Attacks on Hansol, Akonta Mines was unlawful - Court Declares

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JJ Rawlings 10 years ago

Nonsense, let the citizens drive this group out of their land.

Nonsense, let the citizens drive this group out of their land.
Konadu Agyemang 10 years ago

Crowd beating thief on the beach in Accra Ghana, West Africa. Jungle Justice Video

Crowd beating up a wallet thief on the beach in Ghana, West Africa. He did get more than he bargained for. Massive Jungle justice scene. He ...
read full comment

Crowd beating thief on the beach in Accra Ghana, West Africa. Jungle Justice Video

Crowd beating up a wallet thief on the beach in Ghana, West Africa. He did get more than he bargained for. Massive Jungle justice scene. He was saved from castration by some of the people .

Meanwile Tsatsu steals everything that comes his way and get away with it at all times.

Thanks to the Animal farms doctrines in the P/NDC.

"Blame Tsatsu for sale of GNPC Drill Ship"

- K.T. Hammond

A Deputy Minister of Energy under the New Patriotic Party’s (NPP) administration K.T. Hammond has stated that the sale of the Ghana National Petroleum Corporation (GNPC) Drill Ship was as a result of the “financial incompetence of Mr. Tsatsu Tsikata’s GNPC at the time.”

According to him, “the sale was to compromise a suit that had been taken against GNPC and the government of Ghana by a company called Societe Generale.”

His comments come in the wake of a press release issued by the Ministry of Energy & Petroleum, which revealed that the Drill Ship belonging to the Ghana National Petroleum Corporation was sold on the 17th of July, 2001 during the administration of the New Patriotic Party.

The then GNPC Chief Executive, Tsatsu Tsikata, entered into some derivative transactions in the 1990s between GNPC and Societe Generale in the early 1990s.

But in 1999 the Societe Generale sued GNPC in a London court to recover the debt owed it by the state-owned oil company resulting from the transaction.

On Wednesday, the Chief Executive of GNPC, Mr. Nana Boakye Asafo-Adjeye and the Chief Manager with the Banking Department of the Bank of Ghana, Mr. Paul Mensah-Ashun who were subpoenaed by the Sole Commissioner over the sale of the ship, could not produce the documents covering the transaction.

Responding to the press release from the Ministry of Energy & Petroleum, Hon. K.T. Hammond on Eyewitness News with Richard Dela Sky explained that “Mr Tsikata had involved himself and GNPC in some hedging transactions” which was unnecessary.

According to him, Mr Tsikata gambled with Societe Generale over a report that said Ghana had gas and oil on the shores of Tano South although “we did not have it and this led to a debt to the tune of $47 million.”

He revealed that in the process, the D511 was collateralised and when the matter came up in court, Societe Generale applied to the UK court for the ship to be detained.

Mr. K.T. Hammond disclosed that he therefore traveled to the UK to deal with the lawsuit adding that in the end it was agreed upon that the matter “could be compromised and settled out of court.”

“The good news is that in the course of the settlement ... in our case, for $47 million, we managed to settle it for $19.5 million,” he said.

Therefore in a bid to pay the settlement of $19.5 million, the ship that had been detained was sold at $24million which according to him “we (Ghanaians) got more than value for money.”

He confirmed that $19.5 million out of the $24million was paid to Societe Generale.

“I K.T. Hammond came to this country (Ghana) with a cheque for $3.5 million payable to the government of Ghana which was later presented to the Ministry of Finance to be paid into government consolidated fund as part of proceeds because about close to 1 million had to be used to settle the other indebtedness of this same GNPC,” he intimated.

http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=285684

He also expressed shock that officials from the Ministry of Energy claim the ministry does not have any documents to that effect adding that GNPC should have the documents.

“Richard I can’t believe that this file is not there at the Ministry of Energy,” he stated.

Mr. K.T. Hammond confirmed writing a letter to the Commission of Inquiry in order to appear before them in a bid to clear the air.

Meanwhile, the Head of Communications at the Ministry of Energy & Petroleum, Mr. Edward Bawa said the date that was given in the press release, was the only available information that the Ministry of Energy has based on the documents that were handed over to them.

In his explanation, the press release was to indicate to the general public that although there is an issue that is currently being investigated by the Commission of Inquiry, “the case occurred in 2001.”

“It is the responsibility of the Ministry of Energy to state clearly the time frame from which this transaction took place” he said.

