St Kitts and Nevis announces further monumental changes to its Citizenship by Investment Programme

Basseterre, July 27, 2023 (GLOBE NEWSWIRE) — Today, the Government of St Kitts and Nevis proudly announces further groundbreaking changes to its Citizenship by Investment Programme, a move that signals the country’s intention to remain as the reference point for the international investment migration industry. The monumental changes have been made to ensure that only high net worth investors and persons who value the citizenship of St Kitts and Nevis are attracted to the Programme.

For nearly 40 years, St Kitts and Nevis has been the pioneer of the global investor immigration industry, charting new territory with forward-looking solutions based on solid legislative principles and strict due diligence policies. The Programme has allowed the nation to thrive, giving Kittitians and Nevisians the opportunity to advance without overreliance on international financial aid.

The new changes, further to those made in December 2022, are aimed at safeguarding the nation’s integrity, making the Programme sustainable and preserving the privileged status of being a citizen of St Kitts and Nevis.

“Today, St Kitts and Nevis takes another bold step in reaffirming our intention to not only offer the best Citizenship by Investment Programme in the world, but also to offer a programme held together by a tight regulatory system designed to be a best-in-practice defence mechanism against illicit actors and those who try to bypass our high-end investment and contribution options. We are continuously committed to preserving the exclusivity and prestige associated with being a citizen of St Kitts and Nevis,” said Prime Minister the Hon. Dr. Terrence Drew.

“This Government has always taken a considered approach when making decisions that impact not only the people of St Kitts and Nevis, but the international community as well. We have done some deep introspection, analysed the Programme, spoken to our international partners and have decided that now is the right time to show the world, as we did in December 2022, that our citizenship is not accessible to those who do not value our citizenship or understand what St Kitts and Nevis has to offer the world. We will continue to engage with the international community to provide clarity and assurance to investors that St Kitts and Nevis is a safe destination for long term investments,” continued Prime Minister Drew.

“Since coming into office less than a year ago, I have sought to work with well-intentioned partners who share my vision of where we can take our island nation on the global stage. We have done everything in our power to protect and advocate for the good name of St Kitts and Nevis. We have continuously instituted changes that will not only alleviate the concerns of our international stakeholders and position us as a compelling emerging market destination for authentic foreign direct investment, but these changes are also aimed at ensuring that our people continue to be proud to be called a citizen of St Kitts and Nevis.”

The Government of St Kitts and Nevis has made further sweeping changes to its Citizenship by Investment Programme, which include the introduction of a new investment option called the Sustainable Island State Contribution (SISC). The SISC replaces the previous Sustainable Growth Fund (SGF) and investors contributing towards this option will be advancing St Kitts and Nevis into a Sustainable Island State based on the following seven pillars:

 

  1. Increasing local food production;

2. Transitioning to Green Energy;

3. Diversifying the economy;

4. Attracting and supporting sustainable industries;

5. Evolving the Creative Economy;

6. Recovering from the impacts of the COVID-19 pandemic; and

7. Expanding social protection and safety nets to protect the most vulnerable.

 

Contributions start from US$250,000 for one applicant only and increase as a spouse or dependants are added. For a family of two, the contribution amount increases to US$300,000 and for a family of three or four, the minimum Sustainable Island State Contribution is US$350,000.

The minimum amount for investing in the Developer’s Real Estate Option is now US$400,000. The property must be held for a period of seven years and can be re-sold, once, to another purchaser who wants to apply for Citizenship by Investment.

An Approved Private Home, which can be a condominium or single-family dwelling, qualifies to be sold as a Citizenship by Investment option if a minimum investment of US$400,000 is paid to the condominium owner or US$800,000 is paid to the single-family dwelling owner, by the main applicant.

Again, the private home must be held for a period of seven years and cannot be sold to another purchaser who wants to apply for Citizenship by Investment unless the Federal Cabinet is satisfied that substantial further investment was injected into the real estate by way of further construction, renovation or otherwise.

A public benefit unit in an Approved Public Benefit Project will qualify for Citizenship by Investment, if a minimum contribution of US$250,000 is paid to the Approved Public Benefactor by the main applicant. This option is limited to Approved Public Benefactors who, by their projects, maximise local employment; embark upon programmes including transfer of technology and local capacity building; transfer all real estate to the State on substantial completion; and assume all financial risks.

