₦airaland Forum

Angola has strong SOE - sonangol - now part of ANGP - that explore and extract hydrocarbons
Nigeria has NPP - that takes away the shame of Shell Nigeria.
Algeria has Sonatrech - largest company in africa - that explore and extract hydrocarbons.
Kenya has National Oil/Kenya Pipeline/etc
Botswana gov owns 15-25 percent of De Beers - the diamond giant.
Ghana gov owns 0.01% - zero - of AngloAshanti - the gold giant.

I havent researched on the oil industry - I bet Tullow run the show

vaxx:
I am loosing interest in your not making sense comeback, when I see one , I shall reply .

Security - is a future charge - that will only be realized if your default. That is your bauxite and cocoa beans. They are being held by chinese until you finishing paying for loan.

Gold - you already sold the gold to private investors as concession/licenses - and now if you want it back - you have to buy it. If they refuse to sell in cedis - what you gonna do? Grab their gold? They stop minning.

South Africa majority owns AngloAshanti - therefore own AngloAshanti - the profit is shared by shareholds after they have paid O/M, royalties and taxes. They repatriate the profit to Joburg.

If you want to own gold - carve out new gold areas - and start minning. The areas under concession now you gov already ate the money.

vaxx:
You are not making sense here and you expect me not to insult you.

You stupidly said a country that recently overtake south africa as the largest gold producer has nothing. Now tell me if I made mistake calling you a mad man.

The usual prevarication we are used to from Ghanians.

Just40:
like you said unaccounted for .. that was just pure poor journalistic reporting and the BOG came out to Clare that misconception.
PMMC couldn't provide export data for 5 years because because BOG took over all export activity from them under a 5 years ban from BOG untill the meet BOG approved standard.

You had close to 50% of Ashanti Gold ownership; then you sold out for 400M dollars; and now you're totally dependent on privately owned miners.
The oil sector - the same drill.
The bauxite is even worst - you gave it to Chinese for a loan.
Cocoa beans - you also gave it away to china - all monies are escrowed there first.
In short you dont own the most strategic assets - because it either in long term leases or concessions or held as security in china.

You're big joke as country.

vaxx:
you can't be making dumb comment and don't be expected to be insulted, I won't spare you. Unless I see there exist some decorum in your writing. At least make sense a little , maybe do a little research before you reply that may limit the insult . For now , enjoy it like your normal good morning tea.

Stop repeating what I know. Not every country goes with mineral concession . It depends on the amount the country is willing to spend itself . Aramco is fully pure Saudi Arabia property and they operate on nearly oil field in saudi arabia , they are so rich that they can both do the operation and the processing all alone. Ghana that enters into it has no financial power like Saudi Arabia . If there is adequate technology and enough financial muscle , there is no need of entering into concession if it happens you suspect a deposit of any kind of minerals .

Just like said, it is not sold but rent , you can't completely by gold mining area , nobody does it. What they do is renting , so you rent a surfalàllllce area , you mine for a particular period of time within stipulated time in your agreement and if there is need to continue , you renew the renting again, it is call d mining lease.

For the fact that we aren't poor like the people of turkana, that alone makes us stand out . We have used gold money to increased the welfare of people.

For kenya , it is a dead case, the gap of poor and rich keep increasing at alarming rate , it isn't the same here

This long diatribe can be reduced by one figure 1 dollar: 15 cedis; one year ago 1 dollar: 6 cedis. As for kenya inflation is coming down from 9 percent to 7%.

Just40:
It has declined consistently for 10 years ... You'll have to wait for long for that halt

It has been a consistent effort to reduce import bill by providing local alternative which making sure that export grows massively... It's completely a good thing and it is reflective in Ghana GDP growth. As the country GDP has grown from 590 billion cedis last year to almost 1 trillion cedis this year.

That is a huge jump

Kenya is headed for a Sri Lanka Lebanon situation where your import bill continue to be unsustainable and that was evident in how WB and IMF had to step in before you guy could import food and fuel this year and if your country does not start switching to production, you'll continue to have huge problems with poverty ever growing larger and larger.

2022 total export of Ghana is 26 billion dollars.

Small holder tea account for more than 70 percent of tea production in kenya. Kenya tea supports manufacturing, transport and other multiplier because it processed unlike your cocoa beans. It has greater multiplier. What we dont do is just to brand and sell them in such quantities.

