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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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General Overseer of the International Central Gospel Church, ICGC, Dr Mensa Otabil has indicated in a statement that, he is cooperating with ongoing probe into the collapse of Capital Bank by the Economic and Organised Crime Office (EOCO). The man of God who was board chairman for the bank before it was collapsed in 2017 said, he was not connected to the day-day management of the bank. Dr Otabil in his statement said, ‘’ Since the takeover of the bank exactly a year ago today, various mandated state institutions have been investigating and working to arrive at a comprehensive understanding of what happened, why it happened and who was responsible for what. I have been invited by EOCO and I have submitted myself to their processes and answered all their questions faithfully. For some time now, many discussion platforms have made varied references to me and to my perceived role. Some have reached out to me for clarifications regarding issues that have been raised. I have preferred not to respond in the public domain, not as an admission of guilt, but out of respect for the due process and the ongoing investigations. Notwithstanding some unforeseen outcomes, I remain resolute in my belief in the Ghanaian and African entrepreneurial spirit. I will therefore continue to lend my support and mentorship to inspire others who dare to dream and work towards the promise of Africa’s growth and transformation. Meanwhile, as a believer in the rule of law, I will continue to cooperate with the mandated institutions of state as they complete their investigations. I am confident that in the process, the national interest and the rights of all parties involved will be protected.’’ On August 14, 2017, the Bank of Ghana (BoG) revoked the license of two commercial banks-UT Bank and Capital Bank. The action was triggered by the inability of the two banks to turn around their negative capital adequacy position which has lingered on for some time now. It was believed that the continued encouragement of the operations of these institutions could endanger the banking industry as a whole and hence the action that was taken against them over the weekend. The Bank of Ghana went ahead with this action because they were not satisfied with the capital restoration plans brought forward by these two banks, and the law grants them the powers to go along this path if it is not satisfied with proposed plans from the ‘sick’ banks.
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has commissioned the Spring and Bolts Limited, one of the companies under Government’s 1-District-1-Factory initiative. The company, which is engaged in the manufacture of U-bolts, leaf springs, trailer suspension parts, bolts and nuts, can import machinery and equipment duty-free, will, amongst others, not pay duty on raw materials imported for production, and will enjoy a tax holiday for five years. Additionally, the Ministry of Trade and Industry will attach two technical experts to provide free advisory services to the company, and staff under the NABCO programme will be posted to the company. Delivering his remarks at the commissioning ceremony, President Akufo-Addo noted that a modernized economy, as he is seeking to build in Ghana, must have a strong industrial sector, and, hence, his commitment to the successful implementation of the 1-District-1-Factory initiative. The implementation of the 1-District-1-Factory initiative has received significant support from the business community, as well as from both local and international financial institutions. “As a show of support to this initiative, some local banks have pledged about GH¢2.5 billion, whilst some leading financial institutions from the UK, US and China have pledged over $700 million in credit lines to be accessed by Business Promoters. The Ministry of Trade and Industry is facilitating the engagement and negotiations between Business Promoters and these financial institutions,” the President said. Particularly happy about the commissioning of the Spring and Bolts Ltd., he noted that the company is engaged in a sector that is critical to the industrialization programme of Ghana. “The manufacture of machines, machine parts and components, as well as the development of the Automobile and Vehicle Assembly industry, are two of the strategic anchor initiatives being promoted by the Government as part of the Industrial Transformation Plan. Spring and Bolts Limited which is being commissioned is a good reflection of the potential in these two sectors,” President Akufo-Addo added. The President also revealed that “Government is also currently in negotiations with leading global vehicle manufacturing companies to establish Assembly Plants in Ghana, and, very soon, formal notification of these negotiations will be made public for the Ghanaian people”. He also told the gathering of another programme being implemented by the Ministry of Trade and Industry to link SMEs, such as Spring & Bolts, to the supply chain of big multinational companies as suppliers of critical inputs and parts. “The Industrial Sub-Contracting Exchange (SPX) has been designed to create a strategic platform for matching local SMEs to large scale companies. The outcome of this programme will enhance the productive capacities of Ghanaian SMEs and increase their revenues whiles the country will have the advantage of retaining critical foreign currency that is currently being used to import parts, raw materials and components,” he added. President Akufo-Addo congratulated Mr. George Amankwa the business promoter and Springs Bolts Ltd., and his team, for a great job done to support the industrialization drive in Ghana.
