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Rainbow Radio - Items filtered by date: Wednesday, 12 September 2018
President Nana Akufo-Addo has instructed his Secretary, Mr Asante Bediatuo to look into a petition by Auditor-General, Daniel Yao Domelevo, accusing his Board Chair, Prof. Edward Dua -Agyeman of interference. The Executive Secretary was also instructed by the president to report the outcome of discussions between the two public officials. The Auditor General has filed a petition before the president appealing to him to intervene over what he described as an inference by the board chair. Auditor General in a ten-point to the president raised issues on procurement manipulations, interference of audit processes, and unlawful circulation of audit findings among other things as the basis for his request for a presidential intervention. He said, “My investigation revealed that the Audit Service Board Chairman instructed Mr. Johnson Akuamoah Asiedu, a Deputy Auditor General (DAG) and Mr. Ebenezer Aglomasa, a procurement Officer to replace the approved firms with others of his choice.’’ According to him, these breaches were done without his knowledge and the knowledge of the Public Procurement Authority. He said, “the Chairman admitted to the offence with the excuse that the law did not exist during his tenure of office as Auditor General.” The board chair he complained initiated an audit without his knowledge. “I again questioned the Chairman as to his mandate to audit the Public Service and the reasons for calling the DAG to that meeting without my knowledge. His response was that he thought the audit in question was below my level as the Auditor-General.” In addition to this, when Mr. Domelovo was away in Kigali, Rwanda in May, he received reports from the acting Auditor General that instruction had been given by the Chairman to invite the team conducting a special audit of the National Health Insurance Authority (NHIA). He noted in the petition that “the Chairman wrongly accused the audit team of giving the audited institution only five days to respond to the audit observations instead of 30 days.” “I wrote to the Chairman again questioning the mandate with which he was interfering with the audit process and informed him that I was inviting my lawyers to come in and stop him from the continuous interference with my constitutional mandate.”
Published in General News
A group of serial callers purporting to be members of the ruling New Patriotic (NPP), in the Ashanti region have burnt their mobile phones and declared a strike action. The callers are lamenting over hardship in the country and neglect of serial callers after working to ensure victory for the party. The aggrieved serial callers held a press conference today [Wednesday] at the Abbey’s park in Kumasi, put together their mobile phones, pour petrol and burn them to ashes. They also accused the Ashanti Regional Minister, Hon. Simon Osei-Mensah and Ashanti Regional NADMO Director, Kwabena Nsenkyiri and other top officials of abandoning them after “all the dirty works” before and during the 2016 general elections, that brought them to power, after which those who “did nothing to help the party are now enjoying”. “Monkey will no longer work for bamboo to chop again, we have been using our own mobile phones, buy our own credit cards. Our party is in power but most of us who helped the party to power are struggling to make ends meet, while the Regional Executives and some government appointees are living in comfort,” the chairman of the association, Abel Anokye, said. “Until these two executives are sacked form their posts, we will not engage anybody to negotiate in rescinding our decision, and they are the ones behind our woes,” he angrily concluded.
Published in General News
Berekum Arsenal C.E.O Alhaji Yakubu Moro has accused former Ghana Football Association president Mr. Kwesi Nyantakyi, of allegedly pocketing Glo sponsorship deal of $1.5m, an amount he suggested was supposed to be given to the clubs as sponsorship money. He made the revelation in an interview with Isaac Worlanyo Wallace on Rainbow Sports. He was speaking on the GHALCA invitational tournaments money that would be given to the clubs who have accepted the proposal to participate in the competition. The CEO of the division one side later revealed that he took a loan of ghc80, 000 from NDK financiers for one and a half year and used Glo as a guarantor and paid over ghc300, 000 as the sponsor money delayed. ‘’I am not the only club owner who have suffered this fate but every club as we were waiting for the sponsorship money. Glo and Ghana football association signed a five(5) year sponsorship deal as the headline sponsor for the Ghana premier league. A $3M deal was signed for the first year and an upward increment expected for the next four years. Glo made an initial 50 percent cash payment and then paid the remainder later on. By: Isaac Mortey (Intern, Rainbow Radio)
Published in Sports
Acting Deputy Government Statistician, David Kombat, has told Rainbow Radio 87.5Fm that, the three Northern regions, (Upper East, Upper West and Northern ) are the poorest in the country., The Volta region has also been captured as one the poorest in the latest Statistical Service report on poverty in Ghana. Per the 2017 population projections, 6.8 million poor Ghanaians (23.4 percent) could not afford to spend GH¢4.82 per day in 2016/17 (i.e. GH¢1,760.80 per year in 2016/17). In an interview Kwame Tutu, Mr Kombat said 8.2 percent of Ghanaians were extremely poor and this was based on its 2017 population projections which put the number of extremely poor Ghanaians at 2.4 million. According to him, 2.4 million Ghanaians could not afford to spend GH¢2.69 per day in 2016/17 on food (summing up to GH¢982.1 per year). The regions he explained also did not experience consumption growth while worsened inequality contributed to increased poverty in Northern and Upper East Regions. The Central region he indicated was formerly part of the poorest regions but has been excluded from the 2017 report. The report also revealed that rural savannah still ranked high in poverty rates among the ecological zones, and it was the only zone that experienced increases in poverty rates in 2016/17. Poverty declined 0.8 percentage points in 2016/17, a relatively marginal decline. Greater Accra had the least poverty rate, while Upper West remained the region with highest poverty rate. The three northern regions contributed more than 40% to national poverty. Explaining further the report, he added, “26% of all poor persons in Ghana are in the Northern Region. The Northern Region has over the period contributed to poverty more than any other region. The three northern regions contributed more than 40% to national poverty. Poorer regions recorded higher and widening inequalities. Richer regions experienced decline in inequality.”
