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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.
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
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.
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”
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.
Morning show host of Frontline on Rainbow Radio 87.5Fm, Kwame Tutu, has admonished President Akufo-Addo to stop talking and crack the whip on lawlessness in the country. The show host on Wednesday expressed disappointment in the president for failing to deal with lawlessness in the country despite being a lawyer. In mincing no words, Kwame Tutu said, the president likes talking but has failed in dealing with issues bothering Ghanaians on law and order. In his view, the president has disappointed Ghanaians because he was seen as a man who was firm but the lawlessness in Ghana has exposed his weakness. ‘’If we fail to deal with lawless people and deal with lawlessness, and indiscipline in Ghana, we will not develop. We will continue to suffer and our next generation would also come and suffer the more,’’ he posited. ‘’Some people are engaging in lawless activities and yet they have not been punished…I am appealing to the leaders in charge of maintaining law in the country to deal with these matters. Our laws are not working effectively. Although we have courts in the country and other institutions in charge of law and order, the laws are not working.’’ He spoke about examination leakages especially the one recorded at the law school and the recent and first ever licensure exams, which started on Monday. ‘’It is disgusting, shameful and sorrowful for an examination meant for law students; a noble profession to leak and yet, nobody has been punished, the general legal council and the chief justice have not done anything about it,’’ he added. ‘‘This is the zenith of shamefulness and disgrace in this country. We did not hear from parliament, the NDC, the president and others. We did not hear from the Majority Leader. When it is about the development of our country, you will not hear from people,’’ he lamented. He made reference to the investigations being conducted by the US on its president, Donald Trump, and said it would not happen in Ghana if a top leader breaks our law for him or her to be investigated. He stressed, ‘’I am getting disappointed in Nana Addo Dankwa Akufo-Addo as a lawyer. I thought the president posturing was to give us hope.’’ ‘’We must allow the law to work...A country where politicians allow people to sell in the street to the extent that, these hawkers are in the middle of the street. The indiscipline and lawlessness cannot allow us to develop.Mr president stop the talking and act. I am getting disappointed and I know Ghanaians are also disappointed, so stop the talking and act. Allow the laws to work,'' he concluded.''
Deputy General Secretary of the opposition National Democratic Congress (NDC), Koku Anyidoho, has denied authoring statement-describing supporters of former President Mahama as bootlickers. The deputy scribe who is vying for the position as general secretary in the statement said, ‘’It has come to the notice of Koku Anyidoho, a write up being circulated on social media, and some news portals purported to have been authored by me, urging NDC members to a particular course.’’ The earlier statement purportedly coming for Mr Anyidoho said “The NDC must filter itself clean of people who now surprisingly portray themselves as hallowed bootlickers of former President Mahama, yet not very long ago were operating from the wardrobes of Vice President Aliu Mahama against the Presidential bid of H. E President John Evans Atta-Mills.” “Be that as it may, the venerable and never-vindictive Professor Mills, defied cautious counsel and brought all of them under his fold including their avowed deity who led the party to it most miserable defeat. They fail to ask, what happened to the vibrant, strong NDC Prof. Mills left?” “The NDC that these “Latter-Day Saints”, who shout their phony love for the party so hard now is certainly not what Prof. Mills left us. The one that had members as true Cadres of the principles of probity and accountability.” But Mr Anyidoho has flatly denied the statement saying, ‘’I want to state without any doubt that, I have not written or cause to be written any letter, article, or any document in whatever form addressed to NDC members, any group, or intended to share my opinion. This can only emanate from people who are bent on creating mischief, division, and hate that will derail the progressive course and cohesion of NDC. I therefore urge all members to disregard the purported write up and treat it with the contempt that it deserves.
