Akufo-Addo’s recklessness cost Ghana $19.5m – Minister

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Zoobie-Zoobie 11 years ago

corrupt and more corrupt

corrupt and more corrupt
NPP Disillusioned Desperadoes 11 years ago

This case must not be glossed over and pushed under the carpet. It must be thoroughly investigated so that any corrupt /underhand dealings will expose the criminal elements pretending to be politicians.

This case must not be glossed over and pushed under the carpet. It must be thoroughly investigated so that any corrupt /underhand dealings will expose the criminal elements pretending to be politicians.
JAIL THAT 419 POLITICIAN! 11 years ago

OFFICE OF THE ODIKRO
a companion of the black star!

Akufo-Addo does not only need to “to come and explain to us (Ghanaians) why they terminated the service of solicitors we contracted in the U.K”, he needs to give ...
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OFFICE OF THE ODIKRO
a companion of the black star!

Akufo-Addo does not only need to “to come and explain to us (Ghanaians) why they terminated the service of solicitors we contracted in the U.K”, he needs to give reasons why he should not be given a long jail sentence for causing financial loss to the state!

He should be jailed for criminal negligence! The whole thing looks as though the NPP wanted the Société Générale to win the case against Ghana!

It is about time Ghanaians terminate the wicked practice of politicians who hover over Ghana like vultures looking for carcass and create the enabling environment to siphon off such large sums into the pockets of their foreign benefactors whilst they themselves are even satisfied with peanuts!

What marvellous stupidity is this? And he wants to be made President "at all cost"? No wonder he resorted to the slogan of armed robbers: "all die be die!"!

Ghana is not for sale! All prison be prison too!

Forward Ever! Backwards Never!!!

Pur'gu Saarpe! Esq.,
Secretary to The Odikro.
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facts 11 years ago

A whole minister cannot open up his mouth politely, oh no, where are we? Let the law take its course and stop being unnecesarily offensive. There is noway Nana Addo would cause any financial loses of this type to our state. H ...
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A whole minister cannot open up his mouth politely, oh no, where are we? Let the law take its course and stop being unnecesarily offensive. There is noway Nana Addo would cause any financial loses of this type to our state. Hear his version first.
Nicholas J Bedzo 11 years ago

They are not qualified always talk rot
hence the abuses.

They are not qualified always talk rot
hence the abuses.
Upsidedown 11 years ago

I wonder the number of stupid fools that are in ministerial positions paid to just bleat. No wonder, if the people who are supposed to watch are being watched, what else?

I wonder the number of stupid fools that are in ministerial positions paid to just bleat. No wonder, if the people who are supposed to watch are being watched, what else?
insight to the bone 11 years ago

why shouldn't we call pepeni a fool as its not an insult but a fact . All these scandals ,tribal ethnic biased anti Akan ministerial appointments non action on worthy projects and action on foolishness and stupid corrupt dea ...
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why shouldn't we call pepeni a fool as its not an insult but a fact . All these scandals ,tribal ethnic biased anti Akan ministerial appointments non action on worthy projects and action on foolishness and stupid corrupt deals. his mentor is kuffuor whose greatest achievement was to give all our gold fields to foreigners who dont invest a single penny in our economy but take out over 10 billion dollars a year . his weak ayigbe national security could not advise him to do what president putin of russia did , nationalise the mines and give it to local corrupt Akans and others , then tax them well. instead we run around trying to borrow this same money and watch as the various superpowers play with us , where is the wisdom in that ? pepeni you a big fool and chronically retarded as you have no shame, integrity , honor or decency yourself . you can only understand indecency and insults as thats what gets registered. instead of going out there to acquire technologies that will create jobs, factories and self reliance for our people you attend useless meetings that bring nothing. you have failed us like all the others before you and we look forward gloomy future because you wont step aside so those with courage knowledge and real projects based on sound macroeconomics take over. commot from there
GHANAVIA 11 years ago

Irresponsible gaffe by an irresponsible NDC imbecile minister.

Irresponsible gaffe by an irresponsible NDC imbecile minister.
HolyGhost 11 years ago

Well said Odikro,Ghananains need explanation to this, it stinks to the core

Well said Odikro,Ghananains need explanation to this, it stinks to the core
NONSENSE 11 years ago

THIS CASE MUST BE REVIEWED STARTING FROM THE BEGINNING. I THINK THE DUBIOUS DEBT OCCURED UNDER JJ RAWLINGS AND HE MUST BE INVITED TOO.. WHO GAVE TSATSU THE AUTHORITY TO NEGOTIATE THIS DUBIOUS AGREEMENT FOR GHANA? WHO ARE THE ...
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THIS CASE MUST BE REVIEWED STARTING FROM THE BEGINNING. I THINK THE DUBIOUS DEBT OCCURED UNDER JJ RAWLINGS AND HE MUST BE INVITED TOO.. WHO GAVE TSATSU THE AUTHORITY TO NEGOTIATE THIS DUBIOUS AGREEMENT FOR GHANA? WHO ARE THE EXPERTS IN THIS NEGOTIATION/CONTRACT? HOW MUCH KICK BACKS WERE INVOLVED? ON WHAT AND HOW MUCH DID SOCIETE GENERALE SPEND THIS MONEY?WHAT WENT BAD TO PUT US IS THIS HUGE DEBT? WHY THE CASE ENDED IN UK COURT? HOW THE CASE WAS TRIED? HOW PAYMENT WAS MADE AND WHO WERE INVOLVED?
Jake 11 years ago

The whole saga is unfolding.
If you were of sane mind, you would not use your political think-cap to ignore the fact that, a minister does not, should not be allowed to sell a country's asset, collecting the cheque and disbu ...
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The whole saga is unfolding.
If you were of sane mind, you would not use your political think-cap to ignore the fact that, a minister does not, should not be allowed to sell a country's asset, collecting the cheque and disbursing it as he pleases or on his masters orders.
But people like you, of no moral standing, use the political sway to justify blatant stealing and thievery.
Nicholas J Bedzo 11 years ago

This is pure nonesense.

This is pure nonesense.
Enyo 11 years ago

Tsatsu took Ghana for a big ride. He thought what belonged to Ghana was his. Thief, he should be in jail.

Tsatsu took Ghana for a big ride. He thought what belonged to Ghana was his. Thief, he should be in jail.
Opionionated 11 years ago

All what these stupid idiots in the Ndc are trying to do is score political points and even the score when it comes to judgement debt.
If SG didn't have a case then, they don't have a case now. What stops them going back to ...
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All what these stupid idiots in the Ndc are trying to do is score political points and even the score when it comes to judgement debt.
If SG didn't have a case then, they don't have a case now. What stops them going back to the same court in UK to appeal that decision.

Witch hunting nincompoops!!
STOP AND THINK 11 years ago

WHY SHOULD NANA BE BROUGHT IN THERE BY KUFFOUR? WHY SHOULD NANA TERMINATE THE WORK OF THE GHANA'S SOLICITOR WITH THE CASE? TO ALLOW THEIR MEMBER GO FREE.

