CDH Holdings has refuted claims it owed defunct Capital Bank GH₵100million.

The institution is threatening to counter sue the Receiver of the defunct bank for defamation.

The Group CEO of CDH Holdings, Emmanuel Adu Sarkodie said, “The suit itself is very funny; you don’t make a distinction between CDH as a holding company and CDH Savings and Loans. As a matter of fact, for defaming the name of the Savings and Loans, we are going to bring an action against them.”

Earlier, Defunct Capital Bank had gone to court to recover over ¢100 million being debts owed it by CDH Financial Holding and CDH Savings and Loans.

The bank, which was among the two banks that were taken over by state-owned GCB Bank over severe liquidity challenges, wants the High Court to order the Defendants to pay the full amount [ a total of ¢109, 390,634.70] plus the accrued interest.

The defunct bank also wants the Court to order the Bank of Ghana to withdraw the licenses of the Defendants (CDH Financial Holding and CDH Savings and Loans) for their inability to pay back investment on maturity dates.

 

But Mr. Adu Sarkodie said “it’s very infantile” for the Receiver of defunct to request the BoG to withdraw the license of CDH Holdings and CDH Savings and Loans

Meanwhile, CEO of CDH Savings and Loans, Martin Asamoah expressed utmost surprise at the suit by the receiver of the defunct capital bank.

He noted that the CDH legal team and that of the receiver had several meetings ever since the crises started.

“We have funds of the capital bank and they also have funds with us, because we are trading together and have been cooperating ever since the crises started’ he stated.

‘When the receiver wrote to us, we even initially put in our claims of how much we have with the capital bank, we met the lawyer of the receiver and had intensive discussions’ Mr. Asamoah added.

He said the two parties agreed to the figures and that a careful look at the figures indicates that the defunct capital bank even owed CDH. ‘If I show you the mail from the lawyer, the net figure per our agreement in February 2018 was supposed to be GH₵55 million. They are suing us for GH₵100 million and I’m wondering how it got there,” Mr. Asamoah lamented.

 

Statement of claims

 

Capital Bank makes the following six claims against CDH Financial Holding and CDH Savings and Loans:

 

1. An order directed against the defendants jointly and severally for the recovery of an amount of ¢83,489,123.29 and US$5,289,315.07 being the outstanding amount agreed as owed to the Plaintiff by the Defendants [CDH Financial Holding and CDH Savings and Loans] on or about December 31, 2017.

 

2. Interest on GHC 83.489,123. 29 calculated at the prevailing commercial bank lending rates from December 31, 2018, till the date of final payment.

 

3. Interest on US$5,289,315.07 calculated at the Bank of Ghana United States dollar lending rate from December 31, 2018, till the date of final payment.4. Damages for breach of contract.

 

5. Costs.

 

6. An order directed at the Bank of Ghana to withdraw the licenses of the defendants for their inability to pay back investment on maturity dates.

 

7. Any other reliefs) as may seem fit to the honorable court.

Award winning recording artist NANA NYC who also doubles as an award winning Television Producer, Artist and Entertainer based in New York, originally from Kwahu Obo/Kwahu Tafo in Ghana but relocated to New York City back in 1992 when his mother Doris Ama Afriyie Harrison decided it would be better to fly him in to the US because of the many opportunities given to children who had interests in Arts & Media. NANA NYC has always been into creative arts.

 

 

……http://itunes.apple.com/album/id14163…

 

(more…)

A writer of the published work, “Life of Bougie” under my writing name Alexis I. Dragon. I write screenplays, too! I LOVE SOUTH KOREA!!! I AM A SINGER/SONGWRITER – CHECK ME OUT ON AMAZON AND ITUNES WITH MY STAGE NAME – ALEXIS TIME.

 

 

 

Captain of Ghana Black Stars, Asamoah Gyan believes he cannot please everybody in life and therefore he will do what pleases him.

This comment by the footballer comes while he is seeking to annul his marriage and have requested for a paternity test.

