Use oil revenue for intended purpose – CeSIS tells Govt

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• williss 10 years ago

  president mahama is not ready to listen any advice bcos he is a major thief in his government so he cant take any proper decision to solve dis current hardship so spell him off

  president mahama is not ready to listen any advice bcos he is a major thief in his government so he cant take any proper decision to solve dis current hardship so spell him off

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• Saint Ghfuo: Nyantakyi must go! 10 years ago

  *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 ...
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  *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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• Moses Akunor 10 years ago

  Unless we hire the white man to come and run it for us we can not make any positive business out of it. In fact we would have gone down on our knee to worship the black substance oozing into the ocean any way .

  Unless we hire the white man to come and run it for us we can not make any positive business out of it. In fact we would have gone down on our knee to worship the black substance oozing into the ocean any way .

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