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Rainbow Radio - Items filtered by date: Wednesday, 08 August 2018
Mr Paul Azumah Abugri, a 52-year- old and a teacher by profession has been confirmed as District Chief Executive (DCE) for Tempane. He polled 21 out of 24 voteS at an emergency meeting to approve him. Mr. Paul Azumah Abugri, is the first DCE for the newly created District, Tempane of the Upper East Region. He was confirmed today [Wednesday]. The election, which was supervised by the officials from the Electoral Commission (EC) was received with enthusiasm by members of the Assembly. Addressing the meeting, Mr Rockson Ayine Bukari, Upper East Regional Minister admonished the DCE to ensure peace and development in the district. Mr Rockson Ayine Bukari said, the government would do everything possible to improve the standard of living of the people. Mr. Paul Azumah Abugri thanked President Nana Addo Dankwa Akufo-Addo for nominating him as a DCE and pledged to work hard to ensure that the vision of the president is fulfilled in the district. He said, that his mission will be to unite the people for development, and called for support from the regional minister and the MP. Member of Parliament for Tempane Mr. Joseph Dindiok Kpemka who double as Deputy AG for Justice also thanked the members of the Assembly for accepting the President’s nominee Mr Paul Azumah Abugri. He also further called on the Assembly Members to work hard and cooperate with the DCE for development. By: Justice Issah Anthony
Published in General News
A four (4) day Educational & Awareness program dubbed the “Girls & Boys Camp 2018” under the Her Choice Project has kick started for pupils from the Boti, Osonson, Taido, Akode and Dwerebease Epicenters on 7th August, 2018 in Koforidua. The primary objective of this workshop is to prepare and inform participants (young girls & boys) on the dangers of early girl-child marriage. The Camp will also provide participants with solutions to dealing with growing communal fears which discourage education and progress. Child Marriage is a widespread phenomenon that endangers the healthy development and wellbeing of girls and young women around the globe. Each year 15 million girls get married before the age of 18 with Africa being one of the most challenged continent with such a worrying ill. The HER CHOICE project aims to build child marriage-free communities where the girl child is free to decide if, when and whom she marries. The Hunger Project Ghana in partnership with an alliance of four Netherlands-based organizations continues to lead the campaign in Ghana to support wipe-out this worrying phenomenon. The second successive camp was launched on the 7th of August 2018 to take young girls and boys through the hardship associated with early child marriage. Speaking at the opening of the launch, the Country Director of The Hunger Project Ghana, Mr. Samuel Erasmus Afrane said the project is not only key to the girl child since the boy child is also key to development and must be encompassed under the project. The Country Director challenged participants of the camp to aim higher and not allow themselves to fall prey to early child marriage or teenage pregnancy. The representative of the Regional Director of education, Madam Roselyn Carolyn Quaynor also blamed this menace on irresponsible parenting and guidance by both parents and teachers. She expressed her profound gratitude to The Hunger Project Ghana for the periodic organization of such gatherings. According to Mrs Quaynor, there is been a drastic drop in societal harms that affect the girl child after the maiden girls & boys camp held in 2017. By: Ekow Burt-Fletcher
Published in General News
Former Inter-Allies Technical Director, Willie Klutse, has expressed his views on the suspension of the local league describing the it as ''worrying and unfortunate.'' Investigative journalist, Anas Aremeyaw Anas, few months ago premiered a video, Number 12 showing the rot and corrupt practices in Ghana football in various parts of the country. This called for government to intervene and subsequently suspended the Zylofon cash premier league. The 1978 AFCON winner in an interview with Rainbow sports renowned journalist,Nhyira Kwabena Asirifi affectionately called ''king one''expressed his view on the suspension of the Zylofon cash premier league. According to him, the suspension led to the death of their player Prince Appiah through a fatal accident and other ''If the league is in session,the players will be in camp preparing for a match, adding ''some of the players go to night clubs and get drunk and its been alleged that,the suspension of the league has led a player to rape to somebody.'' The former Black stars player is not in agreement with the government on the suspension of the league and has therefore urged the government to rescind the decision to suspend the league. The 16 premier league clubs will organise a tournament if football does not resume in september.There are football agents here to monitor and scout the players. When the tournament goes well,we will organise one for the division 1 and later division 2.Mr Willie Klutse resigned as technical director due to health reasons. The Zylofon Cash Premier League was truncated in june and is expected to resume in August 2019. By: Isaac Mortey (Intern, Rainbow Radio)
Published in Sports
