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15.12.2015 Business & Finance

Kofi Adu Domfeh wins IFEJ Award

Kofi Adu Domfeh wins IFEJ Award
LISTEN DEC 15, 2015

Accra, Dec 15, GNA - Mr Kofi Adu Domfeh, a reporter at Luv Fm (Kumasi), has been adjudged the Best Business and Financial Journalist of the Year 2015 at the second IFEJ-Flamingo Awards for Business and Financial Journalism.

Mr Domfeh grabbed two other awards, namely the best extractive feature award with a story title, ''Gold to Gold Coast, Salvaging resource rich communities in Ghana", and the Best Developmental Future award with the story title ''Future concern no longer about energy security but climate change".

Speaking on the theme, 'Protecting the Public Purse' Mrs Mona Quartey, Deputy Minister of Finance and Economic Planning, charged all media practitioners to be accurate in their reportage about Ghana and not to dent the image of the country.

She, however, indicated that there was now a new public financial management law that would come out soon which seeks to bring together many of the corruption laws including Public Procurement Act 2003 (Act 663), Financial Administration Act 2003 (Act 654), Internal Audit Agency Act 2003, (Act 658) among others.

She said the Ministry has decrease expenditure without compromising the quality of the service that the public service must give.

Mr Lloyd Evans, the President of the Institute of Financial and Economic Journalists (IFEJ), said the theme for this year's award was carefully considered and chosen based on the high level of wastage that seems to have taken a better part of our national resources.

'As a nation we should have value for every cedi that we spend and this calls for prudent financial management in all facets of our national economy be it in public procurement, negotiation of contracts signing, funding and provision of public projects,' he said.

Mr Evans noted that protecting the national purse is one of the greatest governance challenges we have as a nation, and good governance means having good financial governance by proper accountability in the public sector.

He said the media have to play the lead role in demanding accountability from the government.

''In countries that have made it, the media have made it impossible for the government to misbehave but we can only take responsibility if the media itself becomes responsible,' he added.

The Special Prize Award was won by three members whose reports and stories about the extractive industry have been consistent between 2014 and 2015.

Mr Francis Tandoh of Xinhua News Agency won the first prize while the 2nd Price went to Mr Adnan Adams of the Economy Times and Mr Kwasi Adjei Anim of Viasat 1 TV won the third prize.

In the Competitive award, Best Finance Feature Award was won by Mr Felix Dela Klutse of Business Day with the story title ''Should Couple have a joint bank account''.

Mr Kwasi Adjei Anim won the Best Agriculture Business Feature award with the story title ''Social Inclusion Balance''.

Mr Domfeh expressed his gratitude to God for the success and urged all media practitioners to have interest in reporting on climate change.

The award serves as a platform to raise awareness on the need for a reliable, objective, analytical and comprehensive reporting on Ghana business and the economic environment. It also recognises business and financial journalists and editors who provide high quality coverage of the business and financial environment in Ghana.


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