Investors applying for Citizenship by Investment are now required to have a mandatory interview either virtually or in person at a location specified by the Citizenship by Investment Unit and approved by the Board of Governors. Interviews will be conducted by an independent professional firm commissioned by the Citizenship by Investment Unit, who will also perform background due diligence checks, or the Unit itself.

All background due diligence checks will be commissioned by the Citizenship by Investment Unit and will be conducted by independent professional firms from the United Kingdom, USA and Europe, and in accordance with the requirements set by the Board of Governors.

Once the Citizenship by Investment application has been approved, all processes and due diligence checks are finalised and the investment is made, a Certificate of Registration will be issued to the main applicant. The Certificate of Registration must be collected in person in St Kitts and Nevis or at an Embassy or Consulate specified by the Citizenship by Investment Unit as approved by the Board of Governors.

Further, the Board of Governors have been empowered to regulate all Authorised Agents and International Marketing Agents, who must have their businesses registered under the laws of St Kitts and Nevis. Major limitations have also been included with respect to the methods by which the St Kitts and Nevis Citizenship by Investment Programme is to be advertised internationally.

“In this ever-changing and unpredictable world, it is imperative that the Government of St Kitts and Nevis and its Citizenship by Investment Programme continue to adapt to the needs of our people and to attract the right kind of international investment necessary to uplift our country. While we have always been the benchmark of the global investor immigration industry, we understand that in order to remain as one of the most sought-after economic citizenship programmes in the world, we need to continue to evolve and forge a path for ourselves that is sustainable in the long term,” added Mr. Michael Martin, Head of the country’s Citizenship by Investment Unit.

The changes aim to boost international investor confidence and bolster St Kitts and Nevis’ reputation globally.

St Kitts and Nevis continues to demonstrate the traits that underpin its resilience, growth ambitions and willingness to cooperate with international counterparts. These include a competent, responsive, skilled and credible Citizenship by Investment Unit with several layers to solidify the integrity of the Unit including a Board of Governors and a Technical Committee. The country also has a stable political system and macroeconomic framework, consistency in the enforcement of law by the independent judiciary, a vibrant and resourceful private sector and a free and independent media.

St Kitts and Nevis wish to attract distinguished applicants who have demonstrated exceptional accomplishments, possess substantial investment capabilities, and are committed to making significant contributions to the country’s growth and development.

The primary objective of this approach is to ensure that St Kitts and Nevis maintains the highest standards of citizenship and fosters a vibrant community of nationals who share a common vision for the nation’s advancement. St Kitts and Nevis is on a path toward sustainable growth and the changes to the Citizenship by Investment Programme show a clear direction that the country is setting itself apart.

High net worth persons looking to invest in professionally regulated projects or contribute meaningfully towards societal advancement, should choose St Kitts and Nevis.

Secretary of St Kitts and Nevis Citizenship by Investment Programme
Government of St. Kitts and Nevis
001 (868) 467 1474
info@sknciu.com

GlobeNewswire Distribution ID 8882238

Chairman of Avia Solutions Group Gediminas Ziemelis: The challenges of factory freighters compared to P2F

DUBLIN, Ireland, July 27, 2023 (GLOBE NEWSWIRE) — The pandemic years brought record revenues from air cargo. With supply limited due to the grounding of passenger planes, and demand up thanks to booming ecommerce, prices per cargo kilogram soared. According to TAC Yields figures from the Trade and Transport Group, in 2019 air cargo from Hong Kong to North America cost $3.80/kg while the price from Europe to North America was $2.10/kg. By 2022, these same services cost $9.00/kg and $4.50/kg respectively.

Unsurprisingly, this situation transformed the position of air cargo providers. Cargo revenue more than doubled from $100 billion in 2019 up to $210 in 2021 (these are the IATA’s figures) while passenger revenue plummeted from $607 billion annually down to $239 billion. Cargolux’s annual revenue grew from $2.2 billion to $5.1 billion over the course of the pandemic, and Silkway more than doubled its revenue and saw its margin transform from -10% to +30%. These huge gains, plus the long-term potential of ecommerce (which has led Airbus and Boeing to make optimistic forecasts for growth in air cargo), led many airlines to focus more on cargo.

