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McDan Boss Wins Top Award

McDan Boss Wins Top Award (0)

Dr. Daniel Mckorley, Chief Executive officer (CEO) of McDan Shipping Company, has won the ‘CEO of the Year Award’. This was at the second edition of the Ghana Shippers Awards, jointly organize by Globe Productions, the Transport Ministry, the Ghana Shippers Authority (GSA) and Graphic Communications Group, in Accra. Mr. McDonald Vasnanie, CEO of Conship, was adjudged the ‘Entrepreneur of the Year’ with the ‘Promising Entrepreneur’ award going to Isaac Amoako-Mensah. Mrs. Della Russel Ocloo, a journalist with the Graphic Communications Group took the prize for the ‘Reporter of the Year’. Over 40 shipping companies including Consolidated Shipping Agencies Limited, Sea and Shore services Ghana Limited, Transglobal Logistics Limited, Benmarine Services Limited and Swissport Ghana Limited received prizes. Mr. Kwaku Ofori Asiamah, Minister of Transport, applauded the initiative to recognize excellence in the shipping industry. The awards would serve as motivation to everybody – to up their game and improve the quality of client service. He underlined the government’s unswerving determination to create the right conditions and support local and private enterprises to succeed. This was vital to its drive towards job and wealth creation to put the nation beyond aid. Mr. Asiamah said the paperless system at the ports was meant to bring about efficiency and facilitate business operations at the ports. He encouraged the companies to continue to stick with best practices to expand and lead the nation’s socio-economic growth. Ms. Benonita Bismarck, the CEO of GSA, said the award was to recognize individuals and companies that played significant roles in the growth and development of the industry. It was also to acknowledge the key functions within the industry which promoted growth and sustainability. She announced that there was an 18 percent increase in demurrage payment in the first quarter of the year. That came to US$15.4 million dollars. Source: The New Crusading Guide

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A former Chairman for the Energy Commission, Dr. Kwame Ampofo, is claiming that, the ruling New Patriotic Party (NPP), is recklessly managing the Free Senior High School policy. The academician who is seeking to contest the Vice Chairman of the National Democratic Congress (NDC), told Kwame Tutu in an exclusive interview that, the free SHS was recklessly rolled out, rushed by the NPP with no proper planning. The challenges confronting the free SHS he posited were generated due to the failure of government to think through the process well. The policy he strongly opined is not sustainable and will fail if government fails to review it through an inter-party consultation. ‘’Look at what is happening, some of the beneficiaries are sleeping on verandas, some are not having access to the needed infrastructure. The way NPP is managing the free SHS is reckless. It was not planned for. It was not thought through,’’ he added. He told the host the NDC would not manage the policy in a wholesale manner like the NPP but target it and put in the needed infrastructure. The free SHS policy he stressed is a constitutional provision and not a policy or innovation by the NPP. ‘’This is not the first time we are having free education. We had one in the era of Kwame Nkrumah,’’ he said. The NPP is being irresponsible, hasty and careless with the free SHS. It is reckless. For the NPP it was politics and sloganeering and got Ghanaians supporting it. But it is not sustainable. Free SHS will be sustainable if done properly. But the way NPP is doing it is not sustainable.’‘
An aspiring Vice Chairman in the upcoming opposition National Democratic Congress (NDC) national delegates conference, Dr. Kwame Ampofo, has said the party is faced with structural and internal problems. The Kwesi Botchwey report and the recommendations made he deduced exposes the structural problems and the conflicts in the party. The report from its recommendations shows that, there were internal conflicts at several places, he said. The recommendations also suggested rebranding from the branches and build it up to the national level. This showed that the structures of the party were weak,’’ he noted. ‘’The party had problems with communication. The message we gave to electorates were not properly communicated.’’ Former chairman for the Energy Commission said, one couldn’t sit on the fence without contributing to the rebranding and restructuring of the party for victory 2020 hence his desire to contest the race. As an active member of the party, I have campaigned and worked at the grassroot level and so I will work to achieve the goals of the party, he told Kwame Tutu on Frontline on Rainbow Radio 87.5Fm, in an exclusive interview. Another reason to contest the position he explained is premised on the love he has for the party. He is looking forward to mark the grassroot stronger, firm and attractive to ensure the party benefit significantly. His desire to contest he said was based on wide consultation done because he had wanted to contest the regional race but upon advice, he opted for the national vice chairman and I think it was the right decision.
