Day: November 1, 2023

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LeddarTech Announces Participation in Upcoming Fourth Quarter 2023 Investor Conferences

QUEBEC CITY, Canada, Nov. 01, 2023 (GLOBE NEWSWIRE) — LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, announces that Frantz Saintellemy, President and Chief Operating Officer, is scheduled to participate in the following upcoming investor events:

LeddarTech will participate in meetings with potential investors and industry analysts and in fireside chats. For more information or to register, please visit the “Events & Presentations” section of LeddarTech’s investor relations website.

On June 13, 2023, Prospector Capital Corp. (“Prospector”) (NASDAQ: PRSR, PRSRU, PRSRW), a Cayman Islands exempted company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, announced a definitive business combination agreement with LeddarTech. Upon closing of the transaction, which is expected during the fourth quarter of 2023, the combined company formed through the business combination, LeddarTech Holdings Inc. (“Newco”), is expected to be listed on the NASDAQ under the ticker symbol “LDTC.”

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patent applications (80 granted) that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

About Prospector Capital Corp.

Prospector is a special-purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses with a focus on companies with advanced and highly differentiated solutions for the technology sector. The company is led by a team of experienced investors and executives focused on identifying and investing in high-growth companies with strong management teams and attractive market opportunities. Prospector’s securities are traded on NASDAQ under the ticker symbols “PRSR,” “PRSRU” and “PRSRW.”

Important Information About the Proposed Transaction and Where to Find It

In connection with the proposed business combination, Prospector, LeddarTech and Newco will prepare and will file with the SEC the registration statement on Form F-4 (the “Registration Statement”), and Prospector will mail the proxy statement/prospectus contained within the Registration Statement to its shareholders and file other documents regarding the business combination with the SEC. This press release is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Prospector or Newco may file with the SEC in connection with the business combination. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REGISTRATION STATEMENT WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE REGISTRATION STATEMENT AND OTHER DOCUMENTS FILED BY PROSPECTOR OR NEWCO WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION, BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Registration Statement and other documents filed with the SEC by Prospector or Newco through the website maintained by the SEC at www.sec.gov.

Forward-Looking Statements

Certain statements contained in this press release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act (which forward-looking statements shall also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements regarding the business combination involving Prospector, LeddarTech and Newco, the ability to consummate the business combination and the timing thereof, the anticipated benefits from the business combination, the closing of the private placement financing and expected proceeds therefrom and statements relating to Newco’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the business combination are not satisfied, including the failure to timely or at all obtain shareholder approval for the business combination or the failure to timely or at all obtain any required regulatory clearances, including of the Superior Court of Justice of Québec; (ii) uncertainties as to the timing of the consummation of the business combination and the ability of each of Prospector, LeddarTech and Newco to consummate the business combination; (iii) the possibility that other anticipated benefits of the business combination will not be realized, and the anticipated tax treatment of the business combination; (iv) the occurrence of any event that could give rise to termination of the business combination; (v) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may affect the timing or occurrence of the business combination or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry-specific conditions; (vii) possible disruptions from the business combination that could harm LeddarTech’s business; (viii) the ability of LeddarTech to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the business combination; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the business combination that could affect LeddarTech’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; (xiii) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; and (xiv) other risk factors as detailed from time to time in Prospector’s reports filed with the SEC, including Prospector’s Annual Report on Form 10-K, periodic Quarterly Reports on Form 10-Q, periodic Current Reports on Form 8-K and other documents filed with the SEC, as well as the risk factors to be contained in the Registration Statement. The foregoing list of important factors is not exhaustive. Neither Prospector nor LeddarTech can give any assurance that the conditions to the business combination will be satisfied. Except as required by applicable law, neither Prospector nor LeddarTech undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Prospector or Newco, a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).