WHY SHOULD NANA BE BROUGHT IN THERE BY KUFFOUR? WHY SHOULD NANA TERMINATE THE WORK OF THE GHANA'S SOLICITOR WITH THE CASE? TO ALLOW THEIR MEMBER GO FREE.
Nicholas J Bedzo 11 years ago

l agree withyou,He sacked the solicitor,reason known to Him.

l agree withyou,He sacked the solicitor,reason known to Him.
mame 11 years ago

NDC is a criminal organisation turned a political party, Dr.Aggrey once said, if you bring a crow from the bush send it home feed it with all kinds of food in the house treat it as a darling pet, love it with all your heart ...
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NDC is a criminal organisation turned a political party, Dr.Aggrey once said, if you bring a crow from the bush send it home feed it with all kinds of food in the house treat it as a darling pet, love it with all your heart send it back to the bush and leave it, it will fly away.What am I trying to say? I mean ndc will never change, they are thieves, crooks, murderers and slanderers.NDC is the devils party because they do everything that is distastable to the most high God.But everything that has a beginning has an end, the Lord in his own time will speak and Ghana will be free.
Kojo T 11 years ago

Nana is fake and took bribe

Nana is fake and took bribe
Minta 11 years ago

HE IS A PEOBLEM TO GHANA DEVELOPMENT

HE IS A PEOBLEM TO GHANA DEVELOPMENT
Nicholas J Bedzo 11 years ago

This foolish man wants tobe President
for Ghana,how can that be,even as a Lawyer cannt represent the Country,
Bullshit.

This foolish man wants tobe President
for Ghana,how can that be,even as a Lawyer cannt represent the Country,
Bullshit.
Nicholas J Bedzo 11 years ago

lf Nana is reckless like Tsikata to
incured debt for the country,why not
jail him too.

lf Nana is reckless like Tsikata to
incured debt for the country,why not
jail him too.
OSEI TAWIAH 11 years ago

NDC idiots led by the rotten teeth Akpeteshie red mouth Tatsu Tsikata recklessly tossed Ghana money everywhere and then called on so-called external solicitors to come and milk us again. Now you are blaming Nana Addo for refu ...
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NDC idiots led by the rotten teeth Akpeteshie red mouth Tatsu Tsikata recklessly tossed Ghana money everywhere and then called on so-called external solicitors to come and milk us again. Now you are blaming Nana Addo for refusing to stop that nonsense. Who caused the debts in the first place?
NONSENSE 11 years ago

KOJO T, IF NANA IS A FAKE LAWYER, WHAT WOULD SAY ABOUT MAHAMA? HAHAHAHAHAHAHAAAAA!!! AVERY, VERY, VERY, STUPID, FOOLISH, CLUELESS, AND CORRUPT LEADER GHANA HAS EVER GOT.

KOJO T, IF NANA IS A FAKE LAWYER, WHAT WOULD SAY ABOUT MAHAMA? HAHAHAHAHAHAHAAAAA!!! AVERY, VERY, VERY, STUPID, FOOLISH, CLUELESS, AND CORRUPT LEADER GHANA HAS EVER GOT.
serumPSA 11 years ago

massa this concerned me and you our children and not dirty politics let all come together and see how we stop this once and for all please

massa this concerned me and you our children and not dirty politics let all come together and see how we stop this once and for all please
Frank Agyena-Karikari 11 years ago

Did Ghana really need an external solicitors? Where were the Tsatsu Tsikata and the other much touted LEGAL LUMINARIES? Why can't Ghanaians wait for Akuffo Addo to return from Sabbatical leave to present his side of the story ...
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Did Ghana really need an external solicitors? Where were the Tsatsu Tsikata and the other much touted LEGAL LUMINARIES? Why can't Ghanaians wait for Akuffo Addo to return from Sabbatical leave to present his side of the story? If he is guilty, definatly he must be found so by the law. What is this minister's comment on the GYEEDA and Wayome? Politics in Ghana has just become too dirty and partisan.
Kosoko 11 years ago

I am with you. We need his side of the story!

I am with you. We need his side of the story!
ADE 11 years ago

THIS SUSPICIOUS DEAL OCCURRED UNDER JJ RAWLINGS REGIME AND MUST BE INVITED TOO. I THINK JJ AND TSATSU COLLUDED TO NEGOTIATE THIS DUBIOUS DEAL SINCE THERE WAS NO PARLIAMENT TO APPROVE THIS DEAL, THIS TWO TROKOSIS WHO AMASSED A ...
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THIS SUSPICIOUS DEAL OCCURRED UNDER JJ RAWLINGS REGIME AND MUST BE INVITED TOO. I THINK JJ AND TSATSU COLLUDED TO NEGOTIATE THIS DUBIOUS DEAL SINCE THERE WAS NO PARLIAMENT TO APPROVE THIS DEAL, THIS TWO TROKOSIS WHO AMASSED ALL THE POWERS IN THE COUNTRY WERE DOING THINGS THEIR OWN WAY. TSIKATA BEHAVED LIKE A PRIME MINISTER DURING RAWLINGS TIME AND FELT GHANA WAS UNDER HIM. THIS HAS MADE HIM SO ARROGANT AND DOES NOT RESPECT ANYTHING IN THE COUNTRY NOW.
Go go 11 years ago

That is why he is trying hard to be a president so that he can use Ghana again.Thief! GOD DOESN'T SLEEP HE WILL TAKE CARE OF HIS COUNTRY GHANA.KIING SOLOMON LEFT IT,ONE DAY YOU WILL ALSO DO THE SAME.

That is why he is trying hard to be a president so that he can use Ghana again.Thief! GOD DOESN'T SLEEP HE WILL TAKE CARE OF HIS COUNTRY GHANA.KIING SOLOMON LEFT IT,ONE DAY YOU WILL ALSO DO THE SAME.
Abu Issaka 11 years ago

thieves.

thieves.
Bibini 11 years ago

We are not supposed to believe everything we read but if it is true Akufo Addo had a hand in this loss, then he is no more material for Ghana president. Period.

We are not supposed to believe everything we read but if it is true Akufo Addo had a hand in this loss, then he is no more material for Ghana president. Period.
Ben 11 years ago

Tsatsu has caused so much loss to this country.

Tsatsu has caused so much loss to this country.
Bibini 11 years ago

Ben can you tell us how and what he Tsatsu lost. I don't support anyone but would appreciate if you could inform me more about what you know.

Ben can you tell us how and what he Tsatsu lost. I don't support anyone but would appreciate if you could inform me more about what you know.
Baffour 11 years ago

Find out on why Kwesi Bitchwey resigned as Finance Minister and the IMF report that stated that Tsatsu Tsikata should be prosecuted. This is to engage your mind and not spoon feed you.

Find out on why Kwesi Bitchwey resigned as Finance Minister and the IMF report that stated that Tsatsu Tsikata should be prosecuted. This is to engage your mind and not spoon feed you.
CHE ANDREW 11 years ago

Please this is very important as it is interesting. Could would kindly show the reference documents or websites so that we can learn about these two issues? I have been combing the IMF websites but have not succeeded in getti ...
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Please this is very important as it is interesting. Could would kindly show the reference documents or websites so that we can learn about these two issues? I have been combing the IMF websites but have not succeeded in getting any reference recommendations from the IMF for Mr Tsatsu to be prosecuted.
Jake 11 years ago

ben and baffour change monickers to spew untruth.
They've gone to their paymasters for a follow up story.

ben and baffour change monickers to spew untruth.
They've gone to their paymasters for a follow up story.
Kay 11 years ago

This greedy man has caused so much damage to the finances of this country. There is o space to describe what he did. He crowned it by snatching his PR from her legitimate husband. God will deal with him.

This greedy man has caused so much damage to the finances of this country. There is o space to describe what he did. He crowned it by snatching his PR from her legitimate husband. God will deal with him.
4 Year Old 11 years ago

NDC should be ashamed of itself! Your politics is essentially none entity. Everything bad is done by Akuffo Addo! Crazy.

