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Atwima Kwanwoma Rural Bank makes GH¢17 million profit after tax

By
ERNEST BEST ANANE
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Kwame Kyei Kusi, Board Chairman - Atwima Kwanwoma Rural Bank

The Atwima Kwanwoma Rural Bank recorded a growth in profit before tax from GH¢9,441,868 in 2022 to GH¢24,712,060 in 2023 representing growth of 161.73%.

Its profit after tax moved from GH¢6,974,035 in 2022 to GH¢17,167,737 in 2023 representing an increase of 146.17%.

Mr. Kwame Kyei Kusi, the Board Chairman of the Bank who announced this feat at the 41st Shareholders Annual General Meeting said that in spite of the national and global economic challenges in the financial year, the Bank continued to record strong performance for the year under review, in comparison to 2022 financial year.

According to him, year on year performance shows momentous growth with the key performance areas such as Deposits, Investments, Paid-up capital and Total Assets and others.

The Board Chairman indicated that at the end of the financial year 2023, the Bank’s total deposit stood at GH¢378,072,248 as against GH¢293,938,997 in the previous year, recording a percentage increase of 28.62%.

He said Investment portfolio also grew from GH¢227,427,147, in the year 2022, to GH¢297,782,142 in the year 2023 representing an increase of 30.94%.He disclosed that the Bank’s total loan portfolio stood at GH¢76,652,534 in the year under review as against GH¢57,818,466 in 2022, an increase of 30.94%

He revealed an increase was recorded in the Bank’s Total Assets from GH¢356,743,095 in 2022 to GH¢ 460,036,059 in 2023, representing a growth of 28.95%.

Mr. Kyei Kusi disclosed that the Bank’s Stated Capital increased to GH¢3,929,712 at the end of the year 2023, up from GH¢3,550,565 in the previous year resulting in an increase of GH¢379,147 representing 10.68%.

He disclosed that as a requirement by the Bank of Ghana (BOG), all Rural and Community banks are to meet a minimum stated capital of GH¢1 million but the the Bank recorded an increase in its shareholders Fund from GH¢48,150,683 in 2022 to GH¢64,295,077 in 2023 representing 33.53% growth.

He appealed to the shareholders to buy more shares since the Bank of Ghana may very soon increase the minimum requirement.

Mr. Samuel Bonsu Sekyere, Chief Executive Officer the Bank said the bank was focused on increasing deposits to be in business.

He disclosed that management has intensified efforts in deposit mobilisation and opened a new branch at the Central Business District (CBD) of Kumasi towards bringing customers closer to the doorstep of the bank.

Labour Minister Extends Tenure of SSNIT Board

By
MAXWELL OFORI
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The Minister for Employment, Labour Relations and Pensions, Ignatius Baffour Awuah

The Minister for Employment, Labour Relations and Pensions, Ignatius Baffour Awuah has announced an extension of the tenure of the current Board of Trustees of the Social Security and National Insurance Trust (SSNIT.

Their tenure expired on August 9, 2024 but has been extended to January 6, 2025.

The approval for the extension of the tenure of the Board members was granted pursuant to Section 35 (1) (2) of the National Pensions Act,2008 (ACT 766).

The Minister made this announcement during a meeting with the SSNIT Board of Trustees on Thursday, November 28, 2024, at the Ministry’s Conference Hall.

The Minister explained that instead of the reconstitution of a new Board, it will be prudent for the existing Board to continue their work until 6th January, 2025.

Ignatius Awuah noted that the extension of the tenure of the Board is aligned with the tenure of the President.

Akufo Addo inaugurates four 40-bed capacity hospitals in A/R

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admin
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President Akufo-Addo cutting the tape to inaugurate the projects

The president, Nana Addo Damkwa Akufo Addo, has given healthcare in the Ashanti region a major boost, by commissioned four hospitals at different locations of the region, in a single day.

Located at Drobonso, Sabronum, Twedie and Suame, the health facilities, which are 40-bed capacity respectively, aim at improving the health status of residents in the region.

