The founder and President of Ashesi University, Patrick Awuah has revealed that he considered closing down the university due to some financial crisis he encountered a few years after he started the school.
According to him, among the many challenges he had to face, raising money to sustain the school became a problem and made him think of enrolling his students into other universities in the country.
Awuah also stated that people did not give him a chance when he decided to set up the university because they thought he was young and was not capable of running a private university in Ghana.
“People didn’t take me seriously when I came back and wanted to start Ashesi University,” Awuah told Bola Ray on Starr Chat on Starr 103.5FM.
Awuah added: “I did have a lot of naysayers in Ghana but I didn’t have a lot of naysayers in America… when I decided to quit Microsoft people said ‘hey’ this is a great idea, this is what life is all about you have to chase your dreams and when you are ready call us and we will see what we can do”.
“Another [challenge] was raising the money for it…we never had money for it and it was a challenge getting students into the school”.
Awuah, who grew up in Accra, left Ghana in 1985 to pursue his own education in the United States of America.
He was later recruited by Microsoft after college where he was offered a job. He spearheaded software design for dial-up internet access, making millions in the process.
He admits that quitting Microsoft was not an easy decision and credits his American wife for supporting him.
InstinctWave, organizers of Ghana Telecom Awards and West African Telecom Summit & Expo today, announced the launch of the first, ever, CFO Awards in Ghana.
The Ghana CFO Awards will showcase and acknowledge not only Chief Financial Officers and their teams, but also the firms that provide them with the services, support, and technologies that enabled their individual success.
Winners will be honoured at an awards ceremony which will climax with an executive dinner, with industry experts on the 16th of October, 2015 at the prestigious Movenpick Hotel in Accra after a robust evaluation process.
In a statement released, the Chief Executive Officer, Akin Naphtal said CFOs play a key role in driving innovation, business model optimization, strategic leadership, and proactive stakeholder engagement, yet they are the least of personalities mentioned or noticed in the lime-light unlike Chief Executive Officers and Marketing Managers.
According to Naphtal, there is every need to celebrate these accomplishments by financial executives and organizations for their financial leadership and contributions to their companies’ growth which has not been done over the years.
He further noted that the Ghana CFO Awards is the first of its kind in Ghana’s accounting and finance sector which recognizes professionals and businesses.
The Ghana CFO Awards will not be another networking opportunity but rather a celebration of the role that finance plays in Ghana’s economy and acknowledging those who have excelled in the field.
GHANA CFO 2015 NOMINEES
CFO OF THE YEAR: BANKING CFO OF THE YEAR: INSURANCE CFO OF THE YEAR: FMCG CFO OF THE YEAR: OIL & GAS CFO OF THE YEAR: IT & TELECOM CFO OF THE YEAR: CONSTRUCTION/REAL ESTATE CFO OF THE YEAR INVESTMENT BANKING WOMAN EXCELLENCE IN FINANCIAL SERVICES AUDIT FIRM OF THE YEAR INVESTMENT BANK OF THE YEAR BEST FIRM IN FINANCIAL ADVISORY BUSINESS BANK OF THE YEAR PUBLIC SECTOR CFO OF THE YEAR AWARD BEST BANK PROVIDER OF CASH MANAGEMENT SERVICES FINANCE TEAM OF THE YEAR Call (For Entry) INSURANCE COMPANY OF THE YEAR FINANCIAL LAW FIRM OF THE YEAR AWARD FINANCIAL TRAINING COMPANY OF THE YEAR SPECIAL RECOGNITION FOR PROMOTING INVESTMENT TO GHANA INDUSTRY PERSONALITY OF THE YEAR LIFETIME ACHIEVEMENT AWARD
Genisys Solutions, a leading IT software company in Ghana and a member of the Pelican Group has signed a memorandum of understanding with the Ghana Independent Broadcasters Association. The essence of this MOU is to enhance the understanding and cooperation between both parties in their area of business.
Under the MOU, registered members of GIBA will enjoy special discounts on the Genisys acclaimed Airwatch software; while Genisys Solutions Ltd also looks at expanding their client base across the country. The Airwatch software is an airtime inventory system for radio and television stations which increases efficiency and the quality of transmission.
