Posts

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Prof Stephen Asare: Agyapa Royalties deal just a gimmick to park debts off Ghana’s balance sheet

What Agyapa has been set up to do is to swap the country’s future cash flows from mineral royalties for immediate cash. It is analogous to going to the bank and taking cash now in exchange for your salary for the next x periods.

These types of transactions have several hidden costs.

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Corruption Doesn’t Have A Colour

Africa has always been perceived by western nations as a corrupt continent, with almost all the international organisations and rating agencies rating the continent as high risk. But the truth is that corruption has always existed in different forms and is not determined by politics or geography. It exists in rich and poor countries, the developed and developing nations alike. However, countries in Africa seem to be penalised for corruption a lot more and are often perceived as more corrupt than other places.

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