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‘Build strategic business partnership for success’
• Casandra (middle) with some guests after the summit
Businessman, Prince Kofi Amoabeng, has advised entrepreneurs to inculcate the attitude of building strategic business partnership for the success of their firms.
According to him partnerships has what it takes to push one’s business to another level and advised entrepreneurs to eschew the mentality of venturing into business because they could earn excessive profit.
He noted that with collaboration, “You don’t always need people who are higher than you, you can go with people who are lower than you, but understand the value they bring on the table.”
He made these remarks w en speaking at The Money Hub Business Summit organised by Media Personality, Casandra, at the Accra City Hotel last Friday on the theme; ‘Building Strategic Business Partnerships.’
Mr Amoabeng said, “As living things all we have is time, when you are not born, you don’t have time, when you are dead, your time is finished, so when you are living time is all you have.”
The businessman added that it was not for nothing to see businesses that save time and provide quality ones thrive.
He further advised young entrepreneurs not to immediately start their businesses with loans from financial institutions but seek financial support from friends and family first, before the banks.
For this, he called for honesty, high sense of integrity in dealing with family and other partners.
Ace Ghanaian musician and entrepreneur, Nana Kweku Okyere Duah, affectionately called TiC, shared his experience on partnership, revealing that most of the higher heights he achieved in his music career was through strategic collaborations and partnerships.
He said the dream was to do music, he developed his unique style which could make him successful in Ghana and beyond.
With this, there was the need for an executive producer who would be a partner, and luckily, he got Abraham Ohene Djan to execute his dream.
He added that along the way, other partners came into the picture and by dint of strategic partnership, he was able to get other collaborations and become a top brand in Ghana and internationally.
Additionally, he started Tic reserved Night Club in Kumasi, began selling chicken wings, opened a restaurant and now has over six branches across the country at Dansoman, Weija, Suhum, Kumasi, Konongo and Nsutem among others.
The musician encouraged them that there are opportunities for everyone by getting the right people.
Financial and Investment Analyst, Harrison Ahorgba, said partnership is the decision to share a load with another person, adding that with this, one needs to think about where he or she is going and who to partner.
The Rector of Bluecrest University College, Dr Sujith Jayaprakash, said digital skills are changing the dynamics of today, and charged entrepreneurs to take advantage of technological solutions which are cost effective.
Software developer, Eugene Appertey, Business Coach, Stephen Essien championed the need for leadership and mentorship to serve as a guide to help young businesses survive the test of time. They called for the need to change from doing it alone, for more partnerships to build each other, adding that partnership helps businesses move faster and farther.
Sandra Appertey, known in the media circles as Casandra organiser of the summit, expressed her appreciation to all stakeholder and sponsors who made the event a success.
After the guest speakers, there was a panel discussion to address the various gaps in partnerships to serve as a guide to upcoming entrepreneurs.
By Edem Mensah-Tsotorme
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Attorney General charges Chairman Wontumi and two others over alleged GH¢18.7 million Ghana Exim Bank fraud
The Office of the Attorney General has charged Bernard Antwi-Boasiako, popularly known as Chairman Wontumi, and two others over the alleged fraudulent acquisition of funds from the Ghana Export-Import Bank for a farming project.
The charges were brought against Chairman Wontumi, Thomas Antwi-Boasiako, who is currently at large, and Wontumi Farms Limited.
According to court documents released by the Attorney General’s office, Chairman Wontumi, identified as the first accused person, allegedly approached the Ghana Exim Bank in January 2018 for financial support to undertake a large-scale farming project.
The prosecution said he applied for a GH¢19 million facility on behalf of Wontumi Farms Limited and claimed that the company had secured a 100,000-acre parcel of land for the proposed farming venture.
The Attorney General alleged that documents submitted together with the application contained false information.
According to the prosecution, one of the documents presented as a board resolution letter was dated January 23, 2018, but referred to a board resolution supposedly passed on December 9, 2017, four days before the company was officially incorporated on December 14, 2017.
The prosecution further stated that the accused persons also submitted a project proposal claiming that 2,500 hectares of the proposed farm would employ about 6,000 families, representing nearly 38,000 individuals.
Court documents indicate that the Ghana Exim Bank later approved an GH¢18.7 million facility made up of loans and grants for the project.
The facility was reportedly intended for the purchase of agricultural machinery, working capital, staff costs and consultancy services.
According to investigators, the bank disbursed more than GH¢14.3 million to the company between January and March 2018.
However, investigations by the Economic and Organised Crime Office of the Attorney General allegedly found that the proposed farming activities were never carried out.
The prosecution said the accused persons neither purchased the agricultural machinery nor secured the land they claimed to own for the project.
Investigators also alleged that Chairman Wontumi later submitted a document to the bank as proof that the company had purchased agricultural machinery worth GH¢4 million.
However, investigations reportedly established that the document was originally a pro-forma invoice from KAS-SAMA Enterprise and not an actual receipt.
According to the Attorney General’s office, the inscription “Pro-forma Invoice” was allegedly altered and replaced with the word “Receipt” before it was submitted to the bank.
The prosecution further alleged that Chairman Wontumi withdrew large sums from the company’s accounts and used the funds for personal expenses and investments in other businesses.
The Attorney General stated that attempts by the bank to recover the money were unsuccessful.
The Economic and Organised Crime Office reportedly began investigations into the matter in March 2025.
Chairman Wontumi was later arrested, cautioned and officially charged on May 14, 2026.
By: Jacob Aggrey
The Ministry of Communication, Digital Technology and Innovations has denied claims circulating on social media that the sector minister, Samuel Nartey George, has misused public funds.
In a statement issued to media houses, the Ministry explained that the document being shared online was part of an official request seeking Commitment Authorisation from the Ministry of Finance in line with public financial management and procurement procedures.
According to the Ministry, the request was based on budgetary allocations approved by Parliament for the 2026 fiscal year and covered planned projects, operational activities and programme interventions to be carried out within the year.
It stressed that the request has not yet received approval from the Ministry of Finance.
The Ministry therefore clarified that no funds have been released, disbursed or spent in relation to the items captured in the circulating document.
It described claims suggesting that public funds had already been squandered as “inaccurate, misleading and devoid of context.”
The statement urged the public to treat the allegations with caution and disregard what it described as false interpretations of the document.
The Ministry further reaffirmed its commitment to transparency, accountability and strict adherence to public financial management regulations in the execution of its duties.
By: Jacob Aggrey
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