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Chairman of Doscar Group Holdings, HRH Oscar Yao Doe has queried the sincerity of the Prez Nana Akufo-Addo-led administration over the $600m funds recently released for the Bauxite deal Ghana government had with the Chinese government. Having failed in rescuing a lot of Ghanaian-owned banks and other financial institutions, after spending over 21 billion GHS on a controversial reform process, the businessman said there could not be any justification for the money just released by the Chinese. He cited past experience as reason for his conclusions in his post this afternoon.
Read his post below...
In 2007/08, The US Government Initiated A Move, Through The US Congress (Parliament) To Bailout Their Banks And Saved Them From Collapse. The European Commission Followed Suit Immediately And Also Created New Laws To Pave Way To Bailout Their Banks. According To Recent Data, All The Bailout Funds Have Been Paid Back To The Respective Governments By The Banks.
But In Ghana, Hon. Ken Ofori-Atta (Mr. Know It All), the Bank Of Ghana, Led By Ernest Addison (Mr. Zero Reasoning), SEC; Led By Remote Control, (And) Unfortunately, Under The Leadership Of President Akufo-Add, (Who Holds Degrees In Promise) Wasted Ghanaian Tax Payers' Money (Over 21 Billion Ghana Cedis Based On Data Available At The Moment) To Destroy The Financial Sector In Ghana , (Rather Than) Saving These Marquee Businesses Owned By Ghanaians.
Now, We Are Told They Have Received 600 Million Dollars Advance Payment Out Of The 2 Billion US Dollars They Borrow From The Chinese Government To Destroy Atiwa Forest. (Ghana's Bauxite Was Used As Barter For That Transaction).
Has Ghana Been Cursed? Or (Is It Just That) We Lack Larger-Than-Life Leaders? Or (Because) Our Leaders Are Masters Of Self-Enrichment Skills?