Ghana's Strategic Opportunity: Joining BRICS and leveraging Islamic finance for transformational development

This article is closed for comments.

Read Comments Comments (28)

  • The Spear 11 months ago

    Reason with your brain, and don't be a big, fat, arsehole! Who should consider joining stupid BRICS?

  • NDC INVASION OF GHANA. 11 months ago

    I DON'T KNOW WHY OUR ECONOMISTS CANT DESIGN A STRATEGIC CHANNELS THAT CAN MAKE GHANA A SELF SUFFICIENT COUNTRY WITHOUT ALIGNING OURSELVES WITH THESE BRICS, IMF, WORLD BANK ETC. SLAVERY CONTINUES BY JOINING THEM.WE ARE ALWAYS ...
    read full comment

  • So when shall we stop borrowing 11 months ago

    We must work hard to finances our projects instead of always go for loans,it's loan interest and documentation can do something better

  • Accranie 11 months ago

    Since It's Being Denied that Africans Like Ready Made Things. Let Us Explore Banking/Credit in The African Setting
    In the Classic Work Things Fall Apart, Mr Achebe Illustrated This Process in the Scene Where Okonkwo Procured ...
    read full comment

  • mohammed saeed 11 months ago

    Assalm,
    I write to comment on your intellectual article, is very inspiring, i suggest you try to link with the current government and also joined the propose national dialog forum to be organized by the current government. I ...
    read full comment

  • Ola Normann 11 months ago

    I agree with Dr Ali. This is a golden opportunity to get away from the old archaic western exploitative system

  • 123 11 months ago

    No BRICS. We are non-aligned, and that ends it. For Islamic Finance, the agenda was for Bawumia to win so they could push it through. Once Islamic Finance was adopted, the next agenda was to push Ghana into the Organisation o ...
    read full comment

  • Accranie 11 months ago

    This Form of Banking/Guarantee System Still Exist in Some Form(Trade Skill ApprenticeShip System)
    Gh./Africans in the Words of Prof. Lumumba Have A Proverbial Box Around Their Heads Within Which They Think and Apparently

  • Accranie 11 months ago

    Building and Scaling Allegedly Indigenous Ways&Systems Has Been PullDown from the Drawing Board, So The Ways Looks Quite Backward(Unattractive) Compared to Similar Ways&Systems of Other Civilizations(Who Found the Time for Ge ...
    read full comment

  • Enough is Enough 11 months ago

    Why should we join BRICS to leverage on their money?
    Should Ghana always be at the receiving end?
    South Africa got $500M for renewable energy and co. Didn't Ghana get over GHS 800B in the past government without BRICS? Whi ...
    read full comment

  • Enough is Enough 11 months ago

    God has blessed the US and their USD. Whom God blessed, no one can curse. No association, bloc or organization can easily fight them and win.
    The USD is managed by one country. So it can easily stand the rest of time as it h ...
    read full comment

  • Stephen 11 months ago

    Google and read about the Briton woods institutions and how it was created. USD is relevant because most countries around the world accepted it. The reverse can happen too. Anyway, are you talking geopolitics or financial str ...
    read full comment

  • Akwasi KB. 11 months ago

    No greedy politicians will take us to join any Nonsense setup only because they go about with the titles of Dr. Prof or whatever. Ghana remains a Non Allied country as you came to meet it. The gather and loot mentality is beg ...
    read full comment

  • Abbt 11 months ago

    Herr,Herr,herr.Please stop all those theoretical talk.
    Africans always want easy passage into development,why so?
    Various development models are there for us all to see. The American,Japanese ,Chinese,Singaporean models.Joi ...
    read full comment

  • Muji 11 months ago

    Instead of telling Ghana to work hard to generate enough revenue for the gap.the economist is tell us to go and borrow more

  • Stephen 11 months ago

    I agree with the writer. Great ideas, but I disagree with the idea of creating new institutions (National Islamic Finance House) to manage special finance operations such as the Islamic finance. This can easily be handled by ...
    read full comment

  • Mr Jon Reset 11 months ago

    You have given us only the benefits of joining BRICS etc
    What about the negative side?Please give us both sides so that we can make informed decisions.

  • Peter 11 months ago

    The main purpose of BRICS is to counter US economic and its currency the dollar dominance. Russia and China want to serve this interest and are wooing weaker nations to make up numbers. Even great India who is a member is ag ...
    read full comment

  • Mahma 11 months ago

    Islamic sharia, seriously?
    If you lack ingenuity, shut your mouth. No system will solve our problems except we as a people decide to work hard, innovate, and scale up saving and investment. There is no easy way out for deve ...
    read full comment

  • Fireman 11 months ago

    There is nothing religious about this, just say fund from the middle east bcos when you say Islamic in can be mistaken for something else. Just a word of caution.

  • Fireman 11 months ago

    We need to build our gold reserves that so that we can join bricks and to avoid the western monopoly

  • RAB 11 months ago

    Great idea

  • India is going back to dollar business 11 months ago

    Russia is using strategy to group more nations for his hiding third world war policy,so be careful

  • Macgordon Akosenaba 11 months ago

    We are talking about 42 combined EU and USA trillion dollars, youbwant to send us back to the Cuban days. LORD JESUS PROTECT. INDIA, SOUTH AFRICA, BRAZIL NEED AS MUCH WESTERN AID AS GHANA. POOR COUNTRY GOING TO BORROW FROM ...
    read full comment

  • Osei 11 months ago

    Joining BRICS?
    Very stupid idea from an idiot

  • Jacob 11 months ago

    Joining BRICS is certainly an attractive alternative to Ghana's present critical economic strangulation. The capitalist-controlled IMF.and World Bank have not helped us to fully develop our Resources. However, the critical re ...
    read full comment

  • Bazz 11 months ago

    All they know is to join this and that, it's time to be self reliant wai

  • Kassim Siaka 11 months ago

    I think it is about time Ghana adopts this Islamic banking system to leverage on the opportunities that comes with it.