Why NPP fears Fortiz take-over of Merchant Bank

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ICT Publication 10 years ago

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For copies; Call: 0242042375 or 0541373441 or Contact Planet Bookshop @ OKESS Junction, Kumasi
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NANA 10 years ago

NPP WANTED TO COME TO POWER AND SELL IT BY THEMSELVES

NPP WANTED TO COME TO POWER AND SELL IT BY THEMSELVES
www.owafk-africa.com 10 years ago

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ATSU, HO 10 years ago

LETS BE SINCERE WITH OURSELVES TO DEVELOP THE NATION. WHERE IS THE TRUTH IN ALL THESE?

LETS BE SINCERE WITH OURSELVES TO DEVELOP THE NATION. WHERE IS THE TRUTH IN ALL THESE?
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OLD SOLDIER 10 years ago

Author: OYOKOBA...

The truth must be told, anokware John Mahama cannot do the job.

This guy came to the job offering no real vision for the nation, instead he only served up absolute nonsense - Ede be keke - which for ...
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Author: OYOKOBA...

The truth must be told, anokware John Mahama cannot do the job.

This guy came to the job offering no real vision for the nation, instead he only served up absolute nonsense - Ede be keke - which for some, loosely translates into just existing at the wheels, not knowing which direction to go. To add insult to injury, he is telling us that, like a car, he is only in the first gear in a four-year term, so we can expect to see a fourth gear only in the fourth year. To hear that allegory from a guy and a president who had been a vice-president for the previous four years, and claims that because of the ill-health of Atta Mess, he John Mahama was really the one in charge behind the scenes, then we have reasons to conclude nothing good or extraordinary can be expected that is different from what we have seen from the last four years. The value is going to be the same, and corruption is going to consume all of us under Mahama. Our people tell us, 'Edwa beso'a efiri anopa', to wit, one can gauge the prospects of a good market day from the signs the morning activities project. Right now the country is sinking fast from all reliable indicators. In the last four years, the cedi has depreciated a whole 100 percent under Mahama and Atta Mess. What other assurances are we waiting for? To be hit on the head with bricks?

Look, John Mahama is not cut for prime time, he does not know how, and all his protestations are excuses to cover incompetence and corruption in high places, of which him and his party are direct beneficiaries. What the fuck is Ede be keke? Nonsense!
SGT ANANI FIADZOE 10 years ago

You are just an enemy to our national security and it's progress who does not think of the Ghanaian People our nation and our democratical institutions. Why are you like that,
so are you comfortable the way our nation is go ...
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You are just an enemy to our national security and it's progress who does not think of the Ghanaian People our nation and our democratical institutions. Why are you like that,
so are you comfortable the way our nation is going and it's present corruption, thievery, incompetency, attitude?

Can you read between lines or it is
just because you are just a blind
supporter of a particular group of monkeys, you do not want to know what
is going on in our country, "just follow, follow" or is it because you
also a thief, you can now use NDC membership Cards to embark your diabolical activities and get away with it hence something wrong is going
on in our country and is not good you
just cherish it?

Look at the history of NDC, where is
GIHOC (the Nsawam Factory), Black Star Line Ltd., Ghana Airways, Volta Cornedbeef Factory in the North, State
Cattle ranch, Aboso Glass FActory,
Bonsanso Rubber factory and Cotton
development Board in the North? Oh!
silly cow, please better fuck off as
you do not think of our nation's well
being but encourage how a crook politician can rob the Tax Payers for
their own selfish interest, that is what you want to see, and that is not
the civilized citizenry of our nation
are fighting to to resist. Kwasea!
Abongo 10 years ago

You are an idiot. Who is worst than NPP. The latest news The Drill Ship Saga kwasia

You are an idiot. Who is worst than NPP. The latest news The Drill Ship Saga kwasia
SGT ANANI FIADZOE 10 years ago

Idiot, where are the fleet of ships
which were in operation, which gave Ghana a credible respect for having
the most powerful Sea way inviromental
passage in the whole Africa when NDC
came into Government to meet?

Thes ...
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Idiot, where are the fleet of ships
which were in operation, which gave Ghana a credible respect for having
the most powerful Sea way inviromental
passage in the whole Africa when NDC
came into Government to meet?

These were Oti River, Afram River,
Pra River, Ankobra River, Volta River,
Birim River 6 ships in total, today
we can challenge NDC to show where one of these particular ships is?

