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Showing posts from May, 2019

LESSONS FROM THE 2019 SOUTH AFRICAN ELECTIONS IN RELATION TO THE PROPORTIONAL REPRESENTATION ELCTORAL SYSTEM

LESSONS FROM THE 2019 SOUTH AFRICAN ELECTIONS IN RELATION TO THE PROPORTIONAL REPRESENTATION ELCTORAL SYSTEM By Ernesto Yeboah Leader, Economic Fighters League (Fighters) 2019 While the 2019 South African election has proved pivotal in signalling the beginning of the end for the African National Congress (ANC), one of the oldest liberation parties in Africa, the future looks bright for the radical Economic Freedom Fighters (EFF). It was the only party that grew in all the provinces of the country. Even in the socially conservative province of KwaZulu-Natal, which in the past has proved extremely difficult to penetrate for new parties, its support grew extraordinarily from 1.9% in 2014 to almost 10% in 2019. This, according to analysts, has come at the expense of the ANC, which lost nearly 10%. The official opposition, the Democratic Alliance (DA) also lost 5 seats at the National Assembly. Today the EFF is now the second largest party in three provinces, Limpopo, Mpumalanga and ...

Banking Crises Part 1: The role of Bank of Ghana (BoG) THE REGULATOR IS TO BLAME

Alex Mould writes Banking Crises Part 1: The role of Bank of Ghana (BoG) THE REGULATOR  IS TO BLAME The current crises within Ghana’s banking sector has left us all perplexed; with many unanswered questions. On one hand we are being asked not to blame the current Governor of BoG since he is only implementing recommendations that he received when he took over from the previous Governor. So that means the previous administration’s Governor had set in motion a plan of action to be implemented based on findings from BoG’s investigations. Yet on the other hand we are being told that the previous regime is to blame for this current crises. The real questions are: - when were these investigation carried out? - what were the findings - when were the actions to remedy these findings meant to be implemented? - why had these actions not been implemented? Let’s backtrack a bit to understand some of the history behind it. From the reports it seems that a provisional licens...