Rice/Maize - we leave that to Tanzania - to supply us with deficit - we sell them finished goods.

Just40:
this video is funny because all there is is tea farm which is mostly corporate farms lands owned by multinationals.. with a 1.5 billion output
When Kenya is busy importing 900,000 metric tonnes of rice

Mad man in his element Eti refined gold cannot be smuggled out


More than $9b worth of Ghana gold exports unaccounted forhttps://www.ghanabusinessnews.com › General News
Oct 30, 2021 — The Ministry of Lands and Natural Resources on Friday inaugurated a special committee to halt gold smuggling in Ghana

Just40:
Gold is only smuggled in your mind ... Gold is not Ivory that get smuggle out of Kenya ... You can't smuggle gold through the port of through the borders ..
Infact you'll be more concern for it safety that you won't want to gamble with it.

Every single gold is flown out and to do that, you'll need export clearance from BOG.

Gold is not a strategic asset for any govt to invest in it mining ... Oil is a strategic asset and every govt will *kill to invest in it.
Central banks can get gold when ever they want easily as long as it is mined or is available in their jurisdiction.

The hardest thing to smuggle is refined gold...
You can't under declare because everything is weigh before export.
Obuasi Gold Mine Managing Director, Eric Asubonteng, Iduapriem Gold Mine Managing Director, Samuel Pobee and their team
These are the guys who run the company in Ghana with their Ghanaian team. They subcontract to Engineers and Planners which is a west African behemoth.
Before every plane takes off, BOG weigh the amount of gold being exported and BOG also have the GOLD mined output and have the production output at factory ...
Next joke please

And for galamsey... All their output is handled by PMMC and refining is done by them before PMMC get them buyers with export license from BOG.

Gold is not Elephant tusk that you can just place in your bag and fly with... Next joke

The fact that you don't know the Ghanaian SOE with combine asset of almost 60 billion dollars is enough

It's declining not because there is a substitute but because the economy is grinding to halt - folks can no longer afford to buy much. It could completely dry up like SriLanka or Lebanon. It's not good thing mad cow.

Just40:
it's actually strategic... Ghana import bill is about to decline even further to 8 billion dollars from 2023 ending onwards....

One is security for loan - the other you want to use as currency to buy oil. They are not the same. You want to use gold now that cedis is useless.

Problemo - you dont have any gold - it's been concessioned to private sector. You want to force them to sell gold for cedis that is useless so you go around it's uselessness

vaxx:
they are both securities dumb kid . You used what you have to gain what you don't have .instead of using the scarce dollar for the procurement of oil, we used what we can access for it ( gold ) instead of entering into expenditure mismanagement like kenya trainline deal that ends up as burden in your country , we rather furnished china with refined bauxite and got back our infrastructure in likely terms . So it is about having an advantage. You can't trade tea and flower for such a juicy package.

Do you know Despite your country known human right activist forcing kenya by getting court injunction to disclose the china -kenya loan agreement package to everyone, your country has failed to open up til date.

Reduce the base insults - and maybe your verbiage can make more sense.
Mineral concession is almost standard - you get a prospective license for few yrs, then once you have proven deposit, you get a long term minning license.
There are penalties on both parties if you were to renege.
The reality is your gov sold out - and is completely at mercy of private miners - both small and big.
Botswana has done very well - and is model country for mining in Africa.
This now a middle class country that made diamonds work for them.

Ghana has mined gold since 15th century with ABSOLUTELY nothing to show for it.

As for kenya - watch this video - and come & talk - if lazy read the comments. Kenya has done incredibly well for resource barren country

https://www.youtube.com/watch?v=QXc3D8KKkDs&t=1354s

vaxx:
You are an asshole, nobody privatize anything, you are only renting the surface area as an investor and your license can be expired and renew. Once you have a million dollar and shows other legal documents to mine , you will be given a rented area to mine , you mine , you pay back to govt in form of royalties and other . I don't know botswana package for private investor but I doubt bostwana can have a better juicy package than this. Instead of owing the license , we sell out the license and other form of royalties. That is more than fifty percent stakes . We have a good management team hear. We aren't short of ideas. We sell license instead of doing the capital intensive work.

The gold ambitions is already in place , Ghana refined gold deposit as increased since January when the law was passed.

