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Zylofon Cash Threatens To Terminate Ghana Premier League Sponsorship Deal

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The top-flight’s headline sponsors say they may pull out of the contract if Ghana FA officials are found guilty in an ongoing investigation

Zylofon Cash Public relations officer Halifax Owusu-Ansah has warned Ghana Football Association to clear themselves or risk their lucrative ten-year deal for the Ghana Premier League being scrapped.

This comes following recent allegations of corruption levelled against the FA’s president Kwesi Nyantakyi and some executive committee members who are currently under investigation by the Criminal and Investigation Department (CID).

Nyantakyi was caught on camera in an undercover investigation by ace Ghanaian journalist Anas Aremeyaw Anas and his Tiger Eye PI crew.

Nyantakyi has been charged with defrauding by false pretence for using the name of the country’s president Nana Akufo-Addo to negotiate for a business deal in Dubai.

Greater Accra regional football association chairman Eddie Doku and Kofi Manu were also captured accepting bribes to influence selection into the national teams and issues regarding player’s eligibility.

“If it so happens that the investigations affect the whole organisation [GFA] or the leaders so much so that the league cannot continue, then we may review the contract and opt out,” Halifax told Citi FM.

“Who enters a contract without an exit clause? I’ve not seen it anywhere before so there are other options. However, the matter hasn’t reached there yet, it is just an option we are considering so we are hoping that the situation will not get to that level in the end. They have to clear themselves,” he added.

By: Ghana Web

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Rigworld C.E.O Dr. Kofi Amoa-Abban Gets Double Honour At The 2018 40 Under 40 Awards.

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Over the weekend, the plush Kempinski Hotel hosted the 2018 edition of the Forty UNDER 40 Awards. On the night Dr. Kofi Amoa-Abban the C.E.O of Rigworld International Limited took home two awards; Energy and oil and gas categories respectively.

Dr. Kofi Amoa-Abban, a Tema born and a graduate of the University of Ghana also holds a master’s degree from the Oslo University. The discovery of Ghana’s oil in 2007 shaped his drive as a young man to venture into an industry which is revered due to how fierce and capital intensive a sector oil and gas can be.

In 2011, Kofi Amoa-Abban who currently is C.E.O of Rigworld, a world class institution that specializes in providing edge-cutting tuition in Oil and Gas situated here in Ghana – Takoradi started from a small office in Osu.

From providing recruitment services to the burgeoning oil and gas industry in Ghana, Rigworld now prepares these experts and equip them for the job. Prior to that, he had served as a drill crew member with Atwood Hunter responsible for the TEAK1, TEAK 2, and Banda Wells.

In July 2015 Dr. Kofi Amoa-Abban co-founded PressureTech, a wholly owned subsidiary of Rigworld International Services, which offers engineering solutions to Oil and Gas companies in Ghana and beyond.

Dr. Kofi  Amoa-Abban over the years from 2016 till date is a proud recipient of both local and international awards such as; Ghana-UK Based Achievement Awards (GUBA), Ghana Shippers Awards 2017, Ghana Oil and Gas Awards (GOGA), EMY Awards, Tema Excellence Awards and the Gender and Development Initiative for Africa (GADIA) Awards 2018 among others.

The Forty under 40 Award is to identify, honour and celebrate a cross-section of the nations most influential and accomplished young business leaders under age forty from a wide range of industries we cover, who are committed to business growth, professional excellence and community service and have risen up the ranks of their companies or industries at a relatively young age.

Congratulations to Dr. Kofi Abban and all the winners on the night, Ghana and the youth of this country is proud of your deeds and accomplishments all in the quest to propel and move Ghana forward.

You can follow Dr. Kofi Amoah Abban on all social media platforms;  Facebook Dr Kofi Amoah-Abban, Instagram @Kofiamoaabban and on twitter @dr_abban.

