Akyempim Rural Bank and Gomoaman Community Bank to merge

The shareholders of distress Akyempim Rural Bank have voted overwhelmingly to merge with Gomoaman Community Rural Bank.

The move is as a result of the banking getting into bankruptcy and their inability to meet a new capital requirement set by the regulating of the banking and financial industry, the Bank of Ghana.

The central bank has given all rural and community-based banks to increase their minimum capital requirement to GHC 1million by the end of the new coming 2017.

Speaking at the bank’s 30th Annual General Meeting (AGM) for shareholders, the interim board chairman Mr Alex Coffie appealed to the shareholders to avoid the situation where the banks will be closed down entirely as the regulator have given them by time resolve problems facing the bank or have their license withdrawn.

“Please let us accept the resolution of the board to join Gomoaman Community Bank with its headquarters at Apam to avoid facing consequences of withdrawing operational license by the Bank of Ghana (BOG).”

READ ALSO: Fintech-Senegal Has Launched The eCFA, A Blockchain-Enabled Digital Currency

“This is a hard decision that was taken by the Board of Directors to merge with our sister bank. And let me add that this has become necessary following an emergency meeting convened by ARB APEX Bank with distressed banks in the Central region early this year,” he added.

Mr Coffie said the move he believes would attract investors also be able to meet the new capital requirement set out by the Bank of Ghana (BOG) by the end of 2017. The Board Chairman stated that one million Ghana Cedis Share capital required by BOG for every Rural and Community Banks cannot by met due to the current situation of the Bank.

In August 2015 the then board members of Akyempim Rural Bank resigned at a go, on the directives of ARB Apex Bank the mandated regulator of the rural and community base banks in the country due to poor performance and negligence as directors of the Bank. 

Mr Coffie lamented that Akyempim Rural Bank as at the time that they were having the AGM could not boost of 50,000 Ghana Cedis share capital and it would be extremely difficult for shareholders to mobilise one million Ghana Cedis by the end of the period given by Bank of Ghana and therefore the merger was a better option.

He told the AGM that, the board was waiting for the completion of the merger processes initiated for the three banks Gomoa Rural Bank at Apam, Gomoa Ajumako Rural Bank at Gomoa Afransi and Eastern Gomoa Assin Rural Bank at Gomoa Dominase due to the liquidity crisis, then theirs could also be commenced.

Mr Coffie said there was an urgent need for the fresh injection of funds to resuscitate the bank so that depositors whose monies are locked up in the bank could be paid gradually to build confidence.

WTACH: VIDEO-How Social Media Made Naddy Obeng An AIDS-Distributing Sex Maniac

VIDEO: How Social Media Made Naddy Obeng An AIDS-Distributing Sex Maniac

Social media with all its positives has a lot of cons. When a story breaks on social media, verified or not, it spreads like wild fire at the speed of light.

Social media is therefore often used as an instrument of propaganda and a tool for wracking people’s character and personality, justified or not.

The latest person to fall victim to the crashing steel jaw of social media as we know it is young Naddy Obeng.

A couple of weeks ago, she became a social media sensation when news broke that she is a HIV positive patient going on rampage to infect any man who makes advances towards her.

ALSO READ: Man charged with deliberately infecting others with HIV

It was alleged that Naddy in a WhatsApp chat with one of her friends, said that she had infected eight men already and would not die alone as she embarks on a nationwide tour of spreading the disease to randy men because one of them infected her same way.

A screen shot of the alleged Whatsapp chat was leaked on social media by the friend with the handle @emmanwandud.

Weeks after the leak, Naddy finally comes out to clear the air.

Watch the video below:

 

Fintech: Senegal Has Launched The eCFA, A Blockchain-Enabled Digital Currency

Senegal will soon begin using a digital currency, ushering in the use of blockchain technology by the central bank. It’s another opportunity for financial technology (fintech) to help emerging markets leapfrog traditional banking systems and bring financial inclusion to more people.


If the Senegal roll-out is successful, the currency will be used in most of Francophone West Africa Cote d’Ivoire, Benin, Burkina Faso, Mali, Niger, Togo and Lusophone Guinea Bissau. Known as the eCFA, it is designed to operate alongside the CFA, the West African Franc. 

The eCFA will be issued by the regional bank Banque Régionale de Marché and will be used by countries in the West African Economic and Monetary Union (link in French), according to a statement.

ALSO READ: Man charged with deliberately infecting others with HIV

The eCFA has been designed to work with existing mobile money platforms like MPesa, which have themselves been revolutionary for the millions of unbanked Africans. The e-currency will be produced with technology created by eCurrency Mint Limited, a company that enables central banks to create their own digital fiat currency, designed to be circulated alongside paper money as legal tender.

