Fortiz: We offered a better deal than First Rand

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BBC NEWS!!!!!!!!!!!!! 12 years ago

Bring nana addo from his hideout to answer Ghanaians what he may or he may not know about the drill ship, nana is a pure criminal.

Bring nana addo from his hideout to answer Ghanaians what he may or he may not know about the drill ship, nana is a pure criminal.
AB 12 years ago

You are a big fool. You would continué to be fool till you die. You die out of your foolishness,stupidity and ignorance.

You are a big fool. You would continué to be fool till you die. You die out of your foolishness,stupidity and ignorance.
CARDINAL 12 years ago

You paid Ghc90 million for 90% of the Bank and Rand was willing to pay more than twice what you paid, Ghc199 million for less ownership percentage, 75% and your offer was better than them? Is this a case of 1+1 is 11 and not ...
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You paid Ghc90 million for 90% of the Bank and Rand was willing to pay more than twice what you paid, Ghc199 million for less ownership percentage, 75% and your offer was better than them? Is this a case of 1+1 is 11 and not 2?
11
This is plain stealing and this company might be paying Mahama's brother loan.
kwasi 12 years ago

WHY DID GHAN GOVRENMENT SETTLED FOR LESS THAT IS STUPIDTY OF THE HIGHEST ORDER I CANR BELIVE IT WOW

WHY DID GHAN GOVRENMENT SETTLED FOR LESS THAT IS STUPIDTY OF THE HIGHEST ORDER I CANR BELIVE IT WOW
Kwame 12 years ago

Liars, thieves.

Liars, thieves.
GHFUO, be serious & change ur MENtali 12 years ago

BLACKMAN CAN'T THINK!
MAHAMA SAYS.....AGYEEIII, ME TI PAI ME BRUTAL. MADWEN SAAAA...MUAHAHAHAAAAAA
OH GH, HMMM....HE SAYS THIS ASHE CHES MORE AKONF3M MEAT.
LOOK/HW3: GHANA CAN WIN THE WCUP!
KWASIA, IF YOU DINT BELIEVE TH ...
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BLACKMAN CAN'T THINK!
MAHAMA SAYS.....AGYEEIII, ME TI PAI ME BRUTAL. MADWEN SAAAA...MUAHAHAHAAAAAA
OH GH, HMMM....HE SAYS THIS ASHE CHES MORE AKONF3M MEAT.
LOOK/HW3: GHANA CAN WIN THE WCUP!
KWASIA, IF YOU DINT BELIEVE THIS. THEN THROW URSELF INTO THE ATLANTIC OCEAN 1 TIME!
GH HAS WON U17, U20.....
GH GOVT IS MEDIOCRE, INDISCIPLINED AND SUPREMELY CHEAP! LOOK AT THE QUALITY OF OUR AIRPORTS, STADIUMS, MINISTERIAL BLDGS, HIGHWAYS, MARKETS, HOSPITALS, SCHOOLS? VERY PATHETIC
EVERY MINISTER MUST BUILD AT LEAST 1 STRUCTURE BEFORE THEY LEAVE OFFICE.
SPORTS MINISTER=STADIUM. HEALTH MINISTER=HOSPITAL. TRANSPORT MINISTER=MAJOR INTER REGIONAL HIGHWAY. EDUCATION MINISTER=UNIVERSITY. ETC....
INSTEAD, THEY R BUILDING INFRASTRUCTURE IN THEIR BELLIES N BANK ACCTS. ANIMALS!
BLACK PPL ARE VERY STUBBORN, INDISCIPLINE AND HATE CHANGE. IF YOU WANT A BETTER GH. U HVE TO BE VERY RUTHLESS WITH THEM, LIKE A SLAVE OWNER. LET YOUR NO BE YOUR NO, AND LET YOUR YES BE YOUR YES.
SET THE LAW, AND WHOEVER GETS TRAPPED BY THE RAT TRAP MUST FACE THE FIRE. USE SCAPEGOATISM! IF YOU SHUFFLE YOUR FEET WITH THESE NIGGAS. THEY WILL RUN YOU OUT!
REMEMBER THE MOVIE: WHITE MEN CAN;T JUMP STARRING WESLEY SNIPES?
STEALING STREET LIGHTS IN BROAD DAYLIGHT ON NIGGER 1 HIGHWAY...MUAHAHAHAAAAA
THIS IS WHAT YOU GET WHEN U LIVE IN A SOCIETY WITH NO CREDIBLE CHECKS AND BALANCES....THIS IS AN INSIDE JOB
REGIONAL AND CITY GOVT MUST RUN AD CAMPAIGNS ON RADIO, TV: IF YOU SEE SOMETHING, SAY SOMETHING...
USE TECHNOLOGY. IMPLANT CHIPS/TRACKING DEVICES INSIDE THESE BULBS AND STREET LIGHTS. THESE TRACKING CHIPS WILL LEAD YOU TO WHERE THE PRODUCTS ARE....
He said Africa has all the natural resources anyone could think of however, the citizens wallow in abject poverty because the leaders that are supposed to effectively utilise them for their
welfare are selfish and greedy....The Omanhen of Essikadu, Nana Kobina Nketsiah V says one major challenge dragging the development efforts of Africa is lack of leadership.
ALL THESE CORRUPT, USELESS SO CALLED LEADERS MUST BE SET ON FIRE AND BURNED ALIVE. BURN THEM ALL ALIVE OOOOOOOO TOM!
WICKED LEADERS! HOW CAN U SIT THERE AND ALLOW FOREIGNERS TO COME N OWN YOUR OWN SHIT. CAN YOU GO TO CHINA AND OWN CHINESE, INDIAN, LEBANESE PROPERTY, LAND JUST LIKE THAT?
SO WEN WILL NYANTAKYI CONDUCT RESEARCH N ESTABLISH A GFA HALL OF FAME IN KUMASI? IVE BEEN HARPING ON THIS SINCE 2000.

