AM Newspaper Review || OSP Freezes Cecilia Dapaah's Accounts
Newspaper headlines review and other matters arising in Ghana.
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NewsTranscript
00:00 Well thank you very much for staying with us. We'll be getting interactive
00:04 shortly as we dig into the newspapers. Maxwell Lukotor, an NDC parliamentary
00:11 aspirant is our guest. But before I get to him, Endpoint Homeopathic Clinic
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01:10 Endpoint Homeopathic Clinic, the end to chronic disease. But just to start the
01:15 commencement of the news review. Maxwell, a very good morning to you sir.
01:20 Good morning, how are you? I'm fine. You're always like taking me down, down that
01:29 stretch, though my OT people will bombard me with chi instead. But anyway,
01:36 it's another day, right? As I always do, I would like to find out, I don't know
01:42 when the last time was that you went to the constituency that you are gunning
01:45 for and what's the situation is there, especially as the rains are back.
01:51 And then if there's any topical matter, for example, your side in
01:56 Parliament, though you are not in Parliament yet, but your side in
02:00 Parliament has said that they will pitch camp at the Central Bank, giving a 21-day
02:07 ultimatum on the back of some expenditure from the year 2022. If you
02:12 have any quick thoughts and tell me what's your constituency been like, then
02:15 we can quickly get into the papers. You should be able to finish this in about
02:20 two minutes, so we start. Good morning, Ben. Good morning to my constituents
02:26 from Sugar Cove, Teleport, Kamasu, Bui and all the environs. I am actually speaking
02:31 from my constituency, I've been here for some time. I'm currently under an NGO, I
02:38 partner with an NGO which is doing eye screening, medication, giving lenses and
02:44 even going to do surgery for my constituents for free. What exactly for
02:51 free? And today we'll be at the Global Evangelical Church where the program is
02:56 scheduled to take place. I'm also visiting the BSE candidates from centre to centre to
03:02 encourage them and to motivate them. I was asking what it was that was for
03:11 free, I didn't quite hear it. No, the screening is free, medication is free.
03:19 Screening, yes. The screening is free, the medication is free, the lenses have been
03:26 so subsidized. Okay, so it is eye screening. Okay. Yes, eye screening, eye, yes. Okay.
03:32 It is for the lenses and then what to do, those that will have to operate on, the
03:40 surgeries. The surgeries will also be done for free and so that is what I'm currently
03:44 doing in the constituency, together with visiting my BSE candidates and to motivate
03:48 them to produce the best that they can out of their first external exam that
03:52 they are undertaking and so that is what I am engaging throughout this week and so
03:56 I speak from the constituency. Okay. All is quite well but as usual the issue
04:05 about the finances, the economy is so dire. I just received an SOS message this
04:10 morning, the person needs a handbrake anaesthetist and if that handbrake anaesthetist doesn't come, he may end up
04:15 ending his life today. That is the extent of the way things are harsh for people who are on the council side.
04:24 And so for me it's really terrible, it's really terrible. But I hope, I hope you
04:31 spoke to this person, you gave some counselling to this person in terms of
04:34 not ending their life. Why I would you know focus a bit on that is recently we
04:40 saw even a seven-year-old, seven-year-old school pupil take his own life and he
04:45 knew exactly what to do. So yeah I hope, I hope that whatever the situation may be
04:52 even if you you gave the person what they needed, hopefully this doesn't arise
04:57 again or at least you gave the person some counselling or directed them where
05:01 they can get some counselling because when people get to that point, the point
05:06 of desperation, then sometimes you know life becomes meaningless and they want
05:12 to do certain things that ordinarily they wouldn't want to do. So I hope, I
05:16 hope at least you did something of the sort moving forward.
05:20 Yeah sure, we hope that we will continue to counsel people and give them some direction and some hope.
05:26 People are gradually losing hope in themselves, in their whole country and we may be seeing most of
05:32 these things in recent times but I hope and pray that with our interaction with
05:36 them and the ability to give them some hope and some leverage, I'm sure they
05:40 will come around and we just hope and pray. Things are really bad, man, things
05:45 are really, really bad. It's not as it used to be. It's not like this person is
05:49 not engaged in any meaningful venture to make life meaningful for himself but
05:54 things don't add up. You hit here, it doesn't hit. You hit the other side, like JGM will say
05:59 "clack, clack, clack, clack, clack" and nothing comes out. And so it's becoming crazy as the days go by.
