Login to your account

Username *
Password *
Remember Me
Rainbow Radio - Items filtered by date: Thursday, 16 August 2018
Ghana fencing team failed to participate in this year junior and cadet fencing commonwealth games in the United Kingdom (UK). The inability of the team to participate in the games was due to lack of funds. Speaking to Nhyiraba Kwabena Asirifi on Rainbow Sports today [Thursday], captain of the team, Iddrisu Bashiru, revealed that, they were waiting for approval from the ministry to support them in this year’s commonwealth championship but “we have made every attempt to contact the minister but to avail”. He disclosed that, the minister gave them strong assurance of support from government so they could participate in the games. However, one week to the event, he failed to pick our calls or reply our messages.'' According to him, this is the third time the minister has disappointed the team, adding, the team participated in similar events in Ivory Coast and Nigeria and placed second on the medal table but the ministry failed to offer any form of support. ‘’This would have been Ghana’s first time participating in the commonwealth championship but we failed to make it to the championship due to lack of funds. It is not only discouraging but also worrying, he lamented. He further elaborated that the association organized inter-schools games recently but the minister failed to show interest in the games. ‘’People have not heard about fencing but the minister knows about it and should have created publicity for it,’’ he opined. ‘’The minister’s focus is on football, but fencing has created employment for us. We are appealing to the ministry to show interest in other sporting activities just like football. We do not have to rely only on football and deprive the other sporting activities, he noted. Fencing is a group of three related combat sports. The three disciplines in modern fencing are the foil, the épée, and the sabre; winning points are made through the contact with an opponent. By: Isaac Mortey (Intern, Rainbow)
Published in Sports
Medical professionals at the Tamale Teaching Hospital have called off their strike action, rainbowradioonline.com has gathereThe medical professionals laid down their tools few days ago following the attack on the CEO, Dr David Kolbila who was chased out of office by some pro-NPP youth groups. The workers among other demands called for the arrest and prosecution of the attackers. They called off the strike following the intervention of some prominent leaders including chiefs in the Northern Region. Meanwhile, ringleader of the attackers, Alhaji Baba Alhassan has been arrested. Baba Alhassan was picked up Thursday morning, a day after four others who were earlier arrested were released for lack of evidence. The ringleader and his men invaded the offices of the Tamale Teaching Hospital in vigilante style and instructed the CEO of the hospital Dr David Zaawumya Akolbila to walk out and hand over the keys. In a related development, the Regent of Dagbon, Kampakuya Naa Abdulai Yakubu Andani has issued a statement and condemned that unlawful act. Below is the letter: CONDEMNATION OF THE ATTACK BY SOME YOUTH ON THE TAMALE TEACHING HOSPITAL As the Regent of Dagbↄŋ and Acting President of the Dagbↄŋ Traditional Council, I have received the disturbing news on the attack and locking up of the office of the Chief Executive Officer, Dr. David Kolbila of the Tamale Teaching Hospital (TTH) on Monday 13th August 2018. It is regrettable that these acts of lawlessness are happening in Ghana, particularly in Tamale. I wish to, in compelling terms, condemn this criminal act of the youth group involved in this attack on the health facility. There is no justification for such criminal conduct on public office holders. I have learned that the group has made allegations of impropriety on the part of the CEO, but this is indeed not the way to go. If there is evidence of impropriety that should be presented to the appropriate authority for the investigation and redress. The youth must know that there are laid procedures for dealing with allegations of impropriety in public institutions. Therefore they should refrain from taking the law into their own hands to engage in acts of lawlessness. I wish to call on the security agencies, particularly the Ghana Police Service, the military and the Regional Security Council to be proactive in preventing the occurrence of such acts of lawlessness in the Northern Region. I am urging them to do whatever is in their power to arrest, investigate and prosecute all those are involved in the attack. I am also calling on the government to empower the security agencies to deal with any youth group w hich attacks public officers and citizens. It has come to my notice that you have embarked on strike action. I want to personally appeal to all the workers at TTH to exercise restraint and continue with their humanitarian services to our people. I am calling on all of you to go back to work while we collaborate with each other to address your concerns. This is because when you are on strike, it is the patients and innocent citizens who suffer. We must work towards establishing a secured and guaranteed work environment at TTH to protect the safety of all the workers and the patients in the facility. I implore you to go back to your work, the people of Ghana, particularly the residents in Tamale and its environs love and cherish the services you provide to us, and would not sit unconcern while these injustices being visited on you. We are with you in these trying times, my chiefs and I will continue to support you to perform your duties. Please return to your work to attend to patients and save lives. SIGNED REGENT OF DAGↃŊ (KAMPAKUYA-NAA ANDANI YAKUBU ABDULAI)
Published in General News
%PM, %16 %804 %2018 %18:%Aug

TTH CEO Attack-Prime Suspect Arrested

Alhaji Baba Alhassan, the prime suspect in last Monday’s attack on the Tamale Teaching Hospital CEO, Dr. David Zaawumya Akobila has been arrested. Baba Alhassan was picked up Thursday morning, a day after four others who were earlier arrested were released for lack of evidence. He is likely to be charged with unlawful entry, offensive conduct and assault. Northern Region Police PRO Mohammed Tanko said investigations are still ongoing to arrest accomplices in Monday’s attack. The ringleader and his men invaded the offices of the Tamale Teaching Hospital in vigilante style and instructed the CEO of the hospital Dr David Zaawumya Akolbila to walk out and hand over the keys. They accused the CEO of corruption and justified why they staged the attack. Medical staff at the hospital is currently on strike demanding the arrest of the offenders and possible prosecution.
