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YOU DO BUSINESS WITH CHY MALL AT YOUR OWN RISK – EOCO

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The Economic and Organised Crime Office (EOCO) has warned the public against doing business with a Chinese Company called Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited.

In a statement, EOCO said it had been monitoring the company since the middle of 2020 and has concluded it is a Ponzi scheme.

“The company which is registered as online trading and marketing services also solicits and takes/receives funds through investment packages from its customers with a promise of guaranteed returns/margins of various percentages over a fixed short period of time,” it explained.

“The company operates a Ponzi/Pyramid scheme and the general public is cautioned to desist from investing and patronizing Chy Mall. Therefore, anyone who transacts business with them does so at “their own risk.”

EOCO also noted that the company is operating illegally and is neither registered by the Bank of Ghana (BoG) or the Securities and Exchange Commission (SEC).

It operates an E-Commence which comes under the Payment Systems and Service Act 2019 (Act 987) and regulated by BoG.

The SEC and BoG have already issued statements warning that the company “has not been licensed to carry out any Capital Market activity including investing or trading for returns.”

How Chy Century operates

EOCO noted that the company allows customers to purchase a product online from the virtual shop through free registration.

Customers then purchase an investment package that ranges from GHS770 to GHS9,240.

In addition, customers earn money by operating a trading account by owning an online shop and trading in Chy Mall goods in the shop and engaging in the networking referral system simultaneously or without engaging in the networking referral system.

It also solicits and takes deposits or placements of funds from the general public promising guaranteed returns over a fixed period which is into securities, that is regulated by SEC.

ELECTION PETITION: MAHAMA FILES MOTION TO INSPECT EC DOCUMENTS

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John Dramani, the petitioner in the 2020 Election Petition, has filed an application in court seeking to be granted permission to inspect documents of the Electoral Commission.

His lawyers, led by Tsatsu Tsikata, filed the application on Tuesday, February 2, 2021.

The documents they wish to inspect include the original constituency presidential election result collation forms for all constituencies, constituency presidential election results summary sheet, regional presidential election summary sheets for all regions and the declaration of the presidential results form.

The Court is expected to sit and rule on whether the application will be granted.

Meanwhile, the court is this morning has to admitted the testimony of Dr. Michael Kpessa-Whyte as 2nd Witness for the petitioner. He has go on to be cross-examined by lawyers for the Electoral Commission and President Nana Akufo-Addo.

Michael Kpessa-Whyte, a former Executive Director of the National Service Secretariat, and Johnson Asiedu Nketiah are the witnesses for Mr. Mahama in the ongoing case at the Supreme Court.

Cross-examination of Mr. Asiedu Nketiah ended on Monday, February 1, 2021.

RADIO GOLD FOUNDER DEAD

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The Chief Executive Officer and Founder of Network Broadcasting Company Limited, owners of defunct Radio Gold, has died.

Kwasi Sainti Baffoe-Bonnie, who was born in 1950 in the Western North Region of Ghana, died on Monday, February 1.

Although it is unclear what the cause of death is, there are reports that he died after contracting Covid-19.

The business mogul graduated from the University of Cape Coast with a Bachelor of Arts degree in History before pursuing his Master of Arts degree in International Affairs (MAIA) from Ohio University, USA in 1980/81.

In 1995, he established the Network Broadcasting Company Limited; the company that operates Radio Gold, Montie FM and TV Gold.

He was later appointed Board Chairman of the Ghana Air Catering Services from 2006 to 2007.

Due to his background in international relations, Mr. Baffoe-Bonnie was again appointed the Senior Political Advisor to the then Vice President, John Mahama, during the Mills Administration, from 2009 to 2012.

From 2012 to 2016, Mr. Baffoe-Bonnie served as a Presidential Staffer and Senior Advisor on Political Affairs to the President of the Republic, John Dramani Mahama.

He was married with 3 children: Ama Aniwaa Baffoe-Bonnie, Kweku Agyeman Baffoe-Bonnie, and Kwaku Amoa Baffoe-Bonnie.

The former Presidential staffer joins the growing list of prominent Ghanaians who have died from Covid-19 since a surge was recorded in January 2021.

As of Friday, January 29, 64 more people had died from the virus; bringing the total number of confirmed deaths to 416.

This number includes the death of the National Security Coordinator at the Presidency, Joshua Kyeremeh on Monday, January 18, 2021.

Again, the Associate Director of Students Life and Engagement at Ashesi University, Frances Awua-Kyerematen, passed away due to Covid-19 complications on the afternoon of January 15, 2021.

