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Oct 17, 2018
The Minority in Parliament has described as false claims made by President Akufo-Addo that his administration saved the country $7 billion after it renegotiated power deals signed by the Mahama Administration. Minority Spokesperson on Energy, Adams Mutawakilu says the claims by the president are untrue and has therefore challenged the president to provide evidence to buttress his claims. Speaking at the Financial Times Africa Summit in London last week, the president said his government reviewed 24 power purchase agreements, which has led to some savings for the country. The president in his address, said, “…In addition, a review of 24 power purchase agreements, which has led to the termination of 11 power deals and the rescheduling of 8 others, has enabled us to save the government treasury about $7 billion in excess capacity charges over a 13-year contract period.’’ The president further indicated that his administration through diligence issued 7-year and 10-year cedi-denominated bonds, totalling GH¢4.7 billion, which have allowed the state to pay half of the energy debt it took over from the previous administration. But the Minority reacting to the president at a press conference said, “They know the sub-region, Mali, Burkina Faso, Niger, Togo, will prefer to take power from Ghana and you can only provide power to them if you have excess capacity… That is why president Mahama invested heavily in the installed capacity. “..So if president Nana Akufo-Addo comes and says he has renegotiated eight and cancelled 11, the first question is for him to make public the 11 cancelled power purchasing agreement and the eight that has been rescheduled so that Ghanaians including civil society organisation and the minority in Parliament will have the opportunity to scrutinize it. “You can’t be talking about savings without talking about the potential benefits. If we exploit this market and can put this power into use by exporting it I believe we will earn more.
Oct 17, 2018
The Suhum constituency organizer for the opposition National Democratic Congress (NDC), Yaw Seidu, aka Yahuza, has descended heavily on the Acting Director of Elections, Bede Ziedengt over a press he held yesterday [Thursday] over the collation of 2016 election results. He described the press conference as needless, useless and unnecessary. The time he posited was also wrong. He described leaders of the party as persons lacking common sense due to the press conference held yesterday. The presser he decried will further deepen already existing cracks in the party. The election directorate of the party on Thursday held a press conference to dispel claims that it failed collate results for the party. The directorate he explained depended on its manually form of collation because an electronic system which was being managed by an individual crashed even before it was deployed for use. He indicated that, the infrastructure of the collation of results directly from the polling station in nation elections does not exist in the NDC, and so could not have been deployed in the collation of results of the 2016 elections. ‘’What happened, however was that during the 2016 elections, there was an attempt to establish a new infrastructure for the collation of results from the polling stations. But this was completely outside the directorate and the elections directorate was not involved in its management. Unfortunately, it was this infrastructure which crashed soon after it was deployed and therefore failed to provide any results for the party.’’ ’’We hope the question will not be asked, why did not have the electronic transmission system that would have enabled us collate directly from the polling stations to the national database. We prepared a budget for the directorate but we did not receive the necessary funding. We therefore were left with no other alternative but to work with the tools we had at our disposal.’’ ‘’The attention of the elections directorate of the NDC has been drawn to some untruthful statements in some untruthful statements in some sections of the media to the effect that the elections directorate of the NDC headed by Mr Ofosu Ampofo, failed to collate the results of 2016 presidential elections. This view is palpably incorrect, and the directorate states categorically that the results were duly collated and compiled by members of the directorate and are available for verification at the party headquarters for those who care to know.’’ But reacting to the revelations, Yahuza slammed the leadership of the party and wondered why the opportunity was not used to attack the poor performance of ruling New Patriotic Party (NPP). ‘’Some of leaders behave as if they lack common sense. The press conference was senseless and unnecessary. It will not add any value to the party. It will rather provoke allegations and counter allegations from aggrieved party people. The Kwesi Botchway report admonished party supporters and leaders to burry the past but from this press conference, people are going to react. Some of our leaders took us for granted and will punish them in the upcoming internal polls. Campaigning will not make any difference, we’ve already made up our minds,’’ he said.
