Tuesday, May 17, 2022
  • Login
The Investigator News
Advertisement
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Intelligence Xclusive: Gen. Muhoozi eyes Premier Peter Mayiga for Vice Presidency, Chairman Norbert Mao for Prime Minister

    Intelligence Xclusive: Gen. Muhoozi eyes Premier Peter Mayiga for Vice Presidency, Chairman Norbert Mao for Prime Minister

    Must Read Big Story: Tycoon Patrick Bitature Floors South African Loan Sharks in Fraudulent UDS30M Transaction

    Must Read Big Story: Tycoon Patrick Bitature Floors South African Loan Sharks in Fraudulent UDS30M Transaction

    EC New Home Panic: Ugly Encumbrances emerge on Butabika Land, IGG Strips Self Naked as Ownership gets questioned

    EC New Home Panic: Ugly Encumbrances emerge on Butabika Land, IGG Strips Self Naked as Ownership gets questioned

    Salim Saleh: The General who Rejected to be President but Elected Playing Second Fiddle and diffusing Poverty from Society!

    Salim Saleh: The General who Rejected to be President but Elected Playing Second Fiddle and diffusing Poverty from Society!

    Sunday Flashback: How Suleiman Kiggundu Told-off Brethren over a Noble idea of Starting a Moslems Bank but Hijacked It!

    Sunday Flashback: How Suleiman Kiggundu Told-off Brethren over a Noble idea of Starting a Moslems Bank but Hijacked It!

    Airport Upgrade Scam: MP Ssenyonyi Socially Run Bonkers as UGX1Bn Cosase Bribe Strips MPs barely naked

    Airport Upgrade Scam: MP Ssenyonyi Socially Run Bonkers as UGX1Bn Cosase Bribe Strips MPs barely naked

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup
    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    Outgoing PRAU President Cynthia Mpanga (right) hands over the key to new PRAU President Sarah Kagingo as PRAU Patron Min. Frank Tumwebaze looks on

    Hon. Frank Tumwebaze graces PRAU Governing Council Handover Ceremony

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    To Connect the Unconnected with Innovations towards Inclusive Growth

    To Connect the Unconnected with Innovations towards Inclusive Growth

    Cindy Sanyu

    Cindy Sanyu to headline Eastern Megafest

    Vincent Omoth – Marketing Manager Fresh Dairy (L) hands over 20 classroom desks to Head Teacher Kirinya Catholic School

    Fresh Dairy donates classroom desks to Kirinya Catholic Primary School

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    The Victory-ia Pearls Cricket Team Thrashes ICC’s High Ranking Women Nepal side, goes Chest-thumping

    The Victory-ia Pearls Cricket Team Thrashes ICC’s High Ranking Women Nepal side, goes Chest-thumping

    Jumping to the Topmost: Nansana Galaxy Club Currently enjoying the Top Spot of the 2022 ULF top tier Ludo League

    Jumping to the Topmost: Nansana Galaxy Club Currently enjoying the Top Spot of the 2022 ULF top tier Ludo League

    Deservedly Honoured: Hasifah Nassuuna Receives a Standing Ovation on scoring her 100th goal, Setting a historical Record

    Deservedly Honoured: Hasifah Nassuuna Receives a Standing Ovation on scoring her 100th goal, Setting a historical Record

    More Clout: Crested Cranes Welcome Two Professionals, set to face Rwanda, Burundi and Djibouti at Women Championship 

    More Clout: Crested Cranes Welcome Two Professionals, set to face Rwanda, Burundi and Djibouti at Women Championship

    Necessary Rant: Lines Drawn as Struggle to Reclaim National Theatre Management is Launched against the Current Ruins 

    Necessary Rant: Lines Drawn as Struggle to Reclaim National Theatre Management is Launched against the Current Ruins

    Running in Blood: We bring you the full list of Father-Mother-Son-Sister in today’s Uganda Sports World Business

    Running in Blood: We bring you the full list of Father-Mother-Son-Sister in today’s Uganda Sports World Business

