Business in Ghana

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Archive for May 4th, 2013

The 2012 Election Trial Is For Constitutional Rights And Sovereignty

Posted by Business in Ghana on May 4, 2013

By ERIC EDUSEI, Virginia, USA

If anybody had predicted that a black person would become the leader of the free world (the United States of America) in my life time, I would have labeled that person as a dreamer. In William Shakespeare’s Macbeth, he never believed that he would be vanquished because Birnamwood to high Dunsinan (trees and land) could not possibly move against him. Although, it seemed impossible it did happened. What is strange under the sun; where are historical figures like Saddam Hussein and Muhammad Gaddafi in our lives today? We know in our biblical history where Lazarus was restored to life having died for four days which reinforces our believe that with God everything is possible. This ‘Trial of the Century’ should not shock any one because it is only an attempt to ensure sanity in our democracy, guarantee fundamental fairness and a promise of better life for generations to come. It is not about NDC or NPP but the restoration and preservation of our sovereignty to elect our leaders. It is our right and we demand it.  The revolution to emancipate this nation from corruption; ensure sanity and accountability is still ongoing because we cannot as a country allow few disgruntled people at the Electoral Commission to manipulate our electoral process and decide the fate of over 25 million people. This is ridiculous and unacceptable, and I thank everybody who is in the mill to fight this monstrous canker. Read the rest of this entry »

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Adopting A Common External Tariff, Ecowas States Move Closer To Customs Union

Posted by Business in Ghana on May 4, 2013

By Joe Lamport

Once a month or so, an employee of Mamma Mia’s pizzeria in Accra, Ghana, drives three hours to Lomé in neighboring Togo to stock up on supplies for the popular restaurant. The reason is simple, and one that almost every business owner (and most consumers) understands: lower prices.

“The prices are usually much lower in Lomé than Accra,” the employee said, “so we go there to stock up on cheese and other ingredients.”

Stories of wide price variations across the region are common, according to Lori Brock, an international trade expert who has studied the region’s economy.

“I was amazed that you could buy batteries in, say, Nigeria or Senegal for about 50 cents and the same batteries in Accra would cost two or three dollars,” she said. Likewise bicycle tires in Ghana cost about 4 GHS ($2), while in Senegal they cost about 7,000 CFA ($14) and in Nigeria cost about 5,000 Naira ($31). Read the rest of this entry »

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Regional Tariff Reform: Necessary, But Not Sufficient

Posted by Business in Ghana on May 4, 2013

Dr. Daniel Bromley, University of Wisconsin-Madison/Humboldt University-Berlin

It is very encouraging to see that the ECOWAS Ministers of Finance have endorsed a regional tariff regime for West Africa. We must be grateful for small steps taken to create vibrant economies in the region. However, small steps often fail to get us where we need to go before something really bad happens to us.

My recent research for the USAID West Africa Trade Hub, embellished by the on-going projects on “highway robbery,” has convinced me that not much will change unless economic problems within individual countries, not among them, are corrected. It is often much easier to arrange regional agreements with others than it is to reform what needs fixing closer to home.

I must stress that the fundamental problem with regional trade in West Africa is the extraordinarily high cost of moving goods – whether or not those goods move across national boundaries. Bribes and enforced delays along trade routes within e.g. Ghana or Mali are as perverse as they are across borders.  Read the rest of this entry »

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