06:04 But I just hope that we'll begin to listen to each other, give direction and
06:09 give hope. Leadership at the top should be able to make us feel that the way we are
06:14 feeling, they are feeling the same thing. But if it is so reversed and then you think that
06:18 they are in heaven and then you are in the hottest part of hell, then it makes you feel like
06:22 you are just ending the path. For me, I would say that the last resort is not ending life.
06:28 Speak to somebody. For instance, this person that I'm talking about spoke
06:33 through somebody and he's got into me. I saw the message about two or three
06:37 minutes ago when I was getting ready to come on set. And so after this, I'll find a way of
06:41 getting to him and making sure that I restore some hope to him and get him
06:46 back to his feet. I pray and hope that God grants me grace and the ability to be able
06:51 to provide what I have to provide to him too.
06:53 Right. Let's get into the papers now, find out what they have to share.
06:58 And of course, the banner headline there from the Daily Graphic newspaper,
07:01 60 billion Ghana CD loss. We took half of debt haircut.
07:06 That's according to the Bank of Ghana. And I can understand that.
07:09 But my concern, I want to get microscopic with this for us to delve into the bits about
07:15 maintenance of vehicles, for example, and the sums that were spent about travel,
07:19 for example, and the sums that were spent about the sums of money given to directors
07:22 and staff and the sums that were spent and the increments year on year 2021 to 2022
07:27 of over 240 percent, over 100 percent, 87 percent.
07:32 Those are the things I want to look at. I'm not even so concerned about the DDEP.
07:36 Well, the central bank played along and some would say their hands were tied.
07:40 And that, for me, also boils down to the fact that we have political appointments
07:45 to the leadership of the central bank. That is one of my problems.
07:49 Here in our part of the world, all these things are very problematic, very problematic.
07:55 But beyond that, the microscopic details of the Bank of Ghana,
07:58 its own internal workings and these sums of money, like Maxwell was pointing out,
08:03 if the rest of us are in a certain flux, a certain fix, and we're feeling the pinch,
08:08 tightening our belts till our waists are this small.
08:11 And yet it appears that some other people are now living large and expanding their waist sizes.
08:19 Then that is where we begin to have problems.
08:21 But no tax stamp, no textile sale.
08:24 And Abu Ghi's flats under lock and key. Teachers commute from Accra to Koforidia,
08:29 that is to the school.
08:31 There's also district level election, easy to announce new date and supplement
08:35 on US Ghana Business Expo 2023.
08:38 So let's hit the ground running with those stories.
08:42 And the Bank of Ghana has explained that 53.1 billion Ghana cities out of the 60 billion
08:47 losses it posted in its 2022 financial results were a direct result of the government's domestic
08:53 debt restructuring exercise, both the first and second phases.
08:56 A statement from the Bank of Ghana made available to the Daily Graphic yesterday said,
09:01 "Domestic debt exchange, which was a major plank of the corrective action required for
09:05 the International Money Free Fund program, did not achieve the required target.
09:09 The target was for the stock of government debt to be halved from 105% of the gross domestic
09:14 product to 55% of the GDP by 2028."
09:20 Now contextualizing the 60 billion Ghana city loss and its financial results for last year,
09:24 the Bank of Ghana said the losses emanated from challenges the country had faced since 2019.
09:30 The statement further said there was a clear mismatch between revenue inflows and expenditure
09:35 financed in 2020 by exceptional support from the IMF and the World Bank resources.
09:40 I can read through all of these and say, yes, you may have some reason to part of what you're
09:47 saying, but this gargantuan loss obviously comes with consequences.
09:53 And in one year, on the back of the DDEP and on the back of the less than 10 billion Ghana
10:00 city loss that the bank would have incurred anyway without the DDEP, 60.8 billion Ghana
10:05 cities.
10:06 That is twice as much as we've gone to the IMF for.
10:09 So how then do we make any headway as a country?
10:13 It's like borrowing your way into the ground and living a life where you are borrowing
10:19 ad infinitum without any pause.
