Hot!
Castro laid to rest
The mortal remaining of the late Castro
It was a solemn moment as family, friends and sympathisers mourned and paid last respect to the late News/Sub- Editor of The Spectator newspaper, Castro Zangina-Tong on Saturday at Russia, a suburb of Dansoman.A section of the NTC staff at the funeral
He was interred at the Awudome Cemetery after the funeral rights at his residence.
In attendance were high profile personalities in the media space including the Board Chairman of the New Times Corporation (NTC), Dr Kwaku Rockson, Acting Managing Director of the Corporation, Mr David Agbenu, Acting Editor of The Spectator, Mrs Georgina Naa-Maku Quaittoo and Acting Human Resource Manager, Mr Suleman Osuman.
![Alhaji Kuurug-Baare Bii-Naab[left] Saviya Puporiba elder of Talensi Community in Accra [middle] and Wo 1 Moot David Daa rtd](https://thespectatoronline.com/wp-content/uploads/2023/09/Alhaji-Kuurug-Baare-Bii-Naableft-Saviya-Puporiba-elder-of-Talensi-Community-in-Accra-middle-and-Wo-1-Moot-David-Daa-rtd-scaled.jpg)
Also present to bid farewell to Castro were Ghana Journalists Association (GJA) executives, colleagues at work and retirees of the company and family members.
One-by-one as dignitaries and sympathisers filed past the casket containing the remains of the former News Editor, tears flowed freely.
In his sermon, Rev. Moses Azumah, the Head Pastor of Jesus Fire Chapel urged sympathisers to be at peace with each other “because we’ll all leave one day when we are done serving our maker.”
He said “our stay on earth is for a purpose so there is the need to search for that purpose to glorify the name of the lord.”
“As a Christian when you die in Christ, you rest peacefully and that is why we must continue to do the will of God and serve God with all our heart,” he added.
Rev. Azumah said it was important to leave in peace and be each other’s keeper in times of trouble and in need.”
Uncle Castro, as he was affectionately known, died on Tuesday, August 1, 2023.
The news of his death came as a surprise to many, especially his colleagues and friends at work and in the media fraternity, having worked energetically the previous day and showed no signs of illness.
He left behind two children, Fidelis and Blessing.
By Linda Abrefi Wadie
Hot!
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.
Hot!
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
