Africa loses $34bn annually through corrupt practices - Report

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CTZ 11 years ago

not only in africa!!!!!!!!!!!

not only in africa!!!!!!!!!!!
ATSU, HO 11 years ago

VERY INTERESTING. WE ARE THE CAUSE OF OUR OWN WAHALA THEN ...

VERY INTERESTING. WE ARE THE CAUSE OF OUR OWN WAHALA THEN ...
TB JOSHUA 11 years ago

When you give low IQ black Monkeys the chance to govern themselves this is what happens, caos, stealing, corruption, ineficiency, ineptude, division, foolishness, stupidity.

Nothing will change in Africa until the white ma ...
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When you give low IQ black Monkeys the chance to govern themselves this is what happens, caos, stealing, corruption, ineficiency, ineptude, division, foolishness, stupidity.

Nothing will change in Africa until the white man returns.
SGT ANANI FIADZOE 11 years ago

THE WHITE MAN'S RELIGION HAS TAKEN AWAY OUR AFRICAN PERSONALITY. NOW EVERYTHING AFRICAN IS IS INFERIOR AND MUST BE SHUNNED. WE MUST ABANDON OUR CULTURE AND ADOPT EVERYTHING FOREIGN.

THE WHITE MAN'S RELIGION HAS TAKEN AWAY OUR AFRICAN PERSONALITY. NOW EVERYTHING AFRICAN IS IS INFERIOR AND MUST BE SHUNNED. WE MUST ABANDON OUR CULTURE AND ADOPT EVERYTHING FOREIGN.
insight to the bone 11 years ago

Ndc is now continuing to shoot itself in the other leg, not only have they succeeded in eroding the trust and confidence of the majority of their own supporters with the corruption and looting but also with their ongoing stup ...
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Ndc is now continuing to shoot itself in the other leg, not only have they succeeded in eroding the trust and confidence of the majority of their own supporters with the corruption and looting but also with their ongoing stupidity at the supreme court led by ayigbe idiot fool kwaseaba tsikata. Everybody knows their structures and various interest groups within the party especially the ayigbe are so diabolically evil and and anti developmental that if even archangel Michael led them they would still fail in every positive undertaking. the incompetence is not only destructive but will put a yolk on our necks we shall not be free of in the next 100 years. it took the Akans over 100 years to prepare and gain independence and they allowed the brits to saddle them with another group the ewes who were not on that level and never will be of social consciousness and developmental readiness so no matter what you do they are always in the shadows undermining every effort from the time of kotoka through to rawlings and now . how many genuine projects are being sabotaged and rubbished everyday , yesterday pepeni comes and says we should pay more for energy because of his deal with general electric and the kickback bribe he is taking instead of telling the people the truth that we could actually be paying less for energy than what we pay today . it is the agenda of this evil alliance to push us further into poverty so our people forget any dream of a standard of the 21st century . pepeni continue and you will soon have war
Nicholas J Bedzo 11 years ago

We have to blame the President with his loose administerations,and also
join the band of thieves.

We have to blame the President with his loose administerations,and also
join the band of thieves.
GHFUO, BE SERIOUS NOT PRIDEFUL! 11 years ago

