“Career Guidance”, The Powerful Tool Lacking in Ghana.

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Ghana is getting obsessed with the improved matric results while no attention is given to career guidance. Lack of career guidance in our schools is one of the major problems leading to high unemployment rates in the country and the continent as a whole. About 99.9% of West African Secondary School Certificate Examination(WASSCE) candidates have no idea what profession they will like go into and the appropriate program to study to attain that. Those days in my village school, we the “smart” ones will be like, I want to become a Bank manager, so I need to go study Business; it is true studying business in Senior High School can let you be a banker, but studying Pure Science  can equally get you there too.

Despite losing days of learning due to strikes by teachers over issues of remuneration, one can safely say the 60+ percent pass rate every year reflects the level of commitment on the part of the matriculants, teachers and the Department of Basic Education of the Ghana Education Service.

However, a large number of learners will not be able to pursue their studies at institutions of higher learning due to lack of career guidance at schools. Proper career guidance would have assisted many of these students with early applications at universities and or further education and training colleges, selection of career paths at an early stage, and with more career options other than enrolling at these institutions. I strongly believe that proper career guidance would have at least made this situation manageable for learners and the institutions of higher learning.

Our education system should prepare the learners at least from Grade 7(JHS One) onwards when it comes to choosing career paths. In order to achieve this, the schools should dedicate the beginning of every year to career guidance or include it in the curriculum or better still enact  career guidance as a course to be studies for at least a year. This will allow learners to select subjects that are in line with their future plans. Moreover, career guidance could go a long way in giving the learners the confidence to decide where they want to be in future.  A week of Freshers Orientation is not enough.

In my encounters, I came across a number of matriculants who did not have a clue about their career ambitions. This does not paint a good picture for the entire country because it means that teachers do not prepare the learners for post-matric studies or they lack the capacity to offer career guidance to learners.

I recall one learner declaring that she does not intend furthering her education because she comes from an impoverished family. How many of these learners know the existence of the Students Loan Trust Fund (SLTF)? Is the Department of Tertiary Education and Training of the Ministry of Education doing enough to encourage matriculants to study at institutions of higher learning? Or the stake holders involved in management of the scheme is ashamed of how poor and corrupted they are in running it?The reality is, poverty should never stand in the way of matriculants while funding schemes like SLTF exist.

The SLTF should also benefit those matriculants who are currently sitting at home with nothing to do. While we encourage matriculants to study subjects such as Mathematics and Science, we should always remember that some of these matriculants have good marks in these subjects. In situations like this, the Department of Tertiary Education and Training of the Ministry of Education should take a stand and inform high school learners about the availability of bursaries and loans from government, the private sector and foreign funding agencies. Lack of information or access to information in rural areas has also been a contributing factor. How many of the rural areas in have libraries?

More so, institutions like the Technical, Vocational, Nursing and Teacher Training, Professional(ICAG,CIMG,GIB etc)  colleges should also encourage learners to enroll with them in order to reduce the influx of learners to the universities. Learners need to be made aware that these colleges also offer programmes that could drive the growth of our economy. These programmes, which most of them are referred to as ‘scarce skills’, have the potential to equip them with the necessary skills to drive the economic growth of this country in future. This will help turn Ghana into a country which will no longer import skilled professionals.

Life Orientation teachers should take up the duty of career guidance. In addition, the government should deploy career counsellors to schools to offer career guidance to learners on a full-time basis. If government cannot afford employing career counsellors, it is best to have at least one career centre that will cater for schools in a specific region. In order to realise this, government should collaborate with communities, the private sector, civil society organisations and other stakeholders.

Standing together as a nation in navigating the right education for the careers of our learners could help build a country free from social ills such as poverty, unemployment and crime. Together we can make Ghana and the African continent is better place to live.

Martin

You can take a career test on http://www.yourcareertest.com.

 

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7 Profitable Business Ideals In Ghana

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Considering the truth state of the nation now, putting all hopes on the government for survival is not advisable. It is about time we go into setting our own business to make ends meet. The rate of unemployment in Ghana as at 2016 is 48% as projected by the World Bank, but in actual sense, it is far more than that. Despite the jobs that we hear is been created everyday, the number of job seekers still outnumber the jobs available.

By now the thought in your mind is the Startup capital. Yes, it is true, but starting a business on your own as a youth does not need as much as you think. It’s even less the the phone you have in your palm right now. You do not need a bank to borrow you to start your business, even that, you will not be able to meet the requirements for such credit from the bank, so let’s count that out.