Talking about drill ships, do you know
the reason why Tsikata was sent to prison, Swine don't you know it was
because of Tsikata who was using that
drill ship as trotro at the expence
of the State incured debts on the State that made the sale of that ship brought about as a result Tsikata has
to be sent to prison for causing the financial loss to the state?

What ever position an NDC monkey is
placed to work, he or she tries to rob
the people of this nation for their own selfish interest. President Kuffour should have left that monkey to rot at Nsawam Prison cells.
NANA 10 years ago

NDC JUST TOO THEIR CHOP FROM THE MOUTH

NDC JUST TOO THEIR CHOP FROM THE MOUTH
Ningo 10 years ago

Hmmmmmm. Everthing is politrics in Ghana.

Hmmmmmm. Everthing is politrics in Ghana.
OLIVER TWIST 10 years ago

The single largest debtor to Merchant Bank by far is E&P. This whole politicization of a business transaction is needless as it is useless.

Merchant Bank is run on funds from poor Ghanaian workers who religiously pay into ...
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The single largest debtor to Merchant Bank by far is E&P. This whole politicization of a business transaction is needless as it is useless.

Merchant Bank is run on funds from poor Ghanaian workers who religiously pay into the SSNIT pension fund. It is sacrilegious for them to loan out huge sums of monies to cronies and fail to collect on them.

The whole Fortiz deal and the rush with which it's being fast-tracked stinks to the high-heavens, no matter how you slice and dice it.

Merchant Bank as it stands right now needs to be given complete autonomy and allowed to collect on all outstanding debts, within a few months it will spring back to excellent financial health.

It is a viable business entity, there is no need for it to be sold. That is the whole crux of the matter.
G. K. Berko 10 years ago

Merchant Bank may still be viable but it failed to collect its loans be they with Ibrahim Mahama or with Appiah-Menka or the others.

That is gross corporate failure. What degree of autonomy would guarantee the timely reco ...
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Merchant Bank may still be viable but it failed to collect its loans be they with Ibrahim Mahama or with Appiah-Menka or the others.

That is gross corporate failure. What degree of autonomy would guarantee the timely recovery of all these debts owed to the bank? So long as the bank retains any significant responsibility to the Gov't in ownership terms it is highly probable that these debtors would prolong their delinquency with little to nothing to fear.

It has to be privatized. How come we don't see Ghana Commercial Bank suffering similar headaches? If the bank survives this attempt to sell it off, Parliament should replace its Board and instruct it to be more aggressive in collecting the debts, regardless of who owes it.
A deadline ought to be given for the collection of these old debts or assets of defaulters be confiscated to defray the debts promptly .

Long live Ghana!!!
KWAME 10 years ago

WE NEED TO BE TOLD HOW MUCH IS OWED BY THE FIRST 20 TOP COMPANIES, AND HOW MUCH OWES INDIVIDUALLY. IT NEEDS TO BE PUBLISHED OUT THERE FOR ALL TO SEE THE FLEECING OF THE ORDINARY HARD WORKING GHANAIAN. GOD BLESS OUR POOR COUNT ...
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WE NEED TO BE TOLD HOW MUCH IS OWED BY THE FIRST 20 TOP COMPANIES, AND HOW MUCH OWES INDIVIDUALLY. IT NEEDS TO BE PUBLISHED OUT THERE FOR ALL TO SEE THE FLEECING OF THE ORDINARY HARD WORKING GHANAIAN. GOD BLESS OUR POOR COUNTRY GHANA !
kirk osei 10 years ago

The whole deal is not proper fortiz hide behind some ppl in government n wanted to take over th bank in corrupt way is quite unfortunately

The whole deal is not proper fortiz hide behind some ppl in government n wanted to take over th bank in corrupt way is quite unfortunately
NAKED 10 years ago