Also, renowned journalist, political commentator and Managing Editor of the Insight newspaper, Kwesi Pratt Jnr, lost his brother to the virus.

Nanabanyin Pratt is reported to have died from coronavirus complications on Sunday, January 17, 2021.

With the country still mourning former President Jerry John Rawlings who allegedly died from Covid, there was yet another report of the death of a founding father and a stalwart of the governing New Patriotic Party (NPP), Dr Amoako Tuffour on January 21.

Meanwhile, the Ghana Health Service says 172 people are currently in critical conditions due to the Covid-19 virus.

In view of this, President Akufo-Addo in his 23rd televised address to the nation has reintroduced some restrictions that were enforced during the initial outbreak of the pandemic in Ghana in March 2020.

 

Source: myjoyonline.com

EVIDENCE SUGGESTS MAHAMA WON ELECTION 2020

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The General Secretary of the National Democratic Congress (NDC) Johnson Asiedu Nketia who is one of the witnesses of the petitioner in the ongoing election petition hearing, has told the Supreme Court that every evidence pointed to the victory of the petitioner, Mr John Dramani Mahama in last year’s presidential elections.

He made this statement in court on Monday, February 1, after his videotapes and those of former President Mahama, Peter Otokonor Boamah and Sammy Gyamfi, in which they were captured claiming that the NDC won last year’s elections, were played in the Supreme Court.

Lawyer for the 2nd Respondent, Mr Akoto Ampaw had told the court that he wanted these tapes played in order to establish the lack of credibility of Mr Asiedu Nketia.

The petitioners are asking the apex court to order a rerun of last year’s elections.

Lead counsel for the petitioners, Tsastu Tsikatu objected to the Mr Ampaw’s move to play the tape but the court granted the request and accordingly the tapes were played.

Reacting to the tapes, Mr Nketia who admitted that he was the one captured on the tape said “My Lords, I implied that I expected President Mahama to win the elections. Every evidence was pointing at president Mahama’s victory.

“In fact, My Lords, permit me, in all the 7 parliamentary and presidential elections that have been held in this country before this one the presidential candidate and the political party which wins and controls parliament ends up winning the presidency.”

Meanwhile, one of the lawyers for the 2nd Respondent Akufo-Addo, Mr Frank Davies, has been cautioned not to grant media interviews on the matters pending before the court as a participating lawyer.

The Chief Justice Kwasi Anin Yeboah, before the commencement of proceedings called the lawyer out in open court and warned him to desist from such conduct.

According to the court, his conduct violates the rules of the court set out in Rule 38 of LI 2423.

Rule 38 of LI 2423 states that;

“A lawyer who is participating or has participated in the investigation or litigation of a matter that is still pending before a court shall not make an out of court statement or grant an interview to the media on the matter.”

Lawyer Frank Davies had granted an interview to the media after Friday’s sitting, this the Chief Justice says should not happen again.

The Chief Justice further urged non- participating lawyers and spokespersons for the various parties to the case to put away their wigs and gowns before granting media interviews.

In the early days of the sitting, the court warned former Deputy Attorney General and Member of Parliament for Bolgatanga East, Dominic Ayine, for talking in court.

NANA ADDO REAPPOINTS DR. ADDISON AS BOG BOSS

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The tenure of the Governor of the Bank of Ghana, Dr. Ernest Addison has been renewed by President Nana Akufo-Addo for another four years.

His current tenure which begun on 1st April 2017 will end at the end of March 2021.

But according to Citi Business News sources at the Central Bank, President Akufo-Addo has given his approval for Dr. Addison to continue for another four years, pending the approval of the yet-to-be constituted Council of State, from April 1, 2021.

The President back in 2017, forwarded Mr. Addison’s name to the Council of State for consideration and approval as the Governor of the central bank.

He filled the vacancy left by the resignation of the then Governor, Dr. Abdul Nashiru Issahaku, whose last day of engagement with the bank was March 31, 2017.

The council of state subsequently approved the nomination of Dr. Addison.

Over 25 years experience

Dr. Ernest Addison has over 25 years of experience working in the central bank as well as international organizations.

Dr. Addison joined the Bank of Ghana in 1996, during which time he served on a number of committees including the Open Market Operations Committee, Money Market Auction Committee, the Editorial Committee and also secretary to the Financial Programme Implementation Committee and the Financial Policies Committee.

In 2000 and on secondment, he was appointed the chair of a Special Task Force set up by the Authority of Heads of State of ECOWAS to lead studies culminating in the setting up of the West African Monetary Institute (WAMI) and subsequently appointed Chief Economist at the Institute.