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‘Going To School In The Middle East And North Africa’, A Book By Dr. Kwabena Dei Ofori-Attah

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‘Going To School In The Middle East And North Africa‘ is a book authored by Dr. Kwabena Dei Ofori-Attah of Ghana.

According to Dr. Ofori-Attah, he wrote the book to show the world that apart from the violence we read in newspapers, from social media, and other media, the Middle East and North Africa region is home to a good education.

The region according to Dr. Ofori-Attah, is the cradle for our modern school system. In the quest to find out more, TheAfricanDream.net had a chat with the author to learn more about the motivation behind the book published a decade ago.

“I got the inspiration to write the book from two of my college professors, Dr. Gifford Doxsee and Prof. Milt Ploghoft. I took three demanding classes with Dr. Doxsee about North Africa and the Middle East. After graduation, I decided to put my ideas together to write the book,” said Ghana-born Dr. Ofori-Attah when asked what gave rise to the book.

Dr. Kwabena Dei Ofori-Attah journeys into the genesis of his book

In June 1995 the author completed his doctoral studies in education at Ohio (OH) University in Athens, OH in the United States (US). Soon after graduation, he started teaching at University of the Cumberlands (formerly Cumberland College) in Williamsburg, Kentucky. After a while, he received the academic financial inspiration to write the book from Prof. Ploghoft.

“I was inspired by him to develop the online journal, ‘The African Symposium‘ from which I got a lot of information for my work. The online platform is for publishing educational research reports on Africa. The journal published by the African Education Research Network (AERN) is basically what set all of this off,” said the author who spoke highly of Prof. Ploghoft, the man who provided him with the funds to develop the AERN website.

Until he wrote the book, the Ghanaian author’s only connection with North Africa was through his studies and also letters from his younger brother who taught the English language in Libya. “Also, I had three students in my classes from North Africa and the Middle East who I interviewed for information about the book,” explained Dr. Ofori-Attah who also interviewed others outside his classes for the project.

Besides being Founder of the AERN, the author was its Managing-Editor for over five years. He has over 25 years of teaching experience in the West African nations of Ghana and Nigeria, and also in the US.

Impressed with literacy spurt in region ten years after the book

When asked of his opinion on what has changed in the region’s educational system since the book was published in 2008 vis-a-vis today, the author said some of the significant changes that he has witnessed are in the simple development of higher education systems in the region: “the halving of illiteracy which had aggressively begun even before my book started has been greatly improved upon today”

“The region has almost achieved a total gender parity in their primary education sector and literacy rates for young adults has greatly improved in the last 20 years from 59 percent in 1990 to 78 percent in 2010. That indeed is highly impressive,” — Dr. Ofori-Attah.

Looking back today, the author told TheAfricanDream.net that he is glad he pushed on with work to get the book published by the publisher — Greenwood Press. He said some of the setbacks he encountered at the time involved some interview candidates and students talked to for the book, who initially felt uncomfortable talking to him about education in the region.

“Again, I did not want to include Israel in the book because of the ongoing conflict but the publishers refused to agree with me on this because they argued it is part of the region. So we went on and added it. Today it is such a humbling opportunity to look back at all that good work and the impact it is having on lives.”

Higher education institutions from all over the world are opening up branch universities in the region. Qatar for instance now has created what is called the ‘Education City‘, where many countries outside the region are competing for space to build branch campuses.

What Dr. Ofori-Attah has been up to these days
“I am a Research Fellow for the AERN. In this capacity, I work with international students all over the world, something which keeps me busy,” said the author.

He is am a member of several international organizations such as the Commonwealth of Learning COL; an intergovernmental organization created by Commonwealth Heads of Government to encourage the development and sharing of open learning and distance education knowledge, resources, and technologies.

“COL is helping developing nations improve access to quality education and training.” said the author who currently teaches at Central State University, Wilberforce, OH. He has published a number of articles in places like the Encyclopedia of Education (2004), and a chapter in International Handbook on Urban Education, 2006, and many others.