Mr Paul Victor Obeng, has made a strong case for the need to ensure that increasing access to the Internet does not lead to the importation of alien cultures.
“While increasing access to the Internet would improve the socio-economic circumstances, its negative influences call for a concerted effort to counter the bad influence.
Increasing access should not lead us to the importation of attitudes that are incompatible with our social norms,” he said.
WAT IS PV'S PROBLEM? WESTERN NATIONS LIKE CANADA, AMERICA, BRITAIN, GERMANY ETC ALL HAVE INTERNET TECHNOLOGY READILY AVAILABLE FOR THEIR CITIZENS. HAS IT IMPACTED THEIR CULTURE NEGATIVELY?
EVEN BEFORE INTERNET, WE WERE SELLING/THROWING AWAY OUR CULTURE. WAT HAPPENS AT INDEPENDENCE MARCHES IN GH, 6 MARCH. DO WE EVEN POUR LIBATION ANYMORE?
WE PUT OUR KIDS IN THE BURNING SUN TO BLACKEN N FAINT. KIDS WE CANT EVEN GIVE FREE BASIC EDUCATION TO. WHILES, WE WALLOW IN THE ABJECTIVITY OF THE BIBLE N KORAN....
FYI: THE BIBLE/KORAN AT ONE POINT IN TIME. CAME TO BE REGARDED AS "TECHNOLOGY" TO HELP SHAPE THE MINDS AND ATTITUDES OF PPL. THIS WAS FOLLOWED BY NEWSPAPERS, RADIO, TV AND NOW THE INTERNET. GH, KETCHUP!
OBIBA-JUDAS 12 years ago

NDC (ROM.10.10)

NDC (ROM.10.10)
DAN 12 years ago

NOTHING MORE

NOTHING MORE
DAN 12 years ago

THE VICE PRESIDENT IS CALLING, TIME FOR YOU TO BE FUCKED IN ANUS AND HE WILL SPILL HIS LOAD A SECOND TIME ON YOUR TONQUE...YOU DIRTY FAGGOT/QUEER/GAYBOY

THE VICE PRESIDENT IS CALLING, TIME FOR YOU TO BE FUCKED IN ANUS AND HE WILL SPILL HIS LOAD A SECOND TIME ON YOUR TONQUE...YOU DIRTY FAGGOT/QUEER/GAYBOY
Pelicles 12 years ago

This sale was too ambiguous with the blessing of Mahama. Everything smell "fish" in the sense that all those in this transactions are top men and women in the ruling party. Ghana is indeed a failed nation because corruption ...
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This sale was too ambiguous with the blessing of Mahama. Everything smell "fish" in the sense that all those in this transactions are top men and women in the ruling party. Ghana is indeed a failed nation because corruption has the blessing of the Chief Executive officer of the nation. It is on record that The Ahwois are in the shadows of this deal. So is Tony Lithur and a host others.