He returned to the Bank of Ghana in 2002 where he served for nearly a decade as, the Bank’s Director of Research.

At the African Development Bank, Dr Addison worked as the lead regional economist for the Southern African region.

In this capacity, he led Dialogue Missions to many countries, including Mauritius, Lesotho, Swaziland, Angola, Zambia and technical teams in Preparation of New Country Strategy Papers (CSP’s) and mid-term reviews for Angola, Lesotho, Malawi, Mauritius, Mozambique, Sao Tome, and Zambia.

He also led the technical team for the study of the Indian Ocean Strategy including leading Missions to Seychelles, Mauritius and Madagascar.

Dr. Addison obtained his first degree in Economics from the University of Ghana, followed by an M.Phil. Degree in Economics and Politics at St. Edmunds College, Cambridge University, U.K.

He proceeded to McGill University, Montreal, Canada where he obtained a Doctor of Philosophy (Ph.D.) in Economics degree with specialization in Monetary Economics, Economic Development and International Economics.

FDA AUTHORIZES FIRST COVID-19 CLINICAL TRIALS USING HERBAL MEDICINE

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The Food and Drugs Authority (FDA) has approved Ghana’s first herbal medicine for clinical trial on COVID-19 treatment.

This follows results from laboratory studies conducted by the Kwame Nkrumah University of Science and Technology (KNUST) research team.

This means the medicine, Cryptolepis Sanguinolenta, locally known as Nibima stands a better chance of being used to treat COVID-19 if it is approved after the trial.

A statement signed and released by FDA CEO Delese Darko said the authority remains committed to protect the health and safety of consumers.

CHARGING NON- ECOWAS CITIZENS 150 USD FOR COVID TEST UNREASONABLE – ABLAKWA

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The Member of Parliament (MP) for the North-Tongu constituency in the Volta Region, Mr. Samuel Okudzeto Ablakwa has described government’s decision to maintain the $150 COVID-19 testing fee for non-ECOWAS members as “unconscionable”.

According to him, this is not the attitude for fighting such a pandemic that requires the involvement of everyone.

President Nana Akufo-Addo on Sunday, January 31, 2021, said testing for COVID-19 for all nationals of ECOWAS have been capped at $50 following the 58th Ordinary Session of the Authority of Heads of State and Government of ECOWAS held on Saturday, January 23, 2021, via video conferencing.

Nana Akufo-Addo said the cost for other nationals outside the sub-region will however remain at $150.

“At the 58th Summit of the Authority of ECOWAS Heads of State and Government, held virtually, it was agreed that the cost of the COVID-19 test for inbound ECOWAS nationals should be pegged at fifty United States dollars ($50) at the Kotoka International Airport. The cost of the COVID-19 test for non-ECOWAS nationals at the Kotoka International Airport still remains one hundred and fifty ($150) dollars,” President Akufo-Addo said.

But. Mr. Ablakwa wants this decision to be reviewed.

He insisted that Ghana will be worse off if other governments decide to reciprocate.

“Maintaining the cut-throat amount of US$150 for non-ECOWAS nationals is most unconscionable, particularly as Ghanaian nationals are not treated this way in other jurisdictions. What will be our reaction if other Governments reciprocate?”

“This is not the attitude needed to fight a pandemic which requires that all global actors look out for each other and especially when we are appealing to other countries through diplomatic channels to come to our aid with their vaccines. The President’s advisers have let him and all of us down. The profiteering mindset in the midst of a public health emergency of debilitating consequences is an affront.”

He added that the NDC caucus in Parliament will demand an investigation into the $150 charged so far at the Kotoka International Airport.

“Let me reaffirm the resolve of the NDC caucus in Parliament as contained in my Friday statement on the floor that we demand formal investigations into the entire opaque and illegal US$150 Frontiers Healthcare Services saga. We shall not relent.”

He made these comments via a post on his social media handles.

Below is the full post from Mr. Ablakwa
Finally, some progress on the matter of Ghana’s exploitative, retrogressive and punitive Antigen test cost at the airport. As I reiterated in Parliament last Friday, the President should have listened to Ghanaians long ago and not wait for an ECOWAS resolution. Ghana could have been the gold standard for ECOWAS.

Maintaining the cut-throat amount of US$150 for non-ECOWAS nationals is most unconscionable, particularly as Ghanaian nationals are not treated this way in other jurisdictions. What will be our reaction if other Governments reciprocate?

This is not the attitude needed to fight a pandemic which requires that all global actors look out for each other and especially when we are appealing to other countries through diplomatic channels to come to our aid with their vaccines. The President’s advisers have let him and all of us down. The profiteering mindset in the midst of a public health emergency of debilitating consequences is an affront.

