Let’s expose the corrupt "missing middle" – Esi Ansah

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Kojo Samla 9 years ago

All most of you do is point "invisible fingers" expecting someone else to provide names. Start by providing some names. We cannot all say that we do not know people who clearly live above their means. Most of the time it is t ...
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All most of you do is point "invisible fingers" expecting someone else to provide names. Start by providing some names. We cannot all say that we do not know people who clearly live above their means. Most of the time it is the same people making the most noise who are the worst culprits.
John 9 years ago

Hahahaaaa who can bell the cat they say.

Hahahaaaa who can bell the cat they say.
OLD SOLDIER 9 years ago

Author:-Kofi Ata, Cambridge, UK...
I agree with Justice Emile Short that the language used by GBA was inappropriate but at the same time, it is true that Afari Gyan's credibility was dented and the image of the Electoral Co ...
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Author:-Kofi Ata, Cambridge, UK...
I agree with Justice Emile Short that the language used by GBA was inappropriate but at the same time, it is true that Afari Gyan's credibility was dented and the image of the Electoral Commission tarnished by what was revealed at the SC Presidential Petition hearing. If Afari Gyan could not define over-voting then why is he the Electoral Commissioner?

The GBA erred to have suggested the appointment of a new EC in advance when the existing one retires in 2015. That is against the constitution and it's sad that those who should be defending the constitution sought to undermine it. I hope they have learnt a lesson from this misguided and uncalled action.
Kwame Ansah 9 years ago

Very important point made. You hit the nail on the head

Very important point made. You hit the nail on the head
assemblymember,ahafo-ano south 9 years ago

Madam,although I do much appreciate your comment,yet who is going to bear the
cat.It seems to me foolsh mahama does not really know what is going on in the
country.Mahama himself is questionable on corruption.

Madam,although I do much appreciate your comment,yet who is going to bear the
cat.It seems to me foolsh mahama does not really know what is going on in the
country.Mahama himself is questionable on corruption.
Victor A. Young 9 years ago

One such big "missing middle" is Ibrahim Mahama. He's done many dubious deal and haven't been caught up with the law as he continues to enrich himself. It's said that he's worth GHc 1.4 Billion and owns many businesses includ ...
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One such big "missing middle" is Ibrahim Mahama. He's done many dubious deal and haven't been caught up with the law as he continues to enrich himself. It's said that he's worth GHc 1.4 Billion and owns many businesses including a private jet. There's no wrong to own businesses and property when it's earned in an honest and transparent manner. It isn't so in the case of John Mahama's kid brother. It's time to weed them all out; smoke them out of their bunkers and holes. Oh, may God help us and deliver us from the clutches of the wicked and evil men. Amen!
Ibn Batuta 9 years ago

I like this post. Surely, surely there are dark faces out there who facilitate all corruption and profit by it.

I like this post. Surely, surely there are dark faces out there who facilitate all corruption and profit by it.
ESTHER 9 years ago

Is this lady right on her campaign against corruption as the a founding partner and CEO of Axis Human Capital Ltd? then she should be the first to be named and shamed to have come out to expose herself. This is how God Work ...
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Is this lady right on her campaign against corruption as the a founding partner and CEO of Axis Human Capital Ltd? then she should be the first to be named and shamed to have come out to expose herself. This is how God Works to arrest criminals. Her gangs are crying here right now that "Esi Ansah didn't know" Such is the capital corruption Ghanaians are engaging in across the globe. How was the Ashesi University built? Esi Ansah, the Ansah's and the Ashie's corruption scandal and money siphoning/smashing are the major causes of the numerous poverty and hardships to the lifestyle of citizens in various countries today. You are being praised to protect such operations. I am Esther, Esi, it's all under scrutiny Ghanaians.
HAWA YAKUBU 9 years ago

Corruption is not stealing or taking money from one to push through in life. Ghanaian workers are more corrupted than the politicians. Today go to many offices in Ghana at 8 am and see whether you find these office workers th ...
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Corruption is not stealing or taking money from one to push through in life. Ghanaian workers are more corrupted than the politicians. Today go to many offices in Ghana at 8 am and see whether you find these office workers there. These corrupt workers get in by 10 am and by 11. 11.30 am they leaving for lunch. The beer lunch carry them to 2-3 hours. Some of them don't come back particularly the females who exchange pleasant gifts with the boss.
BOY KUMASI 9 years ago

Corruption is all over the place around the world but govts in those countries do control it just to remind you of what happened in India involving a top govt official and the biggest corruption scandal in Europe which occure ...
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Corruption is all over the place around the world but govts in those countries do control it just to remind you of what happened in India involving a top govt official and the biggest corruption scandal in Europe which occured in Turkey but Ghana's one is uncontrollable bcos almost everybody is doing it due to high rate of competition in life so there is nobody to bell the cat therefore i agree with you that Ghanaian workers are more corrupted than the politicians .
jt 9 years ago

Esi, the fact is that you are speaking to the wrong people. This pressure group comprises two type of people, those who feel they can not get position to steal and the genuine individuals who wants equality for all.

