Gov’t Names Dalex Finance & Ashesi University Bosses


In US$150,000 3-day Workshop To US

The National Service Scheme (NSS), has released additional names of people who it said are on the US$150,000 3-day workshop at Boston-Massachusetts in the United States of America with the acting Executive Director, Mustapha Ussif, meaning the country is paying more.

A press statement from the NSS mentioned that “…in total, the delegation of Ghana’s MIT REAP TEAM numbered sixteen (16)”.

Interestingly, the courses that they are out to study at US$150,000 to the Ghanaian taxpayer, are taught at the Ghana Institute of Management and Public Administration (GIMPA), which is under the Flagstaff House; the seat of government

The 16-member Ghanaian delegation is made up of Mustapha Ussif – Acting Executive Director of NSS; Kenneth Thompson – Rep. of Risk Capital & CEO of Dalex Finance; Patrick Awuah – President, Ashesi University; John Ampontuah Kumah – CEO, NEIP; Stephen Amoah – CEO, MASLOC and Kosi Atwiwa Yankey – Acting Executive Director of NBSS.

The rest are; Emmanuel Asigri – CEO, NYA; Justin Kodua Frimpong – CEO, YEA; Morgan Asiedu – ECOBANK, Rep. of Corporate GH; Victor Agyeman – Director General, CSIR; Professor Kwaku Appiah Adu – Office of the Vice President; Kwabena Ampofo Appiah – MD, State Housing Company; Yaw Owusu – CEO, Venture Capital; Hene Aku Kwapong – Rep. of Entrepreneurs; Professor Samuel Nii Odai – Pro-Vice Chancellor, KNUST and Vincent Kwapong – Ghana MIT REAP Team Co-ordinator.

Missing from the NSS list is the Education Minister, Matthew Opoku-Prempeh, who was listed in the invitation letter from Massachusetts Institute of Technology (MIT Sloan), that he “will only be attending the welcome Reception on Day 0”. Meaning he had no business traveling to the US apart from going to eat and drink at the reception.

The NSS, also contradicted the Massachusetts Institute of Technology (MIT Sloan) on what the participants are to learn while on the 3-day workshop, which according to Deputy Executive Director, Nana Boakye, was “cooked” and sanctioned by Vice-President Mahamudu Bawumia.

MIT Sloan, had listed good governance, leadership and entrepreneurial skills, as subjects that the participants are to be taken through, but the NSS boss in his statement copied The Herald, said the US$150, 000 3-day workshop is “…an event aimed at restructuring the NSS as an avenue to equip national service personnel with entrepreneurial skills”.

Details of a Bank of Ghana (BoG) transfer of the US$150,000 from state coffers to waste for a 3-day workshop at Boston-Massachusetts have emerged.

The Bank of Ghana, wired the US$150,000 from the accounts of National Service Scheme into another account belonging to the Bank of America in New York last week, Tuesday, October 10, 2017, on the orders of Mustapha Ussif for the US trip.

This is happening at a time National Service Personnel, have not been paid for two months.

The Society for Worldwide Interbank Financial Telecommunication code (SWIFT code) used for the international transfer reveals the Beneficiary Customer Account number as /004632424694 at CITIBANK N.A in New York.

The account Name and address were also mentioned as SONGHAI LLC8209 SANTA ROSA CT SARASOTA, FL 34243. The purpose of the transaction was also mentioned as Remittance to /RFB/EXEC ED-REAP COHORT 5 PMT FOR TECHNICAL SERVICES FEE.

The statement claimed that “the NSS as the lead state agency, in collaboration with nominees from the private sector, academia, and other youth agencies in Ghana are attending a programme in the United States of America (USA) to restructure and harmonize the role of youth agencies to focus on encouraging entrepreneurship among the Ghanaian youth, particularly, the trained minds. Currently, on an annual basis, only 10% of the approximately 80,000 national service personnel leave the service and remain employed”.

It said “the programme also seeks to provide a platform for these youth agencies to partner with like-minded foreign organizations to raise funds in support of the entrepreneurial ventures of the Ghanaian youth”.

The MIT Regional Entrepreneurship Acceleration Program (REAP) provides opportunities for communities around the world to engage with MIT in an evidence-based, practical approach to strengthening Innovation-Driven Entrepreneurial (IDE) ecosystems.

The NSS claimed that “the MIT Regional Entrepreneurship Acceleration Program has helped many countries like Mexico, Spain, Singapore, Japan, Morocco, Ireland, etc. to improve the local environment that fosters innovation-driven enterprises by leveraging each region’s unique comparative advantage. This is done by MIT‟s faculty working with key regional stakeholders to understand its history, the key drivers of innovation and entrepreneurship, and opportunities to build unique comparative advantages”.

“In truth, the partnership with the MIT is designed to last for a period of two years, starting with an initial workshop (presently underway), and three more at later dates within the period. The paper also got it wrong when it suggested that I and or the team departed the shores of Ghana on Thursday, October 12, 2017. Truly, departure was on Friday, October 13, 2017. Again, the delegation isn’t made up of “outsiders” as the paper alleged. Instead, the programme is being attended by carefully selected Ghanaians who stand the chance to impact the younger generation. Moreover, members of the team would bring to bear their expertise in areas of entrepreneurship, risk assessment, etc. The paper once more got it all wrong when it alleged that the MIT Ghana team numbered eleven”.

More to come!


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