10:21 So you are always in debt and that's where Ghana finds itself.
10:25 And now with this add on of about 20% to our debt stock, why does that leave us?
10:30 Maxwell, quick thoughts.
10:31 We've already started to talk on this.
10:33 So very quickly and then we'll leave it.
10:34 Yeah, Ben.
10:36 So eventually I may join the parliamentarians who are going to pitch camp at the Bank of
10:41 Ghana to ensure that the...
10:42 But you're not a member of parliament yet.
10:44 I said I'm going to join them.
10:47 Don't I have the right to join any group of my choice?
10:50 I was just saying, I was just wondering.
10:53 I'm only saying that I'm going to join them to pitch camp.
10:56 I'm not sure that the pitching has been limited to only the parliamentarian.
11:01 I am a citizen of Ghana and I feel strongly about the things that are happening.
11:05 And I decided to join a group and to do whatever I think we need to do to benefit the country.
11:10 And so you are also welcome to join us, if you so please.
11:12 I see that you are piqued by the kind of explanation these people are giving to us.
11:19 And they think that we should take it hook, line and sinker.
11:23 Who doesn't know what maintenance is?
11:25 Who doesn't know the cost of fuel?
11:27 Who doesn't know that if things increase beyond your budget, you have to cut down on your expenses?
11:32 Who doesn't know that travel expenses may not necessarily be by force?
11:35 If you have to send five delegations and you know that the budget you have is half of that,
11:40 why don't you send two or three?
11:41 So what explanations are they giving to us?
11:45 You said that you have decided to cap it, camp maintenance.
11:48 And you have added fuel, you have added lubricant, you have added repair,
11:51 you have added more travel, you have added what?
11:54 We are listening to all those, but the issue is that you have a budget, don't they?
11:58 You have a budget and you have to run within the budget.
12:00 If it is your personal money, is that the way they are going to spend it?
12:04 No, they won't.
12:05 Is it because it is a money for Bank of Ghana, so they decide to go on their spendings free?
12:09 And they are behaving as if MPP has,
12:12 MDC has concocted new stories that we are putting across.
12:15 It is the same auditory report that is being put across and being analyzed.
12:20 Like we are saying now, we are analyzing the line by line expenditure for them.
12:24 And so they are coming out with this kind of explanation,
12:26 and they think that we should just take it.
12:28 This is what makes people more angry as the day goes by.
12:31 And so for me, I think that if they keep quiet, they are better to be for all of us.
12:37 But the more they try to explain, the more they try to infuriate people
12:41 and the worst things become for us.
12:44 And so, sure, after the 2021, if he doesn't resign, the deputies don't resign,
12:50 I will join them with pitch camp and make sure that we put so much pressure on them
12:54 so that they can resign and we turn things around for this.
12:57 It's just becoming too bad.
12:59 I don't know whether it's become an extension of the MPP.
13:02 They are so inert.
13:03 They are so...
13:04 Thank you, Maxwell.
13:05 They are so clueless.
13:08 And they keep talking and they keep making noise in our ears
13:12 as if we don't know what governance is all about.
13:15 They behave as if they are the best government we have ever had in our Republic.
13:19 But several people have gone and have passed.
13:21 But let's also face the fact that there have been other governors.
13:26 I remember from all the days, way back from the days of Agama,
13:30 when he was governor and all of that.
13:32 And none of them has had it particularly rosy,
13:34 even before when he was governor, before he became minister of finance.
13:38 He also had his own woes.
13:39 It's just that this time, there are, especially when you are,
13:43 you know, proposing a program for support from the IMF
13:46 and some of these matters rear their ugly heads,
13:49 then it becomes problematic.
13:50 But I think we should also give them some leeway.
13:52 It's not as though they have been so abysmal.
13:55 But last year, and on the back of some of what we've seen,
13:59 it's horrendous, basically.
14:02 - Babel, has anybody put a knife on their neck to do a new headquarters?
14:05 Has anybody put a knife on their neck?
14:07 - Well, that one is a big bone of contention.
14:11 Building new headquarters at the cost of $250 million,
14:14 the equivalent of about 2.8 billion Ghana cities.
14:18 That one, I mean, I have my very, very, very grave concerns about.
14:23 But let's make track so that we don't end up spending all the time on just this.
