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Zoomlion’s new 500 skip trucks to create “300 direct jobs and 1000 indirect jobs”

By
Daniel Opare
-

 

Executive Chairman of Zoomlion Ghana Limited, the leading waste management company in the country, Dr. Joseph Siaw Agyepong, has urged citizens and stakeholders to support and collaborate with waste management companies to combat waste and filth in the country to make it the cleanest in Africa.

Mr. Agyepong noted that combating filth and waste in the country was a responsibility of every citizen which needs to be observed but not to be ignored.
“Lets us all come on board and help in the campaigning against the improper ways of disposing refuse in the country,” he said.

He made the assertions during the handing over of sanitation equipment to the newly created Metropolitan, Municipal and District Assemblies (MMDA’s) to eradicate filth and waste at the district level.

Zoomlion handed over 500 new skip struck and 2000 tri-cycle with requisite number of containers for efficient and effective operations to the MMDAs.
Mr. Agyepong noted that handing over the sanitation equipment to MMDAs was in line with the President’s vision in making not only Accra the cleanest city but also create jobs and promote the private sector.

He stated that the distribution of the newly procured vehicles will also help in creating 300 direct and about 1,000 indirect jobs in the MMDAs.
 “This is part of our expanding strategy to meet the needs of our growing population and rapid urbanization,” Siaw Agyapong explained. 

Mr. Agyapong further revealed plans by the waste management company to dispense one million bins to households for effective waste collection.

“We think that giving dustbins to each household would go a long way to solving the waste problem. Alongside this, we are digitizing bins by placing RFID (Radio Frequency Identification) stickers on the dustbins to be able to ensure that bins are lifted every day. This will allow us to know where they are located so that those collecting the rubbish can easily identify or locate the bins. This innovation is in line with the government’s digitization efforts," he said 

“Our teams are working in partnership with the School of Nuclear and Allied Sciences to find culturally acceptable solutions for waste to energy systems,” he added.

Commending Zoomlion Company Limited, the Greater Accra Regional Minister, Ishmael Ashitey, said the distribution of the trucks to the assemblies “comes as a great relief to us charged with the responsibility of managing equipment in the various regions".

Ghana | Atinkaonline | Kennedy Obeng
 

Maame  Afia Akoto donates to Korle-Bu  maternity ward

By
Porcia Oforiwaa
-

 

Ahead of the 40th Birthday of Madam Alberta Afia Akoto, the Deputy Chief Executive of Microfinance and Small Loans Centre – Masloc, on Friday donated Items worth over GHs 40,000.00  to the Korle-Bu Maternity Ward.

She paid the bills for Forty (40) nursing mothers who were detained at the Korle-Bu maternity ward for their inability to pay their medical bills after they had given birth and also paid the bill for a 6-year-old who had a hole in his spine and needed surgery done.

Items included 40 hampers, each was made up of tins of lactogen milk, 40 sets of diapers and wipes for babies, cartons of lactogen milk and 48 sets of Pampers for abandoned babies.


Maame Afia Akoto is known for her philanthropic works as she always gives out to the needy.

On her 39th birthday, she celebrated it by showing love to the Borstal Institute inmates with items worth thousands of Ghana cedis.

Personalities who graced the event included NPP General Secretary, John Boadu, Father, Mr.Akoto, Deputy CEO MASLOC, Abibata Shanni Mahama Zakariah, writer Author Rev.Dr.Ralph Antwi and The General Manager for Angel TV, Sally Akua Amoakowaa Mensah.

 The rest are Prophet Selassie Adea of Apostolic Empowerment, Abidiva, her children and host of friends.

Ghana | Atinkaonline.com 
 

"I was introduced into homosexuality at age 9" – Gay Chorister confesses

By
Daniel Opare
-

A 21-year-old homosexual (name withheld) has alleged that he was introduced into homosexuality at the age of nine by a  person of the same sex whom he stayed in the same house with and has since indulged  in it.

Speaking to Pastor Martin Semordzie on Atinka FM’s “Obi Adi M’awu” programme on Thursday, he explained that although the  act is despicable, the urge to continue to  is always stronger.

He also revealed that not only does he practice homosexuality, he was also advised by some of his friends to masturbate whenever he feels like having an intercourse with a fellow male and the act has become a habit .

