Of this $5 billion Ghanaians would only benefit in terms of tax revenue and salaries. Needless to say that economic neo-colonialism hasn't been eradicated. We sold the mines and we are selling the deposits.
Of this $5 billion Ghanaians would only benefit in terms of tax revenue and salaries. Needless to say that economic neo-colonialism hasn't been eradicated. We sold the mines and we are selling the deposits.
United Ghana 9 years ago
True. In any case $5billion, in the scheme of things, is peanuts. This is nothing to celebrate, except in petty minds like our neo colonialist leaders.
True. In any case $5billion, in the scheme of things, is peanuts. This is nothing to celebrate, except in petty minds like our neo colonialist leaders.
Saint Ghfuo: Nyantakyi must go! 9 years ago
GH. Sovereign Wealth Fund
*These Finance Ministers and politicians in Ghana must read these books.
*Book: "50years is enough", "Dying for growth: Global inequality and health of the poor".
*Govts must Invest in Health & E ... read full comment
GH. Sovereign Wealth Fund
*These Finance Ministers and politicians in Ghana must read these books.
*Book: "50years is enough", "Dying for growth: Global inequality and health of the poor".
*Govts must Invest in Health & Education for the poor = Higher GDPs for Ghana!
*Corruption Endemic in Africa: Corruption was set up by the colonial overlords who used their western style education to train Africans to be bureaucrats in the civil service. Thus propagating bureaucracy and corruption to favor the colonialists. This is why Boko Haram for example are livid with the corrupt, fiscal number changing, election ballot stuffing, nature of these western educated, african govt bureaucrats in. Will Boko haram end up in Ghana? Why not?
If the government can attempt to find solutions to these 3 issues. Things will be better. Instead, they engage in nefarious corrupt practices. Which prevents foreign investors from coming in becos there is stealing and no transparency in govt. So there is no money in the economy. So ghana now has to borrow the funds from imf, china etc and then these same corrupt Govts will steal that too! People like these must be jailed or shot dead!
*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!
ZX 9 years ago
Please cut ALL development aid to Ghana!
Please cut ALL development aid to Ghana!
J.Davis 9 years ago
OH YEA,EXPORT REVENUE FOR LAST YEAR ALONE AMOUNTED TO $5 BILLION.BUT WHERE IS THE MONEY,AND WHY ARE GOING TO THE RICH NATIONS,BEGGING FOR ALMS?THIS DOESN'T SOUND RIGHT TO ME.
OH YEA,EXPORT REVENUE FOR LAST YEAR ALONE AMOUNTED TO $5 BILLION.BUT WHERE IS THE MONEY,AND WHY ARE GOING TO THE RICH NATIONS,BEGGING FOR ALMS?THIS DOESN'T SOUND RIGHT TO ME.
Joe 9 years ago
With all these monies coming in, where does they go? Doctors, teachers, nurses and many workers are not paid for months, yet we have all these monies. Where does the money go? To Woyome and co. Time will tell.
With all these monies coming in, where does they go? Doctors, teachers, nurses and many workers are not paid for months, yet we have all these monies. Where does the money go? To Woyome and co. Time will tell.
Ama 9 years ago
Build a modern gold laboratory and Gold Refinery plus more Ghanaian emplioyed in the sector and Ghana will benefit more.Here in Ghana after more than 100years of mining , foreigners still occupy the op positions in mines.This ... read full comment
Build a modern gold laboratory and Gold Refinery plus more Ghanaian emplioyed in the sector and Ghana will benefit more.Here in Ghana after more than 100years of mining , foreigners still occupy the op positions in mines.This does not happen in most African countries that have the same foreign companies operating.
Awudu 9 years ago
Where is all this money you are preaching.Itis all stollen by corrupt Politicians.Amen
Where is all this money you are preaching.Itis all stollen by corrupt Politicians.Amen
EZEKIEL 9 years ago
Let's ADD VALUE to our mineral exports!
Just selling the RAW MATERIALS will NOT bring us DEVELOPMENT!! We create more job opportunities in foreign countries if we CONTINUE THE RAW MATERIAL EXPORT ALONE!!!!! Manufacturing... ... read full comment
Let's ADD VALUE to our mineral exports!
