14.7 C
London
Monday, June 2, 2025
Home Blog Page 660

Terry Bonchaka once told me he won’t ride in a car with Kwadee because of his smoking habit – Fredyma

0

Jerry Anaba, popularly known as 'Okomfo Kwadee' Jerry Anaba, popularly known as ‘Okomfo Kwadee’

In light of the ongoing discussions surrounding Okomfo Kwadee’s mental health struggles, individuals and key showbiz stakeholders have been trying to uncover the true cause of the highlife musician’s plight and searching for potential solutions.

However, veteran Ghanaian music producer Fred Kyei Mensah, also known as Fredyma, believes to a larger extent that Kwadee brought this situation upon himself.

Fredyma partly attributes Kwadee’s deteriorating mental health to his excessive smoking habits.

He recalled an instance where Kwadee’s colleague, the late Terry Bonchaka, even refused to ride in the same car with him due to the overwhelming smoke.

According to Fredyma, this is a clear example of how the musician’s lifestyle may have contributed to his current state.

During a discussion with Power FM, Fredyma stated, “Kwadee smokes weed, and his condition today is as a result of the weed he smokes. In life, everyone needs help, but if you keep helping someone who doesn’t want to be helped, what can you do?”

He continued, “In 2003, Terry Bonchaka told me and Regan backstage that he would never sit in any car with Kwadee again. He said his experience with sharing a car with him was really bad because of the weed. And you know, Terry was also a Jehovah’s Witness. He told me all this backstage in 2003, 23 years ago. I remember vividly, he didn’t like it. He was raised in Santase where his dad was a security guard, and he used to smoke weed there. They know.”

Fredyma, however, pointed out Kwadee’s remarkable feat in the music industry, stating, “Kwadee has a problem, and that problem needs to be solved. He came out in the year 2000, and by God’s grace, he became this great. If someone is not Akan and yet they can sing this beautifully in the Akan language, it’s highly commendable.”

The conversations surrounding Kwadee’s condition have intensified in recent times, particularly after he was captured in an unkempt and deteriorated state.

Although there have been discussions on how to assist him, some stakeholders remain skeptical, as Kwadee has repeatedly relapsed into a bad state after receiving treatment and support.

You can also watch the latest episode of Moans and Cuddles on GhanaWeb TV below:

EB

We will come to you for advice, leave the party for the youth – NPP National Youth Organiser to old members

0

NPP National Youth Organiser, Salam Mustapha play videoNPP National Youth Organiser, Salam Mustapha

Salam Mustapha, the opposition New Patriotic Party’s national youth organiser, has asked the party’s elders to entrust the youth with its management.

Speaking in an interview on Peace FM, the National Youth Organiser demanded that the old generation of party members allow the youth who have proven their worth to steer the affairs of the party while falling on them for aparty’s affairs while relying

“With all due respect, we are grateful to the old generation for founding the party for us in 1992. Now we have taken charge; now it is a youth party. So our uncles should leave the party for us. That is what this particular result has communicated to us,” he stated.

He emphasized that the NPP, as a party, is blessed with a good number of capable youthful individuals who have the qualities to restore the party to its glory following the defeat suffered by the NPP in the 2024 general elections.

“If we want advice, we will come home and greet and then seek their advice to work with. That is why I am challenging the youth that this is the time to rise and shine, this is the time to stake your claim,” he stated.

The NPP lost the 2024 presidential election to the National Democratic Congress. The NDC also claimed a significant victory in the parliamentary election.

Post-election, several factors have been cited aSeveral’s defeat. However, leading members of the party have lar after the electiongely attributed the defeat to voter apathy.

As part of a reorganization effort, the party has since commissioned a fact-finding committee to investigate the election outcome.

GA/EK

Ghana Stock Exchange eyes new IPOs in 2025 as pension funds seek options for idle cash

0

Managing Director of Ghana Stock Exchange, Abena Amoah Managing Director of Ghana Stock Exchange, Abena Amoah

An increase in initial public offerings (IPOs) and a resulting uptick in market activity would provide pension funds with viable investment opportunities amid record asset growth.

With domestic pension assets under management (AUM) projected to reach GH¢100billion by the close of 2025, fund managers are under growing pressure to diversify beyond government securities.