14:27 No tax stamp, no textile sale.
14:30 That story on page 13 of the Daily Graphic newspaper.
14:33 From October this year,
14:35 "No textiles can enter or be marketed in the country without a tax stamp."
14:38 The Ghana Revenue Authority, which is implementing the tax measure,
14:42 said affixing tax stamps to all textiles imported or locally manufactured
14:46 would save the local textile industry from collapse
14:48 and help it to build back to create jobs.
14:53 This is one of the two initiatives being rolled out by the GRA
14:55 following the amendments to some tax measures.
14:58 The other measure is the imposition of tax on gaming operators and gaming wins.
15:03 You do know that it was said recently that soon 10% of winnings will be taxed.
15:10 Abu Ghis flats under Lock and Key
15:12 and a fully completed residential building
15:14 for teachers of Ebru Girls' Sydney High School
15:16 has been abundant for the past four years
15:19 following the contractor's refusal to hand over the project.
15:22 In this country, we are funny.
15:24 While some staff of the school continue to bear the brunt of the closure,
15:26 the contractor insists that he needs to be paid additional money
15:29 to enable him to complete the work.
15:31 In an interview with the Daily Graphic yesterday,
15:33 the Ghana Education Trust Fund Secretariat,
15:35 the financier of the project,
15:37 stated categorically that it did not owe the contractor.
15:40 Officials of the Secretariat showed the Daily Graphic a schedule
15:44 confirming the full payment
15:45 and explained that consistent with every contract,
15:48 the financier holds a retention against defects
15:50 which would be paid to the contractor
15:52 after the defect liability period had elapsed.
15:56 Ghana for you.
15:57 Ghana for you.
15:59 At page 17, easy to announce new dates.
16:02 The Electoral Commission will announce a new date
16:04 for the district level elections,
16:06 Dr. Sribwa Kweku, Director of Electoral Services has said.
16:09 This has become necessary after the October 3, 2023 date
16:12 initially set for the election was cancelled.
16:14 Quick reflections, Abu Giz and of course,
16:17 we also have the tax stamps on textiles
16:20 to protect the local textile industry.
16:23 Quick thoughts, quick, quick, quick ones, Maxwell.
16:25 Yeah, Ben.
16:26 So, the Abu Giz case,
16:28 I think that it should be signed by the contractor,
16:30 the arrangement is there.
16:32 And if all monies have been paid to the contractor,
16:34 I am part of them, we do contract and it's on.
16:36 The retention will be kept after, I think, six months or so,
16:40 then it can be paid back to you.
16:41 But for a contractor to be asking for more money
16:44 to be able to finish their work,
16:45 might have meant something.
16:46 I'm not sure how far that will go.
16:48 - And there are defects.
16:49 They are saying that there's also a retention procedure
16:52 when there are defects that ought to be fixed.
16:54 But for me, Maxwell,
16:56 I'm wondering how this could have gone on.
16:58 Now you have teachers commuting from Accra
17:01 all the way to Ibri and other places,
17:05 Koforidia and others.
17:06 And for four years, this has been going on.
17:10 What kind of country are we?
17:12 Four years.
17:13 - Yeah, so, Ben, you see,
17:18 so this government, don't take them serious.
17:20 Whatever they tell you,
17:20 go to look at the other side of the story.
17:22 Any of you can speak to the contractor
17:24 and hear the other side of the story.
17:25 That's why I'm saying that if all things were well,
17:27 the contractor would have been taken to court by now.
17:29 No serious contractor who is waiting
17:31 for his retention to be paid to him
17:33 will lock up the facility
17:34 because you have to hand over
17:36 six months clear after that
17:37 before the retention is paid to you.
17:39 So if you know you have a retention to take,
17:41 you would hand over quickly
17:42 and get your money after six months.
17:44 So it means there's an issue there.
17:45 You see, during the course of contract,
17:47 variations come.
17:48 There are times that the consultants will come
17:50 and vary the amount of work that you have to do.
17:53 We call it additional works.
17:54 So if they give you instructions
17:55 to do additional works,
17:57 certificate has to be prepared on same.
17:59 I don't know whether they are intending
18:00 to add the additional works
18:02 to maybe the retention to be paid to him.
