Business in Ghana

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Posts Tagged ‘Pink Sheets’

World Bank Stirs Truth In Contempt. Critical News, 7th July 2013

Posted by Business in Ghana on July 7, 2013

Sydney Casely-Hayford, sydney@bizghana.com

I had two could be catastrophes last week, worth mentioning.  Before I get there though, I just want to say that the Ashaiman Municipality responded very swiftly to the call for repairs to the major roads in the area.  Not only did they grade and smooth over the crinkles and pot holes in the towns, they also forethought to water down the dusty roads all last week, eliminating the Sahara swirl and saving us the pain of walking with handkerchief-covered mouths as if we would soon have to conform to some new form of Sharia.  The Ashaimanese put Jah in their stride, with a calm confidence, that their message is clear and life will remain normal till they determine otherwise, as close as you can get to an Egypt uprising in Tahir Square and even as I heard many people condemning the Ashaiman riot I wondered whether the bigger wrong is not that of Government.  After the riots, they found the money to engage a contractor to fix the road.  What was the mindset previously when all this was so visible?  It is the same with all Government machinery.  Platitudes deftly layered with pretentious care in a mold of financial distress.  Ashaiman showed that there is a limit to civil engagement. Read the rest of this entry »

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Ashaiman Rising, Heroes Faltering and KPMG Confused. Critical News, 30th June 2013

Posted by Business in Ghana on June 30, 2013

Sydney Casely-Hayford, sydney@bizghana.com

Monday 24th, I set out to a day’s work in Ashaiman.  This weekly ritual since October last year has made me a virtual resident in the Municipality.  But just at the Accra side of the motorway, I answered a friendly call from a cautionary voice.  “Best not to come all the way to the end of motorway; turn off at Abattoir and come round Adjei-Kojo”.  Moments later, “change the plan, stay away from Ashaiman today, lets meet tomorrow instead, Ashaiman is on fire!”

The week before, I arrived at the Ashaiman spur just at the end of the motorway and circled round as usual into the straight entry into Ashaiman.  Unlike other days, the traffic was light and free.  The usual trotros and long haul vehicles were parked on the sides and there was a gathering to the left of the approach, where an open space with fitter shops (the traditional flooding ground in the rainy season) was hosting the Ashaimanese (I like this label, sounds very Burma primeval-forest-tribe-like, don’t you think?) driving community.  I moved on quickly, conscious of the meeting time and grateful that for once I would not have to make excuses for the traffic and Goro boys who come close, yet never fender-bend, deftly turning, confidence carved from experience. Read the rest of this entry »

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Before Election Results Are, Pink Sheets Is. Critical News, 16th June 2013

Posted by Business in Ghana on June 16, 2013

Sydney Casely-Hayford, sydney@bizghana.com

Citizen Vigilante had his day in court, Citizen Vigilante won his day in court.  Martin Amidu took his case against Waterville and Woyome and in no uncertain terms, the Supreme Court gave its ruling and clawed back $47million.  Even though they deferred to the lower courts to decide on Woyome, they fired a critical salvo against lawyers in the cases, Peasah Boadu for Waterville, Osafo Buabeng for Woyome, Tony Lithur for Austro Invest and maybe Ekow Awoonor who acted as sole mediator between parties with then AG Betty Mould Iddrissu.  They referred matters to the Legal Council and we expect some action.  I am thrilled that perhaps this is a signal to Ghanaians that our Supreme Court has found wings to cleanse the timidity stigma, asserting their self-ruling judgment in contrast to lugging government wishes.  Two things.  The Supreme Court restoring confidence in its independence and Martin persevering to the end and securing the verdict that all were skeptical the Supreme Court would scupper.  So after I heard this, I wondered if President Mahama talking to his NDC family, which is no big deal, could upset the Judges, making them think he was trying to influence their decision.  Might they rather tow a hard line, slighted by his presumptiveness and belittling their intelligence? Read the rest of this entry »

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