Just like paper money has a water mark, serial number and governor’s signature, these security features can be translated to a digital currency, explained Jonathan Dharmapalan, founder and CEO eCurrency Mint.

“By layering these together and binding them into a single instrument you have essentially created a central bank-issued digital currency,” Dharmapalan told a room at the Alliance for Financial Inclusion Global Policy Forum in the Mozambican capital Maputo in 2015.

The physical technology behind the currency is a digital currency production engine. In Dharmapalan’s presentation, the engine was a pyramidal structure with a tiny slot at the top. Each central bank will have their own engine, locked in a vault and kept offline. It will only be operational when the central bank wants to use it, he explained.

READ ALSO: HOT AUDIO-Wife Of SDA Pastor Caught On A “Dirty” Video With Info. Centre Operator At Kasoa

The advantages represented by the new technology have been tempered by a lack of clarity on how exactly the system will work. Skeptics say it’s unclear what kind of distributed ledger—the foundation of blockchain technology—the new currency will use, which could introduce a host of unforeseen regulatory and distribution issues for the West African regional bank.

Tunisia became the first African nation to use blockchain technology to digitize its currency, launching the eDinar earlier this year. Last year, Ecuador launched the first state-sponsored e-currency in the world.

Central banks around the world have kept an eye on the disruptive technology of cryptocurrencies. On the one hand, they’re excited about the distributed ledger innovation that allows the secure transfer of information, without a third party, according to a 2015 report released by the Bank for International Settlements (PDF), of which more than 60 central banks are members.

Digital currencies, however, are also difficult to regulate, and until now had no links to sovereign currencies. A digital currency issued by central banks allows national treasuries to make use of all the technological advantages of cryptocurrencies, without relinquishing control to decentralized organizations like Bitcoin.

With banks taking charge of issuing e-currency, they maintain their role as sole issue of national currency, disrupting the disruptor before independent blockchain currencies even gained a foothold in Africa.

ALSO READ: VIDEO-John Mahama Is A Talented Thief – Wanluv Da Kubolor

Man charged with deliberately infecting others with HIV

A man has been charged with infecting other men with HIV deliberately.

Daryll Rowe, 26, of no fixed address, was arrested in Brighton following the allegations earlier this year.

After failing to answer bail he was re-arrested in Wallsend, North Tyneside, after work by Northumbria Police, Police Scotland and Sussex Police.

Mr Rowe has been charged with eight counts of causing grievous bodily harm and one of attempting to cause grievous bodily harm.

He has been remanded in custody and is due to appear before Newcastle Crown Court later in the week.

Man butchers wife to death

45year old cocoa farmer, Yaw Ponju has butchered his wife to death at Kokuma-krom, near Nsuta, a farming community in the Techiman south district of the Brong Ahafo region.

The deceased, 38year old Ama Bikama lived with suspect Yaw Ponju under the same roof and were survived by 7 children.

According to residents, the oldest son of the couple reported the incident to the elders of the town this morning after he returned from a nearby town to find his mother butchered and lying in pool of blood.
Reports indicate that the boy came to meet his father, Yaw Ponju sitting outside whiles the remains of his mother lied in their room.

He questioned his father about what happened but he could not utter a word, so he reported the matter to the youth and elders of the town who trooped to the scene to witness the gruesome murder, but suspect Yaw Ponju had already fled the town.

They later alerted the police who rushed to the scene and conveyed the remains of Ama Bikama to the Techiman Holy family hospital mortuary.

 
Source: Otecfmghana

HOT AUDIO: Wife Of SDA Pastor Caught On A “Dirty” Video With Info. Centre Operator At Kasoa

A 38-year-old information centre operator is in the grips of the Kasoa Divisional Police in the Central Region for allegedly bonk’ng a woman beleived to be the wife of a man in charge of a church at Ojobi.

Bright Atta was arrested by the Ojobi police in the Central region after a video of him ‘enjoying’ the supposedly married woman in an uncompleted building went viral in the Gomoa Ojobi township and adjoining communities.

Residents who have since yesterday been downloading the video unto their phones told Adom News’ Kofi Adjei that the woman visited the information centre operator to request that he lends her an unspecified amount of money to pay for a Senior High School (SHS) admission for her ward who had passed a Basic Education Cerificate Examination (BECE).

See More Photos Of The Bridesmaid Whose Backside Has Broken Social Media & Got People Talking

The woman, according to the residents proposed that she would pay back the money sometime later.

