Ofori-Atta to announce diaspora bonds July

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• The Mask 8 years ago

  Rule of Law
  Zero Tolerance of Corruption
  Probity and Accountability
  Development in Freedom
  We have the men to deliver.
  Kukurudu
  Eeshi
  
  Ghanaians are suffering from massive corruption. Why should we suffer in our own m ...
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  Rule of Law
  Zero Tolerance of Corruption
  Probity and Accountability
  Development in Freedom
  We have the men to deliver.
  Kukurudu
  Eeshi
  
  Ghanaians are suffering from massive corruption. Why should we suffer in our own motherland?
  
  "Over the last ten years they've had more than 10 billion dollars of donor assitance. What have they done with it? Nothing"-- Akufo-Addo GTV talking Point program in the Mid 1990's

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• SIMON 8 years ago

  ISRAELIS, CHINESE AND INDIA HAVE IT GLOBALLY SO WHY NOT GHANA ESPECIALLY IN NORTH AMERICA BANKS, PRIVATE INVESTMENT FIRMS, RRSP-REGISTERED RETIRMENT SAVINGS PLAN WHICH CAN BE UTILIZED TO BUILD INFRASTRUCTURE, MINING, OIL AND ...
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  ISRAELIS, CHINESE AND INDIA HAVE IT GLOBALLY SO WHY NOT GHANA ESPECIALLY IN NORTH AMERICA BANKS, PRIVATE INVESTMENT FIRMS, RRSP-REGISTERED RETIRMENT SAVINGS PLAN WHICH CAN BE UTILIZED TO BUILD INFRASTRUCTURE, MINING, OIL AND GAS EXPLORATION DRILLING

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• SIMON 8 years ago

  LONG OVERDUE SOONER THE BETTER

  LONG OVERDUE SOONER THE BETTER

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• SIMON 8 years ago

  IRRESPECTIVE OF CHANGE OF GOVERNMENTS SO THAT LOOTERS OF LEADERS CANNOT TOUCH SUCH FUNDS THROUGH CORRUPTION

  IRRESPECTIVE OF CHANGE OF GOVERNMENTS SO THAT LOOTERS OF LEADERS CANNOT TOUCH SUCH FUNDS THROUGH CORRUPTION

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• No Nonsense 8 years ago

  Some Ghanaians hate diasporans because of a feeling of insecurity, but love their money. A lot of the diasporans have some degree of sophistication due to exposure. The diasporans have been exposed to larger and more competit ...
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  Some Ghanaians hate diasporans because of a feeling of insecurity, but love their money. A lot of the diasporans have some degree of sophistication due to exposure. The diasporans have been exposed to larger and more competitive societies and economies. Welcome the diasporans and you will reap the benefits. Hate them and you will be starved of opportunities. Let us be wise about this !

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• NO-NONSENSE 8 years ago

  Thief. Get your own name.

  Thief. Get your own name.

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• Ritewing 8 years ago

  Good move from an astute economist and a proven money manager. But we still have to tap into the process started by the previous NPP administration. That was aimed at opening Ghana up as a destination for off shore banking.

  Good move from an astute economist and a proven money manager. But we still have to tap into the process started by the previous NPP administration. That was aimed at opening Ghana up as a destination for off shore banking.

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• Kojo K 8 years ago

  Nonsense. You say diasporans cannot hold any significant positions in Ghana but you want their money? Why can't an astute and experienced Ghanaian economist who happens to hold a US citizenship be a finance minister in Ghana? ...
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  Nonsense. You say diasporans cannot hold any significant positions in Ghana but you want their money? Why can't an astute and experienced Ghanaian economist who happens to hold a US citizenship be a finance minister in Ghana? But he can invest his money in Ghana?

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• bobostone 8 years ago

  Kojo, the idea is good. Let's support the government to succeed. Ghana is your only home on this earth; you know that right?

  Kojo, the idea is good. Let's support the government to succeed. Ghana is your only home on this earth; you know that right?

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• Odikro 8 years ago

  But what Kojo is saying is that, the support must go beyond just looking diasporan money and yet denying them of other areas in which they can make contributions.

  But what Kojo is saying is that, the support must go beyond just looking diasporan money and yet denying them of other areas in which they can make contributions.

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• Kusi Ba 8 years ago

  Count me in. All I care for is you hurry up to implement this idea. American states and cities use bonds to raise funds all the time for development.
  
