THE Head of Treasury at CAL Bank Limited, Mr Philip Duodu Fynn, has advised the public to consider the risk involved in any form of investment they want to undertake and not necessarily the interest on that investment.
He cited the case of Pyram where the interest on investment in that financial institution was so high that it attracted a lot of Ghanaians, but were not able to pay the interest forcing it to fold up after a few months of operation in the country.
Mr Duodu Fynn gave the advice when he addressed customers of the Spintex road branch of CAL Bank at a customer focused meeting in Accra.
He said demanding higher returns on one's investment in itself was not a bad thing to do "but the question is, does the financial institution have the ability to pay that sum of interest," he asked.
He, therefore urged the public to invest with credible financial institutions so as to secure their investments and also to achieve their purpose of investing.
Mr Doudu Fynn also outlined the various stages on investment, which he metioned as Accumulating phase, Consideration phase and the Spending phase. These stages, he said, were very important in order to know what to do at every stage of the investment.
A General Manager of the bank in charge of Finance and Administration, Mr Philip Owiredu, answering questions from some customers gave the assurance that, the bank with all it achievement over the last few years was putting in place approprate measures to meet the demands of their cherised customer across the country.
Mr Owiredu said the purpose of the customer focused meeting was to educate their customers on the bank's products and also to address problems they encountered while doing business with the bank
Thursday, August 20, 2009
License Journalists-Dattey
THE Executive Secretary of the National Accreditation Board (NAB), Mr Kwame Dattey, has called for the licensing of journalists as a prerequisite for them to practise in the country.
The licensing, he said, did not imply that restrictions were being placed on journalists in the performance of their legitimate duties and work.
Making the suggestion at the first meeting of the Governing Council of the Ghana Institute of Journalism (GIJ) in Accra yesterday, Mr Dattey said the licensing would rather help to improve the media landscape as the unprofessional ones would not be allowed to operate.
He said there were too many individuals in the country who carried themselves as journalists, whose conduct, he said, was questionable and denigrated the image of the profession.
Providing further justification for his suggestion, Mr Dattey said the measure, if implemented, would also contribute to eliminating mushroom journalism schools, most of whom were operating without proper accreditation from the NAB.
By his suggestion, he said unless one was licensed by the Ghana Journalist Association (GJA) or an appropriate body, that person should not be allowed to do anything as a professional journalist or be recognised as such.
The Chairman of the Governing Council of GIJ, Mr A. B. A Fuseni, assured the public of the council’s commitment to transform the institute to reflect the current trends in the media industry.
Mr Fuseni explained that recent development in the media landscape required a very high calibre of human resource to match up to the challenges of the industry.
He said that challenge demanded absolute commitment on the side of the council to formulate policies and give direction to the institute to enhance the calibre of the products that the institute turned out every year.
He said one of the immediate tasks of the council was to help in shaping students for the job market, both in and outside the country.
“To this end, our focus as council would be to update training facilities, especially in the areas of information communication technology (ICT), provision of basic infrastructure and the recruitment of seasoned staff, both teaching and non-teaching, for the institute,“ he added.
Mr Fuseni expressed worry about the limited facilities in the school, saying the situation was driving away too many potential students from the institute.
He, therefore, called for extra commitment on the side of council members to address the situation.
The Rector of the institute, Mr David Newton, in his report, gave an overview of previous strategic plans that were developed and what had been achieved in that direction.
Mr Newton said in 2006, another corporate strategic plan was developed, and noted that “so far, two major achievements have been recorded under the new corporate strategic plan”.
The two, he said, included the passage of the new legislation, Act 717, to make GIJ a degree-awarding institution and the granting of ??? a Presidential Charter in June, 2009.
He informed the council on progress made so far on the construction of a 12-unit classroom block which was awarded as far back as 1998, and said that only the basement of the project had so far been completed.
Mr Newton attributed the delay in the project to a lack of funds and the inability of the contractor to pre-finance the project.
The licensing, he said, did not imply that restrictions were being placed on journalists in the performance of their legitimate duties and work.
Making the suggestion at the first meeting of the Governing Council of the Ghana Institute of Journalism (GIJ) in Accra yesterday, Mr Dattey said the licensing would rather help to improve the media landscape as the unprofessional ones would not be allowed to operate.
