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Management of VLTC calls on NTC

Management members of the two companies after the meeting Photo Seth Osabukle

The leadership of the Volta Lake Transport Company (VLTC) has called on the management of New Times Corporation (NTC) to explore partnership strategies for promoting their initiatives.

The move, according to Mrs Rose Appiah Okyere, Managing Director of VLTC, would be crucial in the company’s brand promotion efforts.

She said the company considered the corporation as a strategic partner and would be delighted to have a sustainable relationship with the corporation.

On their capacity, Mrs Okyere said the company has three barges with a capacity of 2,250 tonnes, each dedicated to the transportation of solid bulk cargo, as well as six additional barges with a combined capacity of 4,676 tonnes, adding that the company was capable of transporting bulk cargo across the Volta Lake to various destinations.

She added that VLTC operates two tugboats on the north-south commercial route.

She said using the Volta Lake to transport goods from the South to the North meant that over 2000 trucks would be moved off the roads annually as one voyage accounted for the goods about 140 trucks usually carry.

That, she added, would free the country’s roads, conserve as well as reduce the amounts of money used to rehabilitate same.

She, therefore, called on Ghanaians to tap into the advantages inland water transport presented, adding that if its commercial lines were significantly boosted by increased patronage, the company would be able to recapitalise with enough funds to subsidise its ferry operations.

She was accompanied by Mr Godwin Owiredu Yeboah, Commercial Manager, and Mr Daniel Peprah Agyei, Publicity Officer.

The Managing Director for the NTC, Mr Martin Adu-Owusu, pledged the outfit’s support towards their initiatives and assured the delegation of the corporation’s readiness to work with them.

“Our doors are always open, we are ready for you. Whatever information you want us to put out, it is our mandate to inform the public in a professional manner,” he stated.

According to Mr Adu-Owusu, it would be a solid relationship as the NTC was also committed to the growth of its partners.

The Editor, The Ghanaian Times, Mr David Agbenu, added that the relationship between the company and the Corporation had come to stay as it fell in line with the corporations objectives.

By Benedicta Gyimaah Folley

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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

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Prophet Courage Heavens set to launch ‘Predestination’ book on March 23

Prophet Courage A. Heavens is set to launch the much-awaited book titled ‘Predestination’ on Sunday, March 23, 2025 at 5:00PM.

The launch, which is expected to impact lives, will take place at Crossgates Ministries, Flattop, off N1 Highway, opposite Angel Hauz.

The book is aimed at addressing the way people struggle to understand how free will and destiny align.

It is also aimed at providing clarity on God’s sovereignty and one’s place in His divine plan.

The various chapters of the book address various issues through scriptures and personal stories.

Committed to impacting society, part of the proceeds from the book will go into Courage Heavens Education Legacy (CHEL), an educational foundation transforming lives.

CHEL is dedicated to providing financial support and mentorship to brilliant but needy students, ensuring they have access to quality education and opportunities for a better future.

Prophet Courage Heavens is a prolific writer and previously authored Eli Eli Lama Sabachthani, a powerful book that encourages unwavering faith in times of trials.

In addition, he has written seven more prophetic and life-changing books that are yet to be published.

He is dedicated to raising the next generation for impactful ministry. As the leader of Crossgates Ministries, he nurtures believers in faith and purpose.