President John Mahama has told opponents who say that they cannot feel the positive result of the growing economy “in their pockets” that he, as the head of the nation, cannot individually go round the breadth and length of the country placing money into people’s pockets, further adding that such opponents can fill their pockets with cash by taking benefit of the chances that prosper in the successful economy.
Answering to a question to the media on Thursday April 21, about opponents saying they could not realize the positive change of the growing economy in their pouches, Mr Mahama, who is on his ‘Accounting to the People’ tour, stated, “The fact is, when you speak about the economy, what the economy fixes is, it produces opportunities for people, and, so, you would see that as the economy develops, it throws out natural employments that people can take benefit of. But if you do not have the abilities, or you do not have the ability to take advantage of an increasing economy, then you will not realize it in your pocket.
“…The thing is, if you round about ‘feeling it in your pocket’, it doesn’t mean that the president is going to come from home to home and calculate money and give it to everybody to kept it in his pocket. The economy will deliver the opportunities, but it’s for the public to take benefit of it.”
Mr Mahama explained, The same thing I just supposed about cocoa production …we are increasing about how many thousands of seedlings of cocoa in the northern Volta area; Government is doing its bit: we are making available the seedlings out for free and we are giving all the ideas, agricultural growth advice, and everything for free, and, so, if the chiefs give the fresh people the land, then we can produce cocoa and the young people can take benefit
. …One of the farms has crop up in the North Tongu area…and that farm, only, is employing nearly a thousand young people, rapidly, to work, and, so, these are things that are occurring. But if everybody is sitting with his hands crossed and saying that: ‘Oh, but if they say the economy is growing, why am I not feeling it in my pocket?’ you need to get up and take advantage of the opportunities that the economy is creating and that is how money comes into your pocket.
BREAKING NEWS: BoG takes over Unibank
The Bank of Ghana has announced it has taken over the management of private bank, Unibank.
The Governor of the central bank explained at a press conference, the takeover is due to challenges facing the bank. He mentioned weak supervisory standards and weak operations as the cause of the challenges.
Ernest Addison said the bank, adjudged the 6thbest performing company in Ghana at the Ghana Club 100 awards in 2017, provided inaccurate data during the central bank’s effort to resolve the problems last year.
He assured depositors their money is safe, stressing “we are not liquidating the bank, we are saving it.”
The take-over comes weeks after Unibank announced it was taking over adb.
The top management of Unibank are Dr. Kwabena Duffuor II who is Chief Executive Officer, Ekow Nyarko Dadzie-Dennis Chief Operating Officer, Executive Director Owusu-Ansah Awere, Executive Clifford Duke Mettle, Director of Risk Management Kwesi Nkrumah Pimpah.
Photo: CEO Kwabena Duffour II was awarded the most enterprising young executive award in 2017.
The bank’s company secretary is Sylvia Assimeng-Archer, Executive Head of Treasury and Global Trade John Collins Arthur, Executive Head of Corporate Banking Elsie Dansoa Kyereh and Executive Head of Innovations and Business Execution Florence Ohene.
This executive management are expected to give way to new control, KPMG appointed by the central bank.
The bank was founded in 1997 by Kwabena Duffour who later became Finance minister under the Mills administration.
But after 20 years of private management, Kwabena Duffour who is a former Governor of the Bank of Ghana loses control of unibank to his former employers.
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