Monday, August 14, 2017

BoG revokes UT Bank, Capital Bank licences GCB takes over.

The mother bank of Ghana, the Ghana Bank of Ghana has revoked the licenses of the UT Bank Ltd and Capital Bank Ltd in a press release made available to us
Read the press release below



The Bank of Ghana has approved a Purchase and Assumption transaction with GCB Bank Ltd that transfers all deposits and selected assets of UT Bank Ltd and Capital Bank Ltd to GCB Bank Ltd. The Bank of Ghana has revoked the Licences of UT Bank Ltd and Capital Bank Ltd. This action has become necessary due to severe impairment of their capital. The remaining assets and liabilities will be realised and settled respectively through a receivership process to be undertaken by Messers Vish Ashiagbor and Eric Nana Nipah of PricewaterhouseCoopers (PwC).
The main offices and branches of UT Bank and Capital Bank will be under the control of GCB bank and will be opened at 1pm today for normal business transactions. Customers of UT Bank and Capital Bank are now customers of GCB bank. All deposit customers will continue to have access to their funds. UT Bank and Capital Bank branches and ATMs will continue to operate as normal as GCB bank branches and ATMs. All staff in the interim will become staff of GCB bank and GCB Bank will negotiate the terms of their contract.
GCB was selected amongst 3 others on the basis of purchase price, cost of funding, branches to be retained, staff to be employed and impact on the acquiring bank’s capital adequacy ratio.
The Bank of Ghana assures the public that all customers can continue normal banking business at all UT Bank and Capital Bank facilities which are now branches of GCB bank.
The approval by the Bank of Ghana of this transaction is to strengthen Ghana’s banking sector, ensure financial stability and protect depositors’ funds. The Bank of Ghana reassures customers of UT Bank and Capital Bank that their money is safe and they can continue to do business at their respective branches which are now the branches of GCB Bank.

For Further Information
Bank of Ghana’s Public Information Centre on +233 (0) 302 611711 or +233 (0) 302 611733 or

Monday, December 26, 2016

OPINION : SALARY is a lifetime disappointment.

DISCLAIMER: Views and facts in these piece does not reflect that of Bernard Ralph Adams its of the writer's view. I just want to share because there's a lot your need to learn from the piece.

The poorest group of people in the world are Salary earners. 
They live in a vicious cycle of poverty. 
Salary is continuously being awaited every month and any slight delay brings about heartbreaking anxiety and disappointment. 

Salary alone cannot solve your money problems. You need a Secondary Source of income to balance.

Salary is the MEDICINE for managing POVERTY; it doesn't CURE it. Only your BUSINESS or INVESTMENT Cures Poverty.

Therefore all of us who scavenge for white collar jobs for Salary -should be  FINANCIALLY INTELLIGENT and delve into entrepreneurship.

If you are a Govt. worker check this out.

Divide your salary by 30(i.e. days in the month). 
E.g. GH¢900÷30= GH¢30 That is Less than the amount being earned by an average hawker in the city. 

GH¢1000÷30= GH¢33.33 Less than the amount earned daily by an average driver in the city and some villages.
1500 ÷30= GH ¢50  Less than the daily amount earned by a trotro, taxi, and a tipper truck driver. 

And when there is an issue in the family that requires financial assistance, the driver, hawkers and the rest  look up to you !

If you are a NATIONAL SERVICE PERSON you don't need to be told. 
GH¢350÷30 = GH¢12 Hope you know the pure water seller makes enough money than you  each day ? 

GH¢300÷30 =GH¢10 The errand boy at Suame Magazine (fitting shop) is earning better than you. 

We are mostly deceived by the apparent attractive name of the amount earned at the end of the month without breaking it down to daily earnings.
Dear, start a business now and say bye, bye to POVERTY !

Friday, December 9, 2016

President Mahama's consension speech.

Good evening, my fellow countrymen and women. A few minutes ago, I made the most difficult phone call I have made, and may ever make, in my life: I called President-elect Nana Addo Dankwa Akufo-Addo of the New Patriotic Party to congratulate him on his well-fought and well-deserved victory in Wednesday’s election.

The win has been emphatic. If anybody has reason to doubt the presidential results, the sheer magnitude of the defeat, which our parliamentary candidates have suffered, is the clearest indication that we have outlived our welcome.

