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GFA Foundation donates to Coach Sellas Tetteh
The GFA Foundation has paid a visit to former Ghana Coach, Sellas Tetteh at his residence in Accra. The Foundation also donated an amount of Fifty Thousand Cedis (GHS50,000.00) to Mr. Tetteh.
According to the President of the Ghana Football Association, Kurt Edwin Simeon-Okraku, the establishment and subsequent launching of the GFA Foundation is borne out of the desire and commitment by the current leadership of the Association to enhance the living conditions of former footballers who might be in needy situations as a result of old age, ill-health, injury or general deprivation.
The visit to the ex-Black Stars coach is the first activity by the GFA Foundation which was outdoored earlier this week by the GFA as its social intervention arm.
President Simeon-Okraku paid glowing tribute to Coach Sellas Tetteh for what he described as “invaluable and committed service” to the nation.
“I am happy to see to see you in good health”, he told the cheerful-looking former coach who also handled the national teams of Sierra Leone and Rwanda.
He took the opportunity to clarify recent news in the media to the effect that the GFA or the Ministry of Youth and Sports owes the coach some bonuses and salaries.
According to him, all entitlements including vehicles promised the team after the FIFA U-20 World Cup triumph has been fulfilled.
On his part, the Director of GFA Foundation, Malcolm Frazier Appeadu said the donation is a manifestation of the Foundation’s strategic objective of improving lives and livelihoods of football people and communities.
“We are not even a week old, but we felt it was absolutely necessary to come to you with the Foundation’s widow’s mite to facilitate your complete recovery and also towards your upkeep”, Malcolm said.
He reiterated that the gesture also falls in line with one of the GFA Foundation’s 5 thematic areas acronymize as GFA CARES which indicates support for welfare of ex-national players and football officials. He promised the coach that the Foundation will check up on him regularly.
Sellas Tetteh, a former Black Stars and Black Satellites’ Coach, was grateful to both the GFA and its Foundation for the visit and donation.
He also thanked the President for personally sponsoring him for the CAF License A Refresher Course for coaches at the Ghanaman Centre of Excellence, Prampram in 2021.
He also thanked God for the immense benevolence Ghanaians have showed him since he retired from active coaching.
The family informed the GFA delegation that the coach was now fit, healthy and go about his normal duties by himself such as driving, among other things.
Sellas Tetteh led Ghana to win the 2009 FIFA U-20 World Cup in Egypt, becoming the first African team to win the competition. He was named the CAF coach of the year in 2009. He is also a former coach for Rwanda and Sierra Leone senior national teams. On the local scene, he coached Dansoman based Liberty Professionals.
The delegation included Michael Osekere, and the Greater Accra Regional Football Association Chairman, Samuel Aboabire.
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GEXIM deepens relations with US EXIM Bank
A management team of the Ghana Export – Import Bank (GEXIM) led by the Acting Chief Executive, Sylvester Mensah met with the leadership of the Export–Import Bank of the United States (US EXIM) on Wednesday April 23, 2025 in Washington DC, United States of America.
The Acting President and Chairman of US EXIM, Mr. James C. Cruse and Vice President, International Relations, Ms. Isabel Galdiz received the GEXIM delegation, which included Deputy CEO for Banking, Mr. Moses Klu Mensah and Head of International Cooperation, Mr. Jonathan Christopher Koney at the headquarters of US EXIM.
The meeting offered the GEXIM team the opportunity to share the strategic direction of the Bank in line with the resetting agenda of the President of the Republic, His Excellency John Dramani Mahama for the repositioning of the Ghanaian economy into an export-led one by providing the requisite investment to Ghanaian businesses.
Mr. James C. Cruse expressed US EXIM’s eagerness to deepen its existing relations with GEXIM and proposed the signing of a new Cooperative Framework Agreement following the expiration of a Memorandum of Understanding signed in 2019 to utilize US EXIM’s medium term loan guarantees to procure machinery by GEXIM for qualified Ghanaian Small and Medium-sized Enterprises (SMEs).
Mr.Sylvester Mensah thanked the Acting President and Chairman of US EXIM for hosting the GEXIM delegation and reaffirmed the Ghanaian government’s commitment to strengthening trade and investment between Ghana and its global partners for economic transformation of Ghana with GEXIM playing a pivotal role.
The two teams will be meeting on the sidelines of the 2025 US EXIM Annual Conference on 29th and April 30, 2025 to explore possible areas of collaboration and matching Ghanaian businesses to American companies. The meeting ended with an exchange of gifts.
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Many SOEs have been used as mere instruments for personal wealth accumulation –Pres.Mahama
President John Dramani Mahama has expressed concern over the misuse of State-Owned Enterprises (SOEs) for personal financial gain by individuals in leadership positions.
Speaking during a meeting with Chief Executives of specified entities under the State Interest and Governance Authority (SIGA) on Thursday, March 13, the President directly attributed the dire state of SOEs to their leadership, accusing chief executives, management teams, and governing boards of prioritising personal enrichment over organisational efficiency.
He pointed to bloated budgets, unjustified allowances, and unnecessary expenditures as factors draining public funds while SOEs continue to rely on government bailouts.
“Many SOEs have been used as mere instruments for personal wealth accumulation by appointees. The chief executives, management, and boards of these enterprises are responsible for this situation. Some SOEs have become perennial loss-makers, draining public funds with bloated budgets, unjustified allowances, and unnecessary expenditures while relying on government bailouts as if entitled to them. Many of these entities are at their lowest point in the entire history of the Fourth Republic,” he said.
President Mahama further noted that many SOEs have been plagued by inefficiencies, corruption, and mismanagement, leading to consistent financial losses. He cited the 2023 State Ownership Report by the State Interests and Governance Authority (SIGA), which highlighted systemic inefficiencies and wasteful expenditures within these entities.
He therefore reaffirmed his commitment to reforming under-performing SOEs and ensuring they serve national interests.
He warned that loss-making SOEs will no longer be tolerated and will either be merged, privatised, or closed.
“I will assess you based on your performance. If you do not align with the pace of the reset agenda, you may be asked to step aside. If that adds to the horror movie, so be it,” he added.
Source: Myjoyonline.com
