Vista Equity Partners Completes Acquisition of Duck Creek Technologies

Boston, March 30, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies (“Duck Creek”), the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced the completion of its acquisition by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, for $19.00 per share, in an all-cash transaction valued at approximately $2.6 billion.

“We are excited to commence our partnership with Vista Equity Partners and work together to advance the next generation of P&C insurance technology,” said Michael Jackowski, Chief Executive Officer of Duck Creek. “With Vista’s global network and deep sector expertise, we will be better positioned to support and accelerate the industry’s transition to the cloud while continuing to deliver a best-in-class customer experience.”

“Duck Creek is a demonstrated leader in the P&C space, delivering innovative solutions that empower carriers to be faster and more nimble in servicing the digital needs of their customers,” said Monti Saroya, Senior Managing Director and Co-Head of Vista’s Flagship Fund. “We look forward to partnering with Mike and the Duck Creek team as they continue to scale and define the future of P&C insurance technology.”

“We’re excited to welcome Duck Creek to the Vista ecosystem,” said Jeff Wilson, Managing Director at Vista. “Their commitment to excellence and innovation coupled with Vista’s experience in driving sustainable growth will take the business to new heights while delivering solutions that help carriers transform their business.”

Duck Creek has earned the right to partner with and provide its modern technology solutions to an esteemed list of leading carriers across the globe, including Berkshire Hathaway Specialty Insurance, Hollard Insurance, Northbridge Financial Corporation and Tokio Marine.

With the completion of the transaction, Duck Creek Technologies shares have ceased trading and are no longer listed on the Nasdaq Global Select Market.

J.P. Morgan acted as financial advisor to Duck Creek, and Skadden, Arps, Slate, Meagher & Flom LLP acted as legal counsel to Duck Creek.

Evercore acted as financial advisor to the Special Committee of the Duck Creek Board of Directors, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to the Special Committee of the Duck Creek Board of Directors.

RBC Capital Markets acted as financial advisor to Vista, and Kirkland & Ellis LLP acted as legal counsel to Vista.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

About Vista Equity Partners

Vista is a leading global investment firm with more than $95 billion in assets under management as of September 30, 2022. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.

Carley Bunch
Duck Creek Technologies
+1 (201) 962-6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8798688

Moderna Finalizes Agreement with the Government of the Republic of Kenya to Establish an mRNA Manufacturing Facility

Facility to enable access to manufactured mRNA vaccines for Kenya and the African continent, providing health security and building upon Moderna’s global public health commitments

The facility will be capable of producing up to 500 million doses each year

CAMBRIDGE, MA & NAIROBI, KENYA/ ACCESSWIRE / March 30, 2023 / Moderna, Inc. (NASDAQ:MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and the Government of the Republic of Kenya have finalized an agreement to establish an mRNA manufacturing facility in the Republic of Kenya. This will be the Company’s first mRNA manufacturing facility in Africa.

In partnership with the Government of the Republic of Kenya, Moderna will build a state-of-the-art mRNA facility in Kenya to produce up to 500 million doses of vaccines each year. The Company expects the new facility to enable drug substance and drug product manufacturing for Kenya and the African continent. In addition, this facility will have surge capacity to rapidly scale and respond to public health emergencies on the continent and around the world.

“The finalization of our agreement with the Government of the Republic of Kenya is a key pillar of our global public health strategy, where we hope to bring mRNA innovation to the people of Africa in areas of high unmet need, such as acute respiratory infections, as well as persistent infectious diseases like HIV and outbreak threats such as Zika and Ebola,” said Stéphane Bancel, Chief Executive Officer of Moderna. “This also demonstrates our confidence in the investment climate in Kenya and the importance of utilizing mRNA technology to build resilience in healthcare security in Africa. We are also grateful for the leadership of the U.S. Ambassador to Kenya, Meg Whitman, and Samantha Power, in her role as Administrator of the United States Agency for International Development for their instrumental support of this project.”

“We are excited about this milestone that brings to bear our efforts as Government to sustain our economic model of facilitating investments that serve not only Kenya but the African continent. My Government commits to supporting this investment as a critical signal to the investment community that Kenya is open for business,” said President William Ruto.

