What were we told at the outset of the banking sector purge in Ghana? “Not a single depositor will lose their investment!”
It is not for no reason that hardworking Ghanaians decided to place the product of their sweat and toil in the care of institutions duly licensed by the Bank of Ghana for that specific purpose – to mop up deposits from innocent investors (Ghanaians) and pay them interest on agreed terms.
Microcredit, Microfinance and Savings & Loans companies over years sprang up all over the country, majority of which were licensed and supervised by the Bank of Ghana.
To the knowledge of the innocent investor, these institutions were audited in accordance with the law, they paid taxes to the Ghana Revenue Authority (GRA), they paid monthly contributions to the Social Security and National Insurance Trust (SSNIT), and they adhered to all the statutory requirements imposed on institutions operating in the financial sector.
These institutions were subjected to regulatory scrutiny by the Central Bank and had boldly displayed on the walls of their receptions, their regulatory certificates attesting to their licensing by the Central Bank.
These institutions advertised copiously in the media, both print and electronic. They engaged in Corporate Social Responsibility (CSR). They had signage displayed outside their offices and indeed across the country. They were not hiding; they were in full view!
Innocent investors on several occasions encountered officials of the Bank of Ghana’s Banking Supervision Department on site visits at the offices of these companies, ostensibly checking their books, scrutinizing their accounts, interacting with management and staff, and leaving with broad smiles of approval!
The innocent investor was comforted by this, as he rested assured that his investment, his fixed deposit, was fully secure, under the eagle-eyed supervision of the no-nonsense Central Bank……or so he thought.
Fast-forward to present-day Ghana, scores of such institutions have had their licenses revoked, with the attendant anxiety, uncertainty, confusion and distress imposed upon the innocent investor. Palpitations and fits of panic are the order of the day. Ghanaians are staring financial calamity in the face. The innocent investor’s waterloo is upon him.
But amidst the doom and gloom, there is hope! This hope is founded on one salient principle – EQUITY! “The quality of being fair and impartial”. EQUITY!
What is this equity that presents the innocent investor with this glimmer of hope? The answer is a simple one.
Seven banks – UT Bank, Capital Bank, Unibank, Royal Bank, Sovereign Bank, Beige Bank, Construction Bank – were ‘collapsed’ by the Central Bank by the revocation of their banking licenses for a variety of reasons, mainly gross mismanagement culminating in insolvency. What was the decree by Government and the Central Bank at the time? – “Not a single depositor will lose their investment”.
The first two – UT and Capital – were subsumed by the state-owned GCB Bank, while the remaining five were merged into the newly-created state-owned Consolidated Bank Ghana Ltd. Government went further to issue bonds in order to raise billions of Cedis to cater for the bad assets of those banks, and injected fresh capital into the new bank.
By so doing, Government in one (or two) fell swoop(s), created a solid state-owned bank and strengthened another, to see to the interests of depositors of the erstwhile banks, and to apply some much-needed good governance to cure the corporate malaise that was the main stay of the erstwhile banks.
To the innocent investor, the thinking behind this intervention is no rocket science. It was simply a case of the Central Bank owning up for its poor supervision of these institutions. The Central Bank was both duty- and statute-bound to supervise the operations of these banks and to ensure that they complied with the Central Bank’s prudential requirements, the ripple effect of which would be the engendering of confidence in the mind of the innocent investor about the safety of their investments and deposits in those licensed institutions. The Bank of Ghana failed to do this.
The innocent investor therefore, unaware of the precarious solvency position of these banks, freely and willingly placed his hard-earned money at the disposal of these banks in current and savings accounts, as well as other financial instruments such as fixed deposits, treasury bills etc.
When the chips fell and the banks were collapsed, the BOG had what appears to be no option but to make up for the liquidity deficit of those banks by providing the much- needed funds to ensure that not a single depositor lost their money. Government touts as an achievement the protection of funds held by some 1.4 million depositors in the collapsed banks, for which the Government has been roundly applauded.
The intervention by the Government to save depositors of the collapsed banks was a tremendous source of comfort for depositors of the then struggling Microcredit, Microfinance and Savings & Loans companies – the innocent investors. The investors by this time were terribly afflicted by the scourge of insolvent financial institutions. Their interest payments had all but ceased, and the repayment of their principal amounts at the expiration of the tenor of their investments was not forthcoming.
The innocent investor, in dire need of money for school fees, hospital bills, rent payments, and money for general survival, was unable to access his own funds, because shareholders and directors of financial institutions holding his money had consciously decided to turn themselves into emperors, living lives of ostentation and luxury, the likes of which we had never seen before. Mansions, sports cars, all manner of toys aplenty.