He said there were too many individuals in the country who carried themselves as journalists, whose conduct, he said, was questionable and denigrated the image of the profession.
Providing further justification for his suggestion, Mr Dattey said the measure, if implemented, would also contribute to eliminating mushroom journalism schools, most of whom were operating without proper accreditation from the NAB.
By his suggestion, he said unless one was licensed by the Ghana Journalist Association (GJA) or an appropriate body, that person should not be allowed to do anything as a professional journalist or be recognised as such.
The Chairman of the Governing Council of GIJ, Mr A. B. A Fuseni, assured the public of the council’s commitment to transform the institute to reflect the current trends in the media industry.
Mr Fuseni explained that recent development in the media landscape required a very high calibre of human resource to match up to the challenges of the industry.
He said that challenge demanded absolute commitment on the side of the council to formulate policies and give direction to the institute to enhance the calibre of the products that the institute turned out every year.
He said one of the immediate tasks of the council was to help in shaping students for the job market, both in and outside the country.
“To this end, our focus as council would be to update training facilities, especially in the areas of information communication technology (ICT), provision of basic infrastructure and the recruitment of seasoned staff, both teaching and non-teaching, for the institute,“ he added.
Mr Fuseni expressed worry about the limited facilities in the school, saying the situation was driving away too many potential students from the institute.
He, therefore, called for extra commitment on the side of council members to address the situation.
The Rector of the institute, Mr David Newton, in his report, gave an overview of previous strategic plans that were developed and what had been achieved in that direction.
Mr Newton said in 2006, another corporate strategic plan was developed, and noted that “so far, two major achievements have been recorded under the new corporate strategic plan”.
The two, he said, included the passage of the new legislation, Act 717, to make GIJ a degree-awarding institution and the granting of ??? a Presidential Charter in June, 2009.
He informed the council on progress made so far on the construction of a 12-unit classroom block which was awarded as far back as 1998, and said that only the basement of the project had so far been completed.
Mr Newton attributed the delay in the project to a lack of funds and the inability of the contractor to pre-finance the project.
Friday, August 7, 2009
Global Evangelical Church, Nungua Youth Ministry Bible Studies
Global Evangelical Church (Rohi Chapel, Nungua) youth Ministry
Theme: Reviving the Ministry through Discipleship and Holiness
Bible Studies- Reviving the Ministry (Revelation 2:1-7)
Introduction
We have heard of boxers who started very well but after a few wins started losing and never made their way back to the boxing ring. We know of footballers who made money becuase of their skills but are now very poor. There are equally men of God who were once on fire for God, performing miracles and were threat to satan's camp but cannot pray for themselves now. We can list similar examples but the big question is why can't these "big names" hold on to their victory to the end or is it possible to finish still a winner?
Section A
1. What does the passage say?
2. What are some of the commendation made by the Lord?
3. What are some of the shortcomning the Lord identified in this church?
4. What positive comments can you make of the youth ministry
5. Discuss how a church or ministry can be commended and repremanded at the same time.
Section B
1. What is the meaning of the word revive?
2. What are some of the situations that mandate revival?
3. Do you think you need revival yourself?
Section C
1. What are some of the things we have to do as a ministry to revive the ministry?
2. What do you have to do as an individual?
Theme: Reviving the Ministry through Discipleship and Holiness
Bible Studies- Reviving the Ministry (Revelation 2:1-7)
Introduction
We have heard of boxers who started very well but after a few wins started losing and never made their way back to the boxing ring. We know of footballers who made money becuase of their skills but are now very poor. There are equally men of God who were once on fire for God, performing miracles and were threat to satan's camp but cannot pray for themselves now. We can list similar examples but the big question is why can't these "big names" hold on to their victory to the end or is it possible to finish still a winner?
Section A
1. What does the passage say?
2. What are some of the commendation made by the Lord?
3. What are some of the shortcomning the Lord identified in this church?
4. What positive comments can you make of the youth ministry
5. Discuss how a church or ministry can be commended and repremanded at the same time.
Section B
1. What is the meaning of the word revive?
2. What are some of the situations that mandate revival?
3. Do you think you need revival yourself?
Section C
1. What are some of the things we have to do as a ministry to revive the ministry?
2. What do you have to do as an individual?
Rastafarians mark 117th anniversary
THE Rastafari movement in Ghana last Thursday celebrated the 117th birthday anniversary of Emperor Haile Selassie of Ethiopia with a commitment to promote unity within the movement.