Below is the list of business you can start with a minimum capital;

  1. SMALL SCALE IMPORTATIONonline

Small scale importation is one of the most easiest business to start as a young person. With the improvement in technology in this century one can just buy goods online and it will be delivered directed to your home. No hustle. The only problem is the identification of the right item to import. December last year I imported 5 pairs of shoes at a total cost of GHC1,012.5 including the cost of shipment and delivery. I made a profit of Ghc737.50 after selling all the 5 pairs. Maybe you do not have such amount to begin with, you can buy how much you can and then plough back the money and trust me, after some time, you will be a self boss! And more so, you should know the items that sell quickly like shoes, bags, makeups, cloths, electronics, watches, etc. And also, compare the prices of the items on various websites and choose the best price so that you would not find it difficult selling the stuffs, there is no money in the system these day. Adding to that, you will not need an office to display your goods, social media will do all for you. You get not less that 1k likes on your pictures or even your “cough” on the various social media platforms, my slay Queens and Kings, turn the likes into cash now!

    2. BEAD MAKING

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This is the most lucrative business on the African continent currently. Both males and females are end users of beads, with these emerging beautiful and rich designs, one can make bracelets, bags, waist beads, etc for some cool money at the comfort of his or her home. It requires less than a Ghc100.00 to start and also it takes less than a week to learn it and you can start by selling them to your family and friends.

3. LIVESTOCK FARMING

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Livestock farming is a booming business in Ghana and the trend is not dying anytime soon. With 25+ million mouths to feed daily, there will always be demand for livestock products. However, lack of technical know-how and the use of old fashioned equipment are the major factors hampering the growth of this industry. If you can come in with adequate knowledge and the patience to nurture this business, you will reap immensely. Now you can choose to either venture into livestock breeding of animals or better still, you can stick to livestock feed production or equipment retailing.
◦Poultry farming – Egg production, meat production, hatchery or day-old-chicks production, etc.
◦Cattle Farming – Diary (milk) production, beef, etc.

Assuming you have a Ghc500.00, you can buy about 100 pieces of broilers and after six weeks you can sell 1 at a cost of Ghc30. At the end, you are making about Ghc3000 gross profit which can be neted at a profit of Ghc1500.00, all things been equal.

    4. CATERING SERVICES

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Catering services and food vendors in Accra and other major cities in Ghana have three elements in the price of the food they sell. 33 percent of the price is direct cost of preparing the food (ingredients mostly). Another 33 percent for overheads and the remaining 33 percent for profit. Catering services have very short trade cycles. Most of them sell virtually everything in a day, making about 33 percent margin in the process. A minimum of 15% margin is expected on sales. How much you earn is directly based on how often you sell and the volumes. Everyone at home enjoys everything that you cook, just turn it into cash. With these projections above, you can strategically boost your sales by doing an office-office delivery and also look out for orders for events like wedding, conferences, birthdays, etc. I guess Ghc100 can start that yeah?

    5.BLOGGING

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This is first on my list of the profitable business ideas I want to talk about. Blogging is not for everyone. But if it may be for you, just like any other internet business, I urge you to go into it. Comparing the Ghanaian cedi to the dollar which is increasing on a daily basis you can make a lot of profit from Google AdSense. If the dollar is now 4.6 cedis as at the time of writing this article, any amount you make in dollars is four times your currency.Adding to that, blog like ameyawdebrah.com and ghanacelebrity.com do not charge less than Ghc2000.00 per month for adverts.You determine how much you make by how smart and hard you work. This is seriously a very rewarding business. Once you have your computer and a reliable internet connection, Ghc500.00 will be enough for the set up and hosting for a year.

6. HAIRSTYLIST/GROOMING

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You can turn your passion for grooming into a very profitable business. Hair-styling is a popular business that can be quite lucrative. Corporate professionals, ladies, and gentlemen are always shining-up themselves always. You may want to run a home based hairstylist business or you may want to serve your clients in their own homes. You’ll need cosmetology training and in certain cases, a license. Also, you need loads of experience under your belt working in a hair-styling salon. Your family and friends can provide initial clientele and will give you valuable word-of-mouth reference.

7. WEBSITE DEVELOPER

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You may design and/or be a website admin for an organisation or a small business. Although experience and training are required, you can learn the language of website creation and its systems, security concerns, etc, by way of courses offered online. You will, of course, need to have a flair for art and design. You’ll need to research each company you design for: what is the atmosphere of the company that you need to reflect in the website design. You could also add graphic designing to these and it really fetches lots of cash.

 

 

Know Your Tea

 teass

If you are cold, tea will warm you, if you are too heated, it will cool you, if you are depressed, it will cheer you, if you are excited it will calm you”- William Ewart Gladstone.

