22.12.06

Cocaine Bust At Tema

A joint team of security agencies from Accra and Tema yesterday arrested three persons over their alleged role in the importation of over 15 slabs of a substance which tested positive for cocaine. The slabs of cocaine were found in a traveling duffel bag on top of 4000 boxes of yoghurt.
The operation led by ASP Adamu Seidu was undertaken by the Criminal Investigations Department (CID), the Ministry of National Security, the Narcotic Control Board (NACOB) and the Customs, Excise and Preventive Service (CEPS).The three suspects are Michael Ayacht, a Greek national who is Managing Director of Market Direct, the company which imported the container, Mohammed Salami, a Lebanese and a certain Isaac Quansah, a clearing agent.
Market Direct, is an affiliated company to CCTC, a rice-importing conglomerate off Spintex Road in Accra.The substance, weighing 19.9 kilos with a street value of $17,000, was concealed in a 40-footer container with registration number 6646380 belonging to the shipping magnate, Mersk Line.
According to a security source, the substance was tested in the presence of the suspects and found to be narcotic drugs, after which the substance and the suspects were transferred to the Police Headquarters where they are being held.Daily Guide learnt yesterday that the security agencies had been on heightened alert after a tip-off that a vessel was approaching Ghana from Peru in Central America with illicit substance on board.
A source close to Market Direct has however denied that the substance found in the container belonged to the company.Speaking exclusively to the paper yesterday on the breaking news, the source said the allegations were part of attempts to tarnish the hard-won reputation of the company. He noted that the Group had been under attack for the last quarter of this year and they were even currently in court with a media house that had published a false story about them.
He clarified further that Market Direct Ltd most often imported all its goods through the internet, and the managing director under investigations does not even go to the port for clearance. As a matter of fact, yesterday was the first time the Managing Director went to the port when he was invited by the security agencies. As company policy, he defended, all goods were handled solely by the clearing agent and if Michael wanted to import an illicit item alongside the company's goods, he would likely have gone to the port himself.“The Managing Director does not even know the supplier, Messrs Trading Company in person because all transactions have been via the internet.
Details of all his transactions and communications with the supplier in question are available for all to see on his PC.”Narrating the sequence of events, the sources said yesterday, Michael was invited to the port by the security officers and Customs.
He went there boldly and willingly. Had he known about this item in the container, Michael would have run away immediately he heard that he was wanted at the port. He would not have gone there.Accompanied by other officials of the company to Tema, they were shown a container loaded with their legitimate goods, but seated on the top of a stack of yoghourt was a traveling bag.
The bag was the first thing one saw immediately one opened the container, he said, challenging, why was it not hidden but rather exposed like that? This is a complete frame-up, he concluded.The customs officials alleged however that the bag contained an illicit product and upon examination, was found to be cocaine.
The defender of Market Direct said they were shocked because ever since they’d been doing business in Ghana over for 10 years now, distributing their products throughout Africa, they had never been confronted with such a problem.“The value of the cocaine they said was $17,000 in Ghana, while Finatrade Foundation, a charitable wing of the company, had over ¢3 billion provided annually for charitable services.
Out of this it doles out scholarships to about 66 University students in Ghana,” he disclosed.

21.12.06

ECOWAS Summit postponed

The annual ECOWAS Heads of State and Government Summit that was scheduled for Friday December 22nd 2006 in Ougadougu Borkina Faso has been postponed for security reasons.
This followed a gun battle between some police and military personnel in that country during the greater part of yesterday, Wednesday December 20 2006.Nana Addo Dankwa Akuffo Addo Minister of Foreign Affairs, who had earlier attended the Ministerial Session of the Summit told newsmen on arrival at the Kotoka International Airport that details of the conflict were not immediately available.
He said by his knowledge news of a soldier, who allegedly died after being arrested by police personnel sparked the violence.The Foreign Minister said the Summit, which would have been the last to be held under the old ECOWAS organization, was expected to come off early next year. ECOWAS has now been transformed from an Executive Secretariat to a Commission.
Ms. Shirley Ayorkor Botwe, Deputy Minister of Foreign Affairs and some officials of the Foreign Ministry accompanied Nana Akuffo Addo.