They were monarchs with endless streams of liquidity for their profligacy, the source of which was the sweat and toil of innocent investors. They ran their companies like their personal piggy banks, only this time, the piggy banks in question were bottomless pits, spitting out wads of cash at the pleasure of their owners. Wads of cash belonging to young men and women trying to develop the culture of saving, retirees just wanting a stable income out of their retirement money, poorly paid civil servants seeking another stream of income, teachers and nurses putting some money away for a rainy day, policemen and soldiers investing for the future of their children aware of the dangerous nature of their jobs, Ghanaians in the diaspora sending money home in anticipation of their return to the motherland, poor rural farmers investing the proceeds from the sale of their harvests; simply put, ordinary Ghanaians – innocent investors!
In spite of the great difficulty he was confronted with, the innocent investor was down but not out. There was light at the end of the tunnel. Happily and thankfully, Government and the BOG had provided the requisite funds to cater for every single depositor of the banks, so why wouldn’t they do same for the Microcredit, Microfinance and Savings & Loans companies? It was a no brainer, or so he thought!
Like clockwork, less than twenty-four hours after the revocation of the licenses of the distressed banks, customers and depositors had access to their funds seamlessly. The innocent investor expected the same efficiency and care. But alas it was not to be.
It has been nearly six (6) months since the ‘cleansing’ of the other financial institutions began (Microcredit, Microfinance and Savings & Loans), and till date, the status of depositors is unclear. The popular slogan “No depositor will lose his money” has evaporated into thin air. Depositors queued at designated locations such as the Registrar General’s Department, armed with bundles of documents, to fill out validation forms andswear affidavits, all in the hope that their funds, just as was the case with the collapsed banks, would be available to them within the shortest possible time.
Government purportedly released some 900 million Ghana Cedis to the Receiver to be paid to depositors whose claims were validated. From all indications, this amount is woefully inadequate to cater for the claims of all depositors.
But why would Government/BOG release this amount, fully cognizant that same would be inadequate to liquidate the claims of the innocent investor?
Why would Government/BOG treat this class of depositors differently from how they treated depositors of the collapsed banks who were licensed by the very same BOG?
With the passage of time, by piecing together various statements made by the Receiver (whose work frankly has been slow, lackluster and utterly disappointing) as well as the BOG, it is now crystal clear what the intentions of the Receiver and the BOG are, relative to this matter.
The goalpost has been shifted a couple of times. Below is the trajectory:
1. “Government has provided the funds to pay the validated claims of depositors”
2. “Aforensicauditisunderway.Whileitisongoing,allclaimslessthan10,000Ghana Cedis will be paid in full. Depositors with claims above 10,000 Ghana Cedis will be paid a total of 10,000 Ghana Cedis, and will receive the remainder after the forensic audit”. (My checks reveal that no forensic audit is being done. I stand to
3. “All depositors will be paid a maximum of 10,000 Ghana Cedis. If their
claims are above 10,000 Ghana Cedis, they will be paid based on what the Receiver is able to recover from the assets of the affected financial institutions”.
Story Number 3 appears to be the current rule, and it has been repeated a number of times by the Receiver. This cap figure has now been revised to 20,000 Ghana Cedis, with the Receiver’s Spokesperson, Madam Philomena Kuzoe releasing a press statement on Friday 8th November 2019 to this effect. Is this fair to the innocent investor? Wherein lies the EQUITY?
- – Is it fair that depositors of banks were paid in full, and those of Microcredit, Microfinance and Savings & Loans companies are not being paid in full?
- – Were they all not regulated and licensed by the same BOG?
- – Were they all not supervised by the same BOG?
- – Did they all not report to the same BOG?
- – Were both classes of depositors not oblivious to the rot going on in those
institutions, something that the BOG should have noticed long before the collapse?
- – Are the depositors of the collapsed Microcredit, Microfinance and Savings & Loans
companies less Ghanaian than the 1.4 million depositors of the collapsed banks?
- – Most importantly, is it fair that simply by virtue of the fact that they invested 20,000 Ghana Cedis and below in the collapsed institutions, some investors will be able to recoup 100% of their investment immediately, while others, no matter how much they invested, only recoup 20,000 Ghana Cedis immediately and the rest if/when the Receiver wakes up from its slumber and tries to recover something from the
assets of the companies and/or their directors and shareholders?
– Was it wrong for the innocent investor to invest more than 20,000 Ghana Cedis in an institution duly licensed and supervised by the BOG? And why must the innocent investor now suffer for investing more than 20,000 Ghana Cedis?
So where at all is the equity??? Why is the BOG/Government not following its own precedent? Why is the BOG not owning up for its failure of supervision by doing for this class of depositors as it did for the other class of depositors. This may even be fertile fodder for a lawsuit, and there are in fact whispers of potential lawsuits and class actions against the BOG and the Receiver.
Mr. Government, Mr. BOG, do the equitable thing! Do the just thing! Do right to all manner of persons!
The most pathetic aspect of this is the issue of the Receiver seeking to realise some value from the recovery of assets of the collapsed Microcredit, Microfinance and Savings & Loans companies, which value it will pay to depositors as the balance on their deposits.