Asamoah made this known through his Instagram page where he shared a photo illustrating what people expect of others in this world.

The illustration suggested that man should not be guided by what people say but rather by what he feels is right for him.

 

Source: Mynewsgh.com

 

Ever wondered why Highlife musician Kwabena Kwabena, born George Kwabena Adu has married severally and divorced same and still counting?

Well, the answer to this has been advanced by Ghanaian Rapper, Kwame Nsiah Appau, popularly called, Okyeame Kwame who disclosed that the musician is sexually appealing which could account for this.

At the premiere of his music video dubbed ‘Takoro Abodwese’ and unveiling of his two-year deal with Loggy Entertainment, Okyeame Kwame disclosed that Kwabena Kwabena has a great voice and a great personality which may be the reasons most ladies are attracted to him.

“Kwabena Kwabena has a sex appeal with a great voice, great personality. There are three things in life one needs; money, sex and rock and roll”, he disclosed.

Kwabena Kwabena on his part said his latest banger is not to promote promiscuity but meant for lovers.

“The concept was designed to excite lovers”, he disclosed.

The music video according to Management of Loggy Entertainment costs GH¢125,000, expressing hope it would satisfy the targeted audience.

 

 

 

Source: Mynewsgh.com

Ghanaian Dancehall artiste Stonebwoy, known in real life as Livingstone Etse Satekla has been adjudged Artiste of the Year at the maiden edition of Ghana Music Awards South Africa.

The artiste won against his strong contender’s controversial ‘Gringo’ hitmaker Shatta Wale, late Dancehall songstress Ebony Reigns, Patapaa Amisty, young sensation Kuami Eugene and others.

Apart from Stonebwoy who won the artiste of the year, Shatta Wale also received the dancehall song of the year while late Ebony Reigns was represented by her father won Reggae dancehall of the year.

Here are all the winners of the Ghana Music Awards South Africa for the year 2018;

1* LIFETIME ACHIEVEMENT – ELDER MIREKU

2* YOUTH EMPOWERMENT PROJECTS – CHOIR MASTER

3* BEST INTERNATIONAL ACT EAST AFRICA – VANESSA EMDEE (TANZANIA)

4* BEST INTERNATIONAL ACT WEST AFRICA – MEDOSKY

5* BEST INTERNATIONAL ACT SOUTHERN AFRICA – BABES WODUMO (SOUTH AFRICA)

6 * BEST MUSIC JOURNALIST / BLOGGER OF THE YEAR -nNII ATTAKORAH MENSAH

7 * BEST DJ OF THE YEAR – DJ SWITCH

8 * GOSPEL ARTISTE OF THE YEAR – JOYCE BLESSING

9 * PROMISING ARTISTE OF THE YEAR -MACCASIO

10 * NEW ARTISTE OF THE YEAR – WENDY SHAY

11 * BEST GROUP OF THE YEAR – REGGIE AND BOLLIE

12 * HIP-LIFE ARTISTE OF THE YEAR – QUATA BUDUKUSU

13 * BEST RAPPER OF THE YEAR – STRONGMAN BURNER

14 * MOST POPULAR SONG OF THE YEAR – ONE CORNER (PATAPAA)

15 * HIGH LIFE ARTIST OF THE YEAR – KUAMI EUGENE

16 * BEST MALE VOCALIST OF THE YEAR – KING PROMISE

17 * DANCE HALL ARTIST OF THE YEAR – SHATTA WALE

18 * REGGAE / DANCE HALL SONG OF THE YEAR – EBONY (SPONSOR)

19 * BEST COLLABORATION OF THE YEAR -ARTICLE WAN X PATAPAA (THAT THING)

20 * BEST PRODUCER OF THE YEAR MASTER GARZY

21 * BEST MUSIC VIDEO OF THE YEAR – CITIZEN WELKINS

22 * ARTIST OF THE YEAR – STONE BWOY

From Ghana CEO Of Zylofon media Nana Appiah Mensah was awarded for his role in the Ghanaian Music Industry and Attractive Mustapha NII Okai Inusah for his contribution in promoting the event.