The day, which was marked with an educational forum to educate the Rastafari movement and the public on the work and life of the man referred to within the Rastafari community as the King of Kings, was a departure from the usual musical shows that had marked the celebration over the years.
In an interview with the Director of Juddah promotion, the organisers of the programme, Jahknow Kojo Kombolo said the main purpose of departing from the usual musical show was to educate the public on the Rastafari movement.
Jahknow Kombolo added that it was also to disabuse the mind of the public about the negative images of Rastaferian.
???“People see the Rastaman as all the bad things one could think of on the street, no man, the Rastaman is a man of peace and integrity,” he said.???
Jahknow Kombolo said rasta was not all about wearing dreadlocks.He called on the public to disregard people who wear dreadlocks and do bad things around as they were not true Rastamen.
Ras Kofi Collins in a separate interview with the Daily Graphic, said the Rastafari Council had established the Black Star Line Cooperative Credit Union, (B S L C U) as part of efforts to empower their members to be economically reliant.
Ras Collins added that the main objective of the union was to foster wealth creation mentality within the Rastafari community and facilitate the culture of saving.
Haile Selassie was born Lij Tafari Makonnen translated literally to mean,??? child and serves to indicate that every youth is of a noble blood.???
He was later named Ras Tafari Makonnen, Ras, translated to mean, head, and is equivalent to the “Duke”, though it was often rendered in translation as Prince. In 1928, he was elevated to the position of Negus, meaning King.
Upon his ascension to the Emperor in 1930, he took the name Selassie, meaning “Power of the Trinity.”
Haile Selassie’s full title in office was His Imperial Majesty Haile Selassie I, King of Kings, Lord of Lords, Conquering Lion of the tribe Judah, and an Elect of God.
The day, which was marked with an educational forum to educate the Rastafari movement and the public on the work and life of the man referred to within the Rastafari community as the King of Kings, was a departure from the usual musical shows that had marked the celebration over the years.
In an interview with the Director of Juddah promotion, the organisers of the programme, Jahknow Kojo Kombolo said the main purpose of departing from the usual musical show was to educate the public on the Rastafari movement.
Jahknow Kombolo added that it was also to disabuse the mind of the public about the negative images of Rastaferian.
???“People see the Rastaman as all the bad things one could think of on the street, no man, the Rastaman is a man of peace and integrity,” he said.???
Jahknow Kombolo said rasta was not all about wearing dreadlocks.He called on the public to disregard people who wear dreadlocks and do bad things around as they were not true Rastamen.
Ras Kofi Collins in a separate interview with the Daily Graphic, said the Rastafari Council had established the Black Star Line Cooperative Credit Union, (B S L C U) as part of efforts to empower their members to be economically reliant.
Ras Collins added that the main objective of the union was to foster wealth creation mentality within the Rastafari community and facilitate the culture of saving.
Haile Selassie was born Lij Tafari Makonnen translated literally to mean,??? child and serves to indicate that every youth is of a noble blood.???
He was later named Ras Tafari Makonnen, Ras, translated to mean, head, and is equivalent to the “Duke”, though it was often rendered in translation as Prince. In 1928, he was elevated to the position of Negus, meaning King.
Upon his ascension to the Emperor in 1930, he took the name Selassie, meaning “Power of the Trinity.”
Haile Selassie’s full title in office was His Imperial Majesty Haile Selassie I, King of Kings, Lord of Lords, Conquering Lion of the tribe Judah, and an Elect of God.
Census pilot project to cover six districts’
THE Government Statistician, Dr Grace Bediako, has disclosed that the 2009 population and housing census pilot project slated for October and November, 2009 will cover only six districts including some key settlements in Accra.
The selected districts include, Bia, Sene, Saboba, Awutu Senya, and Chiriponi. In Accra the exercise will cover, Osu Klotey, East Legon, and Commonwealth and Volta Halls of the University of Ghana, Legon.
Dr Bediako who disclosed this to the Daily Graphic in an interview said the change of date was because some of the selected districts were likely to experience some amount of rainfall during that time of the year.
