Author's note: This piece was written on 20/9/2013. It is being posted today, because I was unable to do so on the day. Please read on:
Our ruling elites get a pretty good deal from the enterprise Ghana. They
are paid well, enjoy many perks and when they retire, are given what
some argue are overly-generous retirement benefits.
In exchange for such handsome compensation packages, Ghanaians expect leadership that is world-class.
Sadly, over the years since the overthrow of President Nkrumah in
February 1966, some of the decisions made by our ruling elites have been
hard to fathom.
The controversy generated by news that documents covering the sale of
the Ghana National Petroleum Company Limited's (GNPC)drilling rig,
Discoverer, apparently cannot be traced, illustrates this perfectly.
At the heart of that controversy, is the fact that for some
extraordinary reason, those who were in charge of our nation at the
time, decided to withdraw the GNPC's legal team in a case in which
the company was being sued by Société Générale in a UK court - against
the advice of the British lawyers acting for the GNPC.
The bizarre thing, is that prior to the withdrawal of the company's
lawyers from the case, the GNPC had won a judgement in its favour in a
similar case in the US.
The question is: Why did the regime in power then, choose to withdraw
the GNPC's legal team representing the company in court - an action
that paved the way for Société Générale to successfully obtain judgement
in its favour: a decision clearly not in the national interest but
obviously favourable to Société Générale?
One doubts very much that were the matter in the UK court that they
chose to withdraw from, one that was of concern to their own private
businesses, the very clever men and women then running Ghana, would have
chosen to withdraw lawyers representing them from a similar case in
the UK court - especially if, like the GNPC, they had secured a
verdict in their favour in a US law court.
Yet, for some curious reason, the government of President Kufuor
ignored the fact that the GNPC had won a similar case brought against
it in a US law court by Société Générale - which in effect the GNPC
counter
-sued for giving it bad hedging advice that led to the loss of substantial sums.
Why do our ruling elites take such strange decisions that are clearly
not in the nation's interest in such instances, one wonders?
Why, for example, did the National Democratic Congress (NDC) regime of
President Mills not consider asking the government of China for
interest-free loans for infrastructure projects - instead of the
billions of dollars in commercial loans it took from Chinese banks to
fund such projects?
And would there not be a dramatic change for the better, in living
standards in most of rural Ghana, for example, were ordinary Ghanaians
able to elect district chief executives - as the concerns of those
living in districts across the country, would have priority in the
agenda of every district chief executive in Ghana: not what favours
those at the centre of power in Accra?
Yet, our ruling elites continue to deprive grassroots people of the opportunity to elect district chief executives.
Clearly, if they are to justify their handsome compensation packages,
our ruling elites must be more protecting of the national interest -
which at any given point in time is what benefits a majority of the
ordinary people in Ghana.
Our ruling elites must work harder and be more creative at all levels:
so that Ghana's economic growth benefits a greater number of ordinary
people in our country. Ghanaians deserve better.
Tel: 027 745 3109.
Thursday, 3 October 2013
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