NDC should be ashamed of itself! Your politics is essentially none entity. Everything bad is done by Akuffo Addo! Crazy.
Okainjah Cowboy 11 years ago

They are all pen thieves,they should explain and pay back...MAA DZUWALOI/ODZOTSUALOI

They are all pen thieves,they should explain and pay back...MAA DZUWALOI/ODZOTSUALOI
Kofi 11 years ago

Then this criminal want to be a president of Ghana. (Tofiakor)it will never happened.

Then this criminal want to be a president of Ghana. (Tofiakor)it will never happened.
Kobena 11 years ago

Litigation in British courts cost money. Have you asked why in January 2001 the British Government had to provide to Range Rover vehicles before President Kufuor could be sworn in? Where exactly do you think the £700,000 nee ...
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Litigation in British courts cost money. Have you asked why in January 2001 the British Government had to provide to Range Rover vehicles before President Kufuor could be sworn in? Where exactly do you think the £700,000 needed to continue the case should have come from, the AG's pocket?
Cry the beloved country!
Jake 11 years ago

Even when caught with your hands in the cookie jar, you have explanations.
Laws differ from country to country hence you need a Mexican lawyer to contest a case in Mexico and so forth. S-G tried in every country and found th ...
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Even when caught with your hands in the cookie jar, you have explanations.
Laws differ from country to country hence you need a Mexican lawyer to contest a case in Mexico and so forth. S-G tried in every country and found the weakest link in the person of Ghana's AG, saw the opportunity of corrupt individuals in the NPP, who gave no thought in jailing an innocent country man.
I know of the days when Ashantis would steal from Northerners farm and blame the Ewes.
Your fight (NPP) is between yourselves Akyem/Ashanti brothers, and is all about who had the lion's share and who takes the fall. You still have time to think, and pull open the political blindfold, when making comments. £700k for swearing in a president, how foolish of you to even mention that, goes to show your immaturity. "Figlio de puttana"
Kobena 11 years ago

Jake,
It is obvious that you cannot read, neither do you know anything about Ghana, not even about how very simple names are spelt in different parts of Ghana! Where did you see "£700K for swearing in a president? Nyena abo ...
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Jake,
It is obvious that you cannot read, neither do you know anything about Ghana, not even about how very simple names are spelt in different parts of Ghana! Where did you see "£700K for swearing in a president? Nyena abowa!
OBURONIBA FITAFITA 11 years ago

I am of the opinion that Ghana must go to some length to dig for the truth. All politicians must not take the country for granted.

I am of the opinion that Ghana must go to some length to dig for the truth. All politicians must not take the country for granted.
mohammed 11 years ago

what is the name of the law firm that represented ghana before Nana took over the traditional meant for the Ghana Attorney General and failed to show up.

what is the name of the law firm that represented ghana before Nana took over the traditional meant for the Ghana Attorney General and failed to show up.
Say the Truth 11 years ago

WELL KEEP ON BLAMING NANA AKUFO ADDO EVEN BLAME HIM ON THE CURRENT ECONOMUC MESS OF GHANA, HIGH PRICES OF TRANSPORTATION, ENEGY, DUMS) DUMS90, WATER, ROAD ACCIDENT, CEDI DEPRECIATION BLAME IT ALL ON AKUFO ADDO!!!

DON'T BLA ...
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WELL KEEP ON BLAMING NANA AKUFO ADDO EVEN BLAME HIM ON THE CURRENT ECONOMUC MESS OF GHANA, HIGH PRICES OF TRANSPORTATION, ENEGY, DUMS) DUMS90, WATER, ROAD ACCIDENT, CEDI DEPRECIATION BLAME IT ALL ON AKUFO ADDO!!!

DON'T BLAME YOU GUYS BUT ONLY ON STUPID GHANAIAN ELECTORATE WHO VOTED FOR NDC AND WILL STILL VOTE FOR THEM WHEN THEY ARE MESSING UP AND SQUEEZING EVERYBODY INTO POVERTY!!!
ABU 11 years ago

And Akuffo Addo wants to lead Ghana,and at all cost and means

And Akuffo Addo wants to lead Ghana,and at all cost and means
peace 11 years ago

THIS A STUPID TOO OLD WOYOME IS WALKING FREE WAKE UP PEPENI AND NDC

THIS A STUPID TOO OLD WOYOME IS WALKING FREE WAKE UP PEPENI AND NDC
Efo Canada 11 years ago

Why Ewes are afraid of this one man? You guys are educated fine with everybody but the fact is you have just knowledge and lack wisdom which is essential in life .Using your educated idiots full of shits attacking this man w ...
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Why Ewes are afraid of this one man? You guys are educated fine with everybody but the fact is you have just knowledge and lack wisdom which is essential in life .Using your educated idiots full of shits attacking this man will not help you , tribal minded people,you always pave way for others to insults us ,do you guys sometimes think about Ghana insteal of your small region Volta? If the entire Ghana is not of peace what is Volta region you selfish and the most corrupt tribe in Ghana economy,use your contacts in the gov't to develop Volta,JJ took this seat for 20yrs but it took K4 couple months to do Keta defence wall you who do not think but called yourselves educated ,people always laughing at us.If Tsatsu have proves let him go to court ,he went to jail because of GNPC and he will die in prison because of GNPC money
Abongo 11 years ago

You are a fool. The fact is Akufo-Addo is a crook and we shall be on his neck till he enters his grave. Ewes are ready for any public disturbances. You are a fool, Keta defence wall idiot. We are educated and let us see how t ...
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You are a fool. The fact is Akufo-Addo is a crook and we shall be on his neck till he enters his grave. Ewes are ready for any public disturbances. You are a fool, Keta defence wall idiot. We are educated and let us see how this case is going to end.
efo 11 years ago

don't mind that son of a street dog

don't mind that son of a street dog
Akpaklika Mewua Lo Ode 11 years ago

The voltarians are very principled. They will not use contacts to defer development to other regions that need a fair share.

Some of are so genitally corrupt that no success ever comes without a "connection"

What a cult ...
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The voltarians are very principled. They will not use contacts to defer development to other regions that need a fair share.

Some of are so genitally corrupt that no success ever comes without a "connection"

What a culture!!
Vodoo Xebieso 11 years ago

Novinye, that's one disgraceful hallmark of these our cousins. They believe in "contacts" and "connections" to the extent that they don't even realise when they suborn people to murder their uncles just to inherit him!! Hmmmm ...
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Novinye, that's one disgraceful hallmark of these our cousins. They believe in "contacts" and "connections" to the extent that they don't even realise when they suborn people to murder their uncles just to inherit him!! Hmmmmm! Rawlings could have used his position in government to lopsidedly engage in so many development projects in the Volta Region, but because of the Ewe chiefs who felt there must be fair play, nothing significant took place in the VR during his tenure. De asi le gbemelawo nuti, novinye.
Vodoo Xebieso 11 years ago

Bastard son of a raped she-ape, is that all you can say? Ewes are never selfish and are not more corrupt than your stock - anyway you are NOT an Efo. Why don't you use your animal shit name? We Ewes are proud to be Ewes and n ...
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Bastard son of a raped she-ape, is that all you can say? Ewes are never selfish and are not more corrupt than your stock - anyway you are NOT an Efo. Why don't you use your animal shit name? We Ewes are proud to be Ewes and nothing less than that. Gbemela.
BARBARIC NPP PARTY 11 years ago

Its so disgusting that this nonsense akans think Ghana is for them alone. Its simply because they lack knowledge and simple technical know-how. Ewes are 99.9% better than akans and are more sociable than these troublesome aka ...
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Its so disgusting that this nonsense akans think Ghana is for them alone. Its simply because they lack knowledge and simple technical know-how. Ewes are 99.9% better than akans and are more sociable than these troublesome akans. Infact akans are "cocoa ase kurasefuo" .
Opionionated 11 years ago

I felt so sad that the then Gold Coast actually agreed to have these outcasts as part of Ghana.
If only we had left them alone to be tortured.

