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Rainbow Radio - Items filtered by date: Friday, 02 November 2018
Black Stars captain, Asamoah Gyan, has finally broken his silence about the discourse over his marriage which has been in the news and public domain within the past week. Gyan has admitted that his marriage is on the rocks but clarified that the process that is ongoing at the Accra High Court is not a petition for divorce but an annulment process. He also cautioned media outlets and members of the public against the misinformation being peddled about his marriage. A statement signed by his lawyer Mr Edwin Kusi Appiah and made exclusively available to Graphic Online (www.graphic.com.gh) today (November 2, 2018) said, “Our client has noted the level of misinformation as well as the veiled and sometimes open attempt to discredit him, his family and or his friends and therefore we write for and on behalf of Mr Asamoah Gyan on matters that have come to his attention because they have been largely publicised and talked about within the media space across the country.” Background There has been much talk about the Ghanaian international footballer and Turkey-based Kayserispor attacker in the Ghanaian media space throughout this week that he has sought a divorce from his wife who he married over the past thirteen years and had also asked that a DNA test be ran to determine the real father or otherwise of his children. Statement The statement said: “Our client has no interest in discussing his marriage in public but the only correction he wishes to make on the foregoing is that the process that is ongoing at an Accra High Court is not a petition for divorce but an annulment process.” The statement, therefore, asked the various media houses to be careful about what they publish on the subject in order that the children at the centre of the issue are not stressed. It further stated that “much as our clients has no interest in discussing his marriage in public, he will hold any person, media or otherwise, to strict account on any or all things that are published about him or his children which are untrue or unpalatable.” “For all those sections of the media and faceless outlets that have begun some sort of vendetta against our client and his ilk, please consider this letter as one, before action. If you feel inclined to test our clients resolve, then prepare yourself to do as much in the court of law,” the statement added. Well-wishers The statement also expressed gratitude to all of Gyan’s well-wishers urging them to desist from commenting about his marriage. “To those with good intentions and loyal fans of our clients, to persons who on their own begun an effort to redeem our client’s name, our client expresses his sincere gratitude but will plead nonetheless for them to stop any publications of what is, or not about our client’s marriage.” Source: graphic.com.gh
Published in General News
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Nana Addo Swears In Seven Ministers

President Nana Akufo-Addo has today [Friday] November 2, 2018 sworn in office seven Ministers of State who were approved by Parliament’s Appointment Committee. The ministers, who were sworn-in include Kojo Oppong Nkrumah as the Information Minister; Brong Ahafo Regional Minister, Evans Opoku Bobie; Gender Minister, Cynthia Morrison; Upper East Regional Minister, Paulina Abayage; and two other Deputy Ministers for Eastern Region, Samuel Nuetey Ayertey and for the Brong Ahafo Region, Martin Oti Gyarko. The president in his address admonished his appointees to work hard in order for the party to fulfil its campaign promises they gave Ghanaians in 2016. He admonished his officials to remain focused and work to at delivering on all the other promises. “We have to work together so that the things that we told the Ghanaian people that got them to give us their confidence and trust we can deliver them. We’ve delivered some; there are still others to go. But if we all continue to work hard and keep our eyes on the ball, I’m very confident that when the 4 years are over we will be able to give a good account of ourselves to the people of Ghana,” he added. The Minister of Information, Mr Kojo Oppong Nkrumah, speaking on behalf of the minister thanked the president and promised to deliver as expected.
Published in General News
President Nana Akufo-Addo has admonished his ministers to work hard in order to ensure the promises they gave Ghanaians in 2016 are materialised. The president has also stated that the competence being employed by his administration is gradually clearing the “mess” left behind by the Mahama government. The president who was speaking at the swearing in ceremony of some seven Ministers of State approved by Parliament this week, urged the ministers to work hard to help the government deliver on its mandate. He admonished his officials to remain focused and work to at delivering on all the other promises. “We have to work together so that the things that we told the Ghanaian people that got them to give us their confidence and trust we can deliver them. We’ve delivered some; there are still others to go. But if we all continue to work hard and keep our eyes on the ball, I’m very confident that when the 4 years are over we will be able to give a good account of ourselves to the people of Ghana,” he added. The ministers, who were sworn-in include Kojo Oppong Nkrumah as the Information Minister; Brong Ahafo Regional Minister, Evans Opoku Bobie; Gender Minister, Cynthia Morrison; Upper East Regional Minister, Paulina Abayage; and two other Deputy Ministers for Eastern Region, Samuel Nuetey Ayertey and for the Brong Ahafo Region, Martin Oti Gyarko.
