Whats Wrong with Selling Ghana Telecom?
Is there really anything wrong with Ghana selling a majority share of its state owned telecom company, Ghana Telecom to a British concern? After all governments are supposed to be in the business of taxing businesses not running them, right?
Here is an alternate perspective offered by Yaw Adu-Out recently in an article that he recently wrote for Joy FM Online. In essence, he says that this sell represents a threat to Ghana's national security.
Here is the excerpt:
"When the British government offered recently to pay for the medical bills of pregnant women of Ghana I could not help myself to thinking that there was a string attached; there is no free lunch in the international system. It is commonplace knowledge that in the capitalist world economy nations have tended to pave the way for the profit interest of private corporations in their dealings with the foreign countries they expect to exploit. So, there you have it."
Generally, these types of arguments fall on deaf ears, however, in the context of Ghana for the last 15 to 20 years his message should probably be taken seriously. Ghana is a country where nearly every major exporting industry is outsourced either to Asia or to Europe. And the word outsourced is being used very liberally, perhaps a more apt word statement would be that the bulk of Ghana's large scale production is owned by foreigners. Why is this? And against this backdrop shouldn't Ghana's citizens be concerned?