This is utterly laughable and outright misleading. What effort, if any at all, has been made towards this? For starters, have the assets of these institutions, their shareholders and directors even been identified at all?
If the Receiver and the BOG think that the directors and shareholders of those financial institutions are sitting around twiddling their thumbs and waiting for their assets to be seized and liquidated and the proceeds paid to depositors, then both the Receiver and the BOG are dreaming and not up to the task. They must wake up and smell the coffee!
The directors and shareholders are walking around freely, enjoying the fruits of their mismanagement and corruption, dissipating and disposing of the assets they have acquired, hiding them under fictitious names, transferring them to foreign jurisdictions etc.
What exactly has been done to protect and/or preserve these so-called assets in order that steps may be taken to realise some value out of them for the benefit of the innocent investor? This aspect of the matter has been very poorly handled and may result in whatever is actually recovered paling into insignificance as compared to the legitimate demands and expectations of depositors. A pyrrhic victory awaits the BOG and the Receiver. This would be a catastrophic dereliction of duty with far-reaching consequences.
I may not be a financial expert, but my uninitiated mind tells me that the barest minimum inter-agency collaboration would have eventuated in successfully identifying and protecting the said assets during this transition period to guard against dissipation.
What could have been done?
- BOG should have ensured that bank accounts owned, operated and affiliated to the Microcredit, Microfinance and Savings & Loans companies, their shareholders, directors and related parties were frozen on the date of the revocation of their licenses
- The Driver & Vehicle Licensing Authority (DVLA) could have provided data on all vehicles owned by the companies, their shareholders, directors and related parties to have the documentation of those vehicles flagged in order to prevent the sale of the vehicles
- The Collateral Registry of the BOG could have supplied information on any assets collateralized by the companies, their shareholders, directors and related parties to prevent those assets from being dissipated
- The Lands Commission could have provided information on all landed property owned by the companies, their shareholders, directors and related parties to bring these to the fore and prevent those assets from being dissipated
- The Ghana Stock Exchange could have provided information on shares owned by the companies, their shareholders, directors and related parties, and bonds and financial instruments bought into by them, to bring these to the fore and prevent those assets from being dissipated
- The Securities and Exchange Commission could also have provided information sourced from the institutions it regulates which points to assets and/or investments held by the companies, their shareholders, directors and related parties
- The Registrar General’s Department could have provided information on other companies owned by the financial institutions, their shareholders, directors and related parties, and the value of the shares in those companies
- The GPHA and Airport Authorities could have provided information on any goods at the ports of entry in the name of the companies, their shareholders, directors and related parties to prevent those assets from being dissipated
- The passports of directors and related parties should have been frozen to prevent them from fleeing the country to evade justice
10.National Security should have begun monitoring the movement and communication of shareholders, directors and related parties
11.The personal homes and offices of the companies, their shareholders, directors and related parties should have been clearly identified
12.The Ghana Revenue Authority could have supplied information on the taxes of the companies, their shareholders, directors and related parties from which their various sources of income and assets could be identified
13.SSNIT could have supplied information on pension contributions by the companies, their shareholders, directors and related parties
14.Interpol could be collaborated with to identify foreign assets standing in the names of the companies, their shareholders, directors and related parties to bring these to the fore and prevent those assets from being dissipated
15.All bank transfers effected by the companies, their shareholders, directors and related parties should have been identified and tracked
16.All Ministries, Departments & Agencies (MDAs) who have transactional relationships with the companies, their shareholders, directors and related parties should make full disclosures of these transactions
17.Any other measures that would have helped to put a net over their operations and preserve and protect all recoverable assets
The above steps carefully and diligently executed, could have very easily contained the situation and preserved what assets were in the names of the companies and their principals.
Ten, fifteen or twenty efficient, aggressive law firms could then have been enlisted to analyse all the information gathered for the purpose of mounting an aggressive assault on the identified assets for the purpose of recovery, in exchange for an agreed percentage of whatever is recovered. Their work would have been relatively easier.
As it stands, it would be a massive surprise if the Receiver is able to identify and recover anything substantial from the so-called assets of the companies and their principals. It is simply a case of too little too late. Closing the stable doors after the horses have bolted is an act in futility. The BOG and the Receiver have let the innocent investor down and have failed on the job.
The BOG/Government must realise that refusing to pay depositors the entirety of their investments will definitely weaken and eventually extinguish the confidence that Ghanaians have in the remaining Microcredit, Microfinance and Savings & Loans companies, and will make it difficult and/or almost impossible for these companies to raise funds in the form of deposits from the investing public. Their intervention in this matter therefore is necessary for the very survival of the industry. Failure to intervene poses an existential threat to the industry.
It must not be lost on us that it is these institutions that fill the gap between Small and Medium Scale Enterprises (SMEs) and the universal banks. It is they whose pervasive tentacles answer the call of ordinary Ghanaians in all spheres of endeavour looking to raise capital for a variety of reasons. It is therefore vitally important for the advancement of private enterprise in this country that these institutions remain in business to continue with the good work for which they are licensed by the BOG.