“This investment creates the momentum to meet the $10 billion annual target under the Government’s manufacturing 20 by 30 vision, where we plan to grow the contribution of manufacturing to GDP to 20% by the year 2030 from the current 7%,” said Kenya’s Cabinet Secretary for Investments, Trade, and Industry Hon. Moses Kuria.

The Government of Kenya has championed an accelerated investment agenda to grow foreign direct investment levels from the current levels of $448 million annually to $10 billion annually, making the country’s goal the continent’s most ambitious agenda to attract investments as an enabler to job creation. Moderna’s investment signifies confidence in the business environment in Kenya and readiness to support foreign and local investment in the healthcare sector, as well as Moderna’s ongoing commitment to global public health. Moderna will operate under a Special Economic Zone (SEZ) status, signifying Kenya’s increasing focus on the SEZ program as a key enabler of economic growth.

With this agreement, Moderna has commitments to establish mRNA manufacturing facilities in Kenya, the United States, Canada, Australia, and the United Kingdom, furthering health security around the world. Moderna has spent more than a decade refining its mRNA platform to accelerate the pace and success of mRNA medicines. The speed, scale, and flexibility of Moderna’s mRNA platform is uniquely suited for rapid response to serious international epidemics, commonly referred to as Disease X.[i]

Moderna is committed to advancing into clinical studies a portfolio of 15 vaccine programs targeting emerging or neglected infectious diseases by 2025, advancing vaccines that address current diseases of significant impact to low- and middle-income countries, and those that prepare for Disease X. Moderna will prioritize development efforts against pathogens identified as persistent global health threats, including HIV, tuberculosis (TB) and malaria, neglected tropical diseases and the priority pathogens of the World Health Organization and the Coalition for Epidemic Preparedness Innovations. Learn more at https://www.modernatx.com/responsibility/our-commitment.

About Moderna

In over 10 years since its inception, Moderna has transformed from a research-stage company advancing programs in the field of messenger RNA (mRNA), to an enterprise with a diverse clinical portfolio of vaccines and therapeutics across seven modalities, a broad intellectual property portfolio, and integrated manufacturing facilities that allow for rapid clinical and commercial production at scale. Moderna maintains alliances with a broad range of domestic and overseas government and commercial collaborators, which has allowed for the pursuit of both groundbreaking science and rapid scaling of manufacturing. Most recently, Moderna’s capabilities have come together to allow the authorized use and approval of one of the earliest and most effective vaccines against the COVID pandemic.

Moderna’s mRNA platform builds on continuous advances in basic and applied mRNA science, delivery technology, and manufacturing, and has allowed the development of therapeutics and vaccines for infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases. Moderna has been named a top biopharmaceutical employer by Science for the past eight years. To learn more, visit www.modernatx.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding: the Company’s plans to build an mRNA manufacturing facility in Kenya; the anticipated capacity and output for that facility; the ability of the facility to respond to public health emergencies; Moderna’s aspiration to develop treatments or vaccines against HIV, Zika, Ebola, and other public health pathogens; the ability of Moderna’s mRNA platform to respond to future epidemics; foreign investment in the health sector in Kenya; the advantages of doing business in a Kenyan Special Economic Zone; and Moderna’s plans to establish manufacturing facilities in the United State, Canada, United Kingdom, and Australia. In some cases, forward-looking statements can be identified by terminology such as “will,” “may,” “should,” “could,” “expects,” “intends,” “plans,” “aims,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Moderna’s control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These risks, uncertainties, and other factors include, among others, those risks and uncertainties described under the heading “Risk Factors” in Moderna’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and in subsequent filings made by Moderna with the U.S. Securities and Exchange Commission (SEC), which are available on the SEC’s website at www.sec.gov. Except as required by law, Moderna disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Moderna’s current expectations and speak only as of the date of this press release.

Moderna Contacts:

Media:

Luke Mircea Willats
Senior Director, Corporate Communications
Luke.Mirceawillats@modernatx.com

Investors:

Lavina Talukdar
Senior Vice President & Head of Investor Relations
617-209-5834
Lavina.Talukdar@modernatx.com

[i] “Disease X” was named by the WHO to represent the knowledge that a serious international epidemic could be caused by a pathogen currently unknown to cause human disease. https://www.who.int/activities/prioritizing-diseases-for-research-and-development-in-emergency-contexts

SOURCE: Moderna, Inc.

