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Black Stars budget will be made known in Qatar

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Sports Minister, Mustapha Ussif
Sports Minister, Mustapha Ussif

Youth and Sports Minister, Mustapha Ussif, has said the incentives and other bonuses of the Black Stars will be made public when the team lands in Qatar for the 2022 World Cup.

The packages and budget for the team ahead of the Mundial is yet to be made known by the Ghana Football Association [GFA] and the Sports Ministry.

However, Hon. Ussif, speaking in an interview, shared that negotiations have been held with the players and a budget has been made available to cater for the team’s needs throughout the tournament.

According to him, the Black Stars’ bonuses will remain the same as what they received in Brazil eight years ago due to the current economic situation in the country.

“We have negotiated with the Black Stars on all their incentives as far as this World Cup is concerned but once we get to the tournament, we will make it public to Ghanaians,” Mr Ussif said during the Walk of the Legends event over the weekend.

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“Everybody will know how much the Black Stars are going to take. What we have indicated to them is that we are not going to increase what they had in Brazil, so whatever they had in Brazil stays because of the current economic circumstances.

“We have budgeted for the entire tournament, and where we are going to reach will determine how much we are going to spend, so until we finish the tournament we can’t tell you how much we’re going to spend. But we have a budget estimated for the entire tournament.”

Ghana will face a difficult test in Qatar, having been paired alongside Portugal, Uruguay, and South Korea in Group H.

The Black Stars will open the tournament against Cristiano Ronaldo and co. before taking on South Korea and will close the group with a clash against Uruguay.

It will be recalled that Ghana’s participation in the 2014 World Cup was blighted by issues of delayed bonuses, with players even threatening a boycott before the country’s final group game against Portugal.

There was also an episode where players clashed with management members and coaches, as the team crashed out at the group stages in Brazil.

Ghana will open camp on November 10 at Abu Dhabi and will take on Switzerland in their final preparatory game on November 17.

CardinalStone Capital Advisers Invests $6m in AfyA Care

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Femi Ogunjimi -Founding Partner CCA

West African private equity fund manager, CardinalStone Capital Advisers (CCA), has announced a $6 million investment in AfyA Care as part of the company’s Series A capital raise.

AfyA Care is a healthcare group providing integrated healthcare services including hospital care, health insurance and health technology services in Nigeria.

The investment reflects CCA’s strategy of backing high-potential growth businesses with the ability to positively impact communities, and to deliver sustained attractive returns to investors.

The healthcare market in Nigeria is grossly underserved with a patient to bed ratio of 2,000:1 compared to peer average of 1,000:1, and a low health insurance penetration below 5%, according to an EY report.

AfyA Care is positioned to exploit these market opportunities by first consolidating the Lagos market and then expanding to key cities in Nigeria and West Africa over the next five years.  

The company will use the funding to improve its experienced talent bench, grow its hospital brands, scale its Health Maintenance Organisation (HMO) and proprietary health tech solutions to transform healthcare delivery in Nigeria and beyond.

Commenting on the investment, Femi Ogunjimi, Partner, CardinalStone Capital Advisers, says: “We are always keen to partner with companies that have proven the capacity to disrupt and transform industries.

Given the significant gaps in healthcare provision in Nigeria as well as sub-Saharan Africa more broadly, it was important to collaborate with people who deeply understand the industry, the urgency and scale of the problem, and are well-equipped to put in the work to deliver the results.

We look forward to supporting the team at AfyA Care as they seek to build a healthcare ecosystem for diverse segments of the market and are excited to see where AfyA Care goes in five years.”  

Founded in 2019, AfyA Care invests in healthcare assets in Nigeria, with a vision to make healthcare more accessible and affordable.

Targeting low-mid and mid-high-end hospitals, health insurance and health tech companies, AfyA Care is building vertically integrated healthcare institutions and optimising delivery models that serve its target market segments through the aggregation of hospital capacity and demand.

