Fortiz should produce records of their ‘susu’ collection abilities

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Victor A. Young 11 years ago

Yeah! Bro. Sammy Awuku, you've made a great point. Fortiz should open their "Susu" books for auditing. They've been used by the NDC as a cover-up to deceive Ghanaians in that dubious sale of Merchants Bank. Where is the accou ...
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Yeah! Bro. Sammy Awuku, you've made a great point. Fortiz should open their "Susu" books for auditing. They've been used by the NDC as a cover-up to deceive Ghanaians in that dubious sale of Merchants Bank. Where is the account total of Pensioner's retirement invest that's been accrued since Merchants Bank started dealing with their monies? John Mahama and his NDC team think they're clever. They'll deny everything that'll be brought to public attention one-by-one. They ain't seen nothing yet!
MR OBJECTIVE 11 years ago

Next time "boys' abere"SAMMY,address TONY LUTOR fortiz AS "for-thieves".

Next time "boys' abere"SAMMY,address TONY LUTOR fortiz AS "for-thieves".
PRINCE KWASI ADADE 11 years ago

AUTHOR : SULE******
.............It seems the NDC gov't is running against time to send Ghana into the pits and it is extremely worrying, very, very worrying that, such a magnitude of ineptness, incompetence, recklessness a ...
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AUTHOR : SULE******
.............It seems the NDC gov't is running against time to send Ghana into the pits and it is extremely worrying, very, very worrying that, such a magnitude of ineptness, incompetence, recklessness and corruption can be brought to bear on our governance structures in such a crass manner. This Fortiz/Merchant bank deal deal from all indications is putrid, it stinks to the high heavens and nothing can justify such an atrocious deal, when Ghanaian taxpayers, from all indications are not getting any VALUE FOR MONEY in this stinking deal. Omane Boamah, MD should seek to explain why an equity firm which cannot even boast of the asset base to even acquire a non-financial banking license, should be made to take on this onerous task of not even a merger, but a full complete acquisition of Merchant bank, when Ghanaian taxpayers, have been offered far, far better VALUE FOR MONEY propositions from identifiable bodies with a portfolio of assets eclipsing over 100 billion dollars? It is indeed mindboggling the level of impunity and recklessness which has been unleashed on the affairs on governance by this NDC gov't. Ghana indeed deserves better than this recklessness which is permeating all facets of governance in this country. It's awfully pathetic.
Kwame 11 years ago

Sammy Awuku or what ever, what experience did Chief Kufuor have in Hotel management before he bought Hotel Kufuor when his Dad became president?
Show some level of good reasoning when talking. May be he was talking to only N ...
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Sammy Awuku or what ever, what experience did Chief Kufuor have in Hotel management before he bought Hotel Kufuor when his Dad became president?
Show some level of good reasoning when talking. May be he was talking to only NPP guys who have difficulty in discerning right from wrong.
JC 11 years ago

FORTIZ OR FORTHIEVES?

FORTIZ OR FORTHIEVES?
SAKARA 11 years ago

BOSS TARZAN OK?

BOSS TARZAN OK?
the truth 11 years ago

when rawlings was chastising mills all along the npp saw nothing wrong with they never at a particular time advise rawlings to behave like a statesman now that he has turned the heat on kuffour they now complain npp who are ...
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when rawlings was chastising mills all along the npp saw nothing wrong with they never at a particular time advise rawlings to behave like a statesman now that he has turned the heat on kuffour they now complain npp who are you fooling we know you from time immemorial
KING 11 years ago

NDC THIEVES CAME TOGETHER TO BUY THE BANK. ONE DAY WE SHALL COLLECT IT BACK.

