The Finder – Tullow shareholders fume over non-payment of dividends.

SHAREHOLDERS of oil giant, Tullow Oil plc in Ghana say they are fed up with the plethora of excuses

being given by the company for non-payments of dividends in the last three years.
The company’s investor forum held in Accra on Wednesday nearly turned chaotic as one shareholder after another sought to find out how and why the company was still not paying them their dividends.

While some of them boldly questioned the company’s dividend policy and called for a review of the policy, others rubbished its Corporate Social Responsibility (CSR) initiatives, suggesting that funds being channeled into those programmes be used to settle the dividends.

“Is it possible for Tullow Oil to cut down on its CSR activities so that shareholders can also benefit because all the questions being asked center on dividend payment; no matter how small it is shareholders can be proud that this year Tullow paid some dividends?” one shareholder submitted.

Shake up hits immigration

…45 Senior officers transferred; Palmdeti heads to Central Region

FORTY-FIVE senior officers of the Ghana Immigration Service (GIS) have been transferred and posted to new stations.

They include two Deputy Commissioners of Immigration (DCOI), two Assistant Commissioners of Immigration (ACI), 18 Chief Superintendents of Immigration (C/SUPT.), eight Superintendents of Immigration (SUPT.), 11 Deputy Superintendents of Immigration (DSI) and four Assistant Superintendents of Immigration (ASI).

A letter dated May 17, 2017, and signed by Comptroller-General of Immigration, Kwame Asuah Takyi, said the transfers take immediate effect.
According to the letter, DCOI Prosper Price Delali Asima has been transferred from Kotoka International Airport (KIA) to Sekondi in the Western Region as the Officer in Charge (OIC) while DCOI Eric Affari at Sekondi heads to KIA as OIC.

In addition, ACI Isaac Luortey, the Commander in Tamale in the Northern Region has been transferred to Headquarters in Accra and will be replaced by an officer from Headquarters – Chief Superintendent Noah Ahomka Yeboah – as Acting Regional Commander.

 

Agencies at Ports to be reduced – Dr Bawumia

The government has announced plans to cut down on the number of agencies working at the various ports and borders as a means of eliminating inefficiencies and reducing the man hours spent in clearing of goods at the ports.
Although it is not immediately known the number of agencies that would be left to handle operations the port, the cut down is expected be greatly bring an improvement upon the about 16 agencies currently tasked to inspect imported items.

Importers of have constantly complained about the inefficiencies at the port and about officials of these agencies who claim extort monies from them thus raising their cost of doing business.
The Vice President Dr MahamuduBawumia made this announcement at the Port Efficiency conference held in Accra on Tuesday.

Additionally, the Vice President announced three major reforms that would be undertaken to further change the phase of service delivery at the country’s ports.

Ghana’s non-traditional export earnings dip to $2.463 billion in 2016

Ghanas non-traditional export earnings fell 2.3 per cent to 2.463 billion dollars in 2016 compared with 2.522 billion dollars in 2015.

Mr Eric Twum, Deputy chief Executive Officer of the Ghana Exports Promotion Authority (GEPA), who announced this at the launch of the 2016 Non-Traditional Export (NTE) Statistics in Accra, said the decline in the export of processed cocoa products led to the dip in earnings.

Processed cocoa products contribution fell by 16 per cent from $643.3 million in 2015 to $542.3 million in 2016 from January to December.

 

 



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