ONLY A FOOL WILL BE THIRSTY WHEN THERE IS WATER ALL AROUND HIM. GHANA HAS GOT EVERY PRECIOUS METAL THAT GOD CREATED. HOW CAN WE BE SITTING ON SUCH RICHES AND ALLOW OUR YOUTH TO DRINK AKPETESHIE, BURN GANJA FIRE AND ENGAGE THE ... read full comment
ONLY A FOOL WILL BE THIRSTY WHEN THERE IS WATER ALL AROUND HIM. GHANA HAS GOT EVERY PRECIOUS METAL THAT GOD CREATED. HOW CAN WE BE SITTING ON SUCH RICHES AND ALLOW OUR YOUTH TO DRINK AKPETESHIE, BURN GANJA FIRE AND ENGAGE THEMSELVES IN GAMBLING ON OUR STREETS?? ARE WE SERIOUS?? EXPLOIT THESE MINERALS TO LAY HANDS ON THE HARD DOLLARS AND USE IT TO INDUSTRIALISE, THUS CREATING JOBS FOR THE BOYS. IF WE LISTEN TO NDC, GHANA WILL RETROGRESS !! GHANA WILL SINK!! -- WHAT A GREAT LINE UP!!! BAWUMIA , OSAFO MAFO, KEN OFORI ATTA ET AL, EVEN THE BENCH IS STRONG!! NANA ADDO, THE PLAY MAKER.
Girls SP 6 years ago
Buulu
Kwasia
Dumb n dumber
npp = narcotics people's party people's
npp = nonsense people's party people's
U think chinese people care abt ur environment????????
Dey also hv lots of bauxite n y do u thin ... read full comment
Buulu
Kwasia
Dumb n dumber
npp = narcotics people's party people's
npp = nonsense people's party people's
U think chinese people care abt ur environment????????
Dey also hv lots of bauxite n y do u think dey r not breaking da earth 4 it????
Kwappiah 6 years ago
What did u say when galamsey was destroying the same water sources u talking abt. Send back the money u collected from them. U knw what I mean?
What did u say when galamsey was destroying the same water sources u talking abt. Send back the money u collected from them. U knw what I mean?
Kabobo 6 years ago
This is a modern world.they will still have clean water
This is a modern world.they will still have clean water
indian black magic 6 years ago
black Indian spiritualist..professor in science divine0244908520 master of the night
healing of HIV protection black magic money rituals ..wealth power invisible power contact the grand master of the night
black Indian spiritualist..professor in science divine0244908520 master of the night
healing of HIV protection black magic money rituals ..wealth power invisible power contact the grand master of the night
Sweet Ghana 6 years ago
Surprise, surprise, surprise!!!!
Surprised at how many Ghanaians talk out of ignorance. Do we even know the USA has some of the largest reserves of timber, gold and oil and yet wouldn't exploit them because of the environmen ... read full comment
Surprise, surprise, surprise!!!!
Surprised at how many Ghanaians talk out of ignorance. Do we even know the USA has some of the largest reserves of timber, gold and oil and yet wouldn't exploit them because of the environmental and other extraneous effects such actions will bring? Ghanaians shouldn't cut our nosed to spite our faces Bawumia my fellow Walewalean brother, please think outside the box to justify the accolades you carry.Leave these life saving Atewa ranges alone for in the next ten years the cost in providing water for the population served by waters from these hills cannot be quantified in monetary terms. Wise up fellow Ghanaians and stop politicizing every sensitive national issue since the future will be the loser.China didn't get to where they are by behaving irresponsibly.
Kofi Thompson 6 years ago
Are There Not Better Ways To Leverage China's Wealth Than Giving It Carte Blanche To Mine Ghana's Mineral Deposits For U.S.$19 Billion?
Apparently, Ghana's vice-president believes that he and his economic management team h ... read full comment
Are There Not Better Ways To Leverage China's Wealth Than Giving It Carte Blanche To Mine Ghana's Mineral Deposits For U.S.$19 Billion?
Apparently, Ghana's vice-president believes that he and his economic management team have created a new paradigm, for funding economic development in Africa. Amazing.
