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GSE donates GH₵100,000 to National COVID-19 Trust Fund
The Ghana Stock Exchange (GSE), has donated GH₵100,000 to the National COVID-19 Trust Fund to help fight the pandemic.
The donation which was made at a short ceremony at the Jubilee House was received by the Head of the Trust Fund, former Chief Justice, Sophia Akuffo.
The Head of Marketing and Public Relations at the GSE, Diana Okine who spoke at the event said even though the GSE was a non-profit making organisation, management felt it was prudent to support the nation in these difficult times.
According to her, the GSE saw it as an obligation to support a national fight which would result in the betterment of the health of the populace they engaged every day.
“This is a pandemic that affects everybody and our clientele is made up of the Ghanaian populace, so if the Ghanaian populace is health it means that we will have a good environment and we will have happy investors. The GSE although it is a non-profit making organisation, we are a public company limited by guarantee and therefore, we are in this fight like anybody else and we also see it prudent for us to help the government’s goal in making Ghana a healthy country by curbing this pandemic,” she said.
“There are other vulnerable people around, there are people who need help, there are people who are not wealthy but they all contribute to the stock exchange. In order to ensure that all these people are healthy and for the Ghanaian economy to be back on track, the GSE identified with the course and we made this donation,” Mrs Okine said.
Receiving it, former Chief Justice, Sophia Akuffo commended the GSE for the effort and assured of judicious use of the fund.
“There is an impression that the GSE is a money making, money spinners who are only interested in rich people who have money to invest. This will go a long way to dispel that impression people have. We are most grateful to the management, we are most grateful to the organisation itself,” she said.
The GSE recently donated GH₵150,000 to the Covid-19 Private Sector Fund to help in the construction of a 100-bed treatment and isolation facility at the Ga West Hospital in Accra.
The Member of Parliament for Nsawam Adoagyiri, Frank Annoh Dompreh, has expressed concern over delays in the release of the District Assemblies Common Fund, warning that the situation is stalling development across the country.
On his facebook page, he described as a matter of urgent national importance, the Minority Chief Whip pointed to what he sees as a growing crisis of unpaid contractors, abandoned projects, and halted infrastructure works in many districts.
He noted that several communities are grappling with half completed schools, unfinished health facilities, abandoned markets, deteriorating roads, and stalled sanitation projects.
According to him, many contractors who have executed projects for district assemblies have not been paid, forcing some construction firms to demobilise from sites while workers lose their jobs.
He stressed that the District Assemblies Common Fund is not a discretionary allocation but a constitutional requirement under Article 252 of the 1992 Constitution, intended to support development at the local level.
In his view, years of delayed releases and accumulated arrears have weakened district development financing and disrupted projects meant to improve living conditions in communities.
He further argued that some payments made in recent years were largely the settlement of old debts rather than funding for new or ongoing projects, a situation he believes has affected contractor confidence and local economic activity.
He described the issue as more than a budgetary challenge, characterising it as a development emergency and a governance concern.
He therefore urged the appropriate authorities to pay outstanding DACF arrears, settle contractors who have completed their work, and ensure that transfers to districts are automatic and predictable.
He maintained that decentralisation can only succeed when district assemblies receive adequate and timely funding to carry out development projects.
He emphasised that stalled projects directly affect ordinary citizens, since they rely on such infrastructure for education, healthcare, transportation, sanitation, and economic activities.
He called for renewed attention to grassroots development, insisting that national progress should not be concentrated only in major cities but extended to all communities.
By: Jacob Aggrey
Richard Appiah, the footballer who killed two children and stored part of their bodies in a fridge at Abesim in the Bono Region in 2021 has been handed a lifetime sentence.
This was after a five member panel of judges at the Accra High Court returned a verdict of guilty against the convict.
Appiah, 32, also a draughtsman would spend the rest of his life in prison after he was convicted of murder.
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BY MALIK SULLEMANA
