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Rainbow Radio - Items filtered by date: Tuesday, 05 September 2017
A communicator with the National Democratic Congress (NDC), Eric Appiah Adjei has indicated that, the implementation of the free education policy will not be from  Nana Addo’s pocket money but from the tax payer. Speaking on Frontline on Rainbow Radio 87.5Fm, he said he fully supports the free senior high school however; protocol and some challenges are affecting the smooth delivery of the policy. He said, some parents are stranded because their wards have not been posted despite qualifying for the free senior high school. ‘’The free education should come. I am a Ghanaian citizen and I support it because the implementation of the policy is not going to be from Nana Addo’s pocket money but from the tax payer’s money.’’ Eric Appiah Adjei opined that the budget read by the Finance Minister early this year, did not touch on whether the uncompleted educational infrastructure by the previous administration would be completed. The implementation of free education he stressed should be premised on quality and accessibility and not just wholesale implementation saddled with challenges. In a rebuttal, NPP’s communicator, Nana Kwame Asafo Agyei posited that, the free education policy under this government is totally comprehensive as compared to NDC’s progressively free. He insisted that the policy will cater for beneficiaries’ fees and parents would not be allowed to pay a penny when their wards are admitted in school. Deputy Education Minister Dr. Yaw Osei Adutwum on Monday held a press conference where he gave the assurance that all was set for the policy implementation. “Whatever we need to put in place has been put in place...core text books have been distributed throughout the country. It has never happened before. ‘’The good news is that we didn’t want them to wait till the second year before we bring them the second year book, the third year we bring them the third year book. So when I spoke to one headmaster he said I have my first-year mathematics books, second-year mathematics books, and third-year mathematics so I don’t have to worry about the next three years. “We really want to prepare. As you can see from our logo, this is not just about access. It is also about quality," he stated. “…I don’t want a child to be sent back home because of a fee item and Nana Addo Dankwa doesn’t want that to happen. He in his mind is saying everything must be free and in practice he wants it to be free. “..The idea is that we don’t want to put any impediment on any parent,” he stated. Out of the total number of 460,941 registered candidates, 424,092 candidates representing 92% qualified to be placed on the Computerized School Selection System Placements (CSSPS). Those who had challenges with their posting were asked to post themselves to preferred schools. Meanwhile, a new website was launched today [Tuesday] after numerous complaints from parents and their wards who visited the previous website to select their schools. Officials say the new website www.cssps.gov.gh should resolve the challenges. The Service has also extended the deadline for the self-placement to Thursday, September 7, 2017. In a statement, the Education Ministry said it has been “working with the National Information Technology Agency to resolve this challenge and wishes to assure the general public of immediate full access.”
Published in General News
Some students who have completed their education from the various technical universities, held a demonstration today [Tuesday] to register their displeasure at government’s inability to constitute a governing council to graduate them. According to the students, they consider this to be an act of injustice meted out to them. The graduates further described the situation as unfair as they have completed school over a year now but without certificates, to enable them look for jobs and further their education. They also added that, their action has become necessary since all efforts to get the attention of the ministry of education have proved futile. A demonstrator said, ''we are telling the president to institute the polytechnic council now so that certificates can be issued to us so we can also look for jobs. Another demonstrator said, we can no longer have patience until the various polytechnic councils are constituted.
Published in General News
The National Service Secretariat has denied claims of service personnel devoting their monthly allowance to support government’s free senior high school policy. Public Relations Officer (PRO) for NSS Ambrose Entsiwah in an interview with Nyankonton Mu Nsem on Rainbow Radio 87.5Fm said, it is untrue that personnel of NSS have devoted their allowances for the implementation of the policy. He also asked the public to treat with contempt any statement purported to have been signed by the Acting Director of NSS on the same issue. He stressed that government has made provision for the policy and it will not be allowances meant for NSS personnel that would be used to implement the free SHS. The scheme he noted has made prompt payments and so it would be unfortunate for anyone to make claims that service personnel are not receiving their allowances on time. He said, no one should panic over the false statement because we have not taken such a decision neither are we are going to do same.