Against that backdrop, Mr. Annan advised African leaders to be transparent in their expenditure.
CORRUPTION COURTS IN GH
WE NEED CORRUPTION COURTS IN GH.
THOSE IN THE PUBLIC SECTOR WHO HAVE BEEN CHARGED WITH CORRUPTION BY ...
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Against that backdrop, Mr. Annan advised African leaders to be transparent in their expenditure.
CORRUPTION COURTS IN GH
WE NEED CORRUPTION COURTS IN GH.
THOSE IN THE PUBLIC SECTOR WHO HAVE BEEN CHARGED WITH CORRUPTION BY THE POLICE/STATE WILL BE TRIED THERE.
MALAYSIA HAS A SIMILAR CONCEPT AND IT IS REAPING REWARDS.
ARREST THESE FOOLS, JAIL THEM UNTIL A HEAVY BOND/BAIL IS PAID. GATHER THE EVIDENCE AND TAKE THEM TO COURT. PUT YOUR FUCKING FOOT DOWN! CONFISCATE THEIR ASSETS AND PAY OFF THESE MISMANAGED PROJECTS WITH THE PROCEEDS FROM THE PUBLIC AUCTION.
THEN JAIL AND PUBLISH THEIR NAMES IN THE MEDIA. NAME AND SHAME THEM. NKWASIAFOUR! NOT UNDER MY WATCH!
AHA NA WO B3 DA!
the pressing immediate problems confronting the countRY GHANA ARE - no electricity, no water, rife in corruption, high incompetence levels, etc.
At the moment JOHN MAHAMA has NOT articulated any vision for the country and his governance. Ghanaians don't know what he stands for except his mere promises and lies.
For sustainable socio-economic development Ghana needs ACCOUNTABLE GOVERNANCE not mere promises without action as characterised BY MAHAMA'S "leadership".
GHFUO, BE SERIOUS NOT PRIDEFUL! 11 years ago

GH is losing about 34 billion dollars each year from tax evasion, secret deals and money laundering by multinational companies. DI WO FIE AS3M!

GH is losing about 34 billion dollars each year from tax evasion, secret deals and money laundering by multinational companies. DI WO FIE AS3M!
IDG 11 years ago

That is relatively small for the whole of Africa. In fact, we looses more than half of what we get . It must be at least 3digit figure in the billions.

That is relatively small for the whole of Africa. In fact, we looses more than half of what we get . It must be at least 3digit figure in the billions.
Kwaku 11 years ago

Just imagine what Ghana has lost under the P/NDC 25yrs rule.No wonder Rawlings and his friends are so comfortable.

Just imagine what Ghana has lost under the P/NDC 25yrs rule.No wonder Rawlings and his friends are so comfortable.
NII LARTEY NARTEY 11 years ago

Africa losing just $34bn through corrupt practices annually is laughably a huge miscalculation.

The real issue of Africa's loses is not in terms of physical cash but in terms of our natural and human resource which is not ...
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Africa losing just $34bn through corrupt practices annually is laughably a huge miscalculation.

The real issue of Africa's loses is not in terms of physical cash but in terms of our natural and human resource which is not measurable by any figure.

It's like the whole continent politically neo-colonized and the social economy hijacked by foreign intruders.
Kofi 11 years ago

This is just the amount lost through tax evasion, secret deals and money laundering by multinational companies. It does not include the losses you are talking about. It doesn't even include what the politicians steal.

This is just the amount lost through tax evasion, secret deals and money laundering by multinational companies. It does not include the losses you are talking about. It doesn't even include what the politicians steal.
Lorgo Ligri 11 years ago

Mr. Annan could have had a better impact if he told us this when he was UN Secretary General but chose to be quite, Why? He knows for a fact it will not happen, not now and not in the foreseeable future. It's like telling our ...
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Mr. Annan could have had a better impact if he told us this when he was UN Secretary General but chose to be quite, Why? He knows for a fact it will not happen, not now and not in the foreseeable future. It's like telling our leaders to come out in public butt naked. Corruption is in their veins and all that flows through them is the people's money. They'll not give it up today or tomorrow even if you can add yesterday to it. From birth to death, all they see and dream about is money and will not hesitate to kill and maine to have it. What we need in Africa is a total revolution in our educational systems. The need to reeducate our young ones to think country first. The young generation is our only hope. For you and me, tweea, it's like throwing a baseball size diamond on a playing field and telling us not to touch it. Kwaku Adjei mankanifuo, only the devil could stop us and you know he won't.
Okomfour Amanie 11 years ago

Busumuru, you are advising African leaders to be transparent. Transparent leadership indeed. May be other African countries but not in Ghana at this time.
I feel very sad for my country Ghana for the issue for transparent le ...
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Busumuru, you are advising African leaders to be transparent. Transparent leadership indeed. May be other African countries but not in Ghana at this time.
I feel very sad for my country Ghana for the issue for transparent leadership has been harped over and over again but present day Ghana is not ready for that.
Paul Amuna 11 years ago

The fact is, countries in the industrialised "North" do not rein in their companies even though they want us to believe they have a moral code.