Stupid ewes!!

I felt so sad that the then Gold Coast actually agreed to have these outcasts as part of Ghana.
If only we had left them alone to be tortured.

Stupid ewes!!
Kofi 11 years ago

Failing to represent the interest of the state? Coming from an NDC deputy minister? Are talking about the Woyome case here?

Failing to represent the interest of the state? Coming from an NDC deputy minister? Are talking about the Woyome case here?
Obed Adore 11 years ago

And this guy wants to be the president of My dear country, GHANA. "at all cost".
We will use this very case, his "virtual" law certificate among others as issues against him should dares becoming the presidential candidate f ...
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And this guy wants to be the president of My dear country, GHANA. "at all cost".
We will use this very case, his "virtual" law certificate among others as issues against him should dares becoming the presidential candidate for NPP, come 2016..
Kotei 11 years ago

just as good he did not win the election. he would have used his position to shield himself from this case. you can sense why he is still thinking to become the president given the chance. otherwise he would have announced hi ...
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just as good he did not win the election. he would have used his position to shield himself from this case. you can sense why he is still thinking to become the president given the chance. otherwise he would have announced his retirement in the race.
Abongo 11 years ago

I told you sometime ago that, Agyekum Kufuor is a crook, Akufo-Addo is a crook and the NPP Party as a whole is made up of crooks.

I told you sometime ago that, Agyekum Kufuor is a crook, Akufo-Addo is a crook and the NPP Party as a whole is made up of crooks.
Seymour Gray LL.B. (USA) 11 years ago

THE NPP AND NANA ADDO AKUFO-ADDO ARE STRONG THINKERS WHO WILL MAKE THE BEST CHOICE ON THE PATH TO FOLLOW. WE ONLY NEED TO TRUST AND FOLLOW.

THE NPP AND NANA ADDO AKUFO-ADDO ARE STRONG THINKERS WHO WILL MAKE THE BEST CHOICE ON THE PATH TO FOLLOW. WE ONLY NEED TO TRUST AND FOLLOW.
Kwadwo 11 years ago

I am surprised the host of news file allowed Agalga to make such a baseless claim against Akuffo Addo. The US Courts refused to seize the ship on jurisdictional grounds not on the merit of the case..Therefore. Agalga's asse ...
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I am surprised the host of news file allowed Agalga to make such a baseless claim against Akuffo Addo. The US Courts refused to seize the ship on jurisdictional grounds not on the merit of the case..Therefore. Agalga's assertion that Societal Generale was going to lose the case in the British Courts was groundless. GNPC owed the money and it had defaulted. The ship, that was pledged as collateral, had been seized and was eventually going to be liquidated to pay off the debt after judgement. It was therefore prudent to reduce the debt by settlement and sell the ship to pay
the debt.
r
Mmoatia_Komfour 11 years ago

An application to seize the ship when it was in Mexican and Panamanian( country of registration) waters respectively? In the UK Court, SG was heading for yet another shelacking that is why it stalled turning over vital docume ...
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An application to seize the ship when it was in Mexican and Panamanian( country of registration) waters respectively? In the UK Court, SG was heading for yet another shelacking that is why it stalled turning over vital documents the judge had ordered it turn over to the defendants(Ghana)
And when our int`l attys were unceremoniously fired by the AG dept, that inexplicably failed to show upn court,the court had little choice but do the bidding of SG. We have seen the same thing happen here in our own courts where govt attys,either by accident or design,consistently fail to show up in court to defend the interests of the state. In this particular case, I will dare say this strange happening, was an accomodation the new players on the block,had reached to enable SG take us to the cleaners.
So this 'Ananse' tale about "jurisdictional grounds" is only a fiction people like you and Kweku Baako are putting forward to conceal the truth! If it was a simple matter of jurisdiction, and that SG had a water-tight case,where else could it have suceeded than in Panama?
CAPII 11 years ago

HOW DID $45.7 MIL. GNPC DEBT OCCUR IN THE FIRST PLACE ? SIMPLE,STONE AGE TSATSU'S INCOMPETENCE BROUGHT FINANCIAL LOSS TO THE STATE. AGAIN FROM 2008--2013 GHANA'S DEBT STOCK 43.5 MIL CEDIS UNDER NDC,POOR ECONOMIC MANAGEMENT.

HOW DID $45.7 MIL. GNPC DEBT OCCUR IN THE FIRST PLACE ? SIMPLE,STONE AGE TSATSU'S INCOMPETENCE BROUGHT FINANCIAL LOSS TO THE STATE. AGAIN FROM 2008--2013 GHANA'S DEBT STOCK 43.5 MIL CEDIS UNDER NDC,POOR ECONOMIC MANAGEMENT.
NOTOROUS PEOPLE'S PARTY(NPP) 11 years ago

CAPII TIME FOR ALL THOSE SUPPORTING HIDDEN CRIMINALS BE BOW CRIMINALS BE BOW DOWN IN SHAME.TSATSU WAS ONLY JAILED BECAUSE NPP THAT TIME NEEDED MONEY FOR THEIR POCKET THUS MAKING THAT NASTY MOVE.ALL THOSE INVOLVED WILL BE PU ...
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CAPII TIME FOR ALL THOSE SUPPORTING HIDDEN CRIMINALS BE BOW CRIMINALS BE BOW DOWN IN SHAME.TSATSU WAS ONLY JAILED BECAUSE NPP THAT TIME NEEDED MONEY FOR THEIR POCKET THUS MAKING THAT NASTY MOVE.ALL THOSE INVOLVED WILL BE PUNISH.CAPII TELL AKUFFO AND KUFFOUR TO BE READY TO NSAWAM FOR CAUSING FINANCIAL LOSS TO THE STATE.
Pelicles 11 years ago

Both political parties in Ghana are hiding the truth from the average Ghanaian and here we are displaying our ignorance about the whole issue. Instead of holding some people responsible for the sale of the ship, we are exhib ...
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Both political parties in Ghana are hiding the truth from the average Ghanaian and here we are displaying our ignorance about the whole issue. Instead of holding some people responsible for the sale of the ship, we are exhibiting partisan senselessness and accusing each other while the nation is suffering from the abysmal performance of these thieves.
JAH 11 years ago

IT'S ABOUT TIME NDC AND NPP SUPPORTERS HAVE TO COME TOGETHER AND FIGHT THIS FOOLS

IT'S ABOUT TIME NDC AND NPP SUPPORTERS HAVE TO COME TOGETHER AND FIGHT THIS FOOLS
JAH 11 years ago

CAPII,YOU ARE A BIG FOOL WHEN WE TALKING ABOUT GHANA U ARE PLAYING PARTY GAME

CAPII,YOU ARE A BIG FOOL WHEN WE TALKING ABOUT GHANA U ARE PLAYING PARTY GAME
Cool Cat 11 years ago

It seems Ghanaians are still sleeping
There is way that the so call Akufo-
Addo will be president. He is one of the wahara Ashanti who has nothing to do but to distroy the nation.
Sorry to say he should go to Gillis vill ...
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It seems Ghanaians are still sleeping
There is way that the so call Akufo-
Addo will be president. He is one of the wahara Ashanti who has nothing to do but to distroy the nation.
Sorry to say he should go to Gillis village
Anthony 11 years ago

Bulshit all Political Leaders of this Country, Bulshit all Lawyers represent this country except the few ones who wants to help develop this Nation. Let me ask this question and Let the Politicians Answer me.