Participants in Solicitation

Prospector, LeddarTech and Newco, and certain of their respective directors, executive officers and employees, may be deemed to be participants in the solicitation of proxies in connection with the business combination. Information about the directors and executive officers of Prospector can be found in the Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on March 31, 2023. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the business combination, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the Registration Statement and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the source indicated above.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

GlobeNewswire Distribution ID 8969420

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LeddarTech annonce sa participation à certaines conférences à venir pour les investisseurs lors du quatrième trimestre 2023

QUÉBEC, Canada, 01 nov. 2023 (GLOBE NEWSWIRE) — LeddarTech®, une société de logiciels automobiles qui fournit des technologies logicielles de fusion bas niveau de capteurs et de perception innovatrices et brevetées pour systèmes avancés d’aide à la conduite (systèmes ADAS) et de conduite autonome (systèmes AD), annonce que Frantz Saintellemy, président et chef de l’exploitation, participera aux événements suivants à l’intention des investisseurs :

LeddarTech participera à des réunions avec des investisseurs potentiels et des analystes de l’industrie, ainsi qu’à des discussions informelles.   Pour plus de renseignements ou pour s’inscrire, consulter la section « Événements et présentations » du site web Relations investisseurs de LeddarTech.

Le 13 juin 2023, Prospector Capital Corp. (« Prospector ») (NASDAQ : PRSR, PRSRU, PRSRW), une société exonérée des îles Caïmans dirigée par l’ancien président de Qualcomm, Derek Aberle et présidée par l’ancien vice-président du conseil d’administration de Qualcomm, Steve Altman, a annoncé un accord définitif de regroupement d’entreprises avec LeddarTech. À la clôture de la transaction, prévue au cours du quatrième trimestre 2023, la société issue du regroupement d’entreprises, LeddarTech Holdings Inc. (« Newco »), devrait être cotée au NASDAQ sous le nouveau symbole « LDTC ».

À propos de LeddarTech

Entreprise mondiale de logiciels fondée en 2007, basée à Québec et disposant de centres de R&D supplémentaires à Montréal, Toronto et Tel Aviv (Israël), LeddarTech développe et propose des solutions de perception logicielles complètes qui permettent le déploiement d’applications ADAS et de conduite autonome (AD). Le logiciel de classe automobile de LeddarTech applique des algorithmes d’intelligence artificielle et de vision numérique avancés afin de générer des modèles 3D précis de l’environnement, pour une meilleure prise de décision et une navigation plus sûre. Cette technologie performante, évolutive et économique permet la mise en œuvre efficace de solutions ADAS pour véhicules automobiles et hors route par les équipementiers et les fournisseurs de rang 1 et 2.

Ayant déposé plus de 150 demandes de brevets (dont 80 accordées) qui améliorent les capacités des systèmes d’aide à la conduite et de conduite autonome, l’entreprise a contribué à plusieurs innovations liées à des applications de télédétection. Une plus grande conscience situationnelle est essentielle pour rendre la mobilité plus sûre, plus efficace, plus durable et plus abordable : c’est ce qui motive LeddarTech à vouloir devenir la solution logicielle de fusion de capteurs et de perception la plus largement adoptée.

Renseignements complémentaires disponibles sur www.LeddarTech.com et sur LinkedIn, Twitter (X), Facebook et YouTube.

À propos de Prospector Capital Corp.

Prospector est une société d’acquisition à vocation spécifique créée dans le but de réaliser une fusion, un échange d’actions, une acquisition d’actifs, un achat d’actions, une réorganisation ou un regroupement d’entreprises similaire avec une ou plusieurs entreprises, mettant l’accent sur les sociétés proposant des solutions avancées et hautement différenciées dans le secteur technologique. La société est dirigée par une équipe d’investisseurs et de cadres expérimentés qui se concentrent sur l’identification et les investissements dans des entreprises à forte croissance dotées d’équipes de gestion solides et d’opportunités de marché attrayantes. Les titres de Prospector se négocient sur le NASDAQ sous les symboles « PRSR », « PRSRU » et « PRSRW ».

