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Archive for January 19th, 2014

Terminate The Aglow Contract. Critical News, 19th January 2014

Posted by Business in Ghana on January 19, 2014

Sydney Casely-Hayford,

This country cannot look after its children.  We can neither feed them, nor clothe, educate or entertain them.  This past week, several schools in the Northern Regions could not reopen because Government was in arrears with their feeding fees and other services and the Conference of Heads of Senior Schools just had no option than to support the closures.

Luckily, we found ghc50,4 million to pay the arrears before the week was out, but we forget that term started and we must find money for the new term and the rest of the year.

What is going on with the cash flow?  The President only last week praised himself for surviving and told us 2014 would be far better, we should be patient and hopeful.  Then feeding fees is in short supply?

I have made many a case now that Government should really think outside the box and creatively palm off the burden of education and health payroll plus related allowances, to the private sector and regulate schools, stay away from managing a ghc6.1billion wage bill in these two sectors.  Why not step away from this cost and rather, tax profitable schools, collect withholding taxes and VAT from allied services?  Someone will have to do it somewhere along the line, because this way it doesn’t make sense and is costing us too much.  If we have bitten the bullet and allowed auto tariff adjustments for utilities and retail pump prices, think more private sector inclusion and get smart with money. Read the rest of this entry »

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