Oil revenue spending ineffective -- IMANI

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• The mask 9 years ago

  The economy is hitting many families hard and many have run out of ideas.
  
  Boachsoft Finance 2012 software, developed in East Akim Municipality (Akyem-Maase and Bunso) in the Eastern Region of Ghana and in Accra/Sakumono, i ...
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  The economy is hitting many families hard and many have run out of ideas.
  
  Boachsoft Finance 2012 software, developed in East Akim Municipality (Akyem-Maase and Bunso) in the Eastern Region of Ghana and in Accra/Sakumono, is helping many families across the globe to balance the family budget, amortize loans and save for the future.
  
  The next version is set to be released in December 2016. Use only the 2012 version.
  
  For more information on managing family finances read the following articles:
  
  blog.boachsoft. com

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• Saint Ghfuo: Nyantakyi must go! 9 years ago

  *Book: "Dead Aid" by Dambisa Moyo
  Every economist, African leader, finance minister must read this book!
  *Book: "why nations fail": an abundance of natural resources is a national curse!
  These nations with natural resource ...
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  *Book: "Dead Aid" by Dambisa Moyo
  Every economist, African leader, finance minister must read this book!
  *Book: "why nations fail": an abundance of natural resources is a national curse!
  These nations with natural resource wealth on average have worse financial economies than nations who don't. Why you ask? Weak institutions, corruption, bad governors, managers!
  *Ghana Sovereign Wealth Fund by Martin Skankar.....Norwegian Ministry of Finance
  What is "Dutch Disease"?
  1. 30% of proceeds from oil, gold, diamonds, cocoa revenues etc should be deposited yearly in a Ghana Sovereign Wealth Fund account, a national 401k. This money will never be touched by any govt, period! This money will be invested all over the world in socially constructive projects. Projects to be excluded can include chemical nuclear projects, environmentally disastrous projects, product based exclusions like tobacco, walmart(human rights abuses) will all be excluded. The ROI from this fund will be used to supplement infrastructure projects, free education etc...
  2. A National Gas/oil Tax: Tax Revenue on all consumer gas sales, tolls, solar, wind energy sales will be deposited yearly in a federally administered Highway Trust Fund to fund new and refurbishing roads and transportation initiatives. Add tax revenue from truck/4x4 sales for the list. List this fund on the gsx or in a mutual fund/bond. Flagstaff House will tap intl this Gas tax and match all funds ponied up by the respective regions/local govt. This is how Ghana can wean itself from poverty and begin to acquire wealth and economic sustainability. Borrowing, selling natural resources, corruption, non patriotic govts, no free public education, no healthcare for the people etc won't help Ghana!

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