Sunday, 23 June 2013

Use Swiss Law Courts To Unravel Mystery Of Supposed Oman Ghana Trust Billions In Switzerland

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...


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