The word “tea” originated from the Chinese word “kia” and in the course of the 6th century the name evolved into “cha” and subsequently, when it arrived in Western world, it became “te”. It was said that in 2737 B.C , then Chinese emperor Shang  Nong, every morning boils water in his garden at his palace for breakfast and he do this every morning until one morning as he was boiling his water for his usual breakfast, a leaf fell from one of his flowers into his water which was then boiling in a kettle. The leaf gave the water a rich and alluring aroma. Emperor Shang Nong then tried drinking and realised it is refreshing and energizing. He therefore ordered more of that flower to be cultivated in his garden at the palace.

After the discovery of tea by the emperor, the Chinese upper class cultivated the habit of presenting tea packages as a highly esteemed gifts and enjoy drinking it at social functions and their private homes.

The tradition of tea began in Europe by the Dutch and Portuguese sailors in the 17th century. They transport the teas to Britain and Holland then auction them therefore making it limited to the aristocracy and the wealthy. As teas was used as a coin in China, the Europeans deem it as a symbol of high status.

Tea started making entries into North America when the British established tea houses in New York and Boston in the 18th century and by the 20th century the Africans and the South Americans also joined in the tea consumption.

Today, statistics tells us that the tea activities stands more than 3 billion US dollars a year and it is grown in more than 40 countries across the globe.

Currently, there are many types of teas on the market which can broadly be categorized into two namely;

  • Green tea
  • Black tea

The green tea is mostly dominated by the Asians and the black tea by the Europeans. Unknown to many people they both come from the same plant called Camellia Sinensis. A tea may be classified as green or black base on the climate, altitude, the part of the plant been used, flush and how the tea leaves were handled when harvesting. The greenness or the blackness in respect to the above conditions has to do with the level of oxidation and exposure to oxygen that took place before a tea is dried.

People with different cultural background understand the  way through which the various types of teas help them in maintaining good health. There are many health benefits of green tea offered in every cup that you sip on regular basis.  Some of these benefits include; increment in the level of the sense of energy and interest. The properties contained in green teas help stimulate metabolism therefore you find yourself wanting to get up and work in more vigorous way. These properties also help your body to naturally make better use of the food that you choose to eat and will tend burn calories much quickly thus reducing your weight. One great benefit which you will be excited to know is that it is not additive, nor does it contain any element that have been sighted for any sort of  undesirable effects.

Black teas on the other hand help in fighting bacteria and also help in bone health. It also balances the level of hormones thus releases stress. They can also help reduce the risk of stroke and balancing of the cholesterol level in the human system.

Some examples of green teas are the jasmine green tea and the moroccan mint tea. The earl grey tea, english breakfast tea, cardamom assam and chai tea are also the examples of black tea.

The examples of the green and black teas mentioned above have the basic benefits of the category under which they fall, but then what is added to the mother ingredient i.e. the green tea or the black tea makes the difference thus adds other benefits to it. For instance, the jasmine  plant present in the jasmine green tea contains a high amount of etheric oil which improves digestion and burns fat in the body.  On the other hand, the presence of spearmint and cornflower in the morroccan mint green tea help relief of nausea, cold symptoms, stomach distress and headaches. It also promotes heart functions and a good remedy to menstrual cramps.

Similarly, in addition to the health benefits of the black tea, ingredients such as cardamom present in the cardamom assam tea controls cancer, relief from cardiovascular diseases and improves blood circulation as well as curing urinary tract infections such as nephritis, cystitis and gonorrhea. It also a cure for impotency, premature ejaculation and erectile dysfunctions. The presence of cinnamon in the chai tea has an effect on sugar level in the human system and thus fights against diabetes.

Subsequently as the cultural of tea is worldwide known, the herbal teas were introduced. The green and the black tea are technically not herbal teas, they are called the ‘‘true teas” and they are the mother of all teas. A tisane or a herbal tea is a tea extracted from any other plant apart from camellia sinensis. This extraction is done through infusion or decoction.  Examples of tisanes are chamomile, mint, rooibos and wildberry.

Tisanes or herbal teas like any other tea have several health benefits in respect to where or the plant from which it is made. Chamomile tisane is made from chamomile and therefore when you take a cup of it regularly, you will enjoy all the benefits such as; cure to sore throat, fever, vomiting and flatulence. The wildberry on the other side contains nutrients such as vitamins C and K as well as manganese and fibre thus helps in repairing tissue, blood clotting and also keeps the digestive system healthy.

Teas are more important to us today because most of our food now contains chemicals that reduces our life span instead of the other way round. Therefore make a decision today onwards and pass by a tea or coffee shop most preferably Second Cup international to have a cup of your healthy tea and will find the taste to be enjoyable and you could begin to see differences  in the way you feel within a week or two.