A former governor of the Bank of Ghana (BoG), Dr Asibi Abudu has said, we [Ghanaians] have a problem of glorifying dishonesty and corruption hence the scandals recorded in the banking sector. The man who also worked as Director for the International Bank in the Middle East said, there are a lot incompetent people who are able to get to key positions because of their selfish interest at the expense of average citizens. Reacting to the scandals that have hit the banking sector, Dr Abudu bemoaned the inability of authorities to invest our resources into creating more jobs for the unemployed and rather allowing these resources to go waste. In his view, there are people at the Central Bank who are able to conspire with others to manipulate the system and rob Ghanaians. He wondered why people are promoted when they fail on their jobs. He called for the prosecution of all those who cheated and are found guilty of deliberate negligence, a situation which has led to the collapse of 7 local banks in two years. He said, if we have leadership being honest everywhere we go, we shall make progress. ‘’But as far as we have so many dishonest people who are supported politically, and also by some of our own chiefs, to stay there and cheat, then what message are we sending to the younger people? Dishonesty is not only in the financial sector but also across all spheres of life including universities where students cheat to pass their exams, he added. ‘’We need a system that can clean the corrupt system- to start with all those big fish who have been cheating; the people who have not been doing their work in supervising correctly; like the Bank of Ghana and the private banks.’’ Dr Abudu believes the challenges confronting us are also based on the fact that we have not had visionary leaders but rather leaders are dishonest. The economist who was speaking to Kwame Tutu, host of Frontline on Rainbow Radio 87.5Fm, called for an independent investigation into the collapse of the banks by foreign bodies. ‘’If you get a thief to investigate another thief, you are not going to get something solid out of that. I am not saying that some of our investigators are thieves. There are honest people in this country…But we need somebody whose eyes are different…the president can also do this. He has the power to do this.''
General Overseer of the International Central Gospel Church, Dr Mensa Otabil has reacted to the collapse of Capital Bank, a bank he was once it's board chair. The man of God in the statement reacted to references made to him over the collapse of the bank indicating that, his role was a non-executive one and was not involved in the day to day management of the bank. Dr Otabil also said the statement that, he accepted the role because he saw potential in the owner who had plans to establish an enterprise that was aimed at creating jobs for Ghanaians. He also noted the bank had plans despite its challenges. He has promised to subject himself to any probe and has revealed was invited by EOCO and furnished it with the needed details. Read below the full statement Re: Capital Bank And Related Matters Greetings! 1. I have observed with concern, the ongoing media discussions regarding developments in the Banking Sector and my role either directly or indirectly. 2. I accepted to be Board Chairman of Capital Bank in a bid to help strengthen a promising Ghanaian enterprise that had potential but also challenges. I was excited about the prospects of a young man from a disadvantaged background who was daring to create opportunities and employment. 3. My position was a non-executive role. I was therefore not involved in the day-to-day management and operations of the Bank. 4. In the course of time, some decisions made turned out well while some did not turn out as well as had been anticipated. As far as I can tell, everything was done with the best of intentions and the interest of various stakeholders in mind. 5. My foremost concern, as has been the case over the past year, is for the well-being of those who lost their jobs and those who may have been adversely affected in any way as a result of these developments. My heart goes out to them and to their dependents. I continue to pray for God’s guidance and sustenance as they navigate the course of their lives. 6. Since the takeover of the bank exactly a year ago today, various mandated state institutions have been investigating and working to arrive at a comprehensive understanding of what happened, why it happened and who was responsible for what. I have been invited by EOCO and I have submitted myself to their processes and answered all their questions faithfully. 7. For some time now, many discussion platforms have made varied references to me and to my perceived role. Some have reached out to me for clarifications regarding issues that have been raised. I have preferred not to respond in the public domain, not as an admission of guilt, but out of respect for the due process and the ongoing investigations. 8. Notwithstanding some unforeseen outcomes, I remain resolute in my belief in the Ghanaian and African entrepreneurial spirit. I will therefore continue to lend my support and mentorship to inspire others who dare to dream and work towards the promise of Africa’s growth and transformation. 9. Meanwhile, as a believer in the rule of law, I will continue to cooperate with the mandated institutions of state as they complete their investigations. I am confident that in the process, the national interest and the rights of all parties involved will be protected. Shalom, peace and life to you. ME: Was Pastor Mensa Otabil 'misled' too? What information was contained in the documents he signed to close the banking year for the defunct Capital bank? Did he read?