The government statistician said the Statistical Service considered a number of factors including the eco-logical zone of the district, newly created districts, fast growing areas, institutions and high wall residential communities in the selection process.
She again added that, these districts and areas were selected having in mind some of the difficulties the area might pose to officers during the original census in 2010.
Dr Bediako said that the pilot project was estimated at $ 1.2 million and explained that the amount did not include logistics that would again be needed for the original census in 2010 such as vehicles, allowance for personnel and data processing among others.
The Census Co-ordinating Director, Mr David Kombat who was present at the interview said the pilot project would cover three weeks, explaining that the actual data collection would be done in the second week of the exercise while the first and second weeks would be for field work.
Mr Kombat said committees for all the districts had been formed and were expected to start work in the districts.
He said the committees would have the responsibility of putting in place the appropriate measures to make the exercise successful .
He explained that unlike the registration for voting during elections where each voter was expected to register in person, only responsible persons in each house would be made to speak on behalf of all the others.
He, therefore, called on all persons within the respective districts to provide their vital information before going out of their homes during the period.
The selected districts include, Bia, Sene, Saboba, Awutu Senya, and Chiriponi. In Accra the exercise will cover, Osu Klotey, East Legon, and Commonwealth and Volta Halls of the University of Ghana, Legon.
Dr Bediako who disclosed this to the Daily Graphic in an interview said the change of date was because some of the selected districts were likely to experience some amount of rainfall during that time of the year.
The government statistician said the Statistical Service considered a number of factors including the eco-logical zone of the district, newly created districts, fast growing areas, institutions and high wall residential communities in the selection process.
She again added that, these districts and areas were selected having in mind some of the difficulties the area might pose to officers during the original census in 2010.
Dr Bediako said that the pilot project was estimated at $ 1.2 million and explained that the amount did not include logistics that would again be needed for the original census in 2010 such as vehicles, allowance for personnel and data processing among others.
The Census Co-ordinating Director, Mr David Kombat who was present at the interview said the pilot project would cover three weeks, explaining that the actual data collection would be done in the second week of the exercise while the first and second weeks would be for field work.
Mr Kombat said committees for all the districts had been formed and were expected to start work in the districts.
He said the committees would have the responsibility of putting in place the appropriate measures to make the exercise successful .
He explained that unlike the registration for voting during elections where each voter was expected to register in person, only responsible persons in each house would be made to speak on behalf of all the others.
He, therefore, called on all persons within the respective districts to provide their vital information before going out of their homes during the period.
AFAG Demonstration
Hundreds of demonstrators yesterday hit the streets of Accra to protest against what they perceive as a harsh economic condition and the failure of the government to fulfil its campaign promises.
Organised by the Alliance for Accountable Governance (AFAG), a pressure group, and identifiable groups, including the National Service Scheme (NSS), traders, students and some fishermen, the demonstration was peaceful and incident-free.
Clad in red clothes and bands, the demonstrators walked from the Kwame Nkrumah Circle, through the Nkrumah Avenue to Farisco and then to the Trades Union Congress (TUC) to the Ministries and converged on the Accra Hearts of Oak Park, close to the Arts Centre.
The people, who demonstrated for well over four hours, carried placards, some of which read “Atta 419”, “Where is the better Ghana?”, “No premix”, “Atta Walk your talk”, “Atta fix the economy”, “Where is the jobs you promised us?”, “Avoid killer loans”, “Our children need pampers”.
Some of the demonstrators also wore pampers, others were also seen chewing kebab. Some fishermen sat in their canoe that had been mounted on a big truck and paddled as their way of demonstrating against the shortage of premix fuel.
According to Chief Superintendent B. Bonga of the Ghana Police Service, which provided 350 men and women to provide security, there was no major incident and the demonstration could, therefore, be described as “peaceful and incident-free for now”.
Addressing the demonstrators at the Hearts Park after the demonstration, Mr Kwabena Bonfeh, a leading member of the alliance, commended the people for turning out in their numbers to participate in the demonstration, which was “to defend our democracy from those who threaten it”.
“There are people in power who think they can perpetuate in Ghana a culture of deceit, falsehood, lies, misrepresentation, pretence, intimidation and vague propaganda which constitute the very anti-democratic credentials notable of illegitimate regimes,” he alleged.
