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corruption

Letta to Osagyefo - Power corrupts and power can overcome corruption as well

Posted by Nwia on Fri, 06/20/2008 - 07:02

Hey Osagyefo,

Please don't put me into your bad books due to this long silence. I have been thinking about you but I was preoccupied with thinking about my classes rather than dedicating time to preparing a letter to you. After all, no one is paying me to do this, but my classes are supposed to get me paid in the future. Eventually. So appreciate my efforts, Kwame, I am not being corrupted. I surely don't need any brown envelopes to share my thoughts on our beloved nation. Now think of those who are actually supposed to serve our nation. It's their job to do it. They are the ones whose jobs have been clouded in the controversy called corruption. It's a canker, but what can we do about it?


Africa money - the absence and presence of money in our system

Posted by abocco on Thu, 01/31/2008 - 14:23 GhanaThink Managing Executive

...Sounds on da ground and seens on the see-ins

Many government projects in Ghana are not done according to schedule due to the absence of funds. It's sad to read about infrastructural projects being launched and then the beneficiaries have to wait extra long to benefit. Is there really no money in the system? We pay lots of taxes but we don't see the taxes at work. We see them buying the four-wheel drives, building the nice homes and financing the trips abroad. This is our money, Africa's money and some people are spending it in ways that do not benefit Africa at large. But who will say it? You bet it would be Barima, formerly known as Sidney. The most controversial hiplife artiste is out again and out to criticize the Ogas and bosses chopping Africa money.


If I had only 5 minutes to Teach a Politician Macroeconomics, ...

Posted by gkdapaa on Fri, 05/11/2007 - 20:07

If i had just 5 minutes to teach a politician Economics, I would tell them about the Money equation:
MV = PY
where M is the amount of money in the economy; V is the velocity of money and it's just a measure of the number of times a cedi note changes hands (In other words, it's a measure of the rate at which transaction takes place); P is the price level of the economy; and Y is the real GDP or output level of the economy (normally called the economic pie). Y includes all final goods and services produced in the country.