NDC emerge united after congress

The National Democratic Congress (NDC) on Thursday ended its National Delegates' Congress, celebrating the unity of the party and not Professor John Evans Atta Mills' victory as the party's presidential candidate for Election 2008.
Prior to the official announcement of the results by the Electoral Commission and the subsequent declaration of Prof. Mills as the winner, Mr. Haruna Iddrisu, National Youth Organiser of the party, said there was an instruction from the Founder of the party, former President Jerry John Rawlings and Prof.
Mills that delegates should minimise their celebration. At the time, it was obvious that Prof. Mills was about to win but he preferred a celebration of the party's victory to a celebration of his victory. It was all hugs and handshakes among the four contestants when Prof. Mills was finally declared the flagbearer of the party for Election 2008.Indeed, when he took his turn after the other three losing contestants, Alhaji Mahama Iddrisu, Dr. Ekwow Spio-Garbrah and Mr. Eddie Anang, he was flanked by all three of them. He declared "this is a victory for all the four of us and for the NDC."
As leader of the party, he declared all campaign teams of the losing contestants dissolved and converted them into one campaign team with all the four of them as campaign managers. They all held their hands and raised them up amidst cheers by the party supporters, a gesture that perfectly depicted the theme for the congress - Unity for Victory 2008.
During the speeches by the three losing candidates, Flt. Lt. Rawlings, who took a seat at the front row among the delegates, kept nodding in approval of the display of maturity and unity. The General Secretary of the party, Mr. Johnson Asiedu-Nketiah, a.k.a. General Mosquito, was also spotted sitting among that delegates, sweating profusely when the votes were being counted.
In what analysts have described as vigilant self-monitoring, the party employed not just the police but also several party members to maintain security at the congress premises. They did that effectively as they ensured that anyone who did not have accreditation to be at the congress premises was kept at bay.
There was absolute peace and stability at the congress grounds with pockets of arguments about who was a preferred candidate and who was not.Delegates and members of the party left the congress ground amidst dancing and singing to the tune of the party's anthem "Arise NDC".
Source:GNA

Prof Mills wins NDC presidential slot hands down

Professor John Evans Atta Mills, former Vice President, on Thursday polled 1,362 votes, representing 81.4 percent of the total vote caste, to win the National Democratic Congress (NDC) presidential slot for Elections 2008.
Dr Ekow Spio-Garbrah, a former Minister of Education, polled 146 votes representing 8.7 percent, Alhaji Mahama Iddrisu, a former Minister of Defence, had 137 votes representing 8.2 percent and Mr Eddie Annan, a businessman, got 28 votes representing 1.7 percent. Prof Mills contested Elections 2000 and 2004 on the ticket of the NDC as its presidential candidate and lost to the New Patriot Party's then candidate John Agyekum Kufuor.
Declaring the results at the end of four hours of voting and counting the Deputy Chairman of the Electoral Commission, Mr Kwadwo Sarfo Kantanka, said with the result, Prof Mills stood dully elected as NDC Presidential Candidates for Elections 2008.
Amidst drumming and dancing, the four aspirants embraced each other and this drew deafening applause and shouts of NDC slogans. Prof Mills declared that the victory was for the party and the other candidates and assured them that they would form the core of his campaign team.
"The victory is the fulfillment of our quest to win back power from the New Patriotic Party (NPP) in the 2008 general elections." Prof Mills said his victory was a manifestation of the people's choice, a success for the party and not a personal achievement. He said the successful election of a flag-bearer for the NDC was just the first phase of the struggle to win back power.
"The party needs unity, truth and dedication to increase its strength for the Elections 2008. Members of the NDC have spoken. They have sent a message to the NPP that we are ready to engage in a serious battle. Everybody must get on board. Let's forgive and forget and build the party."
Prof Mills called on the NDC to be more committed and vibrant and thanked the founding fathers, the Council of Elders and his wife Naadu for assisting in ensuring a successful congress.All the defeated aspirants pledged their total support for the cause of the NDC.
"We will not leave the NDC, we will not form a new party, we have no other party other than the NDC," they said. Dr Spio-Garbrah, Alhaji Iddrisu and Mr Annan congratulated Prof Mills for the victory that they described as free, fair, transparent and representing the wishes of the party and Ghanaians.
Source:GNA

20.12.06

Another Kofi Annan Witch Hunt?

He not only lives rent-free on one of New York's swankiest blocks, but outgoing UN head Kofi Annan also got a subsidized apartment after first arriving in the city, it was revealed yesterday. Annan, then a Ghanaian official with the United Nations, moved into the Roosevelt Island flat in 1978 under the state's Mitchell-Lama program, which helps low- and moderate-income New Yorkers find housing.


And in a twist most New Yorkers would envy, the three-bedroom unit passed to his brother's family when Annan became UN secretary general in 1997 and moved to a brownstone on Sutton Place.



"I think you know that my brother lived there, so I don't think I can say any more about that," Annan said yesterday.
The apartment is now a home to Kobina Annan, who is Ghana's ambassador to Morocco, and Kobina Annan's wife and son.



Over the past 10 years, the subsidy could total well over $100,000, according to a tally in The New York Sun, which disclosed the Annans' sweet deal in yesterday's edition.
Peter Moses, a spokesman for the state Division of Housing and Community Renewal, which administers the Mitchell-Lama program, said it's agency policy not to comment on tenants.
But, he said, "In order for someone to initially occupy a Mitchell-Lama apartment, they have to fall within Mitchell-Lama guidelines."



