₦airaland Forum

rvp20182:
Ghana - economic growth fuelled by oil.

It is unfortunate that the government boasts GDP growth of 6.3%, but about 4.5% of this growth happens in the oil sector which only employs very specialized and skilled personnel leaving the real sector with just less than 2% growth.

you and the person you are quoting are dumb

Ghana mineral sector growth is 2%
while the none mineral sector growth is 5.4%

Government has set a target of 6.8 percent growth in overall GDP, and a non-oil GDP growth rate of 5.4 percent for year-end 2018.

speak with fact and not speculations and stop complaining about your underperformance

jl115:
They are South African owned companies

secondly you never mentioned the subsidiaries in your post, you just straight up claimed MTN, Anglo Gold and Goldfields are all of a sudden Ghanaian companies.

If you said MTN Ghana then no problem(I probably still would of told you that it is SAn owned though ) ..... Also im relatively certain Anglogold and goldfields operate as external Companies in Ghana and dont have subsidiaries there.

no one said they are not SA owned companies

are they operating in Ghana or not?

The discussion was, companies in Ghana and companies in Kenya.

And i told you for a fact that according to the companies Act
A company by establishment is a separate entity from it mother company.

They have their own directors, coo, cfo and etc

TayserMahri:
took you two hrs to come up with that moot point

i dont sleep here noise maker

say something insightful

not according to the docs i provided

TayserMahri:
you were exposed on exactly those two each of your feathers carefully plucked by Kenyan trained economists

Acadavah:
The problem is, does that company register itself as a Local or a foreign company?

The question you should ask yourself is
how will a merged company register itself as foreign

you are yet to prove that subsidiaries becomes SA companies
or the result of mergers become SA companies

jl115:
except its you that can't grasp the fact that those companies are South African companies

No one stole an SA company since subsidiaries are not SA companies and neither are the results of mergers

dumb dumb Zombie

TayserMahri:
you tried to steal an SA company and got whooped. even vaxx was unable to rescue your battered back

TayserMahri:
and lost your mind?

and exposed your fraud of an economy dependent on IMF and WB

TayserMahri:
engaging you is pointless. you lack the capacity

noise

you've not posted any sensible comment today
just a bench warmer

dumb zombie

i decided to look at kenya's finance

TayserMahri:
you used to be smart. dont know wat happened. now my pet is smarter than you

Danielnino00:
Help me ask that fool how his country intends to manage with 1.5% economy growth this year

wait for more starvation

rvp20182:
Companies are many types - most commonly ltd, pvt, and we have many more including foreign-owned - bla bla - and each have their own requirement. You're just an illiterate innovating as we go.

everyone knows that there are many types of companies formations.

The legal instrument legalising their establishment is THE COMPANIES ACT.

dont engage in stuffs you have the least knowledge of
it only make you stupid.

you are arguing with no common sense as regard what you are talking about but just making noise as usual

TayserMahri:
Take heart, at least you have covid-19 to brag about

useless comment as usual

grow some brain cells so you can engage in grown-up discussions and not be a bench warmer

TayserMahri:
Sorry bro, i liked you, but i wont defend your ignorance

you are making noise as usual

find some squabbles like u usually do

rvp20182:
Let me help you. I know more law than you can ever google. There is a limitation to liability for a person and or a company. For example in most jurisdictions - you cannot be tried for some offense if some time has passed. Status of limitation kicks in. A company can be sued on its own. And depending on how they are registered... limited company...unlimited company.. private limited...public limited...that LIMITED part defines their liability. What you're describing is for an unlimited companies that enjoy lots more limitation of liabilities. The same way UN or diplomatic stuff enjoy lot more immunity...so if you see JustKid ltd - know it's limited - and if you see Justkid pvt - it probably isn't.

you know nothing about law

the write up above simply shows

Companies registered under a companies act is it own legal entity

rvp20182:
The common law we know is that a company is a legal person. Whatever a person can do - a company ought to do. Maybe you've Ashanti golden stool common law inspired by Juju and voodoo!

The is a separation between a company and a person
A company is a legal entity

Do you know what the veil of incorporating is ?