WHAT IS THE D ...
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Bulshit all Political Leaders of this Country, Bulshit all Lawyers represent this country except the few ones who wants to help develop this Nation. Let me ask this question and Let the Politicians Answer me.

WHAT IS THE DIRECTION OF DEVELOPMENT AND GROWTH OF THIS COUNTRY. IF YOU FAIL TO ANSWER ME THIS QUESTION YOU WILL ANSWER THE GREAT ONE - ONE DAY.
PEKI TUMU 11 years ago

The Presidency of Mills denied Ghanaians these insights into some of these bad ways of the NPP administration under Kuffour.
It was evident from the onset that they were full of themselves and instead of allowing themselves ...
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The Presidency of Mills denied Ghanaians these insights into some of these bad ways of the NPP administration under Kuffour.
It was evident from the onset that they were full of themselves and instead of allowing themselves time to learn the ropes, they embarked on grand stand decisions making gestures interlaced with bent law enforcement measures in order to impress . How could a lawyer who was a general legal practitioner come in and be made an Attorney General and overnight acquire the expertise to make decisions about complicated financial measures such as derivatives?

Here was a Minister who was not prepared to allow the Solicitors who were dealing with the issues before he came into office, the room and time to complete their job for the sake of the national interest. He and his colleagues were more interested in playing politics and in the end cost and lost Ghana a lot of money and assets

At least the Sole Commissioner appointed by this new President Mahama, will delve into some of these very bad decision making and allow Ghanaians to gain some insight into what the NPP did with the resources of Ghana while they were in office.
V.K Offei Bronx N Y 11 years ago

Nana shd answer the sale of national asset which had been bought with Ghanaians money for oil project.

Nana shd answer the sale of national asset which had been bought with Ghanaians money for oil project.
Woman's wisdom 11 years ago

NDC has tried every means to soil Nana Addo's name but for God's sake, it will not wash. He is always victorious unless Satan the devil is employed by NDC to state otherwise. First they portrayed to the whole world that Nana ...
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NDC has tried every means to soil Nana Addo's name but for God's sake, it will not wash. He is always victorious unless Satan the devil is employed by NDC to state otherwise. First they portrayed to the whole world that Nana Addo is not a lawyer, knowing too well that Tsatu Tsikata was Nana's class mate in law. This time they used an Ayigwe thief ex justice buffoon Kpegah to plant that foolery. Then by the use of Amekudzi, another stupidity was implanted in athe court room. Now, a drill ship which was sold by Tsatu Tsikata is being blamed on Nana Addo. How stupid can NDC be? All they want to do is to put Woyome's case under the carpet by finding other means to show that even other people have done the same thing in the past. Shame on you all, NDC fools.
Boye Chico 11 years ago

ass

ass
Boye Chico 11 years ago

vff

vff
NII LARTEY NARTEY 11 years ago

What is reckless about $19.5m as against $51m paid into an individual pocket for no job performance of anything whatsoever beneficial to the country.

Lets talk about the hugely criminally fixed over priced Mahama's Brazili ...
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What is reckless about $19.5m as against $51m paid into an individual pocket for no job performance of anything whatsoever beneficial to the country.

Lets talk about the hugely criminally fixed over priced Mahama's Brazilian plane deal, the hoaxed Korean STX mafians who came to con the entire country but well defended by Mahama, Bgabgin, Koku Anidohos, the shameless car thief Sebgefias and Hannah Bisiws and lets talk more about Mahama's SADA guinea fowls/afforestation deal and the newly shameful commission of fact finding report on GYEEDA.

I can go on and on with various horrendous crimes committed against this country from the unset of the fake bloody 31st December revolution under the PNDC that gave birth to NDC which came to make the yesterday's university campus poor rats like the Tsatsus the super rich today in our society where crime has become an official recognized institution with criminals walking the corridors of political powers and given red carpet at state functions.

Why did the IMF gave a damaging report for Tsatsu Tsikata to be arrested and prosecuted here in Ghana? Will Tsatsu the jail bird come out to explain that to the public?

The truth is, Ghana needs a real people's spontaneous revolution for a clean up. Period!
OPK 11 years ago

DO YOU THINK GHANAIANS ARE STUPID AS YOU DO YOU GUYS WONTTO COVER THINGS UP NOTORIOUS WAYOME WAS PAID OVER FORTY MILLION DOLLARS FOR DOING NOTHING AND AIMOST 60O MILLION DOLLARS HAVE BEEN PAID ON UNECECCSARY SO CALL JUDGEMENT ...
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DO YOU THINK GHANAIANS ARE STUPID AS YOU DO YOU GUYS WONTTO COVER THINGS UP NOTORIOUS WAYOME WAS PAID OVER FORTY MILLION DOLLARS FOR DOING NOTHING AND AIMOST 60O MILLION DOLLARS HAVE BEEN PAID ON UNECECCSARY SO CALL JUDGEMENT DEBT DEAL WITH WAYOME IDIOT1!!!11
Kofi 11 years ago

A politician will put poliltician to jail whiles they`re on the same Boat (NDC-NPP)?Gold,Diamont.Oil..LOOK at yourself GHANA!.

A politician will put poliltician to jail whiles they`re on the same Boat (NDC-NPP)?Gold,Diamont.Oil..LOOK at yourself GHANA!.
corrupt mahama juju killed mills,ei 11 years ago

WATERVILL,WOYOME,GYEEDA,OIL,USELESS MAHAMA MUST COME CLEAN AS JJ AND DOC ASEM FOFRO SAID,HIS IS AN NDC MAN,

WATERVILL,WOYOME,GYEEDA,OIL,USELESS MAHAMA MUST COME CLEAN AS JJ AND DOC ASEM FOFRO SAID,HIS IS AN NDC MAN,
KWAME ACHI london,(KUMASI BREMANG 11 years ago

WHY SOME PEOPLE ARE STILL USING THIS WAY TO INSULTING OTHERS? LETS CHANGE THIS INSULTS WORDS AND BRING OUR IDEAS OR GOOD VIEWS TO DEVELOP OUR BELOVED COUNTRY GHANA.LETS REMEMBER,THE COLONIA DAYS ARE DEAD FOR GOOD.UNITY,RESPE ...
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WHY SOME PEOPLE ARE STILL USING THIS WAY TO INSULTING OTHERS? LETS CHANGE THIS INSULTS WORDS AND BRING OUR IDEAS OR GOOD VIEWS TO DEVELOP OUR BELOVED COUNTRY GHANA.LETS REMEMBER,THE COLONIA DAYS ARE DEAD FOR GOOD.UNITY,RESPECT AND ACCOUNTABILITY WE STAND FOR.MAY GOD OR ALLAH BE WITH US.
Abba 11 years ago

NDC POPAGANDA MACHINE. THE SPIRIT OF JUNE 4TH 1979 REVOLUTION IS TOTALLY DEAD BECAUSE MAHAMA LED NDC HAS LOOTED THE COFFERS OF THE NATION. NOW IT IS OBVIOUS THAT THE BLOOD OF THOSE WHO WERE EXECUTED ARE INNOCENT.

NDC POPAGANDA MACHINE. THE SPIRIT OF JUNE 4TH 1979 REVOLUTION IS TOTALLY DEAD BECAUSE MAHAMA LED NDC HAS LOOTED THE COFFERS OF THE NATION. NOW IT IS OBVIOUS THAT THE BLOOD OF THOSE WHO WERE EXECUTED ARE INNOCENT.
Abba 11 years ago

EVEN THE OIL DESCOVERY HAS BEEN THE PERSONAL PROPERTY OF NDC CRIMINALS.