Now to the Government. Next year is an election year, and promises to be a hugely eventful one at that. Neither the Receiver nor the BOG will crisscross the length and breadth of the country soliciting the votes of the masses. It is you the politicians who will do that.
If you will let the poor planning and inefficiency of the Receiver and the BOG affect your electoral fortunes, then you would have let yourselves down sorely.
You have no option in the matter. Pay up depositors’ validated claims, and offset whatever you pay out with what little you manage to recover. Depositors have been quiet over the past few months to avoid antagonizing the Government, Receiver and BOG, all in the hope that their funds, as it happened with the banks, will be returned to them in full! Do not take their silence for granted.
Unlike with the Receiver and the BOG, the citizens have a unique constitutional vehicle for passing their verdict on the Government of the day on the 7th of December every four years. Do that which is right, lest you suffer the umbrage of the masses.
Mr. Government, do not allow the sins and failings of career bureaucrats and technocrats to be visited upon you! The political effects will be dire and grave, and posterity may never forgive you. Bite the bullet and let this cup pass you by!
Signed: Philip Kwaku Owusu (“An Innocent Investor”)
10 Days in Ghana and more experiences to enjoy in Africa with Gold Coast XP’s Tours and Activities
Do you dream of exploring the wonders of Africa? Do you want to experience the rich culture, nature, and adventure that this continent has to offer? Do you wish to find a reliable and convenient way to book your travel experiences online? If you answered yes to any of these questions, then you are in luck. Gold Coast XP is here to make your dreams come true.
Gold Coast XP is an all-encompassing online platform that brings together the best of Africa’s travel experiences. From safaris to cultural tours, from kayaking to speed boating, from hot stone massage to meet and greet events, you can experience Africa like never before.
In this blog post, I will showcase some of the tours and activities that Gold Coast XP offers, as well as highlight the benefits of using Gold Coast XP to book a tour or an activity. I will also invite you to try and book any tour, activity, stay, or event on Gold Coast XP’s website for yourself and discover the amazing opportunities that await you in Africa.
Here are some of Gold Coast XP’s Tours:
December in Ghana 10 Days Experience
If you are looking for a way to celebrate the end of the year in style, you should consider joining the December in Ghana. This tour is exclusive by Gold Coast XP and it will be an unforgettable adventure.
You will get to explore the bustling markets of Accra and the tranquil shores of Cape Coast. You’ll also get to immerse yourself in the local culture and learn about the history and significance of Ghana.
Some highlights include:
- A profound journey to Cape Coast Castle & Kakum National Park to explore the history of the transatlantic slave trade and Ghana’s outstanding natural beauty.
- Discover bustling local markets and dance the night away in Accra’s vibrant music scene.
- Relax on the pristine shores of Ada and encounter a unique collection of African artifacts.
- With stays at 4-star hotels and expert local guides, this is the quintessential Ghanaian adventure.
- Bookings start from $2,800
You will be amazed by the diversity and richness of Ghana, and feel welcomed by its warm and hospitable people. I highly recommend this tour for anyone who wants to experience Ghana in a comprehensive and immersive way.
Zanzibar Escape: A Tropical Experience
Are you ready for a tropical paradise? If yes, pick up your calendar, mark a date, and set a reminder as you book the Zanzibar Escape tour. This tour would be a blissful retreat and you’ll get to indulge yourself in the ultimate tropical escape with pristine beaches, crystal clear waters, and lush greenery.
You also get to explore the vibrant local markets, where you can find spices, fruits, fabrics, and handicrafts. Book this tour now and experience the unique blend of African, Arabic, and European cultures that Zanzibar offers.
Some highlights include:
- Visit Prison Island and Nakupenda Island.
- Visit Spice Farm and Mabaraka Aquarium
- Enjoy the Safari Blue Sunset Experience.
- Stone Town Activities
- Bookings start from $1,000
You will be enchanted by the beauty and charm of Zanzibar, you will feel relaxed and rejuvenated by its atmosphere. I highly recommend this tour for anyone who wants to experience Zanzibar in a relaxing and enjoyable way.
The Bone Shaker Experience- Ghana’s Mummy Truck
If you are looking for a unique and fun way to experience the history and culture of Accra, Ghana, you should try The Bone Shaker Experience. This tour is a unique and fun way to experience the history and culture of Accra, Ghana.
You get to ride in a traditional bone shaker truck, a type of vehicle that was popular in the late 50’s and early 80’s. The trucks are named for their bumpy ride, which would give you a taste of what life was like for early Ghanaian travelers.