Oct 17, 2018
Management of Accra says the facility will resume full operations by Saturday. October 13, 2018, a statement has announced. The statement was issued after parts of the facility had its ceiling fall off and injuring three shoppers on Thursday. The statement also assured customers it would ensure their safety and security. “Mall Management says it is hopeful that the entire mall will be operational by Saturday 13th October 2018”. According to the statement, the facility’s benchmark for customer and public safety remains paramount and it would adopt every necessary step to safeguard these standards. The statement from management said: ‘’The Management of Accra Mall today confirmed that a part of the ceiling in the Mall Square area collapsed this (Thursday) morning, resulting in the temporary closure of that section of the Mall. Three persons, all them shoppers, were reported to have sustained minor injuries during the incident and have received medical treatment. All other sections of the shopping centre, such as the Food Court and all the shops on the Shoprite wing of the mall are now operational. Mall authorities disclosed that an investigation has been ordered into the cause of the incident and that the public will be duly informed of the findings at the end of the investigation. The incident occurred at about 11:53 am and all necessary contingency measures were taken to ensure customer and public safety, as a full technical team comprising Engineers, Architects, NADMO Operatives and officers of the Ghana Police Service have been working assiduously on site to clear up the affected section for public use as soon as possible. Mall Management says it is hopeful that the entire mall will be operational by Saturday 13 October 2018 but reiterated that the facility’s benchmark for customer and public safety remains paramount and it would adopt every necessary step to safeguard these standards. Ends Denise Asare Marketing Manager Accra Mall –
Oct 17, 2018
Former President John Mahama has rubbished claims that his administration diverted funds meant for the construction of the Pwalugu dam. Addressing National Democratic Congress (NDC) delegates at Bongo in the Upper East region, the former president the funds for the project had not even been signed as of the time he left office. “We started the design, we’ve been working with the World Bank and we were trying to get the African Development bank onboard before we left office. Then somebody goes and says they diverted the Pwalugu money. It is not true. Pwalugu did not reach the stage where the funds had been signed onto.” “The money they are talking about is another dam in Juale, that is on the Oti River on the border between Ghana and Togo,” he added. Mr Mahama further explained that funds for the project were reassigned due to some compensation issues they did not get funding for. “The Brazilians were going to finance it, and they gave us $250 million and they said we should add $50 million. So the dam was to cost $300 million and it was a 50, 60 megawatts plant. But we realized that the water was going to spill over into Togo.” And so we asked the Brazilians to work out the compensation for the spillover into Togo “and it came to more than $100 million.” “So it came to almost four hundred and something million. So it was not looking feasible and Brazil said they were not going to add any additional money. So finally they agreed that you can apply the money to a different project, but it should be in the area where the dam was going to be so the people there would benefit. So it went back to Parliament and Parliament approved it and the money was re-assigned for the northern segment of the Eastern corridor road. And that is what was being built until NPP came and that one too has come to a standstill,” Mahama explained. The project was to be constructed as part of measures to manage the perennial flood in the area. Aside that, the project was to serve agricultural purposes and for the generation of cheap power for an industrial enclave in the Upper East Region
Oct 17, 2018
A media forum has jumped to the defence of the Director General of the Social Security and National Insurance Trust (SSNIT), Dr. Ofori-Tenkorang over what they described as attacks on his integrity. The forum in a statement expressed disdain at what they termed as unwarranted attacks on the personality and integrity of the experienced banker investment broker. The statement said: ‘’Dr. Ofori-Tenkorang has not only transformed SSNIT but also brought his expertise to bear in positioning SSNIT as an enviable institution. His outstanding leadership won him Procurement and Supply Chain Awards 2018. The Procurement Transformation CEO for his contribution to transparent procurement processes, cutting down costs, procurement evaluation and monitoring at SSNIT, which have invariably led to protecting the nation’s public purse- at the Procurement and Supply Chain Awards 2018m'' the statement added. Read Below the full statement: The Objective Media Forum has observed with disdain attempts by some individuals to attack the integrity of the Director General of the Social Security and Insurance Trust (SSNIT) Dr. Ofori-Tenkorang. These attempts are meant to denigrate, discredit and cast the outstanding SSNIT director in bad light. Dr. Ofori-Tenkorang has not only transformed SSNIT but also brought his expertise to bear in positioning SSNIT as an enviable institution. His outstanding leadership won him Procurement and Supply Chain Awards 2018 The Procurement Transformation CEO for his contribution to transparent procurement processes, cutting down costs, procurement evaluation and monitoring at SSNIT which have invariably led to protecting the nation’s public purse- at the Procurement and Supply Chain Awards 2018. Dr. Ofori-Tenkorang has developed innovative insurance solutions that combined traditional insurable risks with capital market risks, which improved earnings and reduced earnings volatility for corporations. He is also credited for developing an alternative asset classes for pension funds to achieve better diversification. The deliberate attempts by some faceless individuals to discredit hard working appointees and civil servants should not be encouraged. The selfish political interest of some few should not deprive Ghanaians and the state of competent men to manage the affairs of state. We wish to reiterate that, Dr. Ofori-Tenkorang was not appointed on political grounds but his competence and experience were considered. He must be allowed to work without any hindrance from within or outside government. He is a seasoned Investment Banker, Engineer, and Academic. He worked extensively in structuring and executing derivative transactions, and raising financing for several mining companies in Africa and South America. He worked with several multilateral lending institutions to provide innovative structured hedging facilities to commodity producers with low credit ratings, and with the AIG Africa Infrastructure Fund in private equity deal origination. We wish to conclude by admonishing the SSNIT boss to focus on working in the interest of the state and ignore the negative attacks being directed at him.
