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The manager of the late dancehall artiste Ebony Reigns has lambasted the CEO of Zylofon Media for disclosing that, the late artiste begged him to bail her out by paying him $100,000. Ricky Nana Agyeman, known in showbiz circles as Bullet, who was infuriated told Accra based Okay FM that his artiste was worth more than $100,000. Speaking to Abeiku Santana Monday, he said the amount he spent on Ebony was worth more than $100,000. His comments follow revelations by Nana Appiah Mensah that Ebony begged him to bail her out from the hands of Bullet. In his first tweet Nana Appiah Mensah, talked about a successful meeting with the late “Maame hwe” hitmaker, it reads “we had a fruitful meeting and reached an agreement just last Tuesday. “Please help me pay him for my bailout. I want to be free”. I hope you`re free now and finds absolute peace in the bosom of the almighty God. Let`s pay CRITICAL ATTENTION to our female artistes. #RIPEBONY” His tweet drew wide condemnation from the public. Following the backlash, he clarified the tweet on Zylofon FM today [Monday]. “Yes, I had a meeting with Ebony on Tuesday and sadly, that was the first time we met and last time we spoke. It was a possible signing discussion with an artiste which is the first stage to determine the artiste’s interest or otherwise. In our discussion, she emphasized and it was agreed that before she goes out of the contract, she has to satisfy a termination clause in the contract by paying her record label Ruff Town Records an amount of USD$100,000 of which Zylofon Media was ready to fulfill. That was what she termed as a bail out and there was no way we could do that without reaching out to Ruff Town Recordz. But reacting to the issue, Bullet slammed Nana Appiah Mensah for even making his discussions he held with Ebony public. At no point did Ebony asked to part ways with me. She never did. Probably, it was the Zylofon team that chased her with money and wanted to forcibly sign her onto their label. Ebony he also revealed was rather dictating to management what she wanted done for her. She was not under any bondage that demanded a bail out. We did not make enough money from Ebony neither did we cheat her from the little we had,’ he said.
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has appointed Mrs Elsie Awadzi as the 2nd Deputy Governor of the Bank of Ghana. The appointment is, however, subject to consultation with the Council of State. Mrs Awadzi is an international economic and financial lawyer with a total of 21 years of professional experience working in various capacities in Ghana and internationally. Her key areas of specialization are financial sector development and regulation, financial stability assessments, design of crisis management frameworks and financial safety nets, and legal and institutional aspects of public financial management. She was until the appointment, a Senior Counsel of the IMF’s Legal Department (Financial and Fiscal Law Unit) with experience working on countries such as Japan, South Africa, and the United Kingdom; and advised on financial sector reforms in many countries in the context of the IMF’s surveillance, lending, and technical assistance activities. Before joining the IMF in 2012, Elsie was a Commissioner of Ghana’s Securities & Exchange Commission for six years, worked on key financial sector legal reforms in Ghana, and worked in private law practice, among others. She holds an LL.M. degree (International Business and Economic Law) with distinction from the Georgetown University Law Centre, an M.B.A. (Finance) from the University of Ghana and an LL.B. Degree from the same university.
Former Deputy Attorney General under former President John Dramani Mahama, Dr. Dominic Ayine has challenged the appointment of Martin Amidu as Special Prosecutor at the Supreme Court. The legislator is seeking for a declaration that by a true and proper interpretation of Articles 190(1)(d), 199(1), 199(4), and 295 of the 1992 constitution, the retirement age of all holder of public offices created pursuant to Article 190(1)(d) is sixty (60) years, anyhow not beyond sixty(65) years.; A declaration that by a true and proper interpretation of Articles 190(1)(d) and 199(4) of the 1992 constitution, no person above the age of 65 years is eligible for employment in any public office created under Article 190(1)(d; A declaration that by reason of his age, (66 years), Mr. Martin Alamisi Burns Kaiser Amidu is not qualified or eligible to be approved by Parliament as the Special under Section 13(3) of the Office of the Special Prosecutor Act, 2018 (Act 959); A declaration that by reason of his age, (66 years), Mr. Martin Alamisi Burns Kaiser Amidu is not qualified or eligible to be approved by Parliament as the Special Prosecutor under Section 13(3) of the Office of the Special Prosecutor Act, 2018 (Act 959); A declaration that by the reason of his age, (66 years), Mr. Martin Alamisi Burns Kaiser Amidu is not qualified to be appointed by His Excellency the President of the Republic as the Special Prosecutor under Section 13(3) of the Office of the Special Prosecutor Act, 2018 (Act 959); A declaration that any purported nomination by the Attorney General or approval by Parliament or appointment by His Excellency the President of the Republic of Martin Burns Kaiser Amidu as the Special Prosecutor under Sections 13(3), of the Office of Special Prosecutor Act 2018, (Act 959), is unconstitutional, and therefore, null and void; In the event Martin Amidu Burns Kaiser Amidu has already been vetted and approved by Parliament and/or approved by His Excellency the President of the Republic as the Special Prosecutor under Section 13(3) of Office of the Special Prosecutor Act 2018 (Act 959) prior to the final determination of this suit, an order annulling such nomination, approval and appointment.