Aban 12 years ago

Now NDC has become the first political party in the world that has a Bank. Congratulations, John Mahama, his brothers and NDC big wigs.

Now NDC has become the first political party in the world that has a Bank. Congratulations, John Mahama, his brothers and NDC big wigs.
GoatEater 12 years ago

This sale is a 'theft in broad daylight' saga forced upon the poor Ghanaian. Our leaders ought to be ashamed of what has happened. Pray that Mr Awuni's court challenge meets success, else the repercussions here will make the ...
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This sale is a 'theft in broad daylight' saga forced upon the poor Ghanaian. Our leaders ought to be ashamed of what has happened. Pray that Mr Awuni's court challenge meets success, else the repercussions here will make the numerous judgement debts appear miniscule. Why are Ghanaians remaining silent over such blatant ransacking of national resources ??? We must all be complicit in this fraud, or simply cowardly fools. GOD SAVE GHANA.
Nat 12 years ago

Posterity shall judge each and every individual involved in this transaction. Whether good or bad for the twenty-three million innocent Ghanaians who think that they have been short-changed by the presidency.

Posterity shall judge each and every individual involved in this transaction. Whether good or bad for the twenty-three million innocent Ghanaians who think that they have been short-changed by the presidency.
Zaga 12 years ago

If SSNIT is the majority share holder why should we sell to a South African company. I thought it was being sold to Ghanaian individual businessmen cheap. We should avoid selling state institutions to foreigners, what is wron ...
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If SSNIT is the majority share holder why should we sell to a South African company. I thought it was being sold to Ghanaian individual businessmen cheap. We should avoid selling state institutions to foreigners, what is wrong with this sale. NPP can make noise.
DAN 12 years ago

PLUS PENSION MONEY MUST BE MOVE TO BOG!

PLUS PENSION MONEY MUST BE MOVE TO BOG!
Divine Asempa 12 years ago

Ghanaians should just not do business with this fake bank and it will simply fail, period!

Ghanaians should just not do business with this fake bank and it will simply fail, period!
Nii Akwei 12 years ago

They are going to run this SUSU bank like the former Ghana Airways. This is why I do business with Barclays, and Stan Chart. I have trusted them for so many years.

They are going to run this SUSU bank like the former Ghana Airways. This is why I do business with Barclays, and Stan Chart. I have trusted them for so many years.
Mahama: ROBBERY, ROBBERY, ROBBERY 12 years ago

ROBBERY IN THE HIGHEST PLACE.

ROBBERY IN THE HIGHEST PLACE.
OHHH AMA GHANA!! 12 years ago

BEWARE OF THIS BANK....(Fortiz Private Equity Fund)

BEWARE OF THIS BANK....(Fortiz Private Equity Fund)
Eagle eye 12 years ago

ONLY NDC CITIZENS WILL SAVE IN THIS BANK AND NOT GHANAIANS

ONLY NDC CITIZENS WILL SAVE IN THIS BANK AND NOT GHANAIANS

ANANSE KWAKU 12 years ago

How can "paying" 90million cedis for a 90% stake in an entity be better than "paying" 199 for a 75% stake in the same entity? How were the assets of the Bank valued? What was (is) the fair value and how was it determined? How ...
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How can "paying" 90million cedis for a 90% stake in an entity be better than "paying" 199 for a 75% stake in the same entity? How were the assets of the Bank valued? What was (is) the fair value and how was it determined? How many (outstanding shares) does the bank have and what went into its pricing?
The sale of this bank has been very controversial. Therefore, let SSNIT and Fortiz make everything about the deal public. In fact, unless there is a mistake or an error in this news item, this story doesn't make any sense. Fortiz, Bank of Ghana and SSNIT owe Ghanaians and SSNIT contributors an explanation.
Sam Otu 12 years ago

Its ony in Kweku Ananse stories that 90 for 90% is better than 199 for 75% . God punish all those involved in this day light robbery.

