Business in Ghana

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Archive for May, 2015

Words With Matter. Critical News, 31st May 2015

Posted by Business in Ghana on May 31, 2015

Sydney Casely-Hayford, sydney@bizghana.com

I am watching the sketch artist on the sidewalk of Osu. There is a semi-circled crowd, every one of us caught in his gift as the creation comes to life with every stroke of his pencil. He is doing a simple drawing on two separate easels, side by side of each other.

He mimics every stroke on each one, equally dividing his attention to both of them so they all tow to life in tandem. His drawing is Oxford Street of Osu. The right easel is the right side of the road and on his left he captures that side, each easel showing the shops and fine detail the ordinary eye misses.

We glance up from the easel each time he makes a tiny revision and retains small detail; we with regular eyes murmuring how we missed the obvious.

But my attention is flitting from easel to the gorgeous damsel to my left, pretty beyond reality. Large eyes and luscious lips captured in an egg-shape face, which lights up each time she inhales in awe of the creationist, chatting animatedly to friends, used to her beauty, un-awed by this enchantment.

She herself is a fascinating statuette of proportions, a leg-length loose gown clutched in her left hand, failing to hide the figure beneath the dress. She is not immediately conscious of her allure, or maybe she is; every man in the half moon stealing glances even as they pretend to admire the creation unfolding before our eyes.

He is gifted by nature and she, our gift from nature; the two blending to demonstrate the wonder only a coincidence of nature can intermingle in a particular place such as we find ourselves. Read the rest of this entry »

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Charades in Acid. Critical News, 24th May 2015

Posted by Business in Ghana on May 25, 2015

Sydney Casely-Hayford, sydney@bizghana.com

This past week, we murdered a prominent politician, and our Finance Minister attempted a charade explanation of the economy.

Some sort of in fighting within the NPP created resentment and pent up sentiment that some person(s) decided the only way to settle this was to do an acid test on a human being. Gregory Afoko, brother to NPP National Chairman Paul Afoko was picked up by the police even as they investigate the matter. Some other person who could be his accomplice run away and has still not been found.

On his deathbed, Mr. Adams Mahama identified the two persons as his attackers.

Ghana has a history of political violence. We fought the British for independence, fought ourselves for independence and jailed, killed, maimed and deprived people of their livelihoods, all in the name of independence.

We also created a one party state in an attempt to annex all political control and in the after-process, staged a series of coup d’tats to show the world how confused we can be when it comes to violent democracy.

And all this violence has led to so much circumspection of our plight as a black people, we even turned lights off in Dansoman, where prominent actress, Yvonne Nelson, now famous for her #dumsormuststop night vigil was said to have been disconnected for illegally connecting her power supply. Read the rest of this entry »

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We Got Our Prostitute Back. Critical News, 17th May 2015

Posted by Business in Ghana on May 21, 2015

Sydney Casely-Hayford, sydney@bizghana.com

Why would anyone call you a prostitute because you are fed up with a persistent never-going-away erratic power supply? So you are tired and fed up with living conditions in the country, you decide enough is enough and call for a demonstration with your followers and that makes you a prostitute?

An apology is not even acceptable in the wake of the after-thought.

Why would anyone call you a “cannibal” because you disagree with the way energy supply is handled? What goes through a mind when you conceive the idea that you can skin your mother alive and use her skin to drum your success to the world?

What kind of an insulting mind should one have before you say things like this? Those are the words of children playing in the yard and teasing each other to see who can come up with the most diabolical description of gruesome to shock and awe friends and end up laughing at each other, especially at the loser, who must now concede and turn away from the most glib-mouthed child on the playground.

When you hear the acting chief executive of the National Youth Authority say this and even believes he is so sharp-tongued that he posts it on his face book page, you have to wonder the kind of leader he is trying to be. But Halidu Haruna and Ras Mubarak said this, and later did a radio circuit giving apologies of sorts. Read the rest of this entry »

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Batakari For My Jacket. Critical News, 10th May 2015

Posted by Business in Ghana on May 10, 2015

Sydney Casely-Hayford, sydney@bizghana.com

On Tuesday, 31st May 2011, I organized and hosted a program I called The BiG Debate. We looked at the issue of high bank interest rates and its impact on Ghanaian businesses.

At that time, with bank interest rates as high as 30% in some cases and spreads ranging between 12% and 15%, banks continued to make high profits despite the claim that non-performing loans were a restriction on their performance and a key reason for less lending.

But there were other related arguments suggesting that Regulators, Government, Borrowers of Funds, Lenders to the banking sector as well as Bank’s own weak accounting all contribute in large measure to the persistently high lending rates in Ghana. Clearly, our stuttering economy would benefit from lower borrowing rates in the market place.

How to intervene and trigger a downward spiral in favor of the borrower has eluded analysts, Government and Donors. The BiG Debate attempted to identify the intervention points and offer answers to Government.

Treasury Bill rates were at 10%, and the competing business of risk lending took a back-step while Banks diverted deposits into 91-day bills and quicker profit yielding trade.

Two years on, the T Bill rate is at 25% and the situation is worse now than it was then. Read the rest of this entry »

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Smart Pioto. Critical News, 3rd May 2015

Posted by Business in Ghana on May 4, 2015

Sydney Casely-Hayford, sydney@bizghana.com

KKD, we all know him as KKD, his real name Kwesi Kyei Darkwa, has been around in the news for a long time, but recently as the man who had sex with a young nineteen-year old teenager in the bathroom of “hotel Kuffuor”.

The young lady yelled rape, pulled back and finally closed shop completely. The Attorney General and her team thought to make a scapegoat out of KKD, (#celebritieswithimpunity) but they did not succeed. The Lord was on KKD’s side. And this weekend, with Christian family and friends in tow, KKD is heading for church to thank his God for delivering him from the clutches of the evil Marietta Brew Oppong and human justice, to once again purify himself to be forgiven of all manner of adulterous behaviour, past and present and move forward, erected as new.

The Christian faith allows for that and once cleansed you can go forth and commit new sins to be forgiven in the future, before Armageddon.

Our society is just as forgiving, so the community faithful, who see no reason not to allow KKD back into the fold, overlooking the fact that he has breached certain sensibilities of human morality, fornicating in a place with a lady, younger than his own children, are happy to accept him as a new person, as since Jesus offered himself on the cross.

But that is not the point. He has shown remorse and offered penance to correct what he did wrong and our society does not lug punishment alongside for too long. Read the rest of this entry »

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