Kenya has nothing to compare , even the little resources you have , you badly managed it . Checked the oil deposits in turkana , tullow oil was forced out of the deal since it lacks value. No energy company is interested in your backwater country

You could say it's a silver lining of the unintended consequence - certainly it's not strategic. If you wanted to devalue cedis - you'd have to do it slowly - but certainly your gov has lost the handles here.

Just40:
which is also a strategic policy that will bear fruit in 2 years from now.. it is leading to a lesser appetite to import certain things and it is also driving more Ghanaians to put their money into production..

We are seeing this effect in the real estate sector, manufacturing, and Agriculture...
Today, Ghana produces almost a million tonnes of rice which is just about the same as our consumption... And an increase in the production of other staples.

The explosion in growth of restaurants and other service companies.

These are the actual effect we are looking for

No wonder more gold is smuggled than is officially declared.
Gold is the most strategic asset one can think of - it's why your central bank want a piece of it.
Refined gold is easy to be smuggled, under declared or any other shenagians by companies.
You want to be part of the operations....so you have your eyes and ears.
Now I checked Gold Ashanti - there is only one Ghanian in the board....most likely appointed just for PR
The rest of the board are white men and women.

The same for Galamasy - Chinese gangs used to lock themselves in the room where the refining is done - while Ghanians who dug the gold wait for peanuts.

Now when it come to Oil - which Ghanian SOE is in the sector. I bet NONE.

Just40:
Gold mining is not a strategic asset ... Oil is

It was actually smart because theres little to gain from deep mines.. operation cost and taxes takes 90% to 95% of what ever is recoverable.
It was only smart to privatize.

There's nothing like maturity when it comes to gold mining, operation cost only goes up every year as the mine gets deeper.

Yet the cedis continues to fall.

Just40:
who said it's about patriotism... Its purely business and that is why they are lining up trying to compete on who will have the largest share of their stock sold to BOG.

They know the value of the cedi and they are ever ready to sell and so far, BOG has already bought 500,000 ounces.

When export receipt come in, all the exporters already receive cedis for their export and it has been so for more than 20 years now ... So selling to BOG saves them on transportation cost.

So far... BOG gold reserve is growing and that's the most important thing

You never completely privatize strategic assets. No country does that. You're at whims of private sector. What you did in 1992 is moronic - if you completely privatized.

You suppose to do typically 51% public; 49% private, if the asset is strategic or Infant.

Once the industry has matured - gov sells out - but not completely if it's strategic. The rationale for gov owning infant industries is derisk the sector...but once it's profitable..it exit.

Now as we speak you dont own the gold - you dont own the telcom (except airteltigo) - you dont own anything - no airline - nothing - profit is repatriated - it appears mostly to South Africa.

The first priority should be to create 1) Ghana National Gold company - even if it wont be efficient it will mine the gold you need for that forex reserve program 2) National Oil company -

Just40:
We are not a communist country like Kenya... Our days of doing that ended in the 1992.

It is dumb for any govt to put money into gold mining when private capital is doing the needful.

Small skill miners gold are already bought by licensed gold buyers through PMMC and that is where the Bank of Ghana will be getting the remaining of the gold that it will need to buy.

Big mines are already pumping more money into expanding their mines in order to sell to BOG for cedi...
Anglo Gold Ashanti just spent 400 million dollars to expand the business last year or so.

There is no patriotism when money is involved. Ghanians will be first to resist such a move. You cannot exchange gold for a falling cedis. It doesnt make any economic sense.

We shall see - so far - gold purchasing has done nothing but accelerated the cedis fall.

Just40:
yes we can... It is done all over the world.
Even your personal gold, if it is not kept in a vault with you but held by an institution., Govt can take it over and it is done everywhere in the world.

Those who were not happy to sell gold below the market price are all lining up waiting for orders from BOG.
The Cedi is valuable as much as gold now and that is why they are busy selling for cedis.
Where are they going to seize operation and go to?
If they leave, the Ghanaian companies proving 48% of Ghana gold will just take over the remaining 52%

If Ghana had some brains cells still functional; they should start by creating SOE; buying excavators and shovels; and go digging for their own gold; Otherwise small miners will now accelerate the smuggling of gold as they cant exchange it with falling cedis - and big mines - will reduce their operation to bare minimum required to keep their minning licenses.

You cannot talk about gold you dont own. Your sold out for 400m dollars more than 50 percent of Ashanti gold.