The Board Chairman for the Audit Service, Professor Dua Agyeman has sued Johnson Asiedu Nketiah, General Secretary of the opposition National Democratic Congress (NDC) over his claims that he [Professor Agyeman] is dishonest, a thief and a trickster. Professor Dua Agyeman from reliable information sued Mr Nketiah for tarnishing his hard won reputation. Mr Nketiah on Tuesday held a press conference to respond to the forensic audit that uncovered some procurement irregularities at the Ghana National Gas Company, amounting to a whopping US$137,861,127.15. He accused Professor Dua Agyeman of forgery, tagging him as corrupt, and lacking integrity. He said: “Dua Agyeman, who, in 1983, was banned by the Institute of Chartered Accountants Ghana from practicing accounting and auditing in Ghana, for forging an audit report for a private firm whose account he has neither seen or audited.” “The person who has been appointed by Nana Akufo-Addo to chair the Audit Service Board, and who is being asked to recruit these private firms in the name of cabinet committee secretary, that’s his record,” Asiedu Nketiah said. He added further alleged that “he’s the person who has now been recycled to chair the Audit Service Board by Nana Akufo-Addo to fight corruption.” But Professor Dua Agyeman has rubbished all the allegations and described them as frivolous.
The Accra Metropolitan Assembly has handed over twenty four sanitation facilities worth GH¢4,873,631.64 to some basic schools in the metropolis. The schools are, Osu Salem 5 Primary school, Osu St. Barnabas Primary School, Independence 1&2 Primary School,Farisco Cluster of Schools, Ayalolo Cluster of schools,Dr. FV Nanka Bruce Junior High School (JHS), Korle-Gonno RC Boys, Mamprobi 1 (M1) / Socco Cluster of Schools), Accra New Town 4&11 Primary Schools, Accra New Town 6&8 Primary Schools and Unity Cluster of Schools. The rest are, Kwashieman Cluster of schools, Darkuman JHS, Shiayennor 1&2, Shiayennor A&B JHS,Kwame Nkrumah Memorial JHS, Abossey Okai Cluster of Schools, Kaneshie West 1&2 Cluster of Schools, Mateheko RC Cluster of Schools, Dzorwulu JHS,Kanda Cluster of Schools,La-Balawashie Presby Cluster of Schools,Maamobi Prisons Cluster of Schools as well as Kaneshie kingsway 1&2 Primary & JHS. The facilities which are disability friendly comes with toilet cubicles , changing room for girls , refuse holding bay with bins, urinal ,hand washing bays as well as water supply and storage facilities.
