minister to present budget today 

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All is set for the presentation of Ghana’s budget statement and economic policy by the Finance Minister,  Cassiel Ato Forson to Parliament today. 

This would be the new government’s maiden budget since ascending to the throne in January.

Ghanaians are highly optimistic that the budget would go a long way to cushion people.

They are expecting that the National Democratic Congress (NDC) government will keep it promise and remove the E-levy, Betting Tax, and COVID-19 levy among other tax cuts.

Additional,  it is expected that some measures will be introduced to stabilise the local currency and some prudent ways to ensure food security to reduce food inflation.

Ahead of that the Finance Minister has organised national economic dialogue,  engageg over 60,000 youths on X,  and market women among others to seek their views.

By Edem Mensah-Tsotorme 

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New BoG building: $230m paid to contractor, $31.8m outstanding – Dr Asiama

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The new Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has revealed that the state under the previous Nana Akufo-Addo administration has paid $230 million to the contractor working on the new BoG building project, with an outstanding balance of $31.8 million still owed to the construction firm.

He disclosed that the total cost of the project has risen to $261.8 million, with the payments to the contractor being made as recently as February this year.

“As of February this year, a total of approximately $230 million has been paid towards the project, with an outstanding balance of $31.8 million still due to the contractor,” he stated in parliament on Wednesday, March 5.

Dr Asiama also noted that an additional $48.3 million has been paid in taxes and levies associated with the construction of the building.

In addition to the main building, Dr Asiama explained that several other facilities were part of the project, including an Integrated Communication and Computing (ICC) system and Network Infrastructure, which cost $8.6 million.

Other expenditures included integrated electronic security systems at $15.8 million and furniture and furnishings, which amounted to $11.1 million.

He emphasised that these investments are aimed at ensuring the Bank of Ghana operates in a secure and technologically advanced environment, in line with the needs of a modern central bank.

In November 2024, former President Nana Akufo-Addo officially inaugurated the facility to serve as the new headquarters of BoG.

The state-of-the-art facility designed to symbolise financial strength and modernity is situated in the heart of the national capital.

The new facility marked a historic milestone in the evolution of the country’s central bank, which has been a pillar of the nation’s economic independence since its establishment in 1957.

Source: Myjoyonline.com

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Charterhouse announces the Business Elevate Series with launch of ‘The Gastro Feastival’

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Charterhouse, Ghana’s leading event management and audiovisual production company, is marking its 25th anniversary of delivering top-tier events with the introduction of an exciting new initiative: The Business Elevate Series.

 This innovative series is designed to shine a spotlight on key economic sectors through a series of dynamic B2B and B2C events, including industry conferences, seminars, and exhibitions.

Kicking off the series is The Gastro Feastival, a groundbreaking annual food industry festival that will showcase Ghana’s rich and diverse food ecosystem and agribusinesses from production to consumption.

The launch event will take place on Friday, March 7, 2025, from 4:00 PM to 6:00 PM at the Grand Arena (Accra International Conference Centre).

This landmark event will bring together food industry stakeholders, enthusiasts, experts, and organizations to highlight the food industry’s critical role in Ghana’s socio-economic development and culture.

It will also promote food security, digital innovation, women’s empowerment, youth employment in agribusiness, and sustainable practices.

The Business Elevate Series is a game-changing initiative designed to foster growth and transformation across multiple sectors. With Charterhouse’s deep expertise in organizing impactful meetings, the series aims to unlock investment opportunities, drive innovation, and catalyze social and economic change.

The Gastro Feastival will address six major pillars that drive industry transformation: Investment Opportunities; Job Creation; Innovation, Technology, and Digitization; Youth Involvement (entrepreneurship and career opportunities); Women’s Involvement; Environmental and Social Governance (ESG); Export Opportunities

The event will also establish a Resource Bank, spotlighting key growth opportunities and ensuring the effective allocation of resources to transform Ghana’s food industry.

The Gastro Feastival is a Charterhouse initiative, with Kosmos Innovation Centre as the technical partner.

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