The hospitals are made up of facilities such as Administration, Out Patient Department (OPD), Pharmacy, X-ray, 30-bed wards for Males, Female and Pediatrics, Services block containing Laundry, Stores, Cold room and Staff accommodation.

President Akufo Addo speaking at the ceremony

By extension, the project forms part of €71,500,000 facilities secured from Erste Group Bank AG and Česká Spořitelna towards the construction and equipping of twelve 40-bed hospitals, which include 12-units of 2-bedroom semi-detached accommodation for hospital workers.

The beneficiary communities include; Jumapo, Kwabeng, Nkwatia, Achiase, Manso Nkwanta, Adukrom, Mim and Kpone Katamanso amongst others.

Addressing  a colourful durbar at Sabronum, in the Ahafo Ano South East district of the Ashanti region, as part of his three-days working visit to the Ashanti region, President Nana Addo Dankwa Akufo Addo, who had flown to the area with a military chopper, mentioned that the hospital aims to make healthcare accessible to the people.

He noted that the project intends to make healthcare accessible to Ghanaians by improving existing healthcare facilities and constructing new ones in places where none exist in Ghana.

Akufo Addo further indicated that bringing healthcare closer to the masses remains a priority agenda of the government of the day, adding that it would be sustained.

On his part, the out-going Member of Parliament for Ahafo Ano South East, Mr Francis Manu-Adabor, expressed appreciation to the president for the hospital.

The over elated MP told the function that beyond the 40-bed Sabronum hospital, the constituency has also benefited from agenda 111 project, which is currently under construction at Adugyama – the district capital.

Dasebre Otuo Siribour II urges Ghanaians to uphold peace

By
RICHARD OWUSU-AKYAW
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The Chairman of the Council of State , Dasebre Otuo Siribour II, speaking at the event.

The Chairman of the Council of State, Dasebre Otuo Siribour II, who doubles as the Chief of Asante Juaben, has urged Ghanaians to uphold peace, as the country gears up for elections on Saturday, December 7, 2024.

According to Otuo Siribour II, elections are about individual choices and this must be tolerated by all and sundry.

He added that differences in political inclination should not transcend into violence or anything untoward, emphasising the need to embrace tolerance and respect peoples’ opinion.

He made these assertions at the 38th Annual General Meeting of Juaben Rural Bank Plc., at Asante Juaben over the weekend.

The paramount chief of Juaben was emphatic that tolerance promotes peaceful co-existence, hence Ghanaians should embrace peace and desist from any act that could lead to chaos before, during and after the polls.

Sewua STEM project inaugurated

By
RICHARD OWUSU-AKYAW
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Mr Osei Mensah cutting the tape to inaugurate the project

The Sawua Science, Technology, Engineering and Mathematics (STEM) block has been inaugurated in the Bosomtwe district of the Ashanti region, with a call on Ghanaians to embrace education, since that is the best legacy Ghana can bequeath unto them.

The three-storey project, with ancillary facilities aims to give STEM education is a boost in the area.

The STEM block

Addressing the gathering prior to the inauguration  of the project,  the Ashanti regional minister, Samuel Osei-Mensah, pleaded with Ghanaians to pay attention to STEM educational module since that  is the areas under which developed countries had thrived.
According to Osei-Mensah, the world is transforming and Ghanaians must not be left behind, hence the need to appreciate educational policies rolled out by President Nana Addo Dankwa Akufo Addo and his vice president Dr. Alhaji Mahamudu Bawumia.

These educational strides, Osei-Mensah said at the function, were introduced and rolled out by the Akufo Addo-Bawumia administration to develop Ghana’s education, hence the introduction of free Senior High School (Free SHS) and Free TVET, which was ridiculed by some people.

Using the Girls in Information Communication Technology (ICT) programme to highlight his point, Osei-Mensah noted that the said programme was training girls with ICT skills.
“Not long ago, the Communications minister, Ursula Owusu was in the Ashanti region to train girls in ICT and that is the direction the world is tilting towards. The ICT is an arena that if you do not play at, you will left behind.”

The Ashanti region minister cited Afia Kobi SHS as a prime example of emerging change underway in Ghana’s education.