He further revealed that he has  only for once had an intercourse with a female but has had countless intercourse with fellow males.

“When I was in the boarding school in primary I met some guys who were also gays and I had quite a number of intercourse with them…the school authorities at a point found out and they expelled the guys and I was also taken out  from the school by my brother who was taking care of me” he confessed.

Touching on some of his homosexual acts, he said that there have been times that he had anal sex with his colleagues while they slept without their knowledge and notice, but he was on one occasion caught and beaten up by some of his colleagues.

“sometimes the urge to have “sex” with other guys become so strong that I pretend  sleeping beside my male friends and I end up having anal sex with them without their knowledge or being caught”.

Asked whether he is being manipulated by a demonic entity, he said he is completely unware of  that.

 He said he was an ardent Christian who is  part of his church’s choir and  even sometimes accompanies his pastor to preach on radio. However, he hasn’t mustered the courage to tell his pastor or any member of the Kumasi branch of the  Assemblies of God branch where he worships.

In view of how messy his life had become, he recounted that how he on countless occassion attempted  suicide but failed.

In that regard, he said he seeking  the assistance of Pastor Martin and his team of Pastors to help him completely abstain from homosexuality. In view of that  Pastor Martin and his team are taking him through some counselling session and teachings. 

  “Obi Adi M’awu” airs on Atinka 104.7  fm  every  Monday to Friday from 10:00 AM to 12:00 PM .

Ghana | Atinkaonline.com | Odel Boaheng

An admission of impunity: Ponkoh brays

By
Daniel Opare
-

By Prince Moses 

It is sad reading Yamoah Ponkoh’s statement about closing down Databank should the NDC come to power.  His statement only confirms the impunity that has become a hallmark of his party.

First of all, it is necessary to point out that Ghanaians have yet to exhibit any desire for a return of dumsor. Ghanaians are also not in a hurry to relive the various financial misappropriation scandals that Ponkoh’s party has been desperately trying to shake off. 

While the NPP has had no need to rebrand its image, Ponkoh should be reminded of Spio Garbrah’s recent appeal to shake off the NDC's image as THE corrupt party. Spio Garbrah is right, and Yamoah Ponkoh’s arguments only serve to prove Garbrah’s point. 

Not much ink should be wasted on this open admission about the impunity and disrespect for the law that have come to define the once ideologically ethical movement created by Jerry John Rawlings. 

Let’s clarify what Ponkoh is saying. Databank was highly successful decades before Ken Ofori-Atta became finance minister. Kwabena Duffuor’s UniBank, on the other hand, only became a real bank in 2009 after he became governor and finance minister. Find the error.

Ghanaians see through Ponkoh’s braying noise in his effort to drown out the results of the audits that finger Duffuor and UniBank's management of allegedly syphoning taxpayers’ and depositors’ money for personal gain. The banking mess, which Ken Ofori-Atta is burning the midnight oil to clean, was created by Ponkoh’s people. All the braying won’t remove that mess from the record. 

So, to openly admit that he and his party will act without recourse to the law proves a point. They have never cared about the law. That impunity runs deep, and Ponkoh’s braying only confirms what people already knew.

It is now time to clean up the system and make it work for Ghanaian taxpayers and bank depositors. 

Ghana | Atinkaonline.com

Schools want to pay research subjects to eat avocados

By
Daniel Opare
-

A team composed of researchers from four U.S. colleges is seeking subjects interested in being paid to eat avocados for six months.

Loma Linda University announced researchers from its School of Health are partnering with teams from Penn State University, Tufts University and the University of California, Los Angeles, to conduct a six-month study that will examine whether avocados promote weight loss.

Each school will gather 250 subjects and the participants will be split into two groups, one that consumes an avocado a day and another that eats two avocados per month.

Loma Linda University said interested applicants must be at least 25 years old, with male participants measuring at least 40 inches around the waist and female subjects measuring at least 35 inches across the waist.

Participants in both groups will each receive $300 at the end of the study.

upi

UBA grows gross earnings by 16%, delivers 17% return on average equity

By
Daniel Opare
-

Africa’s leading financial institution, United Bank for Africa Plc has announced its audited 2018 half year financial results, showing strong growth across key performance metrics as well as a significant contribution from its African subsidiaries.