EVEN THE OIL DESCOVERY HAS BEEN THE PERSONAL PROPERTY OF NDC CRIMINALS.
nsem pii 11 years ago

Did we forget WOYOME was offered 51m free? These folks lay gutter game.

Did we forget WOYOME was offered 51m free? These folks lay gutter game.
NON-ALIGNED 11 years ago

Why all this blame game and gutter politics and get the same courts to deal with all these lot from the two USELESS parties.....................Just as they did with Aggudey and show some respect to OUR citizens.

Ghana has ...
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Why all this blame game and gutter politics and get the same courts to deal with all these lot from the two USELESS parties.....................Just as they did with Aggudey and show some respect to OUR citizens.

Ghana has been looted enough by these USELESS parties and it's about time they stop playing with our intelligence and be dragged to the courts and be jailed accordingly.....if found guilty!

Enough of the GUTTER POLITICS and jail all thieves!!!!!!!!!
That is why Nkrumah Never die!!!!!
Look at the state of his nation. They overthrew him for this??????????????
Oh! Honest Ghanaians please reflect on where we would have been with Osagyefo.....It's so obvious it would not have been like this.

A nation full of CORRUPT so-called leaders and politicians!!!!!!!!!!!!!

GOD BLESS GHANA!
AFRICAN FOREVER!
NOTOROUS PEOPLE'S PARTY(NPP) 11 years ago

THAT IS WHY? THIS MAN AKUFFO ADDO SAID ALL DIE BE DIE,TO WIN THE ELECT ION AT ALL COST JUST TO COVER UP THIS CRIMINAL ACT.GHAIANS HAS HAS NOW SEE THAT,TSATSU WAS ONLY USED AS A COVER UP.ITS NOW TIME FOR THOSE PEOPLE TO GET T ...
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THAT IS WHY? THIS MAN AKUFFO ADDO SAID ALL DIE BE DIE,TO WIN THE ELECT ION AT ALL COST JUST TO COVER UP THIS CRIMINAL ACT.GHAIANS HAS HAS NOW SEE THAT,TSATSU WAS ONLY USED AS A COVER UP.ITS NOW TIME FOR THOSE PEOPLE TO GET THEIR PUNISHMENT.THEY NEED TO BE IN JAIL NOW.
Kee 11 years ago

THE PAYMENT OF THE DEBT DOESN'T MATTER, THE MOST IMPORTANT THING IS TO FIND OUT HOW THE DEBT WAS INCURRED. NDC THINK ABOUT THIS.

THE PAYMENT OF THE DEBT DOESN'T MATTER, THE MOST IMPORTANT THING IS TO FIND OUT HOW THE DEBT WAS INCURRED. NDC THINK ABOUT THIS.
COS 90 11 years ago

Nana Addo please come from UK trip, ghanaians need you to explain the rational behind the sale the drill ship. This is anther financial loss to the state and Nsawam is the solution like NPP did it to late Mr. victor salomey, ...
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Nana Addo please come from UK trip, ghanaians need you to explain the rational behind the sale the drill ship. This is anther financial loss to the state and Nsawam is the solution like NPP did it to late Mr. victor salomey, kwame peprah etc. Nana will surely go there.
Woman's Wisdom 11 years ago

Only a fool will say something like this. If Woyome, Tsikata, Mahama, Okudjeto and Betty Mould are breathing fresh air, you fool talk about Nana, the wisest and honored individual like Nana Addo this way? You are a big fool. ...
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Only a fool will say something like this. If Woyome, Tsikata, Mahama, Okudjeto and Betty Mould are breathing fresh air, you fool talk about Nana, the wisest and honored individual like Nana Addo this way? You are a big fool. Nana Addo is too clean and without blemish so you fools must stop talking ill about him. He is just too honorable and respectably respectful.
BARBARIC NPP PARTY 11 years ago

Its so astonishing that we have illiterates in Ghana that still go behind this propaganda party so called npp. We all know about npp's state funds embezzlement and confiscation. Its a high time for that good for nothing idiot ...
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Its so astonishing that we have illiterates in Ghana that still go behind this propaganda party so called npp. We all know about npp's state funds embezzlement and confiscation. Its a high time for that good for nothing idiot nana to be jailed over state fund chop chop. Nkwasiaaaa fuo!!!
Opionionated 11 years ago

It is your mother, father, your family, your entire fucking clan that are idiots and will end up in jail.

What have you achieved in your life with all this stupidity anyway?

kwasiaa boy!!

It is your mother, father, your family, your entire fucking clan that are idiots and will end up in jail.

What have you achieved in your life with all this stupidity anyway?

kwasiaa boy!!
D.D. Adams 11 years ago

Nana Addo can never be reckless if the initial judgment debt of $47b was deduced to $19 by K.T Hammond's intervention. Hon. James Agalga should extirpate the matter and not defoliate it instead

Nana Addo can never be reckless if the initial judgment debt of $47b was deduced to $19 by K.T Hammond's intervention. Hon. James Agalga should extirpate the matter and not defoliate it instead
Daavi 11 years ago

Tsatsu and his cronies should tell Ghanaians where the other ten vessels are. Thieves.

Tsatsu and his cronies should tell Ghanaians where the other ten vessels are. Thieves.
DR VICTOR MICHAEL - USA 11 years ago

RESEARCH SHOWS THAT ELDERLY PEOPLE LIKE NANA ADDO ARE HIGHLY RISKED TO BE ELECTED/VOTED AS LEADERS. THIS IS OF THE FACT THAT THEY ARE PRONE TO HAVE DEMENTIA. Dementia is a common condition that affects about 800,000 to 8.5 mi ...
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RESEARCH SHOWS THAT ELDERLY PEOPLE LIKE NANA ADDO ARE HIGHLY RISKED TO BE ELECTED/VOTED AS LEADERS. THIS IS OF THE FACT THAT THEY ARE PRONE TO HAVE DEMENTIA. Dementia is a common condition that affects about 800,000 to 8.5 million people in the world. Your risk of developing dementia increases as you get older, and the condition usually occurs in people over the age of 65. Nana Addo is over 65, therefore he is likely to have dementia which isn't ideal to lead a country like Ghana. Dementia is a syndrome (a group of related symptoms) associated with an on-going decline of the brain and its abilities. This includes problems with:

•memory loss - can't remember what he says
•thinking speed - always talking about free shs
•mental agility - very timid sometimes
•language - people don't understand his messages
•understanding - complex to understand him
•judgement - why going to supreme court after the election? bad judgement
Kofi 11 years ago

Some doctor. Thank God you are not in Ghana.