While there has been an IPO drought in recent years, with the only market activity being listings by introduction.

A Listing by Introduction allows a company already listed on one exchange to trade on another without issuing new shares.

It meets the new exchange’s requirements, ensures cross-border settlement and expands its investor base while remaining linked to the primary market. This is contrasted with an IPO, which is considered an entirely new listing.

In a wide-ranging interview with B&FT, Abena Amoah, Managing Director of Ghana Stock Exchange (GSE), hinted at new IPOs this year, a development that if realised would offer respite to the pension funds.

“The money is there. We need more IPOs, more equity raises and more companies using the fixed-income market to create opportunities for long-term investment,” she said.

For the past seven years Ghana’s main stock market has not recorded a single IPO – the longest drought since its inception in 1991.

The last major offering was by MTN Ghana in 2018, which raised US$238.5million but fell short of its target. The prolonged absence of listings has limited the ability of pension funds to reallocate capital to equities, forcing continued reliance on government securities and fixed-income instruments.

A market in need of activity

The National Pensions Regulatory Authority (NPRA) has sought to reduce exposure to government debt, which previously accounted for up to 75 percent of pension assets.

Revised guidelines now allow pension funds to allocate up to 25 percent of their portfolios to alternative investments including equities and private debt. However, fund managers have struggled to find viable private sector opportunities.

Amoah has stressed that Ghanaian businesses must take a more proactive approach to capital markets if pension funds are to diversify effectively.

“We must bring more private sector companies to market,” she said. Citing the 2022 listing of Asante Gold, she noted that companies with strong governance structures and clear growth strategies remain attractive to institutional investors.

Despite regulatory efforts, market participation has remained weak. Over the past decade, only four companies – Mega African Capital Limited, Agricultural Development Bank (ADB), MTN Ghana and Asante Gold – have listed on the main bourse. On the Ghana Alternative Market (GAX), a platform designed for smaller enterprises, only six firms have listed – with limited trading activity.

“The challenge is not a lack of capital. It is the absence of well-governed, transparent businesses coming to the market,” Ms. Amoah said.

State-Owned Enterprises

Initiatives to list state-owned enterprises (SOEs) have also stalled. In September 2022, the-then Public Enterprises Minister Joseph Cudjoe announced that three SOEs – Ghana Reinsurance Company, Tema Development Corporation and GIHOC Distilleries – were set to go public. More than two years later, none of these firms have been listed.

“We have settled on three to start with,” Mr. Cudjoe said at the time.

“They will get to raise capital and expand while making the market more exciting,” he continued. However, delays and shifting timelines have dampened investor expectations.

Market analysts believe listing viable SOEs could help rejuvenate the exchange and provide pension funds with new investment options.

And the GSE MD confirmed that engagements continue – to ensure that the goal of listing viable SOEs comes to fruition.

Risks, returns

Pension funds remain wary of direct investments in private companies, preferring fixed-income instruments due to their lower risk. However, the recent Domestic Debt Exchange Programme (DDEP), which affected GH¢31billion in pension holdings, has raised concerns over continued reliance on government securities.

“If companies can show that cheaper capital would turn their business around and they are committed to governance standards, then pension funds will invest,” Ms. Amoah stated.

The GSE is working with institutions such as the Association of Ghana Industries (AGI) and Stanford Seed to prepare more businesses for market participation. Financial advisors and investment banks are also expected to play a greater role in structuring deals that meet institutional investor requirements.

“We expect a few more companies to come to market this year, either to refinance expensive debt or fund new projects,” Ms. Amoah noted.

Watch the latest edition of BizTech below:

Click here to follow the GhanaWeb Business WhatsApp channel

Lady cuts off boyfriend’s manhood for cheating on her

0

A set of gory photos that have emerged online shows the joystick of a man that has been cut off by his girlfriend.
As reported by @MeekDBiocemist on X, the lady decided to cut off her boyfriend’s manhood just because she caught him cheating on him.
It’s alleged that the lady committed the heinous crime while her boyfriend was deep asleep.
As suspected, the lady used a new sharp knife to carry out the tagged devilish act.
At the moment, the guy is currently in the hospital receiving treatment but some health