Parliament, on Friday, approved a trade finance facility of US$1.2 billion for the purchase of cocoa beans for the 2013/2014 crop season, following a request by the Ministry of Finance and Economic Planning.
The approval, therefore, gives the Cocoa Board (COCOBOD) permission to raise the above-mentioned amount on the international market on credit for the purchase of an estimated 830,000 tonnes of cocoa beans, at a projected cedi/dollar exchange rate of GH¢1.89 to US$1.
COCOBOD was already in an arrangement between a consortium of several international and local banks for the US$1.2 billion, but needed Parliamentary approval before being able to access the facility.
Among the lenders include First Rand Bank Limited, Credit Agricole Corporation and Investment Bank, Nedbank Limited, Tokyo-Mitsubishi UJF, as well as Societe Generale.
The offshore syndicated trade finance arrangement is reported to cost the COCOBOD an amount of US$14.08 million.
The House also approved a request for waiver of stamp duty amounting to US$12 million on the facility to ensure COCOBOD accesses the full credit for cocoa purchases for the 2013/2014 crop season.
However, the approval was not without a debate from the minority and majority sides of the House.
Though the minority conceded the exercise was good in the interest of the nation, it was furious at why the request was being made at the last hour when the House was going on recess, but the majority saw nothing wrong with it.
Leader of the minority side Osei Kyei-Mensah-Bonsu argued that the report, in part, was ambiguous, and therefore, called for further and better particulars to enable the House scrutinise the deal properly.
For instance, he said, in arriving at the projected figure for the 2013/2014 crop season, "the demand should be premised on the actual," but that was not fairly represented on the Finance Committee's report to Parliament regarding the arrangement.
Additionally, since COCOBOD had already indicated that it did not spend all the money raised for the 2012/2013 crop season on purchasing cocoa beans alone, but on others, it would be better for it to furnish Parliament with the breakdown on how the said money was spent.
He, therefore, pleaded with the Speaker to direct the Minister of Finance and Economic Planning to come to the House and answer to the pertinent issues raised on the facility.
The First Deputy Speaker, Ebo Barton-Odro, who presided over the sitting, granted the request of the minority.
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Currency Exchange is designed to puff up certain peoples and
nations over others. The numbers are constantly telling some that
they are inferior to others. The problem intensifies when those
being manipulated by this financial scam buy in to this wicked
scheme. What’s the solution to INFERIORITY CURRENCY
EXCHANGE ? Stop giving away our souls one piece of money (
dollar , pound, franc, rand, deniro, rupal, euro, Chinese
renminbi, rupee, Russian ruble,etc..) at-a-time .
Do research on what price your product gets in the so-called First
World countries. And demand that price. This will not work unless
people at the local areas do this together.
Form Co-Ops and agree to charge the prices you deserve;
First World Prices For First World Minds !!!!!!!
2) INFERIORITY = Pay by Time
There is another system used to oppress people that feeds the
business owners with a lust for MORE profit. One year they may
have profits of 50%, the next year they may have profits of 100%,
the next year their profits may only be 75%. The system in the
world will consider that going from 100% profits to 75% profits is
bad for business.
How is that bad ? Profits are profits ! Many businesses have
different levels of pay for the same workers.; levels such as :
a) Top Salaries – Private and only known to each individual workers
b) Medium Salaries – Private , known to only the individual
c) Lower Salaries – Private and only known to each individual workers
d) High Hourly Wages - publicly-known
e) Medium Hourly Wages - publicly-known
f) Minimum Hourly Wages - publicly-known
I suggest that EVERY WORKER SHOULD BE PAID A LIVING WAGE BY THE AVERAGE OF SO-CALLED 1ST WORLD COUNTRIES !!!.
The Minimum Wage is like a financial ball and chain ; only giving
those receiving it just enough to live to see the next day. It is
Economic Slavery
The Living Wage allows workers to live, invest, spend, save, and
thrive. We can dream of a real LIFE !!!!!!!
We can think about about having our own businesses , then wake
up and attain our dreams. This is also great for the businesses
that pay Living Wages. For this creates new customers and new
generations of customers.
As long as the system of Living Wages is in place, there will be a
thriving economy and a blooming world full of optimistic activities.
But it will only happen when business owners see the benefit of
paying more pennies to make more dollars !
Which of you business owners will have the insight, recognition,
roots, understanding, initiative, moxie, & compassion to make the
step most are afraid to make ?
And in those times there shall many stand up against the king of the south(AMERICA / The Whore of BABYLON ( The United Kingdom) ): ALSO the ROBBERS OF OUR PEOPLE shall exalt themselves to establish the vision; BUT THEY SHALL FALL ! [Daniel 11:14 ]
The thief (D-Evil) comes to steal,kill, and to destroy: I (Jesus Christ) have come that they might have life, and that they might have it more abundantly. John 10:10
INFERIORITY = UNEQUAL EXCHANGE
ANY KIND OF EXCHANGE MUST BE AS EQUALS
[Check Out : Youtube Videos on
1) WHO BROUGHT THE SLAVES TO AMERICA ?
2) FRITZ SPRINGMEIER The Top 13 Illuminati Bloodlines
WAKE UP ! STAY UP MY BROTHERS & SISTERS !
[ libradio.net ] [ www.infowars.com ]
[gcnlive.com]
- Life Is a Game. Have Fun. [ Luke 18:17 / Isaiah 11:6 ] :