General News of 2014-01-16

Stubborn Mahama govt needs more pressure – Titus-Glover

The Member of Parliament for Tema East constituency, Daniel Nii Kwartei Titus-Glover says the Mahama-led government is too “stubborn”, and the only means to get it to reverse the sale of Merchant Bank is through militant mass action across the country.

He believes the transaction is such a bad deal but many Ghanaians in hinterland are not aware of the controversial sale of the Bank to Fortiz Private Equity Fund.

The Minority in Parliament, which Mr Glover is part, has initiated its own enquiry into Fortiz acquisition of 90 per cent shares in the bank for 90 million Ghana cedis. It described the deal as fraudulent.

Alongside an ongoing court case instituted by Andrew Awuni, Executive Director of Centre for Freedom and Accuracy, the organised labour is also set to launch its own legal challenge.

On Thursday some one hundred demonstrators drawn from the NPP, PNC and the NDP under the name Public Action Against Corruption and Abuse marched through the streets of Accra demanding a reversal of the deal.

Daniel Titus-Glover who is one of the organizers of today’s demonstration told Joy FM’s Top Story the contribution of all well-meaning Ghanaians is needed to ensure that the right thing is done.

He justified the need for all to join the campaign to reverse the sale because the executive power is reluctant to heed the cry of the populace.

“We are dealing with a government that is so stubborn. Very stubborn government, they don’t want to listen to anybody, all that they want to do is what is in their interest.”

Meanwhile, Minority Leader Osei Kyei-Mensah-Bonsu has told Top Story the Minority’s investigation into the deal has so far been going on well.

He said they are still putting together relevant materials submitted by members of the public who believe in their cause.

Though Mr Kyei-Mensah-Bonsu would not put any time frame to their work, he said given the currency of the issue, the Minority “hopes to bring it to a closure as early as possible”.

He said the work of the Minority is being financed by members who are bent on doing whatever it takes, legitimately though, in order to establish the truth in the sale of the bank.

The Public Action Against Corruption and Abuse is expected to hit Kumasi with their demonstration. It would be followed by a similar exercise in the Northern Regional capital, Tamale.