NDC THIEVES CAME TOGETHER TO BUY THE BANK. ONE DAY WE SHALL COLLECT IT BACK.
DWAIN AKAKPOE 11 years ago

Ghanaians are quick to accept things at their face values. They do not delve into the backgounds to check for validity, fraud or suitability.
Kufuor appointed some shady deputy ambassadors to India who forged documents and c ...
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Ghanaians are quick to accept things at their face values. They do not delve into the backgounds to check for validity, fraud or suitability.
Kufuor appointed some shady deputy ambassadors to India who forged documents and cheated Ghana government of millions of dollars in rice deal. The Indian press honed in but relaxed with expectation that Ghana Government would tackle the issue since such crime, committed on their soil was perpetrated by diplomats. Investigation revealed that such deputy ambassadors involved were also British citizens.
Had Kufuor checked with due diligence Ghana would have been saved millions of dollars stolen from them by these thieves.
Unfortunately they roam about the country riding in the most expensive cars and living in luxury, seeking more prey. Where is the BNI ? Where is the law ? Where is leadership ? Rawlings is right ...absolutely right because it is rotten from President to President. None is working good for the country. They see things but turn heads aside. Kufuor, Mills, Mahama - all duka daya ! The same rotten leaders.
New Sheriff in Town 11 years ago

This rice issue went to court in Ghana after all the wild allegations. The rice arrived in Ghana only to be holed up in a warehouse by the NDC 2009. They charged the former MD of the NIB Mr. Gyimah for "causing financial loss ...
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This rice issue went to court in Ghana after all the wild allegations. The rice arrived in Ghana only to be holed up in a warehouse by the NDC 2009. They charged the former MD of the NIB Mr. Gyimah for "causing financial loss" to the state. The truth came out in court and the guy was discharged on those charges. I guess you are referring to another rice " deal" by Kufuor's "deputy ambassadors" in India

Albert 11 years ago

You have a point. But I believe your thought is just like American Embassy asking one to have ever travelled out somewhere b/4 granting you a visa to travel to their country.

You have a point. But I believe your thought is just like American Embassy asking one to have ever travelled out somewhere b/4 granting you a visa to travel to their country.
Kwesi 11 years ago

Whatever the issues are at least let's show some sense of knowledge. The exhibition of ignorance is becoming too much. Fortiz is an investor just like many other shareholders in any bank or company and not a bank manager. The ...
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Whatever the issues are at least let's show some sense of knowledge. The exhibition of ignorance is becoming too much. Fortiz is an investor just like many other shareholders in any bank or company and not a bank manager. The bank will appoint competent managers to do the work. In any case Mrs Selormey (nee Lokko) who is Chairman of the Fortiz Board is perhaps the first woman chartered accountant in Ghana with a distinguished career behind her. She was President of the Institute of Chartered Accountants of Ghana and recently Board Chair of the Audit Service. She knows much more about money than any of the riff-raffs shouting over the roof tops. Go to any Regimanuel Estates and see what Mr Botchway has achieved as a business man. let's by all means criticize the process if we think so but not the people. By the way where were all these people when Ghana Telecom was sold for 999 years to Vodafone in spite of a better offer from Telkom South Africa. What happened to the $5,000 each alleged to be received by NPP MPs then. The allegation came from an insider and it has not been denied.
Jerry John Raw 11 years ago

Kwesi is right. Buying and running business is about having money to buy and hire the best management and workers. The investors in 99% of the banks in the world have absolutely nothing to do with banking. Please shut the fuc ...
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Kwesi is right. Buying and running business is about having money to buy and hire the best management and workers. The investors in 99% of the banks in the world have absolutely nothing to do with banking. Please shut the fuck up. We need more Ghanaian owned banks, leave our businesses out of your dirty politics
yag 11 years ago

Kwesi you are perfectly right and hit Pilate's nail on the spot.

Kwesi you are perfectly right and hit Pilate's nail on the spot.
AKRANTEABA 11 years ago

npp s are loudmouths.they will do worse when they are lucky to return to power.THE VODAFONE SAGA.

npp s are loudmouths.they will do worse when they are lucky to return to power.THE VODAFONE SAGA.
New Sheriff in Town 11 years ago