 

 

 

Source: attractivemustapha.com

Energy Commercial Bank Limited has extended its Initial Public Offer (IPO) that was expected to end on Friday 2nd November 2018 to 16th November 2018.

This follows approval for extension by the Securities and Exchange Commission.

A circular by the Ghana Stock Exchange indicates that the listing of all Energy Commercial Bank shares will take place on 18th December 2018 instead of the earlier arrangement of 6th December 2018.

Importantly, shares of Energy Commercial Bank can still be purchased at any branch of Energy Commercial Bank Limited, UBA, Zenith Bank, UMB, Ecobank Ghana, IC Securities Ghana Limited and any Licensed Dealing Member of the Ghana Stock Exchange.

Also, the minimum number of shares which can be subscribed to, under the offer, is 100 shares amounting to GHc130.00 and in multiples of 10 thereafter.

Energy Commercial Bank is seeking to raise GHc340 million from the Ghanaian investing public. The bank is floating over 261 million new shares at GH¢1.30 per share.

Energy Commercial Bank presently operates 12 branches in Ghana- five in Accra, three in Kumasi, and the rest in Tema, Takoradi and Tamale. It is expected to expand vigorously once it completes its recapitalization

 

 

 

ource: Energy Commercial Bank

The Debt and Management Enforcement Unit of the Ghana Revenue Authority has closed the head office of internet service provider Surfline in Accra for defaulting in tax payment.

The GRA embarked on the exercise in the Greater Accra region to retrieve taxes owed government.

Explaining the reasons behind the action, Acting Assistant Commissioner at the Communications and Public Affairs Department of the GRA, Bobbie Ansah announced that Surfline owes taxes amounting to over 37 million Ghana cedis.

Bobbie Ansah said the company has been given 10 days to start making payment or face further action which could include a civil suit.

“Surfline owes more than thirty seven million cedis in taxes, these taxes have accrued since 2015 and seeing that they do not have any available money to make payment we have locked up the company,” he said.

“We are giving them ten days to come up with a payment plan, if they are not able to pay by then, we will take the next line of action” he added.

On his part, the Chief Revenue Officer at the GRA, Wisdom Xetor disclosed that the authority will have no option but to sell off some assets of defrauding company.

“If after ten days the company has not been able to make any form of payment one of the options will be to sell off some of their assets,” he stressed.

Meanwhile, the Debt and Management Enforcement Unit of the Ghana Revenue Authority also visited telecommunication company, GLO.

“On arrival we have had discussions with them and they have issued a cheque of two million Ghana cedis to us”

The telco paid two million cedis on the spot out of the ten million cedis it owes the state.

The company has however promised to visit the offices of the GRA to deliberate on a payment plan.

This is not the first time the GRA has attempted to lock up the offices of Glo this year.

 

Source: citibusinessnews.com

 

Ghana striker Abdul Majeed Waris scored his first goal for his club side Nantes on Tuesday night when they defeated Montpellier 3-0 in the French League Cup.

The attacker scored his first goal for the club on Tuesday in his 12th appearance to help the top tier side advance to the next round of the competition.

Waris joined the Ligue 1 side in the summer with the hopes of increasing the attacking options of the club after some impressive previous stints in France.

Despite making a decent showing in the league so far by setting up some goals for his team-mates his inability to score piled pressure on him.

But he eased the pressure on himself when he received a straight pass, advanced and hit a powerful left foot, leaving the goalkeeper with no chance.

The goal his first since joining Nantes on loan from Portuguese giants FC Porto.

The player was loaned by FC Porto and has a contract until 2022 with the Dragons.

 

Source: GHANAsoccernet.com

 

Michael Essien says eliminating Chelsea in the EFL Cup will be a tough ask for Frank Lampard and Derby County.