Let me reaffirm the resolve of the NDC caucus in Parliament as contained in my Friday statement on the floor that we demand formal investigations into the entire opaque and illegal US$150 Frontiers Healthcare Services saga. We shall not relent.

Please stay safe ?

TEWU LEADERSHIP TO MEET FAIR WAGES COMMISSION

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The Leadership of the Teachers and Educational Workers Union (TEWU) is set to meet the Fair Wages and Salaries commission this week to finalize negotiations on their conditions of service.

The meeting follows a nationwide strike by the union to demand the conclusion of the said negotiations initiated in 2019. Executives of TEWU have asked all members to resume work today pending the meeting.

General Secretary, Mark Dankyira Korankye in a Citi News interview said they are hopeful their concerns will be addressed.

He maintained that they hope, their proposals will be accepted by the government.

It is a negotiation we are going into, and we know the rules of negotiation. We have tabled our proposals, and so we are going to defend our proposal, and then we will hear from the government’s side too what is their counter-proposal may be. For now, we have not received their counter-proposal, so it will be difficult for us to say anything but for us as a union, we expect that the issues we have tabled will be adhered to.

TEWU has been in talks with the Fair Wages and Salaries Commission since June 2019 on the Review of the Conditions of Service for Unionized Staff of the Public Universities.

Having declared an indefinite strike nationwide on Wednesday, 13th January 2021, to demand better conditions of service although the union’s national leadership called off the strike on January 18, some of its members have refused to follow the directive.

However, it issued a press statement directing all members to return to work.

It insisted that suspending the industrial action will make“negotiations to be conducted in good faith”.

“In view of the pending meeting with FSWC on 4th February 2021, and in accordance with Section 161 of the labour Act 2003 (Act 651), the leadership of TEWU (National and Locals of the Public Universities) call for the suspension of the strike and request our members to resume work immediately to allow negotiations to be conducted in good faith”, the statement said.

 

OPINION: LOCKDOWN NOT AN OPTION FOR GOVT IN THE FIGHT AGAINST COVID-19

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The President shall tonight, address the nation on the state and measures taken against the spread of COVID-19, at 8pm.

Prior to today’s address, there are speculations about a possible locked down. Those who argue fir a lockdown make reference to the current rise in active COVID-19 Cases as well as the rising level of deaths.

Whiles I largely agree with the fact that, Ghana is experiencing its second stage of the spread of the virus and this time, more deadly, I largely disagree with proponents of a lockdown as a measure to curtail the spread.

In this episode, I seek to give three reasons which are largely economic, as reason why the govt may not, and emphatically, cannot return the country to another phase of lockdown.

In June 2020, the the Government, through the Minister of Finance and Economic Planning, made a mid-year budget statement to parliament. In that address, the government announced, and subject to Parliamentary approval, embarked on an economic recovery program. This recovery program was tagged COVID-19 ALLEGATION AND REVITALIZATION OF ENTERPRISE SUPPORT PROGRAM (CARES PROGRAMS). The programme aims to mitigate the impact of the pandemic on the
lives and livelihoods of Ghanaians, and to ensure that we quickly emerge from
the pandemic with a stronger and more resilient economy.

This program in its second stage which takes off in 2021 to 2023 is targeting an expenditure of about Ghc100 billion. This is to accelerate growth of Ghana’s economy through its flagship programs. A significant portion of about Ghc 70 billion, is expected to be raised through the private sector.

Observing all the ambitious economic targets the government has set for itself, I am of the view that, a second partial lockdown would slow the recovery of businesses, which would ultimately affect government income and expenditure.

Many businesses are yet to recover from last years restrictions. Businesses would have no option but to close down the factories, terminate worker’s contract and these would bring huge economic burden to the government through social interventions.

Further, Government has spent beyond its budget for the years 2020. Currently, as a country with huge Dept financing obligations, there is very little fiscal space for government to spend to ease the burden on citizens and businesses.

In view of the above, the government of Ghana having analyzed its economic ambitions, has very little to do but to prioritize economy over health and safety at this moment.

LIKELY ALTERNATIVES

The government may at this point resort to strengthening existing restrictions on movement. I am of the view that, a cap on congregational activities may be reintroduced.

Government may as well, reinforce patrol of security personnel at Ghana’s boarders as it enforces strictly the wearing of masks.

In addition, government may announce another face of social distancing protocols, contact tracing and testing mechanisms.

