News
Mahama must understand Banking sector clean-up before commenting – Bawumia
Flagbearer of the New Patriotic Party (NPP) and Vice President of Ghana, Dr.Mahamudu Bawumia has jabbed former President, John Dramani Mahama over the banking sector crisis.
“I’ll ask the former president if he hasn’t read, to go and read the receiver’s report or the BoG’s report and acquaint himself before making any further comments on matters he clearly doesn’t understand,” he said
Addressing Ghanaians during the Media Encounter on Sunday, August 25, he said, the former President needs to get an understanding before making further comments, adding that he cannot hand over a bank’s licence to them, this is subject to legal procedure.He said, “We saved the deposits of 4.6 million bank depositors who really were going to lose their deposits if those banks were not saved. I don’t understand whether the former president has taken his time to understand the banking sector. Some atrocious things and this is why these banks had to be saved.”
Dr.Bawumia further added, “They were not collapsed, they were merged into other banks and no banking depositor lost 1 cedi, everybody maintained. But very bad things happened, some of the banks broke all the rules and extended loans way above the single obligor limits.”
“They were given, in some cases 1 billion by the Bank of Ghana to help them out of the mess and they only got deeper into the situation. Other banks were given capital to save the situation, and they used that money to set up Capital Bank, instead of rescuing the problem that they had. They took the money from the central bank and set up another business which also collapsed. Some took money and invested in private properties,” he added.
Dr.Bawumia concluded that “So, it was against this background the governor came to report, and this was one of my nightmares in the last eight years. Most people didn’t understand how close we were to a collapse of the entire banking system. This is how we had to merge many of these banking sectors into other banks and we saved 4. 6 million depositors.”
By Edem Mensah-Tsotorme
News
Cake Tekniks holds 59th graduation ceremony
About 30 students on Sunday graduated from the 59th graduation ceremony of Cake Tekniks International, a privately-owned modern cake designing and sugar craft school in Accra.
During the ceremony, all graduates were presented with certificates while 13 of them also received professional diploma.
The founder of Cake Tekniks International, Mrs Jane Addo, said her outfit was dedicated to providing world standard skills, knowledge and hands-on training necessary for one to succeed worldwide in the culinary industry.
She encouraged the students to embrace the opportunities, challenges and experiences, mindful of the fact that they are well-equipped.
“Hold your heads up while you build a goodwill between your clients and yourselves,” she added.
Mrs Addo said the school was passionate about fostering the culture of creativity, motivation and excellence with the belief that every student had the potential to make a lasting impact in the culinary world.
The founder and leader of QA Consult, Mr Johnson Opoku-Boateng, said graduation was a witness to the unveiling of talents, passion and hard work and testament to months of dedication and hands-on-learning.
He urged the graduands to ensure that their cakes were safe and good for human health and that their success would be dependent on how well they serve, create and grow.
The event also saw the exhibition of cakes and pastries by the students.
receiving her certificate
By Esinam Jemima Kuatsinu
News
Debutant Bella Agyemang lauded for Box Office ‘Magic’
New producer, Bella Agyemang, has been hailed by Silverbird Cinemas and other industry players for her Box Office ‘Magic’ over the weekend.
Bella’s ‘Check In’ movie has received praise for being the first to sell at the cinemas this year.
Speaking to The Spectator, Sales and Marketing Lead at Silverbird Cinemas Ghana, Nana Kwame Obiri-Tete said, for a debutant, Bella Agyemang did fantastically well in her maiden premiere.
He said he was proud of Bella Agyemang’s effort in getting people to show up, adding that she engaged in a lot of marketing activities.
He said her marketing activations on the streets, coupled with other Public Relations endeavours, pointed in the right direction.
“With what she has done, it shows that Bella has a big future. You might have a good product, but if you fail to market it, you cannot get people to patronize. Bella put in a lot of work, which is why she was able to draw a lot of people to the premiere,” Obiri-Tetteh said.
Bella Agyemang, on her part, expressed appreciation to fellow actors, her team, media personalities and all stakeholders who supported her effort ahead of the premiere.
The much-awaited star-studded Ghanaian comedy movie ‘Check-In’ premiered at Silverbird Cinemas on April 12, 2025.
The movie tells a story of chaos and a blackout at a secluded hotel, and amidst these, a resourceful attendant must unravel hidden connections between guests and restore peace before secrets tear them apart.
The movie, produced by Bella Agyemang, featured Kofi Okyere-Darko (KOD), Clemento Suarez, Jeneral Ntatia, Priscilla Opoku-Agyeman, Felicia Osei, Gideon Kojo Boakye, Clinton Odoi, Fiifi Jefferson Pratt, and Gabriel Hogan among others.
By Edem Mensah-Tsotorme