Frank Lampard’s Stamford Bridge return in the EFL Cup with Derby County will be a big but difficult night, according to former Chelsea team-mate Michael Essien.

For the first time in his fledgeling managerial career, Lampard will be in the opposition dugout against the club where he won 11 major trophies – including three Premier League titles and the Champions League.

His Derby side booked their fourth-round berth with a penalty shoot-out win over Manchester United at Old Trafford, the Rams have drawn against Chelsea in the subsequent draw.

Essien played alongside Lampard for the Blues and expects the 40-year-old to get a huge welcome from the fans, but does not expect another cup upset.

“We all know what he did for Chelsea, he is a legend,” he told Omnisport. “He’s coming home so it will be a big night.

“I’m sure he’s looking to win but it’s not easy at Stamford Bridge.”

Derby arrives at Stamford Bridge unbeaten in their last five Championship matches, a run that has included victories over promotion rivals Sheffield United and West Brom.

Chelsea go into the tie having progressed from 18 of their last 19 EFL Cup matches against non-Premier League sides, and the Blues have won their previous eight home matches against the Rams.

 

Source: 442.com

 

Former Ghana FA President, Kwesi Nyantakyi has been banned for life by world football governing body FIFA.

According to FIFA, Nyantakyi is banned from taking part in all football-related activities and the ban takes effect immediately.

The life ban follows extensive investigations by FIFA’s Adjudicatory Chamber of the Independent Ethics Committee into the conduct of Mr Nyantakyi who was captured in an explosive expose by Ghanaian investigator Anas Aremeyaw Anas.

The adjudicatory chamber found Mr Nyantakyi guilty of having violated Article 19 (conflict of interest), Article 21 (Bribery and corruption) and Article 22 (Commission) of the FIFA Code of Ethics, 2012 edition.

Mr Nyantakyi has additionally been fined 500,000 Swiss Francs (over GHS 2.4million).

According to a FIFA statement, Mr Nyantakyi was notified today about the ban.

This brings to a sad end of the glittering career of the man considered as the most successful GFA President in the history of Ghana football.

Nyantakyi reigned as GFA President for 13 years and helped Ghana’s Black Stars to qualify for three successive FIFA World Cups (2006, 2010 and 2014). Nyantakyi rose through the ranks to become the Vice President of the Confederation of African Football (CAF). He was highly tipped to take over from current CAF President Ahmad Ahmad in the near future.

Kwesi Nyantakyi was initially suspended on June 8 for 90 days by the adjudicatory chamber of Fifa’s independent Ethics Committee. The ban was later extended for an additional 45 days on September 6.

What’s Nyantakyi’s crime

He was filmed in an undercover investigation by controversial Ghanaian journalist Anas Aremeyaw Anas taking $65,000 (£48,000) from an undercover reporter pretending to be a businessman.

Soon after the ban on 8 June Nyantakyi resigned from the posts he had held with football’s world governing body, Fifa, and the Confederation of African Football (Caf).
He left his role on the Fifa Council and stepped aside from his roles with Caf including as 1st vice-president, the most senior figure at the confederation after its president, Ahmad.

As well as the Fifa suspension Nyantakyi also resigned as president of the GFA on 8 June following an executive committee meeting.

Nyantakyi has always denied any wrongdoing.

 

 

Source: www.ghanaweb.com

 

Medikal is indeed “chopping” down actress Fella Makafui as several blogs have reported in the past.

Of course, he won’t openly admit that they are indeed going out but things between them look quite obvious anyway.

He recently posted a picture of him sitting together with Fella Makafui in a fancy room which he captioned

“My bestie de lie me but I still de listen”.

Interestingly, he locked the comment section of the picture to prevent people from criticizing him.

But seriously, will anyone believe they are just friends? Of course, their so-called “friendship” will definitely come with some benefits since Medikal himself has confessed in the past that he is attracted to girls with big butt and nice shape — something Sister Debbie lacked.

Now, why do we know or think he has indeed ended things with Sister Deborah?