Addressing the media, Mr. Peter Akakpo, General Manager of Genisys Solutions mentioned that; "This is the first of many of such MOUs to be signed with similar Associations across West Africa. Our goal is to enhance transmission across the media landscape in Ghana and the rest of West Africa. By the time we are mid-way through with this; advertisers, agencies and institutions should have developed trust that their scheduled spots on media stations will surely be played. This leads to a high probability of enhancing efficiency for both the media stations and the spot buyers."
It is anticipated that over 80 media stations from the Central and Western Regions would benefit from the software in the initial stages of this agreement.
Genisys Solutions was established in 1998. The company's core business has been dedicated exclusively to mastering the evolving technologies that are redefining and engaging the world of business and social life. Aside the Airwatch Software, Genisys Solutions can boast of the BizMaster-an inventory software which is being used by most retail and wholesale companies in the country.
In the coming days, the company will be launching its first Business Intelligence Solutions; this would have a mobile platform attached to it for easy accessibility.
OONI of Ife Oba Okunade Sijuwade's burial has been put on hold after a man elected to be buried alive with the monarch absconded unwilling to be the one to keep the king company in the afterlife.
Unconfirmed reports from Ile-Ife indicate that the designated person to be buried alive alongside the monarch, known traditionally as the Abobaku, took to his heels for dear life. In Ile-Ife culture, the Abobaku is a person selected by the traditional chiefs to live and die with the king and is treated well and showered with a lot of care and gifts while alive.
Apparently, the incumbent Abobaku ran away following the confirmation of the death of the Ooni earlier this month. Despite denials of the death by the Traditional Royal Council of Ife, he refused to wait for confirmation and has been at large ever since.
According to Yoruba tradition, a king does not die alone and his burial rites include being buried with other people. An Abobaku lives his life for the king and is buried alongside the monarch.
In the authentic tradition, just as there is a lineage that becomes king, there is also always a family dedicated to the ancient belief of dying with the king. It is not yet clear if the Traditional Royal Council will go ahead with the funeral following the disappearance of the Abobaku.
Earlier this month, the traditional authorities in Ile-Ife said that there will be no human sacrifice involved in the burial of Oba Sijuwade. Apparently, Oba Sijuwade abolished human sacrifices when he was still on the throne and was said to have appealed to the gods to help put a stop to human sacrifice, describing the act as barbaric, callous and inhuman.
Prominent Ifa priest, Chief Ifayemi Elebuibon, confirmed the abolition of the practice, adding that what will happen instead is that the cows will be dressed up to make them look like humans. Oba Sijuwade, 85, was the 50th monarch of Ile-Ife believed to be cradle of Yoruba civilisation and the ancestral home of all Oduduwa's offspring.
We came across breathtaking pictures of Aliko Dangote’s home in Abuja, which he is putting up for sale. Dangote who has lived there for twelve years revealed he is selling the property because he has just completed a new piece of real estate in the United Kingdom, where he is switching to after putting ink to paper on a deal to purchase the london based Arsenal Football Club.
The number of millionaires is rising fastest in Ghana's capital, Accra, this is according to a report.
The report indicates that although the country has 2,300 millionaires, it does not make the top five in the survey conducted in Africa.
South Africa according to the report, has the highest number of dollar millionaires on the continent.
According to a report by AfrAsia Bank and New World Wealth, Johannesburg alone, known as the "city of gold", is home to 23,400 millionaires. South Africa has 30% of the total.
Egypt's Cairo comes second with 10,200, with Nigeria's Lagos third with 9,100.
The study defines millionaires as people with net assets worth at least $1m (£650,000).
It estimates there are close to 163,000 millionaires living in Africa, with a combined wealth of $670bn (£440bn).
After Lagos, comes Cape Town with 8,900 and Nairobi with 6,200.
Analysis: Milton Nkosi, BBC News, Johannesburg
It may come as a surprise to many that Johannesburg has more than twice the number of dollar millionaires as Lagos, the economic hub of Nigeria, Africa's most populous nation and its number one economy.
However, Nigeria became Africa's largest economy only recently, whereas South Africa has been at the helm for as long as I can remember and remains the most industrialised economy in Africa.
Being a citizen of the "city of gold", as Johannesburg is known in local languages, I can see the money every day.