It is my firm conviction that, Tertiary and second cycle institutions may not have any other measures aside what currently has been announced but an alternate arrangement for pupils in primary level.

BY: Bright Emmanuel Abia

USEFUL SKILLS FOR YOUNG PEOPLE POST COVID-19 – SAM JONAH

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Businessman Sir Sam Jonah says the global outbreak of COVID-19 presents unique challenges that require that young people most especially reinvent themselves and adapt to the new ways of doing things to remain relevant.

He said the prevailing situation has changed so many things and as such it will no longer be “business as usual.”

According to him, companies will now be looking at people with skills that are relevant to navigating the period.

While addressing the 9th Joint Graduation Ceremony of the Kofi Annan International Peacekeeping Training Centre on the theme, “Providing Skills to Meet Business and Human Security Needs in Uncertain Times,” the businessman shared five skills and competencies he believes today’s youth need to stay relevant to industry.

Below are the five important skills highlighted in the address:

1. Flexibility and adaptability
Flexibility and adaptability are crucial skills that every employer will be keeping an eye out for. Being flexible and adaptable is something that most firms and employees have had to get used to over the last couple of months. As businesses globally see a sharp rise in the number of employees being able to work from home, it’s likely paradigm shift will last even after the pandemic is over. While being flexible in work was once aligned with geographic mobility, it is now about having an open mindset, being able to work well under pressure, adjusting to new and unexpected deadlines, prioritizing tasks and, in some instances taking on additional responsibilities. Employers will be paying attention to staff who are flexible in their approach and execution of their daily duties such as productively working from home, capable of working on the go, adapting to new work schedules and operating with hitherto unknown systems,

2. Tech-savvy
Undoubtedly, the workplace is rapidly becoming more tech focused, and we are now well and truly progressing to a fully realized digital age. Employers will not want to just invest in technologies but in people who understand and appreciate the importance of technology. Although it’s unlikely that all employees will need to know every system or platform, demonstrating a firm working knowledge of data literacy, computer programming, big data, Cloud computing, artificial intelligence (AI), blockchain and more, will help catapult an employee’s marketability above their peers. Pre-coronavirus, the widening of digital skills gap was ostensible across business worldwide. 82 percent of job vacancies now require some minimum digital skills. COVID-19 has however accelerated the frantic need for specialist digital skillsets to help businesses become more aligned with today’s myriad technologies and platforms. Hence, these skillsets will be highly sought after by employers in this age.

3. Communication and emotional intelligence
Today’s employers will be seeking for graduates who are able to communicate fluently, effectively and have good emotional intelligence skills. Employers will be looking out for graduates who are professional, courteous, polite and conscientious in their work. One of the key considerations an employer will make during the hiring process is where you will fit into the current team and how well you will integrate. It is the job of new employees to convince employers that they are going to make the workplace happy and stress free, including that they are capable of working well with others.To have good emotional intelligence skills is to be aware of, and demonstrate empathy for, others’ emotions and behaviors which is crucial, especially when people are feeling uneasy. And this is also where good communication skills are critical; as many of employees continue to work from home, clarity in emails and at virtual meetings is a must to strengthen trust and retain high productivity levels.

4. Creativity and innovation
While machines and digital technologies are taking on roles in analytics and business operations, human beings remain a unique resource in their ability to think outside the box. Many years to come, the business landscape is going to need to evolve and adapt rapidly – for example, anyone aspiring to work in business will need to be able to tap into their creative mindset in order to steer a business through challenges and opportunities that it faces. Hence, expectations from employers will be graduates who not only go with the flow but are capable of thinking outside the box, coming up with creative decisions and are very innovative in their thought processes.

5. Leadership Skills
Leadership skills are extremely important in these times. Managers are not the only ones to possess leadership skills – anyone can demonstrate good leadership. One of the primary drivers that an employer has when employing someone is how passionate they are about the company’s vision. Leadership, in this respect, doesn’t necessarily mean the general manager or the department head. Instead, employers are looking for individuals that will create a sense of community within the team, led by example, and work towards the common company goal. Being self-aware and holding yourself accountable is particularly important during these challenging times.

As important as these skills are, they will not count for much in the absence of jobs and in this highly depressed global business environment, jobs can only be created in an environment which engenders peace and security.

The nexus between security and development is well settled and as Busumuru Kofi Annan brilliantly put it “development and security are inextricably linked.” Another global icon, Albert Einstein also observed that “peace is not merely the absence of war but the presence of justice, of law & order – in short, of government.” Ladies and gentlemen in this regard, African countries have had a chequered history. In these uncertain times countries, which will attract job creating investments are those which create the necessary condign conditions