You cannot force gold miners to sell their gold in cedis - so you can use it as forex. That is rather obvious. You lost the plot long time ago. Gold companies are not going to exchange something valuable for a useless currency on a free fall. If you try to force them - they will cease operation. Your forex situation will become even more critical - because they are bringing forex (well if they dont repatriate to South Africa and whoever owns the mines).

“Ghana’s government has 10 percent interest in all the mines but beyond the government, there is no Ghanaian who has [even] 2 percent shares in the mines. Ghana’s government has 55%, and they sold their interest from 55% to 25% in 1994.

“So, the Ghana government sold and took 400million dollars out and so Ghana government became 25% and not a 55% shareholder and later on we merged and became AngloGold Ashanti.

“And currently, as we speak, it has zero equity interest in AngloGold Ashanti. The Ghana government had 10 percent in the mines, like Obuasi etc, but as the company that merged, the Ghana government has zero percent of AngloGold Ashanti, which is a shame because we sold,” he said.

Sam Jonah also stated that in South Africa, all the mines are owned by South Africans which meant that profit was not expatriated and that accounted for Johannesburg’s recognition as a gold mining city.

Just40:
Cry more ... Madman

Ghana produces 5 million ounces of gold
And ounce of gold is selling for 1,754 dollars per ounce
BOG will buy 1 million ounces yearly at 1,600 dollars per ounce


Which one is random?

The usual madness of throwing random figures.

Just40:
You forgot the part where it stated that they engaged the BOG to sell gold to them.
They all have no option than to sell 20% to BOG and collect cedis because doing that will reduce their operating cost.

Let's see them draw they line and go to Kenya They do that and Ghanaian companies will effectively take over the entire industry to increase their share from 48% to and 100%


Cry more .... It's already happening and everyone is happy to sell


It's good that Ghana GDP per Capita is 2,700 dollars... Kenya still have a huge way to go from 1,800 dollars

Newmount sold you 3,500 ounces as CSR (they mined 3.3 million ounces out of Ghana) - but asking 20% of their gold - mmmh they will draw the line eventually.

If you're buying gold with cedis that is on a free fall it aint gonna happen.

As for economic prospect - you're likely to go back to low income HIPC this year - with nominal GDP set to half - so you might have gdp per capita of 1000.

Just40:
Newmont is a sane company and so is Anglo Gold...
They are already increasing their mining activities

Cry more
In 5 to 10 years time when Ghana become an upper middle income economy with a currency that is largely reserve backed at 80% like the swiss have done... You'll be here crying more.

That explain why your currency is now JUNK and sovereign credit rating is JUNK and your contribution here JUNK. Ghana is a JUNKYARD.

You're the 1st desperate country to run to gold when they experience forex challenges. It almost the standard respond when countries cannot find USD. The problem you dont even have any gold minning abilities.....and now restorted to "stealing" gold by ordering them to sell gold for useless CEDIS - who will do that? So you can use the same gold as dollars

Why would gold minning company sell their precious stone for cedis ?//

Steve Hanke.
In #Ghana, the #cedi is on its back foot. By my measure, the cedi has depreciated by ~57% against the USD since Jan. 1, 2022. That puts the cedi in the tank as a junk currency.

Just40:
Dumb submission as usual... So every central bank is desperate to secure forex because they are buying gold er?

This policy decision was moved 3 years ago and it started taking shape almost 2 years ago.

This will end badly - as no sane individual will accept to exchange gold for a currency on a free fall - they will simply go slow on gold minning. What happen next - your forex situation becomes even more acute.

Next your gov might have to buy shovels and cans of mercury - and start their own galamsy

Ghana's government on Friday ordered all large mining companies to sell 20% of the entire stock of refined gold at their refineries to the country's central bank starting January 1, part of its plan to stem dwindling foreign currency reserves.

The Bank of Ghana and the government's marketing arm will buy the gold from companies including Newmont (NYSE:NEM), AngloGold Ashanti (NYSE:AU) and Gold Fields (NYSE:GFI) at the spot price with no discounts.

Ghana, which is Africa's second largest gold producer, is struggling to stem a slide in the cedi, the world's worst performing currency this year, dropping 57%.

Just40:
Newmont has already sold for cedis ... Anglo gold Ashanti is waiting for orders from the Bank of Ghana and so are others... They have no need for dollars because all their gold returns were already being converted to cedis and used in Ghana anyway.