Some highlights include:
- Riding a traditional bone shaker truck through the streets of Accra:
- Visit six key historical locations in Accra
- Jamestown National Museum, the Kwame Nkrumah Mausoleum, Independence square, Chorkor, Oxford street and Adabraka
- Learning about the history of transport in Ghana
- Having a lot of fun and laughter with music and entertainment
- Bookings start from $40
You will be entertained and educated by The Bone Shaker Experience, this ride creates a connection with the people and the place. You will also love the party mood as well as the lively atmosphere that this experience will create for you, it will make you feel part of the community.
I highly recommend this activity for anyone who wants to experience Accra in a unique and fun way.
Untamed Empire Tour
Are you an art enthusiast? if you are and you’re ready for an incredibly good art tour, go to Gold Coast XPand book the Untamed Empire Tour. This tour is a captivating way to explore the creative arts of African Contemporary art. You’ll get to visit the Untamed Empire Art Gallery, where you’ll see the work of established and emerging artists from Ghana and all over the world.
There’s so much to learn about this rich and diverse artistic tradition from knowledgeable guides. In addition to the permanent collection, you will get to tour other art galleries that feature Afrocentric art.
Highlight of this activity includes:
- Visit several contemporal art galleries
- Interact with artists to get more insight.
- See a variety of Afrocentric art from different artists and periods.
- Learn about the history and significance of African Contemporary art from a knowledgeable guide.
- Visit other art galleries that feature Afrocentric art.
- Gain a deeper understanding of African Art Culture.
- Bookings Start from $30
We were impressed by the beauty and power of Afrocentric art and we felt inspired by its message and expression. We also enjoyed the educational and transformational aspect of this tour, as it helped us appreciate and understand African Contemporary art better.
We highly recommend this tour for anyone who wants to explore the creative arts of African Contemporary art.
Nzulenzu Tour: Explore The Unseen Parts
Get the fun in the family running and book the Nzulenzu Tour, This tour is an extraordinary adventure that will take you to a remarkable community situated on stilts above Lake Amansuri in the Western Region of Ghana.
This UNESCO World Heritage Site offered a unique and unforgettable experience for travelers seeking to explore an off-the-beaten-path destination. You will get to immerse yourself in the local culture and discover the daily lives of the people.
You’ll also get to learn about the history and significance of Nzulezu from knowledgeable locals who are proud and willing to share their heritage with you.
Highlight of this activity includes:
- Canoe trip experience
- Cultural performances
- Local cuisine
- Arts and crafts
- Nature walks, and Stilt houses
- Bookings Start from $420
You will be awed by the diversity and resilience of Ghana’s cultural heritage and feel a glimpse into a way of life that is truly unique. You’ll surely appreciate the cultural exploration and natural beauty that this tour has to offer, as it combines both aspects in a harmonious way.
I highly recommend this tour for anyone who wants to experience an extraordinary adventure that will leave them with lasting memories.
Here are some of Gold Coast XP’s Activities:
Hot Stones Massage By Maysing Massage
Pick up your phone, get on your laptop or desktop, go to our website, and book the Hot Stones Massage. This activity is a soothing and relaxing experience. You’ll get to enjoy a hot stones massage, which involves placing heated, smooth stones on various parts of your body while a massage therapist works on your muscles.
The heat from the stones helps to relax your muscles and improve your circulation. This type of massage provides relief from muscle tension, pain, and stress.
Highlight of this activity includes:
- Service is rendered in the comfort of your home or any chosen location.
- Aromatherapy candles and soothing music
- Bookings Start from $100
You will be impressed by the professionalism and skill of the massage therapist that will make you feel a difference in your body and mind. You’ll also enjoy the ambiance and comfort of the massage room, which has aromatherapy candles and soothing music.
I highly recommend this activity for anyone who wants to experience a hot stone massage in a comfortable and convenient way.
Meet and Greet at the E4, JT Boutique
Hurry up!, It is time to make new friends, Book the Meet and Greet at the E4 today and feel the vibes in one of the oldest districts of Accra. This activity is a fun and social way to meet new people and learn more about Ghanaian culture.
You’ll get to meet at Jamestown Boutique, where you will be greeted by friendly staff and tour guides. You’ll also get to enjoy modern-day festival fever, as you walk through the Jamestown communities and see the ancient port city.
Highlight of this activity includes:
- Meet new people and learn about their experiences in Jamestown.
- Share your own experiences and connect with others
- Get to know the local community and make new friends
- Bookings Start from $15
You will be delighted by the Meet and Greet at the E4, and feel a sense of belonging with the people and the place. You’ll have a lot of fun and laughter with your fellow travelers, as you share your stories and experiences.
I highly recommend this activity for anyone who wants to meet new people and learn more about Ghanaian culture in a fun and social way.
Invite your friend and enjoy the stunning views of the lake with our Kayaking activity, book now on our website, (Gold Coast XP). This activity is a cheering experience that will offer you an opportunity to explore the scenic beauty of Lake Volta.
The club offered a wide range of kayaking activities that catered to both beginners and experienced kayakers. These activities included guided tours, racing, and leisurely paddling.