Despite declining yield environment in two core markets, Nigeria and Ghana, the pan Africa financial institution delivered double digit growth in gross earnings, as it recorded a 16 percent year-on-year rise in top-line to N258 billion, compared to N223 billion recorded in the corresponding period of 2017. This performance, according to analysts, underscores the capacity of the Group to deliver strong performance through economic cycles, even in a challenging business environment.

According to the report filed to the Nigerian Stock Exchange on Wednesday, UBA, reported strong growth in operating income at N168.5 billion, compared to N161.8 billion in the first half of 2017, an increase of 4.1 percent. Notwithstanding the inflation-induced cost pressure in the period, UBA finished the first half of the year strongly, with a Profit Before Tax of N58.1 billion. The Profit After Tax also improved to N43.8 billion, a 3.4 percent growth compared to N42.3 billion achieved in the corresponding period of 2017. The first half of the year profit, translated to pre-tax and post-tax return on average equity of 23% and 17% respectively.

UBA’s foreign operations continue to grow in importance, contributing 40% of the Group’s profit, which according to analysts attests to the benefit of UBA’s Pan-African strategy and reinforces the Bank’s objective of achieving 50 percent earnings contribution from offshore subsidiaries.

In the first six months of the year, the Bank’s Total Assets grew 4.9% to N4.27 trillion and Customer Deposits rose by 6.1 percent to N2.90 trillion, compared to N2.73 trillion as at December 2017. This growth trajectory underlines UBA’s market share gain, as it increasingly wins customers through its re-engineered customer service and innovative digital offerings.  The Group’s Shareholders’ Funds remained strong at N496.3 billion, even as implementation of IFRS 9 impacted the total equity of the bank and its peers.

In line with its culture of paying both interim and final cash dividend, the Board of Directors of UBA Plc declared an interim dividend of N0.20 per share for every ordinary share of N0.50 each held on the qualification date – Wednesday, September 05, 2018.  

Commenting on the results, the Group Managing Director/CEO, United Bank for Africa Plc (UBA), Mr. Kennedy Uzoka said:  "Our performance in the first half the year reflects the resilience of our business model and strategies. Despite declining yields in two core markets, Nigeria and Ghana, we delivered double digit growth in gross earnings. Our performance demonstrates the success of our digital banking initiatives and broader Customer-First strategies”

“We are integrating banking to our customers’ lifestyle, simplifying processes for routine transactions and driving financial inclusion by making banking services accessible and affordable. We are creating opportunities for wealth creation and economic progress, as we empower our customers through innovative platforms and solutions that support their personal and business growth. Our commitment to delivering excellent service is paying-off, as we increasingly win a bigger share of customers’ wallet across our chosen markets. We won the highly coveted “Africa’s Best Digital Bank” Award by Euro money, demonstrating our pioneering initiatives are being recognised with Leo, our digital banker having been name checked by Mark Zuckerberg” Uzoka said.

“Our enhanced asset-liability management strategies improved asset yield and grew interest income by 21% despite prevailing yield environment. Our re-engineered sales structure provided the impetus for renewed retail deposit growth. I am particularly pleased by the 24% year-to-date growth in retail savings and current account deposits, underpinning the increasing penetration of our digital offerings and the Group’s overarching goal of democratizing banking across Africa. We improved net interest margin to 7.4%in line with our 2018 target, notwithstanding strong competition for wholesale deposits and the impact of rising global interest rates on our foreign currency funding,” he concluded

Also speaking on UBA’s financial performance and position, the Group CFO, Ugo Nwaghodoh said; “We finished the first half of the year in a stronger position and we are optimistic on the future of our business. Amidst economic recovery and uncertainties in Nigeria, our largest market, we grew net interest income and operating income by 9.6% and 4.1% respectively. We doubled revenue from trade services and grew e-banking income by 24%, a testament to our market share gain, which is driven by innovative offerings. Our foreign operations contributed 40% of Group’s profit, underlining the benefit of our Pan-African strategy.

“We sustained our asset quality, with cost of risk at 0.8%. Whilst the loan book declined by 6.5% due to prepayments from some customers in Nigeria and Ghana, we grew the overall balance sheet by 5% in the first half of the year. The Group’s capital adequacy ratio of 23%, Bank’s liquidity ratio of 48% and loan-to-deposit ratio of 57% all reinforce our capacity to grow, with ample headroom for risk asset creation,” Nwaghodoh said.