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Expert adds Scientific Angle to NCS’s Witchcraft Scandal without Dismissing the Vice as a Big Pass time for Africans

    Expert adds Scientific Angle to NCS’s Witchcraft Scandal without Dismissing the Vice as a Big Pass time for Africans

    Covid-Funds-Theft Records: Top Health Ministry Officials Stuck with UGX52Bn Loot as Districts Jam to Account for Air 

    Covid-Funds-Theft Records: Top Health Ministry Officials Stuck with UGX52Bn Loot as Districts Jam to Account for Air

    National Water and Sewerage Corporation Technical Staff’ Skills Enhanced for Better Service Delivery 

    National Water and Sewerage Corporation Technical Staff’ Skills Enhanced for Better Service Delivery

    The Story: How Nabilah’s Sobbing Husband Ssempala Left a Hole into which Barya Slipped and Filled

    The Story: How Nabilah’s Sobbing Husband Ssempala Left a Hole into which Barya Slipped and Filled

    U`re Hypocrites: Ugandan Socialite Zaituni Kirigwajjo aka Zari Freezes her Appearances on all Uganda Events 

    U`re Hypocrites: Ugandan Socialite Zaituni Kirigwajjo aka Zari Freezes her Appearances on all Uganda Events

    Kudos Guys: NBL Keeps Mum as Mwiiri OBs and MACOS Respond to SOS Call and Raise UGX16M for Sick Shem Ssemambo

    Kudos Guys: NBL Keeps Mum as Mwiiri OBs and MACOS Respond to SOS Call and Raise UGX16M for Sick Shem Ssemambo

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Opinions
    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    To Connect the Unconnected with Innovations towards Inclusive Growth

    To Connect the Unconnected with Innovations towards Inclusive Growth

    Cindy Sanyu

    Cindy Sanyu to headline Eastern Megafest

  • 2021 Uganda Elections
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Intelligence Xclusive: Gen. Muhoozi eyes Premier Peter Mayiga for Vice Presidency, Chairman Norbert Mao for Prime Minister

    Intelligence Xclusive: Gen. Muhoozi eyes Premier Peter Mayiga for Vice Presidency, Chairman Norbert Mao for Prime Minister

    Must Read Big Story: Tycoon Patrick Bitature Floors South African Loan Sharks in Fraudulent UDS30M Transaction

    Must Read Big Story: Tycoon Patrick Bitature Floors South African Loan Sharks in Fraudulent UDS30M Transaction

    EC New Home Panic: Ugly Encumbrances emerge on Butabika Land, IGG Strips Self Naked as Ownership gets questioned

    EC New Home Panic: Ugly Encumbrances emerge on Butabika Land, IGG Strips Self Naked as Ownership gets questioned

    Salim Saleh: The General who Rejected to be President but Elected Playing Second Fiddle and diffusing Poverty from Society!

    Salim Saleh: The General who Rejected to be President but Elected Playing Second Fiddle and diffusing Poverty from Society!

    Sunday Flashback: How Suleiman Kiggundu Told-off Brethren over a Noble idea of Starting a Moslems Bank but Hijacked It!

    Sunday Flashback: How Suleiman Kiggundu Told-off Brethren over a Noble idea of Starting a Moslems Bank but Hijacked It!

    Airport Upgrade Scam: MP Ssenyonyi Socially Run Bonkers as UGX1Bn Cosase Bribe Strips MPs barely naked

    Airport Upgrade Scam: MP Ssenyonyi Socially Run Bonkers as UGX1Bn Cosase Bribe Strips MPs barely naked

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup
    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    Outgoing PRAU President Cynthia Mpanga (right) hands over the key to new PRAU President Sarah Kagingo as PRAU Patron Min. Frank Tumwebaze looks on

    Hon. Frank Tumwebaze graces PRAU Governing Council Handover Ceremony

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    To Connect the Unconnected with Innovations towards Inclusive Growth