What have you got to loose but a little time spent taking your tea? As we always say “health is wealth”.

                  By: Martin Kwaku Adjei

                         (Certified coffee expert)

 

 

 

 

 

 

 

 

Nigerian Gov’t Bans Davido and Others

Olamide-Davido

The National Broadcasting Corporation has banned five Nigerian songs having tagged them as “Not to be Broadcasted.”

The banned songs are Olamide‘s “Wo” and “Wavy Level“; Davido‘s “Fall” and “If (Remix)“; and 9ice’s “Living Things.”

The corporation released the list on Tuesday, saying it has banned the 5 songs from being aired across the Nigerian airwaves.

The Federal Ministry of Health had in a tweet on Friday said that the video to Olamide’s “Wo” violated the Tobacco Control Act 2015.

The 28-year-old rapper, who is signed to his own record label, YBNL, had returned to Ladi Lak in Bariga where he was raised to shoot the video of his latest single.

“This is our position: video contravenes the act. Innocently or otherwise Tobacco Promotion Advertising Sponsorship is banned in all forms.”

KOKROKONEWS could not immediately ascertain why the songs of the two other musicians were banned.

In June this year, the federal government, through the Ministry of Health, had launched a campaign to ban smoking in public places including motor parks, shopping malls and health care centres.

The Health Ministry, in a communiqué, said according to Section 9 of the Nigeria Tobacco Control Act 2015, once convicted, offenders are liable to a fine of at least N50, 000 and/or six months’ imprisonment.

Tweeting the information via its official Twitter page, the Ministry of Health claimed that the video, which features ghetto scenes in which youth are seen smoking, encourages second-hand smoking.

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This is not the first time that an Olamide song will be banned by the Nigerian regulatory body.

In 2016, just a few months after the ban of one of his songs ‘Shakiti Bobo’, NBC also banned, ‘Don’t Stop’ which is a track off Olamide’s 5th studio album, Eyan Mayweather, for its vulgar lyrics.

Defending the decision at the time, the NBC said the song was banned from being played on the airwaves for its ‘obscenity, being indecent, vulgar languages, lewd and profane expressions like ‘wa gba ponron’, ‘I just want to hit you now’, ‘je kin wo be…”

Rapper Falz had also in June criticized Ngerian musicians who glamourise fraud with their lyrics, a criticism fans took to be directed at 9ice for “Living Things.”

The actor and rapper stated that the recent trend of hailing Internet fraudsters in music is not helping future generations as the young ones are beginning to see this as a normal way of life.

He recounted the personal experience of challenges faced by Nigerians in other countries as a result of cyber crime.

According to the 2015 Tobacco Control Act, it is prohibited to promote or advertise tobacco or tobacco products except between a manufacturer, retailer and consenting persons above 18 years of age.

“No person shall promote or advertise tobacco or tobacco products in any form.

“No person shall engage or participate in any tobacco advertising, promotion or sponsorship as a media or event organizer, celebrity or other participant,” it read.

According to the 2015 law, anyone who violates the law faces the risk of a fine and jail term of not more than one year.

Persons that produce or publish advertising, promotion or sponsorship content shall attract a fine of not less than N3,000,000 and a term of imprisonment of not more than one year.
If the tenets of the tobacco-control act are followed to the latter, then the rapper is at risk of N3 million fine, one-year jail term over ‘Wo’ video.

WAEC Withholds 1,298 BECE Results

bece

The West African Examination Council (WAEC) has withheld 1,298 subject results of some candidates who sat for this year’s Basic Education Certificate Examination (BECE).

The affected candidates were cited for various malpractices during and after the examination.

According to the Head of Public Affairs of WAEC, Agnes Tei Cudjoe, the number excludes candidates who were detected by the Item Differentia Profile (IDP) software to have cheated in the object test.

It is unclear when the withheld results will be released, however, the Council says it has commenced investigations into the matter.

A total of 468,060 candidates sat for this year’s examination. The number comprises 241,145 males and 226,906 females.

According to WAEC, the number represents a 1.53 percent increase from the 2016 figure.

It noted that 3,315 of the registered candidates did not turn up for the examination sitting.

The candidates were from a total of 15,185 schools and the examination took place at 1,702 examination centres.

WAEC is in the process of dispatching the results to the Schools via the Municipal and District Directors of Education.

WAEC said the results of the candidates are currently online and can be accessed via its website.

The hard copies of the results are being distributed via the District and Municipal Education directors.

Reduce JHS Subjects to 6 -CODE Argues

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The Conference of Directors of Education (CODE) has advocated the reduction of the number of subjects studied at the various levels of basic education.