Perhaps it has never occurred to the geniuses who now govern us that relentlessly pursuing GDP growth without ever stopping once to examine what actually constitutes that growth in the real world, no longer makes sense. Pity.
With that kind of mindset, no wonder the vice-president thinks that an agreement that sees Ghana entering into a "joint-venture" with resource-hungry China, which gives the Chinese carte blanche to mine our nation's mineral deposits - including even those underneath our forest reserves, incredibly, at a time when global climate change is negatively impacting rural Ghana - ;is a bright idea. How very odd. And how very shortsighted.
And, worst of all, to then go on to hold that shortsightedness up as an example of stellar-smart-thinking and proudly inform the world that Ghana is not being loaned U.S.$19 billion by China, but is rather being paid upfront by its joint-venture Chinese partners for access to the minerals underneath our nation's forests, betrays the delusion our new masters of the universe are labouring under.
Undoubtedly, the Chinese simply cannot believe their luck. China is literally being given access to all of Ghana's bountiful natural resources by the selfsame nation whose citizens are up in arms protesting against environmental degradation caused by mere minions in the game of the brutal gang-rape of Mother Nature - Chinese galamseyers.
Ghanaians must prepare themselves for even more lethal poisoning of their nation's streams, rivers and groundwater sources and environmental degradation on an apocalyptic scale - which is what we will have to contend with when the big boys from China finally descend upon us to "partner Ghana in a joint-venture" mining our nation's mineral deposits.
At a time of global climate change, it is definitely not a very smart move asking China to advance Ghana U.S. $19 billion as payment for access to our country's massive mineral deposits: including even mineral deposits underneath forest reserves.
If ecotourism will fetch us even more than the magical U.S.$19 billon that the vice-president is so enamoured with, over time, and create wealth that stays in Ghana instead of flowing out of it, and jobs galore for our nation's younger generations, then the more responsible sections of the Ghanaian media owe it to all the people of Ghana to point out the fact that there are better "economic models" to levarage to enable our nation generate money from China, which are actually available to Ghana.
To begin with, it ought to be pointed out that last year (2016) Thailand made U.S.$71 billion from the 31 million visitors it hosted that year. So we can focus on creating an outbound Chinese ecotourism market in Ghana by incentivising tens of millions of well-off middle-class Chinese tourists to travel here.
If the geniuses who now govern our country had thought things through properly before embarking on their trip to China, perhaps they would have come up with a better plan using ecotourism to enable Ghana to leverage some of China's wealth.
For example, if a ban is placed on the export of all unrefined gold from this country - after seeking joint-venture partners in China for the Precious Minerals Marketing Company Limited (PMMC) to produce credit-card-sized gold bars, gold coins with Adinkra symbols and our unique traditional-style gold jewelry - could we not create a thriving outbound Chinese ecotourism market in Ghana for Chinese tourists coming here to purchase the PMMC's credit-sized gold bars, gold coins with Adinkra symbols on them and traditional-style Ghanaian gold jewelry?
And would that not turn Ghana into a global gold trading centre, which attracts tens of millions of Chinese and other Asian countries' nationals to travel to Ghana regularly to purchase gold, I ask?
And would that not be a far better and more sustainable way to leverage some of our mineral wealth to our own benefit in truly win-win joint-venture partnerships between Ghanaian and Chinese entrepreneurs accessing long-term loans from Chinese banks at concessionary rates?
For the information of the vice-president and members of his economic management team, with the greatest respect, yet another new paradigm for economic development that they can share with the rest of Africa, is to encourage joint-venture partnerships between Ghanaian (ditto entreprenuers in other African nations) and foreign investors, to profit from opportunities offered by the need to modernise and expand our infrastructure.
The government of Ghana must allow such joint-venture partnerships to bid in open international tenders, to self-finance the building of railway lines, tolled concrete motorways, harbours, airports, etc., etc., and own, operate, as well as maintain them for 25-30 years without paying any taxes on their profits during that period.
Clearly, there are other far better "economic models" available to enable Ghana to develop with than that used to secure the advance payment of U.S.$19 billion by China for access to Ghana's mineral deposits.