The Chief Executive Officer (CEO), National Entrepreneurship and Innovations Plan (NEIP), lawyer John Kumah has commended President Nana Addo Dankwa Akufo-Addo for his commitment towards the support for businesses owned by young people. The CEO said it is the desire of the president to support private owned businesses and as part of that commitment, the president in 2017, allocated an amount of GHc10 million for NEIP to allow it support businesses. He was explaining the rationale behind the Presidential Business Support Programme, which has seen some 1, 350 beneficiaries receive seed capital for their businesses. Lawyer Kumah speaking to Kwame Afrifa-Mensah, host of ‘EPA HOA DABEN’ on Happy 98.9Fm, the youngest CEO who has been described as a hardworking personality said, One thousand, three hundred and fifty (1,350) businesses, from all ten regions of the country, are the first beneficiaries of the Presidential Business Support Programme, an initiative of the Akufo-Addo Government. Each of the 1,350 beneficiaries are to receive, from the Ministry of Business Development, continuous training and capacity building, mentorship and business advisory services, free accounting services, access to business networking opportunities, and, seed capital ranging from GH¢10,000 to GH¢100,000 each. According to him, a total of 7, 000 small and medium sized businesses applied for the support under the programme. The beneficiaries he further explained have a period of three years to pay back the money with a 10 percent interest per annum. ‘’It is not free money. The beneficiaries received between GHc10, 000-GHc100, 00 based on the size of their businesses and what they can do with the money,’’ he added. Meanwhile, lawyer Kumah has given the assurance that, those who were not selected would have the opportunity when the next window is opened for applications. Other interested businesses who could not apply for the first round could also visit the official website of NEIP (www.neip.gov.gh) to apply. The beneficiaries are expected to create some thirty thousand (30,000) direct jobs within the next year, and several thousands of indirect jobs. On who qualifies for the support, he said, ‘’every Ghanaian with a business idea is qualified for the support. When you apply, you will undergo a training facilitated by professionals to give you the needed support on best you can establish a business, make profits and sustain it.’’ President Nana Akufio-Addo on Tuesday presented seed capital to 1, 350 small and medium scale businesses under the Presidential Business Support Programme. The president in his speech said, he was “encouraged by the numbers of young Ghanaians wanting to start their own businesses.’’ He added that all the 7,000 businesses underwent a well-structured training programme to build their managerial capacities for their various ventures, with the training programmes conducted in fifty (50) private incubation hubs across the country. The successful 1,350 winners, according to President Akufo-Addo, were competitively selected upon the recommendations of the private incubation hubs in a transparent, efficient and equitable manner.
Published in General News
The Institute of Chartered Accountants Ghana (ICAG) has announced its decision to probe auditors of the collapsed five banks. The Institute’s decision is coming after calls have been made by a section of the public for the auditors of the five collapsed banks to be investigated. A statement from the ICAG said: ‘’The Council of the Institute wishes to assure the general public that the Institute has a formalised procedure to handle complaints against its members. The Professional Standards and Ethics Committee of the Institute, in line with its mandate, has initiated the necessary enquiries on the matter and that an appropriate action will be taken if merit to the complaint is established.’’ Below is a copy of the ICAG statement THE INSTITUTE OF CHARTERED ACCOUNTANTS - GHANA RE: COLLAPSE OF SOME BANKS AND MATTERS ARISING The Council of The Institute of Chartered Accountants (Ghana) has noted with great concern the current developments in the banking industry with particular reference to the collapse of seven banks. The questions many people (accountants and non-accountants) are asking are: i) Why couldn’t the external auditors of these banks pick up the going concern difficulty signals during the audit process? ii) Does it amount to inefficiency or negligence? iii) Is there any disciplinary action the Institute can apply to these auditing firms? The Council of the Institute wishes to assure the general public that the Institute has a formalised procedure to handle complaints against its members. The Professional Standards and Ethics Committee of the Institute, in line with its mandate, has initiated the necessary enquiries on the matter and that an appropriate action will be taken if merit to the complaint is established. The Council appreciates the concerns of the public and will do everything possible to safeguard public interest. Issued by: Council, ICAG
Published in General News
The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Wednesday, 8th August, 2018, launched the National Public Sector Reform Strategy (NPSRS), 2018-2023. The Strategy, according to President Akufo-Addo, “will lead to the creation of a new public service that is fit-for-purpose, which will help guarantee the delivery of high quality services for the Ghanaian people and the private sector.” Speaking at the launch of the Strategy at the Accra International Conference Centre, the President indicated that when Ghana attained independence in 1957, an efficient public service, the envy of many in the Region, was bequeathed to the nation. “It has, over the years, contributed its quota to our development and progress. In spite of its modest achievements, the Ghanaian people, in recent years, have expressed dissatisfaction with the systems of service delivery in the public sector. Whether it is about absenteeism or lateness, incompetence or corruption, the public sector is, today, unhappily, not seen in good light,” he said. With successive Governments have undertaken various forms of reforms