  The bane of the problem here is with unreliable governments in Africa. S ...
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  Count me in. All I care for is you hurry up to implement this idea. American states and cities use bonds to raise funds all the time for development.
  
  The bane of the problem here is with unreliable governments in Africa. Successive governments could make nonsense such a good idea. So long as I can withdraw my money when it matures irrespective of government in place, I'm all for it. I'll rather buy some bonds, whatever you might call it, than find my money sitting in American banks and getting less than 1% interests. Mutual funds being no better.

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• KofI Annancy 8 years ago

  You are absolutely right. It's long over due for the diaspora to start investing properly and to also receive good returns. It's a win win situation for bother the Government and for the individual.

  You are absolutely right. It's long over due for the diaspora to start investing properly and to also receive good returns. It's a win win situation for bother the Government and for the individual.

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• ST. GHFUO, is this the best you can d 8 years ago

  at gcb? lol...these same banl employees will steal your bond monies. i wont invest in bonds bocs bonds are snail monies. allow diaspora ghppl to open t bill accounts instead. so many ppl have had their acounts closed by local ...
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  at gcb? lol...these same banl employees will steal your bond monies. i wont invest in bonds bocs bonds are snail monies. allow diaspora ghppl to open t bill accounts instead. so many ppl have had their acounts closed by local banks bcos the account holders supposedly arent gh enuff or dont even live in the country. very very stupid. who cares if u live there or not? attract the needed capital that ought to be the primary objective

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• Abewaha 8 years ago

  Thank you for thinking of us too.

  Thank you for thinking of us too.

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• bobostone 8 years ago

  Put good mechanisms in place to protect hard earned money of immigrants if they decide to volunteer patronage of the purchase of the bonds.
  There should be no monkey-dey-work-babbon-dey-chop thing about this. The idea sound ...
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  Put good mechanisms in place to protect hard earned money of immigrants if they decide to volunteer patronage of the purchase of the bonds.
  There should be no monkey-dey-work-babbon-dey-chop thing about this. The idea sounds good but the right thing must be done in order for it to take off right without any 'kuluulu'.

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• Seidu Mohammed 8 years ago

  Stupid minister. Start thinking of the next 5 bonds after this. Mr. Ken Bond 110

  Stupid minister. Start thinking of the next 5 bonds after this. Mr. Ken Bond 110

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• Kwabena Yeboah 8 years ago

  On Feb. 27, 2006 JA Kufuor signed into law the Representation of People Amendment Act (ROPAA) otherwise known as ROPAL. Even though ROPAL is law it has never been implemented and like many other legislations in the country RO ...
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  On Feb. 27, 2006 JA Kufuor signed into law the Representation of People Amendment Act (ROPAA) otherwise known as ROPAL. Even though ROPAL is law it has never been implemented and like many other legislations in the country ROPAL is collecting dust in the Parliamentary archives.
  
  But the question is: is there a better way for the cash strapped NPP government to compel Ghanaian diaspora to help the development of the country? Of course, yes yes yes! The main reason for ROPAL is to give Ghanaian citizens living abroad the right to vote. That being said, many countries around the world have leveraged citizens' right to vote with the responsibility of paying taxes; after all there is no taxation without representation. If Ghanaian diaspora wants to vote in local elections it must back its desire by exercising its civic responsibility of paying taxes as there is no representation without taxation.
  
  There is no common sense in selling bonds to Ghanaian diaspora if it is the intent of government to allow Ghana diaspora to vote in local and national elections. There is a far better option than issuing bonds. Because in addition to cost of underwriting and administration cost, bonds add to government debt.
  
  The best alternative for many countries around the world is to enter into Income Tax treaty with countries where its diaspora is heavily concentrated. Ghana for instance can enter into income tax treaties with countries such as Great Britain, US, and Canada. There are presently over 300 countries around the world that have income tax treaties with US alone, not to mention Canada and Great Britain. There has never been income tax treaty with any government in the world since Ghana's independence. Only two countries in Africa that have signed an income tax treaty with the US; i.e., Morocco and South Africa. This is free government revenue from the diaspora in exchange for votes in local and national elections - The NPP can rake in millions of dollars and pounds from Ghana's diaspora in GB, Canada, and US with minimum cost through income tax treaties, and far better than Ofori-Atta's bonds.
  
  If Ofori-Atta does not know what an income tax treaty is, he should call up Azerbaijan's Finance Minister to train train him.

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