Finally, we have culled and posted a Positive Money NZ blog article by Marc Joseph entitled, "Change Money, Change the World" that ought to be food for thought for the vice-president and his economic management team, and will be an eye opener for many discerning and independent-minded Ghanaians. If our leaders were creative thinkers we could become a prosperous society very quickly. Pity.
Please read on:
"Positive Money NZ
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Change Money, Change the World
By Marc Joseph
Isn't it frustrating to witness the growing inequality, poverty, homelessness, and suffering that plagues society? The government's efforts to address these ills are feeble and year after year the situation gets worse. We all know well the government's litany of excuses: "we don't have the money, we'd have to raise taxes, we have to be fiscally prudent, we have to service the debt, money doesn't grow on trees." It all boils down to money, doesn't it? But is it true?
No, it's not true. The government's excuses don't stand up to scrutiny, especially when we look at the facts about money. Money comes in two forms, paper (notes and coin) and electronic. The paper part comes from the RBNZ but that portion, about 2%, is insignificant. All the digital money we use is produced by the private banks. It's our national money, yet private institutions have been given the power of producing it for our economy. Think of it. 98% of New Zealand's dollars, which we must have to participate in the economy, is supplied by private institutions.
So what about this digital money? It's produced by tapping a keyboard and making an entry in a database, and this entry is shown on a computer screen. This happens whenever a bank makes a loan. Here, it's important to note that the financial system is based on a lie, the lie that says the private banks act as financial intermediaries between savers and borrowers. They do not. When you borrow from a bank, you borrow new debt-money that is "printed" fresh just for you. No pre-existing money is loaned. The bank creates the debt-money by merely changing the number that appears in your account. This may come as a shock to you, and it should because it's the shocking truth.
There is an important distinction to understand here. This new money is unearned money. You have agreed to repay it, but the only way you can repay it is to go out and earn it. The banking lie has you believing that you are borrowing someone else's hard-earned money and so you abide by the agreement to repay not just the loan but a premium as well. Your relationship with the bank is completely unequal and lacks full disclosure, and the interest is effortless profit for the banks.
So we need to ask ourselves, is this how we want our nation's money to be produced, only as loans? Is it right that the production of our money be in the hands of private institutions that profit so vastly with little or no effort? No way. And this debt has interest attached, which means that the debt grows over time, increasing beyond the capacity of the people to repay it. Indeed, the total debt owed to the private banks today is almost two times greater than the total money supply! This debt cannot and will not ever be repayed. So we work to repay the unrepayable debt to private institutions who have done virtually nothing. How can this be?
The reason is that people just don't know. Somehow, we've been indoctrinated to never question the source of money. The result of this is evident: inequality, poverty, homelessness, environmental degradation, crisis. Are you concerned about the ludicrous prices being paid for housing in Auckland and Wellington? The private banking system, given free rein by the government, is your culprit. For a private bank, the bigger the mortgage, the better.
And consider this. The authority to produce money comes from government, so why is the government in debt? If 98% of New Zealand's money is digitally produced, why doesn't the government do it? Indeed, the government is constantly invoking "financial prudence" when it explains why it can't provide the programs and services we all say we want, so why does the government allow private production of these debt-soaked dollars? How financially prudent is that?
Let's imagine a hypothetical situation. Society wants an end to poverty and homelessness so the government embarks on a brilliant initiative to do just that, mobilising the fabulous expertise and intelligence of the people of NZ. It pays for it by issuing the money straight out of the Treasury. No bonds, no borrowing, no debt. No excuses. Meanwhile, the government passes laws to restrict debt-money production by the private banks.
Of course, now we hear the last resort of the financial fear-mongers: that would be inflationary! they cry. They don't mention that private debt-money production in the last 100 years has decimated the purchasing power of our dollar by 95%. They never admit that interest-bearing debt is the true cause of inflation. And how many financial crises of the last century can we enumerate? They were all caused by their debt-soaked money and no doubt there's another crisis lurking on the horizon. What possible justification can there be for private control of our money supply? Debt-free money is far less inflationary, if at all.