Moses added that in 1997, regulations would have allowed Annan's brother to claim succession rights if they had jointly occupied the apartment, which they say they did.
Kofi Annan held onto the apartment even after marrying Nane Lagergren, who comes from a wealthy Swedish family, in 1984.



A UN spokesman said, "During his many years in New York he has always been a law-abiding resident." Kofi Annan Sidesteps Questions About Roosevelt Island ApartmentUNITED NATIONS (The SUN) — In his last U.N. press conference, Secretary-General Annan yesterday sidestepped a question about how the lease of a sought-after low-income residence he once lived in came to be held by a member of his family. State and city legislators have expressed outrage over the Annan family's use of the Roosevelt Island apartment — which Mr. Annan lived in before becoming U.N. secretary-general 10 years ago — calling it "corrupt" and "unreal."




Although much of Roosevelt Island is dedicated to low- and middle-income housing, many of its current residents are U.N. employees or foreign diplomats. Among them is a recent influx of North Korean diplomats, who have been seen on the island in cars bearing official emblems of the communist state.




Mr. Annan indicated yesterday that since he no longer lives in the Roosevelt Island apartment, he has nothing to do with it. He did, however, confirm that his brother lives there. The brother, Kobina Annan, is Ghana's ambassador to Morocco.



"I know that my spokesman answered the thing," Mr. Annan told The New York Sun at his press conference yesterday. "I do not hold the lease on an apartment or own an apartment on the island, and I think you know that my brother lives there."Mayor Bloomberg, who has had friendly relations with the secretary-general, said yesterday that he had "no idea whether Kofi Annan's brother is living there or what the terms of him living there are, if he's living there. So I really just don't know."



As Claudia Rosett reported in the Sun yesterday, Mr. Annan moved out of the apartment in the federally subsidized building in the mid-1990s, but his brother's wife, Ekua Annan, says she now holds the lease.



The Sun sent a list of detailed questions about the apartment for yesterday's article, but Mr. Annan's spokesman, Stephane Dujarric, limited his response to two blanket statements.The outgoing secretary-general "has always lived within his means,"Mr. Dujarric said, and during his many years in New York, Mr. Annan "has always been a law-abiding resident."
The explanation was not sufficient for some New York legislators.



"You figure with all the illegal oil deals, you think the Annan family would have the courtesy of paying for market rate housing," City Council Member James Oddo, a Republican of Staten Island, said."It is unreal.Just put it on New York's tab, with unpaid diplomatic parking tickets," he added, saying the affair involving Mr. Annan is "just another reason to bid him a fond adieu."
State Senator Martin Golden, a Republican of Brooklyn, compared the Annans' Roosevelt Island residence to the oil-for-food scandal, saying the continued use of the apartment is typical of Mr. Annan's "fiefdom"and "the culture that has been accepted within his family for years."



"I have never seen anything as corrupt as this," Mr. Golden said. "If this was an American corporation, these people would be taken off in cuffs."Mr. Annan and his family have been embroiled in several scandals during his tenure as secretary-general; at the press conference yesterday, Mr. Dujarric also shielded him from a reporter who was planning to ask about the use of Mr. Annan's name to purchase a Mercedes-Benz, reportedly for his son Kojo.



Yesterday's snub of the reporter, James Bone of the London Times, attracted some attention, as Mr. Annan's tongue lashing of Mr. Bone at a previous press conference made international headlines and was included in a recent biography of the secretary-general."I am flattered," Mr. Bone said later. "He obviously doesn't want to take my still-unanswered questions about the Mercedes."



Asked yesterday if he had any personal regrets about his 10-year tenure, Mr. Annan said, "I think I'll pass on that one."
Source:The Sun