However, increased belly capacity has led cargo prices to drop steeply once more. The IATA forecasts that year-on-year cargo yield will fall by 28.6% this year. This means air cargo, a notoriously cyclical sector, is once again entering a period of turbulence. This is the context in which airlines are deciding whether to purchase new freight planes.

New freighters vs passenger-to-freighter conversions

Airlines and air cargo providers are pursuing different strategies when it comes to building up their freighter fleets. According to KPMG’s latest report, last year, 35 orders were made for new 777-200F aircraft, 33 were made for new 777-8Fs, and 20 providers bought new A350Fs. These orders were made by both dedicated air cargo providers (Cargolux, Silkway West, DHL, FedEx) and airlines (Lufthansa Cargo, Qatar, Air Canada, China Airlines, EVA, Air France, Etihad, SIA and Western Global). Meanwhile, annual passenger-to-freighter (P-to-F) conversions have reached historic highs with volume estimated to peak at 180 per year by 2025, and then settle at around 160 aircraft per year. This compares to 70 units per year before the COVID-19 pandemic.

A number of factors are affecting the choice of purchasing either new freighters or P-to-F conversions. Naturally, cost is a major one, taking into account variables like total order number, fuel burn and maintenance as well as the upfront production costs. Production lead times is another key factor, as is cargo volume and flexibility.

Factor 1: Leasing Costs

There is a massive difference in the baseline costs for new versus converter freighters. The upfront price for a brand new 777-200F or A350F is roughly $170 to $185 million, or a monthly lease rate of between $1.2 and $1.3 million. Looking at the order book of those who made purchases last year, the majority of these airlines have a significant amount of these types of aircraft in their fleet, particularly the combination carriers. In these cases, it is highly likely that the actual purchase cost was much lower than the $170 to $185 million range. Positive economies of scale will also be a factor in keeping costs down for these airlines. Nevertheless, despite these savings they will still be looking at monthly lease rates of $1 million.

By contrast, leasing a 777-300 P-to-F conversion will cost $0.6 million per month, or roughly $65 million to purchase outright. This aircraft is likely to compare well with its production rivals, but at a fraction of the cost.

Factor 2: MRO and operating costs

Airlines will make savings on P-to-Fs when it comes to MRO. With access to the second hand market for parts, maintaining these aircraft will be considerably less expensive than keeping new planes in operation.

Naturally, alongside cost savings, access to second hand parts can also accelerate and simplify the maintenance process for airlines.

Fuel burn is another consideration. Historically, we have seen significant improvements in fuel burn when new aircraft come online. When the 777F was introduced as a replacement to the 747-400F, its 6,800 kg/h fuel burn was a huge improvement on the 10,230 kg/h offered by the 747-400F. However, with the new 777X and A350 we are unlikely to see improvements in fuel burn to match the 30% reduction seen from the 747-400F to the 777F. A 10% to 15% change is the most we can realistically expect.

On balance, while improved fuel burn and (in some cases) economies of scale may be able to soften the financial blow of purchasing a new freighter, in terms of costs P-to-F conversions are a far more attractive option.

Factor 3: Delivery volume and flexibility

New freighter aircraft have the potential to offer benefits in terms of delivery capacity and flexibility. Nose loading in particular offers a huge advantage. It enables aircraft to deliver outsized cargo such as large generators, engines, trucks and specialized technology. Crucially, this outsized cargo is lucrative, offering higher profitability than normal pallet deliveries.

However, new freighters being produced such as the 777X and the A350F do not offer nose loading. This levels the playing field in terms of the advantages a dedicated freighter has over a conversion, as both are now restricted to cargo that can fit through the side doors.

How do conversions fare in terms of volume, packing density and gross payload? Let’s consider the 777-300ERCF compared to the 777F (which currently makes up half of the world’s large freighter fleet) using data from a 2022 comparison by Aircraft Commerce.

