Monday, June 18, 2007

As the Week Opens in Accra: Stanbic's Imperialist Stretch Reaches to Ghana's Shores in its Total Acquisition of ADB

The news of Stanbic Bank's complete takeover of Ghana's Agricultural Development Bank has made me a very sad man. And it's filled me with rage.

I have written about South Africa before, and as long as this blog is alive, I will continue to write about the country's imperialist aspirations.

This is a country that has huge potential to be a positive force on the African continent, given its financial clout, yet choses to use this power and clout to perpetuate its viscerally-exploitative tendencies.

Let's face it: 100% takeovers by a firm of another African country's key sector bank has hardly ever been, and never will be altruistic.

The saddest thing is that South Africa--a country whose pretensions to Pan-African unity are as spurious as the Black Economic Empowerment programme the country seeks to use to give one the impression that it is no longer under the purview of the West. It's attitude is a farce--and wrong.

I have one South African friend, and so if I am accused of being racist, I duly apologise, but I trust she will understand my visceral disgust with the geopolitics of her country that I am against--and not her.

That said, if this blog is my oxygen, I will not just breathe, but shout to the hills: I do not want any more South African elements in this country of Ghana.

The question, then, is: would I have felt this way of Nigerians had come to take over ADB? First of all, I do not believe that Nigerians--for all the "fears" they generate, would have contemplated such a heinous move, and, no, I probably wouldn't have felt so enraged, given that they are of West African stock, but not the South Africans.

I do not believe they are people-centred, because the country has a superficial veneer of prosperity generated by Blacks, when, in reality, it is the white minority that is pulling the strings--yet again.

As South Africa is in the news for the nation-wide strikes, you get to wonder where its priorities remain.

In my view, the country has become a malevolent exemplification of a modern and amoral (financial) Realpolitik that seeks to exploit Black Africa, and perpetuate the very financial apartheid Osagyefo Dr.Kwame Nkrumah fought ferociously against to free that country from the shackles of imperialism.
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