Veil of incorporation or corporate veil is the legal assumption that the acts of. a corporation are not the actions of its shareholders, directors and managers, so that. they are exempt from liability for the corporation's actions.12. (iv) Lifting or Piercing the Corporate Veil.

dumb dumb

dont engage in a convo you have no understanding of

rvp20182:
mPharma Ernest Chemist. Seriously. These are dispensing chemists - not pharmaceutical manufacturers.

you said companies

and I've given you companies worth billions of dollars

if you want Pharmaceutical manufacturers ask

not really

dont use legal terms you dont understand when addressing legal entities

jl115:
Ok then ignore were I said outright since you've taken it out of context!!

TayserMahri:
Then Ghana owns Ecobank, Total, Guiness, and all multinational firms with operations in Ghana... and if IBM, Google, Microsoft, GE, Boeing etc open shop, Ghana will automatically own them. Phew!! You hobbits are lucky.

no one said Ghana owns total, IBM and Google

we said they are Ghanaian companies because they are registered legal entities separate from their mother companies.

those are legal terms under company establishment .


ZOMBIE ... next time dont engage in a convo that you dont have the mental fortitude to understand

rvp20182:
But I am a foreign company - register as a foreign-owned company - with foreign directors - I then become a Ghanian company by your majestic law. Very brilliant. The same way you export your best - and now scramble to call anything Ghana - including TULLOW, MTN - I mean that's got to be novel weed you're smoking there.

dumb dumb

a person is separate from a company

these are basis in common law

TayserMahri:
kicks of a dying horse

too bad you cant compete

so you were already dead

jl115:
It is registered as an External company.

Otherwise it is a Ghanaian registered subsidiary like MTN Ghana

It is registered as a merged company

rvp20182:
Outside oil and mining? We know that is easy for corrupt proxies of gov official to steal an oil well for themselves.

ECP
Ernest Chemist
mPharma
E & P
Ghana Internationa Bank
Reroy cables
Kasapreko
Despite Group
Jospong Group

just a few

jl115:
I was simply stating that when you have more than 50% shareholding in a company then you are the (majority) owner/Parent and control technically the entire decision making process.

I wasn't arguing that when you own more than 50% you are now the wholly owner of the company...

of course when you have more than 50% shareholding, you are a majority shareholder

no one disputed that. You rather confused yourself when you used the words Outright Owner

rvp20182:
I guess if I go to Ghana and register as an alien - pay taxes- I will become a Ghanian.

Except that does not make you a Ghanaian according to Ghanaian law

dumb dumb

TayserMahri:
You actually believe that all companies registered in Ghana are Ghanaian companies!

that is what the law says
If you practise common law, it is the same for you too.

rvp20182:
One of their biggest street and skyline
[img]https://www.mtn.com/wp-content/uploads/2019/02/MTN-GHANA@2x.jpg[/img]

that is not a street but a highway

jl115:
External companies can and do operate in Ghana and all over the world mate A company doesn't need to be incorporated in Ghana to operate in Ghana.........

Also AngloGold Ashanti either has a Ghanaian subsidiary that I don't know about or it is a registered External company.

But a company need to be registered in Ghana to operate in Ghana

Hence a new company is formed under a different legal regime

so just say you dont know about it

but dont go making baseless argument

TayserMahri:
Learn to accept things. Just because you are a small country you dont go about stealing foreign multinationals and claiming to own them. Next time you will say you own IMF.

get yourself the laws of Kenya and learn

dumb dumb IMF WB and Chinese colony

rvp20182:
Dude, I was watching Ghana 's Accra - very sorry city - for a capital city. Name the indigenous Ghanian companies - or the pharmacy

Springfield
E & P
Underground Mining alliance
all billion dollars companies

just a few

rvp20182:
Of course hobbit. They register as foreign-owned companies. Registration don't make them Ghanian. They make them LEGAL.

go and learn companies law and come back

Registration make them legal establishment under a countries law by establishment.

jl115:
So we are taking the the literal dictionary meanings of words now? just going to ignore the context...........Can't remember saying if you own more than 50% that makes you 100% the owner or wholly owner of a company?

Simply stated that when you own more than 50% you are the outright(or in context the majority owner).

we are talking about the legal meaning of the word Outright

That is what it mean if you say someone is an outright owner according to law.

And i simply told you that by law, 50 plus 1 percent ownership is not an outright ownership.

you can take it from someone who did law or not