KGL’s “big payments” are the price of state-backed monopoly, not heroism

The result is that the current structure discourages new entrants, who know the most valuable channel is out of reach and stifles innovation, because dominance reduces the need to improve. It also concentrates risk, leaving the state dependent on one player’s continued performance, compliance I daresay dictates. In economic terms, this is a rent-extraction system, not a dynamic market and it is gladdening to hear that the government, through the venerable Attorney General and Minister for Ju...

By Isaac Yeboah