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Hong Kong's Dim Sum Bond Market Aims for Record Issuances

Hong Kong's Offshore Yuan Bond Market Set for Record Growth Hong Kong's offshore yuan bond market is on track to have a record-breaking year, driven by the participation of some of mainland China's largest technology firms. This development highlights the city's growing role as a major fundraising hub beyond traditional equity markets. One of the key players in this trend is Baidu, the Chinese search-engine giant. On September 9, Baidu announced plans to issue 4.5 billion yuan (US$618 million) in dim sum bonds, following a previous sale of 10 billion yuan in March. Other tech giants, including Meituan and Tencent Holdings, are also reportedly considering debt sales, marking a significant shift as they haven't made such moves in over four years. According to Bloomberg data, corporate issuers have raised a record US$46.2 billion so far this year. Deutsche Bank estimates that annual issuance in the dim sum market tripled between 2022 and 2024, reaching 1.4 trillion ...

Societe Generale Offers New Car in Deposit and Drive Promotion

Societe Generale Ghana Celebrates Successful Deposit and Drive Promotion Societe Generale Ghana recently held a grand draw for its exciting Deposit and Drive Promotion, marking the culmination of an engaging campaign that attracted numerous participants. The event saw one lucky winner take home a brand-new Toyota RAV4 Adventure, while two other winners received all-expense-paid trips to Singapore and Dubai. This momentous occasion was the highlight of months-long efforts by the bank to encourage savings and reward customer loyalty. The promotion included two mini draws in April and June, which generated excitement among customers and set the stage for the final grand draw. The event, held last week, showcased the success of the campaign and highlighted the bank’s commitment to fostering a culture of financial responsibility and trust with its clients. Managing Director Expresses Gratitude and Highlights Campaign Goals Mr. Hakim Ouzzani, the Managing Director of Societe Generale Gha...

Modernizing Operations with Technology – FCSC Chairman

Modernising Civil Service Operations with Technology Prof. Tunji Olaopa, Chairman of the Federal Civil Service Commission (FCSC), has emphasized the commission’s commitment to leveraging technology to enhance its operations and reinforce merit-based processes. This initiative is part of a broader strategy aimed at improving efficiency, transparency, and accountability within the civil service. During an interview with journalists on the sidelines of the commission’s Strategic Plan Stakeholders Validation Workshop in Abuja, Olaopa highlighted the importance of modernizing traditional practices. He explained that while merit was once applied through common sense, it now benefits from structured instruments, tools, and clear indicators. This shift ensures a more objective and fair approach to evaluating performance and qualifications. One of the key areas of focus for the FCSC is aligning the principle of federal character with merit. Olaopa noted that some states have lower cut-off po...

Culture Over Constitution: Rethinking Legitimacy

The Clash Between Legal Authority and Cultural Legitimacy When Ghana’s 1992 Constitution begins with “We the People…”, it presents itself as an authoritative document that is rarely questioned. But this raises a fundamental question: who gave the framers of our constitutions the right to make decisions on behalf of the people, especially regarding cultural and chieftaincy matters? Constitutions are legal instruments, created during specific political moments—whether under colonial rule, military governance, or elite negotiations. Their authority is rooted in law, but they often fail to reflect the deeper values and traditions that have shaped society for centuries. Culture and chieftaincy, however, predate any constitution that has ever existed in Ghana. Institutions such as the Asantehenne, Ya-Na, Ga Mantse, and other traditional leadership structures have long been central to the social fabric of the country. These institutions are based on ancestry, kinship, spirituality, and com...

Dialogue on Continental Free Movement Takes Place in Accra

Ghana Hosts National Dialogue to Advance AU Free Movement of Persons Protocol Ghana has taken a significant step forward in its efforts to accelerate the ratification of the African Union’s Free Movement of Persons (AU FMP) Protocol by organizing a two-day National Dialogue in Accra. This event brought together a wide range of stakeholders to deepen collaboration and strengthen regional momentum for the protocol’s implementation. The dialogue was organized by the Ministry of the Interior in partnership with the Coalition of CSOs in Migration, Ghana (CCMG), with additional support from the German Development Cooperation and the International Centre for Migration Policy Development (ICMPD). The goal was to foster a shared understanding of the importance of free movement and to identify strategies for overcoming challenges in the ratification process. Key Stakeholders Engage in Critical Discussions Participants included representatives from the African Union, the Ministry of the Inter...

Editorial: Superintendents' Vote-Buying Funds: Taxpayer Money Turns into Blind Cash

Expansion of Education Subsidies and Controversial Cash Distributions In recent years, several local education offices in South Korea have launched initiatives aimed at providing financial support to students. One such initiative is the Gyeonggi Office of Education’s project, which offers 300,000 Korean won to all third-year high school students in the province. This funding is intended for acquiring various licenses, including driver’s licenses. The annual budget allocated for this program amounts to 37.2 billion Korean won. Meanwhile, the Gwangju Office of Education has announced a similar plan that will provide vouchers worth between 670,000 and 970,000 Korean won per student. These vouchers can be used at bookstores and stationery shops and will be available to all middle and high school students starting next year. This year’s budget for the program is 41.4 billion Korean won, with an expected increase to 60 billion Korean won in the following year. As superintendent elections ...