Business in Ghana

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Archive for February, 2014

Missing Babies, Wrecked Booths and Broken Gears. Critical News, 23rd February 2014

Posted by Business in Ghana on February 23, 2014

Sydney Casely-Hayford, sydney@bizghana.com

Exactly a day short of a year today, President Mahama refused to acknowledge the Election Petition challenge in his State of the Nation Address.  His concerns on that day were “dumso dumso”, water matters, unemployment and security problems.  Now, with the election petition gunned down, the remainder situations are becoming culture.  No solution to the water crisis, “dumso” is back, unemployment is raging mystified and National Security is in your community space with “rambo” style early morning raids.

I disagreed with JDM’s State of Nation 2013 and I disagree with him again this year as he worsened the matter and postponed his address to the Nation.  For no reason.  “Unforeseen circumstances” means, “I am not in charge of my situation”.  It means there are other concerns far more important than this, but I will not explain, in case you think it is frivolous.

Anyway, we have a date for next Tuesday 25th for the Constitutional State of the Nation address.  Whether JDM will honor his promise to the people of Ghana is another matter. Read the rest of this entry »

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Dwarf Economics and Allied Services. Critical News, 16th February 2014

Posted by Business in Ghana on February 16, 2014

Sydney Casely-Hayford, sydney@bizghana.com

Whoever said we are a very religious country forgot to tack on that we are also a very superstitious country. Somebody’s cow floated its way into Nii Kukurudu’s Chorkor fishermen’s net, deceiving my Accra peeps that they were onto a bumper harvest.  When the net came up with a bull, the news spread faster than the renouncement of an imminent cabinet shuffle, which is on its way because JJ Rawlings has asked for one.

Digressing for a minute, JJ publicly suggested to the President that he might do well to appoint some new ministers, maybe replace the school boys and girls the NDC Government currently employ; those making high level ministerial decisions when they are yet to be certified by a university that they are capable of higher education.  It is well known that some key ministers are still being tutored for higher degrees, so technically we have some ministries in this country being run by recent graduates.

On this basis, for commonsense direction it sounds right to suggest a change of sorts, especially when the economy is under such scrutiny.  But when it kind of leaked that there might be a shuffle, the Government rushed to the media, shouting “gossipers” and gave up their common sense fix; because things are not going very well, the people can see it, they read about the corruption and smell the garbage on the streets at Kaneshie.  But this one was too “Rawlings” for them to take on board and too “Daily Guide” led to make a common sense decision, so they made a political one.  Deny! Read the rest of this entry »

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It Will Not Work Like This. Critical News, 8th February 2014

Posted by Business in Ghana on February 9, 2014

Sydney Casely-Hayford, sydney@bizghana.com

In secondary school, Accra Academy, 1966, one of our set books was King Solomon’s Mines, the narrative of Allan Quatermain, elephant hunter and explorer, and his adventures in the company of Danish man of action Sir Henry Curtis and Royal Navy officer Captain Good.

It made such an impression on all of us in the year group, we adopted names from the novel and assigned their characters to persons such as Scragga, the wicked bodyguard of King Twala.  Gagool, the witch doctor and chief advisor to Twala, was famous for being so ugly; and some persons found themselves on the wicked end of student humor throughout their five years.

But King Solomon’s Mines was significant for the use of “white mans” magic to mesmerise a more primitive community, displaying power and control over natural events, such as when a lunar eclipse conveniently presented itself to avert the sacrificial offering of the gorgeous Falouta.  Sir H. Rider Haggard’s novel was one of the best reads of our youth. Take a gander through the pages of King Solomon’s Mines from this link.

But what has been its significance in my life?  Acquiring knowledge to understand gullibility, ignorance and subservience by religion and poverty, why we hold on to mediocre existence in trepidation, scared of a return to a time when life was so bad, we gave up all and allowed Governments to take advantage of our docility.

I will borrow a quote sent by a friend because it is such a poignant phrase.  Winston Churchill. Read the rest of this entry »

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“I Command The Falling Cedi To Rise In Jesus’ Name” Is This A Bad Joke, Duncan-Williams?

Posted by Business in Ghana on February 2, 2014

Ben Ofosu-Appiah, Tokyo, JAPAN.

Only last week I wrote an article here on how we black folks sometimes allow our critical faculties, our ability to rationalize and think critically and have a pragmatic and scientific evaluation of facts and the evidence to be drown out by blind and unquestionable acceptance of things that defy reason and logic and are packaged and sold to us in the name of religion.

Everybody knows that the Ghana cedi has been in a free fall and the government has proven incapable so far in dealing with the situation. Investor confidence in the economy is low and business confidence in the country is reported to be at an all time low according to a recent report in the Daily Graphic.

The cedi has already depreciated by three per cent against the major international currencies this month. The US dollar, which sold at Ghc2.20 on the local foreign exchange market before Christmas last year, now sells at Ghc2.60. The British pound, which sold at Ghc3 now sells at Ghc4.20. The euro and CFA are also selling at Ghc3.50 and Ghc4.80 respectively. In 2013, the local currency suffered 17-per cent depreciation. The year-on-year depreciation shows a 21.96 per cent depreciation of the cedi against the dollar; 28.88 per cent against the pound sterling; 23.98 per cent against the euro and 25.54 per cent against the Swiss franc.

Read the rest of this entry »

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Enough Said, No More. Critical News, 2nd February 2014

Posted by Business in Ghana on February 2, 2014

Sydney Casely-Hayford, sydney@bizghana.com

On 31st January it rained.  Very hard for two hours.  Accra flooded, Ashaiman changed its streets to mud lanes, ditches and potholes sucked huge gulps of aqua divine and the trotros and taxis had a field day, breaking every road rule they have been stopped from executing with the recent police controls on streets and side walks.

Ashaiman has the enviable reputation of sneezing burning tires, terrorizing their Municipal Chief Executive, Okadas and energetic youth roaming the corners, picking and fleecing inattentive visitors who don’t understand the mixed culture of the community.

I wondered though if Lord nature had found a compassionate strand for Ghana this week, whether it was tears after hearing the truth from one of its apostles, Rt. Rev. Stephen Richard Bosomtwi-Ayensu, Methodist Bishop in Obuasi, and decided to irrigate Accra, not planning, like Mayor Oko Vanderpuye for the flood prone areas.

On a pulpit at the Obuasi Black Park to his congregants and fellow priests, Reverend Bosomtwi-Ayensu simply said enough of all this mess.  He was not angry at the town folk, he was angry at President folk.  The President is slow. It’s as if he and the Government are suffering from stroke. He seems so unconcerned about our suffering. Times are so hard and life is simply unbearable. He must wake up to realities and stop sleeping on the job”. Read the rest of this entry »

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