Hot!
Yaw Kwakwa was not sacked, he resigned – GACL board reveals while announcing new MD
A statement announcing the appointment of a new Managing Director of the Ghana Airports Company Limited (GACL) that was released by the board, has revealed that the former Managing Director of the GACL Yaw Kwakwa resigned from his post and not sacked as was reported earlier.
“Following an emergency meeting of the GACL board held on Wednesday, February 16 Mr. Yaw Kwakwa submitted his resignation as the Managing Director of the Ghana Airports Company Limited effective close of day February 17, 2022,” the board said in a statement dated February 16, 2022 while announcing Pamela Djamson-Tettey as the new Managing Director of the GACL.
Ms Djamson-Tettey’s appointment takes effect tomorrow, Friday, February 18, 2022.
The decision was taken at an emergency meeting held on on Wednesday, February 16, 2022
It was earlier reported that Mr Yaw Kwakwa was sacked as the MD of the GACL.
But Mr Kwakwa has said he was unaware of the purported termination of his appointment by the President.
“I don’t know what you are talking about, my appointment has not been terminated. I don’t know about it but when I get to that bridge I will cross it,” he told journalists while conducting members of the Roads and Transport Committee around on a fact finding mission of the Macdan Aviation.
Announcing the termination of the appointment, the Transport Minister Kwaku Ofori Asiamah in a letter said “His Excellency the President, per letter No. 0P S127/22/104, dated 31st January 2022, has directed the appointment of Mr Yaw Kwakwa as Managing Director of the Ghana Airport’s Company Limited be terminated,”
This came at a time the GACL had earlier ordered McDan Aviation to suspend the use of the KIA Terminal 1 until further notice.
“We refer to our earlier discussions and subsequent directive to suspend the inauguration of the private jet terminal at the Kotoka International Airport until all necessary operational requirements and obligations are met.
“We note with concern your failure to comply with the directive despite the outstanding issues on the prior terms and conditions for the use and operations of Terminal 1 as a private Jet Terminal.
“Management has subsequently directed the suspension of your use of Terminal 1 until further notice,” a statement signed by the Managing Director of the GACL Yaw Kwakwa said.
The GACL later granted Mac Dan the permit to operationalize the Private Jet at the Terminal 1 at the KIA.
A letter signed by Mr Kwakwa said “With Reference to our earlier letter referenced GACL/MD/FHS20/1/22 on the above subject we wish to inform you that the GACL has delegated the Terminal 1 to MacDan aviation for private jet operations.”
Source: 3news.com
The Africa Investment Network has entered a new partnership with 17 Asset Management to expand investment opportunities for Africans in the diaspora.
The two organisations will work together to open more pathways for diaspora investors, provide better data on markets, and connect investors to viable projects across the continent.
The partnership will focus on mapping investment opportunities across countries and sectors, building a Diaspora Pathways Program to guide new investors, and creating a shared research platform that provides market insights, returns benchmarks, regulatory updates and sector outlooks.
The two groups will also develop a trade and deal catalogue to help match businesses with partners.
As part of the collaboration, both institutions will host investment roadshows through the Global Africa Summit series, starting with GAS Accra from December 11 to 12 at the Alisa Hotel.
The event will showcase deals, hold sector briefings and connect investors with government and private sector actors.
Africa Investment Network founder and Chief Executive Jane Reindorf Osei noted that diaspora capital remains one of Africa’s strongest advantages because it is patient, purpose driven and closely linked to local development outcomes.
She explained that the partnership will help direct more diaspora investment into areas where it can make the most impact.
Chairman of 17 Asset Management, John Morris, highlighted that the joint effort will blend strong investment design with Africa Investment Network’s networks and convening power.
He stressed that improved research and compliant market access will give diaspora investors more confidence across different markets.
The two institutions will open their diaspora investment platform in the second quarter of 2026, followed by the launch of a co investment window.
Investment roadshows will also be held in North America, the Caribbean and key African centres next year.
Africa Investment Network and 17 Asset Management invited governments, development finance institutions, family offices, asset managers and other partners to support deal creation, risk sharing and market building initiatives aimed at boosting diaspora participation.
By: Jacob Aggrey
Government Communications Minister Felix Kwakye Ofosu insists that neither President Mahama nor the National Democratic Congress has filed any petition seeking the removal of the Electoral Commission Chairperson and her two deputies.
In a one on one Interview with GHone, he explained that the President only forwarded petitions he received, as required by law, and has not initiated any action against the EC leadership.
According to him, the identities and motives of the petitioners remain unknown to government, and the Presidency is not involved in that part of the process.
Mr Kwakye Ofosu stressed that while the NDC has openly disagreed with some actions of the Electoral Commission in the past, the party has not submitted any petition asking for the removal of the EC Chair or her deputies.
He noted that comments by the NDC National Chairman, Johnson Asiedu Nketiah, questioning the EC’s competence, do not amount to a formal petition.
He added that criticism of public officials is normal and does not automatically translate into a request for their removal.
Mr Kwakye Ofosu explained that once a petition is received, the President’s only role is to forward it to the Chief Justice.
The Chief Justice then decides if the allegations have merit. If they do, a committee is set up to investigate.
He said those named in the petitions will be officially informed by the Chief Justice, not the Presidency.
They will then have the opportunity to appear before the committee, respond to the claims, and provide any evidence in their defence.
Mr Kwakye Ofosu expressed confidence that the process will be fair and will protect the rights of all those involved.
By: Jacob Aggrey