In the UK alone, over 100 billionaires and countless millionaires have been f ...
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The fact is, countries in the industrialised "North" do not rein in their companies even though they want us to believe they have a moral code.

In the UK alone, over 100 billionaires and countless millionaires have been found to be stashing their monies away in offshore banks. Big business is not paying nearly enough tax. How can Google and Starbucks not pay any corporate tax e.g. in the UK? They connive with some of our leaders in Africa, bribe them so that they can continue to get away with 'murder', yet they are the same to accuse our leaders and governments of corruption!!!

The fact is, Africa is rich and if our resources were properly policed, utilised and invested for the common good, we should be loaning out to the likes of Spain, Italy and Portugal rather than forever being dependent on foreign aid.

You see what happened to Portugal once they had lost their grip on Angola? Angola is thriving and Portugal is on its knees. This is one of the countries the Osagyefo Dr Nkrumah once described as "even Portugal, one of the poorest nations in Europe claims to have colonies in Africa"! African Unity must mean power to the Union and a set of strict standards to be followed by all to ensure we get value for money and that our citizens are not short-changed. African are hard working and if our leadership and big business would only play fair, we would go a very long way in our developmental efforts.
AFRICAWATCH 11 years ago

Only 34 billion dollars for the whole of Africa?This figure is too low to be accepted as credible.Corruption in Nigeria alone run into billions of dollars.

Only 34 billion dollars for the whole of Africa?This figure is too low to be accepted as credible.Corruption in Nigeria alone run into billions of dollars.
Kofi 11 years ago

Even the example Mr.Annan gave about DR Congo deal about mining,the finance minister of drc,said,but we haven`t lost much.Ghana, about the gold deal to Iran some minister said its not true,so Turkey gover,has to take our gold ...
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Even the example Mr.Annan gave about DR Congo deal about mining,the finance minister of drc,said,but we haven`t lost much.Ghana, about the gold deal to Iran some minister said its not true,so Turkey gover,has to take our gold free?
Kwasi Atobrah 11 years ago

Why is this news? It's been going on for more than a century: colonialism, corrupt independence leaders; corrupt coup d'etat makers and military; corrupt multinationals aided by corrupt locals fronting for them. That's what ...
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Why is this news? It's been going on for more than a century: colonialism, corrupt independence leaders; corrupt coup d'etat makers and military; corrupt multinationals aided by corrupt locals fronting for them. That's what you get when you have weak institutions, weak leaders and an elite political class that lacks vision.
PROFESSOR THOMAS KUBI- McA 11 years ago

WE MUST OPEN THE LID =AFRICANS !!
COMMODITY TRADING IS PROBIHIBITED ==ASK MR PRESIDENT & COCOBOD ??? =====================================
PRESENTLY OUR COCOA ==GOLD== AND
COMMODITIES MARKETING ARE NOT EFFECT ...
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WE MUST OPEN THE LID =AFRICANS !!
COMMODITY TRADING IS PROBIHIBITED ==ASK MR PRESIDENT & COCOBOD ??? =====================================
PRESENTLY OUR COCOA ==GOLD== AND
COMMODITIES MARKETING ARE NOT EFFECTIVELY MARKETED BECAUSE OF LACK OF MANPOWER IN GHANA=WE CANNOT TRAIN OUR PERSSONEL AND POOR COCOA FARMERS =THE TRADING SYSTEMS = WE CANT TRAIN OUR OWN TRADERS= HENCE THE CHINESE ==THE AMERICANS==AND THE EUROPEANS==I HAVE BEEN THROWN OUT OF THE COMMODITY XCHANGE FOR THE PAST
40 YEARS ?? ASK COCOBOD
PROFESSOR THOMAS KUBI ( FOUNDER )
MARKETING AFRIKA FOUNDATION
WWW.CUSTOMERMETRO.COM

Africa loses $34bn annually through corrupt practices - Report

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