Business in Ghana

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Posts Tagged ‘EOCO’

The Face of 2014. Critical News, 5th January 2014

Posted by Business in Ghana on January 5, 2014

Sydney Casely-Hayford, sydney@bizghana.com

We arrived in 2014, Fortiz announcing that they are now in pole position, 90% proud owners of Merchant Bank and will move in soon to start providing exemplary banking services to Ghanaians as we move into Better Ghana Banking, notwithstanding the appeal in court and the possible decision in Parliament’s emergency session next week.

Unfortunately, one young lady literally crossed over on Xmas eve and will not see what 2014 has to offer.  It was a sad moment, Patience Tetteh at Assemblies of God traditional night literally crossed over after the New Year vigil.  Patience “damirifa due”, you are a sad loss to many in the family.

Other than that and the fact that nothing works properly in this country anymore (oh, except for the Registrar General’s Department – there is some good work going on there), I wonder where we will dig up inspiration to manage another year such as what just ended.  Our President says 2014 will be an excellent year and we should look forward to rewards and great change.  Unless we do not want it and our demeanor does not show gratitude, he will hold back and not treat us to the goodies he has in store.  All is in place to take off from first gear and we will accelerate into 2014 and beyond.  First to fifth, straight. Read the rest of this entry »

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MAHAMA-nomics, Chooboi. Critical News, 22nd December 2013

Posted by Business in Ghana on December 22, 2013

Sydney Casely-Hayford, sydney@bizghana.com

We are trying to get our Government to actually do something about corruption instead of just talking their way out of a corruption tunnel.  The NDC Government cannot deny that they spent a lot of money in the run up to the 2012 elections.  In my opinion there has been no real explanation for where the money went.  There was some single spine, but a whole load more.  The Auditor general points to major expense in interest payments and other expenditure by Government, hitherto unexplained.

I will devote the last article of the year next week to a review of the Auditor’s report and more economic related matters.  I can’t understand why we are beating about the bush when we have such a powerful Presidency with powers to correct just about anything in this country.

As an example, John Mahama can ask all the ministers currently in government and who were part of moving the GYEEDA process onward without sensible due diligence to step aside while the investigation goes ahead.  Then he can ask the former minister of finance, Dr. Kwabena Duffuor to come and explain how he supervised the release of so much money without following due process at the Ministry, the Budget Office, the Controller and Accountant General’s office, the Ministry of Youth and Sports and the GYEEDA team; looked away when all this was happening. Read the rest of this entry »

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