Published in General News
The Minority has hinted that if by the end of this year, boards and councils of the various institutions are not properly constituted, they will not recognize any expenditure accredited to these institutions. Minority leader Haruna Iddrissu addressing a press conference today [Tuesday], charged President Nana Addo Dankwa Akufo-Addo, to with immediate effect appoint  Boards of Directors for all government entities to ensure best corporate governance practices in the country. They have tagged the president as ‘’Nana go Slow’’ because his claim to be in a hurry to deliver on his promises during his swearing in ceremony,  has been defeated by his failure to appoint the directors and councils for the various state institutions. The Minority quizzed whether the non-constitution of the board of many critical institutions of the country ‘’a deliberate attempt by government to usurp the functions of the governing boards and take illegal and appropriate decisions. The Minority leader lamented that the non-constitution of the various boards has affected academic work in our various tertiary institutions. The Minority also accused the Finance Minister Ken Ofori-Atta of contravening best practice by approving a credit facility of GHc10,459,500 from the Agricultural Development Bank (adb) to MacDan Shipping Company. According to them, the selection of the beneficiary company in the award of this contract raises serious conflict of interest issues that must be addressed since it was the same company that allegedly facilitated the smuggling into Ghana of some South African mercenaries by the then opposition to train their militant group.’’ The Minority said the Minister of Finance has by this action usurped the authority and functions of the Bank’s directors, which has curiously not been constituted despite several reminders and complains. In the view of the Minority, best corporate governance practice requires that the board of directors of the bank, which is vested with the responsibility of overseeing the management and government of the bank approves or sanctions financial transactions of the bank. They have therefore called on President Akufo-Addo to reverse the order of the Minister. ‘’It is clear that the decision to award this contract and loan to MacDan in clear breach of due process , was influenced by political considerations arising out of a desire to reward an entity that assisted the NPP in its activities while in opposition. This adds to a growing list of conflict of interest situations in which the Finance Minister seems to be entangled- the USD 2.25 bond, as well as the appointment of close relatives and his business associates to key positions at the Finance Ministry, the Bank of Ghana and a number of other state institutions. The nepotism and blatant partisanship that is gaining root in this administration is becoming increasingly worrying,’’ a statement said.
Published in General News
The Minority Leader Haruna Iddrisu has said the minority is seeking an expert advice before they will officially make a comment on the controversial $72 million SSNIT software saga. According to the Minority leader, his side will not rush in making any comment over the issue. He made the remarks when he was asked why his side has failed to officially state a position on the matter at a press briefing today [Tuesday]. "I’m studying the subject with some experts,” Mr Haruna Iddrisu told journalists at a press conference on Tuesday, 5 September when asked why the Minority has been silent on the matter since it came into the public domain. "Don’t forget that myself I was the Minister who oversaw pensions and I do have a position on the prudent management of pension resources", the Tamale South MP said, adding" "At the appropriate time when I’m satisfied with the details, we would address the public on this and many issues." He continued: "…In fact last week, there was a meeting on the particular subject. … We don’t just want to talk as a Minority, I need expert advice. … We are studying; we don’t want to be a Minority that just rushes to say [things]".
Published in General News
The Minority in Parliament has accused Finance Minister Ken Ofori-Atta of flouting corporate banking rules for political interest. At a press briefing which was addressed by the Minority leader Haruna Iddrissu, the caucus said the Minister   breached the procurement Act when he awarded a GHȻ10m COCOBOD contract to a private businessman. According to him,  the contract given to McDan Shipping Company Limited, did not pass through the Central Tender Review committee. The MPs say the contract was awarded on June 9, 2017, but the Review committee which is to do the approval was only constituted on August 1, 2017. According to them, the selection of the beneficiary company in the award of this contract raises serious conflict of interest issues that must be addressed since it was the same company that allegedly facilitated the smuggling into Ghana of some South African mercenaries by the then opposition to train their militant group.’’ The Minority said the Minister of Finance has by this action usurped the authority and functions of the Bank’s directors, which has curiously not been constituted despite several reminders and complains. In the view of the Minority, best corporate governance practice requires that the board of directors of the bank, which is vested with the responsibility of overseeing the management and government of the bank approves or sanctions financial transactions of the bank. They have therefore called on President Akufo-Addo to reverse the order of the Minister. Below is the full statement MINORITY NDC IN PARLIAMENT  PRESS STATEMENT MINISTER FOR FINANCE FLOUTING CORPORATE & BANKING RULES FOR POLITICAL INTERESTS The Minority NDC in Parliament has received with shock details of yet another action taken by the Minister for Finance, Hon. Ken Ofori-Atta, which is not only a usurpation of the role of the Board of Directors of a listed company, the Agricultural Development Bank (ADB), but also a confirmation of the increasing cases of financial and procurement malfeasance being superintended by the Minister. At a time the country, shareholders, customers and taxpayers of