Business in Ghana

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Archive for October 18th, 2010

Critical News, 18th October, 2010

Posted by Business in Ghana on October 18, 2010

By Sydney Casely-Hayford, Sydney@bizghana.com

I took a break to re-group.  I have been back home now for a year this December and I wonder whether we can really change Ghana.  The politicians are our worst nightmare.  Then last week, Deputy Minister of Information, Mr Okudzeto Ablakwa started to describe he and others in the Mills Government as “the political elite”.  This is at the time when school re-opening has become a complete mess.  If you have followed the news closely, you know that the NDC Government decided to revert to a 3-year term for the SHS period after the NPP had changed it to 4 years during their term.  Wonder Madilo writes a very good piece on this.  But what has happened this past week is just appalling.  First year students have no beds to sleep on, no desks, no chairs.  Government promised with gusto that they would have everything in place before the school term starts.  Now the Ghana Education Service has advised the Conference of Heads of Assisted Senior High Schools (CHASS) to charge a Ghc100-300 fee for all new admissions and convert other facilities to dormitories while the government gets its act together.  But I heard all the advice for the dos and don’ts of 3-year to 4-year as far back as March this year.  Much ado was made about previous decisions by the NPP government and in the end it all came down to a manifesto decision by the NDC and therefore they changed the law.  Now we have a major mess on our hands.  Sorry! The NDC has a major mess on its hands.  This should be a political game-changing event.  If the NDC comes out of this and wins in 2012 we have to do a lot of analysing. Read the rest of this entry »

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Danquah On Nkrumah’s Propaganda Climb To Greatness

Posted by Business in Ghana on October 18, 2010

By Gabby Asare Otchere-Darko, www.danquahinstitute.org

In his maiden address to Parliament in January 2009, President JEA Mills, an avowed Nkrumaist, said, “We intend to honour Dr Kwamne Nkrumah’s memory with a national holiday to be known as Founder’s Day.”

Thus, September 21 is now one more of developing Ghana’s  numerous public holidays (17) to  force on the nation a break from our  usual ‘work and unhappiness’ routine.

Several articles were written and speeches made from the likes of political historian, Prof Mike Oquaye, a Danqua-Dombo-Busiast, and political scientist Dr Vladimer Antwi-Danso, an Nkrumaist, to the effect that “We cannot say that Nkrumah was the founder of the nation we call Ghana. Ghana does not have one founder.”

As our way of marking the day, the Danquah Institute has provided below an article wrote by Dr J B Danquah on October 2, 1961, where he traces Mr Nkrumah’s contribution to the independence struggle and the propaganda tactics he used to turn the ‘masses’ of Ghana against the other nationalist leaders. Please read below J B in his own words: Read the rest of this entry »

Posted in Asare Gabby Otchere Darko, Politics | Tagged: , , , , , , , , , , | 1 Comment »

UN Official Says Resources, Policies And Leadership Key To Achieving Anti-Poverty Goals

Posted by Business in Ghana on October 18, 2010

From www.undp.org

Countries can make headway on slashing hunger, poverty and a host of other socio-economic ills over the next five years, the head of the United Nations Development Programme (UNDP) said today, stressing three essential elements for progress.

“With sufficient and predictable resources for development, the appropriate policies, and strong leadership and capacity, we do believe that the MDGs and other internationally agreed development goals can be met,” Helen Clark stated, referring to the Millennium Development Goals (MDGs) which world leaders have pledged to achieve by 2015. Read the rest of this entry »

Posted in Financial Services | Tagged: , , , , , , , | Leave a Comment »

A Snap shot of the World Bank and IMF Annual Meetings: How to achieve a world without poverty!

Posted by Business in Ghana on October 18, 2010

By Franklin Cudjoe, Washington, D.C., www.imani.org

The World Bank and the IMF have not had many friends in the developing world since post-Structural Adjustments days, when their advice and interventions, largely backed by aid yielded slow and negative growth.  It is the case though, that dealing with the two Bretton Woods institutions is like loaded dice. In one breadth they provide you with advice, and then in another, they continue to support countries that fail, even when their failure did not originate from bad advice, but essentially rooted in disrespect for the most basic institutions needed to effect real change.

