Ghana : OPED: The UK and Corruption in Ghana

Discussion in 'Ghana' started by skuderjaymes, Feb 13, 2010.

  1. skuderjaymes

    skuderjaymes Contextualizer Synthesizer MEMBER

    Nov 2, 2009
    Likes Received:
    independent thoughtist thinker, context linker
    theory to application to discussion to percussion
    British High Commissioner Nick Westcott is not afraid to step in to
    controversy. Having boldly told us that Vodafone did nothing wrong in their
    acquisition of Ghana Telecom, he now lectures Ghana that incoming
    governments must respect contracts entered into by the outgoing
    government. Of course, that is true. As a general point, it is a simple
    statement of the legal position.

    But we all know that Dr Westcott did not mean it as a general point. He
    meant that investigations into contracts including Kosmos and Vodafone
    must be stopped. Otherwise, he warned, investor confidence would be
    damaged – a warning that foreigners would take their dollars elsewhere.
    But what is the logic of this position? No government may question any
    contract entered into by a predecessor, no matter how corruptly? That if
    you are a dreadfully corrupt foreign businessman, who has bribed a minister,
    you only have to hang on until the government changes, and then you
    cannot be investigated? Plainly this is a nonsense.

    The fact is that, as detailed in a series of articles in the Financial Times of
    London, there are a whole number of questions about the Kosmos deal which
    give experienced observers great cause for concern.
    One which particularly worries me is how, on the best oilfield in Ghana,
    Kosmos were able to get a royalty rate of only 5%, when the average on
    other fields is over 11%. There are suggestions that partners from EO were
    active on the Ghanaian government side of the negotiation.
    There are also credible stories of Kosmos handing EO millions of dollars in
    cash notes for “marketing and publicity”.

    Is Ghana forbidden from investigation because the government has changed?
    No, and they must not be bullied out of it by the British, Americans, IMF or
    World Bank. Those will always back wealthy Western companies against a
    developing African nation.

    full article:

    The UK and Corruption in Ghana

    THE BRITISH GOVERNMENT ARE THE BIGGEST HYPOCRITES British High Commissioner Nick Westcott is...