of the public sector, which have not helped very much, the President noted that the 2018 to 2023 NSPRS will review and modernise the current structures, systems, processes and internal management functions of the public sector, to support government’s development priorities. “It will also help create the conditions necessary for the private sector to thrive, and, thereby, create employment opportunities for the youth, all within the context of our overall vision of a Ghana Beyond Aid,” he assured. Human Resource President Akufo-Addo stressed that a major goal of the Reform will be to strengthen the human resource capacity of the public sector to improve its delivery. To this end, he indicated that public sector training institutions will be resourced to help develop the requisite skills and knowledge needed for the delivery of modern services. “The process will also enhance the ethical foundation of the public sector and, in addition, introduce change management initiatives to deal with apathy, resistance and reform fatigue, which have been the bane of previous attempts at reform,” he said. Conditions of service With modernised and improved working conditions key to increasing productivity in the public service, the President stated that there is going to be a systematic review of public sector compensation in its entirety, with the institution of a suitable performance-based reward system to help guarantee increased productivity. “The review will pursue opportunities for upgrading office space, and provide the necessary tools and equipment to improve the work environment within the Service. Additionally, a central assets and inventory check system to take stock of all physical assets in the public service will be established. Furthermore, a culture of maintenance of public assets and property must be revived and adhered to,” he added. Other areas of concern in Government’s pursuance of reforms in the public sector, President Akufo-Addo noted, will be the strengthening of local government structures and the digitization of public sector services and systems. With the mainstreaming and transforming and mainstreaming ICT in government agencies, he stated that “ultimately, the public sector will go paperless, and reduce drastically the interface that currently exists between citizens and public servants in the provision of services.” President Akufo-Addo assured the Ghanaian people that this reform strategy will not suffer the same fate as past ones, as “matters relating to policy formulation and implementation, monitoring and evaluation, reporting and accountability, have been well factored into this strategy to ensure its smooth take off.” Under the day-to-day supervision of the Senior Minister, and with Government ensuring the availability of resources for the implementation of this reform strategy, the President was confident that the National Public Sector Reform Strategy will be a great success. He, therefore, urged members of the public service to embrace these reforms, for they represent effective means for the creation of a public service that will deliver for the citizenry and the private sector. “An efficient public service will help realise our vision of a self-reliant, prosperous Ghana. It should serve as the impetus for re-shaping our country and charting a new path of growth and development in freedom, which will help deliver a dignified, prosperous standard of life to the Ghanaian people,” he concluded.
Published in General News
The owner and Chief Executive (CEO)Oof Rainbow Radio International, Dr. Mac this afternoon called on former Chief of Staff under former Presidnet John Dramani, Mr Julius Debrah to formally commiserate with him on the sad demise of his mother, madam Kate Opokua Debrah. Dr. Mac used the opportunity to thank Mr Julius Debrah for making him (Dr. Mac) who he is today. To show his gratitude, he offered to use his media platform to offer free publicity for the funeral. Mr. Kwadwo Asiedu Ansah (MAAKORA), a news anchor and a presenter with Rainbow Radio accompanied Dr. Mac. Mr Julius Debrah thanked Dr Mac and Rainbow Radio for the offer and officially invited them to the final funeral rites, which falls on the 25th of August 2018. Madam Kate Pokua died on Sunday, July 15, 2018, after battling a short illness. The late mother was 73 years old.
Published in General News
It has emerged from an autopsy report that defunct Capital Bank failed to use an amount of GHC195 million to revive the ailing bank. According to Joy News report, the amount was allocated to the bank by the Central Bank (Bank of Ghana). Publication by Joyfmonline.com stated that at emergency meeting, they [bank] dished out ¢27.5m to a Board member to hype the business. The word in the report was "business promotion". While still under distress but having received the bail-out, the board approved an expenditure of ¢2.6M and $50,000 on “re-branding.” The board also “ratified” a proposal to increase the fees and benefits of directors, including two first and business class air tickets for all members of the board. The publication is also indicating that some 130m was transferred to Alltime Capital, a transfer that needed some explanation from the CEO Ato Essien who said the transfers were "strategic," and “highly classified information.” The transfers were expected back into the bank by March 2016 - in five months, he said with additional assurance from the chairman, Dr. Mensa Otabil. Alltime Capital, all this time, was however acting as an arranger for the transfer of the ¢130m to two other companies. MC Management Services Ltd owned by one Dr. Tetteh Nettey and Abdul Rahman Abukari got ¢100m cedis and Pronto Construction and Supplies Ltd owned by one Paanii Tackie who got ¢20m. While Alltime Capital got 130m, Nordea