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04/08/2022

Most people lacking Ghana Card are ‘die-hard’ NDC Members — Ursula Owusu-Ekuful

02/08/2022

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30/01/2022

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25/10/2021

EC invites police to investigate Mahama's claims of 1million thumb printed ballots

The Electoral Commission (EC) has called on the Police to investigate claims made by former President John Mahama that the commission thumb printed one million ballot papers to favour President Nana Addo Dankwa in the 2020 presidential election.
At the Let the Citizens Know series held in Accra Monday afternoon (October 25), the EC described the claim by the former President as "false and untrue" and stressed that it was in the public interest for the police to initiate full-scale investigation that would require Mr Mahama to provide evidence to the claim he made.

The Deputy Chairman of the EC in charge of Corporate Services, Dr Eric Bossman Asare, who addressed the media, said an investigation into the matter would help to maintain public confidence in the country’s electoral process.

"The former President has said the EC thumbprinted one million ballot papers for the President of the Republic. This is untrue; and it is a great matter that undermines the credibility of the electoral system and should not be ignored."

"We see that our silence on this matter has dire consequences on public confidence in the Commission, and we want the police to investigate it," he stressed.

He also refuted five other allegations the former President made including the use of military to influence the election results; 2020 elections was the worst in the country’s electoral history; EC is responsible for the violence in Techiman South; the election was fraudulent; and the Chairperson of EC is running from accountability," Mr Mahama said.

Former President Mahama said this at various fora during his "Thank You tour" of the country.

Source: Graphic Online

09/07/2021

I have built 3 interchanges with $238M Mahama built one with $260M ~ Akufo Addo

30/06/2021

Today's Newspaper Headlines

05/06/2021

Check out UHAS Ho road in a very bad shape

05/06/2021

"We must encourage freedom of thought and expression rather than hypocrisy and silence " ~ John Dramani Mahama

03/06/2021

28/05/2021

Hon Isaac Adongo unveils the "blood-sucking vampires" at the Ministry of Finance.

If you ever wondered why Ghana's public debt has since 2017 been growing at an unexplained geometric sequence, the reasons are here:
Those in charge of the borrowing, stand to personally profit from the borrowing through the reward in fees to their companies who serve as their transportation advisors.
Whilst the corporate esteem of Ghana is on a nosedive and the future generations are being saddled with a debilitating debt, the worth of companies owned by persons at the forefront of the borrowing decisions keep soaring.

Appointment of Databank and Black Star Brokerage as Transaction Advisors to the Ministry of Finance is a deadly combination of Ken Ofori Atta and Charles Adu Boahen in Motion without shame.

The Ministry of Finance headed by Messers Ken Ofori-Atta and Charles Adu Boahen just announced a list of primary dealers and introduced a new term called Bond Market Specialists. Interestingly, firms owned by these two personalities, Databank owned by Ken Ofori Atta and Blackstar Brokerage Limited owned by Charles Adu Boahen have been selected as two of the three local investment advisory firms.
The duo, Ken Ofori Atta and Charles Adu Boahen have thus literally awarded to themselves through their companies the lucrative contracts that involve managing Government's borrowing program with an estimated Ghc60 billion a year gross financing. The fees to be shared by the transaction advisors of Government borrowing program, including Ken Ofori Atta and Charles Adu Boahen's companies is estimated at Ghc210 million a year.
This is a clear conflict of interest. The Minister for Finance has made government borrowing his private business and benefitting each time Government borrows through Databank either as a bookrunner or Co-Manager of Eurobond issuance.
Ken Ofori Atta's Databank has now been joined by Charles Adu Boahen's Blackstar Brokerage Limited to share the spoils. The combination of this deadly team is set to further engage in reckless borrowing as evidenced in the more than doubling of Ghana's public debt from Ghc120 billion at the beginning of 2017 to about Ghc300 billion by the end of 2020. In addition to the about Ghc180 billion increase in Ghana's public debt, about Ghc70 billion of the end 2016 debt of Ghc120 billion were refinanced and in some instances reprofilled between 2017 and 2020.

This means that a total of about Ghc250 billion Government borrowing program was carried out in the last four years with Ken Ofori Atta's Databank acting as his transaction advisors. The accrued fees shared by the transaction advisors, including Databank is estimated at 0.35% of the borrowing program of Government. That is about Ghc875 million fees paid by Ghana to these transaction advisors.
No wonder Ghana is bleeding from excessive reckless borrowing without any meaningful benefits to the suffering taxpayers.

