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WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. - Business - UpGhana

UpGhana Forum / Business / WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. (22 Posts | 2,688 Views)

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WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by EA524(m) : 12:06 pm On Feb 28

I met a powerful South African multi-millionaire business magnate with business presence across the continent. He had just hinted me that he just finalised a deal to enter the Nigerian market and was considering Ghana too. Having told me he has studied Ghana for about 5 years and now he is considering entering Ghana – I could not help but ask him a few questions about Ghana and his response has kept me thinking. Please take a look at this conversation and let us discuss.

Me: “Sir, please I need some insight from you and kindly permit me to ask them in the form of a passage cascaded with my questions.
Why don’t we have dollar billionaires in Ghana?

Since you just returned from Nigeria, permit me to cite them as an example; why don’t we have the Aliko Dangotes, the Mike Adenugas, the Tony Elumelus, folks who have built private businesses that has become major multinational corporations employing 10s of 1,000s. Dangote alone employs over 26,000 workers. Sir even if we digress into Ministry, David Oyedepo’s CanaanLand alone employs over 2000 staff; I mean the employed population alone are more than a whole congregation of a typical Ghanaian mega-church Sunday attendance. There are over 40 nigerian registered private Jets and some owners like Orji Uzo Kalu have 5, Oyedepo has 4, Adenuga has 3, Dangote has 2!

What are we not doing right here? Is there anything wrong with THE GHANAIAN? Most of our major businesses have been dominated by foreigners who employ our people and in some cases don’t even pay them well and with denigrating treatment.
Can you help attempt to solve this puzzle in my mind?”

It was a WhatsApp chat with this Magnate, he heeved a very long sigh; “hmmmmmmmmmm…” he typed. Then, I think the passage and its questions were too complex to reply with a typed chat, so he chose a better path and rather sent a very lengthy voice note.
I will try to type out all he said in the note verbatim, so it doesn’t lose its consummate meaning.

“Well, BigG, you have asked very deep and well articulately-coined questions, but let me try and put it in a simple way and let’s see if this will make a home-run for you.” He began.

“Actually, the answer to your question is a complex one. The first thing I will say is that I think Ghanaians are one of the most extremely well-mannered people I have ever met on earth. They are peace-inclined, they are organised and have more patience, I first noticed that in 2012 when I first came and saw that passengers understood queues, drivers were relatively more disciplined in their lanes and obeyed traffic lights – far better than what I had experienced in Lagos.

Having said that, I think this calm and patient disposition of the Ghanaian, although a praise-worthy virtue, could become a weakness if not closely monitored. Many of you Ghanaians are not angry! You are not provoked to do more and take more out of life. Partly because of your naturally less-aggresive build-up, so when many of your Entrepreneurs are able to push to a point where they have become the top-most in your sphere of contact, and they win some fews awards here and there, they are full, their hunger is full, they go to bed.

Another factor I have observed is that most of you guys talk too much and do less, then you also don’t truly love each other’s progress deep down your hearts.

BigG let me be candid with you, there are millionaires in your country who can easily buy a Jet, as your question seemed to suggest that the Ghanaian does not have the capacity, they do. But do you know why they haven’t?
Fear of too much talk in town – the Ghanaian doesn’t like muddying the waters that can create unnecessary ripples.

Fear of victimisation – the Ghanaian thinks he might be monitored or victimised by powers that be and since most people are not genuinely happy for eachother, he will rather “stay calmly in his corner”, but you see, that kind of thinking never produce Billionaires! A Billionaire is an alloy of bravado and reckless guts.
So that is why you dont see the jets there, in Nigeria nobody cares! Because everyone is busy doing, the competition to survive is too fierce fierce to have time for a fora or a communique on why Orji has 5 jets.

Another factor is Government, check all around the World, most billionaire entrepreneurs blew off that “M” ceiling into “B” because of favourable Government policies. The Nigerian Government at those times smithed those billionaires by creating intentional policies that changed the game globally for the Dangotes and the Adenugas. They are in no way smarter than your Amoabeng UT Founder or your Patrick Awuah of Ashesi, but I doubt if those folks of yours will ever enter the “B” bracket in their lifetime except Government identifies such Entrepreneurs and deliberately create channels of extreme prosperity through them by forming policies that can make it happen. I hope my response has answered you well? Some people play the population and size card, but I quite frankly think it is not a strong argument. What do you think too BigG?”

Folks, that was the content of the voice note, when I finished listening, I was overwhelmed with emotions.
Now, let’s discuss. Do you agree with him? What are your own thoughts too. How can we improve as Ghanaians and build a more prosperous nation with companies becoming MNCs and employing 10s of 1000s of people?

Source: TheBigGodwin
  

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by IronRod(m) : 4:00 pm On Dec 14

Nice article. So there's no billionaire in Ghana? shocked

I'm a Nigerian by the way lips are sealed

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by Aizen(m) : 8:56 pm On Dec 15

Another factor I have observed is that most of you guys talk too much and do less. Rep naija.

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by Anna(f) : 9:53 pm On Dec 15

Aizen: Another factor I have observed is that most of you guys talk too much and do less. Rep naija.


do u v any grudge for us..or y this denigrating remark?