While the 777F offers a larger overall payload of 106.6 metric tonnes, in terms of volume the 777-300ERCF comfortably outperforms the 777F. The 777-300ERCF offers almost 6,000 cu ft. more in total volume than the 777F (28,739 cu ft. compared to 22,971). Revenue per payload is also considerably higher. At 6.5lbs, it is 186,804 cu ft. and at 7.5lbs it is 190,900 cu ft, which compares to the 777F’s 149,312 cu ft. and 172,283 cu ft. respectively. One important point to note with this comparison is that it is volume, not gross payload, that matters most in ecommerce express operations, which are likely to be an important growth driver in the future. And in this area, the 777-300ERCF offers a clear advantage.

Avoiding the trap of new freighter purchases

Airbus estimates that an additional 1,040 freighters will need to be added to the global cargo fleet by 2041 – Boeing’s forecasts are even more confident. Buying new cargo freighters to meet this need carries significant risk for airlines. With cargo prices having fallen significantly, the CAPEX investment in a new A350 or 777F represents a massive financial outlay at a time when prices are falling fast. Investing heavily in a new $185-million freighter might have made sense in 2021 when air cargo prices were at record levels. However, in 2023 this is no longer a prudent policy.

Furthermore, there is little to be gained in performance and capacity from purchasing a new freighter. P-to-F conversions are capable of matching new production freighters in terms of volume, and they have notable advantages when it comes to maintenance and production.

Ultimately, conversions represent a much lower financial risk, enabling airlines to sustainably ramp up their air cargo capacity. That is why we are seeing significant growth in P-to-F conversions, while the delivery of new freight aircraft has stagnated. Quite rightly, many airlines are not willing to take on the financial risk of a new aircraft as prices tumble, and see little upside compared to refurbished passenger planes.

About Gediminas Ziemelis

Gediminas Ziemelis (born April 4, 1977) is an accomplished Lithuanian entrepreneur, business consultant, and the founder and current Chairman of the Board of Avia Solutions Group, one of the largest global ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, operating a fleet of 180 aircraft. He was selected twice among the top 40 most talented young industry leaders by Aviation Week & Space Technology.

Gediminas is known for his cosmopolitan mindset and exceptional management skills, which have contributed to his success in various business fields. Over his 26-year-long career, Gediminas has founded more than 100 start-ups, 50% of which are still in operation, led companies through 4 successful IPO/SPO processes, and raised over 800 million euros in global public capital and bond markets.

In December 2022, Gediminas Ziemelis was listed as the richest Lithuanian by TOP Magazine, with estimated assets worth 1.68 billion euros.

Gediminas is the largest donator of Rimantas Kaukenas Support Group, a charity and support fund, that provides help to children with oncological diseases and their families. He is also the biggest shareholder in the leading basketball club Wolves.

Media contact: 
Silvija Jakiene 
Chief Communications Officer 
Avia Solutions Group 
silvija.jakiene@aviasg.com 
+370 671 22697

GlobeNewswire Distribution ID 1000831891

Ato Forson trial: Ministry of Finance letter to BoG not an application for Letters of Credit – Expert witness

In the ongoing trial of Dr Cassiel Ato Forson, the Minority Leader in Parliament, an expert witness has shed light on the nature of a letter signed by Dr Forson requesting letters of credit (LCs) to be established by the Bank of Ghana (BoG) in favour of Big Sea Trading LLC of Dubai.

The witness, Alexander Kofi Mensah Mould, a seasoned Banking and Finance Expert, according to myjoyonline.com testifying in the Accra Economic and Financial Court, stated that the said letter was not an application for an LC.

During cross-examination by the Attorney General, Godfred Dame, Alex Mould explained that while the Ministry of Finance needed to write to the BoG to request LCs to be established, the letter alone did not trigger the creation of an LC.

He clarified that a proper application from the relevant Ministry, Department, or Agency (MDA) was essential to initiate the establishment of an LC.

In a previous hearing, Dr Cassiel Ato Forson had asserted that the letters he signed on behalf of the then Finance Minister, requesting the establishment of letters of credit for Big Sea General Trading LLC of Dubai, were merely the initial step in the process and did not constitute payment.

Drawing from his extensive experience in Trade Finance gained during his tenure at the Union Bank of Switzerland and Standard Chartered Bank in the United States of America, the expert witness elaborated that LCs were not payments in themselves but rather served as a guarantee of payment upon the occurrence of a specific event.