He said: “if you look at the judgement that finally resulted in the amount of money government of Ghana needed to pay to Societe Generale as claimed by the press statement that was read by Hon. Kan Dapaah in 2001 that particular judgement, the Ministry of Energy has not cited it, GNPC has not cited it, the only clue we do know basically based on the date of sale of that particular state property was found in the press statement that was read by Hon. Kan Dapaah.”

He added that the press statement also indicated that “government had directed a Deputy Energy Minister to go to London and sell that particular ship and that the ship was sold on the 17th of July 2001.”

He further stated that their knowledge on the transaction based on the documents in their possession is to enable the commission conduct its investigations well.

Source: citifmonline.com

a.

http://www.youtube.com/watch?v=GYhM9WKK0gI

b.

http://www.youtube.com/watch?v=wb5IAEV_juM

c.

http://www.youtube.com/watch?v=tinCCLpa6-s

d.

http://www.youtube.com/watch?v=elz6Gw3sHQc

e.

http://www.youtube.com/watch?v=TncVmYVE3f0

"An African Election" Directed by Jarreth Merz-Cine Politics-11-26-20

In this edition of the show Russell reviews the film; An African Election, directed by Jarreth Merz.

The 2008 presidential elections in Ghana, West Africa, serve as a backdrop for this feature documentary that looks behind-the-scenes at the complex, political machinery of a third world democracy struggling to legitimize itself to its first world contemporaries.

At stake in this race are the fates of two political parties that will do almost anything to win. Director Jarreth Merz follows the key players for almost three months to provide an unprecedented insider's view of the political, economic and social forces at work in Ghana.

He builds suspense by taking the viewer down the back roads of the nation to capture each unexpected twist and turn in a contest that is always exciting and never predictable.

Throughout the film, Merz depicts the pride and humanity of the larger-than-life politicians, party operatives and citizens who battle for the soul of their country.

http://www.youtube.com/watch?v=kBcfOrUbqY8

g.

Anas's Presidential Assignment on ECG

h.

http://www.youtube.com/watch?v=tjhSA-LjusE

i

http://www.youtube.com/watch?v=QrdApbbEejc

j.

http://www.youtube.com/watch?v=TKLS3wOdBQE

k

Crowd beating thief on the beach in Accra Ghana, West Africa. Jungle Justice Video

Crowd beating up a wallet thief on the beach in Ghana, West Africa. He did get more than he bargained for. Massive Jungle justice scene. He was saved from castration by some of the people

http://www.youtube.com/watch?v=An_IHQWlnUA

l..

Africa's Freedom Fighters:

http://www.youtube.com/watch?v=fvFeq22xoAc

m.

Thieves get beaten and gets put on fire for stealing potatoes. Only in Africa.

http://www.youtube.com/watch?v=GYhM9WKK0gI
GTV-TV3 on WWW.OFMTV.COM 10 years ago

every show or NEWS LIVE FROM GHANA ON TV3,FIFA SPORTS, FIFA WORLD CUP,
TV AFRICA, GTV, ADOM TV AND OVER 7500 TV - RADIO
CHANNELS FREE ONLINE AT WWW.OFMTV.COM

every show or NEWS LIVE FROM GHANA ON TV3,FIFA SPORTS, FIFA WORLD CUP,
TV AFRICA, GTV, ADOM TV AND OVER 7500 TV - RADIO
CHANNELS FREE ONLINE AT WWW.OFMTV.COM
JJ Rawlings. 10 years ago

Crowd beating thief on the beach in Accra Ghana, West Africa. Jungle Justice Video

Crowd beating up a wallet thief on the beach in Ghana, West Africa. He did get more than he bargained for. Massive Jungle justice scene. He ...
read full comment

Crowd beating thief on the beach in Accra Ghana, West Africa. Jungle Justice Video

Crowd beating up a wallet thief on the beach in Ghana, West Africa. He did get more than he bargained for. Massive Jungle justice scene. He was saved from castration by some of the people .

Meanwile Tsatsu steals everything that comes his way and get away with it at all times.

Thanks to the Animal farms doctrines in the P/NDC.

"Blame Tsatsu for sale of GNPC Drill Ship"

- K.T. Hammond

A Deputy Minister of Energy under the New Patriotic Party’s (NPP) administration K.T. Hammond has stated that the sale of the Ghana National Petroleum Corporation (GNPC) Drill Ship was as a result of the “financial incompetence of Mr. Tsatsu Tsikata’s GNPC at the time.”

According to him, “the sale was to compromise a suit that had been taken against GNPC and the government of Ghana by a company called Societe Generale.”

His comments come in the wake of a press release issued by the Ministry of Energy & Petroleum, which revealed that the Drill Ship belonging to the Ghana National Petroleum Corporation was sold on the 17th of July, 2001 during the administration of the New Patriotic Party.