“Afia Kobi has been able to manufacture aeroplane, ship and this is how advanced nations started.”

The District Chief Executive (DCE) for Bosomtwe, Mr Joseph Assuming, lauded the government of the day for educational infrastructure in the area.
According to him, in 2017, SHSs in Bosomtwe were only thirteen, but today the district can boast of thirteen SHSs, adding that Bosomtwe has benefited so much from the government of the day.
On his part, the chief of Sawuah, Nana Kwaku Amankwa Sarkodie II, expressed appreciation to the Ashanti regional minister, Simon Osei-Mensah, minister for Education , Dr Osei Yaw Adutwum and the DCE for the area – Joseph Asumin.

Amankwa Sarkodie II pleaded with the tutors to teach the children with the love of God.

Businessman Denied Bail In Alleged Fraudulent Sale Of Land

By
BERNICE BESSEY
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Accra Circuit Court

Accra Circuit Court 9 has denied bail to Ibrahim Damtey Botchway, a 64-year-old businessman, who is facing charges of fraud involving land transactions.

The decision, rendered by Presiding Judge, Samuel Bright Acquah, was influenced by Botchway’s ongoing trial in a similar case involving GH¢800,000.00. Ibrahim, also known as Damtey Botchwey, was arraigned on November 26, 2024, and his first appearance in the other case was on November 21.

He pleaded not guilty to charges of Conspiracy to Commit Crime: Defrauding by False Pretence and Defrauding by False Pretence. His co-accused, Asafoatse Paa Nii Osiakwan II and Okantey Shikatse, were absent during the proceedings. The court adjourned the case to December 11, 2024.

Details of the Case

According to court documents, Botchway allegedly engaged in fraudulent land transactions in February 2024. He is accused of granting conflicting rights to a 0.77-acre parcel of land at Odorkor Terrazzo to two separate entities: Chen Shuying and Union Beverages Company. This violates Section 277(2) (C) of the Land Act, 2020 (Act 1036).

The accused is also facing allegations dating back to 2017. He, along with Osiakwan II, a 55-year-old driver, and Shikatse, a 60-year-old mason, reportedly conspired to defraud a businessman, Alex Nartey (now deceased), of GH¢500,000.00. They promised to secure four plots of land at Ofankor but failed to deliver.

The Fraud Scheme

ASP Raymond Ackom, presenting the facts, stated that the accused persons, as members of the Odorkor Twuim Chief’s Palace, misrepresented the ownership of the land to Nartey and his wife, Jennifer. They claimed the land was embroiled in a legal dispute and requested GH¢500,000.00 to settle the matter. The payment was made through cheques and cash.

Despite a court-issued consent judgment in 2021 directing the land’s sale to a third party for at least $500,000.00, Botchway and his accomplices allegedly failed to refund the money as promised. After Nartey’s death, his wife discovered that the land had been sold and developed without her knowledge. Attempts to contact the accused were unsuccessful.

Editorial: Attack On Otumfuo’s Convoy – We Applaud Police Pre-Emptive Response

By
THE CHRONICLE
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Editorial

The Ghana Police Service issued a statement yesterday that it was investigating the alleged attack on the convoy of Asantehene, Otumfuo Osei Tutu, at Techiman in the Bono East Region. According to the statement the Asantehene was returning from a funeral at Nkoranza in the same region, when some youth pelted one of the buses in the convoy with stones. The incident reportedly happened on Monday, this week.

The statement further stated that the police were in touch with the Manhyia Palace and stakeholders in Techiman, as part of their investigations. The police statement did not, however, state whether any arrest has been made or not. The law enforcement agency nevertheless called for calm, as it delves into the case.

First of all, The Chronicle thanks the Police Administration for the prompt statement they issued, which has obviously helped to calm nerves and averted any reprisal attacks, either in Kumasi or Techiman. Since no arrest has been made, no one can tell the motive behind the attack. We are, however, cautioning the youth to be careful when it comes to the issue of tribe and chieftaincy.

