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05/06/2009: "Barclays Bank To Support Poverty, Crime In Ghana & W.Africa."
Barclays bank is playing a lead role in the establishment of a tax haven in Ghana, in a move that could see huge mineral wealth in west Africa vanish into it from poverty-stricken countries' coffers, the Observer can reveal.
Vince Cable, Liberal Democrat Treasury spokesman, said: "Barclays seems to be the market leader in tax avoidance schemes and Ghana is a new name to add to the list. Unfortunately this is a very cynical way of doing business and I trust this will be noted by the government if ever they need to ask for cash."
Wilson Prichard, a member of the governance team at the Sussex University-based Institute of Development Studies, whose report on Ghana's tax and development is due to be published later this month, said: "Oil-producing nations are plagued by corruption and drug trafficking and the creation of this international financial services centre will make this worse - not better."
[ Whites are made to feel collective guilt for the exploitation of Third World nations. But here, those of us who can discriminate can see the large hooked nose of the real culprits. ]
http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=161503