He emphasized that the documents presented by the prosecution did not support the claim that Dr Forson had caused financial loss merely by signing a letter requesting the establishment of an LC in favour of Big Sea.

He further clarified that, according to Ghana’s financial management laws, only the finance minister possessed the authority to authorize such requests for LCs, and it was not uncommon for Deputy Ministers to sign letters on behalf of their Ministers.

Dr Cassiel Ato Forson is facing allegations of causing financial loss to the state for supposedly authorizing the establishment of an LC in favour of Big Sea for the supply of 30 ambulances without proper authorization.

The expert witness’s testimony challenges the notion that the letter signed by Dr Forson alone could lead to such financial loss.

Source: Ghana Web

Arresting a fast failing climate- Why must climate smart agriculture be a concern

Climate change is fast turning farmers and their profession in a serious ditch. The volatile weather patterns, shorter growing seasons, heavy droughts, life-threatening temperatures and amplified exposure to pests and crop diseases pose scary problems to smallholder farmers, especially, those in the tropics.

Climate-smart agricultural practices can assist farmers find their feet to and prepare against the deteriorating climate and its ugly impacts on livelihoods. According to World Food Programme, Africa’s population expected to hit 9.8 billion by 2050. This means, the struggle for land resources for human survival is imminent and climate-smart agriculture is crucial to food security in the world, especially Sub-Saharan Africa.

It is also an established fact that about 80 percent of food consumed in Africa are produced by smallholder farmers who can afford little or no technology. In this case, climate-smart agriculture must be a great concern to African leaders, farmers and organizations.

Climate change literally means the long term shift in temperatures and weather patterns – United Nations. The shift or change in patterns could be as a result of natural or anthropogenic (human) causes. However, since 1800, human activities have been the major driver of various threats on the environment, therefore escalating climate change.

Climate-smart agriculture is similar to sustainable agriculture. It is a way of putting together various sustainable measures to tackle climate challenges of a specific area that affect agriculture or farming. Climate-smart agriculture wind on assessing a particular climate risk and we design appropriate measures to deal with it.

Farming in an area franked with prolonged water scarcities demands a different approach than an area known for frequent flooding. There is a need to use different tools to assess climate risk and its impact on the landscape of the area, the ecosystems and which crop to grow. When we get these amalgamations right, where an area for farming activities nurtures resilience to future impacts of climate, we have achieved a climate-smart agricultural environment.

Climate-smart agricultural measures must address all or any of the following – improve productivity and livelihoods of farmers; make farms more resilient to current and future climate impacts; and to restrain greenhouse gas emissions as a result of the farming activities.

Achieving climate-smart agricultural environment hinders on some key methods and practices. I want to elaborate on some of these methods. Technological advancement, innovations and continuous research contributes to develop new ways and methods in dealing with climate issues related to agriculture, and so, these may not be exhaustive.

Our efforts as industry players and partners to achieve food security without causing any foul impact on the climate must be seen as collective responsibility and one, that must be given the necessary investment and attention it deserves. These must be aimed at proactive critical approaches, some of which are discussed below;

Crop management approach: In this approach, there is the need to do an assessment of the impact of climate and the associated risk in the farming area or community. Once this is done, appropriate strategies for such an area is introduced with consideration of the landscape or vegetation in the area, type of farming in the area and even the size of farms.

For instance, if I want to carry out pruning in a cocoa farm in an area where there is abundance of rainfall, the climate risk here is the extreme rainfall and so pruning must be carried out on regular basis. In cases of scarce rainfall, pruning must be controlled and done periodically so that branches and roots of the cocoa trees are not exposed to the the dry weather as this may cause the trees to die.

Pest and Disease Management Approach: The fast rising global atmospheric temperatures and elevated carbon dioxide gases, otherwise known as global warming has the potency to impact on various forms of pests and diseases that affects farm yields and productivity in diverse ways. Carbon dioxide may increase crop yield for some period due to carbon fertilization in the atmosphere but they reduce with time. Rising temperatures have helped the royal fungus, for example, to proliferate and wipe out coffee farms all over Central America (Rainforest Alliance, 2023).