Basically.. cedi is king

Keep crying..... Central Banks have been the largest purchasers of gold this year and it is the first time since 1967..
Everyone knows where the wind is blowing towards..

You're mixing two unrelated things. Gold backed cedis - and bauxite used as loan security. The former is desperation in bid to secure forex & has made things worse for cedis - the latter is okay. It's better than using farmers cocoa beans as collateral like you have done before.

vaxx:
Gold has won where oil has failed. We are joining the forces of ending dollarization soon. We first forcefully start buying gold from our major miners in cedis instead of dollar ( the international Company got pissed off but they can only bark, they can't bite )Ghana is the largest gold producing country in africa , they are aware of it. The gold getting from here doesn't consume so much resources like that of any country ( particularly south africa) where you have to dig deeper than necessary making them loosing money and resources . So they have no other option than to succumbed.
The logic is , gold would prevent the exchange rate from directly impacting fuel or utility prices as domestic sellers would no longer need foreign exchange to import oil products. We did something of similar by signing synohdro deal with china , we exchange bauxite with infrastructure deals. They are developing high way roads , constructing bridges and about building the largest dam in the northern region ( Worth about 900 million dollars ) we are exchanging refined bauxite for this deal instead of borrowing cash.

Anglo-Ashanti can only sell Gold to Ghana gov in USD - never useless cedis. Your gov has been struggling to buy from illegal miners. That is why Cedis is has now depreciated more than 150% percent.

You cannot talk about gold when you own no mine - that gold was CONCESSIONED to private sector - and you wait to buy - just like Kenya buys gold.

Just40:
You just get up and post nonsense that you don't know about.
Anglo gold is already selling gold to the Bank Of Ghana and receive Cedis as payment and govt also allowed Ghanaian gold miners to infringe on their reserves.
This made most of the mining firms and their bankers angry, so they retaliated by getting the the likes of Fitch and Moody's to downgrade Ghana using ESQ as their reason(which simply means that Ghana is not adhering to Environmental practices and their policy advise)
It doesnt look like Ghana is backing down.. I mentioned the last time that Ghana had 3 options and one of them was to consider joining BRICs.

Ghana has been lifting oil from all it oil fields since drilling started .. we don't have to own the fields to have 35 to 40% stake in various fields.
We don't need to own a gold company to take wind fall tax of 35 to 40% on all recoverables

This verbiage dont make sense.
You cannot privatize strategic assets completely.
Botswana that has done good job in minerals owns at least 15 percent of De Beers.
You cannot own what you dont mine.
You have to wait for gold miners to sell you the gold - because you cannot mine your own gold.
So all these gold ambitions are empty talk - and that is why Cedis has gone haywire.

Dont even try to compare yourself to kenya - Kenya SOES are all over the map in both strategic and non-strategic assets.

vaxx:
You are just an idiot , always typing hogwash, once you don't know, humbly ask. I always told you, this is not a republic of tea and flower . Govt owns nothing but control everything ( that is govt interest) no govt owns cocoa land too in Ghana, the govt rather buy from farmers and sell it on their behalf .

Ghana has a gold deposit even if at all it is not willing to go to market for it .

They are lot of government reserved area here that has not yet been sold out for private development and even the current largest gold mines ( tarkwa mines), govt owns more than 10 percent shares . And Ghana is now building her gold reserved. Gold miners must sell 20 percent of their gold refined to Ghana govt and cedis will be used to pay . It is a law in Ghana now. Every 20 percent of gold mines in Ghana belong to Ghana government. Govt buy them by law with cedis .

Paying royalties and export tax alone tells you , you indirectly govt owns it while those private company managed it for you. It is win -win situation. Bring your money , find the deposit( oil or gold ) Yourself with your resources ( you might be lucky or not ) if lucky pay royalty on it and get govt interest on it , by automatically awarding shares to govt . Gives job directly to people and indirectly. It therefore decreased govt unnecessary spending. That is logical .

AFDB Industrialization Index. South Africa leads

Another progress in Africa Aviation and Free Trade. - The Single African Air Transport Market(SAATM)

Finally! 15 African countries will pilot (pardon the pun) airlines' Open Sky policy essential to lower cost of flying in Africa. Kenya, Ethiopia, Côte d’Ivoire, Cameroon, Ghana, Moz, Namibia, Nigeria, Rwanda, SA, Senegal, Zambia and others to allow flies to each others' countries.