South Africa's current economic problems has not prevented the emergence of new black industrialists.
Economist Owen Nkomo and founder of Inkunzi Investments, told me that old money from the Johannesburg Stock Exchange companies, which is largely still in white hands 21 years after the end of apartheid, has been wisely re-invested.
But he also points to the government's Black Economic Empowerment scheme, aimed at redressing the imbalances of white minority rule, as a key driver of the growing number of black millionaires.
I have seen for myself in places like Soweto when the new black bourgeoisie flaunt their wealth on Vilakazi Street, where Nelson Mandela once lived, over the weekend. But I have also seen the vast properties in Cape Town owned by white families.
All of this must not delude us, so we forget the plight of the poor majority.
South Africa with all its wealth still faces huge problems of unemployment, inequality and poverty. And that should give all of us sleepless nights as we celebrate Africa's wealth growth.
- See more at: http://www.myjoyonline.com/world/2015/September-3rd/south-africas-johannesburg-tops-africa-millionaires-list.php#sthash.StzlTAQ8.dpuf
Ex-Marseille president Pape Diouf claims Manchester United could break the €100m barrier to sign Swansea red-hot midfielder Andre Ayew next season.
The 25-year-old has enjoyed a blistering start to life at the high-flying club, sticking out of the block in the early stages in his debut season.
The Ghana international has impressed heavily with an impressive scoring rate of three goals in four matches for the Swans, prompting talks stellar clubs will be chasing for his signature next season.
Ayew was voted man-of-the-match for Swansea as he single-handedly delivered the killer blow to United in their 2-1 triumph at the Liberty stadium last Sunday.
And former Marseille chief Pape Diouf expects Swansea to make a €100 million profit on the Ghanaian super star.
“Last Sunday, little Andre Ayew beat Manchester United practically all by himself,” Diouf is quoted by RMC. “And I see that this same Manchester club have bought a young 19-year-old from Monaco [Anthony Martial] for almost €80m.
“Maybe next year, if he continues to play like he is playing, Ayew will be bought for €100m by Manchester United.
“Ayew left Marseille for zero euro. I looked after him, I was his tutor, he was part of the family and he leaves us like that for zero euro, when Martial is worth €80m.
“That’s the demonstration of what’s happening these days at Marseille.”
United completed a shocking £36m signing of French teenager Anthony Martial on the final day of the transfer window and the former Marseille boss believes Andre will cost United a much higher fee.
A World War II veteran, Prince Philip, Duke of Edinburgh has been a key figure in British government and is well-known for his sometimes offensive commentary. He is the spouse of Queen Elizabeth II. Over 90 years of age, Prince Philip is the oldest spouse ever of a reigning English monarch.
His awkward commentary aside, Prince Philip is a constant companion and counselor to his wife. After rebuking his titles as prince of Greece and Denmark, Philip married Elizabeth at Westminster Abbey on November 20, 1947.
Many questioned the Queen’s choice of companion. His father was sentenced to death for abandoning his post and later exiled. His mother was committed to an insane asylum for schizophrenia when Philip was eight. His own sisters were banned from the wedding because they had married German men with apparent Nazi affiliations. These combined factors made the people of England uneasy about Philip and made politicians wary of public backlash.
Despite the initial misgivings about their union, the two have enjoyed the longest royal marriage in the history of the Commonwealth. The Queen avowed her love and gratitude for Philip in 1997 in her golden wedding speech, saying “He is someone who doesn't take easily to compliments. He has, quite simply, been my strength and stay all these years, and I, and his whole family, and this and many other countries, owe him a debt greater than he would ever claim or we shall ever know.”
While not an easy role, Prince Philip sometimes pulled the light away from his royal spouse. At first, Philip was not even permitted to give his children his surname, but Queen Elizabeth later made a concession for his difficult position and decreed that their heirs would inherit Philip’s surname, Mountbatten-Windsor.
Queen Elizabeth and Prince Philip have four children: Prince Charles, Princess Anne, Prince Andrew and Prince Edward. Philip was well-known as a caring father and protector.
Prince Philip and his reputation of being politically incorrect
It is well documented that Prince Philip is a straight-forward man. Philip often receives criticism for his blunt remarks.