In instances where natural control of pest and disease becomes troubling, farmers may be tempted and desperate to fall on chemical control of pests and diseases, however, excessive application will lead to high cost, high risk of food contamination, contamination of water bodies, harming beneficial insects and plants – the overall impact creates a scary environmental threat. In managing pests and diseases in a climate-smart context, farmers needs to be trained on the right time of pest control, right amount of chemicals to be applied when necessary, and the application processes. Pest and disease resistant seeds and cultivars are also very important in a climate-smart agricultural system.

Trashes from weeds must intentionally and meticulously be made to spread on the surface of soil to serve as a cover. Where necessary, trashes may be kept at the bases of crops. This serves many important purposes; conserving moisture, preventing direct sun rays on soil surface and subsequently decompose to serve as organic manure to the soil, improving soil nutrient and structure.

Soil management:This is very crucial in climate-smart agriculture. In fact, soil is a major need in achieving food security. Efforts to improve and protect the soil in this regard is non-negotiable. On a sloppy land, planting soil covers, planting across the slope helps to reduce the effect and impacts of soil erosion. In areas of severe drought, cover crops improves soil moisture and nutrient distribution. Contour planting on hills, terracing are effective means of controlling soil erosion on slopes. Other agronomic techniques such as mulching, application of composts and all practices that enhances soil structure and condition are also necessary to ensuring proper soil management methods.

Soil water conservation approach: A whooping 70 percent of the global freshwater is used for agriculture. This means, a drop of water wasted is a dent on the global food security ambition. Rainfall can be harvested and stored in ponds, containers and underground storages media. Planting of specialized shade trees and grasses like bamboo along the banks of water bodies such as streams, ponds and river bodies helps to retain water for agricultural use, improves aquatic lives and promotes biodiversity.

Preparing and putting soil in a condition to absorb enough runoff is another great means of soil water conservation. In this regard, organic manure and composting helps to improve soil structure, thereby improving soil pores and associated infiltration. On the other hand, climate change can lead to excess water in the soil – frequent rainfall, and frequent flooding are typical causes. The development of trenches, ridges and sometimes, mini gutters helps to drain out soil moisture to put soil in a better condition for farming. This protects crops from diseases and pest associated to excessive soil moisture.

Shade trees cultivation:trees plays important roles in our sustainability efforts in the environment. Trees helps in atmospheric carbon sequestration, they protect our land from losing too much moisture, serve as habitat for beneficial insects and other animals, and also for human benefits. Applying the right number of trees and appropriate species helps control climatic defects in an area and even beyond.

These trees also serve as wind breaks that protects our main crops. However, too much canopies leads to extreme shades which also provide an avenue for pest and disease growth. For example, too much shade in a cocoa farm creates a humid environment in the farm that may lead to conditions favorable for the growth of certain fungi, typically causing the black pod disease. There seems to be a complex situation in this regard, so farmers needs to be trained on the appropriate methods to ensuring shade tree cultivation in our farms so as to avoid the possibility of damaging the potency of the farms.

Climate-smart agriculture is the way to go in an ever rising atmospheric temperature. We need to consciously device and adapt measures to cure climate change at the least opportunity we get. Climate change is real and very denting on our survival on earth.

Source: Ghana Web

AritaGlobe foundation urges presidential aspirants to include tackling climate change in campaigns

As world leaders continue to seek solution to the scale and impact of a change in the global climate pattern, the AritaGlobe Foundation, a non-governmental Organization that seeks to empower deprived communities in Africa to achieve their full potentials is urging presidential aspirants in Ghana and Africa to

prioritize the topic in their campaigns.

This is against the backdrop that Africa has the lowest per capita greenhouse gas emissions in the world, yet one of the hardest hit in terms of the impact of climate change. In Africa, the impact of a change in the climate is telling on almost every sector of the economy. From a decrease in agricultural outcomes as a result of delayed rains, to floods in the cities following long hours of persistent rains, the continent is faced with a continuous threat to lives and properties.

As the 2024 general elections in Ghana draw closer, the AritaGlobe Foundation is seeking to change the status quo by challenging Presidential aspirants to give prominence to the topic during campaigns. The foundation wants them to put before the people, their planned policies on tackling the impacts of climate change.

