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Ghana signs $66 million agreement with China in respect of James Town Fishing Port Complex

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Finance Minister Ken Ofori-Atta

Ghana and China have signed agreements totaling $66 million to support the Jamestown Fishing Port Complex and the implementation of projects, including the second phase of the University of Health and Allied Sciences.

Under the bilateral agreement, China is providing a grant of about $16.0 Million to Ghana for the implementation of projects including the Phase 2 of the University of Health and Allied Sciences.
As regards the Exchange of Notes on Jamestown Fishing Port Complex, China is providing an amount of about $50 million for the implementation of the Project.

The project is in three major parts, involves the dredging (about 118,000 cubic meters) harbour basin and shipping channels; construction of hydraulic structures (about 1,200 meters) composed of berths, Seawall and a breakwater; and construction of administration, production and supporting facilities, including an office building, kindergarten, trading market, processing area, commercial area and other production and supporting facilities.
The project is expected to enhance the productivity of the fisher folks and create about 1,000 job opportunities for the teeming youth in the community.

Finance Minister Mr. Ken Ofori-Atta signed Ghana and Madam Sun Baohong initialed for China.
Mr. Ofori-Atta said the signing marked another important milestone in the bilateral economic relations between Ghana and the People’s Republic of China as it reaffirmed commitments and determination to broaden and deepen the bilateral cooperation between the two countries.

He said Ghana currently was at a stage in its development trajectory that required massive investments.
“Indeed, if we are to achieve this aspiration, there is the need for that critical mass of resources to push the economy beyond aid right from the onset of the implementation of strategies to get there,” he said.
Mr. Ofori-Atta said the government was striving hard to ensure macroeconomic stability that would help create the enabling environment for accelerated economic growth to catapult Ghana beyond aid.

On her part, Madam Sun said China and Ghana have been very important development partners, saying bilateral trade between Ghana and China last year reached 6.67 billion US Dollars and it ranked sixth among 54 African countries.
“China is Ghana’s largest trading partner and what is worth noting is that Ghana’s export to China surpassed 1.85 billion dollars and registered an increase of over 41 percent,” she said.

Last year, China’s financial investment in Ghana reached $123 million and they have invested in 25 projects, the number of the projects ranked top among all the foreign investment countries.

Madam Sun said China 80 satellite TV project to 300 Ghanaian villages would be implemented in May while the James Town Fishing Port Complex would kick off within this year.

“We are doing feasibility studies on phase two of University of Health and Allied Sciences now and we are going to do the feasibility for Cocoa Processing Project in Sefwi Juaboso, and we have begun the implementation of donation of police vehicles and equipment,” she said.

She said China fully supported Ghana Beyond Aid initiative of the government and we wish that this aspiration will be realized with the help of international partners.

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Cristiano Ronaldo ‘Admits He Paid Rape Accuser $375k Settlement As His Lawyers Demand Her Civil Lawsuit Is Dismissed’

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Cristiano Ronaldo

Cristiano Ronaldo, 34, has admitted he paid his rape accuser Kathryn Mayorga $375,000 in hush money in 2010.

This comes after Las Vegas authorities announced last month that there was not enough evidence to bring criminal charges against the Juventus striker.

American model, Mayorga claimed the football star raped her in a Las Vegas hotel room in 2009 but Ronaldo strongly denies the claims. She also admitted that she took $375,000  from Ronaldo back in 2010 as part of a private settlement and also signed a confidentiality agreement vowing to keep her mouth shut about the alleged incident.

While Mayorga is pressing ahead with a civil case, Ronaldo’s lawyers want to have it thrown out over claims that they already settled it with a payoff and confidentiality agreement in 2010.

In newly filed court documents obtained by TMZ, Ronaldo’s camp acknowledged the $375,000 figure.  His lawyers say the payment was not an admission of guilt, but merely an effort to keep the story from public attention.

“Mr. Ronaldo paid Plaintiff the sum of $375,000 and both parties agreed to be bound by explicit confidentiality and non-disparagement obligations,” the new court docs filed by Ronaldo state.

Mayorga’s lawyers now want the agreement thrown out.