He once asked a driving instructor in Scotland, “How do you keep the natives off the booze long enough to get them through the test?”
In 1986 during a State visit to China, he warned British students studying abroad: “If you stay here much longer, you'll all be slitty-eyed.”
In 2002 when a young man named Stephen Menary was invited to meet the Queen and Prince after being nearly blinded by an IRA bomb, the Queen asked Menary how much sight he still had. Philip interjected with “Not a lot, judging by the tie he's wearing.”
“I know he has a reputation for making seemingly offensive remarks, but I don't think there's any malice in what he says. He meets people that are often very nervous about meeting him and other members of the Royal Family and I think he just tries to put people at ease by trying to make a joke. I certainly didn't take any offense,” said Stephen Menary years later in response to Philip’s comment regarding his tie.
There have been different interpretations of Prince Philip’s colorful remarks, ranging from rudeness and superiority to a frank sense of humor. Like Menary, many British citizens choose to make light of Philip’s comments. Nonetheless, in the international community, comments like these have earned Philip the reputation of being sometimes rude, sometimes brutally honest, but always outspoken.
The rest of the Prince Philip story
Philip was born on the Greek island of Corfu on June 10, 1921. He was the fifth child with four elder sisters. Philip was educated in Paris, the UK, and Germany and excelled at his studies.
Prince Philip served in the British Royal Navy before becoming engaged to Elizabeth. He served with the Mediterranean and Pacific fleets and was awarded the Greek War Cross of Valour.
He entered the naval service after the death of his uncle and guardian, George Mountbatten, 2nd Marquess of Milford Haven. It was from this uncle that Philip adopted the surname of Mountbatten. Prince Philip had a difficult childhood and this is often attributed as the cause of his straight-forward manner.
He left active service after achieving the rank of Commander in 1952 to attend to his duties as consort to the Queen.
A few of Philip's other accomplishments:
He helped create the Duke of Edinburgh’s Award in 1956.
He was appointed to the Queen's Privy Council for Canada in1957.
He served as the UK President of the World Wildlife Fund from 1961–1982, and International President of the organization from 1981–1996.
In addition, Philip served as President of the International Equestrian Foundation from 1964 to 1986. He was also Chancellor of several Universities: Cambridge, Edinburgh, Salford and Wales. In total, he has been a patron of some 800 organizations that provide benefits mostly for education, sport and industry.
Prince Philip’s later years have been spent removed from the spotlight. He officially announced he was slowing down on his 90th birthday, telling the world, he had “done [his] bit.”
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Most of the Boko Haram terrorists captured by Nigerian Military can not read the Holy Qur'an, some of them can not even recite Suratuh Al-Fathiha, yet they claimed they want to establish an 'Islamic State'. When the Nigerian Military captured their bases and training camps, they never found Qur'an, Hadith or other Islamic literature. What they found were ammunitions, charms, condoms and all sort of drugs including sex enhancing drugs. From Military sources Sambisa Forest, Borno, North Eastern Nigeri
Deputy Ghana captain Andre Ayew served another harsh reminder to English Premier League big-guns of swashbuckling style and substance by scoring and assisting the match winner against Manchester United in the English Premier League on Sunday afternoon.
The impregnable 25-year-old stumped his authority over Luis van Gaal’s Manchester United side who trooped to the Liberty Stadium seeking revenge against his side and he waited until Juan Mata had drawn first blood before he started his machinations and truculence against the Red Devils as Swansea claimed a 2-1 victory.
The former Olympique Marseille man has now scored three (3) Premier League goals in four (4) games for Swansea City.
Andre’s finish was from one of his most well-acclaimed patents – a brilliant header. With Swansea’s pressure piling on United, Sigurdsson Gylfi weighted in an incisive cross from the right and Andre outjumped his marker to apply a powerful header from the center of the box to the bottom left corner.
With Swansea having their enviable record against United to protect Andre Ayew demonstrated great resilience and unrelenting abilities to set up Gomis Bafetimbi to put Garry Monk’s side ahead of the game.
Andre’s impressive record in the Premier League keeps soaring around him after scoring against both of the top-four clubs he has faced since the start of the season.
The son of the African football legend scored against champions Chelsea to inspire a 2-2 draw at the Stamford Bridge in the opening game for the season.