However, after listening to the desperate ‘Pastor’s wife, Bright Atta was said to have propsed that he would rather want to have sex with her and give her the money for free.

The two then moved into an uncompleted building where the man was seen busily bonk’ng the woman in various positions.

Residents claimed that Bright recorded the bouts and later sold it out to a pon’graphy website at an expensive cost.

However, some youth of the town who visited the site and saw the videos downloaded them and started spreading it in the town.

“He videotapes every scene because that is what he usually does. He has performed the same act on four other women. No man will still live with his wife after seeing such videos unless it’s a miracle. Too disgusting” one resident alleged.

READ ALSO: Kumawood Actress Gifty Temeng Is Dead

The ‘pastor’s’ wife after the heinous act is said to have fled the town as a result of the disgraceful act.

Meanwhile, the chief of Gomoa Ojobi, Nana Atta Kakrah has said they are planning to summon Bright Atta and his family members on Friday to take a decision on the matter.

The town is now allegedly dubbed “Pono Town” according to some taxi drivers who were busily running commentary after watching the alleged s.ex tape of the married women.

Listen to some of the taxi drivers speaking to Kofi Adjei after watching the s.ex tape

See More Photos Of The Bridesmaid Whose Backside Has Broken Social Media & Got People Talking

The curvy lady has become an internet sensation after the first photo taken from the #KA2016 wedding which was held yesterday hit the net…


WATCH PHOTOS & VIDEOS: Efya’s Girls Talk Concert, 2016: Mr. Eazi, Sarkodie, Akwaboah, Eno, VVIP, Others Thrill Audience


More of her photos from the event have surfaced and there are still more to come…
We must admit that She’s really endo*** Lol


See below…




READ ALSO: Dumelo's hilarious Christmas message will put the good cheer in you (VIDEO)

PHOTOS & VIDEOS: Efya’s Girls Talk Concert, 2016: Mr. Eazi, Sarkodie, Akwaboah, Eno, VVIP, Others Thrill Audience

Multiple award-winning songstress, Efya yesterday, Dec. 23, 2016 rocked the National Theatre to come alive with sterling performances.


It was certainly a night to remember and Efya has proven that she’s one of the ‘ishh’ performers we have in GH, no two ways, no doubt. From the time she stepped onto the stage, through to the time she ended the show, the energy was the same throughout. Efya, you are just too dope.


VIDEO: John Mahama Is A Talented Thief – Wanluv Da Kubolor


The concert was held down by Afro Harmony Band and the likes of Sarkodie, VVIP, Mr. Eazi, Eno, Ak Songstress, Yaa Yaa was there to support Efya. But on the night, one artiste who really-really rocked the audience to the maximum was Akwaboah.


Oo my words, you should have seen the ladies taken over Akwaboah’s job and singing along from the start to the finish to his songs. It was just memorable. Big ups, Akwaboah, you really killed the show yesterday.

Efya, i just don’t even know how to describe your performance yesterday. Go forth and shine, Efya. The show ended around 1: 15 am.

Check out the photos below and video:

ALSO READ: It doesn't matter if Jesus Christ was born on Dec 25 or Oct 31 - Otabil

ronnie_is_every_where  23 hours ago

Click video for sound

#PressPlay #ThatWowMoment when The Highest @sarkodie1 joined @efya_nokturnal to perform their Hit Song "Im In Love With you" #EfyaGirlTalkConcert2016 courtesy @girltalkworld. The Perfect Duo always a delight to behold. Kudos.🔥🔥👌👌💯✔ Follow for more. #recent #rfr #spamforfollow#spam4spam #like4like #lfl #recent4recent #recentforrecent #r4r #sfs#likeforlikes#tbh#rates#Snapchat#cfc#cashfollowplane #jaygainplane #jaylegit #followtrain #gainpost#helpcash #dt #DM #mixedarianafollowtrain #godlygaintrain #gaintrick . . .@emmanuel_indeed_fans @randie4fame @mariamabidec @rea_chengz @rubie_bae @puza_gh@iam_jimmyflo @jessicaseth_ @legitbabezz @emmanuel_indeed @saggitariuz @tee__gold@iamobvious @emmykipkip

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Kumawood Actress Gifty Temeng Is Dead

Veteran actress, Gifty Temeng is dead, a relative has confirmed to Starrfmonline.com.

The actress died Wednesday, December 21 at the 37 military hospital after battling with an undisclosed illness.

                                                                                                                                    READ ALSO: SCREENSHOTS: Afia Schwarzenegger BRIBED Her Husband To Marry Her



The 56-year-old actress was popular for her soft spoken and motherly roles in most Ghanaian movies.