Renseignements importants sur la transaction proposée et où les trouver

Dans le cadre du regroupement d’entreprises proposé, Prospector, LeddarTech et Newco prépareront et déposeront auprès de la SEC la déclaration d’enregistrement sur le formulaire F-4 (la « Déclaration d’Enregistrement »), et Prospector enverra à ses actionnaires la circulaire de sollicitation de procurations/prospectus contenue dans la Déclaration d’Enregistrement et déposera d’autres documents concernant le regroupement d’entreprises auprès de la SEC. Le présent communiqué de presse ne se substitue à aucune circulaire de sollicitation de procurations, déclaration d’enregistrement, circulaire de sollicitation de procurations/prospectus ou autres documents que Prospector ou Newco pourrait déposer auprès de la SEC dans le cadre du regroupement d’entreprises. LES INVESTISSEURS ET LES PORTEURS DE TITRES SONT INSTAMMENT PRIÉS DE LIRE ATTENTIVEMENT ET DANS LEUR INTÉGRALITÉ LA DÉCLARATION D’ENREGISTREMENT LORSQU’ELLE SERA DISPONIBLE, TOUT AMENDEMENT OU SUPPLÉMENT À LA DÉCLARATION D’ENREGISTREMENT ET TOUT AUTRE DOCUMENT DÉPOSÉ PAR PROSPECTOR OU NEWCO AUPRÈS DE LA SEC DANS LE CADRE DU REGROUPEMENT D’ENTREPRISES, CAR CES DOCUMENTS CONTIENDRONT DES RENSEIGNEMENTS IMPORTANTS. Les investisseurs et les détenteurs de titres pourront obtenir gratuitement des copies de la Déclaration d’Enregistrement et des autres documents déposés auprès de la SEC par Prospector ou Newco sur le site web géré par la SEC à l’adresse www.sec.gov.