Many African countries have been plunged into civil war as a result of tribal and chieftaincy issues. Fortunate for Ghana, she has so far managed to successfully navigate her way through this dangerous terrain. This does not, however, mean that we are completely immune from chieftaincy conflicts, if we do not put our house in order.

Though we have one state with a centralised government, the chiefs in the various regions still wield substantial powers because they have many followers.  And since we are intrinsically linked to our various tribes, attack on a chief is sometimes considered as an attack on the whole ethnic group.

Yes, we concede that no stone was thrown at the car Otumfuo Osei Tutu was sitting in, at least based on the statement that has been issued by the police, but since a vehicle in the convoy was attacked, it is logical for one to conclude that Asantehene has been attacked. This is a dangerous trajectory we should never dare to tread. The youth must, therefore, be careful with the way they behave in the country.

Because we have never gone to war, we don’t cherish the peace we are enjoying in this country. As we speak, the people of Palestine have been surrounded amid heavy bombardments, but they cannot escape. What to eat has even become a problem, as several reports indicate that some of them are starving to death.

If you go to the Democratic Republic of Congo and Sudan, the people do not simply have peace because of internecine war going on in these countries. In DR Congo in particular, people are being slaughtered like animals in the name of war. Is this what the miscreants in the case we are referencing are calling for in Ghana?

As we earlier indicated, the chiefs are the very embodiment of the ethnic groups they represent, so any attack on them is an attack on the whole group they represent. We only hope that what happened at Techiman was a pure criminal conduct exhibited by the youth and has no link to chieftaincy issues. But if the latter is the case, then we are appealing to chiefs in Techiman to rein in their people to avoid any conflict in the country.

Since the Bawku issue has already overburdened the government, the country cannot afford another chieftaincy conflict. This is the reason why The Chronicle is appealing to Asantehene and his massive followers to restrain themselves and allow the police to get the bottom of the matter. Ghana is the only country we have and its security must be of utmost importance to everyone, including the youth who reportedly attacked the convoy.

 

What Is a Migraine Cocktail?

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admin
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A migraine cocktail is a combination of medications that you may use at home to treat a migraine headache. This term is also used to describe combinations of medications that doctors may use to treat your migraine if you seek medical help for one of those intense headaches at a hospital.

Migraine cocktail stigma

Many doctors and people who experience migraines dislike the phrase “migraine cocktail.” According to a 2022 survey of 1,000 members of the American Migraine Foundation community, 9.87% said they found the term migraine cocktail “stigmatizing,” while 7.28% called it “demeaning.”

The reason seems to be that “cocktail” is a common term for an alcoholic beverage. Understandably, people who have migraines don’t want others to think that they drink alcohol to ease their headaches. However, “cocktail” can also be used to describe a combination of medications. It’s worth adding that nearly 40% of survey respondents said they had no problem with the term migraine cocktail.

What’s in a Migraine Cocktail?

A migraine cocktail contains medications that are intended to relieve headaches and other symptoms caused by migraines. There is no single recipe for a migraine cocktail. However, one commonly used combination of over-the-counter (OTC) medications for treating migraines contains:

  • Acetaminophen (better known as Tylenol)
  • Aspirin
  • Caffeine

If you go to a hospital for treatment of an acute migraine, your doctor may use a different type of migraine cocktail, likely including prescription medications. If you are having a relatively mild migraine attack, doctors may try to ease your symptoms by giving you a combination of analgesics, such as NSAIDs or acetaminophen, plus a type of migraine drug called a triptan. If your migraine is more serious, your doctor may add additional medications. For a severe migraine that has lasted at least three days, doctors may try a cocktail that includes some or all of the following:

  • IV fluids
  • An NSAID called ketorolac (given by injection or infusion)
  • A dopamine receptor blocker, such as prochlorperazine, metoclopramide, or chlorpromazine
  • Valproate, which is usually used to treat convulsions
  • Dihydroergotamine, a commonly used migraine drug

Doctors may also choose other combinations of migraine medications to treat your headache.

Migraine cocktail with Benadryl

If you go to a hospital for treatment of a severe headache, you may receive a migraine cocktail that contains diphenhydramine, which is the generic name for Benadryl. Doctors may add this medication because it can reduce certain side effects caused by other migraine medications. In particular, it may help prevent involuntary body movements, which can be caused by drugs called antiemetics. Some doctors think Benadryl may also help treat migraines, but that has not been proven.