Published in Crime
Government of Ghana has agreed with world football governing body, FIFA to withdraw the court processes meant to dissolve the Ghana Football Association (GFA) after a meeting held on Thursday. Among resolutions arrived at during the meeting are that: 1. The Presidents of Ghana and FIFA have committed to work together to offer leadership in reforming football administration in Ghana and in Africa; 2. That the GoG and FIFA shall work closely to eradicate corruption and malfeasance and other associated criminal conduct from the administration of football in Ghana; 3. The GoG and FIFA shall establish a joint task force to create proper disciplinary, governance and auditing mechanisms as well as ensure that persons who are found culpable are punished in accordance with Ghanaian domestic laws and FIFA statutes; 4. FIFA upon consultation with the GoG and CAF shall establish a normalization committee to replace the Executive Committee of the Ghana Football Association; 5. FIFA in consultation with the GoG and CAF shall appoint persons with integrity and competence to constitute the membership of the normalization committee. FIFA officials who attended the meeting included its President, MrGianni Infantino, and the Secretary General, Madam Fatma Samoura and other representatives of the FIFA administration, while the Ghana delegation was made up of the Minister for Youth and Sports, Isaac Asiamah; Deputy Chief of Staff, Mr. Samuel A. Jinapor; the Minister for Information designate, Kojo Oppong Nkrumah; the Deputy-Attorney General, Mr. Godfred Yeboah Dame; and the head of the FIFA/CAF liaison team, Dr. Kofi Amoah. FIFA some few days ago wrote to government and warned it to withdraw the court case or face a worldwide ban from all football activities. According to FIFA, The Government of Ghana’s action as undue interference in the administration of Ghana football and in contravention of FIFA statutes, while the government insisted that ‘widespread’ corruption and illegal acts within football administration in Ghana as exposed by undercover journalist Anas Aremeyaw Anas, needed to be eliminated and discouraged.
Published in Sports
The Accra Metropolitan Assembly (AMA) has presented some food items and drinks to the Ga Stool Houses towards the celebration of this year’s Homowo Festival. The items, which were presented by a team led by the Asheidu Keteke, Sub Metro Chairman Mr. Raymond Tetteh on Wednesday, included maize, palm oil, alcoholic and non-alcoholic drinks and undisclosed sum of money. Mr. Raymond Tetteh, presenting the items explained that the presentation is expected to support the leaders and chiefs of the various stool houses cater for the people in the community during the festive period. Nifa of Otublohum Nii Dzan We, Naa Tsetse Agyeman IV, who accepted the items on behalf of the people of Otublohum expressed appreciation for the kind gesture. Naa Tsetse Agyeman IV advised the youth to celebrate this year’s festival in a peaceful way. The Akanmajen Mantse, Nii Ayikai III, who also received the food items on behalf of the people of Akanmajen expressed gratitude for the generosity extended to them and prayed for God’s mercies for the country as a whole. Other traditional houses including Sempe, Abola, Asafoatse Mankata,Sakumo Tsoshishi , Nai Wulomo, Gbese, Korle Wulomo, Asere Djorshi,and Atukpai also received similar items.