The Mayor of Accra, Mohammed Adjei Sowah, has urged city dwellers to use social media as a tool to help change negative behaviour towards sanitation. According to him, the considerable rise in the use of social media provides not only an opportunity to reach a large audience but also contribute to improve knowledge and attitude towards sanitation in the city. The Mayor made this known at the launch of the social media week at Accra Mall on Monday, under the theme "CLOSER". He said social media has enabled the Assembly give real time information about Accra and has subsequently gotten feedback on happenings in the city, adding that it has boosted the assembly's interaction with city dwellers. He urged city dwellers to follow, like and share information on the Accra Metropolitan Assembly’s social media handles,Facebook: Accra Metropolitan Assembly (@AccraMetropolis), Twitter: @AccraMetropolis, Instagram: AccraMetropolis, Youtube: AccraMetropolis in order to help change the attitude of citizens towards a clean Accra. Mayor Adjei Sowah pointed out that social media has afforded the Assembly the ability to tell its own story and it was a phenomenal tool for development. "Through the Assembly's social media handles, city dwellers are able to send shots of filthy places within the city for immediate redress by the Assembly," he said. "The purpose for this week long event is to explore the conflict between individuality and the community. It is important we put out the right content on social media so that we will be able to communicate with and educate a lot of people. There is a lot that we can do with social media, it is not intended to kill the traditional media but to complement the whole communication outreach of our lives, “he added. The Chief Executive Officer (CEO) of the Ghana Tourism Authority, Mr. Akwesi Agyemang, tasked social media users to ensure that what they shared on social media were real so that people could believe in their brand. "The theme for the social media week "closer" is apt, closer not colder and how do we ensure that in the closeness we build trust, how do we make sure that in the closeness we don’t believe in our own propaganda. It’s not about the technology, it’s about content. Content that we are sharing on social media is real so that people can trust us for the things that we put out, so that people can believe the brand that we sell on social media," he added. Mr. Victor Bannerman-Chedid, the Head of Products, Pricing and Services at Vodafone Ghana, adding his voice at the event indicated that in Vodafone Ghana's quest to empower small and emerging businesses as a major sponsor of the social media week, it would register thousand (1,000) businesses online using Facebook and google directory, have a huge social media master class and then put across the red hub platform which would introduce SMEs to digital platforms and the whole digitization process. He stressed that "social media is a much bigger agenda than what we think, it is not just about what we post, it’s really about the future that is dynamic and exciting and that we cannot escape. Companies that are not able to address their customers online are losing customers even in Ghana." Mr. Bright Ayaaba, the Chief Operating Officer (COO) of Echo House, the organizers of the social media week, touched on the need for Ghana to own the next generation platforms and not only talk about what already exists and how to leverage on it but to work on how to create exciting content in Africa in order to compete with the western world. He added that there was the need for Ghanaian marketers to get bolder in their endeavours. "How do we create such exciting content that our products and our services are infused in it to get our brands across Africa so to win Africa before we conquer the world, how do we make sure that we own our own next generation platforms and not just talk about what exists already and how to leverage on it. What we want to say is closer means being bolder, we need to make bolder decisions, we need to take bolder steps to be able to win the future," he emphasized.
The Second Lady Samira Bawumia has donated books to schools in the Wenchi and Techiman Municipalities in the Brong Ahafo region. Ten schools benefited from her benevolence under the auspices of her not-for-profit organization – the Samira Empowerment and Humanitarian Projects (SEHP). Announcing the package to the schools during the celebration of International Literacy Day, Mrs Bawumia was optimistic it will go a long way to cultivate a habit of reading in students. “As part of the activities to celebrate International Literacy Day and in commemoration of Prof. Kofi Abrefa Busia, I am donating books to 10 schools in the Wenchi and Techiman Municipalities, as part of our Library in a Box project. I believe that cultivating a habit of reading is important, and will provide a springboard for our students to excel,” the Second Lady stated. Mrs Bawumia donated the books during the Busia 40th Anniversary celebration at Wenchi in the Brong Ahafo Region on Saturday, 8th September 2018. She advised students to make reading a habit to broaden their knowledge as well as make them critical thinkers. “I encourage all of us here to let us join hands to promote reading across different disciplines,” Mrs. Bawumia stressed. She added: “As a priority, let us engage students in extensive reading and help them become self-directed readers.” Mrs. Bawumia promised to use SEHP to “contribute significantly to raising the next generation of leaders and critical thinkers” such as the late Prof. Kofi Abrefa Busia among others. “As we celebrate the late learned Professor, we are reminded of the theme for this year’s International Literacy Day - ‘Literacy and Skills Development’. “Professor Busia's scholarly contribution was invaluable and is regarded as one of Africa's most influential scholars whose parallel academic and political career made for a good blend of academic and practical knowledge to solve problems,” she extolled the late academician. Over the years, SEHP has been at the forefront in improving literacy, critical thinking and cultivate a culture of reading among pupils in Ghana. International Literacy Day is an occasion to remind all about the importance of the ability to read and write, as well as highlight the opportunities that could be taken up by those who learn these skills. The Day is also used to celebrate the successful endeavours of individuals and organisations that have made outstanding contributions in education.
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