    To Connect the Unconnected with Innovations towards Inclusive Growth

    Cindy Sanyu

    Cindy Sanyu to headline Eastern Megafest

    Vincent Omoth – Marketing Manager Fresh Dairy (L) hands over 20 classroom desks to Head Teacher Kirinya Catholic School

    Fresh Dairy donates classroom desks to Kirinya Catholic Primary School

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    The Victory-ia Pearls Cricket Team Thrashes ICC’s High Ranking Women Nepal side, goes Chest-thumping

    The Victory-ia Pearls Cricket Team Thrashes ICC’s High Ranking Women Nepal side, goes Chest-thumping

    Jumping to the Topmost: Nansana Galaxy Club Currently enjoying the Top Spot of the 2022 ULF top tier Ludo League

    Jumping to the Topmost: Nansana Galaxy Club Currently enjoying the Top Spot of the 2022 ULF top tier Ludo League

    Deservedly Honoured: Hasifah Nassuuna Receives a Standing Ovation on scoring her 100th goal, Setting a historical Record

    Deservedly Honoured: Hasifah Nassuuna Receives a Standing Ovation on scoring her 100th goal, Setting a historical Record

    More Clout: Crested Cranes Welcome Two Professionals, set to face Rwanda, Burundi and Djibouti at Women Championship 

    More Clout: Crested Cranes Welcome Two Professionals, set to face Rwanda, Burundi and Djibouti at Women Championship

    Necessary Rant: Lines Drawn as Struggle to Reclaim National Theatre Management is Launched against the Current Ruins 

    Necessary Rant: Lines Drawn as Struggle to Reclaim National Theatre Management is Launched against the Current Ruins

    Running in Blood: We bring you the full list of Father-Mother-Son-Sister in today’s Uganda Sports World Business

    Running in Blood: We bring you the full list of Father-Mother-Son-Sister in today’s Uganda Sports World Business

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Expert adds Scientific Angle to NCS’s Witchcraft Scandal without Dismissing the Vice as a Big Pass time for Africans

    Expert adds Scientific Angle to NCS’s Witchcraft Scandal without Dismissing the Vice as a Big Pass time for Africans

    Covid-Funds-Theft Records: Top Health Ministry Officials Stuck with UGX52Bn Loot as Districts Jam to Account for Air 

    Covid-Funds-Theft Records: Top Health Ministry Officials Stuck with UGX52Bn Loot as Districts Jam to Account for Air

    National Water and Sewerage Corporation Technical Staff’ Skills Enhanced for Better Service Delivery 

    National Water and Sewerage Corporation Technical Staff’ Skills Enhanced for Better Service Delivery

    The Story: How Nabilah’s Sobbing Husband Ssempala Left a Hole into which Barya Slipped and Filled

    The Story: How Nabilah’s Sobbing Husband Ssempala Left a Hole into which Barya Slipped and Filled

    U`re Hypocrites: Ugandan Socialite Zaituni Kirigwajjo aka Zari Freezes her Appearances on all Uganda Events 

    U`re Hypocrites: Ugandan Socialite Zaituni Kirigwajjo aka Zari Freezes her Appearances on all Uganda Events

    Kudos Guys: NBL Keeps Mum as Mwiiri OBs and MACOS Respond to SOS Call and Raise UGX16M for Sick Shem Ssemambo

    Kudos Guys: NBL Keeps Mum as Mwiiri OBs and MACOS Respond to SOS Call and Raise UGX16M for Sick Shem Ssemambo

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Opinions
    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    To Connect the Unconnected with Innovations towards Inclusive Growth

    To Connect the Unconnected with Innovations towards Inclusive Growth

    Cindy Sanyu

    Cindy Sanyu to headline Eastern Megafest

  • 2021 Uganda Elections
No Result
View All Result
The Investigator News
No Result
View All Result

Ramathan Ggoobi: How Govt Job Has Amazingly Changed Finance PS to Backing Anti-People Economics

April 18, 2022
inBusiness, Featured
Ramathan Ggoobi: How Govt Job Has Amazingly Changed Finance PS to Backing Anti-People Economics

New Character: Ggoobi greatly changed against the ordinary Ugandan (Courtesy Photo)

2k
SHARES
3k
VIEWS
WhatsappShare on FacebookShare on Twitter

Political analyst Yoga Adhola once remarked how our current President, Yoweri Kaguta Museveni Tibuhaburwa used to think differently while struggling to capture power, and how he has since seizing power, altered most of the ideas he used to espouse.