commercial banks, continue to wait for more information on Ghana Commercial Bank’s takeover of two banks, the Minority has in its possession a letter dated 9th June, 2017 with Reference No. PID/PEU/01/2017 and signed by Hon. Ofori-Atta giving approval for a loan of GH¢10,459,500 from the ADB to MacDan Shipping Company Limited. The letter addressed to the Managing Director of the ADB with the heading, RE: APPROVAL OF CREDIT FACILITIES – MACDAN SHIPPING COMPANY LTD states in paragraph 2 that: “Approval is hereby granted you to disburse a credit facility in the sum of GH₵10,459,500.00 (Ten Million, Four Hundred and Fifty-Nine Thousand, and Five Hundred Ghana Cedis) to MacDan Shipping Company Ltd. This is to enable the company undertake its business operations and in particular to execute a supply contract awarded to it by the Ghana Cocobod.” The Minister has by this action usurped the authority and functions of the Bank’s Board of Directors, which has curiously not been constituted despite several reminders and complains. Furthermore, it clear that no due diligence was conducted by even the management of the bank before the Minister’s approval. Best corporate governance practice requires that the Board of Directors of a Bank, which is vested with the responsibility of overseeing the management and governance of the Bank, approves or sanctions financial transactions of the Bank. The rationale for such a provision is to ensure that due diligence is done before any financial commitment is made. This provision ensures that the financial risk and exposure of a Bank are reduced to the barest minimum if not completely eliminated, to ensure that shareholders are well protected. The unduly delay in the constitution of the Boards of many critical institutions of the country could legitimately be construed as a deliberate attempt by the Akufo Addo Government to usurp the functions of the governing boards and take illegal and inappropriate decisions in favour of its cronies like the MacDan loan approval. Does the Minister for Finance have the authority to assume the role of management and the Board of Directors of a listed company, in this case the Agricultural Development Bank, to approve a loan of such an amount? We note that the ADB has Minority Shareholders, as is the case with the Ghana Commercial Bank which took over Capital and UT Banks (also a listed entity). We consider the usurpation of the responsibility of the Board of Directors of a Listed Company to authorize the disbursement of a loan of such an amount without due diligence and recourse to the law as irregular and a clear violation of the law. A number of Banks in Ghana are currently in distress due to non-performing loans and, in the case of some state banks, poor corporate governance practice. One would have expected that the Minister for Finance would steer clear of interfering with the mandate of the Board of Directors of a Listed Company in order not to compromise corporate governance and increase fiscal risks. PROCUREMENT ISSUES: The contract for which authorization of the ADB loan was approved by the Minister for Finance, we are told, originated from the Ghana Cocoa Board. Serious questions arise from what seems to be a clear abuse of the procurement process Was the contract awarded using the ‘Sole Sourcing’ procurement process? If the answer is "yes", then the law requires that approval be sought from the Public Procurement Authority (PPA). As at now, the PPA has no Board, so who granted approval for the use of the sole sourcing process to the Ghana Cocoa Board? Have the procurement laws of the nation been adhered to? Was the contract awarded through a Competitive Tendering procurement process? If this was done, the value of the contract (GH¢10.46 million) would dictate that it goes through the Central Tender Review Board (CTRB). As at the time the contract was awarded, the CTRB was not in place. Using the Competitive Tendering procurement process without recourse to this critical government entity would also constitute a violation of the procurement laws of the nation. It seems clear that whatever process was used in awarding the contract could not have been in line with the procurement laws of the nation. The selection of the beneficiary company in the award of this contract raises serious conflict of interest issues that must be addressed since it is the same MACDAN SHIPPING COMPANY that is alleged to have facilitated the smuggling into Ghana of some South African mercenaries by the then Opposition NPP to train their militant groups. Given the key role played by the current Finance Minister in the campaign and related activities of the NPP, the hasty unilateral approval of this loan in breach of laid down laws and procedures raises serious questions. It is clear that the decision to award this contract and loan to MacDan in clear breach of due process , was influenced by political considerations arising out of a desire to reward an entity that assisted the NPP in its activities while in opposition. This adds to a growing list of conflict of interest situations in which the Finance Minister seems to be entangled- the USD 2.25 bond, as well as the appointment of close relatives and his business associates to key positions at the Finance Ministry, the Bank of Ghana and a number of other state institutions. The nepotism and blatant partisanship that is gaining root in this administration is becoming increasingly worrying. Conclusion In conclusion, we reiterate the need to appoint Boards of Directors for all government entities to ensure best corporate governance practices in the country. We call on President Nana Akufo-Addo to direct a reversal of these illegal decisions and acts of malfeasance as well as take appropriate steps to restore good corporate governance practices in our state-owned enterprises, in this case ADB. Finally we wish to make clear to the President and his cousin the Finance Minister, that the resources of Ghana and it's public institutions do not exist for the betterment of their family and friends.Those resources belong to all Ghanaians hence the brazen distribution of same to family members,business associates and friends without recourse to due process must be curtailed. Thank you.
