Comment: PRIVITIZATION OR ANOTHER A.W.A.M.?
Author: Nana Akyea Mensah, The Odikro.
Date: 2010-06-25 09:51:51
Comment to: Ghana Sits on Borrowed Money & Borrowed Time
Great article, except that the bit about the Continental Hotel or the Golden Tulip makes me sad.
THE ARTICLE STATES:
”To assert his reformist credentials, the former Czar recounted another story –this time about Continental Hotel - which while in government’s hands was so run down government had to commandeer a wing and refurbish it, with fresh curtains, linens and towels, before the hotel could receive important state guests. Now privatised, the same hotel strives to match global standards, and pays so much in VAT that government would be compensated many times over even if no dividends are declared for the entire life of the investment.”
MY COMMENT:
How do you claim that the state must not do business and so you are going to sell the state properties only to sell them to another state to do the same business and make so much profit? The argument that the state (Ghana) can only make money by selling her assets to another stae (in this case, Libya) is excessively silly. The Libyan Arab African Investment Company owns 65.5% on behalf of the state of Libya for paying us a paltry $3,578,125. All in the name of ideology. This is the height of stupidity. I hasten to add that this was the handiwork of the Rawlings ”Team A”!
Forward Ever! Backwards Never!!!
Cheers!
–
Nana Akyea Mensah, The Odikro.
Twitter: /twitter.com/TheOdikro
Blogs: nanaakyeamensah.blogspot.com
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