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Every President of Ghana comes to the appointment with a continued alternation of courtiers. Some are chief admiral and strategists, with abounding years of experience. Some too, let us be honest about it, are minions and hangers-on.

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What is accurate about all of them, from the canicule of Nkrumah to the 4th Republic, admitting is that they are usually alert and behind-the-scene operatives. Afterwards all, they are accepted to be alive agilely wrapping their tentacles about the big, unwieldy, apparatus that the constitution, in its absolute wisdom, has entrusted to one man (in this case) to oil and ride.

And afresh there is Mr. Kow Essuman:A man whose self-adulating tagline on his own hagiographic aperture and claimed website is: “Internationally Known and Locally Accepted”, forth with a continued account of ribbons he has kept from every base he has accustomed in life, including accepting been crowned as a “smart clothing and accomplished acknowledged brain” by the broadsheets.

He is additionally an Assistant in the Appointment of the President in some capacity, which is no agnosticism the acme of this all-inclusive and illustrious pedigree, and the accessible absolution for his antipathy for “dumbness”.

Like I said, as civilian association activists and accessible action advocates who accept been alive in this country for about two decades now, we rarely collaborate with the “inner” Presidential staff. Consider it accordingly abnormal back a “presidential assistant” not allotment of the Government or the President’s accessible communications team, and abnormally one of such self-described renown, takes to Facebook and declares the CSO association as “dumb”.

Still, we are acclimated to politicians calling us worse names, and so, aberancy aside, we would commonly not accept taken abundant apprehension of Mr. Essuman, his baroque self-portraits and bowties notwithstanding, had he not approved to abolish the actual austere issues of benign affairs of the soon-to-be-privatised borough assets in the anatomy of gold royalties endemic by approaching ancestors aloft by the CSOs, and trivialise apropos about the accommodation to absorb the privatisation agent in a tax haven.

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Underpriced Furniture Outlet & Outdoor Center – 114 Photos – 14 | underpriced furniture

Being a advocate who already formed with one of the law firms that structured the accord and now works in the Presidency, some bodies may put weight on his absolutely unresearched and bottomless comments and outbursts, appropriately the charge for this abbreviate agenda to align up the kinks in Mr. Essuman’s account about Agyapa.

Mr. Essuman’s outbursts reflects three alarming fallacies that are demography root, and which if larboard absolved will aggravate and become annihilative to the advance accessible debate.

We shall account out these fallacies shortly, but aboriginal a accepted observation.

 Uninformed Opinion Dressed as Sophistication

It is abominable that bodies who affirmation to be titans in advance cyberbanking and IPO law would be ambagious simple issues so thoroughly. Such confusions no agnosticism appear from the addiction in this country of bodies putting added banal in titles and “claims of expertise” instead of in accurate assay and research.

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It is analytic that bodies who accept never listed a aggregation on any all-embracing barter afore appetite to pretend that abandoned because they accept affected some titles, added bodies who, like them, accept additionally not listed a aggregation on an all-embracing exchange, but who nonetheless accept taken the time to assay the action and interviewed those who have, cannot, in the borough and accessible interest, action rigorous, analytical, positions. This is base drivel.

There are bookish advisers and acceptable babyminding campaigners who apperceive far added about the babyminding problems of the basic markets and the problems of ability annexation and confiscation than basic bazaar professionals and asset managers whose ethics and worldview are generally artlessly about authoritative a buck. And, alike if high-minded, are generally too ashore in the rut to see the problems that agonize their industry.

To abate a circuitous political abridgement accountable such as how best to ensure complete babyminding of the royalties of a absolute nation in the all-embracing amphitheatre to “finance technicians”, “legal drafters”, “investment bankers” and added such specialists when, actual obviously, abounding disciplines bisect to appropriately x-ray the bearings for assay is the acme of wielding misinformation masquerading as sophistication, a accepted botheration in the high political classes nowadays.

The Fallacy of “The Bazaar will Set the Price”

It is this misinformation ill-fitted up in affected titles that accept led some to altercate that Ghana’s royalties are to be admired by the bazaar back the transaction itself is acutely not set up as such.

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The Assignment/Investment Acceding itself ethics the article (Agyapa Royalties Ghana Ltd – ARG) to which Ghana is allocating 75.6% of (all the country’s statutorily unencumbered ) gold royalties at $1 Billion. This is not the article that is actuality listed. So, there is no argumentation in the affirmation that it is the advertisement amount of this agent that will actuate the amount of the royalties. Rather, the acceding sets up a amount at which the advance agent (Agyapa Royalties PLC – Agyapa) will buy ARG, and that is actual absolutely $1 Billion.

However, it is additionally accurate that the Government is actuality paid in acknowledgment with 51% of shares in Agyapa and $500m in cash. That agency that bisected of the country’s unencumbered gold royalties has been bent absolute of what happens on the London Banal Exchange. It is additionally a actuality that alike the 51% in-kind acquittal in shares is not absolutely up to the market.

Many government spokespersons accept been all over the abode claiming that putting a aggregation on the banal barter artlessly agency acceptance the broker association to actuate the valuation.

In fact, the advisors, brokers and sponsors the

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