Hitachi Energy and Petrofac secure landmark offshore wind agreement worth approximately 13 billion euros

Largest framework agreement in Hitachi Energy company history, enabling long-term capacity expansion to accelerate the energy transition.Complementary technologies and expertise support TenneT’s offshore wind capacity expansion in the German and Dutch sectors of the North Sea.

Zurich, Switzerland, March 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch-German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to accelerate the integration of bulk renewables into European power grids.

Hitachi Energy and Petrofac were awarded the multi-year framework agreement as part of TenneT’s ambitious offshore wind “2GW Program”1, based on high-voltage direct current (HVDC) technology pioneered by Hitachi Energy.

The agreement includes an initial commitment to deploy six record-breaking renewable integration systems, five of which will connect offshore wind farms to the Dutch grid and the sixth to the German grid. Each of these connection systems has a capacity of 2 gigawatts (GW) and a voltage level of 525 kilovolts (kV) – a world-first for offshore wind.

This landmark framework agreement is the largest ever for Hitachi Energy. It confirms the opportunity to innovate how state-of-the-art technology can be deployed effectively and how new business models enable the scale needed for the green energy transition. The framework agreement approach allows Hitachi Energy and Petrofac to plan in advance and increase their workforce and manufacturing capacity timely as well as train people to have the skills needed in the industry while also capturing synergies between successive projects to meet the in-service dates.

Hitachi Energy will supply its HVDC Light® converter stations, which convert AC to DC power offshore and DC to AC onshore. Petrofac will undertake the engineering, procurement, construction and installation (EPCI) of the offshore platforms and elements of the onshore converter stations.

The first contract under the framework, for the Ijmuiden Ver Alpha project, was awarded with immediate effect. The second, Nederwiek 1, is expected to be awarded later in the year. The framework also includes projects Doordewind 1, Doordewind 2, Nederwiek 3 and LanWin5, expected to be awarded over a 2024-2026 timeframe.

“This innovative business model will set the course for the integration of a huge amount of offshore wind power and gives visibility of the future.  In fact, we are already hiring to expand our global delivery capacity and effectively fulfill these and other orders,” said Niklas Persson, Managing Director at Hitachi Energy’s Grid Integration business. “We’re proud to be part of this journey and, along with our partner Petrofac, we are setting the benchmark for deploying offshore HVDC technology at scale and with speed.”

“Today’s announcement represents an exciting next step in Petrofac and Hitachi Energy’s collaboration. We have already secured key resource and the yard capacity required to expedite the first two projects in TenneT’s ground-breaking program,” said Sami Iskander, Petrofac’s Group Chief Executive. “By combining Petrofac’s industry-leading EPCI expertise and Hitachi Energy’s well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes.”

“TenneT has the technical know-how, scale, and geographical position to connect wind energy from the North Sea. This is one of the most important infrastructure projects of the century; the green transformation of the energy system is key for the decarbonisation of industry,” said Tim Meyerjürgens, COO of TenneT. “Together with our market partners, we are very proud to have achieved another important milestone. Together we secure decisive acceleration of the offshore grid development and set the course for the future European energy landscape.”

“The new long-term approach goes hand in hand with a fundamental change in values towards a strong partnership. This approach enables both sides with more flexibility, technological progress, and planning security,” said Marco Kuijpers, Director Large Projects Offshore of TenneT.  This benefits all parties and secures employment, growth, and the strengthening of supply chains. We can already see that our partners invest in extra resources and facilities.”

Hitachi Energy and Petrofac began working together in June 2022, to provide joint grid integration and associated infrastructure solutions to support TenneT’s 2GW Program.2

In the same year, Germany, the Netherlands, Denmark and Belgium agreed to install at least 65 gigawatts of offshore wind energy combined by 2030 announced with the inter-governmental Esbjerg Declaration.3 At 40 gigawatts, almost two-thirds of this capacity is accounted for by TenneT, with 20 gigawatts each in the German and Dutch North Sea sectors.