The company has a portfolio of hospitals with 215 beds under the R-Jolad Hospital brand to serve its low-to-mid market consumers. It is also developing a 140-bed hospital under its proposed Oakwood Medical Centre brand to cater to the mid-high-end market.

Speaking on the new partnership with CCA, Tosin Runsewe, CEO of AfyA Care, says, “We are delighted to announce our partnership with CardinalStone Capital Advisers. CCA has been instrumental, not only in securing the funding to build capacity, but also in lending their expertise to execute the vision for AfyA Care.

”Our plans for expansion are supported by decades of expertise across industries, and we are excited to be working with a firm that supports our vision to transform the future of healthcare in Nigeria and beyond.”

Other brands currently under AfyA Care’s management include health providers like EROM Diagnostics, Octosoft (health-tech) and Bastion HMO (health insurance).

This investment in AfyA Care is the fourth by CCA from its $64 million CCA Growth Fund (CCAGF), which targets growth-stage SMEs in Nigeria and Ghana. Other companies in its portfolio include i-Fitness, Appzone and Quality Foods Africa.

‘Nobody Dey’ by Rison from Nektunez studios hits streaming platforms

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US-based Ghanaian Afrobeats sensation, Rison has released his latest single “Nobody Dey” to thrill music fans the world over.

The song touches on the issues of love and trust in relationships.

Produced by recent Konvict Kulture signee, Nektunez, ‘Nobody Dey’ encompasses the work of two great Afrobeats talents.

It has resonated well with music lovers who almost immediately fall in love with the tune after listening.

Some industry players who have already had the pleasure of listening to the song have praised the track with some comments.

MC Coaches of Starbuzz Media LLC remarked the “vocal abilities of Rison as world-class while praising the Nobody Dey song as one of the best afro beats records this year”

Two Terty (@Aboa Banku) a Social Media influencer and a member of AMG said “Rison is really good and his tracks are dope, I just dey feel the track

Quables, the founder and team leader for the DWP Dance Academy and a music producer described the song as “absolutely mind-blowing and tipped Rison as an artiste to watch out for”

The song is currently streaming on all music platforms including Boomplay, Apple , Spotify, Audiomack, and Deezer.

Rison born Anthony Enyie Okai is a Ghanaian-Nigerian recording artist, songwriter and performer.

His vocal prowess has been taunted by critics as the next big thing.

He recently landed a mouth-watering management deal with USA-based Ghanaian-owned record label, Cash Records.

Listen to ‘Nobody Dey’.

lovers and fans can also stay up to date with Rison by following him on social media Twitter: @RisonOfficial, Intagram: RisonOfficial, Facebook: RisonMusic

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

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Govt making super normal profit from Russia-Ukraine war – Minority alleges

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John Abu Jinapor addressing the press conference

John Abu Jinapor addressing the press conference

The Minority in Parliament has alleged that government is making super normal profit from the Russia-Ukraine war and not the case that the war is having a negative impact on the Ghanaian economy. 

Minority’s Spokesperson on Energy and Member of Parliament (MP) for Yapei-Kusawgu Constituency, John Abu Jinapor, told a press conference on Wednesday in Parliamentary that in the 2022 budget, government projected to receive GH¢6 billion from the petroleum resources for the year but in less than three months, it has received over GH¢8 billion.

“So in three months, government has received more than it has projected for the whole year,” he said, attributing the figures to a report by the Public Interest and Accountability Committee (PIAC), as well as reports by the Ministry of Finance. 

The former Energy minister said fuel prices in Ghana has increased by 300 per cent in less than one year from an initial GH¢6.5 per a litre at the beginning of this year.

“Ladies and gentlemen, it is sad to say that fuel is more costly even more than the minimum wage,” Mr Jinapor said.

Stabilisation levy

He further alleged that even the Price Stabilisation and Recovery Levy which was supposed to be used to subsidise fuel and cushion Ghanaians against the astronomical rising of fuel prices has not materialised.

He said government projected that in the first and second quarters of the year, it will receive GH¢269 million “but as we speak and from the Minister of Finance’s own record, it has received GH¢ 800 million.”