Just selling the RAW MATERIALS will NOT bring us DEVELOPMENT!! We create more job opportunities in foreign countries if we CONTINUE THE RAW MATERIAL EXPORT ALONE!!!!! Manufacturing....that's the Name of job-creation!!!!!
freedom&corruption 9 years ago
...AND WE GO BORROWING $900M...THIEVES
...AND WE GO BORROWING $900M...THIEVES
Bostonman redsox 9 years ago
being mismanaged and stolen by our government and foreign entities
being mismanaged and stolen by our government and foreign entities
JACOB 9 years ago
SAHME SHAME NOTHING TO BE PROUD ABOUT CHILD CONTINUE TO LEARN UNDER TREES, EVEN BASICS TOILETS, WATER IS A PROBLEM. TAKE A LOOK AT THE LEVEL OF ENVIRONMENTAL DAMAGE, CYNIDE IN WATER LEVEL
SAHME SHAME NOTHING TO BE PROUD ABOUT CHILD CONTINUE TO LEARN UNDER TREES, EVEN BASICS TOILETS, WATER IS A PROBLEM. TAKE A LOOK AT THE LEVEL OF ENVIRONMENTAL DAMAGE, CYNIDE IN WATER LEVEL
HisExcellencyFWD 9 years ago
if we can get $5b from only minerals why then must we go for loan from China $3b and $914m from the IMF, where does those monies goes?
if we can get $5b from only minerals why then must we go for loan from China $3b and $914m from the IMF, where does those monies goes?
daladam 9 years ago
IF GHANA MADE U.S $5BILLION ON MINIRAL
THEN PAY THE IMF MAFIA BACK THEIR SMALL CHANGE OF $114MILL AND SEND THEM THE HELL OUT OF GHANA NOW ,OR YOU STEP DOWN AND GO HOME
IF GHANA MADE U.S $5BILLION ON MINIRAL
THEN PAY THE IMF MAFIA BACK THEIR SMALL CHANGE OF $114MILL AND SEND THEM THE HELL OUT OF GHANA NOW ,OR YOU STEP DOWN AND GO HOME
Lord Tennison 9 years ago
What is happening to all these huge income flow?How are the revenues being utilized?
Why are we seriously submerged in economic and social deprivations despite all these?
Should the kids in the villages squat on pieces of w ... read full comment
What is happening to all these huge income flow?How are the revenues being utilized?
Why are we seriously submerged in economic and social deprivations despite all these?
Should the kids in the villages squat on pieces of wood and learn under trees?
Of this $5 billion Ghanaians would only benefit in terms of tax revenue and salaries. Needless to say that economic neo-colonialism hasn't been eradicated. We sold the mines and we are selling the deposits.
True. In any case $5billion, in the scheme of things, is peanuts. This is nothing to celebrate, except in petty minds like our neo colonialist leaders.
GH. Sovereign Wealth Fund
*These Finance Ministers and politicians in Ghana must read these books.
*Book: "50years is enough", "Dying for growth: Global inequality and health of the poor".
*Govts must Invest in Health & E ...
read full comment
Please cut ALL development aid to Ghana!
OH YEA,EXPORT REVENUE FOR LAST YEAR ALONE AMOUNTED TO $5 BILLION.BUT WHERE IS THE MONEY,AND WHY ARE GOING TO THE RICH NATIONS,BEGGING FOR ALMS?THIS DOESN'T SOUND RIGHT TO ME.
With all these monies coming in, where does they go? Doctors, teachers, nurses and many workers are not paid for months, yet we have all these monies. Where does the money go? To Woyome and co. Time will tell.
Build a modern gold laboratory and Gold Refinery plus more Ghanaian emplioyed in the sector and Ghana will benefit more.Here in Ghana after more than 100years of mining , foreigners still occupy the op positions in mines.This ...
read full comment
Where is all this money you are preaching.Itis all stollen by corrupt Politicians.Amen
Let's ADD VALUE to our mineral exports!
Just selling the RAW MATERIALS will NOT bring us DEVELOPMENT!! We create more job opportunities in foreign countries if we CONTINUE THE RAW MATERIAL EXPORT ALONE!!!!! Manufacturing... ...
read full comment
...AND WE GO BORROWING $900M...THIEVES
being mismanaged and stolen by our government and foreign entities
SAHME SHAME NOTHING TO BE PROUD ABOUT CHILD CONTINUE TO LEARN UNDER TREES, EVEN BASICS TOILETS, WATER IS A PROBLEM. TAKE A LOOK AT THE LEVEL OF ENVIRONMENTAL DAMAGE, CYNIDE IN WATER LEVEL
if we can get $5b from only minerals why then must we go for loan from China $3b and $914m from the IMF, where does those monies goes?
IF GHANA MADE U.S $5BILLION ON MINIRAL
THEN PAY THE IMF MAFIA BACK THEIR SMALL CHANGE OF $114MILL AND SEND THEM THE HELL OUT OF GHANA NOW ,OR YOU STEP DOWN AND GO HOME
What is happening to all these huge income flow?How are the revenues being utilized?
Why are we seriously submerged in economic and social deprivations despite all these?
Should the kids in the villages squat on pieces of w ...
read full comment