Good one there at least I have seen a sensible person who can reason and think, first and foremost, what is education at all? In a country where I come from, they defined education as anyone who can read and write English lan ...
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Good one there at least I have seen a sensible person who can reason and think, first and foremost, what is education at all? In a country where I come from, they defined education as anyone who can read and write English language that is how they defined education in Ghana. A country where a lot of people look down upon those who can't speak and write English language do you think such country can develop no wonder Ghana is a country with good resources but the citizens are mentally weak unable to think and reason as well, they are still slaves to the so-called Europeans. They are still colonized mentally and physically but the reason is that they don't know that they are still under colonization. So in s nutshell that is how illiteracy is defined in Ghana. Then one may ask that how about the countries who are using their own language to study are they illiterates? a country like France, Germany, Japan, South Korea, Finland, Norway, China etc can we classify their education system as substandard because they are not using English language to teach in their institutions? Africans will always embraced everything from west and east without thinking deep and its side effect in the future and we hate our own things so tell me are we humans? We always lionize the oppressors and disowned ours and we called ourselves educational elites now listen to a proverb from Europeans to Africans “you can take a monkey from bush but you can't take bush from monkey" how are we going to interpret it? it's simple to Europeans, Africa is bush let's see how they describe Africa they use the word Sub-Saharan and the question is do we have sub-Europeans or sub-Asians or sub-Americans, etc look how they have cited Africa in a World map, Africa as a continent is always at the bottom of the World map, the question is why they didn't cite Europe, Asia, America and Australia at the bottom but only Africa think about it brothers and sisters, the proverb means an African a monkey can come to western or eastern country to study or do anything but because he/she is from Africa you can't take Africa mentality from him or her then the stereotype goes, they are less humans, they don't have food to eat, always fighting among themselves etc so why Africans shouldn't cling to their own and abandoned their stupid act but yet still Africans are upholding their language and their barbaric culture, 500 years we are still slaves so when are we going to emancipate ourselves as a people created by YHWH.
The time has come for Africans to come together as one people and put their difference away and unit as people it has been a long time in slavery and colonization. The time has come for Ghanaians to put away their difference and unit to develop their nation it has been a long time in slavery and colonization.
God of our fathers have mercy on us especially banana republic of Ghana. Ghana, Ghana a country with good resources I had wanted to gather my people under one canopy as hen gathered it chicks but my people have abandoned their wisdom through thinking and now following the way of westerners through their devilcracy which is called democracy so now my people cannot be able to manage their own affairs, my people do not appreciate things manufactured in their country, my people preach devilcracy and practice vices, my people preach patriotism but they are not patriotic, my people have lost their sense of judging and now we are in a doom state they can't differentiate good things from bad ones and now engulf with tribalism which has become a canker in the country through bogus so-called educational elites and stomachticians who called themselves as politicians to separate the people in other not to come together to fight against their evil planning. A voice calling from within shouting my people, my people come together to build your nation we were created in the same image not let this stomachticians separate you they are doing it for their own selfish gain so wise up, awake from your slumber, the day is far spent and the night is near so let's ignore all these tribalism stuffs and come together as one people because together we can build a better nation.
The only way Africans can develop is to use their own language to study and do everything and stop patronizing anything from east or west, a small country like Ghana we can’t develop it why? Because we have pseudo intellectuals who always claims that they are the best but in reality they are at the bottom of the pit, our education system is not good, our education system does not allow us to think inside and out outside the box so for Ghana to develop it needs critical thinkers and nature incliners who can put things together other than that it will take millions of years we will still be where we are. Anyone who wants to study Nature University can contact me wellsbrains2000@yahoo.com, whatspp 008613566124757 when you contact me tell me which my article that you are interested so we can discuss it deeply because I have presented numerous articles on this web
DAN 10 years ago

QUIT COPY AND PASTING MONKEY

QUIT COPY AND PASTING MONKEY
shaggy 10 years ago

You want the bank to be sold to south African bank right..bcos you will be free from harassment to pay ur killer debt folk you npp

You want the bank to be sold to south African bank right..bcos you will be free from harassment to pay ur killer debt folk you npp
Son of Ghana 10 years ago

All NDC supporters are crooks to agree to this loss for Ghana. How many hospitals and schools can 90m Ghc build.

All NDC supporters are crooks to agree to this loss for Ghana. How many hospitals and schools can 90m Ghc build.
Son of Ghana 10 years ago

Ghanaians why so stupid. Dont you see that they are stealing YOUR MOney. Just put your heads up each others arses and watch the NDC starve you to death.

Ghanaians why so stupid. Dont you see that they are stealing YOUR MOney. Just put your heads up each others arses and watch the NDC starve you to death.
DAN 10 years ago

NIGGER(IDIOT BLACKMAN) NDC WANT SELL TO FORTIZ TO HIDE MAHAMA DEBTS!

NIGGER(IDIOT BLACKMAN) NDC WANT SELL TO FORTIZ TO HIDE MAHAMA DEBTS!
me 10 years ago

Absolute piece of shit

Absolute piece of shit
WARD GDX - WE THE PEOPLE 10 years ago

This is bull shi iit crappy nonsense.