Esi, the fact is that you are speaking to the wrong people. This pressure group comprises two type of people, those who feel they can not get position to steal and the genuine individuals who wants equality for all.
They Say They Say 9 years ago

What good is name and Shame? Build more jails and throw them suckers in. These people are funny. Who gives a damn about shame when you are enjoying your booty? Ghanaians like to dance around problems.

What good is name and Shame? Build more jails and throw them suckers in. These people are funny. Who gives a damn about shame when you are enjoying your booty? Ghanaians like to dance around problems.
little 9 years ago

Dr. Esi Ansah I totally agree with you because now the corruption has creped in Businessmen and is now talking over the entire nation which individuals cannot fight. Some organisations cannot sign contracts without taking mon ...
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Dr. Esi Ansah I totally agree with you because now the corruption has creped in Businessmen and is now talking over the entire nation which individuals cannot fight. Some organisations cannot sign contracts without taking monies. The question is how can you pay for something you don't have? Giving monies out for a contract to sign is not done anywhere aside Africa. We need God to heal us.
Ugly Akufo Addo 9 years ago

When i was fucking this girl i hv to used some thing to cover my nose

When i was fucking this girl i hv to used some thing to cover my nose
Kofi 9 years ago

The members of AFAG should stop being hypocritical. Was it not the former president Kuffuor who stated that corruption has been around since Adam and Eve? He rightly advised that we must bring evidence of corruption that will ...
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The members of AFAG should stop being hypocritical. Was it not the former president Kuffuor who stated that corruption has been around since Adam and Eve? He rightly advised that we must bring evidence of corruption that will stand the test in court or forever hold our peace.
Ghanaians have a Kweku Ananse character, always scheming to take advantage of their neighbour – the seeds that breed corruption-. All that AFAG is doing is exhibiting this character to encourage Ghanaians to vote NPP into power so they too can take advantage of our broken socio-political and economic system.
If AFAG genuinely want to help Ghana, they should be “occupying the Ministries and Departments of state” where the bulk of the corruption takes place and not the Flag Staff House. They should rather occupy the Police Service that are ineffective and keep taking bribes on our roads daily. They should occupy the law courts where disputes that should take a few months to resolve, drag on for decades and bribing of officials is rife. They should occupy Customs and Excise offices where their inefficiencies lead to delays at the ports for businesses and where bribe taking is rife. The list goes on and on.
AFAG is not sincere, and so will be any pressure group that fails to tackle Ghanaian’s problems at the roots, but choose to politicise them with gimmicks like occupy Flag Staff House.
Bibisaku 9 years ago

It is a long article but WORTH reading. This is where Labour leadership is sending our moneys again..!!!

SSNIT rejects ¢5.38bn refund from Databank
Accra (Greater Accra) 27 May 2003 -

The Social
Security and Nationa ...
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It is a long article but WORTH reading. This is where Labour leadership is sending our moneys again..!!!