Oct 17, 2018
The Progressive People’s People (NPP), has said, Ghanaians are gradually learning from the deception and incompetence of the major two political parties- the National Democratic Congress (NDC) and New Patriotic Party (NPP). The party’s National Communications Officer, Paa Kow Ackon, told Rainbow Radio 87.5Fm that, these two political parties can be likened to a crocodile with two heads. These two parties he posited have plotted and always execute an agenda to deprive Ghanaians of better leadership, worsen their hardship and poor living condition. ‘’These two parties are not parties that have the nation at heart. They are incompetent, come in to mismanage our resources and steal from our scarce resources. They come in to rob the state. They only do less and spend on themselves. Ghanaians have accepted mediocrity and so we do not hold our leaders accountable.’’ The PPP’s national officer slammed the NDC for campaigning to return and change the nation in 2020 after they created damages in the country when they were in power. ‘’What is going on in Ghana is bad. It is unfortunate and unacceptable. God has blessed the country with rich natural resources and yet our leaders are unable to deliver the leadership to provide Ghanaians with the competent leadership to transform the country.’’ He was reacting to the 22-man delegation that accompanied Vice President Dr. Mahamudu Bawumia at the UN Geneva Conference. In his view, the public purse is being depleted, wasted and misappropriated. He slammed the government for using state resources to sponsor party foot soldiers on expensive trips at the expense of the taxpayer. ‘’What is the sense in this? It will get to a time we will stop paying taxes because our leaders keep misappropriating our resources. We pay taxes to get our roads fixed but we are rather witnessing our leaders misappropriating our resources. This is unacceptable.’’ Ghana he lamented is facing serious financial crisis with banks collapsing, people losing their jobs yet we have leaders living luxurious lifestyles.
Oct 17, 2018
President Nana Akufo-Addo has emphasized the need for us to work together in improving maintenance culture following the incident at Accra mall today [Thursday]. Parts of the ceiling at the Accra Mall have collapsed. Details available to rainbowradioonline.com indicate that one person has sustained injuries as a result of the incident. A viral video on social media saw some workers and patrons of the mall running for cover. The president is in a tweet wished the injured speedy recovery. The president who is currently in the tweet said: ‘’I am disturbed to hear the incident at the Accra Mall. Let us all work together to improve our maintenance culture. Speedy recovery to the injured.’’
Oct 17, 2018
The man said to be Africa's youngest billionaire has been kidnapped by masked gunmen in Tanzania's main city Dar es Salaam, police say. Mohammed Dewji, 43, was abducted outside a swanky hotel gym where he was going for his routine morning workout. Three people have been arrested in connection with the incident and two of the abductors were believed to be foreign nationals, police added. The motive for Mr Dewji's abduction is still unclear. Who is Mohammed Dewji? Financial magazine Forbes puts his wealth at $1.5bn (£980m), and has described him as Tanzania's only billionaire. In a 2017 report, it said Mr Dewji was Africa's youngest billionaire. Mr Dewji is also a major sponsor of one of Tanzania's biggest football teams, Simba. He promised in 2016 to donate at least half his fortune to philanthropic causes, Forbes said. Mr Dewji, locally known as Mo, is credited with turning his family business from a wholesale and retail enterprise into a pan-African conglomerate, reports the BBC's Athuman Mtulya from Dar es Salaam. His company, METL, has interests in textile manufacturing, flour milling, beverages and edible oils in at least six African states. Mr Dewji served as a ruling party MP for a decade until 2015. He told the BBC in a 2014 interview that this possibly made it easier for him to meet top politicians, but it did not give him an unfair advantage, as other businessmen also had access to them. Environment Minister January Makamba, a friend of Mr Dewji, tweeted that he had spoken to Mr Dewji's father and the family confirmed that he had been kidnapped. What more do we know about his abduction? The abduction took place in the affluent neighbourhood of Oysterbay. The kidnappers fired shots in the air before driving away with the billionaire, eyewitnesses said. Mr Dewji, a fitness enthusiast, had no security guards with him and had driven to the gym on his own, Dar es Salaam regional police commissioner Paul Makonda told reporters. Two of the kidnappers were white men, he added. Security personnel across Tanzania have been put on high alert in the hunt for the abductors, police said. Source: BBC
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