Business in Ghana

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Posts Tagged ‘Decentralisation’

Oh Dear, Oh Dear JDM. Critical News, 18th November 2012

Posted by Business in Ghana on November 18, 2012

Sydney Casely-Hayford,

This has not been a comfortable week.  We lost a humble man in Aliu Mahama and we buried him as a Statesman.  Aliu, damirifa due.  May your soul rest in peace.

I am niave, and I have to accept that a good education and decades of foreign exposure can be a handicap in ways.  I hit this point last week, when I read that some persons in the NPP stronghold of Kwabre East constituency in the Ashanti Region were selling their ID cards to buyers of the NDC opposition for fifty cedis a pop.  For some time now, I have asked friends, family and any strangers I can catch in a conversation, why we are all worried about the voters register because there is a verification system that will check any fraudulent id cards.  I kept analyzing that even if you load the polling register with fictitious names, you must on voting day provide fictitious fingers with id cards to match.  Because fingerprinting is unique, you cannot beat the system, which is true.  Even if you bring children whose id cards say they are 18, on voting day, they are alone and can be quizzed by polling agents, so there is a built-in check at the point of stamping your vote.  But I have now learnt that you can increase your vote by buying down the opposition’s vote.  And I do similarly all the time in financial analysis.  I advise clients that you increase your profit by either increasing your price or reducing your costs.  Which is why Kwabre East has opened my naïve mind.  I did not make the cross over into local politics.  If you can keep the voter away from the booth, of course, they get fewer votes.  For those of you who see this as simple, believe me, I did not think about it that way.  One up for local content. Read the rest of this entry »

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Looking Forward to a Forward Looking Budget

Posted by Business in Ghana on November 14, 2011

By Sydney Casely-Hayford,

This year’s budget must focus on generating enough revenue to meet our expenditures and more.  The 2011 budget targeted ghc10.6billion in revenue, adjusted in August with an supplementary ghc1.3billion to the end of the year.  On the flip side, expenditure was planned for ghc12.7billion and supplemented with ghc0.9million. This reduced the budget deficit gap by ghc0.5billion, leaving a financing gap of ghc1.5billion.  We plan for our friendly donors to help us finance the deficit.

This year must be different.  We have a lot more with which to plan. Read the rest of this entry »

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