So apart from the fact that Sister Deborah completely deleted all his pictures from her social media pages and unfollowed him too, she’s decided not to talk about him at all.

Medikal recently released his video for “How much remix” which features Sarkodie and Paedae and surprisingly Debbie didn’t post anything about it even though there was so much buzz about the video.

Again, Deborah seems to have found comfort in her new pal, Lydia Forson and the two for some time now have been quite inseparable too.

At least now he’s dating a girl who is his age mate lol. Can we blame him?

 

 

Source: Eonlineghana.com

 

Perhaps we should blame President Nana Akufo Addo for what seems to be an increase in Ghana’s unending hardship—which has led the loudmouth Deloris Frimpong Manso, popularly known as Delay to close down her 2-by-4 shoe boutique located at Dzorwulu near the Fidelity Bank over poor sales and tax headaches.

Delay’s Shoe Shop which she refers to it as a plush boutique, carved out of a small space—which in the past doubled as a studio for her Delay Show has finally been closed down, GhanaCelebrities.Com can confirm.

And since Delay has some time remaining on the lease, she has turned the shop into an office, to be used for whatever, and also to keep her “big girl status” in Accra going—images she shared on her Snapchat a few days ago confirmed the shop-to-office conversion.

We’ve gathered from neighbours that, business dwindled to nothing and apart from friends who visited the shop, no one entered to make any purchase—and as such, this could mainly be the reason why it has been shut down.

Apparently, on top of the no-sales, the Ghana Revenue Authority (GRA) has been on the flat hard butt of Delay—and the tax headaches finally informed her decision to shut the non-profit making business down.

Since the conversion, Delay has not managed to even change the signage (signboard)—as her new office (old shop) continues to display the signage of her boutique. We do not want to say she has no money for a new signage as she has probably ordered for one to be made from Dubai for her–you know how these girls brag.

One thing certain about Ghana’s economy is: it will humble a lot of the big talkers.

 

Source: Ghanacelebrities.com

 

It seems all is not well between Kwese TVs Efia Odo and rich boyfriend Kweku Revloe.

The actress and television presenter had in the past flaunted him all over social media — constantly declaring her love for him.

However, recently Efia Odo has deleted all pictures she had with Revloe from her social media pages.

That’s quite unusual for someone who had been seen “all over the place” with this guy to do. And usually, these breakups start with the pulling down of pictures from social media pages.

Again, Revloe was also captured on a date with a mystery lady and he was acting very nice to her — maybe too nice.

Afia Odo, however, reacted, saying nothing was wrong with their relationship and that Revloe always treats every woman like a queen.

Whatever the case may be, we will be here to keep you updated.

 

 

Source: Eonlineghana.com

‘Gringo’ hit maker and Dancehall artiste Shatta Wale has revealed that he’s having to deal with huge pressure on him from Ghanaians to marry his baby mama and long time girlfriend Shatta Michy.

Their relationship had been suffering for some time now after they announced their breakup in April but the controversial musician stunned the massive crowd at the recent launch of his ‘Reign Album’ when he proposed to Shatta Michy midway through his performance.

He pulled out a ring and asked: “Shatta Michy will you marry me” before dropping to one knee in front of thousands of his raucous fans at the Fantasy Dome of the Trade Fair Centre in Accra.

The couple later embraced and Shatta put a ring on Shatta Michy’s finger before giving her a passionate kiss.

Appearing on Joy FM’s Morning show, Shatta Wale stated that the many calls by his fans and followers to get married will be headed as he’s sure to walk Shatt Michy to the alter in 2018.

“…We’re working on our wedding so people should watch out next year. A whole lot of Ghanaians are worried, people are just giving me pressure asking me when will you marry her? People are giving me pressure and stuff but I really want to watch God’s time. I want to do something nice for her because she’s been with me for so long and she’s supported me. People say she’s gone through disgrace but I call it grace.”

 

 

Source: Kasapafmonline.com