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Stephen Amoah, the newly appointed Deputy Minister

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President Nana Addo Dankwa Akufo-Addo has reassigned the Deputy Minister of Trade and Industry and Member of Parliament for Nhyiaeso, Stephen Amoah, as a Deputy Minister of Finance to replace John Kumah, who passed away on March 7, 2024.

Mr. Amoah, until his re-designation, was the Deputy Minister of Trade and Industry. The re-shuffle was announced in a press statement signed and issued by Director of Communications at the presidency, Eugene Arhin on Tuesday night [April 2, 2024]. Here is a quick profile of Stephen Amoah with source from Wikipedia.

Stephen Amoah (popularly known as Sticka)[1] is a Ghanaian politician who is a member of the New Patriotic Party (NPP).[2][3] He is the member of parliament for the Nhyiaeso Constituency.[4][5][6] He is currently a board member of GCB Bank.[7][8]

Early Life And Education

Stephen Amoah was born on 27 March 1970. He hails from Kronum Afrancho in the Ashanti Region of Ghana.[9] He completed Opoku Ware School, Kumasi.[10][11] He holds a Master of Science degree in Strategic Finance Management from University of DerbyUnited Kingdom in 2007.[12] He also had his Bachelor of Science Degree in Computer Science from the Kwame Nkrumah University of Science and Technology (KNUST), Ghana. He also has a Certificate in Entrepreneurship from MIT. He also holds a PhD in Actuarial Science from KNUST.[7][13]

Career

Amoah was the Chief Finance Officer of Kencity and also served in the past as the Deputy National Coordinator of the National Insurance Authority (NHIA).[14] In February 2017, He was appointed by President Akufo-Addo as the chief executive officer for the Microfinance and Small Loans Centre (MASLOC).[15][14][16] He is the CEO of Zintex Portfolio Services Limited.[7] He is a finance and investment consultant.[17]

Stephen Amoah – Wikipedia

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Politics

Ablakwa Alleges Nepotism in $34.9M Ambulance Deal

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Samuel Okudzeto Ablakwa
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Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu, has alleged that Service Ghana Auto Group Limited, linked to President Akufo-Addo’s daughters Gyankroma Akufo-Addo and Stephen Okoro, was awarded a US$34.9 million contract for ambulance spare parts.

The contract was reportedly awarded four months before the company was incorporated, raising concerns of nepotism and corruption. Ablakwa has challenged critics to provide evidence to the contrary and has called for the Office of the Special Prosecutor to intervene to prevent further payments to the company.

As Discovered by Member of Parliament for North Tongu, Honourable Samuel Okudzeto Ablakwa

Akufo Addo’s daughter Gyankroma Akufo Addo is the owner of the company Service Ghana Auto Group limited that was dubiously paid 34.9m dollars to supply Ambulance spare parts. The President’s daughter, Gyankroma Akufo-Addo and Stephen Okoro are the only two directors of SFO Initiatives Limited. (Incorporation documents duly attached).

SFO Initiatives Limited was incorporated on August 9, 2013. The principal activities of the company are building and road construction, civil engineering works, food and crops farming. On the 12th of August, 2020, Stephen Okoro partnered with Gyankroma Akufo-Addo and Edwina Akufo-Addo to incorporate Goodbox Limited. (Incorporation documents duly attached).

This time Stephen Okoro took up a company secretary role in Goodbox Limited, registered by the President’s daughters to run a gym. President Akufo-Addo’s appointee, Keli Gadzekpo, who was Board Chair of ECG was made a shareholder of Goodbox Limited. A few days after, specifically on August 20, 2020, the inseparable three musketeers incorporated Good Grow Limited. (Incorporation documents duly attached). Gyankroma Akufo-Addo and Edwina Akufo-Addo are the two directors whilst their ever loyal confidant, Stephen Okoro took up the position as company secretary.

Interestingly, Good Grow Limited has been established by the presidential daughters and their beloved business associate to grow and farm cannabis. They seem determined to take full financial advantage of Ghana’s new legal cannabis regime which their father spearheaded. From the foregoing, It is now obvious that Ken Ofori-Atta’s midnight approval of the US$34.9million ambulance spare parts deal and subsequent US$10million payment was motivated by familial interest.

Ken Ofori-Atta’s primary focus was about making his nieces and their special business partner happy. Insider dealing at its frightening best. The presidential family could not take chances, just in case a new Finance Minister takes over after the reshuffle and decides to sabotage a matter in which the family has a huge interest. The conundrum about why Stephen Okoro’s Service Ghana Auto Group Limited enjoyed such remarkable preferential treatment and a unique dispensation which allowed procurement laws and other laws to be disregarded with impunity now makes sense.

We can all now understand why not even the explosive adverse findings contained in the 2022 Auditor-General’s report could stop Service Ghana Auto Group Limited from securing another uncompetitive US$34.9million spare parts cash-out from the Akufo-Addo/Bawumia government. Meanwhile, Stephen Okoro, a beloved business partner of the Akufo-Addo daughters, appears to be enjoying a golden era of business as he has incorporated 6 other companies between 2017 and 2020. In opposition, President Akufo-Addo loudly promised Ghanaians that he will not run a family and friends government. Sadly, he never intended to keep that pledge. Nepotism, cronyism and corporatocracy are all considered grave forms of corruption.

As Pope Francis reminds us: “Corruption is paid by the poor.” Leaders ought not forget this fact. I can confirm, however, that I made all these oversight findings and irrefutable documents, particularly about the role of the President’s daughters and their business partner available to the Office of the Special Prosecutor in my petition of 22nd July, 2024. It is my hope that the OSP will be allowed the free hand to conduct his investigations. In the interim, let us do everything in our power to prevent the payment of the outstanding US$24.9million.

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Afenyo-Markin Takes Charge at Electricity Company of Ghana Amid Leadership Whirlwind

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Alexander Afenyo-Markin
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President Akufo-Addo has appointed Alexander Afenyo-Markin, the Majority Leader in Ghana’s Parliament, as the new board chairman of the Electricity Company of Ghana (ECG), replacing Herbert Krapa. This change marks the third leadership shift in the ECG board within six months.

The decision has sparked discussions about its implications for Ghana’s political landscape and the energy sector. Additionally, there is significant anticipation and support for Dr. Bawumia, who is expected to lead Ghana and has been endorsed by various figures, including the Buipewura and the Overlord of Buipe, Abdulai Jinapor II.

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Dr. Matthew Opoku Prempeh Apologizes for Presidential Remarks: The social media buzz after

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Dr. Matthew Opoku Prempeh
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Dr. Matthew Opoku Prempeh, the running mate for the New Patriotic Party (NPP) in the 2024 election, has issued an apology for comments he made comparing Ghana’s first President, Dr. Kwame Nkrumah, with President Akufo-Addo.

Prempeh clarified that his intention was not to denigrate Nkrumah or any other president and expressed regret for any discomfort caused by his remarks. He emphasized his respect for all former presidents and their contributions to Ghana’s history.

However a section on the media are of the view that his release is a clear contradiction to a point raised in one of his paragraphs.

Some social media reactions



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