Published in General News
The Supreme Court has dismissed a contempt case against the Chairperson of the Electoral Commission (EC), Mrs Jean Mensa, her two deputies and the Attorney-Genera (A-G), Ms Gloria Akuffo. Three persons — Mayor Agbleze, Destiny Awlimey and Jean Claude Koku Amenyaoglo — wanted the court to commit Mrs Mensa, her two deputies — Dr Eric Bossman Asare and Mr Samuel Tettey — and the A-G for contempt due to last month’s limited voters registration exercise. The limited registration exercise was organised by the EC from September 16 to 25, 2018 for prospective voters in the December 27, 2018 referendum on the proposed new regions. The three applicants filed the contempt case on October 19, 2018 after initiating an action to challenge the government’s decision to limit the referendum to only the beneficiary areas. It was their contention that the EC, by organising the limited registration exercise, had brought the administration of justice into disrepute, especially since they had filed an application for interlocutory injunction to restrain any process related to the referendum until the final determination of their action. Although it was the EC that organised the exercise, the applicants wanted the A-G to be committed for contempt on the basis that the government provided logistic support for the exercise. Mrs Mensa, Dr Asare, Mr Tettey and Ms Akuffo were all present in the court last Wednesday to know the fate that awaited them as a result of the contempt charge brought against them. Dismissal In a unanimous decision, the seven-member panel of the court threw out the contempt application. “The respondents are not in contempt. The application for contempt is, therefore, dismissed,’’ the court declared. It stated that the reasons for the dismissal were in the court’s full ruling which would be deposited at the court’s registry. The seven-member panel was presided over by Mrs Justice Sophia Adinyera, with Mr Justice Jones Dotse, Mr Justice Anin Yeboah, Mr Justice Samuel K. Marful-Sau, Ms Justice Agnes M. Dodzie, Mr Justice Nene A Amegatcher and Prof. Justice Nii Ashie Kotey as members. Applicants’ case Making a case for the contempt, counsel for the applicants, Mr Albert Quashigah, argued that the respondents exposed the court to ridicule by going ahead with the registration exercise, since the court had not yet determined the injunction application. “What was the use of the injunction if the exercise had already been done? The action of the respondents caused the court’s respect and stature to sink in the eyes of law-abiding citizens,’’ he said. Counsel submitted that the only way to remedy the situation was to punish the respondents, as their conduct “had set a bad precedent’’. At that point, Mr Justice Dotse asked counsel when his clients had filed the application for interlocutory injunction, to which counsel answered September 18, 2018. The other members then asked counsel if that did not mean that his client had filed the interlocutory injunction two clear days after the registration exercise had started. Counsel answered that the EC should have stopped the registration exercise when the injunction was filed. A-G’s opposition In his response, a Deputy A-G, Mr Godfred Yeboah Dame, described the application for contempt as procedurally and factually incompetent and urged the court to dismiss it. According to him, the application for injunction that gave rise to the contempt application was defective because as of the time the applicants filed it, they had not filed a statement of case in support of the substantive action. “You cannot seek reliefs based on an action that was not properly constituted before the court,’’ he argued. He also submitted that the applicants erred in law by naming the A-G as a respondent in the contempt application. His argument was that the A-G could only be held liable in a civil proceeding regarding a public institution or official but not in a quasi-criminal matter such as contempt. According to him, the appropriate thing was for the applicants to name the three EC bosses as the respondents but not the A-G. “The application, both in substance and form, should be dismissed,’’ he said. Injunction withdrawn Another issue that came up was a submission by counsel for the three EC bosses, Mr Justine Amenuvor, that the interlocutory injunction was not personally served on his clients but served on a clerk at the EC. The court inquired from Mr Quashigah if that was what happened, and he answered that since the EC was an institution, there was nothing unlawful about serving the injunction on a worker of the EC. But the court schooled him that since the injunction was to stop the whole registration exercise, there was the need to serve it on the principal officers