1 TenneT’s 2GW Program
2 Hitachi Energy and Petrofac to collaborate in growing offshore wind market
3 The Esbjerg Declaration

HVDC website:
https://www.hitachienergy.com/offering/product-and-system/hvdc

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

About Petrofac
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world’s evolving energy needs. Our four values – driven, agile, respectful and open – are at the heart of everything we do.

Petrofac’s core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in-country value. We operate in several other significant markets, including India, Southeast Asia and the United States. We have 8,000 employees based across 31 offices globally.

Petrofac is quoted on the London Stock Exchange (symbol: PFC). For additional information, please refer to the Petrofac website at www.petrofac.com

Media contacts:
Jocelyn Chang
Global Head of Public Relations & Content Strategy
Hitachi Energy
jocelyn.chang@hitachienergy.com

Sophie Reid
Group Head of Communications
Petrofac
sophie.reid@petrofac.com

Attachment

Jocelyn Chang
Hitachi Energy
jocelyn.chang@hitachienergy.com

GlobeNewswire Distribution ID 8798527

Driver jailed 12 years for dishonestly appropriating Retiree’s vehicles and land

A driver who dishonestly appropriated two excavators, cars and land valued 160,000 Euros belonging to a Retiree, has been sentenced to 12 years imprisonment by an Accra Circuit Court. Isaac Dwomoh aka Nana Yaw was held on four counts of fraudulent breach of Trust. Dwomoh pleaded guilty and the court presided over by Mrs. Adelaide Abui Keddy convicted him on his plea. The accused person through his counsel prayed to the court to have mercy on him. The prosecution led by Assistant Superintendent of Police (ASP) Emmanuel Haligah beseeched the court to consider the intrinsic seriousness of the offence and the premeditation with which the accused carried out his plans. It further entreated the court to consider the loss suffered by the complainant, Comfort Amo, and the long-term effect of the offence on her. ‘It is our prayer that the sentence will be retributive and deterrent enough to serve as a lesson to likeminded persons.’ The case of the prosecution is that the complainant is a Retired Health Care Nurse domiciled in London while Dwomoh lived in Ghana. In February 2019, the complainant arrived in the country on holiday. The prosecution said on her arrival at Kotoka International Airport, the complainant request for an Uber ride service to her home at Haatso and Dwomoh was assigned to her. It said after few months the complainant’s stay in Ghana, she bought a KIA Picanto saloon car for Dwomoh to use as for Uber ride service and left for London. The prosecution said while in London, the complainant was in constant touch with Dwomoh and through their conversation, she declared the intent to return to Ghana. It said while in London, the complainant shipped two CAT excavators valued at 135,000 Euros each, a Toyota RAV4 utility vehicle costing 20,000 Euros and sent 5,000 Euros to Dwomoh to purc The prosecution told the court that in December 2022, the complainant arrived in the country for the holidays and called Dwomoh to pick her up at the Airport, but he did not show up, switched off his phone and went into hiding. It said all efforts made by the complainant to trace the accused and the vehicles proved futile. The complainant therefore reported the matter to the Police. On January 29, 2023, Dwomoh was arrested at a hideout. The prosecution said in his caution statement, Dwomoh admitted to selling all the vehicles and misappropriating the proceeds.