Stay tuned for more info on two book chapters the author is writing on Teacher Education in Liberia and Sierra Leone. For now, you can get ‘Going To School In The Middle East And North Africa’ at Amazon by searching bit.ly/deioforiattah.

Written by Oral Ofori

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Oil Prices Drop After IMF’s Review Of Global Economic Growth

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Oil prices fell on Tuesday [October 10, 2018] following the IMF’s downward review of the global economic growth forecasts.

Reuters however reports that markets were supported as Hurricane Michael closed nearly 40 percent of U.S. Gulf of Mexico oil output and U.S. sanctions restricted Iranian exports.

The Fund reduced the global economic growth from 3.9 to 3.7 percent.

The IMF also raised concerns that demand for oil products may slump as well.

But on Tuesday, the price of Brent crude went down by 44 cents or about half a percent; to reach 84.56 dollars a barrel.

This was after a 1.3 percent gain earlier in the day.

Again, U.S. West Texas Intermediate (WTI) crude was down by 41 cents, also about half a percent, to 74.55 dollars a barrel, after rising nearly 1 percent in the previous session.

The decline in prices may impact Ghana in two ways; that the country will receive less for the exports of crude during the period which will affect projected oil revenue.

On the other hand, the country could save some dollars as it will have to spend less in purchasing crude that it imports.

But the effect on imports will be higher as the country imports more than it exports.

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Aggrieved Customers Give Menzgold 4-week Ultimatum To Pay Returns

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A group calling itself aggrieved traders of gold dealership company, Menzgold has given the company a four-week ultimatum to pay 50% principal investments of all customers.

The group made this known at a press conference to drum home their demands following the refusal of the company to honor contract obligations of paying them their investment returns.

The press conference was in response to several statements from Menzgold since the impasse between the gold dealership company and the SEC began.

The company has recently hinted of its plan to make payment of the principal investment of all customers within three months. ,

General Secretary of the aggrieved customers of Menzgold, Kenneth Nimoh gave a four-week ultimatum for the company to provide 50% of the principal investment of customers.

“We do not subscribe to the prolonged period of 90 days stated in Menzgold communication as the company has not adhered to timelines in the past periods. We are even more concerned that this is nothing more than the time-bound strategy as the company in these past few weeks has rebranded its official vehicles, laid off staff, and it is likely to vacate their offices in the coming weeks.

“We recognize the difficulty Menzgold faces should it attempt to pay all customers at a go. Members of aggrieved traders of Menzgold are therefore giving them four weeks per their stipulated time to pay 50% of the total value of gold traded to customers and pay the rest of the remaining amount when the 90 days are due.”

The customers also disagreed with the company’s decision to make the payment via their accounts.

“They have promised us that we should go to our various branches and right from day one nothing has been done about it. If they say we should go and they will send money into our accounts, we not believe that it will happen,” an aggrieved customer said.

Menzgold has not been able to pay matured returns to its investors since the Security and Exchanges Commission (SEC) ordered it to suspend its gold trading operations to the public.

The company in an attempt to call the bluff of SEC came up with a payment schedule to pay its clients, but the said payments have been postponed for three consecutive times.

The delayed payments continue to stir up anger among Menzgold customers, as they have vowed to use every means possible to retrieve their investments.

‘We may pay in 90-days if you terminate your transaction’ – Menzgold

Menzgold had earlier indicated in a statement that customers who wish to terminate their investment transaction with the company will receive a full payment of their investment in 90 days if the ongoing misunderstanding with statutory institutions is resolved.

“Should Menzgold succeed in reaching an amicable resolution with the authorities, customers wishing to continue trading with Menzgold are free to exercise the option of continuing to trade with us. Similarly, customers wishing to terminate their business with Menzgold are free to do so and should be rest assured of their full payment in 90-days as stipulated…” the statement said.

Source: CitiBusiness News

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