Published in Business
Gospel musician Nicholas Omane Acheampong, says he is still alive despite the curse placed on him by actor Clement Bonney aka Mr. Beautiful. According to him, not a single strand of hair has fallen off his head and he will insist that, ''I will not die before my time''. He has also disputed claims that his latest track was recorded to attack Mr. Beautiful who traded insults with him on the same show few weeks ago. Mr. Beautiful had stated that he was angry at the "Tabitha Kum" singer for allegedly speaking ill of Prophet Emmanuel Badu Kobi. The musician was reported to have benefited from the fleet of cars donated to some celebrities by Prophet Kobi but according to Mr.Beautiful, the gospel act was not being truthful about the circumstances surrounding the vehicle gift. Mr. Beautiful cursed the musician and told him he will crash to death with the car but Nicholas Omane Acheampong says he will not die before his time. He also disclosed that he was not an active member of the Glorious Wave Revival Ministries but was a visiting member. ‘’I was not really a church member but I had a good relationship with the Prophet. I had been with Prophet Kobi for over 15 years.’ He can vouch for my loyalty.'’ According to him, he was an active member of the Catholic Church but due to his music career, he had to move to the Charismatic Church. Nicholas Omane Acheampong said he will not comment on the banter that went on between him and Mr. Beaitful but has advised him to revoke his curse or face the consequences. ‘’Tell Mr. Beautiful to find a way to reverse the curse otherwise the curse will work, however; it will bounce back to him. I have nothing against him. He has not given me anything before and so I will advice Mr. Beautiful, to reverse the curse or it will hit him. Those who know Mr. Beautiful should call and advise him,'' he stated, On the car that led to the curse, he revealed to the host that three weeks after he was gifted with the car, it was taken away from him and a new one replaced and so, ''I will ask the media to go and ask Mr. Beautiful to explain his allegations because whatever he said some few weeks ago, were unfounded and baseless. ‘’The Prophet said he never asked Mr. Beautiful to make those comments and so Mr. Beautiful should  reverse his curse. The curse will not affect me but him,'’ he stressed
Published in Entertainment
Gospel musician Nicholas Omane Acheampong has revealed on GH Entertainment that he has never been married but have children. Speaking to Agyemang Prempeh on Rainbow Radio 87.5Fm, the controversial musician said he is now preparing to tie the knot. The host asked the musician, ‘’do you have a wife? And in his answer he said, ''I am now preparing to tie the knot. I have never been married.’ When asked if he had his children out of wedlock he said, I do not want explain how I had my children. That will be for another day.’’ On the number of children he said, I have been blessed with his own children both biologically and adopted. He however failed to disclose the number of biological children to the host.
Published in Entertainment
According to a recent report, the National Health Insurance Scheme (NHIS), which has received worldwide acclamation, is gradually losing financial stamina for survival. The Scheme is projected to face a challenge of a funding gap to a tune of GHC458.25 million by 2019. This is according to the National Health Insurance Fund (NHIF) Allocation Formula 2017 report. ”Additional funding to the tune of GHC379 million is required from government to fully settle expected claims indebtedness for the year 2017. The above projection assumes that the additional funding for claims payment in 2017 will be catered for in the 2018 fiscal year. ”In effect, projected income and expenditure for both 2018 and 2019 will show an excess of income over expenditure, amounting to GHC0.61million and GHC45825m respectively,” the report asserted. The Scheme which is managed by the National Health Insurance Authority (NHIA), was allocated GHC1.8m for 2017 comprising statutory and Internally Generated Funds (IGF) excluding funding gap. But, total receipts, including funding gap amounted to GHC2.25m for 2017. The report further noted that the projections were based on trends in average growth rates in each income and expenditure. line item from the year 2014 to 2016, except for statutory incomes (NHIL and SSNIT) which were sourced directly g from the annual budget statement for 2017.  It is anticipated that cost of items will not go beyond 20 percent higher than the preceding year' s expenditure line items.  However, expenditure to the Ministry of Health is capped at GHC145 million for the next two years, in order to stay within the statutory limit of 10 percent of total expenditure of the allocated fund. Source: Economy Times
Published in General News
%AM, %05 %355 %2017 %07:%Sep

Queen of Denmark to visit Ghana

The Queen of Denmark, Margrethe II, will pay a state visit to Ghana from Thursday, November 23 to Friday, November 24. A statement from the Danish Embassy said the visit  follows an invitation from President Nana Addo Dankwa Akufo-Addo to the country’s Head of State.  ‘’The state visit will emphasize and consolidate the long-standing and well-established relationship between Ghana and Denmark, while at the same time marking the gradual transition from aid to trade,” the statement added. According to the statement, this visit by the Queen, who will be joined by representatives of Danish companies and business organisations, is expected to strengthen those bonds. “During many years, Denmark through the Danida Development Cooperation has played an important role in developing key sectors and institutions in Ghana. With Ghana’s graduation to a middle-income country and the prospects of sustainable economic growth, Denmark is gradually transitioning from development cooperation to trade cooperation in line with the visions by the Government of Ghana,” the Embassy said. The visit will also include seminars and meetings under the theme “Ghana – an Emerging Market within Reach” which will focus on food and agriculture, sustainability, and maritime, infrastructure and railways. The Danish Queen is expected to attend the opening of the conference and pay visits to several local business and cultural institutions.
Published in General News
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