Telling the world that I would graciously accept the outcome of the election was one thing, but confronting the stark reality of an electoral defeat is another harrowing experience altogether. But I had no option. The people of Ghana have said emphatically that they are taking away the power they gave to me four years ago, and I have no power to say no. Besides, I love the country that has given me the opportunity to serve in various capacities for nearly two decades and I will not do anything to undermine our democracy or threaten the peace we enjoy.

Before I continue, permit me to congratulate the NDC family, especially my campaign team, for putting up such a spirited fight. When I was growing up in northern Ghana, I used to hear stories of very spiritually powerful and dreadful cattle rustlers who informed cattle rearers before they actually moved in to steal the animals. They would tell the owner that “tonight, we will come and steal your cattle.” They were so powerful that they cast spells on those policing the cattle and drive away the animals away before the men who gathered to stop them could wake up from their deep sleep to gnash their teeth and endure the scornful gossips of their women in the morning.

When the time was up for these cattle rustlers, however, they were overpowered and captured by women. I think we lost because our time was simply up, and no amount of deceptive campaign promises could keep us in power. No amount of monopolization of the media space could save us. No amount of money could stop our defeat. No amount of local and international celebrity endorsements could help us. And no amount of vote buying could stand the irresistible hurricane of change that shook our nation on Wednesday.

I will urge my party members to stop the “blamestorming” that has started so that we brainstorm on how to get ourselves out of the mess we have put ourselves in. The future of our great party looks gloomy and we have to start work on how to get ourselves out of what appears like an eternal stay in opposition. In life, when you are hit by the subduing blow of misfortune, you have two options. You can allow that blow to crush you. You can also move on with the enormous lessons such misfortunes often present. I cannot immediately tell my next move in life, politics and my role in our great party. But if I should ever make a comeback to politics, the lessons I have learnt from our defeat should serve as the moral code which will guide how I guide myself.

I have learnt that the Ghanaian voter, though mainly uneducated and simple, is more sophisticated than we thought. I have learnt that it is unacceptable for the people to loot, hoard and splash during elections.

I have learnt that the calls of the noisy minority cannot be ignored because they largely shape the opinions of the silent minority, who we politicians exploit for our selfish gain. I have learnt that not all those who criticised us hated us. Sometimes the best way to express your love for someone is to be critical of their actions. If I should ever return, I will not display a “dead-goat syndrome” towards disaffection of the masses.

When those who opposed us cried foul, we retorted, “Hate can’t win.” Tonight, however, I am the first to admit that some hate can win. This election has taught me that the hate of corruption can win. It has taught me that hate of incompetence can win. Our defeat has taught me that hate of impunity can win. I have learnt that the hate of the obscene display of ill-gotten opulence wins. I have learnt that hate of mediocrity and deception definitely wins. And I have learnt that hating evil will forever triumph over the love of evil. That was what happened on Wednesday.

Another important lesson I have learnt from this defeat is that the success or failure of a leader depends on the kind of people he or she surrounds themselves with. While Rawlings appointed the likes of Dr. Mohammed Ibn Chambas as deputy ministers, I made the mistake of giving that respectable position to the likes of John Oti Bless. I have now realised, rather too late, that if I had kept the likes of Ben Dotsei Malor and Dr. Raymond Atuguba around me, they would have injected some semblance of sanity into the Presidency and given that high office an aura of respectability and decency. The praise-singing sycophants who act on the dictates of their stomachs are only specialized at telling you what you want to hear. Unfortunately, I did not listen to voices of reason. Our elders say a disease that will kill a man first breaks sticks into his ears.

A lot of the people who have called me to comfort me have maintained that I have been let down by my ministers and the people I trusted so much. I wish to take the blame for everything that happened to me. It is said that a man may fail many times but he is not a failure until he blames others for his failures. Nobody forced my appointees on me. Our elders say God gives us our friends but we choose our friends. And it is us, and not God, who will bear the consequences of any choice we make. Like the wood insect that gathers sticks on its head, I have brought this upon myself, and I will carry it alone.

Fellow Ghanaians, before I end, I will like to wish our President-elect, Nana Akufo Addo, the best of luck in his administration. I will, however, like to caution him to be very careful in order not to repeat the mistakes I made in my administration. His success or failure depends on the kinds of people he appoints. He should focus on the people and not the party. He should remember that after four years, Ghanaians will be demanding accountability from him. He and the NPP should remember that the shea butter that is gloating over the ill-fated salt because of a heavy downpour should fortify itself with ice before the sun rises. What has befallen us can befall you if you allow the intoxicating effect of power to blind you.