Not a single grain of truth in it

This is bull shi iit crappy nonsense.

Not a single grain of truth in it
KOBLA ZEGO 10 years ago

AWUNI AND NPP THINK THEY OWN GHANA AND CAN DO WHATEVER THEY WANT, BUOLT HOTELS, SELL TO THEMSELVES STATE BUNGALOWS, VODAFONE AND OTHERS AND WILL SHOUT AT THEIR TENANTS EVEN IF THEY DO NO WRONG. THEY SHOULD NOT RULE GHANA AGA ...
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AWUNI AND NPP THINK THEY OWN GHANA AND CAN DO WHATEVER THEY WANT, BUOLT HOTELS, SELL TO THEMSELVES STATE BUNGALOWS, VODAFONE AND OTHERS AND WILL SHOUT AT THEIR TENANTS EVEN IF THEY DO NO WRONG. THEY SHOULD NOT RULE GHANA AGAIN.
MINOR CASE 10 years ago

Why can't this paper tell us the amount of money owed by the NPP cohorts. Obviously it is peanuts compared to what the president's brother owes. It is only in Ghana ,that one person's indebtedness could break a bank and be pr ...
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Why can't this paper tell us the amount of money owed by the NPP cohorts. Obviously it is peanuts compared to what the president's brother owes. It is only in Ghana ,that one person's indebtedness could break a bank and be praised for owning private jets by a " nyebro" Alhaji Bature . What a failed nation.
Photosy. 10 years ago

Oh no, is that the reason NDC should do same. Why is every government selling assets without reference to the stock exchange. Why was the stock exchange established. Question is, the SSNIT funds does it belong to the Governme ...
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Oh no, is that the reason NDC should do same. Why is every government selling assets without reference to the stock exchange. Why was the stock exchange established. Question is, the SSNIT funds does it belong to the Government or contributors ? SSNIT has already made too many mistakes without righting their wrongs, this is the time to SAY NO. Sell it to the general public, let us own our own bank. This idiotic behavior must stop and I am surprised that the Unions are silent on this.
GOG 10 years ago

only a fool will think this way

only a fool will think this way
SHINU 10 years ago

WHAT A USELESS GOVERNOR

WHAT A USELESS GOVERNOR
ATSIKASA ZOMABI 10 years ago

Is ibrahim Mahama the only person owing the merchant of Venice bank .check the names on the owing list .they all cannot repay the Shylock loans.give us a break.

Is ibrahim Mahama the only person owing the merchant of Venice bank .check the names on the owing list .they all cannot repay the Shylock loans.give us a break.
Dan Budu 10 years ago

Thank you for pointing out the reason why you think is behind the NPP opposition of sale of the Merchant Bank to Fortiz.

Can you kindly tell Ghanaians how much these NPP sympathisers owe the bank?

Thank you.

Thank you for pointing out the reason why you think is behind the NPP opposition of sale of the Merchant Bank to Fortiz.

Can you kindly tell Ghanaians how much these NPP sympathisers owe the bank?

Thank you.
KOO 10 years ago

Only ignorance leads people to believe these sort of stories.When a bank is taken over its liabilities and its assets are also taken over and so what is Bature and his men talking about.Why will any bank just allow debtors to ...
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Only ignorance leads people to believe these sort of stories.When a bank is taken over its liabilities and its assets are also taken over and so what is Bature and his men talking about.Why will any bank just allow debtors to walk away without paying?.
DAN 10 years ago

I BET MAHAMA'S BROTHER IS THE BIGGEST DEBTOR! YOU MONKEYS...NDC(NATIONAL DEFILEMENT COMMITTEE IS FULL OF THEIVES) AND WILL BURN IN HELL FOR ETERNITY(FOREVER)..YOU NIGGER!

I BET MAHAMA'S BROTHER IS THE BIGGEST DEBTOR! YOU MONKEYS...NDC(NATIONAL DEFILEMENT COMMITTEE IS FULL OF THEIVES) AND WILL BURN IN HELL FOR ETERNITY(FOREVER)..YOU NIGGER!
end of times 10 years ago

It is a pity we are blinded by politics and tribal hatred. The bank is to be sold to ndc and not Ghanaians. If Fortiz membership were a broad mix of citizens, it would be acceptable. Remember it is the SSNI shares that are be ...
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It is a pity we are blinded by politics and tribal hatred. The bank is to be sold to ndc and not Ghanaians. If Fortiz membership were a broad mix of citizens, it would be acceptable. Remember it is the SSNI shares that are being off loaded,money belonging to workers. If npp members owe the bank why cant it go for them to pay.
samuel okyere 10 years ago