Temeng starred in movies such as ‘Ties that Bind’, and ‘A Bitter Blessing’.

VIDEO: John Mahama Is A Talented Thief – Wanluv Da Kubolor

Ghanaian musician Wanluv Da Kubolor has described Ghana’s out-going president, John Mahama as a talented thief who has stolen much from us in his latest rap video.

In the short rap video, Wanluv Da Kubolor has outlined some reasons why Ghanaians kicked John Mahama out of office.

He said,

“Hey president we tiya u coal pot we dey fire u Mek u resign eh Wot kraa u wan do? Turn we to slaves? E b we do U start teef Den we no mind Ridey dier u steal ah Bost wana mind Wana head no dey We no dey see top Wana vision start clear op norr Light off Red White Green New flag Dark star in the middle U dat Yor legacy best corruption More fallacy Dis administration See woyome E go free Herr dead goat E go me If we dey yor back seff We b yor back case I confirm the akonfem Left a fowl taste”

Now watch the above video and agree or disagree with him.

SCREENSHOTS: Afia Schwarzenegger BRIBED Her Husband To Marry Her

A fan has accused TV and radio personality Afia Schwarzenegger of bribing her husband Lawrence Abrokwah before their recent marriage took place.

Apart from leveling these allegations against her, Afriyie described Afia as an unpleasant woman for any man to make love to.

Three sisters die from suspected exhaust fumes

Three out of four sisters who slept in their mothers drinking spot ‘Golden City Kitchen’ at Akyempim in the Tarkwa Nsueam Municipality have been found dead.

Grace Nartey, 15, sister of the deceased who survived was, however, found unconscious and was taken to the Tarkwa Government Hospital where she is currently responding to treatment.

Chief Inspector George Sarkyi, station officer at Nsuata told the Ghana News Agency that on December 18, he received a call that three children had died in a drinking spot.

He said he and his officers rushed to the scene but was told that the deceased Abena Amos, 15, Arabi Dadzi, 13 and Akaba Dadzi, 7, have already been deposited at the Tarkwa Government Hospital morgue awaiting autopsy.

Inspector Sarkyi said all the deceased, Grace and their mother lived at Akyempim and during their leisure time they assisted their mother at the drinking bar.

The station officer said on December 17 there was power outage as a result of a heavy downpour during the day and because of that Madam Dadzi put a generator in the bar to enable the deceased and Grace have access to light as they slept.

Inspector Sarkyi said the mother woke up only to find out that all her children were unconscious.

He said Abena, Arabi and Akaba were sent to the Tarkwa Government Hospital, but they were pronounced dead on arrival.

Inspector Sarkyi suggested that the fumes that emanating from the generator might have made the deceased to suffocate to death.

He reminded the public on the need to desist from keeping their generators indoors when they are working.

Inspector Sarkyi said the case was still under investigation.

Russians looking for a handshake from Nana Akufo-Addo

Russia’s Ministry of Foreign Affairs has praised Ghanaian authorities for efforts at conducting another successful presidential and parliamentary elections and hailed the electorate for showing maturity at the polls held on 7 December 2016.

In an official statement posted Tuesday, the Ministry noted that “observers from the African Union and the Economic Community of West African States have recognised the election results as credible, as no serious violations that could have affected the expression of the people’s will were reported.”

It concluded that “Moscow considers the national election in Ghana an important step by Ghana’s society on the path toward stable social and political development.”

The Electoral Commission has declared Nana Akufo-Addo as elected President whose New Patriotic Party (NPP) earned about 54 percent of votes, while the National Democratic Congress (NDC) got 44 percent. The NPP is a liberal democratic party and is one of the dominant parties in the national politics of the Republic of Ghana.

In the 7 December 2008 presidential election, Akufo-Addo received more votes than John Atta-Mills amassing 4,159,439 votes representing 49.13% of the total votes cast, placing him first, but not enough for the 50 per cent plus one needed for an outright victory.

It was the best-ever performance for a first-time presidential candidate since the beginning of Ghana's 4th republic in 1992. In the run-off elections, however, Mills ultimately received 4,521,032 votes, representing 50.23%, thus beating Nana Akufo-Addo.

Russian authorities have known the NPP for about a decade and have interacted with leading party officials previously. John Kufuor, a leading NPP member and then President of the Republic of Ghana met with President Vladimir Putin at the 33rd Group of Eight (G8) summit held 6-8 June 2007 at Kempinski Grand Hotel in Moscow.

That was followed by an official working visit to Moscow by the then Minister for Foreign Affairs of the Republic of Ghana, Nana Akufo-Addo, on 12 July 2007 on the invitation by Russian Foreign Affairs Minister, Sergey Lavrov.