of the EC. “The clerk has no power to stop the registration exercise; it is the commissioners. The most sensible thing was to serve the chairperson or her deputies. You just went and threw it on a clerk,’’ Mrs Justice Adinyera said. After the reservation expressed by the court, Mr Quashigah withdrew the application for interlocutory injunction. The court has directed the parties to file their legal addresses on a legal objection raised by the A-G that the applicants failed to properly invoke the jurisdiction of the court in the substantive case. Hearing continues on November 14, 2018. Plaintiffs’ case On September 12, 2018, Agbleze, Awlimey and Amenyaoglo filed a case at the Supreme Court challenging the government’s decision to limit the referendum for the creation of six new regions to only the affected areas. The plaintiffs invoked the original jurisdiction of the Supreme Court to interpret portions of the 1992 Constitution with respect to the holding of referenda in the country. Attached to the suit as defendants are the A-G and the Electoral Commission (EC). According to the plaintiffs, the decision to limit the referendum to only the six areas where the proposed regions would be created violated articles 5 (1) (a) and (b), 5 (4) and 42 of the 1992 Constitution. Background On August 15, 2017, the Council of State advised President Nana Addo Dankwa Akufo-Addo to appoint a Commission of Enquiry to look into the need to create six regions and make recommendations on all the factors involved in the creation of the new regions. The commission, which was established pursuant to Article 5 of the 1992 Constitution and Constitutional Instrument (CI) 105, commenced work on November 21, 2017. On June 27, 2018, the Justice Brobbey Commission presented its report to President Akufo-Addo and recommended the creation of six new administrative regions, namely, Oti, Ahafo, Brong East, Western North, North East and Savannah. The Commission of Enquiry recommended to the President that the referendum be limited to the proposed new regions. Consequently, the EC has set December 27, 2018 for the referendum. Source: GraphicOnline
Published in General News
Chartered Economist, Emmanuel Amoah Darkwa, has suggested the laxity in the law that regulates the banking sector has increased ponzi schemes in the country. In an interview with Kwame Tutu on Rainbow Radio 87.5Fm, Mr Darkwa said, because the regulator, Bank of Ghana (BoG), has enforced sanctions where necessary, people have taken advantage and defrauding people. The Deposit Protection Act passed in 2016 he noted was initiated to protect depositors from unforeseen circumstances that may result in loss of funds. He said, due to the laxity, some financial institutions without licenses take advantage, take customers deposits and later deprive them of it. These unlicensed depositors taking companies, promise customers lucrative and unrealistic returns but fail to pay when the time is due. ‘’What they do is to rob Peter to pay Paul,’’ he added. Ghanaians he said are generally ‘greedy’ when it comes to the issue of money and are unable to do due diligence before investing their monies. Using himself as an example, he said, I once invested my money at Safeway Tilapia Investment, which is now defunct. The investment company he decried promised customers huge returns, returns that were unrealistic. Customers he said were promised more than 80 percent of their principal amounts. In 2016, the company halted operations. It was established that the company was indebted to customers to the tune of GHc27 million. Sharing his experience he said, greed and the lack of proper investigation into some of these ponzi schemes make p[people lose their hard earned cash to these unlicensed companies. Mr Emmanuel Amoah-Darkwa advised Ghanaians to compare the normal treasury rates to the returns promised by some of these investment companies before investing their monies. He called for a broad stakeholder consultation and more powers for the Central Bank in order for them to clamp down on unlicensed companies operating as deposit taking institutions. The issues in the financial sector are becoming national security issues and I encourage the national security to intervene, he added. In 2017, the Bank of Ghana (BoG) served notice that it will begin the implementation of the Ghana Depository Protection Act, 2016 (Act 931) in the second quarter of the year. The Act, which was passed by Parliament in 2016, was introduced to protect depositors from unforeseen circumstances that may result in loss of funds. According to the law, depositors whose monies get locked up in financial institutions during crisis may receive up to GH¢6,250 in compensation. The Deposit Protection Fund Corporation will pay this.