I thinks as a nation we need to be serious,90%share for 90m gh cedis,this a true scam

I thinks as a nation we need to be serious,90%share for 90m gh cedis,this a true scam
KACHA 10 years ago

dabolic NPP are now seeing fraud as a crime? k4 and his cry to ghanaians 4 a change n we gave them e nod, soon after the realize the national assets, they started looting and sharing. mwmm. k4 junior bro spring up to bcome th ...
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dabolic NPP are now seeing fraud as a crime? k4 and his cry to ghanaians 4 a change n we gave them e nod, soon after the realize the national assets, they started looting and sharing. mwmm. k4 junior bro spring up to bcome the richest man from our taxes we pay. the missing ship carrying our hard currencies under the clock of nana d akuffo and k4 stil cannot be trace. why do ghana go hipc? kwaku ghanaians needs ur invsetigating here. do be be.
Ato Tarkwa 10 years ago

John Mahama and lbrahim Mahama are Thiefs Thiefs Thiefs Thiefs not Tobinco

John Mahama and lbrahim Mahama are Thiefs Thiefs Thiefs Thiefs not Tobinco
Kwame 10 years ago

If Ghanaians own our resources they are thieves, because according to NPP and their white western European doll masters, clergy and some who think that they are on Earth to hew wood and draw water for people just because of t ...
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If Ghanaians own our resources they are thieves, because according to NPP and their white western European doll masters, clergy and some who think that they are on Earth to hew wood and draw water for people just because of the colour of their skin the Negro owns all heaven and should not have anything on Earth. That was the reason why NPP sold WESTEL a telecommunication company formed by Mr. Tsatsu Tsikata for Ghana and her people for 99 years and Ghana Telecom the same. It is the same reason why NPP sold the Ghana National Petroleum Corporation (GNPC) drill ship Discovery 115 for 24 Million Dollars, wheres the other drill they were unable to sell fetches the country 24 Million Dollars every year. Not only that NPP under John Agyekum Kufuor sold helicopters, rest houses, catering, hospitality industry, banking among others to members of the party, who later sold it to foreign partners thus depriving Ghana revenue from down stream business in the crude oil and gas industry. All disabled GNPC that it became a junior partner in the Cape Three Points crude oil discovery.
NPP and Kufuor were in power for eight years yet their supporters can not point to what they created for Ghanaians to own and share.
Up till 1987 this country boast of free education, water, waste disposal and health which were made cash and carry by the strings of the Breton Woods Institutions. All that happened under laud mouth Ft. Lt. John Jerry Rawlings.
We all witness how the U.S. congress stopped an Arab habour construction company from building a habour in the U.S. sighting security reasons.
NPP members should be the last to comment on economic issues in this country because they are people who do not know that even salt is an essential chemical in crude oil industry. It is the same group of people who gave the mini Russian atomic power generator to the U.S. and never got anything back. We now have electricity power crisis as a result of the irrational behaviour of NPP, because it is the same members of the United Party who formed the NPP.
Should NPP and its members spare us the ugly noise.
Togbui 10 years ago

Anyone in favour of this Merchant dash out is a very big fool and so is anyone in support of this USELESS TOILET PAPER

Anyone in favour of this Merchant dash out is a very big fool and so is anyone in support of this USELESS TOILET PAPER
Adams Ibrahim 10 years ago

well this will let the ndc be on track.having critics is something that is good. they will always prompt well ur are going wrong or right. mahama be strong.

well this will let the ndc be on track.having critics is something that is good. they will always prompt well ur are going wrong or right. mahama be strong.
citizen 10 years ago

all states banks should be sold to private investors to save the nation's money.workers in the banks take all the money as salaries at the expense of taxpayers.government is on the right track.it is not only ibrahim mahama wh ...
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all states banks should be sold to private investors to save the nation's money.workers in the banks take all the money as salaries at the expense of taxpayers.government is on the right track.it is not only ibrahim mahama who owes.even government owes .nnp must stop this blame game and help develop the nation.some time they raise issues hence implcating their own members e.g dapaah and hammond
DROSSMANI JNR 10 years ago

WHEN AT ALL WILL THIS ALHAJI SPEAK THE TRUTH? CORRUPT DROSSMANI IS RATHER THE PROBLEM.