“Going forward, we believe this should be one of the basis upon which elections are decided by the electorates, Charles Akrofi, Communication Director of the foundation asserted.

According to him “The political season presents us the opportunity to know the minds of the people seeking our mandate to govern us. It’s no gainsaying the fact that our existence as a people is being threatened by these climatic changes. But regrettably, most governments in Africa have failed to prioritize the issue as the continent continues to remain one of the hardest hit in terms of the impacts of climate change. It is about time we demanded to know from the people who are seeking to govern us, what their policies on tackling climate change are.

To achieve these objectives, the foundation has set itself to embark on series of campaigns aimed at conscientising the people on the effects of climate change, the need to adopt some positive life approaches and to demand accountability from government.

“These campaigns are not geared towards antagonizing any elected government, but just so there is a policy to tackling the phenomenon which we as a foundation are ever ready to help the government of the day fine-tune to serve its purpose, Charles Akrofi noted.

Source: Ghana Web

AMERI deal: Why is the government silent on Boakye Agyarko’s ‘revelation’? – Dr Abbey asks

Renowned Broadcaster and host of the Good Morning Ghana programme on Metro TV, Dr Randy Abbey, has asked why the government has been silent on allegations made by the former Minister of Energy, Boakye Agyarko, on the Ameri deal.

Speaking on his programme on Wednesday, July 26, 2023, Dr Abbey wondered why the government has not responded to the serious allegations by a former cabinet minister, who is also a New Patriotic Party (NPP) presidential hopeful, which implicate the President, Nana Addo Dankwa Akufo-Addo.

“Mr Boakye Agyarko brings back the Ameri issues by making some serious revelations or allegations against the president, against Gabby Asare Otchere-Darko and the other persons. I’m yet to see or read a response from the government. This is about the second week and we are yet to see a response.

“This was a cabinet minister, in fact, he was the campaign manager for then candidate (Akufo-Addo), he is a senior member of the party (NPP) and in fact, he has been vetted and approved to run as a presidential candidate.

“He is saying these things and he is pointing to the president; he is pointing to others; he is mentioning names. We know the controversy around this whole Ameri deal, the issue of executive approval … corruption, insider dealings and others. Now this person makes all these allegations and it is like nobody wants to speak to it,” he said.

He added that the government’s silence on the former energy minister’s allegation is similar to the illegal mining report by the former Minister for Environment, Science, Technology and Innovation which was ignored by President Akufo-Addo for years.

“… What are we expected to take from that. Are we expected to accept that what he said is the truth and we should live with it? Or if he is peddling untruth shouldn’t something be done?” he asked.

What Boakye Agyarko said?

New Patriotic Party Flagbearer hopeful, Boakye Agyarko, reportedly narrated some alleged incidents that transpired during the re-negotiation of the 250 Megawatts Ameri Power Plant when he was the Minister for Energy.

According to a news report by energynewsafrica.com, Boakye Agyarko in an interview on Kumasi-based Asanteman FM, alleged that New Patriotic Party (NPP) stalwart, Gabby Asare Otchere-Darko, re-negotiated the Ameri deal without the consent of the committee set up by the government to work on the deal.

He added that when he confronted Gabby on the matter, he told him to be quiet because President Nana Addo Dankwa Akufo-Addo was already in the know of the steps he (Gabby) had taken.

He narrated that he was on a flight to the United States of America when Gabby called him, lamenting about not being able to reach him.

“I told him I was onboard a flight travelling. Then he (Gabby) told me that he was sending me a document via email so I should check.

“When I arrived safely and went to my hotel room, I opened my email address and saw the document. To my surprise, Gabby had, on the blind side of the Committee set up and approved by the President to renegotiate with Ameri Energy Group, contracted a law firm to engage Ameri Energy Group and completed their negotiation and recommended a certain company to operate the Ameri Power Plant and extended the contract to 20 years.

“I sent Gabby a mail and asked him what authority he had to do that. And I told him Cabinet has given specific instructions to follow and his response was what makes me think that my Boss (President Akufo-Addo) doesn’t know about what he has done…so I kept quiet,” he is quoted to have said by energynewsafrica.com.

The former energy minister said that when he spoke to President Akufo-Addo on the matter, the president asked him whether there was something wrong with what Gabby did.