Énoncés prospectifs

Certains énoncés contenus dans le présent communiqué de presse peuvent être considérés comme des énoncés prospectifs au sens du Private Securities Litigation Reform Act de 1995, de la section 27A du Securities Act et de la section 21E de l’Exchange Act des États-Unis (lesquels énoncés prospectifs comprennent également les énoncés prospectifs et les renseignements prospectifs au sens des lois canadiennes sur les valeurs mobilières applicables), y compris, mais sans s’y limiter, les énoncés concernant le regroupement d’entreprises impliquant Prospector, LeddarTech et Newco, la capacité à réaliser le regroupement d’entreprises et son calendrier, les avantages attendus du regroupement d’entreprises, la clôture du financement par placement privé et le produit attendu de celui-ci, ainsi que les énoncés relatifs à la stratégie, aux opérations futures, aux perspectives, aux objectifs et aux projections financières et autres mesures financières anticipés de Newco. Les énoncés prospectifs comprennent généralement des énoncés de nature prévisionnelle qui dépendent d’événements ou de conditions à venir ou qui s’y réfèrent, et comprennent des termes tels que « pouvoir », « anticiper », « prévoir », « avoir l’intention de », « estimer », « planifier », « croire », « s’attendre à », « projeter de » et autres expressions similaires et verbes au futur et au conditionnel notamment. Les énoncés qui ne sont pas des faits historiques sont des énoncés prospectifs. Les énoncés prospectifs reposent sur des convictions et des hypothèses actuelles qui sont soumises à des risques et à des incertitudes et ne constituent pas des garanties de performance future. Les résultats réels peuvent différer sensiblement de ceux contenus dans un énoncé prospectif en raison de divers facteurs, y compris, mais sans s’y limiter : (i) le risque que les conditions de clôture du regroupement d’entreprises ne soient pas remplies, y compris le défaut d’obtenir en temps voulu ou non l’approbation des actionnaires pour le regroupement d’entreprises ou le défaut d’obtenir en temps voulu ou non les autorisations réglementaires requises, y compris de la Cour supérieure de justice du Québec; (ii) les incertitudes quant au calendrier de réalisation du regroupement d’entreprises et à la capacité de Prospector, de LeddarTech et de Newco à réaliser le regroupement d’entreprises; (iii) la possibilité que d’autres avantages prévus du regroupement d’entreprises ne se réalisent pas, et le traitement fiscal prévu du regroupement d’entreprises; (iv) la survenance de tout événement susceptible de donner lieu à la résiliation du regroupement d’entreprises; (v) le risque que des litiges entre actionnaires liés au regroupement d’entreprises ou autres règlements ou enquêtes affectent le calendrier ou la réalisation du regroupement d’entreprises ou entraînent des coûts importants de défense, d’indemnisation et de responsabilité; (vi) l’évolution de la conjoncture économique générale et/ou des conditions propres à l’industrie; (vii) les éventuelles perturbations dues au regroupement d’entreprises susceptibles de nuire aux activités de LeddarTech; (viii) la capacité de LeddarTech à retenir, à attirer et à embaucher du personnel clé; (ix) les réactions ou changements négatifs potentiels dans les relations avec les clients, employés, fournisseurs ou autres parties résultant de l’annonce ou de la réalisation du regroupement d’entreprises; (x) l’incertitude commerciale potentielle, y compris les changements dans les relations commerciales existantes, pendant la durée du regroupement d’entreprises, susceptible d’affecter la performance financière de LeddarTech; (xi) les développements législatifs, réglementaires et économiques; (xii) l’imprévisibilité et la gravité d’événements catastrophiques, y compris, mais sans s’y limiter, les actes de terrorisme, le déclenchement d’une guerre ou d’hostilités et toute épidémie, pandémie ou apparition de maladie (y compris la COVID-19), ainsi que la réponse de la direction à l’un des facteurs susmentionnés; (xiii) l’accès au capital et au financement et la capacité de LeddarTech à maintenir le respect des clauses restrictives de ses emprunts; et (xiv) les autres facteurs de risque détaillés de temps à autre dans les rapports de Prospector déposés auprès de la SEC, y compris le rapport annuel de Prospector sur le formulaire 10-K, les rapports trimestriels périodiques sur le formulaire 10-Q, les rapports courants périodiques sur le formulaire 8-K et autres documents déposés auprès de la SEC, ainsi que les facteurs de risque qui figureront dans la Déclaration d’Enregistrement.   La liste des facteurs importants ci-dessus n’est pas exhaustive. Ni Prospector ni LeddarTech ne peuvent garantir que les conditions du regroupement d’entreprises seront remplies. Sauf si la loi applicable l’exige, ni Prospector ni LeddarTech ne s’engagent à réviser ou à mettre à jour les énoncés prospectifs, ni à mentionner d’autres énoncés prospectifs, que ce soit à la suite de nouvelles informations, d’événements futurs ou autres.

Absence d’offre ou de sollicitation

Le présent communiqué de presse ne constitue pas une offre de vente ou la sollicitation d’une offre d’achat de titres de Prospector ou de Newco, ni une sollicitation de vote ou d’approbation, et il n’y aura pas de vente de titres dans une juridiction où une telle offre, sollicitation ou vente serait illégale avant l’enregistrement ou la qualification en vertu de la législation sur les valeurs mobilières d’une telle juridiction. Aucune offre de valeurs mobilières ne peut être faite si ce n’est au moyen d’un prospectus répondant aux exigences de la section 10 du Securities Act de 1933, tel que modifié (le « Securities Act »).

Participants à la sollicitation

Prospector, LeddarTech et Newco, ainsi que certains de leurs administrateurs, dirigeants et employés respectifs, peuvent être considérés comme des participants à la sollicitation de procurations dans le cadre du regroupement d’entreprises. Des renseignements sur les administrateurs et les dirigeants de Prospector sont disponibles dans le rapport annuel sur le formulaire 10-K pour l’exercice clos le 31 décembre 2022, qui a été déposé auprès de la SEC le 31 mars 2023. Les renseignements concernant les personnes qui peuvent, en vertu des règles de la SEC, être considérées comme des participants à la sollicitation de procurations dans le cadre du regroupement d’entreprises, y compris une description de leurs intérêts directs ou indirects, par la détention de titres ou autrement, seront présentés dans la Déclaration d’Enregistrement et dans d’autres documents pertinents lorsqu’ils seront déposés auprès de la SEC. Ces documents peuvent être obtenus gratuitement auprès de la source indiquée ci-dessus.