For instance, the president is known to have espoused socialism while fighting in the bush. But he changed into a great fan of capitalism. The same son of Kaguta used to lampoon past leaders for living opulently, at the same time jiggers were feeding off the people they were leading. He despised leaders who were buying luxurious things including chairs and tables from abroad. 

This is how he ended up buying the moderately low-priced Santana vehicles for the cabinet ministers during earlier days in power. And Oh! How he would famously proclaim he would be purchasing beds and chairs from carpenters operating from the slums of Katwe!

Whether Museveni has remained true to his previous vows and many others not mentioned here, the jury is out there in the open for anyone to make theirinterpretations.

Only that some politician with a fat sense of humor proclaimed in the past how if the Museveni of the early years in power met the Museveni of today, he would marvel greatly regarding the manner in which he is doing things.

 Ramathan Ggoobi

Coming now to my friend Dr Ramathan Ggoobi, I am simply amazed by the way he has changed since the day he found himself at the Ministry of Finance and Economic Planning as the all-powerful Permanent Secretary (PS)!

Accept as true, Ramathan is my great pal. It doesn’t even matter if he doesn’t return the favor. He is my friend at any rate. I first came to know the PS from his insightful, tickling as well as reader friendly writings in regards to the subject of economics. 

I loved what he was writing. So much so much that I ended up looking for his articles in the Sunrise newspaper every passing Friday and handed them to my son,then studying for his A-Level.

The well-articulated articles helped my son to earn a straight `A` in the subject for which I would be forever grateful to the PS. I hope now you understand when I say Ramathan is truly a great friend of yours truly.

Yet, I am perturbed to report how I am getting alarmed at how Ggoobi has changed since he landed the government job. I first got alarmed when he stepped out and defended the skyrocketing prices of essential commodities.

Hiked commodity prices amid wastage

Ggoobi told the disgruntled Ugandans, including his poor relatives and villagemates back in Gomba, to continue tightening their belts because there is nothing the government can do to tame the prices since what is going on is a global phenomenon.

But, what we are purchasing at higher prices, is relatively cheap just here across our borders. So, we can’t stop asking why this is the case! True, all the hard times call for tightening of belts. But we continue to see government, its officials and MPs, spending extravagantly, with loosened belts! 

This means, the jolly economist isn’t preaching to the government, it’s bloated staff, stadium of cabinet ministers, hundreds of MPs and thousands of cheerleaders and hangers-on, what he is preaching to us. In short, Ggoobi is preaching wine to the government and preaching waragi to us ordinary people!

Let us pose what we feel are relevant questions pertinent, for the PS to answer. Why is the price of power in Uganda high yet in neighboring countries, where we sell the same power, the prices are relatively low?

At any rate, why doesn’t Ggoobi advise the government to put in place checks and balances ahead of time, to counterbalance the high commodity prices? And merely wait to tell us how the global prices are affecting us when the bad financial times have actually hit us?

Hiked taxes

Ggoobi also rejects suggestions that the government should reduce taxes on essential goods. He avers how the government can’t do so since it needs taxes to operate. We totally agree. Only that yours truly humbly counsels that a good taxation regime doesn’t overcharge taxes as to make life hard for ordinary people.

Such practices are bad since exorbitant taxes are counterproductive, seeing that they can force companies to close down or migrate to areas where taxes happen to be relatively reasonable. Why do we, for Heaven’s sake, levy high taxes on each liter of fuel and kerosene purchased? Yet Rwanda which imports fuel from where we also import it, charges less than what we charge?

