Business in Ghana

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Archive for October, 2016

The Productivity Conundrum. Critical News, 30th October 2016

Posted by Business in Ghana on October 31, 2016

Sydney Casely-Hayford, thenewghanaian@gmail.com

It’s a political season, so we’re hearing a lot of the usual crap about the economy. Should we raise taxes or lower them? Negotiate trade agreements or abandon them? These are important questions, but they are not the central economic issue that we face today. Productivity is.

Many people keep asking me to state clearly what I think of the future of the economy of Ghana in combination with our politics, and at the expense of losing some readers, I put together some thoughts on the whys and the which way if we are to tread a new path.

If you ever read Dr Frimpong-Ansah’s (at one time Governor of the Bank of Ghana) book on the political economy of Ghana you will realize that he solution to our problems have never been very far from our doorstep. If Ivory Coast can show such dramatic success in a few short years, we have no excuse except poor and bad leadership. Ghana has been cursed with directionless leaders for too long.

We saw some productivity growth in the early independence days, and between 2000 and 2008 but it sputtered since then. What’s more, the prediction is that the productivity picture will get even worse in the decades to come, making it even harder to raise living standards. Read the rest of this entry »

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Dipolitics.Critical News, 16th October 2016

Posted by Business in Ghana on October 17, 2016

Sydney Casely-Hayford, thenewghanaian@gmail.com

The Krobo mark the passage of girls into womanhood by performing a series of rituals known as Dipo. Dipo rites have been practiced since the eleventh century, and their popularity has not waned despite modern intrusions into traditional Ghanaian culture. At the beginning of the Dipo ceremony, each initiate enters a ritual house, sheds her clothing, symbolic of childhood, and is dressed anew by her ritual mother.

And now the NDC government has really taken matters too far in their quest to remain relevant in Ghana politics. There is a video clip doing the rounds on social media with a young female naked in the tradition of a Dipo girl, dancing in front of a crowd in the month of October. Dipo is usually an April event and is not a solitary event showcasing a single female.

What makes this event so sour is the splash of NDC colours and paraphernalia as well as all the hangers around the young lady, displaying the party colours in the form of scarves, T shirts and any other attire they can find.

The question I asked myself? Where will this take the party and how many votes do they think will drift to the NDC party from this attempt to appeal to the voting public of Krobo culture and such an historical rite de passage? Read the rest of this entry »

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My Buhari Moment. Critical News, 2nd October 2016

Posted by Business in Ghana on October 3, 2016

Sydney Casely-Hayford, thenewghanaian@gmail.com

President Muhammadu Buhari called on Nigerians to give thanks to God and pray for the founding fathers as Nigeria celebrated her 56th Independence day anniversary. In his address to the nation in the morning, Buhari said today is a day of celebration for Nigeria as she achieved the most important of all human desires, freedom and independence, 56 years ago.

I am so blown away with the forthrightness and admission of problems yet to be resolved, but most of all I think that solutions so clearly isolated and addressed openly, sets the stage on the level platform with Magufuli of Tanzania and reminds me of Museveni before he became what he is today.

Africa needs leaders such as Buhari. We need the open governance and credible managers who see the task and the bottlenecks and who can put their heads together after they have properly functioning governments to resolve the rest of the discordants and make a platform for the youth who desperately need this vision.

When I was a much younger “pressure” youth, my grandfather always assured me that one day our generation will reap the rewards of all the fight for independence they were fighting and rest assured we would resolve all this in our time. Read the rest of this entry »

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