Business in Ghana

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Posts Tagged ‘Imani’

Pension Lotto Numbers. Critical News, 2nd November 2014

Posted by Business in Ghana on November 2, 2014

Sydney Casely-Hayford, sydney@bizghana.com

My lights stayed on for two weeks. Productivity soared for the period and I caught up with so many deliverables and deadlines I walked to and from the office, chest puffed with confidence, a grin on my face, that I could make promises and not excuses to clients with the proverbial “dumsor”. I was in work heaven and the angels of kilowatts were singing a tune I liked.

Not even in my youthful exuberant days did I so relish the perfection of deliverable success. I was on the phone boasting to clients and bringing dates forward with confidence.

I have no plans to buy a generator because the triangle of incompetents at ECG, VRA and GRIDCO cannot do a simple thing like keeping energy consistent after so many years and so much price hike.

I steadfastly hold on to the belief that one day ………!

Then they “dumm-ed” the power. On Saturday when I was on my way to Citifm to discuss the big Issues of the week, they flipped the switch. After I had planned a speech of praise, they sneaked to the transformer and triggered a dumsor-message through the circuits, traveling so fast, I did not see it coming.

In the middle of printing vital research about the pensions matter, my printer stopped with a piece of paper between its teeth, swore a huge protest and went silent.

Thus ended my energy dawn. I had tasted working in a power flowing state, competing to the best of my intellect against other professionals whose advantage is not that they know more, but because they have consistency in the tools needed to deliver well researched reports and projects on time. Read the rest of this entry »

Posted in Critical Weekly News, Sydney Casely-Hayford | Tagged: , , , , , , , , , | 1 Comment »

IMANI Report:  Electricity Privatization Conundrum- ECG is NOT for sale

Posted by Business in Ghana on August 4, 2014

Ghana has concluded agreements with the Millennium Challenge Corporation (MCA) for a $500m investment in Ghana’s energy sector. Specifically in the electricity sector, intense private participation is a requirement for drawing down the funds. Unfortunately given Ghana’s history of badly managed privatization deals, some rightly, are speculating the deal is an outright sale of ECG. This report is a complete evaluation of the agreement and the entire process which when aptly executed will revamp the electricity sector and help alleviate the challenges confronting the country in its energy sector. It provides in brevity the conditions in the MCA in relation to the second phase of the compact agreement and the expectations for disbursement of funds. Read the rest of this entry »

Posted in Energy, Franklin Cudjoe | Tagged: , , , , , | 2 Comments »

The EPA Is In Alignment With The Development Agenda Of Ghana

Posted by Business in Ghana on May 10, 2014

Franklin Codjoe, IMANI Ghana

As many Ghanaians await the follow up meeting to the meeting with the ECOWAS Heads of State on the subject of the Economic Partnership Agreements (EPA) with the European Union (EU), the position of Ghana and the entire ECOWAS region remains unclear. As was highlighted in the previous IMANI report (http://www.imanighana.com/2014/04/imani-report-evidence-based-support-for-ghana-to-ratify-the-epa/), the decision of whether to ratify the Regional EPA or not, impacts mostly Ghana, Nigeria and Cote D’Ivoire. Of these three, Nigeria has categorically opposed signing the EPA ‘as is’, and Cote D’Ivoire’s has signed the EPA with a strong indication that it will ratify before the deadline of October 1, 2014.

President Mahama’s Views on the EPA

Ghana’s position on the EPA is clouded with ambiguity, even at the level of the Presidency with vague assurances, such as ‘Ghana will continue to play a facilitating role in the signing of the EPA…’[i], ‘[Ghana] will not hasten to append the country’s signature to the Economic Partnership Agreement (EPA) with the European Union (EU)…any decision that we eventually take, which I [the President] assure you, will be in the best interest of Ghana’[ii], and ‘it will be disastrous if we implement the EPA unilaterally as individual countries…Ghana is in favour of the negotiation of a sub-regional EPA’[iii]. Unfortunately, the President has only managed to convey that, Ghana will dance to the tune of the ECOWAS region, whatever the decision may be. Read the rest of this entry »

Posted in Franklin Cudjoe, Trade and Industry | Tagged: , , , , , , | Leave a Comment »

What Can Previous Booms Tell Us About the New Oil Boom?

Posted by Business in Ghana on December 25, 2010

Courtesy of IMANI-Ghana (www.imanighana.org) & www.AfricanLiberty.org

Ghana’s turnaround after nearly two decades of military misrule began with the reforms of the late 80s.

Though, today, many consider these reforms – driven mainly by the so-called Bretton Woods institutions – to have achieved next to nothing in terms of socio-economic transformation, even their worst critics agree that at the time they were an essential element in the process of arresting Ghana’s terminal decline. Read the rest of this entry »

Posted in Financial Services, Franklin Cudjoe | Tagged: , , , , , | 1 Comment »

Ghanaian Technology Enterprise Boosts Africa in Prestigious Global Contest

Posted by Business in Ghana on November 14, 2010

After pitching their security innovations to a panel of judges before a live audience of investors, industry, government, VCs and peers, mPedigree and iWebGate have been awarded prize packages totalling $500,000. This followed a rigorous selection process lasting months, in which hundreds of hopeful innovative companies were narrowed down to 7 contestants in a climactic showdown at the University of London. Read the rest of this entry »

Posted in Franklin Cudjoe, Science and Technology | Tagged: , , , , | Leave a Comment »

A Snap shot of the World Bank and IMF Annual Meetings: How to achieve a world without poverty!

Posted by Business in Ghana on October 18, 2010

By Franklin Cudjoe, Washington, D.C., www.imani.org

The World Bank and the IMF have not had many friends in the developing world since post-Structural Adjustments days, when their advice and interventions, largely backed by aid yielded slow and negative growth.  It is the case though, that dealing with the two Bretton Woods institutions is like loaded dice. In one breadth they provide you with advice, and then in another, they continue to support countries that fail, even when their failure did not originate from bad advice, but essentially rooted in disrespect for the most basic institutions needed to effect real change.

Take Ghana, for instance.  Not all the IMF and World Bank’s involvement in our mostly self-inflicted tottering economy in the 1980s come to doom and gloom? There were significant gains, which could have been used to diversify our agrarian based economy- yet we watched politicians splurge most of the gains on the 1992, 1996 and 2000 general elections. And just when our strangling debts were paid off, with a promise to ‘taking off’ into the middle income bracket, we watered down the gains again in 2008, with a world record deficit of almost 20% to GDP- mostly incurred as a result of light-speed spending, mainly outside of the budget and ostensibly to chase political votes. Read the rest of this entry »

Posted in Financial Services, Franklin Cudjoe | Tagged: , , , , , , , , , | 2 Comments »