Some doctor. Thank God you are not in Ghana.
GHANABI 11 years ago

Hei! Mr. Man, don't bring your fucking self here,ok? This is GHANA, our GHANA, so you better pack your sausages and hotdogs and leave us in peace. You must respect, ok. Swine. Go tell your Mama that she is prone to DEMENTIA, ...
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Hei! Mr. Man, don't bring your fucking self here,ok? This is GHANA, our GHANA, so you better pack your sausages and hotdogs and leave us in peace. You must respect, ok. Swine. Go tell your Mama that she is prone to DEMENTIA, aboa bi ba.
Kwame Asante, Ny 11 years ago

What kind of doctor are you? Is it medicine or philosophy? Do you know how old Reagan was before he became the president of the most powerful country in the world? Your argument is flawed and your constructions do not measure ...
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What kind of doctor are you? Is it medicine or philosophy? Do you know how old Reagan was before he became the president of the most powerful country in the world? Your argument is flawed and your constructions do not measure up to the standard of a doctor. I am sorry. Akuffo Addo did the right thing for what took place. In your right sense, don't you believe that the verdict was wrong? Even if Akuffo Addo were 100 years old as president he would be more honest and capable of ruling the counrty better than Mahama who is so corrupt to the core. Only dictators and greedy bastards can rule in Africa.
shaggy 11 years ago

It has come to our attention that the sale of GNPC vessel MV511 to settle the so called judgement debt incurred as a result of administrative and financial differences between the GNPC and Societe General is been turned into ...
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It has come to our attention that the sale of GNPC vessel MV511 to settle the so called judgement debt incurred as a result of administrative and financial differences between the GNPC and Societe General is been turned into a rationalization of reckless and unpatriotic episode by the NPP.
We of the MAG wish to condemn the act of the then Minister of Energy Hon. Kan Dapaah, his deputy Hon. K.T. Hammond and Minister of Justice and Attorney General Hon. Nana Addo Danquah AKuffo Addo and in general the Kuffour administration.
We are doing so because of the indifference and careless manner spokespersons of the NPP are making about the saga.
We ask the following questions:
(1)Who were the advisors for the whole transaction up to the point of sale of the ship?
(2)Was there value for money in the valuation of the ship?
(3)Was there any judgment in respect of the case?
(4)Per the Bank of Ghana Act; Act (612) the Bank of Ghana shall lead in any financial transaction, be it local or international. So the question is, was the Bank of Ghana involved in this transaction?
(5)Was payment made in cash or cheque?
(6)If it was cheque, how was it disbursed?
(7)By whose consent was it disbursed?
(8)Who authorized the payment of up to $ 1 million (One Million US Dollars) as legal fees?
(9)Where is the balance of $ 3.5 million?
(10)Why were the first external Solicitors withdrawn from the case?
(11)Why did the new Solicitors led by Nana Akuffo Addo failed to appear in court on several occasions?
(12)Was there any sinister reasons for so doing?
We asked the above questions for and on behalf of the million Ghanaians and plead with Civil Society Organizations to do same so that the running of corporate Ghana should never go down there again.
Finally, these questions demand answers from Kuffour led administration, the then Attorney General Hon. Nana Addo Dankwa Akuffo Addo and the then Minister of Energy and his deputy Hon. Kan Dapaah and Hon. K.T. Hammond
Thank you.
Jake 11 years ago

Has Ghana got an FIA?
Makes you wonder how an AG who has never practiced in the UK choose to represent Ghana.

Has Ghana got an FIA?
Makes you wonder how an AG who has never practiced in the UK choose to represent Ghana.
Holy Father 11 years ago

AND what about woyome? stop yuor nonsense and talk of how to make DEVELOPMENTS like OTHER WORLD

AND what about woyome? stop yuor nonsense and talk of how to make DEVELOPMENTS like OTHER WORLD
KOKI 11 years ago

The government through its Ministries must as a matter of expediency stop the blame game and cut a coat for the nation to put on against the dire economic cold! Are they going to spend all the time in the world blaming Aku ...
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The government through its Ministries must as a matter of expediency stop the blame game and cut a coat for the nation to put on against the dire economic cold! Are they going to spend all the time in the world blaming Akufo Addo and NPP and their political enemies until when? What sort of political vision do we have in this country? Just empty political talk, talk, insults, blame etc so much of them but so little productivity! No wonder the term of office would expire and they can't be proud of their achievement for the average citizen! Shame! They would then trumpet loudly around begging for "extra time" to win the match! Mind-boggling, through sweet political talk they would get some whose daily living or fortunes never improved an inch by the performance of the same politicians to vote them into "power" again! What a sorry state this is!
Yaw 11 years ago

thanks to atuguba,you can spew nonesonce.

thanks to atuguba,you can spew nonesonce.
KOFI - USA 11 years ago

WAHT WOYOME AND ALL THE JUDGMENT DEBT NDC HAD PAID SO FAR. WHAT DONT YOU TALK ABOUT THAT? BOTH NDC AND NPP ARE CORRUPT AND THE MAHAMA IS NO EXCEPTION WHEN HE IS TALKING ABOUT HOLDING THE TRUTH. AS A VICE PREZ. HE WAS IMPORTIN ...
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WAHT WOYOME AND ALL THE JUDGMENT DEBT NDC HAD PAID SO FAR. WHAT DONT YOU TALK ABOUT THAT? BOTH NDC AND NPP ARE CORRUPT AND THE MAHAMA IS NO EXCEPTION WHEN HE IS TALKING ABOUT HOLDING THE TRUTH. AS A VICE PREZ. HE WAS IMPORTING RICE INTO THE COUNTRY WHEN NDC GOVT HAD BANNED THE IMPORTATION OF RICE INTO THE COUNTRY. THAT IS THE REASON WHY SINCE JANUARY 2013 THE DEBT HAD RISEN BY GHC18.9 BILLION BUT NOTHING TO SHOW FOR IN THE COUNTRY. DONT COVER THE DEEDS OF NDC GOVT.
AMPONSA KAKABO LONDON 11 years ago

IS ABSURD TO HEAR FROM SOME GOVERNMENT MINISTERS WHO DO NOT HAVE ANY KNOWLEDGE OR IDEA ABOUT FINANCIAL INSTRUMENTS LIKE DERIVATIVES.
THEIR COMMENTS SHOW HOW THE GOVERNMENT IS DESPERATE TO EQUALISE SOMETHING WHICH IS NOT THER ...
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IS ABSURD TO HEAR FROM SOME GOVERNMENT MINISTERS WHO DO NOT HAVE ANY KNOWLEDGE OR IDEA ABOUT FINANCIAL INSTRUMENTS LIKE DERIVATIVES.
THEIR COMMENTS SHOW HOW THE GOVERNMENT IS DESPERATE TO EQUALISE SOMETHING WHICH IS NOT THERE. AS A BANKER AND TRAINED IN DERIVATIVES TRADING I AM ONE OF THOSE PROFESSIONALS OUT THERE WHO ARE IN BETTER POSTIONED TO EXPLAIN THE TRADING MECHANISM AND WHAT IS REQUIRED FROM FINANCIAL SERVICES AUTHORITIES GLOBALLY. AGAIN, GHANAIANS SHOULD UNDERSTAND WHAT IS LEGALLY KNOWN AS SET-OFF IN FINANCIAL TRANSACTIONS. WHAT SORT OF RISKS CONTROLS DID TSIKATA AND HIS THEN GNPC DID PUT IN PLACE.
IN BANKING WORLD IF YOU HAVE A PROPERTY AS A MORTGAGE, COLLATERAL OR ANY FORM SECURITY EITHER AS A FLOATING OR FIXED ASSETS AND THE BANK FORECLOSE DUE TO DEFAULT REPAYMENT, THE BANK HAS EVERY RIGHT TO SELL THE PROPERTY AT A REASONABLE PRICE UNDER THE TERMS OF THE FINANCIAL CONTRACT.
IF THEY ARE ABLE TO SELL THE PROPERTY UNDER A BULLISH MARKET THEY WILL APPLY THE RULE OF SET-OFF AFTER TAKEN INTO ACCOUNT ALL OTHER CHARGES RELATING TO THE FORECLOSED ACCOUNT.
HOWEVER, IF THE CUSTOMER IS FORTUNATE IN BULLISH MARKET SITUATION AND THE BALANCE RESULTS IN CREDIT POSITION IN FAVOUR OFF THE CUSTOMER, THE BANK WILL THEN ISSUE A CHEQUE PAYABLE TO THE CUSTOMER, CONVERSELY THEY WILL CHASE THE CUSTOMER TO PAY THE DIFFERENCE. THIS HAS NOTHING TO DO WITH POLITICS, IS THE APPLICATION OF LAW AND PRACTICE OF BANKING.
NOTWITHSTANDING, TSIKATA AS A CRIMINAL LAWYER WHO HASN'T GOT A CLUE ABOUT THESE BANKING AND FINANCIAL LAWS.
GNPC AND TSIKATA TOOK A POSITION WHICH BECAUSE OF LACK OF DEVELOPING A TRADING STRATEGY RESULTED IN A HUGE DEFICIT WHICH SG BANK FORECLOSED THE ACCOUNT AND SOLD THE COLLETERL. THEY THEN SET-OFF WHICH AS EXPLAINED ALREADY A NORMAL PRACTICE. THEREFORE GIVING THE NET BALANCE TO THE DEPUTY MINISTER IN A FORM OF A CHEQUE PAYABLE TO THE REPUBLIC OF GHANA WAS ABSOLUTELY CORRECT.
MY PROBLEM IS, WHY KT HAMMOND FAILED TO MAKE PHOTOCOPIES OF THE CHEQUE AND ALL THE ATTACHED LETTERS AND DOCUMENTS. WHEN THE CHEQUE WAS HANDED TO MINISTRY OF FINANCE WAS IT THROUGH
MINISTERIAL PROTOCOL AND FROM MINISTRY OF FINANCE TO BANK OF GHANA WHAT FORM OF DESPATCH SYSTEM IN A FORM OF VALUE CHAIN IS IN PLACE.
GHANA MINISTRIES AND OTHER STATE INSTITUTIONS ARE PRACTISING IN THIS POSTMORDERN ERA AS IF WE ARE IN THE GUGGISBERG DAYS. A TYPICAL EXAMPLE IS REGISTERING A VEHICLE AT DVLA AND WANTED TO CHANGE ITS USE FROM PRIVATE TO COMMERCIAL. WITHIN A PERIOD OF 30 DAYS DVLA WILL COME BACK TO TELL YOU THAT THEY CAN'T TRACE THE VEHICLE DOCUMENTATION, I'M A LEAVING EXAMPLE TO THIS FACT. THEREFORE I'M CHARGING MINISTRY OF FINANCE AND BANK OF GHANA TO PRODUCE EVERY TRANSACTIONS TO UNRAVEL THIS PROPAGANDA PERSUIT WITHIN 14 DAYS UNLESS THEY COME BACK TO TELL GHANAIANS THAT ALL DOCUMENTS HAVE BEEN SHREDDED.
Papa Yaw 11 years ago

