Friday 10 February 2023

Holders of government paper in Ghana refuse to be cheated by those who want something for nothing

Now the gloves are off: Retirees who bought and hold government paper in Ghana, refuse to be cheated by those who want something for nothing from them - the greed-filled rent-seeking state-capture big-thieves-in-high-places, whose reckless borrowing has now bankrupted their nation, and now want to impoverish them so capriciouslly and callously.


They too must make sacrifices for their nation's sake. Full stop.


Towards that end, the time has now come for Ghana's Parliament to pass under a certificate of urgency, new laws requiring the ministry of finance to produce a list containing:


1) The names of all Ghanaian eurobond holders, both individuals and corporate entities - including those hiding their holdings in offshore tax havens, as well as the total value of their holdings: all of whom must also make personal sacrifices too, and give up their looted monies to save Mother Ghana.


The new law must spell out clearly, and unambiguously, the penalties for non compliance - including being barred for life from company directorships for individuals, and being permanently barred from operating businesses in the financial services sector, for errant corporates.


2) A list of the Ghanaian transactional advisors and the total amounts earned from eurobond issuances, by them, in fees, since the Akufo-Addo regime came to power in January 2017. Mandatory jail terms of not less than 15 years must be prescribed for failure to comply truthfully with this provision.


Now the gloves are off - so, to use an apt Ghanaian pidgin English phrase: "We no go sit down make them cheat us!"


Ghanaian retirees who bought and hold government paper in Ghana, refuse to be cheated by those who want something for nothing from them - whose reckless borrowing has bankrupted their nation, and now want to impoverish them so capriciouslly and callously, to boot, too, on top of that, oooo, Ghanafuor. They must be forced to pay back what they earned from the reckless borrowing  that profited them so handsomely. Full stop. Case closed. Yooooooo...

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