Business in Ghana

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Posts Tagged ‘Dead Goat’

All Dead Have Died. Critical News, 19th April 2015

Posted by Business in Ghana on April 20, 2015

Sydney Casely-Hayford, sydney@bizghana.com

NPP Presidential aspirant Nana Addo was on radio during the week. He chose Kwabena Duffuor’s Starr Fm, with Bola Ray as his significant other interviewing half to bare his soul a bit and also attempt some demystification of what happened in 2012, the election, the petition, and the eventual verdict, which some of us are still digesting.

I don’t believe the NDC won any election in 2012. Even with the bloated register and the padded numbers in the Volta Region, you can’t win an election on performance like we had. I stand firm that the Ghanaian voter has a bit more sophistication than what we see from the pink sheets and eventual results.

Until we do what Nigeria has done and go totally clean register and fully biometric, the results will never be acceptable. It is not impossible to mimic Nigeria; our politicians don’t want to do it in Ghana.

But if you missed the interview and write-ups in print, sorry. It carried in the Government media as well and I have to say I am beginning to see persons with spine reporting truth rather than propaganda. That public press seat cannot be easy, especially when your sector minister particularly skews stories to incredulity.

Nana Addo says he could have done more to explain “all die be die”. Well, with elections dearly departed, verdicts buried and goats now dead, it is a bit too late and Ghanaians are paying the price. Read the rest of this entry »

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Dead Goat Reload. Critical News, 5th April 2015

Posted by Business in Ghana on April 5, 2015

Sydney Casely-Hayford, sydney@bizghana.com

It is always refreshing and invigorating to step back in history to remember some of the important things which shaped our future and might have made us totally different persons had we only be minded to think critically of what we set out to be.

During the Limann PNP administration in the run up to that stupid 31 December coup, we missed so many opportunities to correct significant aberrations in the constitution and what we could have prevented at the time.

Fogged with so many perils soon after it took up government and with severe economic downturn, inflation running at 70% and more, a result of military adventurism with no purposeful agenda than to maim persons out of personal vendettas within the armed forces, Hilla Limann and his team had so much chance to correct so much.

I remember a very good friend Ato Austin was expelled from the youth wing of the PNP at the time because he suggested on an open platform that Government should not, in the face of severe economic hardship, devalue the currency.

Accused of leaking party secrets without authorization and raising alarm in society on delicate matters pertaining to the economy, he rebelled and later made a name for himself for single mindedness and forthright talking.

My favorite “missed” opportunity though, was on the appointment of an Ombudsperson, which would be the CHRAJ job today, of Mr. S O. Gyandoh, at that time a lecturer at the Ghana Faculty of Law.

At his vetting, Mr. Gyandoh said he was not aligned to any political party and therefore would do his job impartially and without favor to anyone and on any party lines. He said he would do a professional job as befits the legal practice worldwide. Read the rest of this entry »

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In A Bad Mood-y. Critical News, 22nd March 2015

Posted by Business in Ghana on March 22, 2015

Sydney Casely-Hayford, sydney@bizghana.com

I was a reluctant walker up McCarthy Hill this morning. Very tired from a late night blitz, after one bottle of Guinness and some “rice and plasas”, I traipsed home to the now inevitable “dumsor” and lived with the gloom of a life I did not ask for but choose to be in.

Tired legs and an aging body, both conspirators in the endless dedication to keep me unhealthy, that I get sick so I might die young, but not till my work on this planet is completed and I move to Mars.

I have great hopes that Mars will be habitable by the time I am too old. It takes 150 days and 55,757,930km to reach, which means I am out even before I start the journey. I can only hope they find me a burial spot there, and since we Africans are not capable of creating an Awudome on that planet, I will have to contend with Arlington cemetery without US Citizenship.

So international rating agency Moody’s has been creating havoc for this government for quite some time. This past week, we have been downgraded from B2 to B3 and classified negative. To the non-financial person on the street, what this means is it will cost us more in interest rates and with tighter conditions if we attempt once again, which we are determined to do in May this year, to borrow another $1billion.

We have bonds falling due. The first is in October this year for $531million and the next two, in 2023 and 2024 for $1billion each. Finance Minister has put forward a refinancing plan to Parliament for approval and a cursory look at the document confirms much of what we say every time. Read the rest of this entry »

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