NDC Holds Congress On Thursday

Ghana’s main opposition national Democratic Congress (NDC) will tomorrow Thursday hold its delegate congress to elect a presidential candidate for next year’s general elections. About three hundred and fifty international and local observers have been invited to monitor the elections at the congress. The party said the presence of the observers would give credence to its promise to adhere to international democratic values.Kwabena Adjei is the chairman of the (NDC). He said the party is growing stronger, especially with multiple presidential aspirants.“This year we have four candidates and we’ve given them guidelines as to how to go about their various campaigns prior to the congress on Thursday…. We have established an inter-aspirants committee to try to ensure that internally the NDC has as little problem as possible,” he said.Adjei said the party recently brought the four presidential hopefuls together to talk to members of the party; something he said was unheard of in the party.“We held a family meeting last Tuesday where we introduced our candidate to the electorate. They came and talked to the people not in a debate form but each one of them tried to state clearly what their visions and missions are as they relate to the party’s vision and political philosophy. After that there was a rally and everything went well,” Adjei noted.He said though the party has had a checkered past, plans are afoot to change the negative perception of the party.“We are a growing organization and initially we had to manage the party and our membership. So we are gradually democratizing. So we have taken advantage of various criticisms from other political parties, from the media and so on. But in doing that, we have not allowed ourselves to be dictated to until the time has come when we think that we must do the right thing and that is what we are doing,” he said.Adjei said any of the presidential hopefuls are capable of wrestling power from the ruling New Patriotic party (NPP).“Sure, who ever emerges, we the NDC and the structure that we have put in place would be mobilized fully for that person to wrestle power from the NPP. Resource or no resource we will wrestle that power,” he said.Adjei accused the ruling party of trying to create a bad image for the NDC. But he said the party has taken precaution to prevent that.“We have put our security on the ground based on the intelligence we have gathered from the grounds about what the NPP wants to do again in order to consolidate the labeling that we are a violent and an eternally undemocratic party. It won’t happen this time,” Adjei said.
Source:VOA

19.12.06

International Reserves Crosses $2 Billion Mark

Ghana’s international reserves crossed the $2 billion mark for the first time in the economic history of the country at the end of October 2006.“These reserves are enough to cover 3.5 months of imports of goods and services,” the Governor of the Bank of Ghana (BoG), Dr Paul Acquah, has said.Dr Acquah, who was speaking at a press conference of the Monetary Policy Committee (MPC) of the BoG, said the external payments position was robust, with a reduced current account deficit in 2006 and a further build-up of gross international reserves.He said private inward transfers attributable to non-governmental organisations, embassies, service providers, individuals, among others, and channelled through the banks and finance companies from January to October 2006 amounted to $4.79 billion.He said that represented a 25.9 per cent increase over what was recorded for the corresponding period of 2005. Of the total transfers in the period, $1.22 billion (about 25 per cent) accrued to individuals, compared with 30.6 per cent over the same period in 2005.He said the foreign exchange market also saw an increased volume of activity during the year and reduced volatility in the market.He disclosed that the purchases and sale of foreign exchange by banks and forex bureaux in the 11-month period to November 2006 amounted to $6.01 billion, an increase of 13.9 per cent over the same period in 2005, and stated that the volume of dollar transactions dominated the market, accounting for some 80.4 per cent in the month of November, with the pound sterling at 7.3 per cent and the euro at 12.3 per cent.Measuring the cedi against international currencies, the governor said the cedi remained relatively stable against the US dollar during the year, explaining that cumulatively the cedi depreciated against the dollar by 1.1 per cent.He said the cedi depreciated much more against the euro by 12.2 per cent and the pound sterling by 14.2 per cent for the period January to November 2006.“This compares with a depreciation of 0.6 per cent against the US dollar and an appreciation of 14.3 per cent and 10.5 per cent respectively against the euro and the pound sterling in the same period a year earlier,” he said.He said in trade weighted terms, the cedi appreciated cumulatively by 1.1 per cent for the period January to October 2006 and by 5.2 per cent in foreign exchange weighted terms.On the issue of imports during the period under review, Dr Acquah said strong domestic demand reflected in a strong import growth and that amounted to $5,414.80 million in total imports for the period January to October 2006.That, he explained, represented an increase of 27.2 per cent, compared with a total import bill of $4,255.76 million for the same period in 2005.Non-oil imports amounted to $4,202.86 million, an increase of 23.0 per cent over the $3,416.30 million recorded for the same period in 2005.Consumption goods imported, he said, were estimated at $966.3 million, an increase of 17 per cent over the previous year’s level of $826.1 million.Capital goods imports, on the other hand, amounted to $873.5 million, representing a 22 per cent increase over the amount for the same period in 2005.Intermediate goods imports were estimated to be $3,213.0 million, compared with $2,404.0 million in 2005. Of these amounts, fuel and lubricants accounted for $1,164.47 million and $839.48 in 2006 and 2005 respectively, with the increase reflecting mostly in the rise in oil prices on the international market.These developments, Dr Acquah explained, resulted in a trade deficit of $1,871.56 million for the period up to October 2006 but stated that the current account turned in a reduced deficit of $45.6 million, compared with a deficit of $581.7 million recorded in 2005.He said the overall balance of payments recorded a deficit of $111.04 million, compared with a deficit of $195.29 million recorded for the corresponding period in 2005.He said provisional estimates indicated an overall surplus of $406.73 million for the year, bolstered by the seasonal inflows of cocoa proceeds.
Source:Graphic

Ghana is back on track with investment opportunities - Veep woos foreign investors

Accra, June 6, GNA-Vice President Mahamudu Bawumia says Ghana's economic opportunities for private sector investors are back on track as...