WHEN AT ALL WILL THIS ALHAJI SPEAK THE TRUTH? CORRUPT DROSSMANI IS RATHER THE PROBLEM.
Hakeem 10 years ago

Al hajj is the best toilet paper in ghana... my family enjoy usin al hajj toilet paer

Al hajj is the best toilet paper in ghana... my family enjoy usin al hajj toilet paer
Photosy. 10 years ago

It is so ridiculous to hear that a commercial loan contracted by a local company from a bank had its lawyer petitioning the presidency. Does that mean that everybody has the right therefore to petition the presidency for a co ...
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It is so ridiculous to hear that a commercial loan contracted by a local company from a bank had its lawyer petitioning the presidency. Does that mean that everybody has the right therefore to petition the presidency for a contracted loan ?

The Presidency was obviously petitioned because it was decided behind close doors between the lawyers, the company and the presidency that a petition be sent . It is unbelievable and to think that the NDC are defending this ridiculous petition by a lawyer all sides is unacceptable. What a country we live.

Fortiz must gracefully bow out of this sale otherwise it will come to hunt them in the near future no matter what happens. Workers must further request SSNIT to be reconstituted. The government has no business appointing the board and the executive to run the social security fund without all stake holders approval. Stakeholders must sit up AFTERALL they are the contributors to the fund and not Government. IF WE CANNOT PROTECT THE GOVERNMENT FROM WASTING THE LABOURS OF THE PEOPLE UNDER THE PRETENSE OF TAKING CARE OF THEM, THE PEOPLE CANNOT BE SAID TO BECOME HAPPY. WAKE UP UNIONS.
still rastafari 10 years ago

batutre if it is your opinion say so....

batutre if it is your opinion say so....
CW 10 years ago

the same people would have criticize it, if it was sold to a foreign company to take over but will frustrate local company which wants to take over. what are we doing to ourselves..? if it was sold to those foreign banks, no ...
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the same people would have criticize it, if it was sold to a foreign company to take over but will frustrate local company which wants to take over. what are we doing to ourselves..? if it was sold to those foreign banks, no body would have make any noise about it but because it is a local company see what they are doing.... GOD SAVE GHANA
Ametsitsi 10 years ago

CW, you don't seem to understand what is going on. Take time and read carefully, understand the issues before making any comment.

CW, you don't seem to understand what is going on. Take time and read carefully, understand the issues before making any comment.
West Orange, NJ resident 10 years ago

Let the paper name the so called NPP bigwigs and how much they owe Merchant Bank.
Truth of the matter is, John Mahama's brother, Ibrahim Mahama actually owes the bank a whopping $58 million if you add principal and interest ...
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Let the paper name the so called NPP bigwigs and how much they owe Merchant Bank.
Truth of the matter is, John Mahama's brother, Ibrahim Mahama actually owes the bank a whopping $58 million if you add principal and interest together based on the initial terms of the loan which makes up about 70% of all the bank's outstanding loans.
Even with his brother, vice president and subsequently president, stepping in this guy and his company has refused to pay a dime. There terms were renegotiated virtually writing off all the interest and penalty to bring the outstanding debt to about $38 million constituting roughly 50% of the Banks loans. Even then, Mahama got Iddrisu appointed as the MD of the Bank. Iddrisu previously worked at the bank as a manager, levels below the MD position. Granted he had improved himself a bit after leaving the Bank, he came backed on top of all his previous superiors. The mandate for Iddrisu was to get Ibrahim Mahama's loans written off but Iddrisu had
West Orange, NJ resident 10 years ago

Continuation!
stiff opposition from the Board and before John Mahama realized, the Board of MBG had fired Iddrisu. That decision eventually forced the Board chairman Mrs. Bannor to resign. Now for NDC to claim that Fortiz ha ...
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Continuation!
stiff opposition from the Board and before John Mahama realized, the Board of MBG had fired Iddrisu. That decision eventually forced the Board chairman Mrs. Bannor to resign. Now for NDC to claim that Fortiz has pledged to recover 30% of the outstanding loans of MBG, presupposes Ghanians are not savvy enough to read in between the lines. Simply put, it means that the valuation of MBG has been done with due regard to only 30% of the bank's outstanding loans needless to say that 70% of the loans is considered irrecoverable. Guess whose loans are not going to be recovered.
Roy Rogers 10 years ago

'...it has emerged that the NPP has adopted such position to save some of its leading members the burden of having to repay the huge sums they owe Merchant bank'.: Al Hajj, mention the names of those leading NPP members who o ...
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'...it has emerged that the NPP has adopted such position to save some of its leading members the burden of having to repay the huge sums they owe Merchant bank'.: Al Hajj, mention the names of those leading NPP members who owe Merchant Bank.
DAN 10 years ago

I BET NIGGER MAHAMA'S BROTHER WILL TOP THE LIST OF HUGE LOANS..YOU FUCKING STUPID(IDIOT) NDC MONKEYS...

