Hot!
Gyakye Quayson dashes to Supreme Court to halt criminal trial
Member of Parliament for Assin North, James Gyakye Quayson has set in motion multiple legal processes including a fresh action at the Supreme Court in a bid to put his trial on hold.
He is demanding additional documents from state prosecutors to fully understand the case against him as well asking that his day to day trial be received.
Attorney General, Godfred Yeboah Dame, is however accusing the legislator of engaging in a plot to prevent the court from hearing the case at all cost.
Lead Counsel for Quayson, Tsatsu Tsikata on Friday informed the court of the fresh processes.
The lawyer explained that they both have the potential of affecting the current criminal trial.
“We have filed an application for a stay of proceedings that has been set for Wednesday the 19th of July at the Court of Appeal. We have also filed in the Supreme Court , a motion invoking the supervisory jurisdiction for an order directed at this court to quash the decision made on the 16th of July and another to prohibit the court from proceeding with the case,” he stated.
JoyNews understand the application at the Court of Appeal is related to the decision of the High Court to hold the criminal trial on a day-to-day basis while that of the Supreme Court is in respect of having access to some evidence that the legislator believes the AG has failed to disclose.
The Attorney General urged the court to proceed with the case since neither the Supreme Court or the Court of Appeal has issued any order halting the trial.
“Respectfully, the prayer before you is without any basis. And I am not surprised he has not referred you to any rule of law. It is an attempt to deny the court the right to hear the case.It is an attempt to prevent the continuation of the trial and I pray the court to disregard the request,“ he stated.
The court has adjourned proceedings to July 18 to deliver its ruling
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