It suggested that while pupils in the kindergarten and lower primary should study only numeracy, literature and physical education, those in upper primary and students in junior high school (JHS) should be made to study six subjects, instead of nine.

In a communique issued at the end of the 24th annual conference of CODE at Abesim, near Sunyani, last Saturday, the conference expressed the view that the use of chalk had outlived its usefulness in schools and, therefore, suggested that blackboards should be replaced with whiteboards and markers provided for use by teachers.

The communique, signed by the National President and the National Secretary of CODE, Mrs Margaret Frempong-Kore, and Mr Isaac Nsiah Edwards, respectively, did not assign any reasons for the proposal to the educational authorities to reduce the number of subjects being studied at the basic level.

However, in an interview, Mrs Frempong-Kore explained that at the Kindergarten and lower primary levels, the major problem now was literacy and numeracy.

“By the time that the child leaves the lower primary, if he cannot read, he cannot grasp other subjects taught at Upper Primary and the JHS levels,” she said.

She further explained that the conference also wanted the subjects taught at the upper primary and the JHS levels to be reduced from nine to six because there was a challenge about reading currently.

Justifying the contention of CODE for the subject to be reduced, Mrs Frempong-Kore said  the subjects had to be reduced to enable the pupils to concentrate on the basics of the subjects they would pursue at the senior high school (SHS) level. “With the low level of reading, studying nine subjects gets the students rather confused,” she added.

Free SHS policy

The CODE, in its communique issued at the end of  its meeting, said as much as CODE supported the free SHS policy, “we recommend an increase in advocacy through the distribution of hard copies of guidelines on the policy”.

It also called for the timely payment of all subsidies in relation to the programme to prevent delayed payments during its implementation, a feature that was associated with the National Health Insurance Scheme (NHIS), the Ghana School Feeding Programme (GSFP), the progressively free SHS and the Capitation Grant.

It also expressed concern over the lack of textbooks and, in some cases, inadequacies in the provision of teaching and play materials and called for an immediate solution to the problem.

Pre-school education

“There is a big deficit in the supply of furniture at the basic level,” the communique stated, and suggested that the award of contract for the production and distribution of furniture should be done at the district level to ensure quality,  appropriateness and timely delivery.

“We are suggesting that the construction of new primary schools should have kindergartens attached, while the training of early childhood education teachers should be encouraged by increasing the quota for study leave,” it said.

TVET courses

The communique recommended that facilities at Technical and Vocational Education and Training (TVET) institutions should be redesigned and improved to attract females and persons with disability.

“Effective inputs such as government of Ghana grants, vehicles, residential and office accommodation, as well as office equipment, should be made available to the education directorates for effective delivery of directors’ mandate,” it said.

It said CODE supported the licensing of teachers by the National Teaching Council to improve on teachers’ professional competence, but recommended that there should be more education on the issue.

Source: Graphic.com.gh

7 Steps To Help You Get Over The Guy Who Just Don’t Want You

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Circumstances in love don’t always play out the way we want them to. Sometimes he has a girlfriend. Sometimes he’s leaving the country. Sometimes he’s just not interested.

Sometimes the problem isn’t getting a guy to like you, but rather getting yourself to stop liking him.

I’m not talking about exes here, either. I’m talking specifically about that guy in your life who — although you’ve never been together — won’t get out of your head.

No matter what the case is for you, you know one thing: You have to get over these feelings.

Here’s how to get over him:

1. Distance yourself.

The first and most important thing you can do is get distance. If he’s someone you’re frustrated about having feelings for, it’s likely you’re around him a lot. You need to do as much as possible to change that.

If the circumstances permit not being around him at all, that’s ideal. This also means not messaging him, texting him or bringing up discussions about him with friends.

It’s impossible to avoid him entirely, however. He’ll pop up eventually. In these instances, do your best to avoid him on a personal level. You can still chat about work, assignments, etc. when needed, but keep personal conversations off the table. Be polite, but engineer some emotional distance to help you get over him.


2. Accept your negative emotions.

Whatever you feel as you distance yourself, it’s OK to feel that.

When we let go of someone (even if it’s just a crush), it’s common to be struck with sadness, grief and other emotions that go hand-in-hand with loss. You’re human, it’s what happens.

What you can’t do is resist your emotions. When you focus on fighting them, you’re still focusing on them and giving them power. It’s a battle you can’t win.

Let them wash over you. Let yourself feel sadness, grief and even despair, if that’s what comes. Sooner or later, the storm will blow over.