After Appiah Ofori said he "heard about some $5000" who came out to confirm that accusation? It's just like Victoria Hammah "hearing" about Oye Lithur "going to see some of Supreme Court judges and all that" a day before the ...
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After Appiah Ofori said he "heard about some $5000" who came out to confirm that accusation? It's just like Victoria Hammah "hearing" about Oye Lithur "going to see some of Supreme Court judges and all that" a day before the ruling on the election petition. Appiah Ofori was given the opportunity to substantiate his allegation. He mentioned hearing it from an NDC member, Doe Adjaho. Doe Adjaho also said he heard it. Victoria Hammah was given a platform to either deny or tell Ghanaians where she heard Oye Lithur went to see the judges. She ran away into hiding. The NDC handed GT and the Ghana Films to the Malaysians for peanuts. The NPP took GT back from the Malaysians and brought in Telenor of Norway. Kufuor resuscitated GT and sold it to Vodafone. He did not get his lawyer and NPP party members to form a "local" company like ForThieves to sell GT to. Where did the 7 month old Fortiz get the GHC90 million from to buy Merbank? How can we criticize the process and not the people involved? Who is making the process fraudulent? It is just like you saying we must condemn stealing and not those who are stealing? Nobody has questioned the competence of any of the managers or board members they purport to have appointed. What people are against is the way the bank was apparently doled out to Tony Lithur and other friends of Mahama and the NDC
Ghanababa! 11 years ago

Yesteryears thinker trying to rule mother Ghana? I am very disapointed!Today economic world, the most successful companies did not walk the Kanashie street! They saw it as laggards thinking! they jumped to growth from day one ...
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Yesteryears thinker trying to rule mother Ghana? I am very disapointed!Today economic world, the most successful companies did not walk the Kanashie street! They saw it as laggards thinking! they jumped to growth from day one! Why should Fortiz collect susu before they can be trusted?
That is why he is leading terrorist group of illitrates! Get your shoe shine boys to think differently or sorry, youare just another tyrant!
Eric 11 years ago

He fronts for ATO Ahwoi and Kwame Peprah at First Bank and have done terrible things on the economy.

He fronts for ATO Ahwoi and Kwame Peprah at First Bank and have done terrible things on the economy.
chris 11 years ago

Hello Guys there,it is not always important to have detailed knowledge about investment before you take a decision.That is why we have experts in every field.I am not a capenter,but I can invest in that field if I would be ab ...
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Hello Guys there,it is not always important to have detailed knowledge about investment before you take a decision.That is why we have experts in every field.I am not a capenter,but I can invest in that field if I would be able to recruit the best brains for the job management.I believe FORTIZ will not engage susu collectors to run the bank.
New Sheriff in Town 11 years ago

What Awuku is alluding to is a Bank of Ghana Regulation that sets standards for entities to go into the banking business. You cannot just go and buy a bank to run - either by yourself or by hiring the best brains in the busin ...
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What Awuku is alluding to is a Bank of Ghana Regulation that sets standards for entities to go into the banking business. You cannot just go and buy a bank to run - either by yourself or by hiring the best brains in the business. Remember the group Fortiz (For Thieves) was formed barely three months before they went into arrangements with SSNIT to takeover the 90% of the people's investment in Merbank. The source of founding is another question that needs to be answered. Mawuli Hedo is part of the First Bank that SSNIT has trusted moneys for pensioners as managers instead of returning that money to the contributing entities for investment on behalf of the SSNIT contributors as the law requires. The First Bank with Mauli Hedo as manager is sitting on these moneys. Now there is that allegation that it is the same money belonging to SSNIT contributors that the group Fortiz is using to buy the 90% shres of Merbank belong to the same SSNIT contributors. The liquid base of Fortiz at its inception seven months ago was said to be about GHC 5 million. Where did they get the GHC90 million from? Let i=us all know where they got the money from. Who are the owners of the First Bank? Why has the SSNIT left the people's money with the First bank without any interests accruing to the SSNIT contributors whilst the law requires that money to be returned into investment by the contributing entities? Fortiz will definitely not engage susu collectors to run the bank but surely the SSNIT contributors have been short changed with the 90% for GHC 90 million when an offer for 70% for GHC 220 million ($110 million for 70%) was rejected because the Rand Bank was eager to have Merbank collect 100% of all debts including Ibrahim Mahama's $38 million that his brother is now asking the "sold" Merchant Bank to collect

NANA AMANFO 11 years ago

Eiiii!!!!wat our forth fathers toiled and build for us re on sales? What a country re we living in..