I think KQ will now be able to fly Accra to Dakar.

Previously all the flights need to go through country airport - before any re-connection. Now airlines can fly to any of 15 countries like they were local destination - remove unnecessary taxes and restrictions - that makes inter-africa flights very expensive.

KaziKazi - you know have a great leader in this woman. This kind of Africa we want...led by progressive leaders..not morons like Magufuli.

Burning kenyan chicks was immoral - and now see the trade has boomed - Tanzania has overtaken kenya and now have positive trade balance.

She revealed that 55 out of the 64 non-tariff barriers that existed between the neighbouring countries in early 2021 have been scrapped.

“Our trade is now booming. Go and read statistics” she said and asked the lawyers to support the cross-border business between the two nations.
https://www.the-star.co.ke/news/2022-11-25-suluhu-hassan-breaks-silence-on-burning-of-kenyas-chicks/

I am sure after next game - you'll have nothing to say about soccer. What is complicated about soccer. It's popular because it possibly the most easiest team sport.

vaxx:
Getting to quarter final in the world cup is a very low standard according to you the daunce, I am really wasting my time . I think you know nothing about football, stick to running. You might make sense

That is why your ministry of finance cannot use gold - but must go to the market - and buy it.
If I was MoF in Ghana - I would want to sit on that board - be part of operation.
There is a lot of crap that goes on there - you need to be part of the operation.
And you need to make decisions as part of company operation

Your gov priority should be to start gold and oil extraction company. You should learn from Nigeria - though NPP is raking losses - but at least they now own like 50% of their oil/gas sector - and are not completely under whims of Shell.

I think Angola owns lot more - and definitely Algeria is SOE run - State-owned national oil company Sonatrach, the largest company in Africa, owns roughly 80 percent of total hydrocarbon production in Algeria

As of now - you just wait at end of the line for royalties and taxes.

vaxx:
you didn't want a reply but forth and back argument. So I wouldn't give you the chance here but for record . Nobody really owns majority in anglo ashanti therefore it belongs to nobody. I am even a shareholder. What is wrong if govt owns nothing at all. They are paying royalty , rental surface tax , export tax and so on. This is capitalist economy

And stop talking about boxing that you last won centuries.Cuba excel in boxing because they have instilled that mentality on Africa west African in their country.They are likely to win world cup of they start taking it seriously than any African team.Fix the loser complaining mentality best exemplified by analyzing an inch of a shoe that was offside and blaming the referee for racism

There are many sports.Some people consider Olympics bigger than world cup ..summer world cup.Some consider winter Olympics even greater.You suck in only sports you could excel because you consider yourself to Africa standards..what is winning Africa cup... Africa is worst in soccer than even middle east ...Every region have natural talent in something based on body build for example...west African have soccer build but they underperform...so problem is not lack of natural talent..it's lack of a winning mentality

vaxx:
You are an idiot , there are two sport in the world , it is football and the rest.the most celebrate sport in the world is soccer

Ghana is four times africa champion, under20 world champion ( the only africa team that has ever won it ) in all area of football, we have performed awesome. This is a football nation. And when it comes to boxing , our men have gotten more award than any nation in africa .

This is your best sports and you suck at it.India play crickets to best level.New Zealand rugby.South Africa just won word cup in rugby.Kenya is world long distance running giant.What is Ghana at world class level at.. nothing...your best in soccer outside the young league where you put overage players is quarters.You have talent for soccer and short distance running but you lack a winning mentality. France with African players likely to win because of their instilled mentality... Africa with their huge talent will underperform blaming racism when they have instilled a loser complaining mentality.The loser focus on an. Inch of a shoe that was offside to explain a loss.Not hundreds of their own mistakes..it always the referee.I come from a community that had excelled so much in sports it been studied...one thing they all conclude..is our mentality..we don't complain..we are mentally natured to be strong

vaxx:
we lost and so? And portugal conceded two goals as well. The game is still on. Corruption must be replaced with deligent work , where there is corruption, it doesn't matter who meted it , it shall be discussed. We have won under20 world cup once , so I don't get your logic by repeating it when you said africa haven't "reached it's potential". We once reached quarter final of the senior team world cup. So what is your problem. You have a more bigger problem when it comes to soccer than Ghana , you aren't the right person to advice Ghana. Your country is sick when it comes to soccer . my local home team will beat down your national team . This is a fact .