The club also provided top-of-the-line kayaking equipment and safety gear to ensure a safe and enjoyable experience for all members. You will be thrilled by Kayaking at Lake Club and feel a sense of adventure and freedom.
Bookings Start from $15
Experience the excitement of speed boating at the Lake Club Ghana. It’s an adventure you’ll never forget. Book your Island Go activity now. This is a great activity for those who crave adventure and want to enjoy speed boating.
You’ll have the opportunity to zip across the scenic lake waters and feel the wind in your hair as the adrenaline rushes through your body while you speed along the lake. Whether you’re a seasoned boater or a beginner, the experienced staff will be available to guide you through the process and ensure your safety.
You’ll be impressed by Island Go and feel a sense of thrill and joy. I highly recommend this activity to anyone who loves speed boating or wants to try something new and exciting.
Bookings Start from $45
I hope you enjoyed reading about some of the tours and activities that Gold Coast XP offers. If you are interested in booking any of these tours or activities or finding out more about what Gold Coast XP has to offer, please visit our website Gold Coast XP. You can also follow us on social media to get updates on our latest tours, activities, stays, and events.
Ready to embark on your African adventure with Gold Coast XP? Don’t miss out on the incredible tours and activities waiting for you. Visit our website today to book your next unforgettable experience. Join us in exploring the wonders of Africa and making memories that will last a lifetime! See you soon at Gold Coast XP!
‘Millennium Girls’ of Wesley Girls’ High School donate GHS 10,000 to the victims affected by the Akosombo dam spillage.
The Wesley Girls’ High School 2002 Old Girls Association, known as the ‘Millennium Girls,’ recently showcased their commitment to social responsibility by donating GHS 10,000 to Citi FM’s resettlement project for the victims affected by the Akosombo dam spillage. Representatives Nana Finba Austin and Edith Dede Acquaye presented the generous contribution at the premises of Citi FM, emphasizing the association’s dedication to the welfare of the community and reinforcing the enduring values of unity, compassion, and service instilled during their years at Wesley Girls’ High School.
The ‘Millennium Girls’ continue to set an inspiring example for alumni associations, embodying the spirit of giving and making a positive impact beyond their Alma Mater.
The ‘Millenium Girls’ are set to host the 187th Anniversary and Speech and Prize Giving Day of their Alma Mater, Wesley Girls’ High School in February 2024.
DJ Justice GH kicks off The Justice Experience Tour on December 3
Get your dance shoes on! DJ Justice GH will bring the heat to clubbers nationwide this festive month with the Justice Experience Pub and Lounge Tour–a revamp of his annual end-of-year concert, coming to a location near you. The tour will begin at Monte Carlo Pub in Tema–his home city, this Sunday (December 3). Be there!
“I feel the night scene has become pretty boring and I want to change that,” DJ Justice GH said. “It shouldn’t always be artists, so I’d be teaming up with DJs and MCs this year. They have more to offer than you think and nightlifers can expect one of the best nights they’ll ever have this year.”
DJ Perbi, DJ Toyor, DJ Xpliph, DJ Ronky, DJ Mpesempese, DJ Lord, DJ Wobeti, DJ Mynor, Sheldon The Turn Up, DJ Shiwaawa, DJ Mac Tonto, DJ Cartoon and countless more are on the list of supporting acts to storm Accra, Koforidua, Aflao, Kumasi, Tamale, Swedru and Takoradi alongside DJ Justice GH.
If you don’t want to miss this feature-packed experience, follow DJ Justice GH (@djjusticegh) on Instagram to know when he’s hitting your city.
Grammy Nominee Tyla Tells Apple Music About New Single “Truth or Dare”, Collaborating with Travis Scott & Summer Walker & How ‘Water’ Changed Her Life
Superstar in the making Tyla joins Zane Lowe on New Music Daily to discuss her new single, “Truth or Dare” available now. They discuss the making of the new single, reflect on her smash-hit “Water” changing her life, recent collaborations with Summer Walker and Travis Scott, and more.
Tyla on having fun making her new single…
It was so fun to make. I just feel like I’ve worked on my sound so much these past years working on the album, so making this type of music is easy for me. I love it. I love it. Whenever I make something that I’m excited about, I want to drop it same time. But there’s a lot of times where I learned that being patient is important because I notice that once I wait and I spend more time on certain things, I always come up with something better.
On ‘Water’ changing her life…
Water literally changed my whole life completely. It’s so crazy how a song can change your life like this. It’s beautiful. It’s so exciting. I’m so happy that people are loving the sound, coming from home. So yeah, I’m excited to see where it goes from here.
On what she’s learned from collaborating with people like Travis Scott and Summer Walker…
It feels so surreal working with people that I’ve always loved and listened to. Yeah, I love it. I love that I’m able to also share my sound with other artists, bigger artists, and share their audience and their audience, experience sounds from home. Collaborating is my favourite. I love working with new people. When I was working on my album, I was travelling literally the world and working with everybody. So yeah, it’s cool that I get to now work with the big names that I’ve always been watching my whole life.
