…ON DAUGHTER’S CO.
When Daddy decides to stay sweet to his daughter and son-in-law, when Daddy is in charge of a multi-billion government project, and daughter and son in-law are beneficiaries of that project, there cannot be a better name for your company than what Sheila Bartels, daughter of Kwamena Bartels, and her hubby gave to their company.
“STAY SWEET SUGAR INDUSTRIES LTD” is the name of the company.
Sheila Bartels and hubby Nana Ayitey Sam, have a man in their life who put sparkles in their business. And that man is Kwamena Bartels, who on March 30, 2006, was the Minister for Private Sector Development and Presidential Special Initiative and who gave them a sparkle valued at over ¢4 billion.
Established in February 2002, Sheila Bartels then 26 years, and her husband Nana Ayitey Sam, then 30 years are the only individuals listed as both shareholders and directors of Stay Sweet Industries.
Fours years on, Sheila Bartels turned 30 years and her company entered its 4th year of business without any visible track record, but Stay Sweet Sugar Industries was awarded a 4-billion-cedi (310,000 euros) facility under the Ghana Private Sector Development Fund-Italian Credit.
The above Italian Credit facility was pioneered by Hon. Bartels. The fund was also under the firm control of the Ministry of Private Sector Development, where Kwamena Bartels was the supervising Minister.
Kwamena Bartels, The Enquirer established, was also the chairman of the committee responsible for approving proposals from the hundreds of companies who submitted applications to benefit from the facility.
Each company could benefit up to about Euros 450,000
Fellow committee members admitted to The Enquirer last year September that as a member of the committee which approves applications, they are privy to the guidelines regarding what should constitutes a successful proposal because they defined “what constitutes a successful application”
According to investigations conducted by the Enquirer, when the Italian facility was concluded, The Minister gathered his daughter and son-in-law on one fine Sunday after church and tipped them off about the facility and asked them to apply.
Subsequently, investigations revealed that the Minister, with all his insider knowledge about application guidelines also coached his daughter and his son-in-law on how best to structure his proposal in order to be successful. Interestingly, at that time, Bartels was the general overseer of the fund and maintained his post as Chairman of the selection Committee and sector Minister of the fund.
Source: GhanaWeb
