Business in Ghana

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Archive for November, 2012

Pressure on president to switch on more light

Posted by Business in Ghana on November 27, 2012

By William Wallis and Xan Rice, FT.com

A decade of rapid economic expansion on the back of high oil prices and a boom in services has delivered greater prosperity and confidence to parts of Nigeria’s south – notably Lagos, the commercial capital, and more recently the oil-producing Niger delta from where Mr Jonathan hails.

But the development of the mainly Muslim north has been left trailing dangerously, at the same time as the region’s elites are smarting from a loss of political power. It is not entirely coincidental that an Islamist insurgency has taken root, its rank and file peopled by young men with little hope of finding jobs. Read the rest of this entry »

Posted in Politics, Uncategorized | Tagged: , , , , , | Leave a Comment »

Shadows and Roosters on an Umbrella. Critical News, 24th November 2012

Posted by Business in Ghana on November 25, 2012

Sydney Casely-Hayford, sydney@bizghana.com

I am not going to comment on Hassan Ayariga.  I take umbrage with those in the People’s National Party (PNC) who made him a presidential candidate.  Comic relief aside, I think it is high time we shifted the blame to the king makers.  They should be ashamed for asking Ghanaians to consider a candidate of such patchiness for president.  He won the Tornoo of the week again on Joy fm’s Weekend City show.

But Joy did poorly on Newsfile, not allowing an extra five minutes on Saturday to establish real truths on pertinent issues of Nana Addo’s qualifications amid mischief making by Felix Ofosu Kwakye, who I have concluded is simply a semi-educated NDC foot soldier.  Closer to Election day we are degenerating into an abyss of hollow thought, which I find rather distasteful.  There are levels of political discourse at mezzanine points you expect decorum and civility to guide discussions and combative deliberation.  It could be desperation driving us to silliness and I hope the issues drive us more into creativity than this stupidity of whether one left out an item in their CV.  In my world, when you submit a CV, you highlight your achievements and record of success, not your failures.  Not sure if Kwabena Agyepong held his cool after the program, he sounded livid during a hot exchange with Mr. Ofosu Kwakye.  And then of course, this week Ablakwabish raised his right to be heard, making fodder of a discourse between Nana Addo and debate moderator Kojo Oppong Nkrumah after the presidential debate. Read the rest of this entry »

Posted in Critical Weekly News, Sydney Casely-Hayford | Tagged: , , , , , , , , | 3 Comments »

When will the Melcom Store’s disaster become a teachable moment?

Posted by Business in Ghana on November 22, 2012

Kwaku Adu-Gyamfi, Asuom, Ghana.

THIS HAS TO BE ONE OF those articles when the subject needs to be approached gingerly and with due respect for our fellow citizens’ loss, lest, I’ll be accused of ‘hardheartedness’. With that firmly  in mind I’ll  delicately go ahead and attempt to shed some much needed  light on where deep darkness have occupiedfor weeks.

 While the Melcom supermarket’s disaster has certainly tested our resilience and togetherness and our security services’ agility and the citizens’ patriotism, the nation has to be proactive and get busy—ASAP! Read the rest of this entry »

Posted in Kwaku Adu-Gyamfi, Social Services | Tagged: , , , | 2 Comments »

Developing countries to receive over $400 billion in remittances in 2012, says World Bank report

Posted by Business in Ghana on November 21, 2012

WASHINGTON, November 20, 2012  Remittance flows to the developing world are expected to exceed earlier estimates and total $406 billion this year, an increase of 6.5 percent over the previous year, according to a new World Bank brief on global migration and remittances.

Remittances to developing countries are projected to grow by 7.9 percent in 2013, 10.1 percent in 2014 and 10.7 percent in 2015 to reach $534 billion in 2015.  Read the rest of this entry »

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

The Other Side Of Free-SHS Education Equation That You Don’t Want To See.

Posted by Business in Ghana on November 20, 2012

Kwaku Adu-Gyamfi, Asoum, Ghana

Universal SHS tuition-free education is nice but Universal access to a quality education is much better because the problems of education are not confined to tuition affordability.

FAR BE It from me to get in the middle of the Ghanaian “politiricking” (a combination of the words,”politics” and trick”) debate. But, I’d like to add my two pesewas to the tuition free-SHS education  debate because I don’t think the  proponents of it are  just pandering  to  education enthusiastic  parents…I hope not!.

The tuition – free -SHS -education is very feasible and enticing proposition, but we need to dissect it a little to see the quality of its contents, long- term financial sustainability, and effectiveness in solving some of our emerging educational and socio-economic problems in Ghana. Read the rest of this entry »

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

Oh Dear, Oh Dear JDM. Critical News, 18th November 2012

Posted by Business in Ghana on November 18, 2012

Sydney Casely-Hayford, sydney@bizghana.com

This has not been a comfortable week.  We lost a humble man in Aliu Mahama and we buried him as a Statesman.  Aliu, damirifa due.  May your soul rest in peace.