“So, this notion that government is not making money is a fallacy and a complete falsehood,” Mr Jinapor pointed out.

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The Minority has, therefore, called on President Nana Addo Dankwa Akufo Addo and the Finance Minister, Ken Ofori-Atta, to do something about the constant rising of fuel prices to cushion Ghanaians.

“They should sit up and think outside the box and apply this huge super normal profit to cushion the ordinary Ghanaian,” he said.

For him, the cascading effects of the rising prices of fuel was having a dire consequences on almost every things, particularly food items, hence making life unbearable for the ordinary Ghanaian. 

“The President said he was going to give us cheaper fuel from where? And strangely, he did not give any timelines. He must provide a practical solution to the country’s challenges,” Mr Jinapor noted.

“The nation is going through difficult times. Indeed, some have said we are in a deep hole but I think we are in a galley,” the NDC’s spokesperson on Energy observed.

TRENDING: Plantains Left To Rot – VIDEO | Social

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TRENDING: Plantains Have Left To Rot – VIDEO

 

 

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Ghana’s inflation rate is 148% – Professor Hanke

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A Professor of Applied Economics at Johns Hopkins University, Professor Steve H. Hanke, has pegged Ghana’s inflation rate at 148%.

This is against the current inflation rate (September 2022) of 37.2%.

Reacting to President Akufo-Addo’s speech about reviving the ailing economy, the American Economist who is a hard critic of the country described the President address as “dreaming”.

In a tweet, Professor Hanke said “President Akufo-Addo says he has total confidence in his ability to save Ghana’s economy. SPOILER ALERT: he is dreaming. Today I measure Ghana’s inflation at 148 % year-on-year”.

Ghana’s inflation rate is 148% - Professor Hanke

He added that without a currency board like the Gold Coast (1913-1958), Ghana’s economy will stay in the tank.

Meanwhile, prices of some commodities, particularly, rice and cooking oil have shot up by more than 10 percent since January 1, 2022.

Prices of petroleum products have also surged by over 150% since January 1, 2022.

DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.

Oprah Winfrey Warns Fans Over Weight Loss Pills

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Oprah Winfrey

 

Oprah Winfrey is warning fans against falling victim to companies selling weight loss products using her name and image.

On Sunday, the 68-year-old former talk show host and media mogul took to Instagram to distance herself from gummies being sold online, saying she does not endorse edible weight loss products.

In the short video, Winfrey said she felt compelled to address the online scams after being approached five times in one week by people looking for weight loss gummies.

“I have nothing to do with weight loss gummies or diet pills, and I don’t want you all taken advantage of by people misusing my name,” she told her 21.6 million Instagram followers.

Winfrey, who does have a partnership with and stake in WW International, the company formerly known as Weight Watchers, added in the video caption: “Fraud alert! Please don’t buy any weight loss gummies with my picture or name on them.

“There have been social media ads, emails, and fake websites going out and I want you to hear straight from me, that I have nothing to do with them. Please don’t be taken advantage of and don’t give your personal information to them.”

Earlier this year, a series of sponsored videos began circulating online using Winfrey’s name and likeness to promote a product.

One ad posted on Facebook on April 27 urged users to “Claim your fitness gummies from Oprah until the 30th,” with a promise that the product would induce considerable weight loss within three weeks.

In May, Winfrey addressed the scams via her representative.

“These ads are a complete fabrication,” Nicole Nichols told USA Today. “Oprah has nothing to do with this gummy product and does not endorse any such diet or weight-loss pill.”

Winfrey has publicly shared her weight loss journey for years and famously declared “I love bread” in a Weight Watchers commercial back in 2016.

“Are You Justifying Taking A Special Chair Into A Radio Studio” -Randy Abbey Questions Govt Staffer

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Under this particular administration, certain things have been normalized and the carrying of a presidential seat in a separate Lexus or V8 vehicle is nothing to sneeze at. Irrespective of the distance the vehicle travels or the fuel it consumes, the chair is transported to every event the president attends with a police escort.