In recognition of UBA’s dominance in Africa’s digital banking space, UBA emerged the Best Institution in Digital Banking across Africa, courtesy of Euromoney. Earlier in the year, UBA launched Leo, an e-chat service using artificial intelligence to help customers execute transactions on Facebook, the first of its kind in Africa. The Bank is set to replicate the success of Leo on WhatsApp on September 1st, bringing convenience to its growing youthful customer base across Africa.

UBA is one of Africa’s leading banks with operations in 20 African countries. It also has presence in the global financial centres; London, New York and Paris.  UBA provides banking services to more than 15 million customers globally, through diverse channels.  

Ghana | Atinkaonline.com

Akufo-Addo lauds VW’s decision to set-up assembly plant in Ghana

By
Daniel Opare
-

The President of the Republic, Nana Addo Dankwa Akufo-Addo, has welcomed the decision by German car manufacturing giant, Volkswagen, to establish a vehicle assembly plant in Ghana.

According to the President, an agreement between Volkswagen, the Government of Ghana, and a local Ghanaian company for the assembly, and, ultimately, the production of automobiles in Ghana has been reached, after a business meeting between officials from Ghana and a German business delegation.

The President disclosed this at a joint press briefing held as part of the official visit of the German Chancellor, Angela Merkel to Ghana, on Thursday, August 30, 2018, at the Jubilee House in Accra.

Addressing the press, which comprised the local and international media, President Akufo-Addo said, “there are so many areas that our bilateral relationship has offered us, but the key part of it for me is the emphasis on investment and trade corporation.”  

He emphasized Ghana’s “determination to deal with the matters confronting our country such as youth employment, the desire of our youth to seek greener pastures elsewhere by improving the management of our national economy.”

President Akufo-Addo stressed that “The stronger the economy we have, the more opportunities it gives to the young people and obviously the pressure that will be on them to embark on those hazardous undertakings will be dealt with”.

He told the press that, “in so doing we’ve set for ourselves a vision of a Ghana Beyond Aid, a Ghana which will depend more and more on mobilizing its own internal resources to confront the issues of development that there are before us.”

In all of this, President Akufo-Addo indicated that “there are a lot of opportunities here, and we are hoping that this business delegation that you have brought with you will see the opportunities that there are in several of the flagship programmes of our government, the One-District-One-Factory, the industrial parks that we are determined to create.”

President Akufo-Addo also assured Chancellor Merkel of Ghana’s continued corporation with the international community on issues bothering illegal migration.

On the threat of terrorism, President Akufo-Addo thanked Chancellor Merkel and Germany for the assistance towards fighting this threat and the jihadist menace.

“Within our modest means, we will continue to play our effective role, because clearly it is in our interest to do so. It is in our interest to contribute to ridding the region of these instruments of destabilization and destruction,” he assured.

Ghana | Atinkaonline.com 

MTN Ghana successfully completes its Initial Public Offer (IPO)

By
Daniel Opare
-

 

Scancom Plc (“MTN Ghana”) announces the successful completion of its Initial Public Offer (the “Offer” or the "IPO").

This Transaction serves as the centerpiece of MTN Ghana’s localization effort and demonstrates its long term commitment to Ghana. By raising GHS 1,146,589,464.75 from 128,152 applicants the Offer makes history as the largest primary share offer in the history of the Ghana Stock Exchange and enables many Ghanaians from all walks of life to own a share in one of Ghana’s largest, most visible and well respected companies.

The Offer period ran from 29 May 2018 to 31 July 2018 with investor demand exceeding the minimum (GHS 347,804,590) required to be raised for the Offer to be declared successful.

The Offer consisted of: a) a public offer of up to 4,637,394,533 ordinary shares of MTN Ghana valued at GHS 3,478,045,900 at an Offer Price of GHS 0.75 per share (the “Offer Shares”), representing up to 35% of the issued shares of MTN Ghana after the offer, to Qualifying Applicants (as defined in the Prospectus); and

b) a listing of all the Offer Shares and the already issued 10,760,000,000 ordinary shares of MTN Ghana (the “Existing Shares”) (the Offer Shares and the Existing Shares, together, the “MTN Ghana Shares”) on the GSE (the “Listing”),

(The Offer and the Listing, together, the “Transaction”).