3. Surround yourself with support.

There’s nothing more important than having good people around when you’re feeling down. Surround yourself with supportive friends and family. This will give you a secure base and the emotional support you need to pick you up.

Connect with them. Play board games, watch movies, have a girl’s night in. Do whatever makes you feel good. A good set of friends or family will help you remember your own value and push you out into the world again when you’re ready.

Make sure your friends know you don’t want to discuss that guy. They’re there to support you in your decision to let him go, not to make those memories drag on by questioning you about them.


4. Write a list of qualities you liked about him.

It might seem counterintuitive to write a list of things you liked about him, but I assure you, there is a method to this madness.

Write down the traits that attracted you to him. Instead of having them swimming around in your head, this written list will give you a hard copy. Once you list the traits, try your best to keep them out of your mind. Your mind won’t obsess over his good qualities if you’ve tucked them away for a rainy day.

Also, you now have the beginnings of a list of traits you like in a man. You can continue adding to it as you meet new people, giving yourself targeted traits to look for in a new romance.


5. Write an equal list of things you disliked about him.

This exercise is more difficult.

Create a list, equal in length to the previous one, consisting of traits you do not like about him. The important point here is the word “equal.”

You will find this hard, especially since you may not know him that well. However, you must persist. If you don’t, you’ll struggle to get over him because his positives will continue to outweigh his negatives in your mind.

Take things you know about him, things you’ve heard from friends or things he’s done (or hasn’t done) to you that you didn’t care for and write them down. Do whatever it takes to make your list equal in length.

Once completed, this list will help you take off the rose-colored glasses. You’ll see that, while he had his good moments, he also had just as many flaws.

6. Focus on yourself.

There is no better time to turn the spotlight onto you than when you’re hurting in love. Fill your schedule with enriching activities. Have you always wanted to learn how to dance? Start taking classes. Have you been out of the gym for a while? Go back. Have you always wanted to learn a language? Download the first module.

Not only do these things take your attention off him, but they also help you grow in the meantime, helping you feel good about yourself and become a more fulfilled person.

As you focus on you, understand your mind will continue to fall back to him. This is normal. Each time it does, simply thank it and then remind yourself of his negative traits before turning your attention back to you.


7. Get back out there.

By now, your feelings for him will have significantly weakened. You’ll be feeling better within yourself, you’ll be seeing things from a fresh perspective and you’ll be close to letting your feelings for him go entirely. Now it’s time to put yourself back into the world.

Meet new people. Flirt with those people. Remember what it’s like to enjoy men. Don’t jump into a relationship, just appreciate what it’s like to feel attractive and wanted as you enrich your life with new people.

And then, one day, as you continue to put yourself out there, you’ll turn around and realize you haven’t thought about him in a week. Your life, your friends and perhaps even a new man will have taken over the mental real estate he used to own.

That’s when you know you’ve moved on. You’ll have stopped liking a guy with whom things just weren’t meant to be, and you’ll be ready for bigger and better things to take his place.

source: elite

“Ghana Institute Of Social Democracy not Accredited” NAB

GISD

The National Accreditation Board (NAB) has not accredited the opposition National Democratic Congress (NDC) to operate its National Institute of Social Democracy.

The school which was launched by the party last week seeks to imbibe in young people the ideals of social democracy.

“In April 2017, the party’s school working committee, based on its previous report proposed the formation of the Ghana Institute of Social democracy as an institution of higher learning and research to train many party comrades and other interested stakeholders in the fundamental principles and philosophy of the party,” General Secretary of NDC, Johnson Asiedu Nketia said at the launch.

But speaking to Citi News the Executive Secretary of NAB, Kwame Dattey, said though the school does not have the NAB’s blessing to operate it will not be necessary if it will not be awarding only certificates.

“When somebody needs accreditation the person applies for it but to the best of my knowledge, they haven’t even applied for accreditation. I don’t know what type of school they are running. We deal with tertiary education institutions so if they are not dealing running tertiary education institutions they may not need to apply to us.”

He further explained that they have specific schools they accredit.

“We accredit tertiary education institutions that are going to award maybe diplomas or degrees but if they not going to run such programmes or they are not going to award diplomas or degrees which will be recognized then they don’t need to come to us,” he added.

Franklin Cudjoe commends NDC

Meanwhile, President of policy think tank, IMANI Ghana, Franklin Cudjoe has commended NDC for the launching the school but urged them to teach a courses he described as “internal centralism” as well as quantifying manifestos saying “I will be happy to be a lecturer.”

“I was laughing over it but I was also serious, ideology is very important. I think that they should also teach what I called internal centralism.”