On making her forthcoming album self-titled…
For now, my introduction to the world, I just wanted to be clean, Tyla. I want people to get to know my name and get to know my sound because my first project is going to be Tyla in music form. So, I felt like self-titled would’ve been the best way to go.
On her recent success…
I think I’m trying to acknowledge it. It doesn’t feel real as yet, to be very honest. A lot of the times, I’ll just be doing what I usually do, and then my team has to remind me, “You can’t do that anymore.” So, I’m kind of adjusting to it. But yeah, I’m just excited that more people are hearing my music and enjoying the stuff that I’m putting out. And yeah, I’ll still have to get used to this whole change, but we’ll see. We’ll see.
On the idea of “home” and how it feels now that her music is representing her community and where she’s come from…
I haven’t been home in long since Water started blowing up. So, this is my first time home, and everyone’s just so welcoming and so excited and happy. So, it’s such a good time to be here. It’s summer for us here, so you can imagine how the vibes are here. South Africa is the place to be. Summertime, crazy.
On what she missed the most being on the road and away from home…
Obviously my family. I have a big family. I’m very close with them., So being away for so long is so difficult. So, definitely family and the food. Definitely my mother’s food. My mother knows as soon as I land, she knows the routine. She has to have a whole meal ready for me. And every single time, it’s there. I have Pap. It’s there. South African food is what I crave all the time, literally.
On her favourite artists from South Africa…
I always listen to Kelvin Momo. He’s a piano producer. Crazy. Crazy. Everyone should listen to him. I’m always listening to him. I’m listening to Nasty C, Kabza De Small. There’s so many amazing artists out here in South Africa.
Can You Snort Kratom?
If you are using kratom, this thought might have crossed your mind: ‘Can I snort Kratom?’. But, the answer to this question is a big ‘NO.’ Kratom forms clumps when it is exposed to moisture. So, it is not favorable to snort kratom.
Snorting or Insufflation of kratom can damage the mucous membrane and irritate your throat. People can experience negative effects, including overdose. But there are ways in which you can consume different strains of kratom without any problem.
In this article, we will talk about the side effects of kratom snorting and what are the best ways to consume kratom. We will also discuss the dangers related to snorting kratom. So let’s get started.
Why Would Someone Snort Kratom?
Usually, the Southeastern people used kratom by chewing the leaves of the plant. But as kratom’s popularity increased, it was manufactured as capsules, powder, and liquid shots for consumption. People usually take kratom orally, but there are various reasons people snort kratom:
Get High Quickly
Many people believe that if they snort kratom, it will be directly absorbed into the bloodstream, which will make them get high quickly. Some users who use kratom for recreational purposes consume kratom like this.
Lack Of Knowledge
People who lack knowledge regarding kratom and its proper use snort kratom. Kratom forms clumps when it comes in contact with moisture, so it can further cause health issues.
Can You Smoke Kratom?
Other than taking kratom in capsules and powdered form, it is also smoked by many people. However, a significant amount of leaves is required to achieve the desired effects. It can be harsh on the throat and lungs, but you can get high quickly. Make sure you purchase kratom from reputable brands to get only the purest kratom. You can check this post to learn more about the best brands to buy kratom.
As compared to other herbal supplements, kratom smoke can be strong. It also produces a sustained euphoric effect, but you need a higher amount of supplement to achieve that euphoric state.
Here are some points to know before smoking Kratom:
- New kratom users or those who are sensitive to kratom must not consume more than one gram of the substance.
- At lower doses, you will feel mild stimulation, and your mood will be uplifted.
- If you smoke a significant amount of kratom, like 5 grams, then you will have noteworthy effects.
What is the Best Way to Use Kratom?
Other than snorting kratom, there are many ways in which you can consume kratom and get its various benefits. Manufacturers sold different types of kratom strains in the form of powder, capsules, extracts, etc. You can use kratom in the following ways:
- Kratom Capsules: If you don’t like the taste of kratom, you can go with kratom capsules. This method eliminates the bitter aftertaste and also offers a convenient way to take your daily dose.
- Kratom Tea: Brewing kratom tea is a timeless tradition. To create the best kratom tea, boil water on a low flame for 10-12 minutes and add kratom leaves or kratom powder to the water. Strain the liquid, and your kratom tea, with its amazing benefits, is ready.
- Kratom Powder: People also use kratom powder along with normal water. To make it more fun, you can blend kratom powder with chocolate milk. If you are lactose intolerant, you can opt for a milk alternative. You can also make kratom cookies to get the best of both worlds. You just have to pour kratom powder when you are making the dough for the cookies, and it’s done. People make kratom cookies to get the benefit of kratom and the sweetness of cookies.
- Kratom Extracts: These extracts are a more concentrated form of kratom. It can be created from kratom leaves of kratom powder. Its dosage is far more potent than the kratom powder.