Doesn’t elementary economics inform us that when the above happens, fuel dealers end up passing the high taxes onto the consumer by pricing their products expensively? In any case, no one will surely want not to pay taxes if he or she is assured of good medication at the national health centers, just for one example.

Who wouldn’t like to pay taxes, honestly, if he or she knows deep inside that the taxes aren’t going to end up being robbed by politicians and government officials or squandered on wasteful government expenditures?

Subsidizes, funny money

He told Ugandans to forget about subsidies saying they would make a bad situation worse. This advice, as if the government isn’t known to pass on hefty bail-outs to selected private business people.!

The PS despises people who he says want the government to print more money to solve the problem of lack of money. We know fully well how flooding the market with funny money is bad. But we are also aware that the little money we have is being squandered by politicians in government and outside it. The wastage is leaving us with no money to spend on vital things.

Coffee Investor and non-existent specialized hospital

Ggoobi also addressed the saga regarding an Italian investor, of `Uganda` Vinci Coffee Company Limited, owned by Italian `Businesswoman` Enrica Pinetti, whomthe regime handed the deal of exporting Uganda’s coffee complete with a full ten-year tax exemption incentive along with hefty sums of funds belonging to the already poor taxpayer!

The good economist doesn’t treat what the government did as a monopoly. He says the deal is the best ever done by the regime. This stance, even when the Italian was handed free land and cash to construct in Lubowa along Entebbe highway, what the regime pledged was going to be a “fabulous” specialized hospital, but the land has remained idle for all these years? 

Yet Ggoobi, the economist-turned advocate for the Italian investor, didn’t find it courteous to tell the world what the Italian did with the taxpayer’s money and why she hasn’t for years now, delivered the “fabulous” healthy facility?

Maybe, the good economist now thinks it’s no longer good wisdom to carry out due diligence on people you want to give business of the magnitude we gave to the Italian. It would appear Ggoobi, the son of the soil, has just arrived from planet Mars, a newcomer to Country Uganda, only without the uniform!

This can possibly explain why he isn’t privy to how some people who hit town posturing as investors before this one he is promoting, ended up as total disappointments after the regime donated to them hefty deals complete with hefty incentives.

Bad association

I repeat, I know the yesterday Ggoobi, a friend of mine. But I am afraid I am beginning to be confused by the kind of economics he is espousing these days. Well, as they say, you can tell the conduct of someone by merely checking out his or her associates, I will struggle to live with my changed Ggoobi now that he got new associates. After all, Judas Iscariot was a good guy too, until he linked up with the guys at Herod’s courtyard. I rest my case.

Author Profile

Stephen Kasozi Muwambi
Stephen Kasozi Muwambi
Mr. Stephen Kasozi Muwambi is a seasoned crime investigative writer, majoring in judicial-based stories. His two decades’ experience as a senior investigative journalist has made him one of the best to reckon on in Uganda. He can also be reached via [email protected]
Latest entries

Author Archives

  • Featured2022.05.17Easy Quiz: How Dr. Kizza Besigye and Bobi Wine are Returning the favor to Yoweri Museveni thru Muhoozi for their Promotion
  • Opinion2022.05.11Intelligence Xclusive: Gen. Muhoozi eyes Premier Peter Mayiga for Vice Presidency, Chairman Norbert Mao for Prime Minister
  • Business2022.05.11Must Read Big Story: Tycoon Patrick Bitature Floors South African Loan Sharks in Fraudulent UDS30M Transaction
  • Crime news2022.05.09Wavamunno Tales: How City Businessman Pulled-off a Hot Dollars` Robbery from the Comfort of His Kampala Home!
Tags: Enrica PinettiItalian to Export Ugandan CoffeeRamathan Ggoobi
SendShare786Tweet491
  • Terms of Use
  • Privacy & Policy
  • Contact

© 2022 The Investigator News - More Than Just News Without Fear or Favour.

No Result
View All Result

© 2022 The Investigator News - More Than Just News Without Fear or Favour.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In