During their diplomatic discussion, both Ministers reached an understanding to raise trade and economic cooperation between the two countries. They further agreed on developing direct business contacts between Russia and Ghana.

Towards realising this goal, Nana Akufo-Addo and Lavrov agreed to facilitate direct contacts between the Chambers of Commerce and Industry of both countries. Akufo-Addo said that the Ghanaian side was preparing proposals concerning new projects which may become the object of joint development by companies in Ghana.

Currently, the United Russia Party, Federation Council (Upper House) and State Duma (Lower Chamber) told GNA in separate interviews in Moscow that they were ready to establish political and parliamentary relations with the new government and the New Patriotic Party.

Russia and Ghana have accumulated a valuable experience of mutual respect and trust from nearly 60 years of cooperation in their diplomatic relations that have been described as very friendly and close.

The relations here refers to the bilateral relationship between the two countries. Russia has an embassy in Accra and Ghana has an embassy in Moscow. Russia and Ghana will celebrate 60 years of the establishment of diplomatic relations in 2017

We will support ‘1 village, 1 dam’ - Investors

The Private Enterprise Federation (PEF), a non-profit, non-political and autonomous institution, has declared its support for the implementation of the ‘One Village, One Dam Project’, contained in the 2016 Manifesto of the New Patriotic Party (NPP).

The Federation said it would do its best within its capability to support the incoming Nana Addo-led administration to undertake the project, which its members have described as laudable and one that would help farmers in the country.

Delivering his speech at the post-AGM Private Sector Forum of the PEF in Accra yesterday, the Chief Executive Officer (CEO) of PEF, Nana Osei-Bonsu, noted that agriculture is the key to Ghana’s industrialisation and that should appropriate measures be put in place, the economy could grow well with the Agric sector.

According to him, the PEF and its members were committed to partnering the incoming government to ensure that, at least, farmers in the country get enough water to enjoy all year round farming, as pertained in other parts of the world.

He continued that the PEF would lay a pipeline to supply water from Ada to the Northern Region to ensure that there was adequate water for farming, especially, in the dry season, saying the move would go a long way to help the ‘One Village, One Dam Policy’ of the NPP.

The CEO, however, urged Nana Addo to put measures in place to ensure that politicians did not compete with the private sector for contracts, adding that the enormous taxes that were negatively affecting the stability of the microeconomic enterprises to become competitive, be removed.

Nana Osei-Bonsu further beseeched the Akufo-Addo administration to review the performance of the economy, and its impact on the private sector, within a month following the end of each quarter.

Meanwhile, Nana Addo Dankwa Akufo-Addo, President-elect, in his keynote address, reiterated the NPP’s strategies for the private sector. He indicated all his policies would be implemented in collaboration with the private sector.

Nana Addo added that the vision for the next four years of his government was to modernise agriculture, improve production efficiency, and achieve food security and profitability for farmers, with the aim of significantly increasing agricultural productivity.

“We have identified some key initiatives integral to our Industrial Development Strategy, which we intend to implement vigorously. I refer, in particular, to the One District One Factory initiative, and I want to emphasise that this policy will be implemented in collaboration with the private sector,” Nana Addo posited.

Nacee composed 'Onaapo' for me - Dee Aja

Dee Aja(middle) has confirmed that 'Onaapo' was composed by Nacee

Musician, Dee Aja, has confirmed to rainbowradionline.com that the ‘Onaapo’ song was composed by Ghanaian male musician, Nacee.

There have been controversies as to who composed the song. Dee Aja had claimed in previous interviews with the media that he wrote the song.

But when rainbowradionline.com contacted him through a facebook chat, Dee Aja confirmed that Nacee wrote the song for him. This follows revelation on GH Entertainment by Nacee that he wrote the song for the artiste and that he [Dee Aja] is an ungrateful person.

Nacee had also expressed his disappointment on the artiste for claiming that he was not paid for his song, but when to comment, Dee Aja declined to comment.

When asked if Nacee composed the song he said, ‘’Yes is true. I have never taken that from him.’’

When asked if he was paid for his services, he said, ‘’that is between me and him…I am not going to comment on money issues with you.’’

Dee Aja also added that he informed Nacee when he traveled to Nigeria to perform the song and it will be untrue if Nacee should say that he was not aware about it.

‘’I told him when I was going to Nigeria and I informed him when I returned from Nigeria. I told him when they gave Onaapo the slogan of the year and told him I will bring it. Maybe I did not put all those right,’’ he said.

Meanwhile, he has promised to settle matters with Nacee.