J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile
J. K. Kwakye

@johnkwabenakwa1

Educated at:
St. Peter's Sec School,
Prempeh College,
KNUST,
University of Ghana, and
University of Reading

ID: 803528231815090176

calendar_today29-11-2016 09:17:14

1,1K Tweet

781 Followers

100 Following

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

ghanaweb.com/GhanaHomePage/…. Public appointments should have a balance between elected politicians and unelected technocrats. Ministers can be politicians. But CEOs of SOEs and regulatory bodies, such as the central bank and accountable institutions, should ideally be technocrats.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

When we have vast natural resource wealth, we can't talk about lack of resources to develop Ghana. Our poverty is self-inflicted. Our leaders must take control of our natural resource wealth--a la Rwanda, Botswana, Eritrea, Burkina Faso, Niger, Mali--to break our poverty chains.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

Restoration of Damang to state ownership is an important bold step that should be replicated for all expiring mining leases. ://mobile.ghanaweb.com/GhanaHomePage/business/Damang-Mine-s-return-to-state-oversight-marks-critical-step-in-Ghana-s-economic-Lands-minister-1980519

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

The way for Ghana to avoid future IMF bailouts is to take ownership of its natural resource wealth and manage it judiciously. mobile.ghanaweb.com/GhanaHomePage/…

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

Can you imagine that Ghana has: gold, diamonds, manganese, bauxite, lithium, uranium, copper, cobalt, nickel, silicate, iron ore, salt, oil, gas, etc. worth trillions of dollars? So, how can our "poverty" not be self-inflicted?

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

The only way Ghana can avoid its dependence on foreign largesse is to take ownership of its vast natural resource wealth. And the time to do this is now!

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

ghanaweb.com/GhanaHomePage/…. So, Prof Oquaye's report is no longer confidential as NPP suggested? They might as well publish it in full then full the complete facts to be known.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

Recent cedi appreciation is the result of a cluster of factors, many of which are calculated and enduring: fiscal discipline; tight monetary policy; Gold Purchase Program; GoldBod policy; high remittances; strong FX market regulation; and improved confidence in the economy.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

Recent cedi appreciation is not "accidental" or "a passing wind" as the doubters and naysayers would want us to believe. It's the result of a cluster of factors, many of which are calculated and enduring. Speculators must, therefore, be ware!

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

ghanaweb.com/GhanaHomePage/…. I fully support a new hourly-wage system in Ghana. It will ensure fair and better remuneration for workers while promoting productivity. The monthly-wage system is archaic, unfair and inimical to productivity.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

The recent cedi appreciation is due to: tight monetary policy; coordinated fiscal and monetary policies; high receipts from gold, cocoa and remittances; and improved investor confidence in the economy. The year-to-date appreciation cuts across the dollar, pound sterling and euro.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

ghanaweb.com/GhanaHomePage/…. This is a constructive comment on, rather the the usual denial of, the 24-hr economy policy.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

ghanaweb.com/GhanaHomePage/…. The laudable policy of increasing Ghana's benefits from gold in the small-scale mining sector under the Goldbod must be extended to the large-scale mining sector for maximum effect.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

ghanaweb.com/GhanaHomePage/…. The Minister's call for increased Ghanaian ownership in the mining sector is a good. The call must be followed by concrete action by Gov't.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

It's worth repeating that recent cedi appreciation is due to high fx receipts from remittances, gold and cocoa, increased BoG gold reserves, tight monetary policy, coordinated fiscal and monetary policies, and high market confidence. It's not due to excessive BoG intervention.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

There is a clear difference between the e-levy and the d-levy. The former was applied, erroneously, to money tranfers, while the latter is applied, rightly, to an economic transaction. Taxes are applied almost exclusively to incomes, transactions or assets.

J. K. Kwakye (@johnkwabenakwa1) 's Twitter Profile Photo

Africa has no business seeking aid, debt relief or reparation when it is the richest continent in terms of natural resources. The continent just needs to take ownership of its natural resources and reduce corruption to turn it from a poor continent to a rich one.