SSNIT rejects ¢5.38bn refund from Databank
Accra (Greater Accra) 27 May 2003 -

The Social
Security and National Insurance Trust (SSNIT) has
described as unacceptable the refund of ¢5.38
billion made to it by Databank Financial Services
Limited with regard to the investment it made in
Obotan Developers Limited in 1999.
According to the trust, that amount which was
equivalent to $2.24 million in 1999 is not of the
same value today, adding that what was refunded is
equivalent to $619,034.50 which is only 27.6 per
cent of the original dollar offer price and indicated
that it will not compromise its rights in the matter
and is determined to receive its entitlement in full.
A highly-placed source at SSNIT, which disclosed
this in an interview in Accra yesterday, said the
trust is demanding either the $2.24 million or its
equivalent at the current market rate since it would
have made significant returns if the money had
been invested by it in 1999.
It said it has consistently maintained in its
correspondence with Messrs Databank Financial
Services Limited, through its solicitors, that the
offer price for the investment in the joint venture
was quoted in US dollars in February 1999, even
though payment was effected in cedis at the
prevailing exchange rate.
It maintained that any refund, therefore, in cedis,
should at least be equivalent to the original offer
price of $2.24 million when converted into US
dollars at today’s exchange rate.
It said the trust wishes to remind the public that its
line of action is aimed at asserting its civil rights in
a case such as this” and that issues requiring
criminal prosecutions, if any, do not lie with the
trust but with the Attorney General’s office.
The source said the board and management of
SSNIT has noted the public interest generated by
the report of the forensic auditors and the
investigations by the Serious Fraud Office (SFO) on
the investment of the sum equivalent of $2.24
million which was, ¢5.4 billion in 1999 made by the
trust in Obotan Developers Limited.
It said upon completion of the investigations, the
SFO informed the trust on October 7, 2002 that the
docket on the case would be forwarded to the
Attorney General for the necessary action to be
taken.
The source said the letter concluded that the trust
would be informed of any further developments and
on November 29, 2002, the SFO forwarded to the
trust a proposal by the solicitors representing
Messrs Databank Financial Services Limited, one of
the parties named in the SFO report, to buy out the
trust from the venture by refunding the sum of
¢5.38 billion paid by the trust in 1999.
The trust responded through its solicitors that while
it was desirous of seeking a resolution on the
matter, it will only do so if there is full restitution of
the original investment plus appropriate interest
that will ensure that there is not an unreasonable
dilution of the value of the original investment
made by the trust.
The source said SSNIT has made it clear to the
solicitors of Databank that although the original
offer was made to SSNIT in dollars, payment must
be made in cedis at the prevailing exchange rate.
It said "we suggested the use of an interest rate of
the London Interbank Offer Rate (LIBOR) in
addition to two per cent to accumulate the original
amount of $2.24 million from the date that the trust
effected the payment, to the date of refund".
Based on this, the source said the trust suggested
conversion of the accumulated dollar amount into
cedis at the prevailing exchange rate on the date of
the refund and this the trust felt would be in line
with the approach used in the original transactions.
Alternatively, it said the trust suggested that if
Messrs Databank Financial Services Limited insists
on using the cedi equivalent of the initial
investment, that is the ¢5.38 billion, as the
reference amount, then the interest rate to be used
to accumulate the investment to the refund date
should be the equivalent of the prevailing treasury
bill rate in addition to two per cent for the period,
from February 1999 to the refund date.
The source regretted that both options were rejected
by the lawyers of Databank who rather insisted on
making two instalment payments totalling ¢5.38 and
further suggested that the issue of interest and the
dilution in the value of the original payment should
be settled by arbitration.
It said before the two parties could resort to
arbitration, Databank, on May 13, sent a cheque for
¢5.4 billion to SSNIT and indicated that it was the
full refund.
At the prevailing exchange rate, the source said, $1
is exchanged for ¢8,700 and that the payment of
$5.38 billion the Databank is alleging to have made
as the full refund of the original purchase price is,
indeed, the equivalent of $619, 034 which is
"woefully short of the original trust investment of
$2.24 million by as much as $1,625 million.
The source said upon consultations with its external
solicitors it was decided that at this point, the
payment which Databank made constitutes part
payment of the amount due and should thus be
placed in an interest bearing Escrow Account, until
the issues have been fully sorted out.
"This stance, the source stressed, is being taken so
as not to prejudice our stated right to full restitution
of the original investments of $2.24 (¢5.38 billion)
in February, 1999.
GRi…/
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summy addo 9 years ago

ILLEGAL SCALE ADJUSTMENT BY LICENSED COCOA BUYING COMPANIES AND THEIR AGENTS IS A MAJOR PROBLEM FACING COCOA FARMERS IN GHANA

ILLEGAL SCALE ADJUSTMENT BY LICENSED COCOA BUYING COMPANIES AND THEIR AGENTS IS A MAJOR PROBLEM FACING COCOA FARMERS IN GHANA
Osei Yao 9 years ago

THE MOST SENSIBLE THING I HAVE READ ON THESE PAGES FOR A LONG TIME AND LOOK HOW MANY PEOPLE HAVE READ AND COMMENTED ON IT. CARRY ON, DON'T GET DISHEARTENED.

THE MOST SENSIBLE THING I HAVE READ ON THESE PAGES FOR A LONG TIME AND LOOK HOW MANY PEOPLE HAVE READ AND COMMENTED ON IT. CARRY ON, DON'T GET DISHEARTENED.

Let’s expose the corrupt "missing middle" – Esi Ansah

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