Published in General News
Auditor General, Daniel Domelevo, has petitioned President Akufo-Addo over what he calls unlawful interference in his work by the Service’s Board Chairman, Dr. Edward Dua-Agyeman. The no nonsense Auditor General in a ten-point to the president raised issues on procurement manipulations, interference of audit processes, and unlawful circulation of audit findings among other things as the basis for his request for a presidential intervention. He said, “My investigation revealed that the Audit Service Board Chairman instructed Mr. Johnson Akuamoah Asiedu, a Deputy Auditor General (DAG) and Mr. Ebenezer Aglomasa, a procurement Officer to replace the approved firms with others of his choice.’’ According to him, these breaches were done without his knowledge and the knowledge of the Public Procurement Authority. He said, “the Chairman admitted to the offence with the excuse that the law did not exist during his tenure of office as Auditor General.” The board chair he complained initiated an audit without his knowledge. “I again questioned the Chairman as to his mandate to audit the Public Service and the reasons for calling the DAG to that meeting without my knowledge. His response was that he thought the audit in question was below my level as the Auditor-General.” In addition to this, when Mr. Domelovo was away in Kigali, Rwanda in May, he received reports from the acting Auditor General that instruction had been given by the Chairman to invite the team conducting a special audit of the National Health Insurance Authority (NHIA). He noted in the petition that “the Chairman wrongly accused the audit team of giving the audited institution only five days to respond to the audit observations instead of 30 days.” “I wrote to the Chairman again questioning the mandate with which he was interfering with the audit process and informed him that I was inviting my lawyers to come in and stop him from the continuous interference with my constitutional mandate.”
Published in General News
Menzgold Ghana has issued a statement in reaction to the notice given it by the Securities and Exchange Commission (SEC) to halt its operation. The statement issued by management said, ''the company finds it unfortunate that a letter relating to business discussions between the organization and SEC has found its way to the public.’’ SEC in its statement said it has been investigating Menzgold since 2017 but paid a working visit to the company on August 23, 2018 where they met with the Commercial Manager, Nana Yaw Offei and an adviser to the company’s CEO, Derek Akubia. SEC further noted that Menzgold has been licensed to only purchase and export gold from licensed sellers also sells and purchases gold collectibles from the general public through its agent, Brew Marketing. “Accordingly, the SEC hereby directs Menzgold Company Ltd to shut down immediately the business of trading in gold collectibles with guaranteed returns to clients which constitutes, in essence, dealing in securities with neither the necessary license nor disclosures authorised by the SEC. No new contracts should be created and all advertising of the investment business halted with immediate effect.” Failure by Menzgold to comply with the directive “will lead to the SEC employing other relevant measures under the law to enforce compliance, the statement warned. The Commission also called on the Minerals Commission which licensed the operations of the gold trading company to “call Menzgold to order and direct it to conduct its business in accordance with the license issued to it by MINCOM” But Menzgold Ghana in its response wrote: ‘’Menzgold in the wake of the Bank of Ghana warning to the public desist from doing business with the organization availed itself to all relevant state institutions for various consultations and dialogue designed to arrive at a productive and sustainable resolution.’’ It added: ‘’one of such organizations is the Securities and Exchange Commission (SEC) with whom we have been hopeful of arriving at a cordial resolution to all matters if any, then we submit to its standards if we must.’’ ‘’This needless leak believed to be coming from the Securities and Exchange Commission is, to say the least, in very bad faith and distasteful; as it defeats our confidence in the body and an affront to cooperation. We totally condemn it.'' ‘’As law abiding organization, we have referred the matter to our lawyers and rest assured; the right action shall be taken. We hereby assure all our cherished customers that neither Menzgold as a business entity nor any of its products has been shutdown. We urge for calm as we deal with this matter to its logical conclusion. Your gold trades are very safe and business is proceeding as usual,’’ the statement noted.
