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Let’s respect our constitutions to avoid military overthrow – Prez George Weah advises ECOWAS Heads of State

Let’s respect our constitutions to avoid military overthrow – Prez George Weah advises ECOWAS Heads of State

September 9, 2021
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You may also wish to seek legal or tax advice at key points in your journey. Planning ahead for obligations such as annual tax payments or quarterly filings ensures that you are not caught off guard. Meeting your statutory responsibilities consistently is a mark of a well-run business. 6. Manage Your Risks Running any business involves risk. These risks may include delayed payments from customers, unexpected costs, economic downturns, or even natural disasters. For small businesses operating with limited resources, such events can be difficult to absorb. This is why risk management must be part of your financial routine. Start by identifying the main risks that could affect your business. Put in place basic measures to protect your operations. This could mean setting aside emergency reserves, purchasing insurance, or diversifying your income streams. Being proactive about risk does not eliminate uncertainty, but it helps you stay in control when challenges arise. It also signals to lenders, partners, and customers that your business is prepared and resilient. 7. Separate Business and Personal Finances It may be tempting to treat your business account as your personal wallet, especially in the early stages. However, failing to separate your business and personal finances can lead to confusion, tax problems, and credibility issues. As a business owner, you should pay yourself a fixed salary. Avoid withdrawing funds at random or covering personal expenses with business income. If you invest personal funds in the business, document it properly as a loan or equity contribution. Keeping your finances separate helps you maintain clear records, assess business performance accurately, and present your enterprise in a more professional light to partners, banks, and regulators. At Absa Bank, we believe that strong financial habits form the backbone of every successful enterprise. Our commitment is to walk with our clients and customers at each stage of their journey, providing guidance, tools, and solutions that help SMEs grow sustainably and with purpose.

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Let’s respect our constitutions to avoid military overthrow – Prez George Weah advises ECOWAS Heads of State

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Let’s respect our constitutions to avoid military overthrow – Prez George Weah advises ECOWAS Heads of State
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President George Weah has become uneasy with the news of a military takeover in neighboring Guinea on Sunday, September 5, 2021.

Besides his cordial relationship with his political father, president Alpha Conde, he sees that coup as disturbing for the region.

READ MORE: Go and beg Jean Mensa for forgiveness – Mahama advised

Weah, speaking in an extraordinary Summit of the Authority of Heads of State and Governments of ECOWAS in Accra Ghana to review the security and political crisis in Guinea and adopt a common approach and strategy in the regional body’s intervention, George Weah quizzed members of ECOWAS to find the root cause of the growing coups in the sub-region.

“We need to be concerned about the root causes, and the number and frequency of coup d’etat which have recently occurred in the ECOWAS region.

Is it possible that there could be a correlation between these events and the political situations where constitutions are amended by incumbents to remove term limits through referendums?

READ MORE: EC must suspend PNC from IPAC – Political Analyst

Or could this be a mere coincidence?

According to Weah, if the removal of term limits are serving as a trigger for the overthrow of constitutionally-elected governments,” then perhaps we in ECOWAS should exert our best efforts to ensure that the term limits in the constitutions of all member states should be respected.”

He added that “I have been consistent in my stance against the unconstitutional removal of democratically-elected Governments. This was my position in Mali, and this is my position today in the current Guinean crisis.

Let me close by reiterating the urgent need to resolve the unfolding crisis in Guinea, so as to avert the bitter experiences of the aftermath of a coup d’état that we have brought to your esteemed attention. We should also remain seized of the political situation in Mali until an amicable and sustainable conclusion of its transition process is realized.”

The leaders of the military coup in Guinea promised on Monday to set up a transitional government of national unity after ousting President Alpha Conde and dissolving his cabinet.

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According to Reuters, Sunday’s coup, in which Conde and other top politicians were detained or barred from traveling, is the third since April in West and Central Africa, raising concerns about a slide back to military rule in a region that had made strides towards multi-party democracy since the 1990s.
The takeover was widely condemned by international powers, placing pressure on the new military leaders to offer a plan beyond the toppling of the old order and to reassure investors that Guinea’s significant ore exports would not be cut.

“A consultation will be carried out to define the major framework of the transition, then a government of national unity will be put in place to lead the transition,” coup leader Mamady Doumbouya, a former French legionnaire officer, told a meeting of Conde’s ministers and senior government officials.

“At the end of this transitional phase, we’ll set the tone for a new era for governance and economic development,” he said, flanked by armed soldiers in red berets.

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Doumbouya did not say what the transition would entail or give a date for a return to democratic elections.

His seizure of power was buoyed by widespread disaffection with Conde, 83, who promised stable democracy but once in power violently silenced opponents, failed to reduce poverty and last year decided to run for a third term in power – a move many said was illegal.

The coup was welcomed by many but spooked the mining sector. Guinea holds the world’s largest bauxite reserves, an ore used to produce aluminum. Prices of the metal shot to a 10-year high on Monday, though there was no sign of supply disruptions.

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