Business in Ghana

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Archive for October, 2014

Preventable Diseases. Critical News, 26th October 2014

Posted by Business in Ghana on October 26, 2014

Sydney Casely-Hayford, sydney@bizghana.com

I watched, parked at a corner at one of Adabraka’s side roads, waiting for a noisy taxi driver who had been honking behind me for the last kilometer, rushing off to where, only he knew. I am being very cautious on the roads these days. All I seem to do is attract the ire of some policeman, despite cheekily suggesting to my arrestors that I would rather be prosecuted by one of the more attractive traffic policewomen.

If you not have noticed them, I have. We have a lot of authoritative policewomen minding the busy intersections these days. They are geared well and a no nonsense attitude makes them even more interesting to the male dominated society in Ghana.

I am waiting for lights to change. In four police stations this coming week, arrested for talking on my phone, jumping a red light, speeding on the way to Winneba and not carrying my license, which I unsuccessfully explained had been taken away from me on the Legon road a few weeks ago.

Conspiratorially a few friends suggested that it could be coordinated, but I refute that totally.

Anyway, the taxi is crowding me and still honking for me to jump the lights. He believes they are not working. I turn the radio up louder, drown the honking and chill.

In frustration he overtakes to move ahead. There is an okada speeding through the side also honking his horn for his claimed middle of the road. Taxi clips him and sends the rider off the bike, into an illegally positioned kiosk on the pavement. The damage is catastrophic. The rider’s leg is broken, his bike runs into the major road, skids and runs under a Toyota Prado, dragging it a few meters before grinding to a halt in the back of a small Tico taxi. The collateral damage is another story. Read the rest of this entry »

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An Ebola Prayer. Critical News, 19th October 2014

Posted by Business in Ghana on October 19, 2014

Sydney Casely-Hayford, sydney@bizghana.com

And true to prediction, the past week was crazier than the week before. Before we could even get to grips with all the unraveling from the Brazil 2014 Commission of enquiry, whether the players have revolted or just simply see no reason to break off their talented occupations to attend lame-duck sessions after the money has been divvied and chopped off their backs, the incompetent triple inventors of dumsor (VRA, GRIDCO and ECG) hit us with a new load shedding program. One day off, one day on.

The energy problems are far from over. We can’t privatise Akosombo, but we can do something about ECG and GRIDCO. Yet this Government continues to deliberate on what it knows is the best solution for solving the crisis.

Instead of focusing on the proper solutions, we hear preposterous ideas such as a solar farm to generate 2,000MW of energy, offshore energy barges made in Turkey and this last one the construction of a 1,000 MW sea wave power production project in Ada in the Greater Accra Region.

We are considering sea wave technology, said to have been produced in Sweden and for the first time such technology will be deployed in Ghana.

The Rance Tidal Power Station located in Brittany, France (where the technical partners for the Ghana project are from) is just 240 MW in capacity and it is the first in the world.

South Korea’s Sihwa Lake Tidal Power Station with an installed capacity of 254MW is currently the single biggest tidal energy installation in the world.

A professional friend in the sector wonders how and what special factors will give Ghana a 1,000 MW of tidal energy and thereby become a quadruple of the largest in the world. Read the rest of this entry »

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Out of HIPC, into HIPC, Out of HIPC. Critical News, 12th October 2014

Posted by Business in Ghana on October 12, 2014

Sydney Casely-Hayford, sydney@bizghana.com

What a crazy week. And next week threatens to be even better. Is this good crazy or strange crazy? Can crazy get better or does it just mesmerize because we don’t understand the implications of future crazy?

A Deputy Director of Fiscal Affairs Department at the IMF, Sanjeev Gupta countered a Government statistic and declared us HIPC in one single response to a questioner and for a few brief days until the IMF chickened out and did some damage control we were back to HIPC, with a debt to GDP ratio pitched at 71%. Government had calculated its figure at 55%.

Now the program sensitive bureaucrats at the IMF have placed the figure at 56% and rephrased Gupta’s glib remark as their estimate for the end of 2015. Read the detail from here. (http://www.citifmonline.com/2014/10/11/imf-exonerates-govt-over-debt-to-gdp-controversy/)

This controversy has mega spine implications for the people at the IMF. Without providing numbers to show how he arrived at his 71% ratio, which I will try and justify or refute later in this article, I kind of accepted the figure, based on available statistics and the state of events in the country.

I do however think it is time to get clear reference points when we place these numbers in the public domain, especially when they can be alarming and even cataclysmic.

But as an aside, I wonder if Gupta will be sent to another division. Read the rest of this entry »

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Preparing To Sue Satan. Critical News, 5th October 2014

Posted by Business in Ghana on October 5, 2014

Sydney Casely-Hayford, sydney@bizghana.com

Reading through all the unfolding events at the National Students Secretariat this week, I had an epiphany. Why don’t we sue Satan for all the woes we are going through in this country?

Coming so soon on the back of the CHRAJ Commissioner’s wanton throw away of Government funds, the Brazil matters in camera and public and the education in corruption coefficients by the Ghana Football Association boss, I am convinced we are in spiritual entanglements.

We have been systematically bound in various forms of high-end incantations spiraling us down a path of permanent impiety. And this is after all the tolerance for many religious causes we have followed to ground ourselves in self-righteousness.

To issue the summons on Satan, the biggest challenge we have of course, is his address. Where do we find him? There is a place called Hell in Texas, USA; our equivalent in Ghana is right here in Accra in the Korle Lagoon.

But we could have a solution because fellow panelist Yaw Oppong on Citifm’s The Big Issue has rightly informed me that we can serve notice on Satan and his numerous agents as accomplices (I am not the only crazy one on the panel). We only need a list of the agents.

So I am asking Arch Bishop Duncan Williams, Anita De Sosoo, Kwaku Bonsam and the many others who cast out demons and bind evil in the name of the Christ to please send me a list of all the potential Satan Agents they know. Provided the street naming and house numbering is complete we should be okay. Read the rest of this entry »

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