Source: Ghana News Agency

International order under threat over terrorist attacks – President Akufo-Addo

President Nana Addo Dankwa Akufo-Addo says the international order is under threat as a result of the destabilising actions being carried out by terrorist groups all over the world. ‘The unsettling uncertainty of where the next attack would come, the number of lives to be disrupted, lost or displaced, the annexing of national territories, and the wrecking of economies, are repercussions of this fight, except that this war has no fixed boundaries, neither does it have an end date,’ he noted. ‘Over the course of the past few years, there have been a number of initiatives and advancement at the global and regional levels to combat terrorism and violent extremism,’ President Nana Akufo-Addo, shared in a Facebook post, on Thursday, March 30, following his statement delivered on the terrorist threat in West Africa. ‘We have proven, through our combined efforts, that we are able to co-operate with one another in order to enhance our capacity to combat the threat posed by terrorism in all of its guises and manifestations, and as a serious crime that has no justification, regardless of its motivation or origin.’ Leaders from across the continent joined ambassadors in examining how to counter terrorism and better prevent violent extremism through stronger cooperation between the UN and regional organisations, at the UN Security Council on Tuesday, March 28. A statement issued by the Council on its meeting said: ‘Just as terrorism drives people apart, countering it can bring countries together.’ It pointed to several initiatives across Africa, including in the Sahel, the Lake Chad Basin and Mozambique. ‘Despair, poverty, hunger, lack of basic services, unemployment, and unconstitutional changes in government continue to lay fertile ground for the creeping expansion of terrorist groups to infect new parts of the continent,’ the UN Secretary-General, António Guterres, told the Security Council. The UN, he said, was extending assistance to African countries in areas that included prevention, legal assistance, investigations, prosecutions, reintegration and rehabilitation. Later in a tweet, Mr Guterres emphasised: ‘No age, no culture, no religion, no nationality and no region is immune to terrorism. But the situation in Africa is especially concerning. ‘Community by community, terrorist groups are trying to extend their reach. The UN stands with Africa to the end of this scourge once and for all.’

Source: Ghana News Agency

Ato Forson, two others ordered to open defence in ambulance acquisition case

An Accra High Court has ordered Dr Cassiel Ato Forson, Minority leader in Parliament, to open his defence in the 2.37million Euro ambulance case. Two others, Seth Anemana, a former Chief of Director, Ministry of Health and Richard Jakpa, a businessman, who are standing trial with Dr Forson have also been directed to open defence. Dr. Forson and the two have been variously charged with willfully causing financial loss to the state to the tune of 2.37 million Euros in the purchase of ambulances, which could not be utilised for their intended performance. The court order came after it ruled in a submission of no case filed by the accused persons at the end of the prosecution’s case against them. The court held that Dr Forson ought to prove that he indeed had the authority to write the Letters of Credit concerning the purchase of the ambulances. Dr Forson through his lawyers, had stated that he did not issue letters of credit and insisted that the charges preferred against him were baseless. The defence further argued that the prosecution had woefully failed to establish a case against Dr Forson and the two others person, and posted that the State was only abusing its prosecutorial powers. The court has therefore adjourned the matter to April 11, 2023, to file witness statements and show the court who the witnesses were. Dr Forson, the National Democratic Congress (NDC) legislator for Ajumako, and a Ranking Member on the Finance Committee of Parliament, and the two others, according to the facts, breached the procurement law in the purchase of the ambulances. On August 7, 2014, Dr Forson wrote to the Bank of Ghana (BoG) ‘urgently requesting to establish the Letters of Credit for the supply of 50 ambulances amounting to pound 3,950,000, representing 25 per cent of the contract sum, while arrangements were being made to perfect and sign the loan agreement in favour of Big Sea’. On August 12, 2014, Dr Forson wrote to the Controller and Accountant-General authorising the release of GHS806, 688.75 to the Minister for Health for the payment of bank charges covering the establishment of Letters of Credit (LCs) for the supply of 50 Mercedes Benz ambulances and related services. The facts indicated that Dr Forson further directed that the LCs should be charged to the budget of the Ministry of Health contrary to the Parliamentary approval on the funding for the supply of the ambulances. The Controller and Accountant-General on the authority of the letters dated August 7 and 12, 2014, written by Dr Forson to the BoG authorised it to establish an irrevocable transferable LCs in the sum of pound 3,950,000 in favour of Big Sea. By February 2015, 30 ambulances had arrived in Ghana and a post-delivery inspection revealed that they had no medical equipment and had other defects. A further inspection by Silver Star Auto, at the request of the Ministry of Health, revealed that the vehicles were not originally built as ambulances and were not fit to be converted for that purpose. A total amount of pound 2,370,000 was paid for the 30 vehicles. However, Dr Forson at a press conference on December 24, 2021, said he would not be distracted in holding the government accountable and described the charges against him as frivolous and politically motivated. He noted that although the investigation into the purchase of the ambulances started in 2017, nothing was heard of the matter until November 2021, when he started raising concerns about the 2022 Budget and the Economic Policy of the Government

