AGI wishes business community productive 2015

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• The mask 10 years ago

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  Many families are saying that blog.boachsoft.com is the most helpful family finance resource they have ever come across.

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• Mahmoud 10 years ago

  The so-called professor that tried to embellish Nkrumah's economic record needs to go to School all over again. These types of socialist arguments could deceive Ghanaians in the 50s and 60s but, they cannot do so now. Nkrumah ...
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  The so-called professor that tried to embellish Nkrumah's economic record needs to go to School all over again. These types of socialist arguments could deceive Ghanaians in the 50s and 60s but, they cannot do so now. Nkrumah was the first leader to introduce unsustainable debt into this country by borrowing massively and unnecessarily to finance his whims and caprices. It was a misfortune that we had such a person as president immediately after the independence. He didn't lay a realistic economic foundation for sustainable development of the young nation at all, considering the amount of money that was at his disposal in those days.
  
  Ghana had about one billion dollars in reserve when Nkrumah took over the reins of government from the colonial master. Could you imagine what the value of 1bn dollars was in the early fifties? Again, after 2years of his rule, cocoa prices at the world market rocketed and increased four-fold. But contrary to any sound economic planning, he did not reserve any fraction of the windfall for a rainy day as the Whiteman had done with only one fourth of the revenues he got from cocoa. So, what did Nkrumah do with all the revenue he got from the astronomical cocoa prices, and the big reserve he inherited that took many years to build for our financial stability and sustainable development?
  
  The man just went on a spending spree both in Ghana and around the world, throwing his weight about and talking big. So when the cocoa prices fell close to the end of his rule, he was quick to point accusing fingers at the West, blaming them for manipulating cocoa prices to sabotage the economy of Ghana and overthrow his government. Finally, after misusing all the money mainly on useless prestigious projects, failed communist agricultural projects and whimsical mad rush industrialization projects that did not withstand the test of time, he also burdened the young nation with another billion dollars' debt before he was forced out of the country.
  
  The truth is that, the economy could not grow and achieve its potentials under communists since the system lucks mechanisms and incentives that would release energies of the people to create wealth. Nkrumah, therefore, met a rich and confident country with stable economy, and left it bankrupt in some few years as a result of gross communist mismanagement.

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• JAMES Y 10 years ago

  While wishing the business community a Happy New Year, we must admonish them to reduce their reliance on imports and strive to produce goods locally. In this way, our cedi will appreciate and the economy improved. For far too ...
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  While wishing the business community a Happy New Year, we must admonish them to reduce their reliance on imports and strive to produce goods locally. In this way, our cedi will appreciate and the economy improved. For far too long businesses have orientated toward imports. And this must stop.

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• Shane Warne 10 years ago

  Happy New Year to all the people. God give all best wishes to people.

  Happy New Year to all the people. God give all best wishes to people.

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