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BH-Fertagro donates fertiliser, items worth over GH₵70,000 to Nsawam Prison
Ghana’s leading import and supplier of fertilizers, affiliated to some global leading producers of Agric-input -based in North Africa, Eastern Europe, Asia, and the Americas, BH-FERTAGRO has made donations to the Nsawam Prison.
The company today donated items worth over GH₵ 70, 000 which included over 150 bags of NPK fertilizers for their current 47-acre land project, toiletries for staff, over 600 bags of sachet water, 25 boxes of soap,Receiving the items on behalf of the commander and the Nsawam prisons, the Assistant Director of Prisons, Andrews Osei thanked the company for the kind gesture stating that the facility really needs support especially in the area of agriculture to support the government in feeding.
He also mentioned that the donation has come in time especially with the current farming project they are about to embark on. Adding that the gesture will also encourage others to come to their aid.
The Managing Director of fertiliser company, BH-Fertagro Limited, Robert Ayittey who presented the donation expressed the joy of the company in doing such gesture in appreciation of the good work the prison service is doing for the country.
The gesture is part of the Corporate Social Responsibility of BH-Fertago to support agriculture sector of the Ghana prisons.
The General Manager of the company, Alex Kwame Donyinah, in his speech, emphasized on the company’s commitment in giving back to society. He stated that the company is quite impressed with the work the Ghana Prisons is doing towards human development and also appreciate the challenge the facility is facing in feeding the inmates.
“We are hopeful that the fertilizer will help them increase their yield and expand their cultivation to be able to have enough food to feed the inmates and alleviate the challenges that they have in managing them,” he added.
Last year during the Akosombo spillage, the fertilizer company presented over GH₵100,000 worth of relief items to the people of Mepe, Bator, Sogakope and its environs.
BH-FERTAGRO imports and supplies fertilizers – with great respect for quality standards, safety, speed and innovation.
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Over GH₵80m was collected in betting tax, Amin Adam got it wrong – Finance Minister
Ghana’s Minister for Finance Ato Forson says the claim by former Finance Minister Mohammed Amin Adam that the erstwhile administration never implemented the betting tax is not factual.
Speaking at a new conference on Tuesday, March 11, shortly after the Finance Minister presented the new government’s first budget statement and abolished the e-levy, betting tax among others, the former Finance Minister said the NPP government never enforced the controversial tax on lottery and sports betting winnings.
Dr Amin Adam said it was deceptive for the NDC government to claim to abolish a tax that was never collected although the law was passed in 2023.
“Betting tax that they said they have abolished, we never collected Betting Tax. So to come and tell Ghanaians that you have abolished something that you have not implemented, is to deceive the people of Ghana.”
Responding to the claims in an interview with Evans Mensah on JoyNews’ PM Express on Tuesday night, the Finance Minister said his colleague on the other side appears not to be on top of that issue.
“I don’t think he’s on top of that matter because my checks revealed that it was implemented in the second half of 2024. And my checks also reveal that year-to-date, the government of Ghana has collected over GH₵80 million from betting tax, so I don’t know what he’s talking about. It is not the fact. The fact on the ground does not support his assertion. Clearly, the betting tax was implemented,” he insisted.
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Whoever created BoG’s GH₵53bn negative equity mess should be held responsible – Dr. Atuahene
Banking consultant Richmond Atuahene has called for accountability over the Bank of Ghana’s (BoG) GH₵53 billion negative equity, insisting that those responsible for the mess must be held accountable.
In an interview on Joy FM’s Midday News on Wednesday, March 12, he called for those responsible for breaching financial regulations to be summoned before Parliament to explain their actions.
“There was a law that stated they should not exceed a 5% fiscal financing threshold, yet they went as high as 60%. This is a clear violation, and they cannot claim ignorance. The Governor, the Minister, and those involved must be held accountable for their actions,” he asserted
His comment comes after the Finance Minister, Dr. Cassiel Ato Forson, advised BoG to explore internal cost-cutting measures instead of relying on taxpayer funds for a GH₵53 billion bailout to address its negative equity position.
Dr. Atuahene supported the Finance Minister’s stance that the government cannot afford to recapitalise the central bank at this time, given the nation’s fiscal constraints.
“Like the Minister said, you don’t create a mess and leave it for others to clean up. Whoever created this mess must take personal responsibility. When they engaged in the monetisation of fiscal deficits in 2021 and 2022, some of us warned them about the consequences, but they didn’t listen,” he stated.
Dr. Atuahene stressed that rather than relying on external funding, the Bank of Ghana should explore internal restructuring, cost-cutting, and asset sales, including a sale-leaseback arrangement on some of its properties, to raise the necessary capital.
He also highlighted the potential damage to Ghana’s international credibility if the Bank of Ghana remains in a financially distressed position.
“This affects Ghana’s credibility. BoG has correspondent relationships with the Bank of England, the Federal Reserve, and the African Development Bank. If it continues to operate in a capital-deficient state, international institutions may lose confidence in our financial system,” he warned.
Dr. Atuahene also criticised the central bank for insisting that it is “policy solvent,” arguing that capital solvency is more critical in this situation.
“You can claim policy solvency all you want, but if you are capital insolvent, it means you cannot function properly. BoG has been making losses year after year. They made losses in 2023, and they are making losses in 2024. How long will this continue?” he questioned.
Source: Myjoyonline.com