We need money. We don't need debt. Debt distorts the economy. It makes it run inefficiently, squanders natural resources, drives the growth imperative, wastes human potential, and greatly enriches a few at the expense of the many. It's clear that society would reject private production of our money if it understood this brutal regime with its deplorable consequences.
Our challenge is to expose the lie and reveal the truth about the production of money. Once society knows the truth, the private control of our money will end. The people will demand that the government assume control over our money supply and soon the financial solution to our myriad problems will be available. No more debt.
So the truth is that there is no shortage of money. All that is socially desirable is financially possible. The private banking system's effortless profit is a millstone around our necks. It's imperative that government assert its authority over the money supply and properly fund, debt-free, an end to poverty and homelessness.
Money reform is a growing movement but you'll never read about it in the media. Thankfully there are excellent resources on the internet. Is there a more important use of one's time than to get informed about the true nature of the financial regime? We've lived all our lives in debt bondage, is that what we want for our grandchildren too?
So we have to provoke a public outcry. Why? Because the money scam is an outrage. Because poverty and homelessness are guaranteed by the debt-money system, we cannot succeed while it remains in place. It's not a joke, the situation is dire and getting worse. Once people know, poverty will end. Get informed. Tell everyone. Change money, change the world.
End of culled Positive Money NZ blog article written and posted by Marc Joseph.
OBREMPONG 6 years ago
Whatever happens the mineral must be
mined and processed for GAIN. However,
GRATER CARE , must be taken not to
pollute our water bodies and other
resources.
Whatever happens the mineral must be
mined and processed for GAIN. However,
GRATER CARE , must be taken not to
pollute our water bodies and other
resources.
Fada 6 years ago
One step foward, two step backward.These Chinese come here to destroy our water bodies through galamsey,you say you've stopped them. Now you go to them, cup in hand for$15billion and offer them your pretine forest reserve hos ... read full comment
One step foward, two step backward.These Chinese come here to destroy our water bodies through galamsey,you say you've stopped them. Now you go to them, cup in hand for$15billion and offer them your pretine forest reserve hosting major water bodies to exploit your bauxite, without regard to the fact that our mining laws prohibits mining in forest reserves. I find it difficult explaining to my white colleagues how we think as black people. It's pathetic
Dr. Mensah-Bonsu, arckotoko@gmail.com 6 years ago
How right you are, Fada. There is a difference having great academic degrees and being able to exhibit GOOD JUDGEMENT. Dr, Bawumia made a huge mistake paring our cedi with the American dollar during the Kuffour administration ... read full comment
How right you are, Fada. There is a difference having great academic degrees and being able to exhibit GOOD JUDGEMENT. Dr, Bawumia made a huge mistake paring our cedi with the American dollar during the Kuffour administration. Here he is again making another colossal mistake by handing over the Atewa Forest Reserve, a MAJOR SOURCE OF GOOD DRINKING WATER, to the Chinese for a few billion dollars, compromising the health of those of us today and that of generations to come. Sorry to note that he will still find some ignorant "blind" followers who will give him the go-ahead. I see a bleak future for Ghana.
Dr. Mensah-Bonsu, arckotoko@gmail.com 6 years ago
Just forgot to say: The Chinese WILL SEND US BOTTLED WATER AFTER WE HAVE ALLOWED THEM TO DESTROY OUR OWN. When will Ghanaians who support Dr. Bawumia's deal start using their heads?
Just forgot to say: The Chinese WILL SEND US BOTTLED WATER AFTER WE HAVE ALLOWED THEM TO DESTROY OUR OWN. When will Ghanaians who support Dr. Bawumia's deal start using their heads?
KWESI YANKSON 6 years ago
etiwa Koraa y3kyir3 mo kakra wo ho they mine western region gold and manganese to support ur district development it is now ur tern aboooowa
etiwa Koraa y3kyir3 mo kakra wo ho they mine western region gold and manganese to support ur district development it is now ur tern aboooowa
Akora 6 years ago
Nsem pii
Nsem pii
Bugri Naabu 6 years ago
Bawumia's eyes shining left right left right left right when he sees $19 billion dollars. Kw3. Ready to forgo everything in all ten regions of Ghana for it. This man Bawumia is more sensible than Akufo Addo and should rather ... read full comment
Bawumia's eyes shining left right left right left right when he sees $19 billion dollars. Kw3. Ready to forgo everything in all ten regions of Ghana for it. This man Bawumia is more sensible than Akufo Addo and should rather be made our president.
