MinBane

I write what I like.

Opinion: Galloping money away!

In Ghana it is now reported that several (69-88) of Hyundai Gallopers are now being auctioned after sitting idle for 18 years in the same compound. Because the original buyer and state official made an gentleman’s agreement with the company selling the cars.

Since then, there been governments coming and going. The government taking over for the first one. Didn’t want to cover the cost or the specifications of the cars. So they let it sit and wait. While it took about ten years and other government to pay the company. Even as the Company still didn’t have an official contract of the trade, but they were still sitting there.

The Hyundai’s has been there for two decades, losing money and fresh from the boat. They was there from 2001 to 2019. Payment on the cars from the government happen on three times in 2010 and now is soled for a fraction of the value. The Hyundai’s are sold for fraction, some reports are as low as scrap-metal because of the weather on the compound after 2 decades untouched.

Clearly, this is a sign. This is show of lack due diligence, public officials wasting state reserves on possible status symbols. Surely, today, the government are buying SUVs too. Maybe some Prado’s or Land Rovers to proudly pass by the villages where the citizens reside. However, they are done through tenders, legal contracts and by budget allocations.

Still, this whole story says a lot about what could go wrong. One man made an agreement with an supplier, for the common good, to deliver to county officials and others. Still, they didn’t receive them, because the state lacked contracts and came into a dispute with the company delivering them. Therefore, the cars was stuck in one place, which they were for too long. Therefore, the state wasn’t only defaulting on the payments for the product, but the product wasn’t even used. Before it ended its tragic saga at the scrapyard. Being the most expensive scrap and wasted public funds in a little while.

This was money just galloping way, they ran with it and the gentlemen lost. Peace.

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