Mr. Owiredu said the downturn in gold revenue drove a percentage point reduction in the share of gold in total mineral revenue for 2013, from 97.5 percent to 96.3 percent.
Alfred Baku, Executive Vice President of Gold Fiel ... read full comment
Mr. Owiredu said the downturn in gold revenue drove a percentage point reduction in the share of gold in total mineral revenue for 2013, from 97.5 percent to 96.3 percent.
Alfred Baku, Executive Vice President of Gold Fields’ West Africa Operations, has said mining investments are under threat as companies are cancelling new projects and closing mines due to pressure from price-dips, cost increases and higher taxes.
“Equity investors have become frustrated as miners have spent their money with little to show for it. Returns just do not warrant the risk. In reality, margins and returns from mining are in decline; operating cash flows are not sufficient to cover investments,” he said.
GHANABA 9 years ago
"Ghana’s export revenues from gold, bauxite, diamond and manganese in the period was US$2.143 billion, down from US$2.477 billion in the first half of 2013".
MY ONLY QUESTION IS:
SO WHERE DO ALL THESE BILLIONS OF US DOL ... read full comment
"Ghana’s export revenues from gold, bauxite, diamond and manganese in the period was US$2.143 billion, down from US$2.477 billion in the first half of 2013".
MY ONLY QUESTION IS:
SO WHERE DO ALL THESE BILLIONS OF US DOLLARS REVENUES GO TO? FOREIGN BUSINESSES OR SWISS BANK ACCOUNTS OF GHANA'S LOOTING LEADERS?
NO WONDER THAT STEPHEN ASAMOAH BOATENG "ASBEE" AND MANY OTHER GHANAIAN FUCKING LEADERS ARE FOLTHY RICH.
NO WONDER AN AIRPLANE LOAD OF SOLID GOLD BULLIONS RECENTLY INTERCEPTED IN EUROPE ENROUTE TO IRAN HAS MYSTERIOUSLY DISAPPEARED TO THIS DAY.
GHANA'S FUCKING LEADERS UNDERTAKE EVERY SINGLE NATIONAL PROJECT WITH FOREIGN LOANS AND AID, AND IT'S ONLY IN AFRICA THAT INCREASES IN PRODUCTIVITY ARE NOT RELATED TO INCREASES IN GOVERNMENT REVENUE.
WHERE DO ALL THESE REVENUES GO TO? FOREIGN BUSINESSES.
Tell us how the Govt Got in dollars 9 years ago
All this money and we are dead broke and borrow money to buy sanitary pads. Oh Ghana. Who gets that billions of dollars? the foreign companies? the clueless govt or who? Tell us how the money is distributed and who gets what ... read full comment
All this money and we are dead broke and borrow money to buy sanitary pads. Oh Ghana. Who gets that billions of dollars? the foreign companies? the clueless govt or who? Tell us how the money is distributed and who gets what in dollars not cedis.
G. K. Berko 9 years ago
Such is the fear many of us had with the drastic and continuing devaluation of our Cedi. To those rusty theoretical Economists who embraced the fall of the Cedi, this situation did not mean much. They probably did not consid ... read full comment
Such is the fear many of us had with the drastic and continuing devaluation of our Cedi. To those rusty theoretical Economists who embraced the fall of the Cedi, this situation did not mean much. They probably did not consider this to advise our Authorities to do better.
When any currency drops in value and the Country using it fails to increase productivity immensely, the Nation loses revenue. Period. We were supposed to expand our production of various exports to compensate for the fall of the Cedi or we would surely suffer shortage of earnings. This is what many folks feared. And now we are living it.
I wonder what specific inducements the Government offered our local Enterprises to help them produce more to take advantage of any increase in demand for our lower-priced goods and services.
If we do not produce enough to cover that fiscal adjustment, we stand to lose big time. It is that simple. So, either the BoG finds a way to boost our Cedi's value, or we are encouraged to expand our productivity in the very shortest period. We cannot afford to sell our goods cheaply and not make any significant gains in the overall revenue cumulated. If our productivity has soared but we do not have the appropriate Market response to gain, we may have to advertize more, negotiate for better access to Markets, etc.
Mr. Owiredu said the downturn in gold revenue drove a percentage point reduction in the share of gold in total mineral revenue for 2013, from 97.5 percent to 96.3 percent.
Alfred Baku, Executive Vice President of Gold Fiel ...
read full comment
"Ghana’s export revenues from gold, bauxite, diamond and manganese in the period was US$2.143 billion, down from US$2.477 billion in the first half of 2013".
MY ONLY QUESTION IS:
SO WHERE DO ALL THESE BILLIONS OF US DOL ...
read full comment
All this money and we are dead broke and borrow money to buy sanitary pads. Oh Ghana. Who gets that billions of dollars? the foreign companies? the clueless govt or who? Tell us how the money is distributed and who gets what ...
read full comment
Such is the fear many of us had with the drastic and continuing devaluation of our Cedi. To those rusty theoretical Economists who embraced the fall of the Cedi, this situation did not mean much. They probably did not consid ...
read full comment