Retired Ghanaian professional footballer and former assistant manager at Kaizer Chiefs in the Premier Soccer League in South Africa, John Painstil, has revealed why he has decided to go into full time coaching. Paintsil who had an illustrious career in Europe – playing for 9 years in the English Premier League after a wonderful stay in Israel with Hapeol and Maccabi Tel Aviv, says he took the best decision to become a coach as he was retiring. In an exclusive interview with Nhyiraba Kwabena Asirifi, on Total Sports Review on Rainbow Radio 87.5Fm, the retired footballer said he wants to give back to society and talented children just like he was given the opportunity by the late coach Afranie. Mr. Painstil said he is looking forward to becoming one of Africa’s best coaches and also get the chance to coach top teams in the world. ‘’I want to be one of Africa’s best coaches to coach the best teams in the world,’’ he said. He said my vision is to assist talented young players and give them the opportunity to explore and shine like I did. I want to scout for more talents and give them the platform to be noticed. John Painstil is currently the Head Coach for Vision Explorers. Paintsil is now focusing on learning the trade at the Vision FC Academy and hopes grooming the kids will be a step in the right direction as he bids to make a sturdy progress in his coaching career.
Renowned radio and TV broadcaster, Nathan Kwabena Adisi, popularly known as Bola Ray, has consistently stated that that there are no short routes in acquiring riches and success. The CEO of EIB Network who used to walk from Agbogbloshie to Legon because he closed late from work (Radio Universe) and could not afford to pay for a taxi ride, has become one of Ghana’s most successful business executives. He launched his book in 2017 tilted, ‘It is Possible’. The 320-page biography brings to life the over two decades of Bola Ray’s personal story which chronicles his life struggles and achievements, failures and successes from his High School days in Accra Academy to his current status as CEO of one of Ghana’s leading media organisations, his entrepreneurial passions, and contributions to the growth of the entertainment industry in Ghana and Africa in general. According to Bola Ray, his ultimate aim is to inspire people with his book “It is Possible” so they never give up in life. The story teaches about patience, perseverance, determination and hard work. However, a man of God, Minister George Akoteng, has linked the success of Bola Ray to the occult kingdom. Speaking to host of GH Entertainment, Kwesi Dadzie aka Mr. Handsome, on Rainbow Radio 87.5Fm, the man of God said Bola Ray’s wealth is not genuine but was given to him from the occult world. He did not minced words in saying that, Bola Ray joined the occult for fame, power, wealth and affluence. When asked for his proof, he said ‘’I do not need any proof. This is something God has revealed and that is what he is.’’ He also alleged that, the money Bullet, manager of Ebony received to set his studio from Bola Ray, was because he accepted to join the occult group. Bullet recently revealed in an interview that Bola Ray gave him $100,000 to set up his studio. The CEO of Rufftown Records/Midas Touch Inc, said he invested in the Ebony Reigns talent with the amount. “Bola Ray gave me $10,000 for free to start my record label.” Bullet told Zylofon FM. Bullet, until starting his own record label was under the management of Bola Ray’s Empire Entertainment Records. But reacting to the revelation, the man of Good said, Bola Ray did not hand over the money to Bullet for free but went into an agreement with him. He also alleged that, Ebony Reigns who was killed in a gory accident, was forced to also join the occult kingdom for power, fame and wealth and was killed because her time was due.
Chief Justice Her Ladyship Justice Sophia Akuffo has called for a broader consultation between between government, parents and education experts on the Free Senior High School Education policy to ensure its success. The success of the flagship education policy she stated would require more sacrifices and not just dialogue. Speaking at the 108th Speech and Prize Giving Day of Wesley Girls High School in Cape Coast, the second female CJ noted that just as parents have their roles in ensuring the sustenance of the Free SHS programme, the state also has its duty to play. “It’s imperative to engage with school managers in frank and open dialogue with a view to ensuring the overall success of the policy,” she said. She added: “The challenge of increasing access to SHS education while maintaining and even improving standards requires very nimble thinking and constant innovations. Sacrifices are being made to make this quality education free.” President Akufo-Addo has says even though there may be challenges in the implementation of the free senior high school policy, he is determined to make it succeed at all cost.