Take Ghana, for instance.  Not all the IMF and World Bank’s involvement in our mostly self-inflicted tottering economy in the 1980s come to doom and gloom? There were significant gains, which could have been used to diversify our agrarian based economy- yet we watched politicians splurge most of the gains on the 1992, 1996 and 2000 general elections. And just when our strangling debts were paid off, with a promise to ‘taking off’ into the middle income bracket, we watered down the gains again in 2008, with a world record deficit of almost 20% to GDP- mostly incurred as a result of light-speed spending, mainly outside of the budget and ostensibly to chase political votes. Read the rest of this entry »

Posted in Financial Services, Franklin Cudjoe | Tagged: , , , , , , , , , | 2 Comments »

Finally, Some Sense in National Planning

Posted by Business in Ghana on October 18, 2010

By Kofi Akosah-Sarpong

The proposition by the chair of Ghana’s National Development Planning Commission, P. V. Obeng, that stakeholders in the financial sector should factor in the informal, traditional sector not only go with the current enlightenment thinking but it also reveals the ongoing attempts by Ghanaian policy-makers to think hard from within their traditional values for progress.

The reason for such thinking today, as we build-up on various attempts in this regard some 50 years ago, is that the informal, traditional sector has for the past 50 years been neglected and not grounded in national policy planning. Read the rest of this entry »

Posted in Financial Services, Kofi Akosah Sarpong | Tagged: , , , , , , | Leave a Comment »

Stakeholders Chart Release of Vitamin A Cassava in Nigeria

Posted by Business in Ghana on October 18, 2010

By Paul Ilona, www.harvestplus.org

Ibadan, October 13, 2010: Ahead of the World Food Day which comes up on 16 October 2010, agriculture and health experts are holding talks in Ibadan to discuss the progress made in breeding new varieties of cassava that can provide Vitamin A through the diet.

The nutritionally-improved cassava will give more Nigerians access to Vitamin A and help fight ‘hidden hunger.’

Pre-varietal release trials of the varieties across the country have proven that farmers find them irresistible. Read the rest of this entry »

Posted in Agriculture | Tagged: , , , , , , , , , | Leave a Comment »

Corruption not the Cause of High Costs of Trucking

Posted by Business in Ghana on October 18, 2010

By West Africa Trade Hub, www.watradehub.com

For policy makers in West Africa, the key conclusion of this report is that the cost to deliver a container from Tema to Ouagadougou is about five times the cost to deliver the same container from Newark to Chicago, a route of roughly equal distance. This is despite the fact that trucker salaries in the USA are roughly 25 times higher. And the trip takes as much as four times longer.

In 2005, “everybody” knew that the high cost of transport and logistics in West Africa was due to official corruption at roadway checkpoints. The authors of this report have researched that question and, according to their findings, it seems “everybody” was wrong. Read the rest of this entry »

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The Jubilee House For A Museum; What Are We Smoking?

Posted by Business in Ghana on October 18, 2010

By Kwaku Adu-Gyamfi (Voice Of Reason)

Are we serious?

I’m not happy. And you shouldn’t be either.

What has me incensed is the fact that two former ministers are talking about wrong issues.

Oh lordy, our vision- impaired and ideas- deficit   politicians never cease to surprise me with their diatribes and time- consuming insinuations.

It’s beyond astonishing to me  that two former ministers  devoted their time  to stir-up  a debate –which doesn’t give the country any dividend—instead of  tackling some of our  everyday  issues .  They’re  yakking while the   plastic bags have  choked up our sewage system, schools are  mis-educating  our  children and  unemployment is stealing  our  youth’s  desires and  aspirations. Read the rest of this entry »

Posted in Kwaku Adu-Gyamfi, Social Services | Tagged: , , , , , | Leave a Comment »

Africa needs more seed companies to push out improved maize varieties

Posted by Business in Ghana on October 18, 2010

From Godwin Atser, www.CGIAR.org

African governments have been urged to encourage the emergence of more seed companies that will multiply, market, and disseminate improved maize varieties to farmers to boost food production.

So far, in the West African region, only Nigeria has a relatively vibrant seed industry with about 12 emerging private sector-driven seed companies. Ghana and Mali have three each, while the Republic of Benin has none.

Researchers say this development needs to change for Africa to taste the much awaited Green Revolution. Read the rest of this entry »

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SMEs Appeal For Removal of Hurdles to Access Bank Loans

Posted by Business in Ghana on October 18, 2010

By Carly Ahiable, Business in Ghana

Owners of small businesses in Accra have appealed to commercial banks to ease their rigid conditionality for loans to make it possible for more small and medium enterprises (SMEs) to access funds to develop their business.

The made the appeal during questions and answers time at the second day of a two-day business focused seminar dubbed “Nkontabuo Krakye” seminar developed to get SMEs operators to master and manage their businesses to improve profitability.

The “Nkontabuo Krakye” is carved out of a weekly business programme on an Accra radio station, the Asempa FM that educates SME practitioners on proper business management and record keeping. Read the rest of this entry »

Posted in Carly Ahiable, Financial Services | Tagged: , , , , , , , , , | Leave a Comment »