I am niave, and I have to accept that a good education and decades of foreign exposure can be a handicap in ways.  I hit this point last week, when I read that some persons in the NPP stronghold of Kwabre East constituency in the Ashanti Region were selling their ID cards to buyers of the NDC opposition for fifty cedis a pop.  For some time now, I have asked friends, family and any strangers I can catch in a conversation, why we are all worried about the voters register because there is a verification system that will check any fraudulent id cards.  I kept analyzing that even if you load the polling register with fictitious names, you must on voting day provide fictitious fingers with id cards to match.  Because fingerprinting is unique, you cannot beat the system, which is true.  Even if you bring children whose id cards say they are 18, on voting day, they are alone and can be quizzed by polling agents, so there is a built-in check at the point of stamping your vote.  But I have now learnt that you can increase your vote by buying down the opposition’s vote.  And I do similarly all the time in financial analysis.  I advise clients that you increase your profit by either increasing your price or reducing your costs.  Which is why Kwabre East has opened my naïve mind.  I did not make the cross over into local politics.  If you can keep the voter away from the booth, of course, they get fewer votes.  For those of you who see this as simple, believe me, I did not think about it that way.  One up for local content. Read the rest of this entry »

Posted in Critical Weekly News, Sydney Casely-Hayford | Tagged: , , , , , | 1 Comment »

UNESCO report calls for quality education and equal access to technical training

Posted by Business in Ghana on November 12, 2012

ACCRA, 12 November 2012The United Nations Educational, Scientific and Cultural Organisation, UNESCO, says the millennium pledge made by international leaders that all children would have a primary education by 2015 is going to be missed by a large margin. This is as a result of lack of funds and a general lack of interest in education.

These findings are contained in the 2012 Education for All (EFA) UNESCO Global Monitoring Report (GMR), an annual publication that measures progress towards EFA goals.

The Report reveals that in Ghana, quality primary education and availability of entrepreneur skills are fundamental to achieving the goal of putting education to work, and Ghana, like many countries, need to plan for skills development and make it accessible to most disadvantaged people. Devising means of linking the curriculum to local realities and including extracurricular practical exercises in the learning environment is vital to improving critical thinking and building a good understanding of the potential that the communities where pupils live in can offer says Mr. Dos Santos, Acting Director, UNESCO Cluster office in Accra. Read the rest of this entry »

Posted in Education, Uncategorized | Tagged: , , | 2 Comments »

Cocaine and Sandcrete Pillars. Critical News, 11th November 2012

Posted by Business in Ghana on November 11, 2012

Sydney Casely-Hayford, sydney@bizghana.com

My mother is 87 years old today and I am particularly thankful that she takes pride in, as she calls it, my “page 20” column.  I wanted to be a writer and poet and were it not for the rigidity of the school system in Ghana and market opportunities, I might have done just that.  In another place and time I probably could have penned a few clever sentences and made a living out of it.  My Great Grand Father left a legacy of writings and books and at one time he was himself a publisher with a press house.  As it turned out, I am a Certified Accountant with no regrets.  My mother also happens to be my political think tank and memory bank, taking me back in history many times to clarify why some persons are who they are, shaped by theirs and their father’s history.  Happy Birthday Mama.

So, Nana Konadu Agyemang Rawlings has a problem.  Her hearing has been adjourned to 16th November, and her picture is not on the ballot.  Seeing as we are voting in the first week of December, I don’t think she has a chance of getting her name on the list.  Her husband of many years also says he is tired of the campaign trail and would relish a chance to slow down or retire.   Were it not for President Mahama’s faux pas in bringing JJ back into the foray, I am certain he would have held back more.  You can see JJ is running out of steam.  I think this will be his last “jericho”.  But not Nana.  She has a case in court against the EC and will most likely follow through.  The next four years will tell if she still has enough fire in her belly for more political fights. Read the rest of this entry »

Posted in Critical Weekly News, Sydney Casely-Hayford | Tagged: , , , , , , | 1 Comment »

Ghanaian Political Elites Have No Sympathy For The Poor

Posted by Business in Ghana on November 10, 2012

Ben Ofosu Appiah, Tokyo, Japan

There was a justifiably public outcry against the over 150% increase in salaries for the Executive, Legislative and the Judicial branches of government as published in the Ghanaian media. Coincidentally, just at the same time this outrageous salaries increase were announced, there was report in the news (which was later denied) that employees of Ghana Education Service have had their salaries cut. Read the rest of this entry »

Posted in Ben Ofosu-Appiah, Politics | Tagged: , , , | 1 Comment »

I Debated Presidential Candidate Ayariga. Critical News, 4th November 2012

Posted by Business in Ghana on November 4, 2012

Sydney Casely-Hayford, sydney@bizghana.com

I spent four hours of my life listening to the Presidential debate.  I thought it was very critical to my future, so I gave up the time, devoted my full attention to those who would be President and run the affairs of this country.  We either turn things round in the next four years or we lose our edge and lead on the African continent.  Nana Addo Danquah Akuffo Addo, John Dramani Mahama and Abu Sakara, were privileged in Tamale last Tuesday when they mounted their platforms together with the People’s National Convention party’s, Hassan Ayariga, to share their thoughts and vision with Ghanaians.  I do not know Hassan, I heard his views for the first time last week and I looked up his profile on the net.  Not too sure how he got the nod from the PNC to become their candidate, but his performance that night has created a new ring tone for mobile telephony.  On Saturday morning, Joy City breakfast show voted him the “tornuu” of the week.  Now, other celebrities have won this accolade before so no worries, but clearly Hassan was not in the same league as the other candidates and I think on that performance alone, he can chalk his Presidential bid goodbye.  But I liked him.  He appeared in a suit and condemned all those who would come to us wearing foreign apparel to convince us of their sterling qualities.  He obviously has a great sense of humor too.  I found jollity in his Toyota car seat supply idea, amongst many others.  So, enough said. Read the rest of this entry »

Posted in Critical Weekly News, Sydney Casely-Hayford | Tagged: , , , , , , | 10 Comments »