Source: Ghana News Agency

Former President Mahama assured of massive votes in the Central region

The National Democratic Congress (NDC) delegates in the Abura-Asebu-Kwamankese (AAK) Constituency have assured former President John Dramani Mahama of 99.9 per cent votes in the party’s primaries to elect a flagbearer. Mr Vincent Koosom, the AAK Constituency Chairman of the NDC gave the assurance when the former President paid a visit to the constituency at Abura Dunkwa, the district capital. He noted that former President Mahama with that his vast experience, coupled with being in government before, made him stand tall among the rest, hence the need to endorse him overwhelmingly. Mr Koomson called for unity among the party members and supporters to enable it wrestle power from the New Patriotic Party (NPP). Mr Mahama, who is seeking the Party’s endorsement as its presidential candidate, called for a decent campaign among supporters of the two other contestants in the parliamentary race in the constituency, to save the party from any reconciliation exercise after the election. The two are Dr Abena Klutse and Mr Felix Kwakye Ofosu. Former President Mahama indicated that there would be no stone left unturned, as vigilant election officers would be trained to have their eyes widely opened to critically observe proceedings particularly, at the polling stations and the Election Commissions’ strong room. He also assured the delegates that the fortunes of the party executives and the grassroots supporters would change in terms of trade and businesses if he was voted into power on May 13, 2023, to lead the party into victory in the Elections 2024.

Source: Ghana News Agency

Man jailed for 10 years and fined GHC120,000 for drug trafficking

An Accra High Court has sentenced Kwadwo Fosu, a Ghanaian domiciled in Spain to 10 years imprisonment for expelling 68 pellets of cocaine and heroin. Kwadwo Fosu is said to have expelled 68 pellets of cocaine and heroin whilst under observation. Fosu was also ordered by the court to pay a fine of GHC120,000 or serve an additional three-year jail term if he failed to do so. Fosu was facing charges of possessing narcotic drugs, attempted exportation of narcotic drugs, bribery of a public official, and engaging in a criminal conspiracy to commit an offence, namely the exportation of narcotic drugs. The accused person pleaded guilty, and the court convicted him on his plea. His lawyers appealed for a lesser sentence because he did not waste the court’s time. Fosu’s accomplice, Haruna Moro, is being held on a charge of engaging in a criminal conspiracy. Moro, through his lawyers, decided to enter plea bargaining. The facts as narrated by Watkins Adamah, an Assistant State Attorney, indicate that Fosu is a Ghanaian residing in Spain and the Moro resides in Teshie, Accra. The prosecution said on September 15, 2021, Fosu arrived at the Kotoka International Airport to board a Tap Air Portugal flight bound for Spain. During departure formalities, Fosu was stopped for profiling by an officer of the Narcotics Control Commission (NACOC). During the profiling, Fosu voluntarily confessed to the officers of NACOC that he had ingested narcotic drugs which were given to him by Olu and Abu who are currently at large. The prosecution told the court that Fosu informed them that he met Olu and Abu through one Felix Busia, who introduced him to the narcotic drug. It said Fosu was to deliver the drugs to the brother of Olu in Spain for a fee of 2,000 Euros. The prosecution said Fosu paid 300 Euro to the officers of NACOC so they would release him to continue with his travel. It said Fosu was made to call Olu to say that the officers of NACOC were demanding an additional $1,000 dollars before he would be released. The prosecution said Olu, who was put on speaker, indicated that he would send his brother with the money and described the clothes he was wearing and where to meet him at the Airport. It said Moro, just as described by Olu, arrived at the Airport about 10 minutes later and met the officers of NACOC. The prosecution said he handed over an amount of GHC6,000 which was the equivalent of $1,000 to the officers of NACOC as demanded so that Fosu could be freed and travel to Spain with the drugs. It said Moro was arrested when he tried to leave the Airport after handing over the money to the officials of NACOC. The prosecution said after Moro’s arrest, he denied giving money to any officer of NACOC. It said Fosu was put under observation and he expelled 68 pellets containing powdery substances which were forwarded to the Ghana Standards Authority (GSA) for examination. The prosecution said a report dated October 11, 2021, from the GSA, indicated that 40 of the pellets were found to be heroine with a percentage purity of 20.2. It said the remaining 28 pellets tested positive for cocaine with a percentage purity of 36.9.

Source: Ghana News Agency