Capital also got ¢65m of this Bank of Ghana aid money to Capital Bank. Capital Bank sat back to watch their money working itself up and working itself back into their hands. After that October 2015 decision, another group of businessmen got a licence to set up Sovereign bank in January 2016. A new bank had found favour with BoG regulations and its new shareholders would herald another dawn in banking. The shareholders were however familiar names - Dr. Tetteh Nartey, Abdul Rahman Abukari whose company, MC Management Services Ltd had only some three months ago gotten ¢100m cedis of BoG's ¢610m to Capital bank. This same company had also taken ¢30m from the ¢65m which Nordea Capital got from Capital Bank's BoG money. MC Management Services Ltd therefore had ¢130m of the ¢610m public money given to Capital bank. All you need to set up a bank in 2015 was ¢120m. The Sovereign Bank was set up using ¢111.3m of investments from MC Management Services Ltd as capital. Of this ¢ 111.3m, more than ¢46m ‘belonged’ to MC Management Services Ltd's owners - Dr. Tetteh Nartey and Abdul Rahman Abukari. In the words of the report obtained by Joy FM, "the placement of ¢130m to Alltime Capital and ¢65m with Nordea Capital were a round tripping of liquidity support from Bank of Ghana to set up Sovereign Bank". MC Management Services had invested ¢111.3m which was expected to mature in February 2016. Capital Bank was expecting their 130m by March 2016. Some ¢30m of MC Management Services investment into Sovereign Bank ‘owned’ by Kwame Acheampong Kyei who was Board chairman of Sovereign Bank was moved out. He said this triggered his resignation because his investments were moved by the security holder MC ManagementServices Ltd without his permission. Questions have been raised about whether this money was really his and not Capital bank cash from BoG. Questions have also been raised about whether the alleged shareholders of Sovereign Bank were simply just fronts for Ato Essien of Capital Bank who would then be the real shareholder of Sovereign Bank. Within 19 months Sovereign Bank was no longer sovereign as Bank of Ghana announced, the bank set up with money traceable to BoG, was broke. Capital bank despite all BoG support had collapsed 12 months before Sovereign Bank. Capital Bank's former CEO Rev. Fitzgerald Odonkor has denied authorising the movement of some 195mcedis which were transferred to MC Management Services Ltd and Nordea Capital in October 2015. In fact, he says his signature was forged! By:rainbowradioonline.com with additional files from myjoyonline.com
Published in Business
General Secretary of the opposition National Democratic Congress (NDC), Johnson Asiedu Nketia has said former President John Dramani Mahama, has declared his intention to contest the position as presidential candidate for the party. He made the disclosure in an interview with Accra based Joy TV on Wednesday. The former president has been tipped as the best bet to lead the NDC in the 2020 presidential race. He is going to face competition from Professor Joshua Alabi, former Vice Chancellor- University of Professional Studies; Mr Sylvester Mensah, former CEO National Health Insurance Authority (NHIA); Mr Alban Bagbin, Second Deputy Speaker of Parliament; lawyer Elikplim Agbamava and Mr Stephen Atubiga. Ninety-four (94) Minority MPs have endorsed former President Mahama but the party says it does not represent the leadership of the Caucus. It has therefore cautioned party leaders against the use of party structures to endorse any candidate. The chief scribe says it would be offensive for any party leader to use party structures to endorse any candidate. The NDC is expected to elect its presidential candidate by December 7, 2018 in accordance with the constitution of the party. The party has also given the green light for campaigns in order not to give undue disadvantage to other candidates and an undue advantage to Mr Mahama, Mr Nketia said.
Published in General News
Staff of Consolidated Bank Limited have received official notice from the new managing director informing them of an impending assessment which will determine whether they will continue to work with the bank after 60 days. The Governor of the Bank of Ghana (BoG), Dr Ernest Addison told journalists that although some five local banks have been consolidated into the Consolidated Bank Ghana Limited, there would be no job losses in the immediate term. ‘’All staff of these banks will become staff of the Consolidated Bank. Boards of Directors and shareholders of these banks no longer have any roles. Ghana needs a strong and stable banking sector to drive the process of economic transformation,’’ the governor said. However, the notice which was signed by Daniel W. Addo and dated August 1, 2018 said: As you are aware, the Bank of Ghana has withdrawn the operating licence of you bank and the Consolidated Bank Ghana Limited has assumed the assets and liabilities of the bank. “The purpose of this letter is to inform you that you will be working with the new bank for a period of 60 days for certain, during which time it will be possible for your employment status to be assessed. “Based on this assessment, a determination will be made as to whether you will continue to be in employment with the Consolidated Bank Ghana Limited. “Kindly be reminded that you will operate from your current work place”. The Bank of Ghana has revoked the licences of uniBank Ghana Limited, The Royal Bank Limited, Beige Bank Limited, Sovereign Bank Limited, and Construction Bank Limited and has appointed Mr. Nii Amanor Dodoo of KPMG as the Receiver for the five banks. 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 the Consolidated Bank.
Published in General News
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