Policy think tank, Strategic Thinkers Network (STRANEK), has petitioned the Bank of Ghana requesting the publication of individual debtors owing GHS1.2 billion which amount has been written off as Non-Performing Loans (NPLs) on the books of banks in the country. STRANEK in its letter signed by Nii Tetteh Tetteh said, the situation affected genuine people from acquiring loans. "As you are aware, such write-offs lead to higher prices of loans for genuine lenders and affect the general credit environment. It is for these reasons that we call on you as the Regulator to unveil the entities and individuals behind these loans, and either enhance or enforce regulations to protect the assets of banks in the country." Read below the full letter The Governor, Bank of Ghana, One Thorpe Road, P.O Box GP 2674, Accra-Ghana. 03.10.2018 Dear Sir, PUBLISH FULL LIST OF DEBTORS OWING GHS1.2 BILLION We hereby kindly request you to publish a detailed list of debtors owing GHS1.2 billion which amount has been written off as Non-Performing Loans (NPLs) on the books of banks in the country. (Ref: citibusinessnews.com September 25, 2018) We are of the view that It is not enough to write off such debts without imposing measures to curtail their recurrence. We believe that publishing a detailed list of the debtors will expose such persons to public scrutiny and act as a deterrent. As you are aware, such write-offs lead to higher prices of loans for genuine lenders and affect the general credit environment. It is for these reasons that we call on you as the Regulator to unveil the entities and individuals behind these loans, and either enhance or enforce regulations to protect the assets of banks in the country. We suggest that the Bank of Ghana works hand-in-hand with credit reference bureaus to ensure that persons behind these non-performing loans are barred from accessing credit facilities within our financial eco-system for at least five (5) years. The Bank of Ghana must also review the processes that lead to the creation of such non-performing loans and sanction, not just banks, but the credit risk analysts and managers who facilitate the creation of such assets. It is not enough for credit risk managers to say decisions surrounding certain transactions were exclusively made by the board of a bank and absolve themselves from blame. They must under all such circumstances express their expert opinions to the boards of those banks and copy the Regulator because they, as credit gatekeepers, owe not only to their boards and shareholders the service of protecting their entities, but to the financial system, safe and affordable credit facilities. They cannot and should not be allowed to operate, condone or promote environments that increase the exposure of banks to the risk of loss. They must be saddled with the resultant effects of total credit risk exposures of their banks and sanctioned not just for their commissions but the lack thereof and in grave circumstances where they collude with other persons to create NPLs. We take this opportunity to remind you that it is to the interest of the nation to extend credit reference bureau activities to mobile money services. Signed. Nii Tettey Tetteh Executive Director +233 249 659 467
A Deputy Minister for Agriculture in charge of cocoa, Kennedy Osei Nyarko has assured underscored the need for Ghanaians to commend President Nana Akufo-Addo for protecting the interest cocoa farmers and also protecting the public purse. The Deputy Minister at a press conference on Thursday said, government has slashed the salary of the CEO of COCOBOD by 30 per cent, a situation that has saved the state firm money to invest in other areas. He reiterated government’s commitment to transforming the lives of farmers in the country, especially cocoa farmers. According to him, for past three years, the salaries of workers at COCOBOD have not been increased. He was reacting to claims by the Minority MPs that administrative cost at COCOBOD has been increased. But the Minister refuted the claims and asked Ghanaians to treat the Minority’s allegations with contempt. He said, the administrative cost is predicated by variables including warehousing, trucking, commission to LBC's, fumigation, casual and contract workers which are all volume related. The Minority has accused government of cheating farmers after it was announced that the price of cocoa has been maintained. This means Ghana COCOBOD will buy the beans at GH¢7,600 per ton, the same as it did for the just ended crop season. At a press conference in Goaso in the Brong Ahafo Region on Wednesday, Ranking Member for the Parliamentary Committee on Food, Agriculture and Cocoa Affairs, Eric Opoku, slammed the government for being “insensitive” to the plights of cocoa farmers, saying “while the cost of living is rising, the real incomes of farmers are dwindling.” He said the real producer price diminished by 24% from 2016, after accounting for inflation, which declined by 16% in 2017 and further down by 8% in 2018. He also blamed the government for ignoring the stabilization levy to the detriment of the farmers. “Therefore, by the insensitive decision to maintain cocoa prices in these hard times, the cocoa farmer is far worse off today, than he was in 2016,” the former Brong Ahafo Regional Minister said as he accused that COCOBOD used a doctored exchange rate of 4.54% to determine the cocoa price instead of using the Bank of Ghana's rate of 4.8%. But the Deputy Agric minister denied such claims and likened it to political mischief. He further explained that, the price on the world market sunk as low as $2,080 and at an exchange rate of ghc4.4 and the tonne sold for ghc 9,152 "and yet the Akufo-Addo govenet is keeping faith with farmers maintained the price of ghc 475. This translated into the government consistently of ensuring that the universal formula of paying a minimum of 70 percent is preserved, he added. He admonished Ghanaians to measure the performance of both governments and would see the one having the cocoa farmer at heart. ‘’In the current year for which they are making these outrageous statements, the World Market Price is $2,200 which translate into GHc10,560 at the exchange rate of GHc4.8. This means paying the farmer the same GHc7,600MT or GHc475/bag which translate into 72 percent of the FOB price. The NPP government maintain the cocoa price at GHc7,600/MT show the government commitment to the welfare of Ghanaian Cocoa Farmer.’’