Boakye Agyarko said that he told the president that, “the authority to renegotiate the terms of the Ameri Power Plant doesn’t lie in the hands of Gabby and that the proposal the firm he contracted made had violated all the Cabinet instructions and extended the contract to 20 years.”

Agyarko added that Akufo-Addo agreed with his reasoning but went ahead and asked him to forward the deal Gabby had negotiated to the committee that was set up to renegotiate the deal.

Source: Ghana Web

Alleged collision between GPHA boat and fishing boat resulting in 2 fatalities

The Ghana Ports and Harbours Authority (GPHA) has taken note of media reports allegedly having to do with an encounter between a GPHA Boat and a fishing boat in the early hours of Thursday, July 27, 2023, resulting in the unfortunate death of two fishermen, and wish to clarify that:

1. There was never a collision between the Security Patrol Boat and any fishing boat whatsoever.

2. That the Port Control Station on Wednesday, July 26, 2023, at about 0030HRS received a distress call from MV. SEASPAN DUBAI, for assistance to ward off several fishing boats which had surrounded their vessel. The security patrol team which comprises the Ghana Navy, Marine Police, and GPHA Security timeously responded, cautioned, and asked the said fishing boats to leave.

3. That at 0118HRS MT. MARINA ‘M’ which was also at the anchorage, also called the Port Control Station for assistance to ward off a suspicious-looking fishing boat with about nine occupants. The team again responded by cautioning and directing the boat and its occupants to row out.

4. On their way back, the Patrol Team chanced upon another set of fishermen who had cast their nets and were fishing within the Terminal 3 basin, close to a container vessel. The nets were seized, and the men were cautioned and led out of the basin.

5. All patrol activities were halted at 0455HRS on Thursday, July 27, without any incident of collision whatsoever.

6. A call from the Fishing Harbour Police Unit, announced the discovery of 2 dead bodies, which the fishermen had refused the police team to convey, with the assertion that, the 2 died as a result of a collision with a GPHA tugboat, an outright untruth.

7. That even though the fishermen are aware of the dangers of fishing within the port basin and anchorage, some continue to carry out these illegal activities at the peril of their own lives and that of vessels and cargo.

8. That despite these infractions, on occasions where we arrest fishermen and seize their nets, the Chief Fisherman and Elders are notified, and often the culprits are pardoned, and nets released without any fines.

9. We wish to emphasize that GPHA is a responsible organization involved in search and rescue missions and as such will not abandon victims of a collision even if it involved our own craft.

10. That the Port Authority regrets the unfortunate passing of the 2, and extends its sincere condolences to their families and colleagues.

Source: Ghana Web

Akufo-Addo to nominate three new Justices to Supreme Court – NDC MP alleges

President Nana Addo Dankwa Akufo-Addo has nominated three new Justices to the Supreme Court, an opposition lawmaker has alleged.

According to South Dayi Member of Parliament, Rockson-Nelson Dafeamekpor, he had picked the information from persons he referred to as “impeccable sources at the Presidency.”

He listed the three persons as Henry Kwofie, Adjei Frimpong and Awuah Darko.

The MP’s post read: “My impeccable sources at the Presidency has it that, the President has nominated the following for the Supreme Court: 1. Henry Kwofie 2. Adjei Frimpong 3. Awuah Darko”

GhanaWeb checks show that Henry Kwofie and Adjei Frimpong are currently serving as Justices of the Court of Appeal, the status of Awuah Darko is not yet known to us.

President Akufo-Addo has severally been accused of packing the top court. He is on record to have made one of the highest appointments to the apex court as president.

The president usually submits names of such nominees to Parliament, where the Appointments Committee vets them before approval or otherwise.

The approval of the last three appointees to the position was rancorous as the minority threatened to scuttle the move. The three eventually passed including one who was deemed to be politically exposed.

Read Dafeamekpor’s post below:

My impeccable sources at the Presidency has it that, the President has nominated the following for the Supreme Court:

1. Henry Kwofie

2. Adjei Frimpong

3. Awuah Darko

— Rockson-Nelson Dafeamekpor, Esq. MP. (@etsedafeamekpor) July 26, 2023

Source: Ghana Web