I BET NIGGER MAHAMA'S BROTHER WILL TOP THE LIST OF HUGE LOANS..YOU FUCKING STUPID(IDIOT) NDC MONKEYS...
Nii Lartey Nartey 10 years ago

Fortiz, a finance institution just formed last June by some unscrupulous faceless gangsters without any creditable or traceable record taking over of Merchant Bank is a daylight armed robbery of the people and country, Ghana, ...
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Fortiz, a finance institution just formed last June by some unscrupulous faceless gangsters without any creditable or traceable record taking over of Merchant Bank is a daylight armed robbery of the people and country, Ghana, by organized criminal gangsters led by the President, his junior brother Ibrahim Mahama and their associate criminal lawyer Lithur.

The fact that members of a past government allegedly did same as the criminal Ibrahim Mahama has no any bases of justification whatsoever for us to sit helplessly doing noting to protect properties of our country in this 21st century where we all know what is right from wrong, thanks to technological advancement that communication and investigation technology has become much more easy to expose such horrendous crimes for us to build our defense.

What is the essence of killing Major General Roger Feli, the gentle military soldier for officially signing for a loan of just 50 thousand Cedis by these same P/NDC fake socialist revolutionaries who violently came to power by the gun and privatized state owned valuable productive enterprises only to turn round to own them all. Why is Konadu Agyeman Rawling the owner of Nsawam Cannery?

Such yesterdays' campus poor rats are the sudden super rich and local bourgeois in Ghana ruining the country with impunity today.

Taking over of Merchant Bank stinks like Nima-Mamobi gutters and must be stopped, Now!!!
Igp 10 years ago

Every bank has a right to revise the terms of its loan agreement with a customer depending on borrower's ability or the lack of to meet the repayment requirements. It is only in Ghana that people will collect loans and refuse ...
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Every bank has a right to revise the terms of its loan agreement with a customer depending on borrower's ability or the lack of to meet the repayment requirements. It is only in Ghana that people will collect loans and refuse to honor their side of the contract without filing for insolvency or bankruptcy. Why is the E & P refusing to pay its loan with MBG? One person taking as much as a bank's equity of 19.5% was just too much. The bank did a poor job by not checking all the risks associated with Ibrahim mahama. These are people's pension funds, jobs are at stake and Ibrahim Mahama must pay back. John Mahama is creating a constitutional crisis and some body must advice to remove himself from his brother's interest in this national problem. Ghana is bigger than any one particular person occupying the Flagstaff House. Is John Mahama really up to the task of running Ghana? So far all indications are that he is either incompetent or not material enough to manage Ghana's affairs. The national chest is not his personal money and it takes man of integrity to run a country. Nkrumah towers above all former Ghanaian leaders. The man who came closer to Nkrumah's standing was Rawlings. Mahama could be impeached and made to face the court if he is found to have obstructed a lawful recovery of the loan from his brother. The Al-Hajj can spin all you can and blame it on NPP, bottom line, Ibrahim Mahama took a loan and misapplied it by buying a private jet. He must pay back the loans or risk losing his assets when the next government takes over. It will surely happen.
DAN 10 years ago

THE REPO MAN IS WAITING TO TAKE AWAY THE JETS AND MAY SELL THEM AT LOSS SO MAHAMA WILL STILL OWE DUE ASSET BEING WORTH LESS THAN WHEN NEW!

