Then the rubber hits the road and they realize that this startup journey is not as easy as they thought. What usually happens: A subset decides they’ll work to … But should my ownership of a radio station with the name Asaase mean that I am a shareholder in Asaase Royalties, as well? Influential New Patriotic Party (NPP) member and cousin of President Akufo-Addo, Gabby Asare Otchere-Darko has rubbished the linkage of Asaase Royalties to his part ownership of Asaase Radio. In principle, the board of directors are elected by the shareholders of a company to oversee and govern the … Asantehene to government: Involve chiefs in renewed fight against galamsey, ECOWAS President: Regional electricity market is crucial to sub-region’s development, A/R: Man arrested for beheading four-year-old girl at Offinso, Copper is “the new oil” and low inventories could push it to US$20,000 per ton, say analysts, COVID-19: Ghana records three more deaths, active cases 1,583, #Qatar2022: FIFA postpones Africa’s qualifiers, Security for mining firms: 200 police officers deployed to safeguard large-scale mining concessions. But should my ownership of a radio station with the name Asaase mean that I am a shareholder in Asaase Royalties, as well? They agree to what they think… Read More » Newsletter. 11 hours ago. That was the first time the central bank was taking such decision against a financial institution in the history of Ghana’s banking regime. But should my ownership of a radio station with the name Asaase mean that I am a shareholder in Asaase Royalties, as well? Asaase Radio Portal is the official news portal for Asaase 99.5 Radio in Accra Facebook; Twitter; YouTube; Instagram; Last Updates. Stretching that illogic should also make me a shareholder in AsaaseGPS, Asaase Farms, Asaase Construction and the over 20 companies bearing … NewsLetters Daily Subscribe to our mailing list to get the new updates! Many have speculated that Agyapa is related to Asaase Radio, but only changed its name, while Parliament was considering the matter. He stressed: “Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company. Shareholders and ex-directors of three defunct banks – UT, Capital and Sovereign banks have been banned from Ghana’s financial market with immediate effect. The MP suggested that since Agyapa Royalties was formerly known as Asaase Royalties, then it means that Mr Otchere-Darko will be a shareholder in it since he owns Asaase Radio. Gabby Asare Otchere-Darko, has denied owning Agyapa Royalties, formerly Asaase Royalties, an entity registered both in Ghana and Jersey. Subsequently, a leaked investigative report supposedly commissioned by the central bank showed that officials of Capital bank and UT squandered a total of GHc1.4 billion liquidity support given them by the central bank. The regular shareholder is usually not involved in the routine company operations but would always want to protect his or her interest. Newsletter. Asaase Royalties which was changed to Agyapa Royalties and generating controversies in the country is expected to manage the minerals royalties of the country. The Bank of Ghana announced the collapse of two local banks – UT and Capital banks – a year ago because they were “deeply insolvent.”. Meanwhile, the Eagle Project document captures specific timelines the BoG was expected to take cleaning the mess created. BoG to banks: Seek written approval before paying dividends to shareholders IES: Prices of diesel to reduce at the pumps, petrol to remain unchanged Race to … The document among other things was supposed to help the central bank take inventory of assets of directors and shareholders of the defunct banks and also take necessary actions against them. A typical startup story A group of friends decide to go into business together. He stressed: “Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company. The Asaase … 12 hours ago. But, Otchere-Darko noted in his post: “Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company. A typical startup story A group of friends decide to go into business together. #AsaaseRadio #Ghana Yaw Pare shoots new promo video of Ghana's latest radio station Asaase Radio Agyapa Royalties, formerly Asaase Royalties, which is set to manage royalties from Ghana’s gold in perpetuity, has been linked to Mr Otchere-Darko due to the similarities in the names. Featured. But should my ownership of a radio station with the name Asaase mean that I am a shareholder in Asaase Royalties, as well? Among the shareholders and board members of the company are Gabby Asare Otchere-Darko (chairman; senior partner, Africa Legal Associates), the senior journalist Elizabeth Akua Ohene, the advertising consultant Reginald Daniel Laryea, Nana Adjoa Hackman (managing partner, Africa Legal Associates), Kojo Opoku Agyeman (chief executi… ADVERTISEMENT. With regards to Capital Bank, the report claimed it used part of the liquidity support to set up another bank called Sovereign bank [which has also collapsed]. 624 . But Otchere-Darko noted in his post that “Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company. But in a Facebook post, the nephew of the President […] The MP suggested that since Agyapa Royalties was formerly known as Asaase Royalties, then it means that Mr Otchere-Darko will be a shareholder in it since he owns Asaase Radio. This was contained in a document titled “Eagle Project,” a roadmap used by the Bank of Ghana in handling the … Error Can not Get Tweets, Incorrect account info. Asaase Radio is a privately-owned radio station in Accra, the capital of Ghana, broadcasting on 99.5 MHz from Cantonments. No Spam.Just Breaking News and Relevant Content. Asantehene to government: Involve chiefs in renewed fight against galamsey, ECOWAS President: Regional electricity market is crucial to sub-region’s development, A/R: Man arrested for beheading four-year-old girl at Offinso, Copper is “the new oil” and low inventories could push it to US$20,000 per ton, say analysts, COVID-19: Ghana records three more deaths, active cases 1,583, #Qatar2022: FIFA postpones Africa’s qualifiers, Security for mining firms: 200 police officers deployed to safeguard large-scale mining concessions. “Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company. Error Can not Get Tweets, Incorrect account info. Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company. Share on Facebook Share on Twitter Pinterest. They agree to what they think…, No Spam.Just Breaking News and Relevant Content, Asaase Radio Portal is the official news portal for Asaase 99.5 Radio in Accra. Stretching that illogic should also make me a shareholder in AsaaseGPS, Asaase Farms, Asaase Construction, and the over 20 companies bearing the name Asaase!” He also used the opportunity to school the MP on the composition of the company. But should my ownership of a radio station with the name Asaase mean that I am a shareholder in Asaase Royalties, as well? Tags. Owning Asaase Radio Doesn’t Make Me A Shareholder Of Asaase Royalties – Gabby Otchere-Darko. But Mr. Otchere-Darko said “Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company.” “But should my ownership of a radio station with the name Asaase mean that I am a shareholder in Asaase Royalties, as well?, he questioned. A typical startup story A group of friends decide to go into business together. BoG allowed the GCB bank to acquire the banks and issued a GHc2 billion bond to clear the debt left behind. But should my ownership of a radio station with the name Asaase mean that I am a shareholder in Asaase Royalties, as well? But in a Facebook post, the nephew of the President warned his lawyers have been … Share. By GH Gossip August 20, 2020 2 Mins Read. Stretching that illogic should also make me a shareholder in AsaaseGPS, Asaase Farms, Asaase Construction and the over 20 companies bearing … BoG to banks: Seek written approval before paying dividends to shareholders. IES: Prices of diesel to reduce at the pumps, petrol to remain unchanged . Henry Cobblah October 2, 2017. This was contained in a document titled “Eagle Project,” a roadmap used by the Bank of Ghana in handling the aftermath of the collapse of UT and Capital banks and sighted by citinewsroom.com. Leading member of the ruling New Patriotic Party, (NPP), Gabby Asare Otchere-Darko has debunked being the Owner of Asaase Royalties because he owns Asaase Radio. Staunch member of the ruling New Patriotic Party (NPP), Gabby Asare Otchere-Darko has dispelled claims he owns the controversial Asaase Royalties as part of Asaase Radio. Yes, I Am A Shareholder In Asaase Radio But…– Gabby Asare Otchere-Darko. Shareholders and ex-directors of three defunct banks – UT, Capital and Sovereign banks have been banned from Ghana’s financial market with immediate effect. COVID-19: Ghana to receive 350,000 vaccines 7 May, Nigeria kidnappers free 27 college students, Startups: 4 ways to manage relationships with shareholders. The bank is looking at raising the funds through a renounceable rights issue to raise, in the minimum, GHS 450,000,000 subject to applicable regulatory approvals. Their shareholders and directors were also supposed to declare their assets. Gabby Asara Otchere-Darko, a family member of President Akufo-Addo, has denied owning Agyapa Royalties, formerly Asaase Royalties, an entity registered both in Ghana and Jersey. He stressed: “Yes, I am a shareholder in Asaase Radio, a completely separate business with absolutely no link to that state-owned company. The embargo is expected to last for a period of five years. The shareholders of the pan-African financial institution applauded the Board, Management and Staff at the 55th Annual General Meeting of … But should my ownership of … No Spam.Just Breaking News and Relevant Content, Asaase Radio Portal is the official news portal for Asaase 99.5 Radio in Accra. COVID-19: Ghana to receive 350,000 vaccines 7 May, Nigeria kidnappers free 27 college students, National security boss Joshua Kyeremeh dies, Agyebeng, Gamey clash over president’s order to Auditor General, US$150 COVID-19 tests at KIA a small price to pay for safety, says minister, #NanaAt77: “My mind dey for you.” Rebecca, others wish Akufo-Addo happy birthday, Father Campbell: A Catholic priest working hand in hand with a Muslim vice-president is an honour, Immediately: Receivers/BoG invite shareholders and board of directors of UT Bank to address settlement of related party placements and debts GHS71.6m and US$14.3m, Immediately: All shareholders and ex-directors of UT Bank undertake a written commitment of prohibition from any financial market institution for a period of 5 years, Immediately: Declaration of Assets by Shareholders and Directors of UT Bank, Immediately: Receiver with the assistance of Bank of Ghana, Financial Intelligence Centre, Central Securities Depository and Registrar Generals’ Department assemble registered and financial assets of all shareholders and board of directors of Capital Bank and UT Bank including related family members (spouses, children and parents). Shareholders. In a stetement, he indicated that he has been dragged into the matter because of his role as a shareholder in Asaase radio. In a post on his Facebook timeline, Otchere-Darko said Agyapa Royalties is 100% owned by a body set up under an Act of Parliament. Mr Gabby Asare Otchere-Darko has denied claims he owns Agyapa Royalties, formerly Asaase Royalties. Owner of Accra-based Asaase Radio, Gabby Otchere-Darko, says his business has no connection with Agyapa Royalties. ADB is, therefore, seeking to hold an extraordinary general meeting on Thursday, December 20, 2018 to seek shareholders’ approval to raise the required funds to meet the minimum capital. According to the Eagle Project, all shareholders and ex-directors of Capital bank, UT bank and Sovereign Banks were to immediately “undertake a written commitment of prohibition from any financial market institution for a period of 5 years.”. Owner of Accra-based Asaase Radio, Gabby Otchere-Darko, says his business has no connection with Agyapa Royalties. Kotoko to earn Gh¢5million from StarLife partnership. The report also noted that instead of using the money to resuscitate banks, their management, diverted the money for other uses, leading to the eventual collapse of the financial institutions in August 2017. Shareholders and members of the board of Asaase Radio who attended the launch event included Mr Gabby Otchere-Darko, the board chairman, Mr Joseph Ofori-Atta of Woolworths fame, Ms Nana Adjoa Hackman, managing partner of Africa Legal Associates, Mr Ebow Brew-Hammond and Mr Kojo Opoku Agyeman, who also doubles as the company’s chief executive officer. 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