Eiiii!!!!wat our forth fathers toiled and build for us re on sales? What a country re we living in..
kwasi 11 years ago

I am not a supporter of NPP but this time around i ll strongly support them to for this fight. in fact the NDC is taking this country to hell. If mahama wins the next elections, Ghanaians should be prepared to be in hell fire ...
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I am not a supporter of NPP but this time around i ll strongly support them to for this fight. in fact the NDC is taking this country to hell. If mahama wins the next elections, Ghanaians should be prepared to be in hell fire because what we are going through now is so unbearable.
Adwoa 11 years ago

Forthieves Investment. That is the right name. If you are not a thief you will not invest with them.

Forthieves Investment. That is the right name. If you are not a thief you will not invest with them.
Obournana 11 years ago

I always say NPP and their leaders behave like jokers. Do financial institution run susu before they become competent? Have Sam A wuku heared of susu in any financial terminology? What is wrong with these jokers. When NPP sol ...
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I always say NPP and their leaders behave like jokers. Do financial institution run susu before they become competent? Have Sam A wuku heared of susu in any financial terminology? What is wrong with these jokers. When NPP sold Ghana Telecom to Vodafon, we were made to believe that the land lines would be upgraded but now all are gone. If you have money you can open anything you want by just employing good managers. Most contractors are not Engineers but by their monies they employ experts to foresee all activities in their construction. Sam Awuku should grow up. SUSU collection is not a benchmark in banking sector.
New Sheriff in Town 11 years ago

Awuku only said the Fortiz group do not have any experience in banking, not even in susu collection. If you did not know that Susu Collection is a kind of Financial Institution - indeed, it is banking in a sense. You should r ...
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Awuku only said the Fortiz group do not have any experience in banking, not even in susu collection. If you did not know that Susu Collection is a kind of Financial Institution - indeed, it is banking in a sense. You should rather educate yourself if you believe you are a grown up
NII LARTEY NARTEY 11 years ago

I can't bring myself to belief a government of Ghana will spring up one day to openly give support for a criminal take over as being exhibited by the criminally corrupt Mahama led NDC.

How can an entity formed just last Ju ...
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I can't bring myself to belief a government of Ghana will spring up one day to openly give support for a criminal take over as being exhibited by the criminally corrupt Mahama led NDC.

How can an entity formed just last June without any credible financial track history be seen as a competent financial company to take over a whole Merchant Bank of Ghana with the interest of our pensioners at stake?

No wonder crime is said to be officially recognized institution in Ghana.

That is a day light robbery of the nation and must stop at all cost. Period!
kusi 11 years ago

hey u are doing this for re election forget it u time is over

hey u are doing this for re election forget it u time is over
jerome 11 years ago

you are a disgrace

you are a disgrace
UGINO 11 years ago

is this the Ghana that kwame Nkrumah and co fought for? we are all watching. posterity will surely judge us

is this the Ghana that kwame Nkrumah and co fought for? we are all watching. posterity will surely judge us
OKOE 11 years ago

THE TAKEOVER OR PURCHASE OF MERCHANT BANK BY FORTIZ FINANCIAL IS A MIRACLE. IT IS PURE HOUDINI ACT. HOW WOULD A COMPANY FORMED IN SEVEN MONTHS TAKE OVER MERCHANK BANK. WONDERS WILL NEVER END. IT IS EXTRAORDINAY TO THE SENSES.

THE TAKEOVER OR PURCHASE OF MERCHANT BANK BY FORTIZ FINANCIAL IS A MIRACLE. IT IS PURE HOUDINI ACT. HOW WOULD A COMPANY FORMED IN SEVEN MONTHS TAKE OVER MERCHANK BANK. WONDERS WILL NEVER END. IT IS EXTRAORDINAY TO THE SENSES.

ABU ZAKARI 11 years ago

GHANA FAST BECOMING A SHAMEFUL BANANA REPUBLIC

GHANA FAST BECOMING A SHAMEFUL BANANA REPUBLIC

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Fortiz should produce records of their ‘susu’ collection abilities

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