He said most fishermen in the country could not go fishing, although this period was their peak fishing season, because some people were smuggling the fuel to other areas, thereby denying the fishermen the fuel to go fishing.
Mr Bonfeh, who is also the National Youth Organiser of the Convention People’s Party (CPP), added that salaries of teachers and nurses had been slashed, traders were facing precarious commodity prices and students had had their school fees increased astronomically all due to the bad economic decisions of the current administration.
Mr Bonfeh urged Ghanaians not to allow politicians to take them for a ride and should constantly raise reservation against President Mills’s decision to allow his Foreign and Sports Ministers who had corruption issues to answer to be parading without any charges.
He said President Mills had arrogated to himself the power to review the work of Parliament in violation of the principle of separation of powers and added that he was in constant touch with his lawyers and would take the matter to the law courts.
He also asked what had become of the 40 per cent women representation promised by the NDC in their manifesto, their pledge to fight corruption and the promise to relieve Ghanaians of their heavy tax burden, and added that the NDC used all these promises to deceive Ghanaians to vote them into power.
Mr Bonfeh disclosed that AFAG would replicate the demonstration throughout the 10 regional capitals in the country to educate Ghanaians on the corrupt and deceptive nature of the NDC administration and the need to keep it on its toes.
A national service person, Master Harold Boateng, noted that he was of the view that he would be employed at the Ministry of Health where he did his national service but this could not happen because of the conditionalities on a World Bank loan.
The demonstration also attracted some bigwigs of the opposition New Patriotic Party (NPP) including Nana Ohene Ntow, NPP General Secretary; Mr Dan Botwe, Member of Parliament (MP) for Okere; Ms Shirley Ayokor Botchwey, MP for Weija; Dr Akoto Osei, a former Minister of State at the Ministry of Finance; and Mr Stephen Asamoah Boateng, a former Information Minister, who was in the company of his wife.
Organised by the Alliance for Accountable Governance (AFAG), a pressure group, and identifiable groups, including the National Service Scheme (NSS), traders, students and some fishermen, the demonstration was peaceful and incident-free.
Clad in red clothes and bands, the demonstrators walked from the Kwame Nkrumah Circle, through the Nkrumah Avenue to Farisco and then to the Trades Union Congress (TUC) to the Ministries and converged on the Accra Hearts of Oak Park, close to the Arts Centre.
The people, who demonstrated for well over four hours, carried placards, some of which read “Atta 419”, “Where is the better Ghana?”, “No premix”, “Atta Walk your talk”, “Atta fix the economy”, “Where is the jobs you promised us?”, “Avoid killer loans”, “Our children need pampers”.
Some of the demonstrators also wore pampers, others were also seen chewing kebab. Some fishermen sat in their canoe that had been mounted on a big truck and paddled as their way of demonstrating against the shortage of premix fuel.
According to Chief Superintendent B. Bonga of the Ghana Police Service, which provided 350 men and women to provide security, there was no major incident and the demonstration could, therefore, be described as “peaceful and incident-free for now”.
Addressing the demonstrators at the Hearts Park after the demonstration, Mr Kwabena Bonfeh, a leading member of the alliance, commended the people for turning out in their numbers to participate in the demonstration, which was “to defend our democracy from those who threaten it”.
“There are people in power who think they can perpetuate in Ghana a culture of deceit, falsehood, lies, misrepresentation, pretence, intimidation and vague propaganda which constitute the very anti-democratic credentials notable of illegitimate regimes,” he alleged.
He said most fishermen in the country could not go fishing, although this period was their peak fishing season, because some people were smuggling the fuel to other areas, thereby denying the fishermen the fuel to go fishing.
Mr Bonfeh, who is also the National Youth Organiser of the Convention People’s Party (CPP), added that salaries of teachers and nurses had been slashed, traders were facing precarious commodity prices and students had had their school fees increased astronomically all due to the bad economic decisions of the current administration.
Mr Bonfeh urged Ghanaians not to allow politicians to take them for a ride and should constantly raise reservation against President Mills’s decision to allow his Foreign and Sports Ministers who had corruption issues to answer to be parading without any charges.
He said President Mills had arrogated to himself the power to review the work of Parliament in violation of the principle of separation of powers and added that he was in constant touch with his lawyers and would take the matter to the law courts.