Expresso Ghana Finally Disposed

expresso

Adom News can confirm on authority that Sudan Telecom (Sudatel) has finally sold all of its shares in Kasapa Telecom Limited (Expresso Ghana) to a buyer who still remains a mystery.

The deal has been indicated on page nine of the company’s 2016 Third Quarter Financial Report dated September 2016 and published November 2016 on its website.

The Report stated clearly that shares held in a Kasapa Telecoms in 2015 was 82% but shares held in 2016 is 0%.

Adom News had earlier reported that Sudatel had admitted in its 2014 Fourth Quarter Financial Report that in 2013 it entered into a shares purchase agreement (SPA) with an unknown buyer, and the buyer initially paid $5 million for 18 per cent shares.

The remaining 82 per cent shares were transferred to an escrow agent pending the fulfillment of the conditions set out in the SPA for onward transfer to the mystery buyer.

Sudatel also stated categorically that “At December 31, 2014, the operations of Kasapa Company Limited (Expresso Ghana) have been classified as discontinuing operations and a disposal group constituted for the sale.”

Indeed, the report on Kasapa Telecom Limited then was clearly labeled “DISCONTINUED OPERATIONS” in the Q4 2014 report.

Sudatel’s various financial reports indicate it has held 100% shares in Kasapa Telecoms (Expresso Ghana) since July 2008.

But the company has since been struggling to survive, largely because of international sanctions on Sudan, which made it difficult for Sudatel to transfer cash to recapitalize its Ghana operations.

As a result, the company has declined into insignificance over the past nine years and that has been characterized by the frequent change of Managing Director, the consistent monthly decline in customers, huge and numerous debts, months of unpaid salaries, staff agitations, and a number of legal battles over ownership.

The last caretaker Managing Director of the company was a former National Security Capo, Col. Larry Gbevlo. Currently, it is not clear who is at the helm of affairs at Expresso operationally, but popular senior Ghanaian Journalist and social commentator, Kwasi Pratt is the Board Chairman.

Frustrated workers, creditors, retailers

Currently, the workers of the company are still oblivious of who the new owners are, meanwhile months of salary arrears remain unpaid.

When Adom News contacted a top management member of the company about the sale (name withheld), he admitted to being completely ignorant about the sale which was announced way back in November 2016 on the company’s website.

Meanwhile, the company’s long list of creditors, including real estate owners, devices dealers, vendors, utility service providers and others have been chasing the company for debts.

The sole CDMA (Code Division Multiple Access) players also continue to lose hold of its stake in the market as customers continue to abandon the network by the day due to bad service.

As of April 2017, it subscriber level had declined to a paltry 23,264, from about 400,000 at the time Sudatel took over.

Recently, recharge card retailers likened Expresso Ghana to the embattled micro finance company DKM, because the retailers said they invested heavily into Expresso products and now it has become bad debts for them because no one is buying those products and Expresso has also refused to take them back and refund their money.

NCA

Sudatel has still not announced who the buyer is and the telecoms regulator in Ghana, National Communications Authority (NCA) has also not been informed of the sale and who the buyer is.

Indeed, the NCA itself had said it has no formal notice of any transfer or sale of shares in Kasapa Telecom to and from Sudatel.

As of December 2013, the only company known to have gone into exclusive negotiations with Sudatel for the purchase of a Kasapa Telecom was Ghanaian-based Jospong Group’s Subah Infosolutions Limited.

Following the expose of conflict of interest in the Jospong Group’s attempt to buy Expresso the company came out to admit it wanted to buy Expresso but had pulled out.

That claim was subsequently confirmed by the then Expresso Ghana Managing Director, El Amir Ahmed El Amir in an exclusive letter to this writer.

Later on, it emerged, as per a press release on Sudatel’s website, that it had concluded the sale of Expresso Ghana to an unnamed buyer.

But Sudatel later denied that information as well, citing translational error, from Arabic to English, in their own press release.

The current Q3 Report on its zero per cent shares is in English and in figures so it is clear Sudatel has sold all of its shares in Kasapa Telecom. The buyer, however, still remains a mystery.

BoG Withdraws Licenses of UT, Capital Bank; GCB To Take Over

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Bank of Ghana has revoked the license of two commercial banks  – UT Bank and Capital Bank.

The action has been triggered by the inability of the two banks to turn around their negative capital adequacy position which has lingered on for some time now.

In simple language terms, the action has been taken against these affected banks due to their “terrible” financial situation and their inability to perform within the banking industry.

It is believed that the continued encouragement of the operations of these institutions could endanger the banking industry as a whole and hence the action that was taken against them over the weekend.

Other reasons

JOYBUSINESS understands that the Bank of Ghana was forced to take this action based on provisions of the current Banking and Specialized Deposit Taking Institutions Act.