In 2008, the NDC won mainly because the NPP’s stronghold in Ashanti Region did not vote massively. In 2016, the NDC lost partly because our stronghold in the Volta Region taught us a lesson that we will never forget. We should begin to see them see human beings, and not votes, when we ever occupy any political office. In the NDC, Volta Region sounded like Voter Region. We referred to the Volta Region as our World Bank, but they turned out to be a DKM Microfinance when it mattered most.

Finally, I will urge civil society and the media to keep a critical eye on the new administration if our country can ever develop. I have realised that the corrupt journalists and members of the civil society who connived with officials of my administration to defraud the state or cover up rot did not only hurt the country but they are part of the reason I have to forever live with the humiliation of the first one-term president in the Fourth Republic. This is our country. And its fortunes lie solely on us. Let’s all stand up and be counted.

God bless our Homeland Ghana and make our nation great and strong!

Thursday, September 15, 2016

Why I Won't Vote Come Election 2016!

I won't vote, I have no political anti-establishment, I am not anarchist. Just that I see no reason to vote. I am aware of article 42 of the constitution of the Republic of Ghana which empower every citizen age 18 and above with sound mind the right to vote.
A vote a formal indication of a choice between two or more candidates or courses of action expressed typically through a ballot or a show of hands.
I am a pure liberal and the following reasons motivated me to state vehemently
 'I won't vote come election 2016'
Just and have a clear peace of mind.
 As a Blogger and a Radio Presenter there are functions of people who read my post and listen to my programs, people from all sorts of environs, I have no idea of. Over the few years what i have come to realize is, the political landscape is divided into two. Either NPP or NDC. Partaking in elections is like endorsing the candidature of a presidential hopeful. One may raise the argument but no one would see who 
I vote for? Yes,  but remember our conscience always do judge us.

I wouldn't like to be blacklist as my colleagues have faced over the years. I just want to have a clear peace of  mind to work and tackle issues as i have done before , to hit the nail on the head i mean.
  Till now am not convinced by any political party, their manifestoes, aims for this year's election. All i hear from the ruling party is "maintain us and we shall continue to transform Ghana and change your lives" and chanting "JMToaso", "Onaapo". Whiles the opposition parties booms riddance the ruling party else Ghana will go doom. And campaigning everywhere on the street "Change Is Coming", "Mahama Is Incompetence" I guess they think we are doing choral checks abi? Lol

The President actually doesn't affect anything directly in my life. Does he?
Probably No, he doesn't ! If taxes are raised I'll pay more money, if regulations are put on how businesses hire, if prices of fuel are increased. I will buy. When even I don't even vote.
So you see the President doesn't  actually affect anything  directly in my life, But for every action, as we learned from Newton in High School, there is equal and opposite reaction. Every government creates opportunities. The past presidents have paid their dues and also cause the woes we face.
I have this school of thought that whatever conditions are, if I focus on the good then I will get opportunity. All I need least is to sit, stand and lie down, so far no president has prevented me from first John of the fourth Republic to the fourth John of the foirth Republic. Why should i waste my precious time standing in a queue to vote?
Voting won't make any difference. We have believed over the years that, casting our votes brings the visionaire leaders into power and again the voice of the people is the voice of the God, but the bitter fact is, its a complete lie. Research conducted by myself has shown clearly that all the changes we do by voting has rather sent as to hell.

Nobody tells the truth. They are all liars just deceiving us to win power. I recall vividly how the NDC were promising 'Heaven on Earth' during election 2008 to the extent of promising to be putting money in our poc and to reduce the prices of fuel drastically if elected into power. Where are all these promises? The NPP at the other hand are playing the role of Angelica Aldama in the soap opera Marimar, pretending to care about the normal Ghanaian making allegations upon allegations. Wait did they promise One village One Dam? Do they know what a Dam is? Also the NDC promising to pay Cocoa farmers using Mobile Money? Funny politicians
Accra Mayor braiding someone's hair to win her vote.

Concluding, the factors above fueled my decision not to vote come December 7th. I have a point right?
Runing-mate of the NPP flag bearer Nana Akufo Addo, Dr.Bawumia pounding fufu just to win a vote.

Monday, August 22, 2016

Malcolm X's wish what Ghana needs to adopt - Editorial

Malcolm X

Dedicated to all politicians

I have been inspired over the years by great men who demanded  for themselves the best and history  of the blacks wouldn't ever be complete without citing them. Malcolm X is one of them, at every point in time he proved beyond reasonable doubt his abilities and potentials. Do you know Malcolm X ? 

