Day 4 - 23/10/14: Special Day for Ghana-UK Trade and Investment. Marriotts Hotel, London. Before an enthusiastic 500 member audience, JM makes a strong case for accelerated UK investment in Ghana stressing that economic challenges in Ghana and Ebola in West Africa are inconsequential to foreign investment. But folks I have a problem. I dont trust the IMF and the World Bank. Their advice are carefully designed to reinforced our status as producers of cheap raw materials and deepen our dependency on the advanced world for almost everything. Why would the world bank advise Ghana to shut down VALCO when we are seeking assistance to add to our energy supply and develop an integrated aluminnum industry. Why would they advise Uganda against building an oil refinery and rather export crude like Ghana with TOR wastin away. To quote Moseveni at the summit I asked them to keep their advise. These institutions are leading a crusade to completely control ports in Africa and therefore ur trade as a strategy to outcompete the East. In West Africa especially the World Bank and the IMF are leading a campaign to take over our ports through what they call Landlord Port Reforms. Their aim is to win for their western partners outrageous terminal concessions that end up making these ports poorer. Our governments must sit up and like Mahathia Muhammad did for Malaysia, protect local industries against foreign investors while we seek foreign direct investment. Cheers everyody. !!!
Posted on: Sat, 25 Oct 2014 19:02:10 +0000