The board chairman of the Institute of Economic Affairs (IEA), Dr. Charles Mensa has jabbed persons describing her wife, Mrs Jean Mensa, the new EC Chair as a political figure. Defending the wife on Accra based Joy Fm, Dr. Mensa described as unjustifiable allegations that her wife was appointed to favour the ruling New Patriotic Party (NPP) in 2020. “I ask people when they tell me she is a member of NPP or opposition National Democratic Congress (NDC) ‘and so what?’ Because the question is not whether she is NPP or NDC but can she be independent and be fair to all the political parties? “I think that is the issue, Afari Gyan, Charlotte Osei as well as the Chief Justice all vote during the general elections, but question is can one be fair? That is Jean’s trademark,” he said. The opposition NDC has attacked the new EC boss. They have expressed their displeasure at her appointment but the husband in jumping to her defence said, ‘’ the wife exhibited that as Director of IEA “to the point where the NDC hierarchy felt very comfortable with her. She worked with them and sometimes she upset them. The same thing with the NPP, sometimes they love her other times they don’t”.
Government will incur an additional debt of GHc 1.5 billion in subsiding the price of cocoa, the Ministry of Agriculture has announced. Deputy Minister of Agriculture in charge of Perennial Crops, Mr Kennedy Osei Nyarko said at a press conference on Thursday, government had to incur ghc 2 billion in subsiding the price of cocoa in 2017. He was reacting to the allegations by the Minority in parliament that, government was fleecing cocoa farmers by refusing to increase the price of cocoa. He refuted the allegations and insisted that, government maintained the price despite the reduction of price on the world market. He said government should be commended for maintaining the price because the real market price would have been ghc 6,000. He further explained that, the price on the world market sunk as low as $2,080 and at an exchange rate of ghc4.4 and the tonne sold for ghc 9,152 "and yet the Akufo-Addo govenet is keeping faith with farmers maintained the price of ghc 475. This translated into the government consistently of ensuring that the universal formula of paying a minimum of 70 percent is preserved, he added. On the issue of rising administrative cost, he rubbished claims by the Minority that government has increased it's administrative cost. He said, the administrative cost is predicated by variables including warehousing, trucking, commission to LBC's, fumigation, casual and contract workers which are all volume related. Government he stressed deserves commendation for reducing the salary of COCOBOD CEO by 30 percent. In concluding his address, he said, as part of productivity improvement program, and in anticipation of world market price volatility, COCOBOD has put in place schemes aimed at improving the current 450kg/ha to minimum of 1500kg/ha. These schemes include spraying, fertilization, subsidy and hand pollination. Government has maintained the price of cocoa at GHc7,600 per tonne for the 2018/19 main crop harvest. Agric Minister, Dr Afriyie Akoto made the announcement whiles addressing cocoa farmers and other stakeholders in the cocoa industry at the 2018 Cocoa Day event. “The 2018/19 cocoa season which starts on Friday, October 5, has been officially announced. The government in consultation with stakeholders has decided to maintain the producer price for cocoa at GH₵7,600 per tonne or GH₵475 per bag of 64 Kilograms (KG),” he stated.