Published in Business
Some aggrieved customers of First Allied Savings and Loans in Kumasi, have threatened to beige the Adum Branch of Bank of Ghana to demand for their locked up cash. The customers being led by one Mr Stephen said, nobody would stop them from staging the protest. We will not be scared and it will take gunshots to stop us from staging the protest on Monday. He told Kwame Tutu on Rainbow Radio 87.5Fm that, the Central Bank authorized the activities of the Savings and Loans Company hence their resolve to stage the demonstration. ‘’The media will hear from us from Monday. We will storm the Bank of Ghana and prevent them from working. Unless they shoot and kill us, we will not allow them to work.’’ Mr Stephen said, his locked up cash is more 20 billion old cedis and because the money is locked, he is unable to import and do business. He recounted how a female customer of the company died after staying at the Roman Ridge branch of First Allied for four days in demand for her money. He also expressed disappointment in President Akufo-Addo for failing to deal with the financial crisis in the country. ‘’We will punish him in 2020 for making us feel disappointed in voting for him and his party,’’ he added. The Ashanti regional minister, Simon Osei Mensah has said the petition he received from some aggrieved customers would be sent to the economic management team for redress. He made the comments after some customers petitioned him over their inability to withdraw their deposits last month. First Allied has also stated they have not deliberately kept customers’ cash and refused to pay.
Published in Business
A customer of DKM Microfinance, Mr Eric Adjei, has disclosed on Rainbow Radio he is yet to receive his locked up cash from the defunct company. Speaking Frontline today [Friday], he said, residents in the Brong Ahafo region were made aware that former President John Dramani Mahama and his wife Lordina Mahama were behind the fraud. ‘’The NPP told us it was Mr Mahama and his wife who were behind the fraud and so we should vote for them so they will retrieve our monies for us. But when the Finance Minister, Mt Ofori Atta was vetted, he told the committee it was not part of their manifesto and so they will not pay.’’ Mr Eric Adjei wondered why the faces behind DKM, God is Love and Jester Motors have not been arrested. ‘’Some NPP officials who championed the DKM saga have been appointed by the president and so they have forgotten about us. President Akufo-Addo has disappointed and deceived us. They deceived us into voting for them. We want to remind them that, the curses we invoked on former President Mahama, would be invoked on them too. They cannot deceive us and be allowed to go unpunished.’’ Mr Eric Adjei indicated that, the state of the financial crisis in the Brong Ahafo region, has not been resolved, apart from what Mahama did, the current administration has not done anything new. The NDC he stated lost the 2016 polls because of the DKM issue but the NPP has neglected the issue. They will come back in 2020 to seek our votes. We will punish them just like we punished the NDC.’’ Meanwhile, government says it has paid 90 percent of customers who lost their monies through the scam. Deputy Information Minister, Pius Enam Hadzide, explained that, all those whop had their monies locked up at DKM have been paid through the official liquidator. Background President Nana Akufo-Addo then Presidential candidate of the New Patriotic Party (NPP) said his government will investigate issues surrounding the tier-two pension funds and the DKM scandal. According to him, it was befuddling that the Mahama government had failed to completely deal with the issues regarding the pensions over the years. Speaking at a rally in the Brong Ahafo region, the NPP flagbearer said his government will lift Ghana from its current state to a whole a new level, if he wins the December polls. "I will investigate government's inability to pay the monies owned as well as investigate the DKM scandal and to ensure that there would be total restoration to all affected in both scandals".
