HIPC DEBT SERVICE RELIEF FOR GHANA MAY HAVE BEEN SUSPENDED ... WHEN LEADERS ACT DUMB, ASK WHO IS FORCING THEM TO THIS TIME ... A white paper on IMF/WB so-called “structural reforms” by an organisation in the UK has alarming revelations on how our political leaders are forced to act dumb but take the abuse if they have to from the citizens even if it meant into their graves without telling the ordinary people who is twisting their hands to act dumb ... Now, do you wonder why our NDC government will go for a loan and laughably using part of that 156 million dollar World Bank facility to buy sanitary pads and distribute it free of charge to school girls? HOPEFULLY, IT WILL NOT BE ZOOMLION, AGAMBIRE, ENGINEERS AND PLANNERS, IT/MOTORBIKES LTD THAT WILL BE CONTRACTED TO IMPORT SANITARY PADS. ... have you ever bothered to ask yourself why in opposition in the 90s NPP heavily criticized the Divestiture Implementation Committee, but in power the first 2 shocking privatization was Ghana Water and AGC? ... tap water has very significant fixed costs, therefore there is no scope for having competition amongst several firms. Therefore, in this case, privatisation would just create a private monopoly which might seek to set higher prices which exploit consumers. Therefore it is better to have a public monopoly rather than a private monopoly which can exploit the consumer. All too often privatization is forced on countries like Ghana without any adequate regulatory framework, with predictable results. Privatization of water delivery in Ghana to please the IMF/WB and satisfy the prerequisite for HIPC has been disastrous for instance. NB: Regulatory Framework is a system of regulations and the means used to enforce them. They are usually established by the government to regulate the specific activities.
Posted on: Thu, 03 Jul 2014 04:05:48 +0000
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