27.1.07

Commercial activities halt as Ga Traditional Area mourns Overlord

Commercial activities came to a standstill in the Accra Metropolis on Saturday as the Ga Traditional Area was mourning their Overlord, Boni Nii Amugi II, who died two years ago. A survey conducted by the Ghana News Agency at Dansoman, Kaneshie, Teshie, Osu, Adabraka and the Central Business District of Accra revealed that almost all shops, markets and drinking spots had been closed, while the normal human and vehicular traffic was absent.



Kwame Abotsi, a driver at the Accra-Tema Station bus terminal said the funeral had affected his business. “I have not made any money today and this is not normal on a Saturday,” he said. Most passengers at the terminal said it took a long time before the “trotro” commuter buses got full to transport them to their destinations. One Emmanuel Fletcher, a retired Civil Servant, said the quietness in Accra on Saturday was not only enjoyable but showed the great respect the people had for Nii Amugi, whose reign was very peaceful.





Some shop owners in the Central Business District, who were interviewed by the GNA in front of their closed shops, said although they were counting their financial losses, it was also good they did not engage in any commercial activity to give an opportunity for criminals to come and loot their goods. Naa Aduquaye, a drinking bar operator at Osu, said she hoped business would pick up in the night so that she could make some money for the day.GNA

Black Stars World Cup Account - Financial Disaster




The Black Stars' sensational World Cup campaign, from the qualification series to the final showdown in Germany, has left in its trail a huge financial disaster.

Beyond the glamour and the fame engendered during the tournament was a huge loss of nearly ¢40 billion purported to have been committed into efforts qualifying for the tournament and participation in Germany 2006.

At a GFA Executive Committee meeting in Accra recently, it was revealed that Ghana's qualification and participation cost the goverment in excess of ¢63 billion.
Graphic Sports investigations have, however, revealed that out of the $4.5 million that FIFA paid to the GFA, $2.5 million had been paid to the Ministry of Education, Science and Sports, with the FA itself settling for an amount of $1.6 million.

The remaining $400,000 allegedly went into the payment of bonuses for the players and officials.
FIFA's own regulations governing the World Cup stipulate that the financial largesse it makes available to participating nations as appearance fees should be paid back to the authorities that commit funds for ensuring qualification and participation, to enable them plough back their funds.
Thus, in Africa where Football Associations are impoverished, the governments which often take the responsibility of sponsoring national teams for their World Cup campaigns largely become the ultimate beneficiaries of FIFA�s world cup appearance fees.Ghana's qualification and appearance at the second round earned the FA a total of 5.5million euros about ($6 million).But out of the amount FIFA made deductions to cover expenses for the upkeep of the contingent whilst in Germany and fines which, sources revealed, came up to a frightening $12,000.
Apart from several yellow cards attracted by the Stars during the tournament, the red card attracted by Asamoah Gyan in the match against the Czech Republic, and the expulsion of Coach Ratomir Dujkovic in the Stars-Brazil game during recess, were said to have contributed immensely to the huge fines.The GFA, according to official sources, entered into an agreement with the Ministry of Education and Sports to pay back all government pre-finances from what it would earn from FIFA.And true to that the FA paid the $2.5million to the Sports Ministry after what sources described as an intense haggle.
Meanwhile, sources at the Executive Committee of the F A claim that after nearly six months after the World Cup, the Executive Committee is yet to be furnished with the financial details of the campaign, resulting in some discordant voices being heard at their last meeting over the disbursment of the funds that accrued from the World Cup without the committee's approval.
The Committee is also said to be demanding full income and expenditure accounts of all monies contributed by corporate institutions, those earned from pre and post- World Cup international friendly matches of the Black Stars and total expenditure on bonuses during the World Cup.But the Emergency Committee of the FA, according to authentic sources assured that an audited account would soon be presented as soon as the auditors completed their work.
Source:Graphic

25.1.07

It's good to be back home - Busumuru Annan

"It's good to be back at home" was Busumuru Dr Kofi Atta Annan's opening statement when he mounted the podium to deliver the first of the Golden Jubilee Lecture Series on: "Championing African Excellence".