18:04 But maybe he's also asking for that.
18:06 So if all things were well,
18:07 government would have taken this contractor to court.
18:09 And by now, I'm sure he would have handed over.
18:11 So for them to be waiting for this for years
18:13 means there's something more to it.
18:15 I hope you get me.
18:16 So it is time we go behind the scenes
18:18 and get this contractor
18:19 and see what can be done about it.
18:21 For him, whether teachers are commuting from Accra
18:24 or from Kufruda or from wherever,
18:25 may not be too much of his issue.
18:27 It's about business.
18:28 It's about contract.
18:29 And so government has to meet him
18:31 wherever he has to be met.
18:32 And then some of the issues
18:34 and the Bangalore handed over.
18:35 If government is serious about this,
18:37 they will sit down with him.
18:38 But up to now, four years,
18:39 like you said, are we in a serious country?
18:41 How can this happen in a very civilized society?
18:44 No, it won't.
18:45 So for me, it is not the best.
18:46 The tax stamp on the test of product,
18:48 yes, we are all looking for ways
18:50 to increase our taxes and our revenue.
18:54 And so that's a way we are going to get.
18:56 And also because I've dealt with the local
18:59 tester industry,
19:02 I know the challenges they go through.
19:04 And so once you do that,
19:05 you make them a part with the foreign cheap testers
19:08 that come into the country
19:10 because we need to patronize
19:11 this local tester factories
19:13 and make sure that their products are around us
19:15 at a very cheaper cost
19:17 that can leverage on those that come from outside.
19:19 All right, let's make tracks.
19:21 - I don't do the bet.
19:23 Say that again.
19:24 - I was saying we should make tracks.
19:26 Are you on the electoral commission now?
19:28 - No, I'm on the tax, the tax on the bets.
19:32 - Okay.
19:33 - I don't do the bet.
19:36 But yesterday I saw some of the young ones
19:38 who mostly engage in this
19:40 and they were not happy about the policy decision to tax
19:45 the little they get from it.
19:46 They complain that they don't have much to do,
19:48 that the little they do and they get
19:49 their little income from that,
19:51 they suffer to make it.
19:52 But at the end of the day, as a country,
19:55 it is necessary that in everything you do,
19:58 some tax will be taken.
19:59 It is the amount that is going to be taken from them,
20:02 which I think should be the issue.
20:03 If it will be looked at reasonably,
20:05 I'm sure they will be able to go through.
20:07 I don't do the bet myself,
20:08 so I don't do the details.
20:10 I might not be able to speak to well about what is there.
20:13 - All right.
20:15 Let's quickly wrap with these stories.
20:17 - Let's look at these things critically
20:19 because these are really hard for us.
20:20 - Right.
20:21 - To see that that is a safe haven for them
20:24 or that's where they come from.
20:26 Then we are also going to hit hard on them, I'm sure.
20:29 - All right.
20:29 - If we don't take care of this-
20:30 - We have to make tracks.
20:32 Let's move on.
20:33 Let's move on, Max.
20:34 Daily Guide newspaper, "CDS not sacked."
20:36 That's according to the army chief,
20:38 picture their vice admiral, Seth Amwama.
20:42 Bley, I'm talking about Freddie Bley.
20:44 Freddie Wasimu Bley leads GNPC to Guyana Confab.
20:48 There's also OSP Freeza Siciliadapa accounts
20:53 and man sentenced to death for sacrificing son.
20:56 Ignore NBC Bank of Ghana propaganda, John Kumasesu.
21:00 He is deputy minister of finance.
21:02 Propaganda, huh?
21:03 Anyway, let's get into those two stories.
21:05 Well, the story on Siciliadapa,
21:08 I mean, nothing much in there.
21:09 OSP Freeza Siciliadapa's accounts,
21:11 that basically summarizes it.
21:15 The accounts are said to hold significant quantities
21:18 of CD and dollar currency,
21:20 and they were administratively frozen
21:22 by the special prosecutor who has already filed documents
21:25 in court asking permission to continue the action.
21:27 Following the news that she was keeping
21:29 more than $1 million in her home,
21:30 the former minister is still being investigated.
21:32 There have been the court proceedings and all of that.