It has emerged that the Ministry of Finance and the Controller and Accountant General’s Department failed to capture three important transactions in their books. The transactions were, a 3.8 million dollars Judgment debt awarded to the country against Dunkwa Continental Mining Co. Ltd, repayments of GHc51 million judgment debt paid to businessman, Alfred Agbeshie Woyome and over 15 million Euros loan to the National Investment Bank were all hidden from the auditors in 2016. The 2017 Auditor General’s report said: “I again observed that, three transactions, including two court judgments detailed below, were not captured by the MoF [Ministry of Finance] and the CAGD [Controller and Accountant General’s Department] in their books, as a result, these were omitted in the CF accounts.’’ This came to light at the opening of the Public Accounts Committee sitting today [Monday]. Reporting from the sitting, Rainbow Radio’s Parliamentary correspondent, Afia Kwarteng said, the Deputy Finance Minister, Abena Osei Asare and Controller and Accountant General, Eugene Asante Ofosu-Hene, argued that owners of the mining company could not be traced for recovery of the judgment debt after the international court order.
The Economic Fighters League have submitted a petition to the Speaker of Parliament, Prof. Aaron Mike Oquaye demanding that he declares the seats of 54 absentee MPs vacant. The pressure group's petition is premised on the work of Odikro, a civil society movement. They believe it has been established beyond reasonable doubt that these MPs have violated article 97 (1) (c) of the 1992 constitution. The petition, which was signed by Hardi Yakubu-Fighter General, quoted the provision in the above article, which mandates MPs to seek permission before absenting themselves from parliament. However, in the case of the 54 MPs, have failed to give reasonable explanation for being absent. The statement in parts read: ‘’absenteeism not only deprives us, the people of proper representation in Parliament, it can only lead to poor scrutiny of bills, agreements and other Executive actions. It also costs us money.’’ The Odikro report recorded that the 54 MPs were absent from 15 sittings without a reasonable explanation to the Privileges Committee and so, ‘’having established that these MPs have violated article 97 (1) (c) of the 1992 constitution as well as the standing orders of parliament, as the records show, we hereby demand that you declare their seats vacant in accordance with the constitution, which you have sworn an oath to uphold and defend. Doing nothing about this chronic absenteeism make nonsense of the constitution and confirms the view that the laws of Ghana only works when some classes of citizens are involved and are impotent when others are involved.’’ The affected MPs are: Eric Kwakye Dafour, MP for Nkawkaw; Dr Matthew Opoku Prempeh, MP for Manyhia South; Elizabeth Afoley Quaye, MP Krowor; Samuel Atta Akyea, MP Abuakwa South; Dr Kwaku Afriyie, MP Sefwi Wiawso; Mrs Ursula Owusu-Erkuful, MP Ablekuma West; Ignatius Baffour Awuah, Sunyani West MP; Catherine Afeku, Evalue Ajomoro Gwira; Kwaku Agyemang-Manu, Dormaa Central MP; Kwasi Amoako Arthur, Atiwa West MP; Joe Ghartey, Essikadu/Ketan MP; Ambrose Dery, Nandom MP; Dominic Bingab Aduna Nitiwul, Bimbilla MP; Ms Shirley Ayorkor Botchwey, MP Anyaa Sowutuom; Joseph Kofi Adda, Navrongo Central MP; Joseph Tetteh, Upper Manya Krobo and Solomon Namiliit Boar, Bunkrugu MP. The others are: William Okraku Aidoo, Afigya Kwabre South MP; Kwaku Agyenim-Boateng, Berekum West MP; Tina Gifty Mensah, WEIJA Gbawe MP; Benito Owusu-Bio, Atwima-Nwabiagya North MP; Gifty Twum-Ampofo, Abuakwa North MP; Kwame Okyere Darko-Mensah, Takoradi MP; Kingsley Aboagye Gyedu, Bibiani Awiaso Bekwai MP; Carlos Ahenkorah, Tema West MP; Paul Essien, Jomoro MP; Evans Opoku Bobie, Asunafo North MP; Alhaji Habibu Tijani Mohammed, Yendi MP; William Kwesi Sabi, Dormaa East MP; Osei Bonsu Amoah, Akwapim South MP; Francis Ato Kojo, Ekumfi MP; Ms Freda Prempeh, Tano North MP; Daniel Nii Titus Glover, Tema East MP and Anthony Karbo, Lawra MP. The rest are: Charles Binipom Bintin, Saboba MP; Sampson Ahi, Bodi MP; Dr Dominic Ayine, Bolgatanga East MP; Ahmed Arthur, Okaikwei South MP; Joseph B. Dehah, Asutifi North MP; Ken Ohene Agyapong, Assin Central MP; Ben A, Bandah, Offinso South; Kofi Otchere Agyekum, Fanteakwa South, Dr Kwabena Twum-Nuamah, Berekum East MP; Cassiel Ato Forson, Ajumako/Enyam/Essiam MP; Mrs Queenstar Pokua Sawyerr, Agona East MP; Mathias Kwame Ntow, Aowin MP; Kwaku Asante Boateng, Asante Akim South MP; Kobina Tahir Hammond, Adansi Asokwa MP; Emmanuel Nii Okai Laryea, Amasaman MP; Rev John Ntim Fordjour, Assin South MP; Eric Afful, Amenfi West MP; Samuel Ayeh-Paye, Ayensuano MP; Samuel Nartey George, Ningo Prampram MP and Alban Sumana Kingsford Bagbin, Nadowli Kaleo constituency. The report was on the First Session of the Seventh Parliament 2017.