He also asked what had become of the 40 per cent women representation promised by the NDC in their manifesto, their pledge to fight corruption and the promise to relieve Ghanaians of their heavy tax burden, and added that the NDC used all these promises to deceive Ghanaians to vote them into power.
Mr Bonfeh disclosed that AFAG would replicate the demonstration throughout the 10 regional capitals in the country to educate Ghanaians on the corrupt and deceptive nature of the NDC administration and the need to keep it on its toes.
A national service person, Master Harold Boateng, noted that he was of the view that he would be employed at the Ministry of Health where he did his national service but this could not happen because of the conditionalities on a World Bank loan.
The demonstration also attracted some bigwigs of the opposition New Patriotic Party (NPP) including Nana Ohene Ntow, NPP General Secretary; Mr Dan Botwe, Member of Parliament (MP) for Okere; Ms Shirley Ayokor Botchwey, MP for Weija; Dr Akoto Osei, a former Minister of State at the Ministry of Finance; and Mr Stephen Asamoah Boateng, a former Information Minister, who was in the company of his wife.
Private partnership needed for census — Dr Bediako
THE Government Statistician, Dr Grace Bediako has called for private partnership in preparation towards the 2010 Population and Housing Census.
This partnership she said is very crucial particularly for the Census Reference Day which is the day set aside for every Ghanaian “in an ideal situation” to be counted.
In an interview, Dr Bediako said the Census Reference Day is important for the avoidance of double counting.
Dr Bediako mentioned for instance, the telecommunication companies as potential partners who would send text messages to their subscribers reminding them of the day.
Others, she said, could also brand the officers who would be involved in the collection of the data or any other thing that could be done to mark the day so that people could easily remember the day.
Dr Bediako mentioned that private partnership was needed to create the much needed awareness on the Census Reference Day.
The government’s s tatistician said both the private and the public sector would need the data collected for their works and should therefore be involved in the exercise.
She reminded the public that, the Population and Housing Census is different from the voter registration where each person is expected to register in person.
“In the census only a responsible person in the house would be required to speak on behalf of all the others in the house,” she said.
Dr Bediako added that a similar partnership would be needed for the pilot census in October and November, 2009.
"The Census Reference Day is the day officers who come to a household will for instance ask about those who were in the house on the Census Reference Day, and these are the people who will be counted” she said.
Dr Bediako stressed that the relevance of the day must be communicated properly to the public.
Explaining further, she said for instance if one resided permanently in Accra, but travelled to visit the parents in, say, Adaklu Waya in the Volta Region on the 18th October, 2009 which is the Census Reference Day; This person, she said, would be counted among the people of Adaklu Waya and not Accra even if he returns to Accra before his household in Accra were counted.
This partnership she said is very crucial particularly for the Census Reference Day which is the day set aside for every Ghanaian “in an ideal situation” to be counted.
In an interview, Dr Bediako said the Census Reference Day is important for the avoidance of double counting.
Dr Bediako mentioned for instance, the telecommunication companies as potential partners who would send text messages to their subscribers reminding them of the day.
Others, she said, could also brand the officers who would be involved in the collection of the data or any other thing that could be done to mark the day so that people could easily remember the day.
Dr Bediako mentioned that private partnership was needed to create the much needed awareness on the Census Reference Day.
The government’s s tatistician said both the private and the public sector would need the data collected for their works and should therefore be involved in the exercise.
She reminded the public that, the Population and Housing Census is different from the voter registration where each person is expected to register in person.
“In the census only a responsible person in the house would be required to speak on behalf of all the others in the house,” she said.
Dr Bediako added that a similar partnership would be needed for the pilot census in October and November, 2009.
"The Census Reference Day is the day officers who come to a household will for instance ask about those who were in the house on the Census Reference Day, and these are the people who will be counted” she said.
Dr Bediako stressed that the relevance of the day must be communicated properly to the public.
Explaining further, she said for instance if one resided permanently in Accra, but travelled to visit the parents in, say, Adaklu Waya in the Volta Region on the 18th October, 2009 which is the Census Reference Day; This person, she said, would be counted among the people of Adaklu Waya and not Accra even if he returns to Accra before his household in Accra were counted.
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