This harrowing public debt program was fested on Ghanaians when only Ken Ofori Atta's Databank was involved. I am scared for Ghana when I think of Charles Adu Boahen's Blackstar Brokerage now joining the fray to share the spoils. How big will the Government's borrowing program be to ensure that Databank maintains its fees income from the last four years and leave some spoils for Charles Adu Boahen's Blackstar Brokerage to help itself with.

Since they came to power, there is no bond transaction for government that the Minister didn't benefit personally from through Databank and now Charles Adu Boahen through Blackstar Brokerage.
Charles Adu Boahen who sat and is expected to sit on the Board of Bank of Ghana where Databank and Blackstar Brokerage will be operating from as transaction advisors. He also sat and is expected to sit on the Governing Board of the Securities and Exchange Commission that regulates Databank and Blackstar Brokerage Limited. The bonds and other Government debts to be issued through these companies are also expected to be approved by Charles Adu Boahen sitting on the SEC.

As a matter of fact, any complaints relating to these companies would be directed at SEC on whose Governing Board sits Charles Adu Boahen and controlled by a former Vice President of Databank, Rev Ogbamey Tetteh who masterminded policy rollout that has collapsed the securities sector of Ghana.
Where lies the independence of the dealers and advisers to government on borrowing. Are decisions about borrowing and interest cost being made in the interest of Ghana or private businessmen? Sheer and crude profiteering at the expense of Ghanaians. Always promoting their firms and personal interests.
How do we protect against insider trading when the very people taking decisions on interest rates and bond structuring are themselves direct beneficiaries of the outcome of their decisions through their companies?
Ghana has been bleeding and I fear it will bleed even more with Ken Ofori Atta and Charles Adu Boahen now hand holding the interests of Databank and Blackstar Brokerage.

Who watches the watchman?

08/05/2021

Ghana needs to be fixed urgently

Do you have problem worrying your community? Send us a picture of it now

25/04/2021

Congratulations Mugabe Maase
He is humble, respectful, kind, and God fearing

20/04/2021

Ghana water bodies for you

18/04/2021

Nice picture

17/04/2021

John Dumelo happy weekend

16/04/2021

The first test flight of African World Airlines (AWA) just landed at Ho Airport on Thursday 15th April at 14:20 hours GMT.

Credit: Ghana the black star of Africa

16/04/2021

Ho Airport has been opened for business

14/04/2021

Who dey inside?

28/02/2021

Happy Birthday

17/02/2021

Lawyer Tsatu Tsikata

12/02/2021

I regret accusing Mahama falsely - NAPO
NAPO Dr Matthew Opoku Prempeh
Minister-designate for Energy

Former Education Minister and now Minister-designate for Energy, Dr. Matthew Opoku Prempeh has retracted and apologized to former President John Dramani Mahama for accusing him of busing people to the Independence Square in 2017, to come and fake a fainting scene during the placements for students into senior high schools.


According to him, he regrets making the comments since he had no evidence to prove them.

Mr. Matthew Opoku Prempeh went viral for his comments on students and parents who collapsed at the Black Star Square in 2017.

He claimed on Asempa FM that former President John Mahama bused people to Independence Square to cause chaos during the exercise and fake collapsing to give the ruling government a bad name.

“We opened the center at the independence square to address the needs of Ghanaians who want to go to school, but some evil people have decided to pay GHc 20 and GHc 50 to people to go there and stage fainting and collapse, yesterday some of the collapses were fake. I’m even wondering why they brought little kids to the centre,” he stated.

He was asked to apologize after making the comments but the nominee refused.

But appearing before the Vetting Committee on Friday, February 12, 2021, the nominee apologized for his comments.

He was confronted by Mr. Samuel Okudzeto Ablakwa the NDC MP for North Tongu if he had evidence to support his claims.

He originally asked if the Chair could produce the former President before the Committee so he will put it to his face so the committee would be able to discover that his (Prempeh’s) claims were true.

But the Chair, Joseph Osei Owusu said he would not be able to produce the former leader hence the nominee should answer the question.

He then responded saying he would have said these things differently if he had the opportunity.

However, Minority Leader Haruna Iddrisu put it to him if he has regretted his action.

When asked if he could prove, he said the information he relied on was not authentic hence he has withdrawn

However, when asked to apologize, he said if those words used, hurt the former president, he would withdraw and apologize.

This was after Alhassan Suhuyini had also raised the same issue.

Source: rainbownradioonline.com

31/01/2021

Happy birthday 🥂

26/01/2021

Picture of the moment