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I am clear in my mind what has to be done to halt the daily increase in the price of food and other essential commodities because of the economic mismanagement by the government of Akufo-Addo and Bawumia.
We must halt the hardship on people, and go back to the days of price stability.
As stated in the Resetting Ghana Manifesto, a number of key interventions, which will reset the economy and prepare it for growth will be implemented.
Dear Madam Ohene, officially, you must have retired 19 years ago. You no longer pay SSNIT contributions. You are Board Chair by being in politics, long after your retirement. Please, don't mess up with our future retirement fortunes.
https://t.co/KjvrDIFIsj
I have finally secured the annual financial statements of Labadi Beach Hotel (Hotel Investments Ghana Limited) covering the last decade and been combing through the reports as prepared by the reputable Deloitte.
I have also intercepted the 2023 management account of Labadi Beach Hotel.
Incredibly, this is one of 6 hotels government says is struggling and desperately needs a strategic investor to inject capital and efficiency.
Contrary to the deceptive government/SSNIT narrative, the financials show that Labadi Beach Hotel is far more profitable than previously thought.
The financials reveal that Labadi Beach Hotel has cash reserves in 5 bank accounts amounting to an impressive GHS54,855,795.00.
Labadi Beach Hotel from the 2022 Deloitte financial statement had a turnover of GHS120,438,655. From the 2023 management account, this has commendably increased to GHS188,076,649.00.
Labadi Beach Hotel in 2022 posted a gross profit of GHS70,734,099.00 — a figure which astonishingly more than doubled by 2023 to GHS158,490,448.00
In addition to dividends, Labadi Beach Hotel over the last 5 years has paid a significant GHS20,318,232 in taxes to government.
Clearly, Labadi Beach Hotel is a cash cow and not a struggling hotel as government propagandists are claiming.
Anyone who takes over Labadi Beach Hotel alone can use its profitability to revamp all the hotels in SSNIT’s investment portfolio.
Probably the all-Ghanaian management of Labadi Beach Hotel should be asked to manage all of SSNIT’s hotels.
I am more convinced that this deal is not in our collective interest.
Hands off our SSNIT hotels or get ready for our June 18 DEMO!
#SSNITStopTheSaleNow
Need a quick crash course on SML, the KPMG review, the President's whitepaper, & how & why a timber merchant has seized Ghana's attention by cornering a billion dollar contract by promising to catch tax thieves? It is like an episode of Brraking Bad!
https://t.co/JLJAhdERy2
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A. They claim they AUCTIONED the devices. Did they tell the political parties & other stakeholders?
B. Was this done openly and transparently?
C. We proved during the 2020 debate that the refurbishment costs they claimed were totally false.
They take the public for fools.
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The Electoral Commission of Ghana is a body STEEPED IN DECEIT!
In this response to our revelations about their shameless & wasteful conduct, they are doing what they do best.
1. We're they not the same people in 2020 who said all their equipment dates to 2011?
Accra to London by road, trip update: Currently, the group of 13 individuals who have embarked on a trip to London by driving have arrived in Spain.
They started off with 8 cars but they’re reportedly down to 5 cars; 2 Toyota Land Cruisers, 1 Mercedes G-Wagon, 1 Ford F-150 and 1 Lexus RX 350.
Not that anyone should seek glory in being a Cassandra, but the fact remains that some of the fact-based projections made in these pages have over the years proved rather prescient. Just saying.
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Let me further emphasize this point.
On top of the list of the grave wrongs in our football, is the fact that, with the exception of the Black Stars and now the Black Queens (which have expatriates in charge);
Head Coaches of ALL our National Teams, their assistants and backroom staffs are NOT paid a dime for their job.
They don’t receive any salary for being appointed, regardless of how long they have been in charge.
We only seem to notice their supposed incompetence when we all sit to watch our teams in international games but here is the root of that.
Can we all hazard a guess how they have managed to survive coaching a national team knowing they don’t get paid?
What does this practice expose them to? Your guess is as good as mine.
Meanwhile, each member of the GFA Executive Committee gets paid 4,000 cedis every month, for four years, for their “sacrifice”.
The government, that owns the National Teams, also see nothing wrong with the fact that coaches who are to select players into the teams are not paid.
However, they’re expected to be fair, unbiased, humble and patriotic.
Make it make sense.
Sources at Ghana's main state-owned cocoa trader, PBC, say that the situation is worsening. Salaries are hit & miss. Paying cocoa farmers has become a nightmare. Politicians have interfered so badly that Ministers sometime go there to collect money to do the trading themselves.