Award winning investigative journalist, Anas Aremeyaw Anas and some other journalists contracted by BBC to investigate a series of mysterious murders in Malawi have narrowly escaped death. The team were working undercover to expose men who claim to suck the blood of children to make get-rich amulets when they were attacked by a crowd of furious villagers. The award journalist was on the mission with Henry Mhango and Darius Bazargan. The journalist according to information available posed as a businessman during the investigation hoping to increase his wealth through “muti” magic [witch doctors who use the parts of human body to make charm for their clients]. He and his crew met with one Kamanga, a “muti” killer who claims to suck the blood of children to make get-rich amulets. Anas and his crew were discussing with Kamanga, when they were attacked by a crowd of furious villagers who thought they were the killers.
The Vice President of the Republic, Dr Mahamudu Bawumia, has cut sod for work to begin on the construction of 320 Housing units for the Ghana Police Service. The Police Housing project, which will be made up of 112 two bedroom apartments, and 208 three bedroom apartments, will be constructed as part of Government’s plan to provide decent accommodation for the security services and other government agencies. An additional 10,000 housing units for the security agencies are also expected to be constructed under the Infrastructure for Bauxite barter arrangement between the Government of Ghana and Sinohydro Corporation/the Chinese Government negotiated by the Vice President as part of his official visit to China last year. The 10,000 housing units for the security services under the Sinohydro project will be the largest single undertaking of its kind since independence, Vice President Bawumia announced at the ceremony, held at the National Police Training School at Tesano, Accra on Monday 13th August, 2018. “I would like to assure the Security Services that this project will not be the last. Government has reached advanced stages with Sinohydro Corporation Limited for the construction of houses and court structures for the Ghana Armed Forces, Ghana Police Service, Ghana Prisons Service, Ghana Immigration Service, Ghana National Fire Services and the Judicial Service.” All over the country, police personnel are not properly housed. Some live in rented civilian accommodation, scattered in towns and cities, which have the real tendency to hamper emergency mobilization of forces, efficient coordination and command effectiveness. Government, the Vice President, assured, is also working to address the national housing deficit, which is estimated to be in excess of 1.7 million units and could rise to 2 million by 2020, through the implementation of policies and programmes designed to create a functioning mortgage market. “The solution to Ghana’s housing deficit problem does not however depend on the public sector alone. The private sector is key. For the private sector to fill the gap, Ghana must have a functioning mortgage market with lower interest rates. “To accomplish this, Government is implementing a number of initiatives including the land registry digitization project, Digital Case tracking system for the courts, the National ID Card, the Digital Address System, and ensuring macroeconomic stability,” the Vice President indicated. Vice President Bawumia urged the Ghana Police Service to strive to meet the highest standards of professionalism in the discharge of their duties to the nation ass government works to address their accommodation and other challenges. Also present at the ceremony were the Minister for Interior, Hon Ambrose Dery; Minister for Works and Housing, Hon Samuel Atta Akyea; Inspector General of Police David AsanteApeatu; members of the Police Council, as well senior and junior officers of the Ghana Police Service.