Dangers of Snorting Kratom
Snorting kratom can be very dangerous for you and against your best interests. There can be short-term and long-term side effects of snorting kratom:
- Short-Term Side Effects: Nose Bleeding, nasal swelling, trouble breathing, nose and throat irritation, buildup of mucous membrane, nasal blockage.
- Long-Term Side Effects: Lung Infection, Damage to the respiratory system, Damage to throat and nose, Damaged mucous membrane, Blood clots in lungs, pulmonary embolisms, nasal inflammation, and perforation of nasal passages.
Along with these, snorting kratom can also cause various mental and physical problems:
Hallucinations, anxiety, aggressive behavior, tremors, seizures, vomiting.
Snorting kratom can be dangerous, so make sure you consume kratom in the form of tea or powder, etc. You must also know about the different strains of kratom and their benefits; in that way, you can select the best kratom strains for you.
Final Thoughts: Can You Snort Kratom?
This leads to the end of this article; we talked about how snorting kratom can create problems for you. Snorting kratom is not a good idea; the powder will form clumps in your throat and lungs and can cause serious long-term side effects.
There are many ways to consume kratom; you can take it as a capsule or make kratom tea. It is also available as extracts, which are the most concentrated form of kratom. You can make kratom consumption fun by adding the powder to your chocolate milk or making cookies.
Kratom has many benefits, but only if you take it the right way. Snorting kratom can harm you in many ways. Its short-term side effects include nose bleeding, swelling, nose and throat irritation, and nasal blockage. It also has long-term side effects like mucous membranes, nose, and throat damage. It also leads to lung infection, blood clots in the lungs, and pulmonary embolisms.
So, we recommend using kratom safely by consuming it the proper way. Snorting kratom will not get you high but can damage your respiratory tract and lungs. So be careful and safe.
Exploring the Latest Technological Advances in Fishing Reel Design
Fishing, once a simple pursuit with rudimentary tools, has undergone a transformative journey with technological advancements. Piscifun, a prominent brand in the fishing gear industry, stands at the forefront of this evolution. Let’s delve into the latest technological innovations that Piscifun incorporates into their fishing reel designs, enhancing the angling experience for enthusiasts of all levels.
Precision Engineering: Micro Gearing for Smoother Operation
One of the standout technological features in Piscifun fishing reels is the implementation of micro gearing. This precision engineering involves the use of finely machined gear components, resulting in smoother operation and increased performance. Anglers experience reduced friction, allowing for seamless casts and retrieves, making each fishing excursion a more enjoyable and efficient endeavor.
Carbon Fiber Drag Systems: Power and Sensitivity in Harmony
Piscifun recognizes the crucial role that drag systems play in fishing reel performance. The brand integrates advanced carbon fiber drag systems into their reels, combining power and sensitivity. This innovation ensures that anglers can smoothly adjust the drag to handle various fish sizes while maintaining a level of sensitivity that allows for precise control during the fight.
Corrosion Resistance: Shielding Reels Against the Elements
Fishing often involves exposure to harsh elements, and Piscifun addresses this challenge with cutting-edge corrosion-resistant technologies. The brand incorporates materials and coatings that protect the reel from saltwater corrosion, ensuring longevity and reliability even in the most demanding environments. Anglers can trust their Piscifun reels to withstand the test of time and the corrosive effects of saltwater.
Lightweight Design: Graphite and Aluminum Alloys for Maneuverability
In the pursuit of the perfect fishing reel, weight plays a crucial role in determining maneuverability and comfort. Piscifun leverages the latest materials, such as graphite and aluminum alloys, to create lightweight yet durable reels. This technological advance allows anglers to enjoy extended fishing sessions without experiencing fatigue, ultimately enhancing the overall fishing experience.
Sealed Bearings: Enhancing Durability in Challenging Environments
Piscifun understands the importance of bearings in reel performance, and their incorporation of sealed bearings is a testament to this commitment. Sealed bearings provide an additional layer of protection against water, dirt, and debris, significantly enhancing the durability and lifespan of the reel. Anglers can confidently take their Piscifun reels into diverse environments, knowing that the sealed bearings contribute to reliable and smooth operation.
Dual Brake Systems: Fine-Tuning Control for Precision Casting
Achieving precise casting is a fundamental aspect of successful angling, and Piscifun addresses this with the implementation of dual brake systems. This technological innovation allows anglers to fine-tune their casting control, adapting to different fishing conditions and lure weights. The result is increased accuracy and casting distance, providing anglers with a distinct advantage on the water.
Advanced Gear Ratios: Speed and Power Tailored to Fishing Styles
Piscifun fishing reels come equipped with advanced gear ratios that cater to diverse fishing styles. Whether anglers prefer high-speed retrieves or require the power for deep-sea fishing, Piscifun’s innovative gear ratios provide versatility. This technological advancement allows anglers to adapt their reel’s performance to specific fishing scenarios, ensuring optimal efficiency and success.