Contact :
Daniel Aitken, vice-président, Marketing, communications et relations avec les investisseurs mondiaux, LeddarTech Inc.
Tél. : + 1-418-653-9000 poste 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision et les logos associés sont des marques de commerce ou des marques déposées de LeddarTech Inc. et de ses filiales. Tous les autres noms de marques, noms de produits et marques sont ou peuvent être des marques de commerce ou des marques déposées utilisées pour désigner les produits ou les services de leurs propriétaires respectifs.

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Free Zones Authority breast cancer screenings identify 325 cases through early detection

A total of 325 cases of breast cancer have been detected in a five-day screening exercise carried out by the Ghana Free Zones Authority (GFZA) in collaboration with the Afrah International Hospital. The screening which took place in the Taifa – Burkina, Abokobi and La Markets in the Greater Accra Region, saw about 2000 people, mostly market women being educated and screened to create awareness about early detection, treatment, impact, and ways to prevent breast cancer. The exercise which started October 23 and ended October 27, was part of activities to mark this year’s Breast Cancer Awareness Month under the theme ‘Get Your Pink On.’ Last year same time, the GFZA did some screening and sensitisation exercises at the highly populated Dome market were a high prevalence of breast cancer among the market women was recorded, prompting the Authority to expand its coverage for this year’s exercise. As part of the GFZA’s core Corporate Social Responsibility the Authority aims at ensuring that the public fully benefits from the sensitization and the free breast cancer screening exercise in various markets in the coming years. Chief Executive Officer of the GFZA, Mr Mike Oquaye Jnr., said, ‘Out of a total of 2,000 screenings conducted, 325 cases were recorded at various stages.’ In an interview with the Ghana News Agency (GNA), he said most of the affected persons had since resorted to medical treatment through surgeries and chemotherapy. Mr Oquaye Jnr., urged the public especially women to constantly check for changes in their bodies and develop healthy habits to help curb the spread of the disease. The Authority plans to extend the free breast cancer screening to other markets in the region in a bid to increase awareness on the subject matter and to ensure early detection, treatment and prevention of the disease.

Source: Ghana News Agency

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Krowor MP holds free breast cancer screening for her constituents

Dr Gladys Naa Momo Lartey, Member of Parliament for Krowor Constituency, has urged women to conduct self- breast examination and report anomalies for prompt treatment. She said the fear and stigma were all because of the myths and misconceptions surrounding the disease. ‘People think it is a spiritual disease and that is the reason why a lot of women are in the prayer camps seeking treatment.’ Dr Lartey was speaking when she held free breast cancer screening for her constituents at Nungua in Accra. She said breast cancer was not a death sentence, however the unfortunate detection of the disease at the late or terminal stage was what could drastically reduce the chances of sufferers. ‘Breast Cancer is a hospital disease and that if you go to the hospital early your chance of survival is always very bright”, Dr Lartey said. ‘We are losing many lives to breast cancer needlessly and this is what is heart breaking,’ the lawmaker said. The Member of Parliament for Krowor noted that many women with the disease were using all sorts of concoctions and seeking help from prayer camps. She called for a concerted effort on educating women on the risk in resorting to herbal treatment for the disease.