IC Securities (Ghana) Limited (“IC Securities”) acted as Financial Adviser and Sponsoring Broker to MTN Ghana in respect of the Transaction.

The Offer raised GHS 1,146,589,464.75, representing 32.97% of the total offer amount.

108,434 applicants subscribed through the MTN Mobile Money portal representing 84.6% of the number of applicants.

MTN Ghana is satisfied that:

· of the 128,152 applicants, 127,826 were Ghanaians; and

· of the GHS 1,146,589,464.75 raised under the Offer, GHS 443,631,446.25, representing 38.69%, was raised from Ghanaians.

All successful applicants will be allotted all the shares they applied for. Applicants with Central Securities Depository (“CSD”) accounts will have their CSD accounts credited with their allotment by 04 September, 2018 by 5:00pm.

IC Securities will create CSD accounts for successful applicants who did not provide details of their CSD accounts as part of their application, and their respective allotments will be credited to the respective CSD account created for them.

A number of applicants who applied for shares have received notifications to update their identification documentation (“IDs”). Applicants who have received such notifications should visit any MTN Ghana Service Centre with updated IDs as a matter of urgency.

As a result of KYC considerations these applicants will have to update their IDs in order to be able to trade their shares from the first day of trading.

Per the Offer prospectus, an appropriate ID is a valid national passport; a driver’s license; a national ID; a national health insurance ID or a voter’s ID. Until applicants have updated their information and ID cards, their shares will be held in a nominee account at the CSD.

After the applicants have updated their IDs, their shares will be transferred from the nominee account to their account.

The first day of trading of the MTN Ghana shares is expected to be 05 September 2018. Shareholders will be able to monitor and trade their MTN Ghana shares by contacting a licensed dealing member of the Ghana Stock Exchange.

Ghana | Atinkaonline.com

Crossrail delay: New London line will open in 'Autumn 2019'

By
Daniel Opare
-

London’s new Crossrail underground line is to open in autumn 2019 – nine months after its scheduled launch.

Transport for London (TfL) said more time is needed "to ensure a safe and reliable railway for customers from day one of passenger service".

The project is running almost £600m over budget with extra funding required to complete the work, it was announced last month.

The route, to be known as the Elizabeth Line, had been due to open in December.

BBC

Apinto Divisional Council launches Amankuma Festival

By
Porcia Oforiwaa
-

 

The Apinto Divisional Council in the Western Region on Monday launched the 2018 edition of the Amankuma Festival.

The week-long programme will be celebrated from 10th to 16th of December this year and it is on the theme: " The Ban on Small Scale Mining: Our Socio-Economic Heritage and the Way Forward".

The launch was held at Tarkwa in the Tarkwa-Nsuaem Municipality of the Western Region.

Festivals and durbars in Ghana are very colorful and vibrant part of the culture, and these are held in various parts of the country every year to celebrate the heritage and culture of the people.

The celebration of Festivals are also very important historically, and it has a greater impact on a country's socio-economic development.
The people of Wassa in the Apinto Divisional Council cannot be left out when it comes to the celebration of festivals in Ghana.

Apinto Divisional Council celebrates Amankuma Festival which has historical background dating back to the 17th century.

History has it that, the people of Apinto from Awudua Dada (Old Awudua) had a crocodile god living together with them.

The crocodile, according to history paid regular visits to the people and whenever they were faced with challenges, the reptile would provide them with support by vomiting gold for them.

The Gyasehene of Apinto Divisional Council, Nana Dr. Adarkwa Bediako II gave the historical background of Apinto land.

The Tufuhene of Apinto Divisional Council Nana Adupanyin who touched on the significance of the theme called on the government to lift the ban on small-scale mining to alleviate the suffering of their people.

The Chief Executive Officer of KAD Communications and Media Consultancy, Mr. Albert Kwabena Dwumfour outlined activities to mark the celebration of this year's Amankuma Festival.

He said the activities include a press conference in Accra, Symposium, durbar, clean-up exercise, health walk and screening, quiz, Miss Apinto beauty pageant, jamboree amongst other activities.


Ghana: Atinkaonline | Atinkaonline.com
 

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