Published in General News
75% of Ghanaians are ready to travel outside the country should they get the opportunity, a report Pew Research Centre has indicated. The survey was conducted in six out of 10 countries that contributed the most to the numbers of immigrants to the US. “Between February and April 2017, Pew Research Center surveyed in six of the 10 countries that have supplied many of the sub-Saharan immigrants now living in the U.S. Four of these countries – Nigeria, Senegal, Ghana and Kenya – are also among the top 10 origin countries for sub-Saharan migrants to Europe.” “The survey asked respondents whether they would go to live in another country, if they had the means and opportunity. At least four-in-ten in each sub-Saharan country surveyed answered yes, including roughly three-quarters of those surveyed in Ghana (75%) and Nigeria (74%),” the report said. Per the report, Nigeria, Senegal, Ghana, Tanzania, Kenya, and South Africa were the top immigrant suppliers in the US. High unemployment, political instability, and low wage rates were the major reasons respondents attributed to the desire to travel outside Ghana. The challenges raised according to the report are expected to worsen due to high fertility rate and the corresponding high population growth. Out of the 42% Ghanaians who are yearning to migrate abroad in the next five years, four-in-ten (41%) identify the U.S. as their intended destination, while three-in-ten (30%) name a country in the EU, Norway or Switzerland.
Published in General News
The Ministry of Interior has justified the spending of over Ghc 26,000 on the provision of internal security at the ministry. The Ministry has been indicted by the 2016 Auditor General’s report for spending that amount on the services of a private security firm instead of using personnel from the Ghana Police Service. The Minister Ambrose Dery appearing before the Public Accounts Committee justified why the private security firm, Magnum Force Security. The report has described the move as waste of resources but in explain why the ministry hired a private security firm, the minister said, “If you take two members of the Ghana Police Service to be within the ministry to perform these petty roles, I daresay it will be an under-utilization of an essential and limited resource.” The decision to hire the private security he noted was to free up police officers to undertake other critical policing activities for the state. “We cannot have an armed policeman to make sure the doors are closed….you may want to think of Ghc 26,000 being an extra cost”. “If you want to see the cost of having two police officers there, you need to deal with the opportunity cost,” he said..
Published in General News
The Conference of Heads of Private Secondary Schools (CHOPSS) has predicted collapse of the private schools in two years. This they lamented will lead to massive job losses. Public Relations Officer (PRO) for CHOPSS, Naphtali Kyei-Baffour told Kwame Tutu, host of Frontline on Rainbow Radio 87.5Fm that, over 10, 000 teachers will loose their jobs. The decision by government to exclude them form the implementation of the free senior school policy he said should be blamed. The double-track policy he opined is not the solution to manage the 181, 000 expected students this academic year. ‘’Double-track is not the best option in this situation. It would be a useless exercise if we are included.’’ He pointed out that assuming each school takes averagely 500 students, the 250 private schools on the verge of collapse could absorb more than two-thirds of the extra students for which reason the new policy has been introduced. Private secondary schools can absorb more than 200, 000, he touted. ‘’Come next two years, close to 60-70 per cent would have collapsed. The reason why some are surviving is because the schools have form two and three students. If these students complete their courses, the schools would be empty. If the schools collapse; we are working with more than ten 10, 000. They will all loose their jobs,’’ he decried. The introduction of the double track system for Senior High Schools (SHSs) in the 2018-2019 academic year will not destroy or disrupt the country's education system, President Akufo-Addo has said. On the contrary, the system will reduce class sizes, increase contact hours between teachers and students, as well as increase the number of holidays. President Nana Addo Dankwa Akufo-Addo explained that the deployment of the double track system would however, not be applied to all Senior High Schools (SHSs) but to those whose capacity would be exceeded by the number of students admitted into them this academic year. President Akufo-Addo said every bold new initiative that was rolled out produced hitches and challenges, and was inspired by the famous Chinese adage which said "A journey of a thousand miles begins with the first step," adding that government had taken the first step and would deal with the challenges as they came, and that that it was government's desire and commitment that no child was left behind in attainment of at least, SHS level.
Published in General News
Newly appointed Deputy Information Minister, Pius Hadzide has slammed individuals politicising the collapse of some local banks and the decision by government to allocate funds for the consolidation of these banks. Speaking on Frontline on Rainbow Radio 87.5Fm Thursday, the former deputy minister of sports who was last week reshuffled to the Information Ministry, was worried why the Minority Spokesperson on Finance Cassiel Ato Forson, is politically analysing the decision by government. He has therefore refuted suggestions that government is rolling out anti-local bank policies and embarking on actions detrimental to local banks. ‘’The politicisation should be widely condemned by all Ghanaians. Government has no intention of collapsing local banks. We have rather taken steps to prevent such scandals in the future.’’ He described the scandal as ‘’inherited crisis’’ and because of that, government is outlining measures to prevent future occurrences. Government is committed to protecting the interest of Ghanaians, he said. The Bank of Ghana revoked the banking licences of five banks appointed a Receiver over their assets and liabilities. Deposits and selected assets and liabilities of these banks have been acquired and assumed by a new bank – Consolidated Bank Ghana Limited. All deposits of the five banks are safe and have been transferred to the Consolidated Bank. Customers can carry out their business as usual at their respective banks, which will now become branches of Consolidated Bank. The Banks and Specialised Deposit-Taking Institutions Act of 2016 (Act 930) allows the Government to establish a bridge bank for the purpose of acquiring some or all of the assets and liabilities of a failed bank, if necessary, to maintain financial stability. The Government’s decision to establish Consolidated Bank is in the best interest of depositors and the financial system as a whole. It ensures that deposits and other systemic liabilities are transferred to a clean bank to allow depositors and other customers continue to have access to critical banking services. It also ensures that the banking sector maintains a strong indigenous Ghanaian presence. The government has also issued a bond totaling GHc5.6 billion to cater for bad assets of the four banks.