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by christianitesi(m) : 5:51 pm On Dec 16

Interesting, Nigerians 1 - Ghana 0

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by christianitesi(m) : 5:52 pm On Dec 16

Interesting, Nigerians 1 - Ghana 0

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by knight005(m) : 5:59 pm On Dec 16

am buying giftcards
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Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by quacojr(m) : 7:30 pm On Dec 16

Nigera has lots of Billionaires, i stand corrected last i checked the richest black woman ahead of Opera is a Nigerian. The oil business and the population size are leading factors. More over Nigerians patronize products made in Nigeria so business men are very wealthy.

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by Bigkwame(m) : 7:48 pm On Dec 16

Quacojr, pls ban this guy. He z spamming d thread
knight005: am buying giftcards
(iTunes, amazon, Walmart, Vanilla etc)

Terms on my iTunes card deals...
UK- Minimum is $25
AUD- minimum is $50
CAD- minimum is $150
USD- Any amount. but with $100 as max denomination


Terms on amazon card deal.
Almost any amount but with the presentation of the receipt.

Same thing applies to both Walmart gift cards and Vanilla cards.. but better deal is Walmart minimum you send is $50..

New rates on itunes gift cards
$50 - $99 @ 200 for singles
$100 - $999 now @ 210
$1000 - $4999 now @ 250
$5000 and above @270

single cards above a denomination of $100 no longer accepted

cashout now about an hour. i pay faster than western union. call or whatsapp me let me help u change that giftcard to naira within 24hrs.

Call or Whatsapp me on
090_718_756_97
now to sell your cards. i am loading presently

NOTE: codes only wont be accepted. The pictures of the cards must be sent

The above deals are ones I can guarantee you a very swift transaction and Instant payment. So don't dull, don't be greedy either.. best rate is right here at my end.

Call me or whatsapp me on 090_718_756_97 now.

sale of bitcoins is now available. buyers should also contact me

Jah bless us all

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by IronRod(m) : 9:14 pm On Dec 16

quacojr: Nigera has lots of Billionaires, i stand corrected last i checked the richest black woman ahead of Opera is a Nigerian. The oil business and the population size are leading factors. More over Nigerians patronize products made in Nigeria so business men are very wealthy.
most Nigerians do patronize foreign products. It's just now that their eyes are opening and they are now realizing how important it is to patronize goods made in the country. Is Ghana facing similar issues?

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by christianitesi(m) : 9:33 pm On Dec 16

IronRod: most Nigerians do patronize foreign products. It's just now that their eyes are opening and they are now realizing how important it is to patronize goods made in the country. Is Ghana facing similar issues?

yeah, Nigerians just realized the damage they were constituting to their economy by patronizing foreign goods, but now they prefer made in Nigerian goods, cus sometimes the quality is better, am talking from personal experience, am kinda from Nigeria, lol grin grin cheesy tongue

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by quacojr(m) : 9:38 pm On Dec 16

Yh, most Ghanaians prefer foreign product one reason why Sarkodia, despite his fame and fan base his sark collection flopped.
IronRod: most Nigerians do patronize foreign products. It's just now that their eyes are opening and they are now realizing how important it is to patronize goods made in the country. Is Ghana facing similar issues?

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by IronRod(m) : 10:45 pm On Dec 16

christianitesi:
yeah, Nigerians just realized the damage they were constituting to their economy by patronizing foreign goods, but now they prefer made in Nigerian goods, cus sometimes the quality is better, am talking from personal experience, am kinda from Nigeria, lol grin grin cheesy tongue
which one is kinda from Nigeria?
You are either from Nigeria or from the bush lips are sealed grin grin cheesy tongue

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by gracia(f) : 12:54 am On Dec 17

My boyfriend AMBROSE is a Nigerian(we met here though..tnx to upghana) and from my experience I know Nigerians generally have more entrepreneurship aggression than Ghanaians. That I think is another key factor while they have more Billionaires.

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by Bentilo(m) : 5:45 am On Dec 17

My guys we have secret billionairs in Ghana......if you din't know.......

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by Aizen(m) : 8:48 am On Dec 17

Anna:

do u v any grudge for us..or y this denigrating remark?

No offence meant. was just stating the obvious, if you had read the article you would noticed that I summarised it. so please read and understand. besides I luv Gh. You look bea

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by mameadjoabrnya(f) : 12:18 pm On Dec 18

Because the money goes to one's pocket

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by christianitesi(m) : 1:31 pm On Dec 18

IronRod: which one is kinda from Nigeria?
You are either from Nigeria or from the bush lips are sealed grin grin cheesy tongue

if i slap you ehh sad sad

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by Anna(f) : 8:46 pm On Dec 18

christianitesi:
if i slap you ehh sad sad

lol..where did you get the pics of that funny-looking man?

Re: WHY THERE ARE NO BILLIONAIRES IN GHANA, BUT IN NIGERIA. by christianitesi(m) : 9:50 pm On Dec 18

Anna:
lol..where did you get the pics of that funny-looking man?

lol grin grin

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