THE REPO MAN IS WAITING TO TAKE AWAY THE JETS AND MAY SELL THEM AT LOSS SO MAHAMA WILL STILL OWE DUE ASSET BEING WORTH LESS THAN WHEN NEW!
ODIKRO 10 years ago

THE WHOLE SECREAT IS THAT A LOT OF THESE CROOKS POLITICIANS MAKING NOISE IN THE AIR TOOK QUAUNQANTUA LOAN WITH PROTOCOL LETTERS DURING THEIR TIME IN GIVERNMENT WITHOUT DUELLY QUALIFIED FOR THE LOAN REQUIREMENT ONLY PROVISION ...
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THE WHOLE SECREAT IS THAT A LOT OF THESE CROOKS POLITICIANS MAKING NOISE IN THE AIR TOOK QUAUNQANTUA LOAN WITH PROTOCOL LETTERS DURING THEIR TIME IN GIVERNMENT WITHOUT DUELLY QUALIFIED FOR THE LOAN REQUIREMENT ONLY PROVISION OF PROTOCOL LETTER AS ORDER OF THE DAY IN GHANA.
NOW MOST OF THESE CROOCKS ARE NO LONGER GET THEIR WAY OF FREE IMPORTS DUTY, SQUANDERED QUATUM OF THESE LOAN CONTRACTED TO SUPPORT PARTY POLITICS THINKING THAT IF WE COMES TO POWER I WILL GET CONTRACTS FROM GOVT TO PAYBACK. THIS IS NOT FORTH COMING RESULTING FIGHTING HEAD TO NEEL TO SAVE FACE AS IF THE BANK IS IN THE HANDS OF PRIVATE COMPANY, WORST OF IT IN FOREIGN HANDS THEY CAN NO LONGER USE PROTOCOL LETTERS TO CALL SUCH LOANS A BAD DEBTS OR SUCH LOAN PAID BY GOVT,
LONG LIVE GHANA AND FAST DEATH TO NATION WRECKERS.
Ayariga is a donkey 10 years ago

Rubish article, THIS is not an NPP or NDC matter, THIS is a matter that concerns all Ghanaians irrespective of their political inclination. Must we sit down for our politicians to steal from the state coffers with impunity? I ...
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Rubish article, THIS is not an NPP or NDC matter, THIS is a matter that concerns all Ghanaians irrespective of their political inclination. Must we sit down for our politicians to steal from the state coffers with impunity? If Npp did it, must NDC also do it? Fact is, Fortiz is a hastily put together entity , put together by Ibrahim and his person on the board with their cronies. They intended to get the bank with papercas then flip it over for profit. Kill two birds with one stone. Ibrahim doesn't pay hisdebt, and they get to make a few millions in profit.
Queen 10 years ago

What on earth is wrong with the Country Ghana? SEIZE ALL ASSETS OF BUSINESSES, INDIVIDUALS THAT OWE MERCHANT BANK. Are we STUPID or what? SEIZE THAT IBRAHIM MAHAMA'S ASSETS TO PAY FOR THE DEBT-SIMPLE!

What on earth is wrong with the Country Ghana? SEIZE ALL ASSETS OF BUSINESSES, INDIVIDUALS THAT OWE MERCHANT BANK. Are we STUPID or what? SEIZE THAT IBRAHIM MAHAMA'S ASSETS TO PAY FOR THE DEBT-SIMPLE!
DAN 10 years ago

ITS STRUCTURED TO COVER MAHAMA'S BROTHER HUGE DEBT TO BANK..THE BANK SHOULD BEEN SOLD TO FIRST RAND OR UT

ITS STRUCTURED TO COVER MAHAMA'S BROTHER HUGE DEBT TO BANK..THE BANK SHOULD BEEN SOLD TO FIRST RAND OR UT
ww 10 years ago

ww

ww
kelly 10 years ago

the writer is a liability to the state and a goofy as well.. looking at the case, I shady samtin..mr writer this not about your ndc and npp..one person cant use the nation's funds or money to finance his business..fortiz is o ...
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the writer is a liability to the state and a goofy as well.. looking at the case, I shady samtin..mr writer this not about your ndc and npp..one person cant use the nation's funds or money to finance his business..fortiz is owned buy same ndc guru..
YOU 10 years ago

A brilliant expose on the issue at stake. God bless you the writer. Please keep on giving us such laudable background info.

A brilliant expose on the issue at stake. God bless you the writer. Please keep on giving us such laudable background info.
GHANA 10 years ago

MAHAMA WILL WIN THE NEXT ELECTION. IF U DOUBT IT, DRINK POISON

MAHAMA WILL WIN THE NEXT ELECTION. IF U DOUBT IT, DRINK POISON
Jafaru Issah 10 years ago

As a patrotik sitizin & Ghanian in karater I prefer Fortiz 2 1st Rand,and,I wish dem good luk.

As a patrotik sitizin & Ghanian in karater I prefer Fortiz 2 1st Rand,and,I wish dem good luk.

Why NPP fears Fortiz take-over of Merchant Bank

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