The then GNPC Chief Executive, Tsatsu Tsikata, entered into some derivative transactions in the 1990s between GNPC and Societe Generale in the early 1990s.

But in 1999 the Societe Generale sued GNPC in a London court to recover the debt owed it by the state-owned oil company resulting from the transaction.

On Wednesday, the Chief Executive of GNPC, Mr. Nana Boakye Asafo-Adjeye and the Chief Manager with the Banking Department of the Bank of Ghana, Mr. Paul Mensah-Ashun who were subpoenaed by the Sole Commissioner over the sale of the ship, could not produce the documents covering the transaction.

Responding to the press release from the Ministry of Energy & Petroleum, Hon. K.T. Hammond on Eyewitness News with Richard Dela Sky explained that “Mr Tsikata had involved himself and GNPC in some hedging transactions” which was unnecessary.

According to him, Mr Tsikata gambled with Societe Generale over a report that said Ghana had gas and oil on the shores of Tano South although “we did not have it and this led to a debt to the tune of $47 million.”

He revealed that in the process, the D511 was collateralised and when the matter came up in court, Societe Generale applied to the UK court for the ship to be detained.

Mr. K.T. Hammond disclosed that he therefore traveled to the UK to deal with the lawsuit adding that in the end it was agreed upon that the matter “could be compromised and settled out of court.”

“The good news is that in the course of the settlement ... in our case, for $47 million, we managed to settle it for $19.5 million,” he said.

Therefore in a bid to pay the settlement of $19.5 million, the ship that had been detained was sold at $24million which according to him “we (Ghanaians) got more than value for money.”

He confirmed that $19.5 million out of the $24million was paid to Societe Generale.

“I K.T. Hammond came to this country (Ghana) with a cheque for $3.5 million payable to the government of Ghana which was later presented to the Ministry of Finance to be paid into government consolidated fund as part of proceeds because about close to 1 million had to be used to settle the other indebtedness of this same GNPC,” he intimated.

http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=285684

He also expressed shock that officials from the Ministry of Energy claim the ministry does not have any documents to that effect adding that GNPC should have the documents.

“Richard I can’t believe that this file is not there at the Ministry of Energy,” he stated.

Mr. K.T. Hammond confirmed writing a letter to the Commission of Inquiry in order to appear before them in a bid to clear the air.

Meanwhile, the Head of Communications at the Ministry of Energy & Petroleum, Mr. Edward Bawa said the date that was given in the press release, was the only available information that the Ministry of Energy has based on the documents that were handed over to them.

In his explanation, the press release was to indicate to the general public that although there is an issue that is currently being investigated by the Commission of Inquiry, “the case occurred in 2001.”

“It is the responsibility of the Ministry of Energy to state clearly the time frame from which this transaction took place” he said.

He said: “if you look at the judgement that finally resulted in the amount of money government of Ghana needed to pay to Societe Generale as claimed by the press statement that was read by Hon. Kan Dapaah in 2001 that particular judgement, the Ministry of Energy has not cited it, GNPC has not cited it, the only clue we do know basically based on the date of sale of that particular state property was found in the press statement that was read by Hon. Kan Dapaah.”

He added that the press statement also indicated that “government had directed a Deputy Energy Minister to go to London and sell that particular ship and that the ship was sold on the 17th of July 2001.”

He further stated that their knowledge on the transaction based on the documents in their possession is to enable the commission conduct its investigations well.

Source: citifmonline.com

a.

http://www.youtube.com/watch?v=GYhM9WKK0gI

b.

http://www.youtube.com/watch?v=wb5IAEV_juM

c.

http://www.youtube.com/watch?v=tinCCLpa6-s

d.

http://www.youtube.com/watch?v=elz6Gw3sHQc

e.

http://www.youtube.com/watch?v=TncVmYVE3f0

"An African Election" Directed by Jarreth Merz-Cine Politics-11-26-20

In this edition of the show Russell reviews the film; An African Election, directed by Jarreth Merz.

The 2008 presidential elections in Ghana, West Africa, serve as a backdrop for this feature documentary that looks behind-the-scenes at the complex, political machinery of a third world democracy struggling to legitimize itself to its first world contemporaries.

At stake in this race are the fates of two political parties that will do almost anything to win. Director Jarreth Merz follows the key players for almost three months to provide an unprecedented insider's view of the political, economic and social forces at work in Ghana.

He builds suspense by taking the viewer down the back roads of the nation to capture each unexpected twist and turn in a contest that is always exciting and never predictable.

