GHANA-CHINESE LOANS AND THE PEOPLE OF GHANA

2017/07/19Posted by Mr Bismark Kwofie

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I am much concerned about how politicians make the good citizens of Ghana confused. With keen interest, I have followed the rebuttals of the incumbent government’s economic representatives on the $15 billion loan from China after the return of Dr. Mahamudu Bawumia (the vice president of Ghana) from Beijing with the opposition party. The fey of these two giant political rivals have a ripple effect of gross misunderstandings. I will take the pain to free the many from the fetter of ignorance on this loan from the Chinese. Government’s fiduciary duty to its citizens is currently murky to many. The opposition party somehow do not want to tell the truth and the present government is getting confused about the $15 billion Chinese loan.

The Chinese neither give concessional or non-concessional loans to Africa but that of resource –backed loans. To eschew further ambiguity of the subject matter, concessional loans are loans with little or no interest. This kind of loans are given to low income countries under the Poverty Reduction Facility and the opposite is concessional loans with high interest. Resource-backed loans or commodity-backed loans involve the use of the natural resources (gold, bauxite, oil, manganese etc.) as collateral. Angola was the first African country to secure a resource-backed loan with its oil and gas resources to build new infrastructure after the war in the 1990s. What Dr. Bawumia went for is a resource-backed loan in a form of partnership.

DR. MAHAMUDU BAWUMIA’S “LOAN’’

UNEDITED ESSAY OF THE AFRICAN JOURNALISTS FOR LIBERTY'S COMPETITION

2017/06/14Posted by Mr Bismark Kwofie

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"The role of journalists in a free society and holding government accountable"

By McAnthony Dagyenga

Introduction

In very early days of May 2003, the Deputy Secretary-General of the Panel of International Journalists, Louise Frechette remarked that “a free and independent press is the lifeblood of strong, functioning societies and a lifeline to progress itself”; he further stated that “unless ideas and information could travel freely, both within frontiers and across them, peace would remain elusive…and where censorship was imposed, both democracy and development were the losers.”

Frechette’s assertion suggests that a society without a free press or journalists cannot be described as free and as such cannot hold its government accountable. Meanwhile, a democracy without accountability is like concrete without cement, the reason the role of journalists in a free society cannot be understated.


ILAPI-Ghana launches African Journalists for Liberty.

2017/06/09Posted by Mr Bismark Kwofie

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The Institute for Liberty and Policy Innovation (ILAPI-Ghana), a free market and an educational policy think tank has engaged journalists on the ideas of economic freedom, libertarianism, property rights, entrepreneurship and government accountability.

ILAPI-Ghana’s new project, African Journalist for Liberty (AJL), brought together 27 selected journalists from different media outlets in Ghana to educate them on the principles of liberty and economic freedom; this is to help them make use of such elements in their reportage on the theme: Diffusing Economic Freedom through Journalism, on 6th May 2017.  Journalists have little or no knowledge on economic freedom and how they can be used to promote a free society through their content development.

The Journalists for Liberty was launch by the Executive Director of ILAPI – Mr. Peter Bismark Kwofie, who set the mood, saying “Journalism, the fourth arm of government and the driving force of information, has the biggest role to play to ensuring free and fair distribution of wealth but not that of the state’s welfare system in Germany, in 19th century, and now being ploughed in Africa. Journalists must not attack government but to disarm and assist to constitutio

AU, ITS IMPORTANCE TO THE FREEDOM AND LIBERTY OF THE CONTINENT.

2017/06/02Posted by Mr Bismark Kwofie

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Every 25th May, Africans commemorates African Union Day amidst of it zero records. How effective has the AU been in tackling the numerous problems facing the continent? Can the AU tell the people in the continent why it should be allowed to hold such meetings in the name of the people after five years of no results? Can the AU tell the people in Africa one single thing that it has got right since its inception? What at all has the AU achieved in Africa that merit another waste of tax payers' money? The AU has failed to promote peace, security, and stability on the continent. Currently in Nigeria, Islamic militant Islamist group Boko Haram from 2009 has killed 40000 and displaced 2.3 million from their homes.(New York times,2016). This group has carried out mass abductions including the kidnapping of 276 school girls from Chibok in April 2014. It took the Swish government and the international committee of the Red Cross helping as mediators to release 82 of the girls. This militant group was ranked as world’s deadliest terror group by the Global Terrorism Index in 2015. The toothless AU has watched them all these while. Xenophobic attacks in South Africa started in March 2015 and still ongoing. As today being AU day, there are 300 hundred people have been killed in Central African Republic in militia violence. It is estimated 500,000 citizens could be displaced by the end of May. AU was there when troops killed Libyan President because he was fort for freedom and liberty for his country. On the issue of trade, AU has failed its members drastically. Member states cannot move and trade freely .High trade barriers are inimical to the growth of the continents. It is obvious trading between African continent and the rest of the world is freer than continental trade. Africa loses billions of dollars in potential trade earnings every year because of restrictive barriers to regional trade.(World Bank ,2015). Round trip fro Accra to Freetown (sierra Leon) which is 1857.9k

ILAPI-Ghana Wins Africa Think Tank Shark Tank Competition In South Africa

2017/05/30Posted by Mr Bismark Kwofie

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The Institute for Liberty & Policy Innovation (ILAPI- Ghana), a Ghanaian based free market and policy Think Tank emerged the winner of the 2017 Think Tank Shark Tank – Africa Competition held in Johannesburg in South Africa recently. The Think Tank, represented by its Executive Director, Peter Bismark Kwofie, got the recognition for its pitch on a project dubbed "the National Undergraduate Debate and Essay Competitions," and was presented with an amount of $5,000 project funding as award, including a certificate at the regional Africa Liberty Forum. The Africa Liberty Forum brings together friends of the freedom movement across Africa to discuss challenges facing the region and to learn from one another how to most effectively advance economic freedom reforms. There were distinguished speakers including, Dr. Tom palmer, Brad Lips CEO of Atlas Network, Tim Modise, Franklyn Cudjoe and Bright Simons of IMANI, Eustace Davie, Chris Becker of Investec, Temba Nolutshungu and Peter Bismark Kwofie himself. At the international ceremony held to award the Policy Think Tank, the Atlas Network, the organisers of the African competition, indicated that ILAPI-Ghana won the day with its touching idea of defusing the misguided mindset of the youth in Ghana and Africa as a whole on job creation. According to them, the words by ILAPI-Ghana that “Too many students in Ghana have a misguided role of government. They think government’s role is to create jobs, but we know that isn’t the case, So these debate and essay competitions will help them learn, for the first time in many cases, the basic principles of freedom and classical liberalism as a fulcrum to creating prosperity for a free society,” earned the Think Tank the grand award. The runners up were Michael Howe-Ely, chief marketing officer of the Ineng in South Africa and Jasson Urbach, director of the Free Market Foundation South Africa. Open only to graduates of Atlas Network’s training program, Atlas Leadership