GHANA AUTHORITY ARRESTS NIGERIAN, DEMANDS FOR WORK PERMIT (Page 4)

Ghana has shown some ingratitude to Nigeria. Nigeria harbored them as refugees for years. If you recall, they were refugees in Nigeria for many years.  Nigeria provided refuge for them, food, work and shelter. They lived in harmony. 

However, in recent year, Ghanaian has been treating Nigerians in their country with impunity and hatred. From sabotaging Globacom to taxing Nigerian heavily and even killing and deporting them. 

If Nigerians withdraw their investments from Ghana, it will have a very devastating effect on Ghana's ailing economy.  It may even lead Ghana's economic collapse.

There has been lots of hype about Ghana's economic stability and growth. I can tell you that it is a mere window dressing. 

Ironically, Ghana remains indebted to Nigeria. During Obasanjo's Era, They borrowed billions of dollars from Nigeria. They have also not been able to service their international debt including the one they owe to World bank.

Ghana remains one of the most impoverished country in the world with gross domestic product per capita of $621.

While some of you in Nigeria and Ghana may see Ghana as a well run economy. At the international stage, Ghana is ranks among the worst economies with likes Rwanda, Somali.

In the world economic ranking, Nigeria is ranked b/w 38th to 44nd  while Ghana ranks 154th among

For more details read February. Worlds worst economy ranking by Forbes:
-----------------------------------------------------------------------------------------------
"Ghana's problems are mostly homegrown," said Peter Allum, the IMF's mission chief to Ghana, in February. Forbes ranks Ghana ninth on our list of the world's worst economies.


Ghana is a typical example of the world's worst-managed economies: It's a country that shouldn't be poor, but it is. The West African nation's gross domestic product per capita fell 9 percent last year to $621, ranking it 154th out of 184 countries tracked by the International Monetary Fund, below resource-impoverished Haiti. With a $3 billion trade deficit last year and $4.9 billion in external debt, Ghana is struggling to pay its bills even as it sits on some of the world's biggest reserves of gold and bauxite, as well as considerable amounts of offshore oil, which is being developed by Anadarko Petroleum and others.

Refernce:
http://www.forbes.com/2010/06/08/zimbabwe-ghana-congo-nicaragua-business-worst-economies.html

http://www.msnbc.msn.com/id/37603745/ns/business-forbescom/

[/qu Nice one!