Its ony in Kweku Ananse stories that 90 for 90% is better than 199 for 75% . God punish all those involved in this day light robbery.
Maame Koniaba 12 years ago

The South Africans will not assume ownership of the liabilities of the company. All they want is the assets, equity, and the ability to repatriate all profits to South Africa.
Fortiz, however assumes all responsibilities - ...
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The South Africans will not assume ownership of the liabilities of the company. All they want is the assets, equity, and the ability to repatriate all profits to South Africa.
Fortiz, however assumes all responsibilities - liabilities and all. Shares will be listed for sale on GSE. So all profits and benefits go to Ghanaians.
Maame Koniaba 12 years ago

If the South Africans had bought it, they will lay-off and pay the workers paltry severance; import staff from South Africa and give juicy perks whilst lording over the few Ghanaians they will engage in menial jobs, as well a ...
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If the South Africans had bought it, they will lay-off and pay the workers paltry severance; import staff from South Africa and give juicy perks whilst lording over the few Ghanaians they will engage in menial jobs, as well as repatriate all profits to South Africa. This will in effect will worsen the unemployment issue in the country.
The Ghanaian firm on the other hand will maintain the staff and float shares of the bank on the Ghana Stock Exchange for Ghanaians to buy. This will enable them own a piece of the bank per share bought.
ANANSE KWAKU 12 years ago

Ah Maame Koniaba, you've posted very insightful comments...looks like you have more information (and knowledge about acquisitions). The "South African Offer" was (is) confusing-taking over Assets and Equity but not the Liabil ...
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Ah Maame Koniaba, you've posted very insightful comments...looks like you have more information (and knowledge about acquisitions). The "South African Offer" was (is) confusing-taking over Assets and Equity but not the Liability-defies the basic (primary school) Accounting Equation. (Asset= Equity + Liability. So once the Assets are acquired,it automatically follows that Liabilities and Equity are also acquired (ie the Accounting Equation can also be interpreted as: Liabilities and Equity combine to make up Assets). So how could the South African Company says it wants to take over only the Assets and Equity? I just don't understand this kind of "deal". Or could part of the 199million be used to pay off the Liabilities, leaving something to pay 75% percent of the outstanding shares (Equity) and (thus) the Assets? Could you please tell me? (I wish there was a way I could get in touch)
Joe Turkey 12 years ago

Ghanaians should simply boycott this Bank.

Ghanaians should simply boycott this Bank.
DAN 12 years ago

REMOVE YOUR MONEY FROM BANK NOW BEFORE IT FAILS..IS YOUR MONEY INSURED THERE BY THE FDIC(FEDERAL DEPOSIT INSURANCE CORP) OR THE NCUA (NATIONAL CREDIT UNION ASSOC)? THE PULL IT OUT AND PUT IN BARCLAY OR STANDARD CHARTER

REMOVE YOUR MONEY FROM BANK NOW BEFORE IT FAILS..IS YOUR MONEY INSURED THERE BY THE FDIC(FEDERAL DEPOSIT INSURANCE CORP) OR THE NCUA (NATIONAL CREDIT UNION ASSOC)? THE PULL IT OUT AND PUT IN BARCLAY OR STANDARD CHARTER
YAA 12 years ago

HEY MAHAMA!!!! WHAT ARE DOING TO GHANA? GOD WILL ASK YOU AND YOU WILL PAY IT. THIEF

HEY MAHAMA!!!! WHAT ARE DOING TO GHANA? GOD WILL ASK YOU AND YOU WILL PAY IT. THIEF
Aden 12 years ago

Yebo Ghana donkomi

Yebo Ghana donkomi
BBC NEWS!!!!!!!!!! 12 years ago

Ndc = idiots.

Ndc = idiots.

NPPsupporter 12 years ago

The $50 Million dollar loan. How can one man take money for free and he is running around in a big house fancy cars and many real estate houses in Ghana and abroad. Please cease and sell the properties to pay the loan. This ...
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The $50 Million dollar loan. How can one man take money for free and he is running around in a big house fancy cars and many real estate houses in Ghana and abroad. Please cease and sell the properties to pay the loan. This is pure stealing.
Omanbapa 12 years ago

This is day light robbery. Ghana is dying slowly. Thieves.

