Author's note: This piece was written on 18/6/2013. It is being posted today, because I was unable to do so on the day. Please read on:
Today, global public opinion, including that of political leaderships
worldwide, want to see an end to banking secrecy, in tax havens.
For decades, that banking secrecy in tax havens, has enabled
corruptly-obtained money around the world, to be salted away in secret
offshore bank accounts in tax havens.
The question for patriotic, one-nation Ghanaians is: since the climate
is now more favourable, why do the Ghanaian authorities not work
together with the Federal Swiss government, to use the law courts in
Switzerland, to unravel the mystery of the supposed US$30-plus billions
allegedly sitting in a Swiss bank, and which apparently is for the
people of Ghana?
Could that cash not be invested in long-term paper in Switzerland
itself, on Ghana's behalf, by the bank in which the account is said to
be held - and the coupon used to pay some of the interest on Ghana's
mountain of foreign debt, and to retire some of that debt at term's
end, one wonders?
That will enable the Ghanaian authorities to cut taxes levied on
businesses, for example - something which will help companies in Ghana to expand and
employ more people: who currently are not in paid employment.
The taxpayers of Switzerland too, would also benefit from such a move - as the Swiss government would not have to provide Ghana with any official aid, were those funds, if they exist, to be released to the Ghanaian authorities.
Surely, with global public opinion ranged against banking secrecy in
tax havens, the time has now come for Ghana to use the Swiss law courts,
to enable the government unravel the mystery of the supposed Oman
Ghana Trust billions in a bank in Switzerland? A word to the wise...
Tel: 027 745 3109.
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