Hi Newspaper can confirm on authority that the first Ghana Movie Awards, Ghallygold, initially scheduled to come off, May 6, 2010 has been cancelled for lack of sponsorship.

Intended to award hardworking people in the movie industry over the past years, Ghallygold received over 85 submissions from over 25 production houses between February and April 2010.

Good news is, another company, Movie Awards Ghana Ltd is taking over from where Ghallygold left off. The company scrapped old itinerary and some works already done, and has named the awards scheme as M.A.G (Movie Awards, Ghana).

Among the five main brains behind M.A.G are event organizer, Efua Wadjeto; actor/producer, Fred Nuamah, and Rockson- the man behind the earlier awards. M.A.G. is scheduled to be launched on July 24, 2010, while the main event comes off in September ending.

Asked how sure he was of this one coming off with or without major sponsorship, Fred Nuamah told Hi Newspaper, “if it would take selling our properties to make it happen” International movie star Denzel Washington and Ghanaian-Sierra Leonean Hollywood star, Idrissa Akuna Elba are in the short list of top black actors M.A.G is in talks with to grace the maiden edition. Idrissa Akuna Elba starred in Gangster alongside Denzel Washington and Russell Crowe.