This is day light robbery. Ghana is dying slowly. Thieves.
Nevada Boy 12 years ago

John Mahama and his Cohorts just Insulted Ghana and its people by throwing their comments into the garbage can and going forward with a deal that is so corrupt their actions make Mugabe look like a little school boy. This is ...
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John Mahama and his Cohorts just Insulted Ghana and its people by throwing their comments into the garbage can and going forward with a deal that is so corrupt their actions make Mugabe look like a little school boy. This is really sad and Ghana needs to be spanked for it.

Kenny
DICKSON 12 years ago

does JOHN MAHAMA HAVE ANY CONSCIENCE LEFT st all...............his brother helped collapse merchant bank......ide biii keke....

does JOHN MAHAMA HAVE ANY CONSCIENCE LEFT st all...............his brother helped collapse merchant bank......ide biii keke....
Obrefo 12 years ago

We all want to see the Comparative Analyses done by SSNIT. After all contributors are the owner of Merchant Bank but not SNNIT.

We all want to see the Comparative Analyses done by SSNIT. After all contributors are the owner of Merchant Bank but not SNNIT.
odasani bi 12 years ago

For real it does not make sense to me, so I suggest those who bought the bank should be made known to the pubic and I bet there will be some top government officials behind this.

For real it does not make sense to me, so I suggest those who bought the bank should be made known to the pubic and I bet there will be some top government officials behind this.
Ato 12 years ago

Ask ssnit, what did they do with the Tema paint division? what happened to it? and where ls it now. please do business and make profit with our money and stop bad deals.

Ask ssnit, what did they do with the Tema paint division? what happened to it? and where ls it now. please do business and make profit with our money and stop bad deals.
aziki 12 years ago

nonesense rand bank offer 199 Million for 75% and ur so called fortiz offered 90 Million for 90%,over to u Ghanaians,u see npp ,ndc are all corrupt bud but this particuler ndc is too corrupt i dont blame them i blame stupid A ...
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nonesense rand bank offer 199 Million for 75% and ur so called fortiz offered 90 Million for 90%,over to u Ghanaians,u see npp ,ndc are all corrupt bud but this particuler ndc is too corrupt i dont blame them i blame stupid Afari Gyan
kudi 12 years ago

Detailed comparative analysis my foot. Let us have the full disclosure of all relevant information comprising your so-called Detailed comparative analysis, Vested interest analysis, Cost benefit analysis in order to determine ...
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Detailed comparative analysis my foot. Let us have the full disclosure of all relevant information comprising your so-called Detailed comparative analysis, Vested interest analysis, Cost benefit analysis in order to determine the logicality or otherwise. In my considered opinion this is a sham and just a cloak.
IT. 12 years ago

Yvonne Ofosu Appiah, Is 90 greater than 119 in your profession? Eh Ghana! I think KG 1 school kids can do better than that. Our leaders are destroying this nation and plunging us all into an abyss. Is this how our SNNIT contr ...
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Yvonne Ofosu Appiah, Is 90 greater than 119 in your profession? Eh Ghana! I think KG 1 school kids can do better than that. Our leaders are destroying this nation and plunging us all into an abyss. Is this how our SNNIT contributions could be dashed on the altar of power?
RICE WATER 12 years ago

YOU PEOPLE ARE JOKING, WHAT DEAL IS SEALED? ONEDAY ONEDAY ALL STATE ENTERPRISES WHICH WERE DIVESTED WILL BE REACQUIRED BY A STATE OF EMERGENCY REOWNERSHIP POLICY AND LAW. SO GO ON SELL ALL YOU CAN AND DIE IN MISERY WITH ALL Y ...
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YOU PEOPLE ARE JOKING, WHAT DEAL IS SEALED? ONEDAY ONEDAY ALL STATE ENTERPRISES WHICH WERE DIVESTED WILL BE REACQUIRED BY A STATE OF EMERGENCY REOWNERSHIP POLICY AND LAW. SO GO ON SELL ALL YOU CAN AND DIE IN MISERY WITH ALL YOUR FAMILY MEMBERS. ALLAH IS WATCHING

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Fortiz: We offered a better deal than First Rand

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