Source: Ghana News Agency

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Government urged to remove capping on GETFund allocation

Stakeholders in higher education at an open forum have urged Government to remove its capping on allocations to the Ghana Education Trust Fund (GETFund). They also called for the review of the Fund for it to focus on specific areas of educational support, particularly infrastructure provision, instead of its general support structure. The open dialogue was on the topic ‘Making the GETFund Fit for Purpose’ and was organised by the Ghana Academy of Arts and Sciences (GAAS) as part of its project on ‘Motivating Higher Education Reforms in Ghana – Towards Equity and Sustainability’. The dialogue provided a forum for open discussion on financing challenges that the higher education sector faced. Professor Abednego Feehi Okoe Amartey, Vice Chancellor, University of Professional Studies – Accra, said the passage of the Earmarked Funds Capping and Realignment Act 2017, Act 947, had affected the resource envelope of the Fund. ‘The current 2.5 per cent VAT allocated to the Fund should be reviewed upwards, given the increasing student enrolment numbers in public tertiary institutions as well as the number of projects undertaken across the various university campuses,’ he added. Prof. Amartey said the GETFund should put more emphasis on higher education institutions than the pre-tertiary sector, saying the current 12 per cent fund allocation to them was inadequate. He called for a multiple stakeholder engagement to help address areas of financing challenges and explore other sustainable streams of income to support the Fund. Mr Dennis Asare, a Senior Research Associate at Imani Centre for Policy and Education, said GETFund should adopt innovative ways of raising funds to support its activities. ‘There is a need to improve their efficiency and encourage public-private partnerships to drive more support from the private sector,’ he added. The Ghana Education Trust Fund was established in 2000 by the Ghana Education Trust Fund Act, 2000, Act 581. The Fund was primarily established to provide funding to supplement government budgetary allocations at all levels of education.

Source: Ghana News Agency

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Elevate Gomoa East District to Municipal status – Chief appeals

Nana Abor Atta II, the Chief of Gomoa Fetteh and Twafohen of Gomoa Akyempim Traditional Area, has appealed to the Government to elevate the Gomoa East District to a Municipal status. He said the population of the district, which was over 350,000 inhabitants, was more populated than several other Municipalities and some Metropolitan Assemblies. ‘Our District was ranked 7th amongst districts, municipalities and metropolitan assemblies throughout the country,’ he added. Nana Abor Atta II made the appeal at a development forum organised by Africa Seafront Properties Limited and the Spio-Garbrah Foundation, with organisational support from Ghana Real Estate Development Association (GREDA) at Gomoa Fetteh, in the Central Region. The Forum, which was the first of its kind, was on the theme: ‘Peace, Unity and Development.’ Nana Atta II said the Gomoa Fetteh lands were stool lands that did not belong to individuals, and appealed to prospective investors to approach the chiefs whenever they needed lands for investment. He commended Dr Spio-Garbrah, former Ambassador of Ghana to USA and Mexico, for his vision in initiating the development forum, and encouraged him to organise more of such events because without peace and unity there could be no developments within the community. Mr Solomon Darko Quarm, the District Chief Executive of the Gomoa East District, said in addition to peace, unity and development, there was the need to ensure security of the people. He said prospective investors would not feel safe if people had to carry weapons to functions, stating that the Government was making efforts to improve on developmental projects such as infrastructure, as far as land guard activities were concerned. Mr Quarm noted that, for instance, the establishment of the Pentecost Convention Center at Gomoa Fetteh during the COVID-19 period was at the disposal of the Government to keep the patients free of charge. ‘People queued at most advanced hospitals in Europe and America and were dying in millions, yet not a single soul perished at the Pentecost Convention Center here in Ghana,’ he added The DCE appealed to the chiefs to assist the district maintain peace in the area, indicating that there was the need to establish a Land Secretariat or Committee to protect the Gomoa lands. Mr Desmond De-Graft Paitoo, Member of Parliament, Gomoa East Constituency, called on his constituents to support the peace efforts being made by the authorities to ensure development in the district. Dr Ekwow Spio-Garbrah, founder of Spio-Garbrah Foundation, thanked the chiefs for their collaboration, without which the event could not have been successful. The presence of the Chiefs and Queen mothers in their flamboyant regalia added a colour to the most magnificent event in grand style best witnessed than described. Other speakers were representatives of the District Assemblies, the District Education Directorate, the District Health Service, the Lands Commission, District Environment officials, the Village and College of Hope.

Source: Ghana News Agency

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