Published in Companies
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Democracy has not helped Ghana-Lecturer

Political science lecturer at the University for Development Studies (UDS), Dr. Dominic Degraft Arthur, has suggested the benefits, that comes along with democracy has eluded Ghana due to lawlessness. He said, Ghana has embraced democracy because it is the best form of governance and reasonable expectations are that it will provide Ghanaians a better life. However, due to lawlessness, we have been deprived of the opportunities available. He was speaking to Kwame Tutu on Frontline on Rainbow Radio 87.5Fm today [Wednesday]. He confidently said he is no longer having faith in democracy due to how we have practiced it Ghana. Politicians in Ghana he lamented are influencing the system; a situation he added has increased lawlessness and impunity. ‘’Political leaders are expected to be transparent, accountable and responsible because of democracy practiced in Africa and most especially Ghana. But in Ghana, democracy has not helped. Our leaders are corrupt, lack integrity and are not transparent. Democracy should protect rights of citizens, democracy should promote the freedom of the press, and democracy should make it easier for citizens to criticize leaders when they go wrong in the country but that is not the case here in Ghana. Some political leaders are protected because of the power they wield. These political leaders have formed vigilante groups and that has significantly increased lawlessness. It has affected our free movement, as Ghanaians and I will urge the government to be firm irrespective of the outcome. We need to disband vigilante groups in the country,’’ he charged. Democracy is a form of government in which people’s participation is of primary importance. People may participate either directly or indirectly. It is a form of government in which people have equal opportunity and this type of government is based on individual merit and no place of hereditary privilege is to be found in democracy
Published in General News
Bishop Stephen Richard Bosomtwi Ayensu of The Methodist Church, Dworwulu Circuit, has decried the failure of leaders to listen to the clergy after winning political power. Using his experience as an example, he lamented some top leaders who always sought his advice in opposition have changed after winning political power. He was contributing on lawlessness, impunity and the role of politicians in these acts. ‘’When you visit these leaders, they make you useless. If they see you, they will keep saying wait I am coming but they will not make time for you. If you call them, they don’t respond.’’ Lawlessness he noted has increased because political leaders interfere in the duties of law enforcement agencies. He admonished politicians to stop interfering the work of law enforcement agencies. He also bemoaned he calls selective justice saying, ‘’Selective justice has been our major problem. We have laws in Ghana and these laws must be made to work. Crime is crime and irrespective of your class, status or personality, you must be punished should you violate our laws. I will blame those in charge. When people steal mobile phones, smoke marijuana and commit other offences, they are jailed but when politicians steal from the state, they go unpunished.’’ ‘’If we all agree to work in the interest of Ghana and the growth of the country no matter our political affiliations, Ghana will progress. We need to punish people for the crimes they commit no matter who they are.’’ When asked if he feels President Akufo-Addo has failed in preventing lawlessness in the country despite being a lawyer, he answered saying, the president as an individual is firm but he will not be able to do the work all alone. ‘’I have confidence in President Akufo-Addo. He did not contest the presidency because he wants to be wealthy. He contested because he wanted Ghana to develop. Nana Addo is not someone who entertains lawlessness but he needs people to inform him on what is going on in the country . He should be told the truth,’’ he said.
Published in General News
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Stop Operations Now- SEC orders Menzgold

The Securities and Exchange Commission (SEC) has directed Menzgold to halt operations. According to the SEC, Menzgold has been dealing in the purchase and deposit of gold collectibles from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission. A statement form SEC said it has been investigating Menzgold since 2017 but paid a working visit to the company on August 23, 2018 where they met with the Commercial Manager, Nana Yaw Offei and an adviser to the company’s CEO, Derek Akubia. SEC further noted that Menzgold has been licensed to only purchase and export gold from licensed sellers also sells and purchases gold collectibles from the general public through its agent, Brew Marketing. “Accordingly, the SEC hereby directs Menzgold Company Ltd to shut down immediately the business of trading in gold collectibles with guaranteed returns to clients which constitutes, in essence, dealing in securities with neither the necessary license nor disclosures authorised by the SEC. No new contracts should be created and all advertising of the investment business halted with immediate effect.” Failure by Menzgold to comply with the directive “will lead to the SEC employing other relevant measures under the law to enforce compliance, the statement warned. The Commission also called on the Minerals Commission which licensed the operations of the gold trading company to “call Menzgold to order and direct it to conduct its business in accordance with the licenseissued to it by MINCOM”
Published in Business
Former President John Dramani Mahama has slammed President Nana Akufo-Addo over what he has described as nepotism under his administration. Mr Mahama says the unnecessary attacks directed at him by the ruling New Patriotic Party (NPP), when he was president is now haunting them. The current president he indicated has surrounded himself with family, friends and cronies in an unprecedented level despite speaking against same during his [Mahama] tenure. ‘’I think it is important to be careful what you say because tomorrow it will come to haunt you and that is exactly what is haunting them.’’ Mr Mahama said, I was accused of family and friends ‘’when it wasn’t true. Now today, family and friends everywhere and when you raise it, they say it doesn’t matter if it is the president’s relative. It depends whether they are qualified. Who doesn’t have qualified relatives? I have degree holders and PhD holders in my family and that is what I said in government. If it was getting qualified relatives, I have plenty.’’ He also took on government and questioned the silence of civil society groups on development of the country under the NPP. ‘’When you appoint and we say they are too many they say it is not about the quantity but the quality. So who is judging the quality? You [NPP]? It is not good for our corporate governance because you change the rules depending on who is in power. Ghana belongs to all of us. Whoever is president, whoever forms government; we must hold them to the same standard of accountability; and civil society organisations have gone quite, moral society have gone quite,’’ he stated.
Published in General News
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