Ghana, Norway to extend “Oil for Dev’t Programme”

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• JACOB 9 years ago

  THE NORWAYGIAN GOVERNMENT SHOULD MAKE SURE MONEY GOES INTO EDUCATION, TECHNOLOGY, RESEARCH AND DEVELOPEMNT IN THE OIL INDUSTRY TO AUGMENT THE CURRENT DEFICIT IN HUMAN RESOURCES AND CAPACITY BUILDING

  THE NORWAYGIAN GOVERNMENT SHOULD MAKE SURE MONEY GOES INTO EDUCATION, TECHNOLOGY, RESEARCH AND DEVELOPEMNT IN THE OIL INDUSTRY TO AUGMENT THE CURRENT DEFICIT IN HUMAN RESOURCES AND CAPACITY BUILDING

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• naf 9 years ago

  my bro i day ur back

  my bro i day ur back

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• Saint Ghfuo: Nyantakyi must go! 9 years ago

  FACT: AID WONT STIMULATE GROWTH.
  FOREIGN AID HAS PROVEN TO NOT BE AN ARDENT STIMULATE OF GROWTH FOR ANY LOAN/AID DEPENDENT NATION. LOOK AT THIS MONKEY TEPKER ACCEPTING the imf loan like a monkey accepting banana with a smil ...
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  FACT: AID WONT STIMULATE GROWTH.
  FOREIGN AID HAS PROVEN TO NOT BE AN ARDENT STIMULATE OF GROWTH FOR ANY LOAN/AID DEPENDENT NATION. LOOK AT THIS MONKEY TEPKER ACCEPTING the imf loan like a monkey accepting banana with a smile on his face. Mahama should spend a core of the loan on energy/dumsor. Then send the rest on empowering the judiciary and law enforcement to tackle corruption, smugglers, fraudsters, cheats and liars in the public sector, tax evaders.
  
  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!

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• Say the Truth 9 years ago

  WHY SHOULD NORWAY WASTE THEIR RESOURCES ON THE CURRENT MANAGEMENT OF GHANA - NDC THAT IS FULL OF THIEVERY AND STUPIDITY????
  
  THEY WILL NEVER PRACTICE THIS "BEST PRACTICE" OF OIL MANAGEMENT THAT WOULD BENEFIT THE COUNTRY IN ...
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  WHY SHOULD NORWAY WASTE THEIR RESOURCES ON THE CURRENT MANAGEMENT OF GHANA - NDC THAT IS FULL OF THIEVERY AND STUPIDITY????
  
  THEY WILL NEVER PRACTICE THIS "BEST PRACTICE" OF OIL MANAGEMENT THAT WOULD BENEFIT THE COUNTRY IN GENERAL AND FUTURE GENERATION!!!
  
  THEY DON'T WANT TO INVEST/SAVE SOME OF THE OIL RESOURCES ON A RAINY DAY FOR THE FUTURE GENERATION!!
  
  BY THEIR STUPIDITY - THEY PREFER TO GO ON A MARATHON HUGE BORROWING RIGHT NOW TO CHOKE THE NATION OF HUGE DEBT MEANWHILE ALL THE LOANS ARE GOING FOR PROJECTS WELL OVER-ESTIMATED AND OVER VALUED WITH THE THIEVERY CUT/GAINS AT THE SAME TIME GETTING SHODDY WORK DONE THAT WOULD NOT LAST OR BE SUSTAINED EVEN FOR THE NEXT 5-10 YEARS (ROADS & INFRASTRUCTURE DEVELOPMENT NOW GOING ON)!!!!!
  THEY DON'T KNOW OR HAVE THE PATIENCE TO SAVE SOME RESOURCES/REVENUE TO BUILD UP THE CAPITAL NEEDED FOR FUTURE DEVELOPMENT....ALL THEY KNOW IS TO GO FOR LOANS FOR EVERY DEVELOPMENT NO MATTER HOW THAT WOULD BE VIABLE FOR ANY PAYBACK OR PRIORITIZING IN SUCH A WAY THAT DEVELOPMENT OF THE "CASH COW - RESOURCES PRODUCING AREAS ARE DEVELOPED AND MAINTAINED TO GIVE THE NEEDED RESOURCES TO PAYBACK LOANS ACQUIRED!!!!!
  IT IS A PATHETIC TO HAVE SUCH MEN IN CHARGE OF THE NATION RIGHT NOW!!!

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