In the law, Sections  104-107 discusses prompt corrective actions for banks with various degrees of capitalization requiring the regulator to step in after 90 days or 100 days, if the bank in question fails to recapitalise or submit to the Bank of Ghana, a capital restoration plan.

Also, in Section 123, the law empowers the Central Bank to REVOKE THE LICENSE OF ANY BANK THAT IS INSOLVENT OR LIKELY TO BECOME INSOLVENT WITHIN THE NEXT 60 DAYS.

The law specifically requires the Central Bank to appoint a receiver and take remedial actions against banks that have negative capital adequacy ratios.

Other analysts also say that the Bank of Ghana went ahead with this action because they were not satisfied with the capital restoration plans brought forward by these two banks, and the law grants them the powers to go along this path if it is not satisfied with proposed plans from the ‘sick’ banks.

The same banking law requires the election of an official administrator, either appointed by the Central Bank or a bank elected by the Central bank, to handle resolution proceedings by taking stock of loans that remain in good standing and deposits and take hold of the accounting books of the bank that has had its license withdrawn.

Observes in the Industry are e also attributing this quick action from Central Bank to some form of a subtle pressure coming from IMF to quickly deal with the situation of the affected banks before the IMF’s board meeting in Ghana which is slated to come on at the end of August 2017, or the first week in September 2017.

This action is likely to be tested by the Board for its overall consistency and long term impact on the economy.

Implications of the Action

This could mean that legally the two banks cease to exist as a bank, from today, Monday, August 14, 2017, that is why GCB has been appointed to take over the assets and liabilities of these two banks. This could possibly mean that all the workers, good loans and even the bad debts would be taken by GCB.

JOYBUSINESS understands that Government and SSNIT, the two major shareholders of the Bank have given their blessing to the move.

This would see the government take on the bad loans, a move that will worsen the overall fiscal situation. If the government, on the other hand, decide to issue bonds to cover the bad loan position of Capital Bank and UT Bank, so that, it does not affect the financial position of GCB, there would be implications for the country’s overall unfavorable debt position.

Since the two banks would legally cease to exist, GCB would also take up any contractual arraignment with its clients including good and bad loans.  However, in the case of UT which is a listed entity, this development could possibly result in the institutions de-listing from Stock Exchange.

Investors could in the process, dump their UT shares on the stock and this could result in other secondary consequences.

Implications for Depositors Funds  

Sources say there would be some communication out soon to assure depositors about the safety of their funds, to avoid any serious “run” on these institutions.

However, there is the likelihood of the imposition of limits on withdrawals in these institutions in the coming days. Already, there were signs over the weekend that the ATM’s of these institutions were not working in many places, a sign that the policy on the imposition of deposit withdrawals may be in force already.

Next line of action  

The regulator could today move to seal off the premises of UT or Capital bank and open it later for business and inform staff of the two banks and even clients that a new bank, that is GCB  has taken over.

So this could mean that GCB sign posts could be seen at the offices of the banks. Also, a public announcement could be made by the regulator today giving more details as to why they took this action and to assure depositors and business community that their funds are safe.

The government could also be coming out to assure the business community and even depositors on why it decided to allow GCB to take over these two banks and also assure donors, it would not have any serious impact on the budget deficit.

Impact on GCB

This would obviously lead to a substantial increase in the total assets of GCB, a development that could make it the biggest bank in the country and make it financing most of the biggest contracts in the country since this would improve the financial position of GCB.

It could also lead to GCB Bank getting some big and juicy deals.

Budding questions going forward

GCB Bank has the largest branch network in the country so when the whole acquisition process is completed, would it lead to the closure of some GCB branches?

What about the workers, how long can GCB absorb them?

Especially when there would be a duplication of functions?

What about the two Managing Directors of these institutions?

The transparency of the whole process is coming out to play regarding the conditions under which GCB was selected. Was there a competitive process put in place to select the receiving bank?.

If there were, what were the alternative acquisition offers that were put forward by the other big banks in the industry?

Which banks participated in the bidding process?

Was this solely a GCB Board room affair under the instruction of the Central Bank?

Last but not the least, one critical budding question we must be asking is how does all this fit into the policy of creating the Treasury Single Account where government’s deposits liabilities are being transferred to the Bank of Ghana?

Will the banks survive or is this a point of inflection for the banks to begin to think and start doing real banking?

How did the two banks get here?

A lot of reasons have been assigned as to why the two have gotten here. One of them includes some loans that have gotten bad or funds extended to businesses that have not been paid on time.

Some people have attributed the management style of these banks in terms of  credit delivery.

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