Throughout the film, Merz depicts the pride and humanity of the larger-than-life politicians, party operatives and citizens who battle for the soul of their country.

http://www.youtube.com/watch?v=kBcfOrUbqY8

g.

Anas's Presidential Assignment on ECG

h.

http://www.youtube.com/watch?v=tjhSA-LjusE

i

http://www.youtube.com/watch?v=QrdApbbEejc

j.

http://www.youtube.com/watch?v=TKLS3wOdBQE

k

Crowd beating thief on the beach in Accra Ghana, West Africa. Jungle Justice Video

Crowd beating up a wallet thief on the beach in Ghana, West Africa. He did get more than he bargained for. Massive Jungle justice scene. He was saved from castration by some of the people

http://www.youtube.com/watch?v=An_IHQWlnUA

l.

Africa's Freedom Fighters:

http://www.youtube.com/watch?v=fvFeq22xoAc

m.

Thieves get beaten and gets put on fire for stealing potatoes. Only in Africa.

http://www.youtube.com/watch?v=GYhM9WKK0gI
www.ghanatv.Weebly.Com 10 years ago

GhanaTV.Weebly.com Live Brings You Live TV stations From Ghana. GTV, TV3, GTV Sports+, Adom TV Live, Joy News TV Live, Metro TV Ghana, And More.

GhanaTV.Weebly.com Live Brings You Live TV stations From Ghana. GTV, TV3, GTV Sports+, Adom TV Live, Joy News TV Live, Metro TV Ghana, And More.
Nhyiraba-U.S.A 10 years ago

Come 2016, votes cast in the Ashanti Region will be more than the population of China. God bless Ghana.

Come 2016, votes cast in the Ashanti Region will be more than the population of China. God bless Ghana.
NDC: GHANA'S CHOICE 10 years ago

God is blessing Ghana right now!!! Thank you Jesus!!!

God is blessing Ghana right now!!! Thank you Jesus!!!
Kofi 10 years ago

The attack on Hansol was purely based on political grounds. I hope the courts grant a huge compensation in favour of the plaintiff. This government is yet to evolve from its lawless nature.

The attack on Hansol was purely based on political grounds. I hope the courts grant a huge compensation in favour of the plaintiff. This government is yet to evolve from its lawless nature.
Kofi Ahenkorah, USA 10 years ago

A good judge and a good decision. The state had no right to go in there and cause that mess. Mr judge in your next sitting, please give the state, Col. Larry Gbevlo Larrty The National Security Coordinator and his operatives ...
read full comment

A good judge and a good decision. The state had no right to go in there and cause that mess. Mr judge in your next sitting, please give the state, Col. Larry Gbevlo Larrty The National Security Coordinator and his operatives a heavy fine to serve as a deterrence for future occurrences.
C.Y. ANDY-K 10 years ago

Clearly, it appears the actions of the state operatives were unlawful and very capricious. Going on to rent the seized machinery to make money which no doubt would be entering private pockets is disgusting. These kinds of law ...
read full comment

Clearly, it appears the actions of the state operatives were unlawful and very capricious. Going on to rent the seized machinery to make money which no doubt would be entering private pockets is disgusting. These kinds of lawlessness in Ghana MUST be halted. They are just as criminal as the actions of armed robbers!

I congratulate the company for taking the case to court. They must not relent in their quest for justice.

Andy-K
VASCO 10 years ago

THAT'S ANOTHER STUPIDITY OF THE NATIONAL DESTROYERS' CONGRESS(NDC)

THAT'S ANOTHER STUPIDITY OF THE NATIONAL DESTROYERS' CONGRESS(NDC)
Apatupr3 10 years ago

And and not mount a vigorous defence of the state`s efforts to protect the environment. As is usually the practice, some obscure and inexperienced state attys will be assigned to this file who will mess this case up and allow ...
read full comment

And and not mount a vigorous defence of the state`s efforts to protect the environment. As is usually the practice, some obscure and inexperienced state attys will be assigned to this file who will mess this case up and allow some of these unscrupulous gold prospectors to walk away with obscene judgement awards.
I trust the Minister of Lands & Mineral Resources will take an active interest in this case to protect the gains the ministerial task force has chalked up thus far. We cannot allow the conditions symptomatic of the "wild west" in the US to return to the country!
ABUBAKAR SADIK 8 years ago

the gov't did not do well to hansol mines at-all. i think hansol mines needs to get it equipments back.

the gov't did not do well to hansol mines at-all. i think hansol mines needs to get it equipments back.

Attacks on Hansol, Akonta Mines was unlawful - Court Declares

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