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6-Year-Old Girl Abducted At Labone, Accra

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A pretty 6-year-old girl has been abducted in a rich community in Accra leaving the family and loved ones devastated.

According to the reports on social media, the pretty little girl was kidnapped on Saturday, 17th August 2019 at Labone in the Greater Accra Region of Ghana.

Already the family has reported the abduction of the young lady to the police who has launched an investigation into the case.

Ghanaians and sympathizers have been advised to call the Station Officer handling the abduction case on (+233) 0244266422 with any information on her whereabouts.

Sharing the news on social media, veteran Ghanaian media personality, Caleb Nii Boye posted.

Her abduction comes at the time Ghanaians are still worried about the whereabouts of the missing Takoradi girls amidst the discovery of human remains in the house of the key suspect

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Nana Appiah Mensah’s Full Speech At Menzgold Press Conference

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Good morning Ladies and Gentlemen of the Press.

Thank you for coming to this event meant to provide you with the detailed state of our companies especially, what has bedeviled Menzgold for the past twelve months and the way forward.

May I state humbly that, this communication is without Prejudice.

First of all, let me start by praying the almighty God for grace today and to thank him gratefully as we count our many blessings.

Let me also take the opportunity to thank the Government of Ghana; Ambassador of Ghana to the United Arab Emirates; His Excellency Alhaji Ahmed Ramadan, for the consular services extended to me during my eight months detention in Dubai. I thank the Ghana Police Service for the warm reception and the exhibit of professionalism in the discharge of their duty on my arrival to Ghana on the 11th July, 2019.

I express my greatest form of immense gratitude to the ruler of Dubai, His Royal Highness Sheik Mohammed bin Rashid Al Maktoum, in his gracious name the Dubai Prosecutions and the Dubai Courts exhibited the highest form of integrity, by boldly upholding the rule of law, handing me justice before the Dubai first instance and superior Courts in the case number 68807/2018, an acquittal and discharge. May Allah, ever merciful, most compassionate bless and prosper Dubai forever. Allah Kareem.

I owe an immense debt of gratitude to the people of Ghana, our legal team abroad and in Ghana, led by Mr. Kwame Boafo Akuffo, my brother and my good friend; who has been resolute, exhibited loyalty and courage in the face our adversity, exhibiting his service and commitment to nothing but the law.

Today, I cannot forget to bless the over one thousand staff of Menzgold, Zylofon Media, Brew Marketing Consult and all our other companies in Ghana, as well as our families for their unwavering support, since the unfortunate events of the past few months. To you all I say; you made a good choice which would be well rewarded by God almighty, especially Mr. Kwame Boafo, like the biblical Moses, you chose to side and share in the afflicting of God’s people, instead of enjoying the temporary pleasures of sin. Thank you so much.

I also reserve my biggest gratitude to our cherished Menzgold customers for their continued support, encouragement, loyalty and prayers through the trying times. Thank you.

Even though I am still receiving the much-needed medical attention, swellings-blood clots in my pelvic region and knees with excruciating pains following a past surgical procedure, due to my well-publicized long nine-months detention in Dubai and Ghana. Regardless, I deem it very fit to make this address to the general public, especially to Menzgold customers in a bid to keep them abreast with the on goings.

Menzgold Ghana Company Limited is a licensed reputable Ghanaian gold dealership firm, with six years of impeccable and enviable service delivery and gold trading record. It would interest you to know that in five years, Menzgold consistently met the demands of its customers, suppliers and foreign partners who do business with us, but for the force majeure; the regulatory questions raised by the Bank of Ghana and the Securities and Exchange Commission; regulatory intervention of which we respectfully contested and is still before the Ghanaian courts of law. A question of statutory interpretation of; as to whether or not the trading of gold collectibles or jewelry and the return of monthly profits on same to traders is, “Deposits-Taking” or “Deposits Mobilization” Activity or “trade in Securities”. As to whether or not the exports of tons of gold dore bars of very fine percentage purity, with many evidence of inflows in forex via the bank of Ghana is a “Ponzi scheme?”, praying the just and august Ghanaian Courts to make consequential orders to repair Menzgold damage, if any.

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