Many simply can’t wrap their heads around this issue and Randy Abbey the morning show host of “Good Morning Ghana,” has raised some concerns. The gentleman was baffled at the answers given by the representative of the government who tried to justify the whole issue.

Dr. Kabiru Mahama stated that the transportation of this chair is in line with security protocol because the president is sovereign and people shouldn’t make a fuss about it. He added that it is the standard for every president.

Randy Abbey enquired once again that if true that is the standard, why isn’t it applicable outside Ghana.?The answer to his question was that systems differ and the recent visit of the President of the United States to Britain was a clear example of how protocol mandated that he uses his fleet, unlike African Presidents who were bussed to the event.

“This doesn’t mean Joe Biden is living a luxurious lifestyle. That’s their system in place to protect the president to some extent,” Kabiru concluded.

You can watch the video here

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I have found justice at last

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Four years ago, I wanted to sue my successor as Vice Chancellor of the University of Ghana for peddling falsehoods about me. When I finally took the decision to sue him a year later, I did not discuss it with anyone because I knew many people would be trying to discourage me from “embarrassing the University of Ghana”. Indeed, the first lawyer I approached about the falsehoods emanating from the Vice Chancellor’s office at the University suggested that it would not be in my interest to be perceived as having turned against the University that I had been so closely associated with for such a long time. Of course, I did not want that.

Unfortunately, as the falsehoods continued over several months and became more intense, I had no choice but to try to stop them. At that time, I used to wonder why there was not a single person at the University who could step in and stop the obvious persecution. I found a couple of people who had tried to speak for me at Academic Board meetings and had been quickly labeled as “Aryeetey’s Boys” or “Aryeetey’s Girls”. Their punishment was to be harassed needlessly by the University management. Some of them became very sick and that was enough warning to other people who were thinking of supporting my cause. Yes, a whole university and all its other stakeholders lost their voices. No one was interested in discussing openly the new developments with the Africa Integras project. For many, it was simply a feud between two professors. But it was not. It was about integrity; the University’s and mine!

I went to court for two reasons: (1) I needed to prove to the world that I was no criminal and that I had not acted in the way the new University management, led by my successor, was trying to portray me. (2) I wanted to force an independent assessment of the processes that we went through to develop the three Concession Agreements that I signed for this project.

The more I listened to people at the University and in government discuss the project and related processes, the more it became obvious that they had not bothered to understand the project and were not interested in understanding it. They were more interested in finding someone to blame for the mess the University was getting itself into daily by refusing to negotiate reasonably with the project developers. As the University’s situation got worse the greater the attacks on Ernest Aryeetey became.

The source material for the attacks was the report of a ‘witch-hunt committee’ that my successor put together to review the project in March 2017. The only apparent qualification to be on the committee was a grievance against the former VC. A reading of the report reflected an extremely poor appreciation of corporate finance, law, and university management. Yet it became the weapon used by my successor. He used it very effectively to convince the University Council, the university community, the government, and other stakeholders about my supposed guilt.

They were told about what was in the report and did not assess it against any other relevant facts. The report failed to consult easily available material on the project and presented pre-determined conclusions to make a case for termination of the agreement. It was a very unintellectual document, characterized by a strong hatred for Ernest Aryeetey. Considering the composition of the committee, it was not difficult to fathom why. All the falsehood that was peddled about the project and about me was inspired by that report. The Committee simply gave the Vice Chancellor what he was looking for; a reason to terminate the project and embarrass Ernest Aryeetey.

When I attended the burial service of a departed Legon staff member and I heard what the Reverend Minister said during his homily, I knew it was time for me to act. He said in Fante “This man lying in front of us worked at the University of Ghana for many years and we never heard that he had stolen a pesewa from the University. These days, it is those who have free cars, free accommodation, free electricity, free water, free telephones, etc, who steal millions of dollars. It is not only politicians who are corrupt; academics can be even more corrupt”. This was in the week that a fringe newspaper had accused me directly of complicity in a corrupt $64 million deal, quoting extensively from the ‘witch-hunt committee’ report. The Minister had just seen me walk into the church late. I could not believe that I had become the subject of a homily at a burial service.