21:35 But I asked myself, like happened with the PPA,
21:38 former boss, Adjenimboateng Eje,
21:41 and how he got his sums of money back.
21:44 This one too.
21:45 Anyway, let me, the focus is going to be on page six.
21:49 Page six.
21:53 Now, man sentenced to death for sacrificing son.
21:58 A 33-year-old food vendor has been sentenced to death
22:01 by an Accra High Court after he was found guilty
22:03 by a jury for throwing his two-year-old son
22:06 into the sea near Akuma village, Accra,
22:10 as a sacrifice to become rich.
22:12 The convict, Prince Akwe, AKA Jew,
22:15 according to court documents, had engaged in occultism
22:18 and killed his son for sacrifice in April, 2021.
22:23 Sad development, very, very sad development.
22:27 There's also the business finder, NLA exempted from 10% tax.
22:32 Other licensed private lotto operators cry foul.
22:36 So how is that?
22:37 And there's also inflation inches up to 43.1%.
22:41 (speaking in foreign language)
22:44 Hmm.
22:44 Let me just do those,
22:46 and then we shall call it a conversation.
22:49 So page four.
22:51 The year-on-year inflation for July, 2023
22:54 has increased to 43.1% compared to 42.5% recorded
22:58 in June, 2023, the Ghana Statistical Service has said.
23:01 The GSS noted that the consumer price index
23:03 for July, 2023 was 191.0 as against 133.5 for July, 2022.
23:10 And this also tells you month on month,
23:12 now for about three months running,
23:14 we've seen increments.
23:16 Again, what is going on?
23:18 Then the final bit I'm looking at,
23:20 is that story meant to be on page nine?
23:25 There was that story, page six, rather.
23:29 On page nine, there was corruption, nepotism,
23:31 injustice erodes state institutions.
23:33 But page six, the National Lottery Authority's 590 game
23:38 has been exempted from the 10% withholding tax imposed
23:41 on the gross winnings from all betting,
23:43 gaming, lotto, and other games of chance.
23:46 And private lotto operators
23:48 and third-party collaborators operating NLA's 590 game
23:51 will also not pay the 10% tax on wins.
23:54 But licensed private lotto operators are crying foul.
23:58 They are saying, "Why should we be picking and choosing
24:00 as far as this tax is concerned?"
24:03 Final thoughts, Maxwell.
24:05 Our time is up, so I'm giving you 30 seconds.
24:07 Let's go.
24:07 - Yeah, so Cecilia Adapa,
24:10 these are the fallouts we are getting.
24:13 But as the days go by, we hear about new things
24:17 and it only tells us that all is not well.
24:20 I just hope and pray that the OSP will stand on his feet
24:23 and not be swayed as usually that the president does
24:26 what he did to the former OSP boss.
24:30 And then I hope and pray that same thing
24:32 doesn't befall him.
24:34 And then we'll get some positive results coming out
24:35 of whatever he's doing.
24:37 As for John Kumar talking about NDC doing propaganda,
24:41 it's laughable.
24:42 I don't think he's serious again.
24:44 Himself and his boss, Ken Ufuriata,
24:47 especially about the IMF thing,
24:49 were never going to go before a day or two we were there.
24:52 And so I don't think he's serious again.
24:54 What is the propaganda in whatever the NDC is talking about?
24:56 Have they manifested any new stories or any new headlines?
25:00 It is what has come up with the Bank of Ghana
25:03 that we are analyzing.
25:04 And so for me, we don't want to take them serious.
25:06 - Right.
25:06 - For the woman who has thrown the son into the sea
25:10 as a sacrifice to make money,
25:12 it only goes to tell us how desperate we have become
25:14 as Ghanaians and the way things are not going too well for us.
25:17 - That story, actually, that incident happened in 2021.
25:22 But thank you, Maxwell, for joining the conversation.
25:24 We're so grateful, always glad to have you.
25:27 Maxwell Lukutu is an NDC parliamentary candidate
25:30 for South Tonghe.
25:31 He joined the conversation.
25:33 Have a good day, sir.
25:33 And now as we wrap and segue into sports,
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26:08 Bringing us to the end of the news review,
26:11 but just the start of all the sporting action
26:13 coming your way up next, Tuesday.
26:16 (dramatic music)
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