Published in General News
The CEO of Menzgold, Nana Appiah Mensah, has moved to assure Ghanaians that the gold dealership firm will not fold after the Deputy Minister of Finance controversially claimed that the company was on the verge of being closed down in the country. Mr Mensah said claims that the gold dealership company is a financial is not accurate insisting the company only does gold trading contrary to the claims of the authorities. Charles Adu Boahen sparked fear and panic in the country on Thursday during the JoyBusiness Financial Service Forum when he implied that Menzgold will not be operation in Ghana again. The deputy minister made the bizarre claim at the public gathering even though there is a legal battle between Menzgold, the Bank of Ghana and the Securities and Exchanges Commission (SEC) at the Accra High Court. Despite the ongoing legal tussle and the final determination of the status of Menzgold by the court, Boahen jumped the gun by hinting that they will not allow the company to operate in the country again classifying it as a financial institution. “With the Menzgold issue, I think it is clear that the end is here. He is done,” Boahen said at the JoyBusiness Financial Service Forum. The statement of the Deputy Minister looks have spurred the CEO of Menzgold who insists they are operating a legal business, assuring customers they are not on the verge of being closed down. “Menzgold is NOT a financial institution. Menzgold is a vibrant promising African brand that is here to stay. Menzgold is law abiding,” Nana Appiah Mensah wrote on Twitter on Thursday night. The statement by Mr Mensah is bound to calm the nerves of thousands of Ghanaians who are customers of the gold dealing firm who were sent into panic mode following the claims of the Deputy Minister. Menzgold on September 27, 2018, hauled the Securities and Exchange Commission (SEC) and the Bank of Ghana (BoG) to court over what it deemed as an unfair treatment being meted out to the company. Menzgold in its suit is seeking an order from the court to halt these two state institutions from interfering in its business and operations. The gold dealership company is also asking the court to stop the BoG and the SEC from further publishing what it described as “derogatory notices” against its business. The statement by the Deputy Minister of Finance could be seen to be contempt of court as the matter is still being addressed at the Accra High Court. Menzgold is NOT a financial institution. Menzgold is a vibrant promising African brand, that is here to stay. Menzgold is law abiding. Great is thy faithfulness, O! God. Hail! Menzgold #Floreat! Menzgold #Jehovahknows #JehovahSees #GhanaShallProsper pic.twitter.com/aHTemphr0n — Nana Appiah Mensah (@mn_appiah) November 1, 2018 Credit: Zylofon Media
Published in Companies
Sports Minister, Mr Isaac Asiamah has declined to comment on the ‘missing’ GHc16million funding for the construction of the New Edubiase Sports Stadium. In a telephone call, the minister told Rainbow Radio 87.5Fm he has handed over the case to National Security hence, his inability to comment on it. Mr Asiamah said he is now a minister and must be seen engaging in banter with anyone on the matter. The case he stressed is being investigated by National Security and has admonished Ghanaians to exercise patience and allow the investigation to go on. Former Minister of Youth and Sports, Nii Lante Vanderpuye slammed him [Asiamah] for failing to engage him on the alleged missing GHc1.6 million meant for the New Edubiase Sports Stadium. The MP for Odododiodoo constituency was worried the minister who is also a legislator failed to ask him about the matter and has come public with the issue in an attempt to denigrate him. But the minister says he was only doing his job. The current Sports Minister, Mr Isaac Asiamah has revealed before parliament that, his ministry cannot trace the source of funding for the New Edubiase Sports Stadium. According to the Sports Minister, the funding for the project was not captured in the budget for 2015 and 2016, and there is no evidence of sponsorship for the project. The minister further disclosed that, a payment of one million, six hundred and fifty thousand, two hundred and seventy-one Ghana Cedis (GH₵1,650,271.00) had been received in cash by the construction company in charge of the project, Shakdeen Limited from the then Sports Minister, Nii Lante Vanderpuye.
Published in Sports
Former Minister of Youth and Sports, Nii Lante Vanderpuye has slammed the current Minister, Mr Isaac Asiamah for failing to engage him on the alleged missing GHc1.6 million meant for the New Edubiase Sports Stadium. The MP for Odododiodoo constituency was worried the minister who is also a legislator failed to ask him about the matter and has come public with the issue in an attempt to denigrate him. The current Sports Minister, Mr Isaac Asiamah has revealed before parliament that, his ministry cannot trace the source of funding for the New Edubiase Sports Stadium. According to the Sports Minister, the funding for the project was not captured in the budget for 2015 and 2016, and there is no evidence of sponsorship for the project. The minister further disclosed that, a payment of one million, six hundred and fifty thousand, two hundred and seventy-one Ghana Cedis (GH₵1,650,271.00) had been received in cash by the construction company in charge of the project, Shakdeen Limited from the then Sports Minister, Nii Lante Vanderpuye. The issue has been referred to the BNI to investigate. Reacting to the issue on Frontline on Rainbow Radio 87.5Fm, Nii Lante Vanderpuye, disputed the claims and jabbed the current minister for peddling lies about him. According to him, he was not the Bank of Ghana to be paying contractors. “I am not an accountant of the Ministry of Youth and Sports. As a minister, I don’t handle money. So I don’t make payments. I don’t pay cash. I don’t pay money to anyone. I don’t write cheques because I am not a Chief Director too.” “So if any payments were done, the payments were done by the Ministry of Youth and Sports through the officials of the Ministry of Youth and Sports mandated by law to do those things and not me,” the former Minister insisted.
Published in Sports
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