A brief about him

Malcolm X, born on May 19,1925 in Omaha, Nebraska. Christened Malcolm Little
and later also known as el-Hajj
Malik el-Shabazz, was an
African-American Muslim
minister and human rights activist. His
mother, Louise Norton Little, was a
homemaker occupied with the family’s
eight children. His father, Earl Little, was
an outspoken Baptist minister and avid
supporter of Black Nationalist leader Marcus Garvey. 
Malcolm X was assassinated on February 21, 1965, At a speaking engagement in the
Manhattan’s Audubon Ballroom three gunmen rushed
Malcolm onstage. They shot him 15 times
at close range. The 39-year-old was
pronounced dead on arrival at New
York’s Columbia Presbyterian Hospital.

On the 23 January, 1965 barely one month before he was assassinated, Malcolm read a mind blowing speech at the Michigan State University, East Lansing. 

Malcolm described the difference between
the "house Negro" and the "field Negro."

"So you have two types of Negro. The old type and
the new type. Most of you know the old type. When
you read about him in history during slavery he
was called "Uncle Tom." He was the house Negro.
And during slavery you had two Negroes. You had
the house Negro and the field Negro.
The house Negro usually lived close to his master.
He dressed like his master. He wore his master's
second-hand clothes. He ate food that his master
left on the table. And he lived in his master's
house--probably in the basement or the attic--but
he still lived in the master's house.
So whenever that house Negro identified himself,
he always identified himself in the same sense that
his master identified himself. When his master
said, "We have good food," the house Negro would
say, "Yes, we have plenty of good food." "We" have
plenty of good food. When the master said that "we
have a fine home here," the house Negro said,
"Yes, we have a fine home here." When the master
would be sick, the house Negro identified himself
so much with his master he'd say, "What's the
matter boss, we sick?" His master's pain was his
pain. And it hurt him more for his master to be
sick than for him to be sick himself. When the
house started burning down, that type of Negro
would fight harder to put the master's house out
than the master himself would.
But then you had another Negro out in the field.
The house Negro was in the minority. The
masses--the field Negroes were the masses. They
were in the majority. When the master got sick,
they prayed that he'd die. [Laughter] If his house
caught on fire, they'd pray for a wind to come
along and fan the breeze.
If someone came to the house Negro and said,
"Let's go, let's separate," naturally that Uncle Tom
would say, "Go where? What could I do without
boss? Where would I live? How would I dress?
Who would look out for me?" That's the house
Negro. But if you went to the field Negro and said,
"Let's go, let's separate," he wouldn't even ask
you where or how. He'd say, "Yes, let's go." And
that one ended right there.
So now you have a twentieth-century-type of
house Negro. A twentieth-century Uncle Tom. He's
just as much an Uncle Tom today as Uncle Tom
was 100 and 200 years ago. Only he's a modern
Uncle Tom. That Uncle Tom wore a handkerchief
around his head. This Uncle Tom wears a top hat.
He's sharp. He dresses just like you do. He speaks
the same phraseology, the same language. He tries
to speak it better than you do. He speaks with the
same accents, same diction. And when you say,
"your army," he says, "our army." He hasn't got
anybody to defend him, but anytime you say "we"
he says "we." "Our president," "our government,"
"our Senate," "our congressmen," "our this and
our that." And he hasn't even got a seat in that
"our" even at the end of the line. So this is the
twentieth-century Negro. Whenever you say "you,"
the personal pronoun in the singular or in the
plural, he uses it right along with you. When you
say you're in trouble, he says, "Yes, we're in
But there's another kind of Black man on the
scene. If you say you're in trouble, he says, "Yes,
you're in trouble." [Laughter] He doesn't identify
himself with your plight whatsoever"
Fair enough Malcolm's time was in the 20 century and here we are in the 21st century still acting as such, behaving like the field negroes Aren't we one blood for God sake? 
The whites are fighting us and now ourselves. Issues of national interest are now attend to with political spectacles. Is about that time we change. I thought we are blocs. 

Our speeches need to be edited the 'I' must be 'we'  'mine' should be 'ours', we one country, different culture, same people one blood. Ghana at heart must be our priority not political views. The mere fact that Party A, is in power doesn't mean Party A should enjoy and party B suffering from hardship

Long live mother Ghana
Love live true patriot