ATIWA KRACHIE 6 years ago
We the indigenes of Atiwa Forest want to tell the people of the Eastern region and Accra who have been relying on water from rivers with sources from Atiwa that they must send us the equivalent of 5% value of bauxite or for ... read full comment
We the indigenes of Atiwa Forest want to tell the people of the Eastern region and Accra who have been relying on water from rivers with sources from Atiwa that they must send us the equivalent of 5% value of bauxite or forget perpetual water flows from us. We support government plans to develop our mineral wealth in the ground. The affect people must ask the government for desalination of the sea which is a better source of water.
kwasi Tafrittwe 6 years ago
Atiwa krachie, you think you are doing somebody . But don't forget we have a little bit if not a lot of Akyems in Accra and all over ghana. Kakra b3 ka wo.
Atiwa krachie, you think you are doing somebody . But don't forget we have a little bit if not a lot of Akyems in Accra and all over ghana. Kakra b3 ka wo.
ONLY A FOOL WILL BE THIRSTY WHEN THERE IS WATER ALL AROUND HIM. GHANA HAS GOT EVERY PRECIOUS METAL THAT GOD CREATED. HOW CAN WE BE SITTING ON SUCH RICHES AND ALLOW OUR YOUTH TO DRINK AKPETESHIE, BURN GANJA FIRE AND ENGAGE THE ...
read full comment
Buulu
Kwasia
Dumb n dumber
npp = narcotics people's party people's
npp = nonsense people's party people's
U think chinese people care abt ur environment????????
Dey also hv lots of bauxite n y do u thin ...
read full comment
What did u say when galamsey was destroying the same water sources u talking abt. Send back the money u collected from them. U knw what I mean?
This is a modern world.they will still have clean water
black Indian spiritualist..professor in science divine0244908520 master of the night
healing of HIV protection black magic money rituals ..wealth power invisible power contact the grand master of the night
Surprise, surprise, surprise!!!!
Surprised at how many Ghanaians talk out of ignorance. Do we even know the USA has some of the largest reserves of timber, gold and oil and yet wouldn't exploit them because of the environmen ...
read full comment
Are There Not Better Ways To Leverage China's Wealth Than Giving It Carte Blanche To Mine Ghana's Mineral Deposits For U.S.$19 Billion?
Apparently, Ghana's vice-president believes that he and his economic management team h ...
read full comment
Whatever happens the mineral must be
mined and processed for GAIN. However,
GRATER CARE , must be taken not to
pollute our water bodies and other
resources.
One step foward, two step backward.These Chinese come here to destroy our water bodies through galamsey,you say you've stopped them. Now you go to them, cup in hand for$15billion and offer them your pretine forest reserve hos ...
read full comment
How right you are, Fada. There is a difference having great academic degrees and being able to exhibit GOOD JUDGEMENT. Dr, Bawumia made a huge mistake paring our cedi with the American dollar during the Kuffour administration ...
read full comment
Just forgot to say: The Chinese WILL SEND US BOTTLED WATER AFTER WE HAVE ALLOWED THEM TO DESTROY OUR OWN. When will Ghanaians who support Dr. Bawumia's deal start using their heads?
etiwa Koraa y3kyir3 mo kakra wo ho they mine western region gold and manganese to support ur district development it is now ur tern aboooowa
Nsem pii
Bawumia's eyes shining left right left right left right when he sees $19 billion dollars. Kw3. Ready to forgo everything in all ten regions of Ghana for it. This man Bawumia is more sensible than Akufo Addo and should rather ...
read full comment
We the indigenes of Atiwa Forest want to tell the people of the Eastern region and Accra who have been relying on water from rivers with sources from Atiwa that they must send us the equivalent of 5% value of bauxite or for ...
read full comment
Atiwa krachie, you think you are doing somebody . But don't forget we have a little bit if not a lot of Akyems in Accra and all over ghana. Kakra b3 ka wo.