News
Coalition of AggrievedCustomers of Menzgold sacks chairman
The Coalition of Aggrieved Customers of Menzgold Ghana (CACM) has terminated the appointment of Mr Timothy Binob as the chairman of the coalition with immediate effect.
The decision to terminate Mr Binob’s appointment was taken following a leadership meeting on Friday, May 15, 2020, said a statement copied the Ghanaian Times in Accra.
The statement, signed by regional representatives in Accra, Kumasi and Tarkwa ordered the former chairman to hand over all documents of CACM in his possession to Mr Samuel Odartey, the secretary of the ccoalition.
It advised members of the public to disengage official business concerning CACM with the former Chairman.
The statement said all correspondences of CACM should be addressed to Mr Odartey and Mr Fred Forson, the Public Relations Officer via 02443786322 and 0502133763.
While thanking Mr Binob for his service to the group, CACM said it would in the coming days inform members the way forward.
The CACM is a group of customers whose investments running into several millions of cedis had locked up with defunct Menzgold Company Limited.
Nana Appiah Mensah, the Chief Executive Officer of Menzgold is standing trial for alleged criminal charges including operating a business without licence from the Securities Exchange Commission.
BY TIMES REPORTER
The Minority in Parliament has called for the immediate resignation or dismissal of the Attorney General, accusing him of incompetence over the release of GH¢350 million from the Contingency Fund for flood relief.
Addressing the media today in Parliament, the Deputy Minority Leader Patricia Appiagyei alleged that the release of the money breached legal procedures because there were ongoing garnishee proceedings involving the Contingency Fund.
According to her, the Attorney General directed the Governor of the Bank of Ghana to allow the funds to be released despite the pending court process.
“The Attorney General’s letter speaks for itself. It directed the Governor of the Bank of Ghana to give effect to the release of funds from the Contingency Fund notwithstanding the pending garnishee proceedings. Yet the Ministry of Finance subsequently announced that the GH¢350 million had been released,” she stated.
Mrs. Appiagyei argued that the Attorney General’s actions showed incompetence and undermined due legal process.
She said the Minority believes the Attorney General should either resign or be dismissed over the matter.
The Minority maintains that public funds must be managed in accordance with the law and has called for accountability over the release of the money.
By: Jacob Aggrey
U.S. Central Command forces have begun a series of powerful strikes against targets in Iran following attacks on commercial vessels in the Strait of Hormuz.
The strikes are in response to Iranian attacks on three commercial vessels that were transiting the international waterway with civilian crews.
According to U.S. officials, the operation is intended to impose heavy costs on Iran for targeting and attacking commercial shipping in a critical global trade route.
The U.S. military described Iran’s actions as “unwarranted, dangerous, and a clear violation of the ceasefire.”
Officials said the attacks on the civilian-crewed vessels posed a direct threat to freedom of navigation and the safety of international shipping.
The strikes mark an escalation in U.S. military action in the region aimed at deterring further aggression against commercial traffic in the Strait of Hormuz, one of the world’s busiest shipping lanes.
U.S. Central Command has not provided details on the specific targets or extent of damage from the strikes. Further updates are expected as the operation continues.
By Edem Mensah-Tsotorme
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