The National Democratic Congress (NDC) MP for Kintampo North constituency, Mr. Kwasi Etu-Bonde, has underscored the need for government to improve upon our road sector. A good road network he posited would help improve upon the agric sector and generate more revenue for the state. Speaking to Kwame Tutu on Rainbow Radio 87.5Fm, he asked government to also consider what he termed ‘’demand driven’’ approach towards sustainable agriculture., Touching on the flagship agric policy, ‘Planting for and Jobs’, he said the policy only focuses on planting and jobs, with no clear direction on how best the farmers can sell their produce. According to him, if government is able to do that, we will reduce the importation of basic staples. ‘’If we do not concentrate on agriculture marketing, then we should forget it,’’ he said. He said, ‘’ Agriculture is one sector that can really turn things around in this country but the government seems to be paying only lip service to it.’’ Government, has argued that the programme has registered suppliers to distribute farm produce to public institutions to ensure availability of quality food in a timely manner to Ghanaians. , It has revitalized the National Buffer Stock Company to procure, store and distribute the outputs from the Planting for Food and Jobs and other programmes of the Ministry. But the legislator says the claims by authorities cannot be entirely true.
Mr. Martin Amidu, the nominee for the Office of Special Prosecutor is expected to be grilled for hours by Parliament’s Appointment’s Committee tomorrow [Tuesday]. His vetting is expected to be the longest in history, Minority Chief Whip, Muntaka Mubarak has hinted. The Minority had earlier promised to grill the former attorney general who fell out with his party, the National Democratic Congress (NDC). Minority Leader, Haruna Iddrisu, asked the nominee to prepare himself for the ‘fire’ ahead of him tomorrow. He said the minority members of the Appointments Committee will undertake their constitutional responsibility of subjecting the nominee to scrutiny when he appears before it. But Mr. Amidu in a statement said he will personally have nothing to lose or win when he appears before the committee tomorrow. He also indicated in his statement that he would have been overwhelmingly endorsed through a national referendum but the Special Prosecutor Act (Act 959) gives the power to the Parliament of Ghana. He said: ‘’One thing I know from the outpouring of support for the President’s nomination of my humble self as the Special Public Prosecutor is that if the President’s wishes were put to a national referendum, all the 275 constituencies of the country will return an overwhelmingly positive endorsement for his choice. But the Office of the Special Public Prosecutor Act (Act 959) gives the power of approval to the Parliament and it is important that everyone complies with the Act and the instructions issued by the Committee for the public hearing. Only two outcomes are possible after the public hearing – to approve or disapprove the President’s nominee. Whatever the outcome, I will have nothing personally to win or lose. I accordingly urge every Ghanaian unable to attend the hearing personally to stay calm and await the outcome. I will forever remain grateful for the outpouring of support across the country on the occasion of the President’s announcement of my nomination for approval as Special Prosecutor,’’ he added.
The central bank’s fast pace of monetary policy easing is expected to slow down this year on the account of high inflationary pressures, Groupe Ndoum (GN) Research has forecasted. The Monetary Policy Committee (MPC) of the Bank of Ghana last year reduced the policy rate by a cumulative 550 basis points with the trend tipped to continue into 2018, but GN Research is forecasting a slow-down in the rate of reduction. At the first MPC meeting for 2018, the central bank stayed the policy rate at 20 percent – citing a rise in inflationary pressures, the same reason GN Research is attributing in its forecast released last week. “World inflation is expected to increase, reflecting higher prices of oil and other goods and services. This should be reinforced in the case of Ghana by the expected depreciation of the local currency. This means that the drop in cost of borrowing will be slower than experienced last year, and the calls by industry for a substantial decline in interest rates may not occur in 2018,” the research firm said. According to GN Research, the United States of America, especially, is expected to record increased inflation pressure in 2018. Also, the expected weak performance of the dollar should translate into stronger performance of the British pound and euro, due to increased substitutability. “The Federal Reserve has already given indication that it will increase its rates throughout the year in a move to manage the inflationary pressure, and also to strengthen the dollar,” the research firm said. The cedi recorded end-year depreciation of 5.15 percent, 14.83 percent and 19.38 percent against the US dollar, the British pound and the euro respectively in 2017, compared to 10.68 percent, -7.48 percent and 7.37 percent in 2016. In January 2017, the cedi lost 1.69 percent, 2.93 percent and 3.85 percent against the US dollar, the British pound and the euro respectively, relative to 0.19 percent, 5.11 percent and 4.09 percent recorded in the same period of 2018. On the whole, performance so far in 2018 is worse compared to 2017. In 2017 crude oil prices increased by about 6.5 percent, reaching a high of US$61.17 in October and a low of US$45.45 in June. This helped in generating more foreign exchange to support the currency. However, ex-pump prices went up by an average of 8 percent in 2017 – with an about-15 percent increase in transport fares. This notwithstanding, inflation fell by 3.6 percentage points in 2017 while the monetary policy rate fell by 5.5 percentage points over the same period. During the year, inflationary expectations rose at certain points in time. But this was usually subdued by higher growth prospects, making it possible for the central bank to reduce the policy rate. Economic growth was estimated to be 8.7 percent in 2017. This was on the back of consolidation of macroeconomic stability and improvement in the power crisis. Both the government and World Bank are projecting a lower economic growth rate in 2018 relative to 2017. Government in the 2018 budget projected an overall growth rate of 6.8 percent, while the World Bank projected growth to be at 8 percent. Source: thebfonline
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