Why Do People Get a Migraine Cocktail?

If you experience frequent migraine headaches, your doctor has probably prescribed medications to keep them under control and ease the pain and symptoms when one strikes. But sometimes, you may have a migraine so severe that it won’t respond to your usual pain-relieving medicine. If you have such a migraine that won’t let up, especially if it lasts three days or more, a migraine cocktail may offer relief.

Where to Go for a Migraine Cocktail

Your doctor may suggest a migraine cocktail that you can use at home. However, you may also receive a migraine cocktail if you go to a hospital for treatment of an unrelenting and severe headache. Often, that may mean going to an emergency room. However, your doctor may also give you a migraine cocktail at an outpatient infusion center or in a hospital room, if you’ve been admitted.

Over-the-Counter Migraine Cocktail

You can buy an OTC migraine cocktail at a drugstore, grocery store, or online. These products typically contain a combination of acetaminophen, aspirin, and caffeine. About 1 in 5 people who are having a migraine will experience complete relief of symptoms from this combination within two hours, according to a 2021 analysis. About half will experience at least a 50% reduction in symptoms within two hours.

Migraine Cocktail Alternatives

Taking steps to reduce your migraine attacks can help you avoid needing a migraine cocktail. The following can help lower the number of attacks you experience:

  • If your doctor has prescribed preventive medication, take it as directed.
  • Exercise regularly.
  • Stick to a meal routine by eating at the same time every day.
  • Stay well hydrated by drinking fluids, especially water, throughout the day.
  • Get plenty of sleep and follow a routine for going to bed and waking up.
  • Find a way to manage stress, which can trigger migraines, such as

Credit: webmd.com

Ghana Music Awards UK 2024: Stonebwoy is Artiste of The Year

By
NANA KWESI COOMSON
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Stonebwoy

Dancehall/Reggae Artiste Livingstone Etsa Satekla professionally known as Stonebwoy, has further solidified his status as a worldwide music superstar by winning the coveted Artiste of the Year title at the 2024 Ghana Music Awards UK.

Stonebwoy also won the Dancehall/Reggae Artiste of the Year.

The star-studded ceremony, held at the Meridian Grand, N18 3AF in London on Saturday, November 30, was attended by prominent figures in Ghana’s music industry including King Ayisoba, Joseph Matthew, Fuse ODG, Akosua Agyapong, Mr Drew, and Epixode.

The ceremony was full of honors, including the Lifetime Achievement Award for iconic vocalist Akosua Adjepong and the Special Honoree Awards for Ofori Amponsah and Mark Darlington.

Originally planned for October 29, 2024, the event was rescheduled to November 30, 2024, due to unforeseen circumstances.

Other artiste who also won awards on the night included ‘Joseph Matthew, King Promise, Mr Drew and Sarkodie.

Nacee is very talented – John Mahama on campaign songs

By
NANA KWESI COOMSON
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John Mahama and Nacee

The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama has praised Gospel singer Nacee for his significant contributions in composing campaign songs for the party.

Mahama praised Nacee’s musical talent in an interview with Woerzor TV on December 2, 2024, emphasizing his expertise in sound engineering and his ongoing support in creating campaign songs during election seasons.

“Whenever someone excels at what they do, it’s important to acknowledge and commend their work. Nacee has composed many of our campaign songs, from Onaapo to the most recent one, Kwen Kwen. He is exceptionally talented, particularly in sound engineering, and I consider him one of the best in Ghana,” Mahama said.

He further explained that as elections approach, he reaches out to Nacee to compose a song, with the musician always ensuring he understands the party’s manifesto and vision for the future.

“He does thorough research and always brings out the best in his work. When the election period comes around, I always call on him to help with a campaign song, and he delivers every time,” Mahama added.

Nacee took to his X page to express gratitude to John Mahama for the commendation.

“I am deeply touched by your generous remarks, Your Excellency,” Nacee wrote.

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