The last straw that sent me to court was when I heard of what my successor had said about me at a meeting of Convocation on 2nd July 2019. He was trying to make them believe that I was the worst Vice Chancellor Legon had ever had. I was the source of all of Legon’s problems. This was after the University had reported me to EOCO with a complaint of “fraudulent collusion” and I had been forced into a self-cognizance bail of US$15 million. As I sat in the windowless interrogation room at EOCO, it dawned on me that I was not only being deliberately embarrassed; my freedom was being curtailed and my successor wanted to see me in jail for no good reason.
I was very lucky to find a lawyer who believed my story and saw the persecution I was suffering. We offered my successor several opportunities to recant his false statements, but he ignored us completely.

We, therefore, developed a clear strategy to prove that his utterances on several platforms were defamatory. That was easy as the internet was awash with these statements. It was so overwhelming that he could not have denied them. We had to show that the statements that he made were false, and that was not difficult either as I had copies of the most relevant documents to show the falsehood. I managed to find a star witness who corroborated the evidence authoritatively and credibly. There was more than enough evidence from a three-year period of negotiation and project development to establish that this was never a one-man show and that we followed due process. Unfortunately for my successor, his witness statement was not supported by the documents that he tendered in evidence. Indeed, his documents rather became a great help to my case.

We also had to show that my esteem had been lowered in the eyes of right-thinking members of society, and the judge agreed that my standing had been affected. I did not even bring up my experience at the burial service.
After the hearings had been concluded and I read my “Plaintiff’s Written Address” crafted by my lawyer, I became very optimistic about the likely outcome. It was perfectly written and the logic of the arguments appeared solid to me. I will recommend the address to any lawyer involved in a defamation case.

In the end, the judge agreed with everything that we said and proved in court. He granted all the reliefs I had asked for and compelled Professor Ebenezer Oduro Owusu to issue a written retraction of the defamatory statements and render an unqualified apology to me. He should address this to the members of the University’s staff, the Convocation, and the University’s alumni. This should also be published on the University’s Radio Univers on three consecutive occasions within 21 days from the date of the judgement. He also issued an order restraining Professor Ebenezer Oduro Owusu from further defaming me or uttering defamatory statements about me. As I sat in court listening to the judge read his judgment, I struggled hard not to show any emotion. I guess, in the end, the overwhelming evidence had spoken for itself. The judgment gave me a chance to prove to my grandchildren that their grandfather was no reckless manager and corrupt criminal.

I thank God for ensuring that the truth prevailed in the end. I appreciate the great work that my lawyer, Kwesi Fynn, and his team did. They were very professional and thorough always. I tried very hard not to be a “too known client and I believe it worked out well for all of us. I appreciate my family and friends, especially Ellen, for standing by me throughout this ordeal. They prayed with me and for me, and assured me that they believed in me. I thank my classmates from Achimota and Presec who remained supportive and loyal to me in all those years, always telling me “Don’t mind them; they are just jealous”. There were a few people at Legon that had the courage to openly defend me and were not afraid to be seen with me. They know themselves, and I thank them for doing what they could.

The court awarded GHS 300,000 as damages, including aggravated damages, to me. I thank the court for that and I intend to donate the entirety of the award to charity. I wish Professor Ebenezer Oduro Owusu well. I also pray that people who assume any office in Ghana in the future will not see it as an opportunity to harass or persecute their supposed or perceived enemies. I never saw myself as an enemy or opponent of my successor. I still do not understand what I did to deserve what I have been through. Maybe, one day …

Written by Ernest Aryeetey, Former Vice Chancellor, University of Ghana (2010-2016).

 

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Prof. Ernest Aryeetey

Cardi B Without Makeup

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: Opinions expressed here are those of the writers and do not reflect those of . accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.