Business in Ghana

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Archive for August, 2013

Reviewing Your Election Posture. Critical News, 25th August 2013

Posted by Business in Ghana on August 25, 2013

Sydney Casely-Hayford, sydney@bizghana.com

This week’s piece is the final build up to the Election Petition.  There is no need for a recap of all that has happened, how it started and what has or not been said.  We are at the end and the only interest for any Ghanaian is what the Bench of Judges will say on Thursday.  This case has given Ghanaians an opportunity to practice our well-touted hallmark of patience and political tolerance.  In the end, the religious peace-hijack has petered out, in my view a lack of message sincerity and a lame attempt to cash in on the gullible poor and underprivileged.  By the time this Critical News piece hits the airwaves and print media we will be counting down the last hours to delivery.

Which way will the verdict go? Read the rest of this entry »

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No Room For An Asp. Critical News, 18th August 2013

Posted by Business in Ghana on August 18, 2013

Sydney Casely-Hayford, sydney@bizghana.com

Sitting down to write this morning, I did as I do, read comments to my articles, gauging sentiment, guiding my focus and maybe bias, because we all have them.  It always happens that you veer directionally with sentiment and maybe offend some readers.  So this week, I thought we could catch some of what others have to say.  I find it interesting.

I called out GYEEDA and THEO CODJOE had this to say on myjoyonline.com;

“The failure of our Parliament to pass the Right To Information Bill into law is the proof that our politicians do not intend to be held accountable despite the ancient and hallowed principle that in democracies the people have the inalienable right to know what the elected representatives do with the power entrusted to them; the power which includes, most importantly the power to use the resources of the state.  If you entrust a certain amount of money or any valuable item to a bank or any caretaker of any sort, it is implied that anytime you desire to know the status or worth of that valuable the caretaker must let you know; it is a duty enforceable by law. On the broad political terrain, that law is the Right To Information Law. All the civilised democracies after whose constitutions we have modeled ours, have a Freedom Of Information or Right To Information Law! That our politicians have denied us that law for the past thirty years is most galling! Mr. Cletus Avoka is on record stating seriously that it is not a priority for Parliament! This is an insult to the people of Ghana and a betrayal of the trust reposed in their representatives. The Right to Information about government action may is a necessary concomitant to the right to vote, and is a very important in for exacting accountability of political leaders.  It is, the means of checking the books of the political actors and making sure the books contain a faithful record of what they promised us they were going to do with the power we bestowed on them with the elections and how they have used the finances we make available to them through our taxes and other national resources.  When you elect politicians into office and they refuse to account to you as in our case [by refusing to provide the means of exacting the account, [which is what the Right To Information Law is,] then the people have been robbed of their power and the incidents of “GYEEDA not to be seen REPORT” will continue to blight our financial resources. The people of Ghana must realise that so long as our elected and appointed politicians refuse to account to us their use of the power and the resources we entrust to them none of the good things we desire and which they promise to achieve for us when we vote them into office will ever be achieved.  Attendant mismanagement of our financial resources.” Read the rest of this entry »

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Single Spine Konongo Kaya. Critical News, 11th August 2013

Posted by Business in Ghana on August 11, 2013

Sydney Casely-Hayford, sydney@bizghana.com

Gyeeda.  I have offered to forward copies of the GYEEDA report I have seen and hopefully let Ghanaians get a taste of freedom to information, if it could only happen the way it is meant.  That Parliament rose to a break after not doing anything significant about our right to information is a question we should pose soon as they are back to waste more time (they said, not me).  The GYEEDA report is freely available on the worldwide web, so our President can keep his copy in the bosom of PV Obeng.  What we are asking now, is this the real deal?  I know there is a lot more on GYEEDA than I read in the “draft report” so I am NOT waiting patiently for the final version, which might never be released.  It will be another EOCO judgment debt final report.

And we are still out there borrowing money for development.  In Turkey this week, our Government is yet again lobbying outsiders for funds to build East, West corridors, and much more.  But internally, we can do more with tax collection and creative schemes.

When the Center for Democratic Development (CDD) launched its 5th Afrobarometer report, it starkly revealed that Ghanaians are very aware they have to pay taxes to support Government.  Even more importantly the survey reported that Ghanaians would willingly and unreservedly pay more tax if they could get good service from Government.  They also saw the Ghana Revenue Authority as corrupt.  The overarching conclusion is that Ghanaians are not averse to paying taxes, but they want the cedi pro quo. Read the rest of this entry »

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Give Me My DCE, Mr. President. Critical News, 4th August 2013

Posted by Business in Ghana on August 4, 2013

Sydney Casely-Hayford, sydney@bizghana.com

It has been a very interesting week and Fiifi Kwetey, (I am not sure I understand his job yet) is flitting between media blitz’s and chameleon “ntoma” recycling the blame for the 2012 excesses back to 2009.  Now he points to the petition hearing for the economic downturn, which he admits.  Well, look back Mr. Kwetey, because we consistently heard that the economy was fixed, confidence restored and we were looking at the best financial turnaround in the history of this country.  And that was long before the NDC Government went gaga with election profligacy and tossed financial prudence out the window to perpetuate kleptocracy.  We have seen what GYEEDA was capable of, with just two companies, Jospon Group and the Agams Group.  There is a sanitized cyberspace version of the Youth and Sports ministry report, where most of the deals were signed, doing the rounds.  It is damning of the Government and points to the sheer conceit of the Youth and Sports ministers involved.  Rashid Pelpuo, Kofi Humado and Akua Sena Dansua.

But Mr. Kwetey says Investors are pleased with Ghana’s financial indicators and management.  Actually, if they looked at financial management they would brave Boko Haram in Nigeria.  Fortunately some other stuff makes them keep an open door to us.  They can see good democratic evolution and a far better return on their money than elsewhere in the world.  This country runs not on the fuel of cash and prudent borrowing, but on the peace of the Ghanaian, the very symbol in the Supreme Court which Mr. Kwetey condemns as a waste of time.  And if he is to be used as an example, he is not of that Ghanaian ilk, sporting one of the foremost fetid mouths in politics.  Outsiders see what we are doing, but savvy Ghanaians are fully on top of what is going down here.  We just can’t find redress to coral Government appointees. Read the rest of this entry »

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