It was his first speaking engagement since retiring after 40 years of service at the United Nations (UN), 10 of which he was the Secretary-General. "I intended to retire to a quiet and peaceful civilian life but when your President calls you to duty you can only say it's an honour Sir to be at your service", Busumuru Annan declared amidst a loud laughter from the audience, which included President John Agyekum Kufuor and his wife Theresa; Vice President Alhaji Aliu Mahama, Mr Begyina Sakyi-Huges, Speaker of Parliament; Members of the Council of State; Ministers of State, Members of Parliament (MPs), Members of the Diplomatic Corps, Traditional and Religious Leaders and people from all walks of life.




Busumuru Annan declared that he was proud to return home and to address Ghanaians not in his capacity as a world leader but as a private Ghanaian citizen, who left Ghana to join the UN at the time when Osagyefo Dr Kwame Nkrumah was still President of Ghana and the Kwame Nkrumah University of Science and Technology (KNUST) was Kumasi College of Science and Technology (KCST). When he turned his attention to his lecture notes, he was straight to the point, punchy, fluent and brief.




Even though at the start the audience got the impression that the lecture was going to be long, Busumuru Annan delivered a brilliant and loaded lecture, which attracted a standing ovation at the end, in less than 30 minutes.




















Mr Alban Sumani Bagbin, the Minority Leader in Parliament, said the lecture was a masterpiece delivered in the most excellent English that one could ever imagine.







"Although at the start of the lecture one got the impression that it was going to be long, it ended up being very brief but loaded and I hope everybody there understood everything he said." Mr Bagbin, however, complained about what he described as “selective invitation” the Government threw to members of the opposition to Ghana@50 programmes, and said Ghana@50 was not NPP@50 and that all political parties in Parliament needed to be invited to be part of the initiation, planning and implementation of programmes to give the celebrations a national character instead of one party character.


Mr George Opesika Aggudey, Convention People’s Party (CPP) Flag Bearer for Election 2004, described Busumuru Annan as a symbol of national unity, saying that all leaders of political parties needed to rally around him and his brilliant ideas to move the country forward. "Ghana is bigger than any political party and (Busumuru)Kofi Annan has just told us that in the simplest of languages - we need to put our differences aside and feed on his ideas for development," he said.




Dr Edward Mahama, Leader of the People’s National Convention (PNC), said Busumuru Annan was a calm and humble gentleman but firm in his convictions "and I believe that we can see another Kwame Nkrumah in (Busumuru) Kofi Annan - this should give us the hope that the spirit of Kwame Nkrumah lives on in sons of the nation like Kofi Annan and others".

24.1.07

Ghana needs Busumuru Annan's advice - Rawlings

Former President Jerry John Rawlings on Wednesday appealed to Busumuru Kofi Annan, Immediate-Past United Nations Secretary-General, to observe the country's political scene and offer his advice. Former President made the appeal when Busumuru Annan paid a courtesy call on him at his residence in Accra about 1400 hours after his arrival home.
Busumuru Annan had served the UN for 40 years out which he was Secretary-General of the world body for 10 years. Former President Rawlings asked Busumuru Annan to bring his expertise and knowledge to bear on the development of the country and to join to straighten the course of peace and stability.
Former President Rawlings told Mr Annan: "We are happy about the reception the Government has given you and that of the people of Ghana." Busumuru Annan said he was happy to be home after years of service to the UN and acknowledged the reception accorded him by the good people of Ghana. He commended Former President Rawlings for the leadership he provided the country and said both of them served humanity but in different capacities.
Busumuru Annan further called for a concerted effort by the Government, the opposition parties and civil society to help to build a better Ghana. With the Former President Rawlings were Professor John Evans Atta Mills, Former Vice President and Flag bearer of the opposition National Democratic Congress for Election 2008 and Mrs Mary Grant, a Former Member of the Council of State. Professor Mills also expressed joy at the homecoming of Busumuru Annan describing him as a man of knowledge and high sense of duty, worthy of honour.
He urged Busumuru Annan to exhibit his courage to right the wrongs of the Ghanaian society by speaking the truth. Mrs Mary Grant, who said Busumuru Annan was her nephew, described him as the pride of the family and traced his success to the training he acquired as a Ghanaian and an African.GNA

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...