The Government of the President of the Republic, Nana Addo Dankwa Akufo-Addo, has employed some twenty thousand (20,000) young men and women across the country to help manage the country’s forests, combat desertification, halt and reverse land degradation, and halt biodiversity loss. Speaking at the launch of the Youth in Afforestation Programme, on Monday, 13th August, 2018, at Jubilee Park, Kumasi, President Akufo-Addo stated that the launch of the programme is in line with the NPP’s 2016 manifesto commitment of reforestation, forest rehabilitation and forest protection activities. “That is why, today, we are deploying an army of twenty thousand young men and women who are going to help restore our degraded forests. The Programme, which has an initial two-year life span, will be extended based on satisfactory results,” he said. President Akufo-Addo was, nonetheless, confident that the initial phase of the Programme will be a success, and indicated that Government has already begun preparations for the second and subsequent phases of the programme. With some sixty thousand applications received by the Forestry Commission for employment, and with only twenty thousand recruited, President Akufo-Addo assured that all hope is not lost for the forty thousand unsuccessful applicants. “I am engaging with the Minister for Finance to seek additional funds to support this programme, so that these remaining applicants can be recruited. The Forestry Commission is also examining actively how it can also use some of its internally generated funds to support the programme,” he said. President Akufo-Addo reiterated the commitment of his Government to rolling out policy initiatives which will create jobs for the teeming masses of Ghanaian youth. He noted further that the importance of the Youth in Afforestation Programme should not be lost on anyone, as “what we make of our natural resources would be what determines our existence.” The President reaffirmed that his Government is in full support of every action that prevents forest degradation and deforestation, and also increased the country’s forest cover, citing the fight against galamsey as a case in point. “It is my hope that, in the next ten years, God willing, Ghana will be green again, as all trees, which are being planted today, will be nurtured to grow and increase the forest cover, and help us also to reduce emissions from deforestation and forest degradation,” he said. President Akufo-Addo urged the twenty thousand young men and women employed in the Programme to be diligent in the discharge of their duties, stressing that “all the trees you are planting today will go a long way to saving our lives and the lives of generations unborn,” President Akufo-Addo added.
An expert in security, foreign conflict and terrorism, Mr Adib Saani, has called on authorities to retool the police service with the needed resources to help them fight crime in the country. Many criminal elements he said have been emboldened over the years because they feel they can match the police boot for boot. These criminals he stated have sophisticated weapons that are far advanced than what the police are using to fight crime. Speaking in an interview with Nyankonton Mu Nsem on Rainbow Radio 87.5Fm, the expert underscored the need for the police to be armed with the necessary logistics to ‘’the teeth’’ so they can fight crime. He also touched on the need for the police to be given the needed tactical training to fight modern day crime. Mr Saani also advised the police to be circumspect when responding to crime. Armed robbery is a serious business and the best way the police can match such activities is to be tactical, he explained. The police service should also overhaul its training regime of police officers in line with 21st century modern crime fighting techniques to an appreciable level where we can restore some level of confidence in the police service, he suggested. He was reacting to the shooting of some four police officers at Zambra Line by suspected armed robbers. DCOP George Alex Mensah, the Greater Accra Regional Police Commander confirmed that the officers from the Accra Regional Operations Unit were caught unawares by the gunman. He said: "We are praying that the one who is in critical condition will also be well soon... From what we've heard it was not a shootout it was just an instant shooting at the policemen surprisingly because they thought they were going to get down and find out from the people over there what was going on, not knowing that, those people were armed already for the police officers. So, it was just a surprise shooting at the police officers". They have gone to the area after receiving a distress call from a resident. A civilian was also shot in an attempt to escape from the attack.
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