How

How
WEAKLION 11 years ago

I want to hear good news about how our leaders are trying to solve the weakest economy , Ghanaians are suffering thru out the country. It's time for the NDC President to come up with solution about the Poor economy it's taki ...
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I want to hear good news about how our leaders are trying to solve the weakest economy , Ghanaians are suffering thru out the country. It's time for the NDC President to come up with solution about the Poor economy it's taking way too long .
ERIC 11 years ago

TRASH STORY AND SPINNED

TRASH STORY AND SPINNED
FREDERICK KOFI TAWIAH 11 years ago

stupid fool. have you forgot Bertthy Mould CP, Wayome. shameless people. think the way your president will solve the economic problem.

stupid fool. have you forgot Bertthy Mould CP, Wayome. shameless people. think the way your president will solve the economic problem.
ERIC 11 years ago

SEE NDC TALKING

SEE NDC TALKING
ERIC 11 years ago

NDC BEHAVING LIKE OPPOSITION PARTY

NDC BEHAVING LIKE OPPOSITION PARTY
Akadu Mensema 11 years ago

How much has the NDC cost us!

How much has the NDC cost us!
Ericus-Ericus 11 years ago

Prez Mahama will always be called a "FOOL" if he does not restrain his boys from misleading Ghanaians.

Prez Mahama will always be called a "FOOL" if he does not restrain his boys from misleading Ghanaians.
SUGLO -JAPAN 11 years ago

Wow I think this is the start of the
2016 election campaign strategy.If
this is true lets talk about Woyome.
The said ship was sold for a purpose
but woyome recieved money bigger than
that without any work done.Tsatu and ...
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Wow I think this is the start of the
2016 election campaign strategy.If
this is true lets talk about Woyome.
The said ship was sold for a purpose
but woyome recieved money bigger than
that without any work done.Tsatu and
his boys cannot take us for a ride.
Korsi Vivor 11 years ago

AKUFO-ADDO IS A CRIMINAL. PEOPLE CANNOT BELIEV THIS BUT THAT IA THE TRUTH.

AKUFO-ADDO IS A CRIMINAL. PEOPLE CANNOT BELIEV THIS BUT THAT IA THE TRUTH.
11 YEARS OLD BOY 11 years ago

THIS IS WHY I KEEP CALLING MAHAMA A FOOL BECAUSE HE IS SIMPLY A FOOL WHO HAS EMPLOYED FOOLS TO GOVERN A STATE.. FOOLISH PEPENI ABOA

THIS IS WHY I KEEP CALLING MAHAMA A FOOL BECAUSE HE IS SIMPLY A FOOL WHO HAS EMPLOYED FOOLS TO GOVERN A STATE.. FOOLISH PEPENI ABOA
Sankofa 11 years ago

Nana Akuffo-Addo has to explain why he withdrew solicitors acting for the Government of Ghana and then failed to turn up in court.

This case smacks of mismanagement and corruption. It is typical of the recklessness of Kufu ...
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Nana Akuffo-Addo has to explain why he withdrew solicitors acting for the Government of Ghana and then failed to turn up in court.

This case smacks of mismanagement and corruption. It is typical of the recklessness of Kufuor and his ministers.
GHANABI 11 years ago

We have had enough of this bullshitting of the NDC. What is this Okotoo president doing with himself.
The SC Verdict was given in MAHAMAH's favor, so what is his problem. Now
Ghanaians are watching. Carry am make
we see. T ...
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We have had enough of this bullshitting of the NDC. What is this Okotoo president doing with himself.
The SC Verdict was given in MAHAMAH's favor, so what is his problem. Now
Ghanaians are watching. Carry am make
we see. That useless man called AGALGA
too dey talk shit. Touch Nana Addo
and GHANA caves in. Mmoa mu president
te se Mahama .Sekou said it write when he compared this lamed duck president to Mills. Ha.ha.ha.! One lame duck plus one lame duck = Two lame ducks = 2 cripple ducks ie non-performance. Nana is bold and fearless. He is popular and respected
all over the world. What of Mahama an his lazy ass? I do less agree with
Kennedy Adjepong's remark
" JOHN MAHAMA NEEDS TO BE GIVEN 36 TO SIT UP"
I cannot stop laughing at this, but it is a fact.
DAGADOO,NY,USA, 11 years ago

Small price to pay for true democracy,don't you say? Lawlessness and confusion would have cost several times more!

Small price to pay for true democracy,don't you say? Lawlessness and confusion would have cost several times more!
Kofi 11 years ago

These deputy ministers insults a lot.

These deputy ministers insults a lot.
Vitus 11 years ago

It is now obvious that no reasonable Ghanaian will vote for Nana Akuffo Addo. Where is the money? Did they share the money? Is it possible he gets chop chop from Societe Generale? What sense does it make for backing out from ...
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It is now obvious that no reasonable Ghanaian will vote for Nana Akuffo Addo. Where is the money? Did they share the money? Is it possible he gets chop chop from Societe Generale? What sense does it make for backing out from the court case? Surely, Nana cannot be the President of Ghana if he can course Ghana to lose that much.

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Akufo-Addo’s recklessness cost Ghana $19.5m – Minister

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