Published in General News
The Bank of Ghana (BoG) has approved a proposal by Sahel Sahara Bank and Omni Bank to consolidate their operations into one entity to help meet the new minimum capital requirement of GH¢400 million. The approval was communicated to the two banks on August 14, paving the way for the board and management of Sahel Sahara Bank and Omni Bank to announce their merger deal later this month. Some sources told the paper that the boards of the two banks had been locked in meetings to finalise the plan and allow for actual integration of their respective operations to start. While Omni Bank is owned by Dr Joseph Siaw Agyepong and his wife, Mrs Agyepong, Sahel Sahara Bank is owned by 13 Sahelian countries and has been operating in the country since March 2009. Reason for merger The consolidation of the two banks is to create a stronger bank that can meet the BoG’s new minimum capital demand of GH¢400 million by December this year. While the merger could lead to rationalisation, it is estimated that a successful consummation of the deal could create a larger bank with almost 1,000 employees on its payroll and 46 branches servicing customers in seven regions nationwide. The total assets of the new bank could also be in excess of GH¢1.3 billion, while stated capital would be around GH¢213 million – still below the central bank’s new minimum capital of GH¢400 million. While the Omni Bank’s stated capital was reported at GH¢141.6 million, that of the Sahel Sahara Bank closed the year at GH¢71.6 million. In spite of their differences in ownership, both the Sahel Sahara and Omni banks are relatively small, with their 2017 financial accounts showing that they have virtually the same balance sheets. This makes them a perfect match in a merger deal. What next? An investment banker and Chief Executive Officer of C-NERGY, Mr Michael Cobblah, said in an interview that the approval by the regulator set the stage for actual implementation of the merger proposal submitted to the central bank. Mr Cobblah, who led the team to integrate the defunct The Trust Bank (TTB) into Ecobank in 2011, said a reconstituted board, a defector managing director and name for the new bank were part of the things contained in the proposal that the BoG had approved. As a result, he said the new management would now set out to “harmonise the operations of the two banks such that customers of both sides could access services. “They will also rationalise their branches such that if both banks have branches in close proximity, they can decide which branch should go and which one should stay,” he added. Capital hunt Mr Cobblah added that a merger of that nature would require a minimum of six months to finalise. He, however, advised the two banks to fast-track the process to allow the new board and management to explore ways of raising the additional funds needed to recapitalise to GH¢400 million by December this year. It is understood that the new entity will consider applying for the government’s proposed financial support to solvent banks in need of capital to recapitalise. Meanwhile, a retired Deputy Governor of the BoG, Mr Emmanuel Asiedu-Mante, has wondered why the BoG will approve a merger which will not resolve the recapitalisation hurdle. “Why will two banks merge and still not meet the minimum capital?” he asked in an earlier interview. “If they cannot meet, then they must as well go their separate ways because the idea is to make a stronger bank out of the two. But if you are going to merge and still not meet some key requirements, then there is absolutely no justification for a merger,” he said in the August 13 interview. A source, however, told the paper in confidence that the two sides had agreed to use a third party investor through preference shares to help increase the capital to the required amount before December this year. The plan for capital restoration was part of the strategies presented to the BoG, the source said. Past deals Since 2010, about six acquisitions have occurred in the banking sector, with the most recent being the takeover of the HFC Bank by the Republic Bank of Trinidad and Tobago. Before that the following acquisitions had taken place: Bank of Africa and Amalgamated Bank, Ecobank Ghana and TTB, Access Bank and Intercontinental Bank, First Bank of Nigeria and International Commercial Bank and Fortis and Merchant Bank, which gave birth to today’s Universal Merchant Bank (UMB). Source: Graphic Business
Published in Business
Page 1 of 2
  1. Popular
  2. Trending
  3. Comments

Calender

« August 2018 »
Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31