Public Relations Officer (PRO) for the Aayalolo Bus Rapid Transport system, Fred Chidi has justified why drivers are fined for using the lane meant for the buses operating under the system. He was reacting to growing concerns by drivers who have been fined between GHc100-GHc250 for using the bus lane. He told Kwame Tutu on Rainbow Radio 87.5Fm that, law regulates the fine and the money collected goes to the various District Assemblies where the buses operate. Fred Chidi admonished drivers to abide by the regulations so they are not fined. He further explained the bus lane was not only developed for Ayalolo buses but other similar buses like that of Metro Mass Transit Buses, STC Buses among others. Ambulances, Fire Service Tenders and Police vehicles are also allowed to use the lane. The $95 million dollar project which started in 2007 is finally taking off in September with dedicated routes in Accra. For those driving their own cars, they can only benefit if they are willing to park their cars and join the bus. To ensure the safety of passengers, managers of the 85 buses for the first phase of the project have fitted wi-fi and USB cables in them to encourage patronage. Aayalolo buses currently run three services on the Nsawam Road corridor. The three services are as follows: Amasaman to Tudu, Ofankor to Tudu and Achimota to Tudu. These services are respectively run by:Ghana cooperative bus rapid transit association, Accra GPRTU rapid bus transit company limited and Amalgamated bus transit services limited. Mr Chidi said before the implementation of the bus system conducted massive education to inform the public on the operations of the system. The taskforce clamping on cars are legally mandated enterprise and mandated by law.
The Greater Accra regional secretary of the opposition National Democratic Congress (NDC), Theophilus Tetteh Chaie, has taken a swipe at the ruling New Patriotic Party (NPP), for failing to react to the specific issues raised by the umbrella family over the use of $6.8 million for an audit report. He told host of Frontline on Rainbow Radio 87.5Fm, Kwame Tutu, he [Chaie] was disappointed in the NPP for reacting the allegations levelled against the government in a shoddy manner. The NPP has refuted allegations that government paid private firms to conduct forensic audit into activities of some former appointees under the previous NDC government. Communications Director of the NPP, Buaben Asamoa, told the press on Wednesday the NDC lied to divert attention from their corruption and rot they left. “It appears Mr. Asiedu is on a mission to make noise and hopefully boost his flagging campaign for re-election. Otherwise, no logical explanation comes easily to mind for his antics exhibited in a full blown press conference and further more on other media. We want to say that most of what he delivered were lies, speculating half truths and deliberate lies concocted in the pot of his imagination…” “Perhaps, we suspect there is a real reason why the NDC is attempting to misinform the public. Is the NDC seeking to preempt the results of the ongoing forensic audits? It beats my imagination why the NDC is rushing to discredit investigations which are yet to feed into potential prosecutions. This is the same party which challenged the whole world to prosecute them if they were found to be corrupt. What has changed? The technical support from the UNDP is part of their anti-corruption support and governance project which cost less than a $100,000. The mention, we believe of 6.8 million dollars is a total red herring aimed at diverting attention from the substantive findings of the forensic audits… It will serve the public well if Mr. Nketia will be humble enough to apologize for bringing the name of the UNDP in disrepute..” But Mr Chaie said, ‘’The issues we raised were not the issues there were addressing. The Auditor-General has said he never sanctioned the audit and yet the NPP failed to respond to the issue. They also failed to respond to the interference in the work of the Auditor-General by the Audit Service Board chair, Prof. Dua Agyeman.’’ Mr Chaie said, the Communications Director failed to react to the issues because he never understood what Mr Nketiah, the general secretary of the party said. ‘’This government is misruling this country. They have exhibited high level of incompetence. They have failed to resource the Special Prosecutor,’’ he added. Meanwhile, he has insisted that the helicopter used by Dr. Bawumia the Vice President for his donation exercise forms part of the helicopters the NPP claims are missing.
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