Business in Ghana

We Understand the issues that make the News

Posts Tagged ‘John Mamaha’

Out of HIPC, into HIPC, Out of HIPC. Critical News, 12th October 2014

Posted by Business in Ghana on October 12, 2014

Sydney Casely-Hayford, sydney@bizghana.com

What a crazy week. And next week threatens to be even better. Is this good crazy or strange crazy? Can crazy get better or does it just mesmerize because we don’t understand the implications of future crazy?

A Deputy Director of Fiscal Affairs Department at the IMF, Sanjeev Gupta countered a Government statistic and declared us HIPC in one single response to a questioner and for a few brief days until the IMF chickened out and did some damage control we were back to HIPC, with a debt to GDP ratio pitched at 71%. Government had calculated its figure at 55%.

Now the program sensitive bureaucrats at the IMF have placed the figure at 56% and rephrased Gupta’s glib remark as their estimate for the end of 2015. Read the detail from here. (http://www.citifmonline.com/2014/10/11/imf-exonerates-govt-over-debt-to-gdp-controversy/)

This controversy has mega spine implications for the people at the IMF. Without providing numbers to show how he arrived at his 71% ratio, which I will try and justify or refute later in this article, I kind of accepted the figure, based on available statistics and the state of events in the country.

I do however think it is time to get clear reference points when we place these numbers in the public domain, especially when they can be alarming and even cataclysmic.

But as an aside, I wonder if Gupta will be sent to another division. Read the rest of this entry »

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

Gas From Nigeria At Your Own Peril. Critical News, 23rd March 2014

Posted by Business in Ghana on March 23, 2014

Sydney Casely-Hayford, sydney@bizghana.com

NPP presidential aspirant Nana Akuffo Addo back in the fray.  NDC Secretary General Asiedu Nketia starts plotting his demise even before the NPP followers have decided who will lead them.  Very presumptive on his part, but a good booster for Nana, I assume.

Announcing his intentions last Thursday, the seventy-year old Nana Addo says he will give this presidency thing another go.  NPP followers certainly think he packs one more thump at least, NDC probably hope not.

If it is a matter of age and experience against youth and what we are witnessing in Ghana at this time, I suppose the electorate will decide.  Certainly, the NPP will let us know very soon after they hold national elections whether their most suitable candidate is Nana.

Yet I wonder if Alan Kyeremanten will come any closer this time?  Whether the likes of Joe Ghartey will compete?  And if any new faces or some of the eighteen who jockeyed for the slot to succeed Kuffuor will come up again.

I suppose this time round the NPP feel confident they have identified and will close all gaps at the polling booths and maybe for the first time since we started voting in this country we will get a true and accurate vote. Read the rest of this entry »

Posted in Critical Weekly News, Sydney Casely-Hayford | Tagged: , , , , , , , | 3 Comments »

Tabular Presentation of Petitioners (NPP) Evidence

Posted by Business in Ghana on April 21, 2013

Following the initial affidavit filed by the Petitioners in the Voting challenge to President Mahama’s announced Presidential win, the NPP team filed amended figures on day 3, removing some of the non-critical elements of their case.  This table compiles all the changes and what evidence is affected including their conclusions from the adjustments.  It buttresses the case and is an important document to enable the non-number crunchers to appreciate the extent of the case.

CLICK THE LINK BELOW TO DOWNLOAD THE TABLES

Presentation of Evidence New Tables 1

Posted in Politics, Uncategorized | Tagged: , , , , , , , | 5 Comments »