Reverse ‘business-unfriendly’ tag on economy

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• Abeeku Mensah 8 years ago

  The truth about institutionalized economic reporting is that they are driven by three things: Industrialized nation not yielding on their status in the world and the rest be damned, the worlds populous nations like China, Ind ...
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  The truth about institutionalized economic reporting is that they are driven by three things: Industrialized nation not yielding on their status in the world and the rest be damned, the worlds populous nations like China, India, Indonesia, Mexico, Brazil, Nigeria, South Africa and others seen as labor markets and poorer nation, especially in Africa no one gives a darn because the era of scramble for Africa has been over for half a century or more period.
  From late 2007 till 2014 we saw USA and other developed nation borrow to their eyebrow to keep their economies going. Those world bodies and institution did not call those economies that are built on worthless paper IOUs as anything but temporary economic setbacks. Then came the economic crash or meltdown in much of Western Europe. In each of the incidents, what became clear was that they lived on worthless paper and economic gimmicks. Africa has sold its natural, mineral and human resources (tangible and measurable assets) at fire sale prices because rich nations dictate to Africa what price they are willing to pay for our goods.
  
  If China and India did not have 4 to 5 times the populations of the industrialized nations the so-called international agencies would not have taken them serious. China has developed via espionage, stealing intellectual property and trademark copyrights but the world still flock to China because of its potential customer base derived from its population. India started sending out its educated folks around the globe where they provided cheap labor; some have returned to India and became fronts for Western companies they worked for and acquired skills of labor exploitation. Investments in China and India are not driven by Chinese and Indians respectively but by multinational companies that buy raw materials from Africa but continue to ignore us on flimsy excuses. If Africa or Ghana is not business friendly and or are politically unstable how is it global companies are able to buy mineral, natural and human resources without a hitch?
  
  Ghana should not be tagged as unfriendly to business because we refuse to be colonized; Ghana should not be tagged business unfriendly because we do not have the disposable incomes that would allow for quick return on investments. Ghana should not be tagged business unfriendly because we do not have the population to support massive exploitation. In those African countries where exploitation take place rather easily, South Africa, Zimbabwe, and Nigeria's Biafra region and many others like Angola etc multinational companies flourish either by destroying the ecologies or through slavery and slave labor of African worker. Ghana is the ideal nation for investment but we will not do so via through brow beating or allow colonization.

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• Farmer 8 years ago

  Unfortunately Ghana became very business unfriendly over the last 10 years since I live here. Your reasoning might have some true points but has nothing to do with reality when it comes to DFI.
  
  Combine huge cuts in foreig ...
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  Unfortunately Ghana became very business unfriendly over the last 10 years since I live here. Your reasoning might have some true points but has nothing to do with reality when it comes to DFI.
  
  Combine huge cuts in foreign aid, non-performing export sectors Oil, Cocoa & Gold, the weakest currency in all of Africa, corruption on the rise and incompetent governments. How can an economy thrive under those conditions?

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