Ghana's debt restructuring sets new standards on Eurobond market - Finance minister

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• Farmer 1 year ago

  Is he suggesting that Ghana or Ghanaians should be proud of this government which drove the country into bancruptcy?

  Is he suggesting that Ghana or Ghanaians should be proud of this government which drove the country into bancruptcy?

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• Patriot 1 year ago

  So the Finance minister wants Ghana to get credit for agreeing to transparency clauses that the creditors demanded before bailing out the country, for Ghana's promise not to misbehave and default again in the future and essen ...
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  So the Finance minister wants Ghana to get credit for agreeing to transparency clauses that the creditors demanded before bailing out the country, for Ghana's promise not to misbehave and default again in the future and essentially be a good boy. Really?

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• AG 1 year ago

  We have not received our locked up money and we do not even know whether we will get. Ghana we are really in bad situation.

  We have not received our locked up money and we do not even know whether we will get. Ghana we are really in bad situation.

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• Dunia 1 year ago

  This is nonsense!!!! This should be the last time Ghana should appoint a non-finance professional as a finance minister!!! He does not understand what those clauses mean!!! They have tied the hands of the government and askin ...
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  This is nonsense!!!! This should be the last time Ghana should appoint a non-finance professional as a finance minister!!! He does not understand what those clauses mean!!! They have tied the hands of the government and asking domestic debt should be handled as external debt. More so, they are preventing the government from paying the most easily and cheaper class of bondholders, which could be a low-hanging fruit thereby reducing the debt burden at the first instance. The finance ministry is not for jokers!!! He has no single idea about what goes on around him.

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• These people and empty boast!! 1 year ago

  These people are funny. Those clauses you are boasting about are not in our favor. Instead, they tie our hands

  These people are funny. Those clauses you are boasting about are not in our favor. Instead, they tie our hands

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• Jay in London 1 year ago

  NPP Finance minister's achievement is restructuring debt payments. He is not even ASHAMED OF IT. He eigther doesn't kmow WHAT he is saying or TAKING GHANAIANS FOR FOOLS, THE LATTER BEING THE NPP'S HALLMARK.
  
  Akuffo Addo HAS ...
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  NPP Finance minister's achievement is restructuring debt payments. He is not even ASHAMED OF IT. He eigther doesn't kmow WHAT he is saying or TAKING GHANAIANS FOR FOOLS, THE LATTER BEING THE NPP'S HALLMARK.
  
  Akuffo Addo HAS CERTINLY MADE IT OBVIOUS THAT GHANA'S FINANCES IS OPEN TOABUSE BY ANY PRESIDENT WHO SO WISHES TO CHANNEL STATE MONEY INTO HIS OWN AND FAMILY'S POCKETS.
  IT LOOKS LIKE AKUFFO ADDO AND HIS FAMILY STUDIED THE GHANAIAN CONSTITUTION CLOSELY AND IDENFIED ALL THE LOOPHOLES IN IT. NEXT HE JOINED THE NPP AND WON POWER AND BEGAN THE EXPLOITATION OF POLITICAL POWER. FIRST HIS COUSON OFORI ATTA AS FINANCE MINISTER AND ANOTHER FAMILY MEMBER HIS SECRETARY. THE TWO STRATEGIC POSTS THAT CAN HIDE ALL TOP DEALS BY THE FAMILY GOVORNMENT.
  
  MEANWHILE BAWUMIA WAS BEING EXPLOITED BY THIS FAMILY GANG. YJET SAW HIS AMBITION AND THEY EXPLOITED IT. HE WAS THE ECONOMIC CHIEF OF THE GOVT ONLY IN NAME BUT NEVERE IN DEED.
  IN THE AFTERMATH OF THE AKUFFO ADDO DAMAGE TO GHANA'S ECONOMY THE SAME BAWUMIS IS BEING PUSHED BY THE AKUFFO ADDO GANG TO SUCCEEED THEM. WHY? TO COVER THEIR TRACKS FOR THEM.
  BAWUMIA IS AKUFFO ADDO'S STOOGE AND ILL ALWAYS BE HIS STOOGE EVEN IF YOU MAKE BAWUMIA THE PRESIDENT OF THE WORLD

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• Jay in London 1 year ago

  NPP Finance minister's achievement is restructuring debt payments. He is not even ASHAMED OF IT. He eigther doesn't kmow WHAT he is saying or TAKING GHANAIANS FOR FOOLS, THE LATTER BEING THE NPP'S HALLMARK.
  
  Akuffo Addo HAS ...
  read full comment

  NPP Finance minister's achievement is restructuring debt payments. He is not even ASHAMED OF IT. He eigther doesn't kmow WHAT he is saying or TAKING GHANAIANS FOR FOOLS, THE LATTER BEING THE NPP'S HALLMARK.
  
  Akuffo Addo HAS CERTINLY MADE IT OBVIOUS THAT GHANA'S FINANCES IS OPEN TO ABUSE BY ANY PRESIDENT WHO SO WISHES TO CHANNEL STATE MONEY INTO HIS OWN AND FAMILY'S POCKETS.
  IT LOOKS LIKE AKUFFO ADDO AND HIS FAMILY STUDIED THE GHANAIAN CONSTITUTION CLOSELY AND IDENFIED ALL THE LOOPHOLES IN IT. NEXT HE JOINED THE NPP AND WON POWER AND BEGAN THE EXPLOITATION OF POLITICAL POWER. FIRST HIS COUSON OFORI ATTA AS FINANCE MINISTER AND ANOTHER FAMILY MEMBER HIS SECRETARY. THE TWO STRATEGIC POSTS THAT CAN HIDE ALL TOP DEALS BY THE FAMILY GOVORNMENT.
  
  MEANWHILE BAWUMIA WAS BEING EXPLOITED BY THIS FAMILY GANG. THEY SAW HIS AMBITION AND THEY EXPLOITED IT. HE WAS THE ECONOMIC CHIEF OF THE GOVT ONLY IN NAME BUT NEVER INDEED.
  IN THE AFTERMATH OF THE AKUFFO ADDO'S DAMAGE TO GHANA'S ECONOMY, THE SAME BAWUMIS IS BEING PUSHED BY THE SAME AKUFFO ADDO GANG TO SUCCEEED THEM. WHY? TO COVER THEIR TRACKS FOR THEM.
  BAWUMIA IS AKUFFO ADDO'S STOOGE AND WILL ALWAYS BE AKUFFO ADDO'STOOGE EVEN IF YOU MAKE BAWUMIA THE PRESIDENT OF THE WORLD

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• Kwame 1 year ago

  You owe. You can't pay. You have negotiated for extension of payment time and you praise yourself. If you had managed the original payment terms, what would you have done ?

  You owe. You can't pay. You have negotiated for extension of payment time and you praise yourself. If you had managed the original payment terms, what would you have done ?

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• Fireman 1 year ago

  Evil people in power

  Evil people in power

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• Fireman 1 year ago

  It is time the constitution changes, give power back to the people via parliament and strip the prez of ultimate powers now before it is too late.
  
  There should be a need of 75% approval from parliament so it is no more "w ...
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  It is time the constitution changes, give power back to the people via parliament and strip the prez of ultimate powers now before it is too late.
  
  There should be a need of 75% approval from parliament so it is no more "winner takes all" system like lotto but all inclusive governance, so we can take the best longterm decisions for the country. With this we can see the relevance of even small parties in parliament and this will bolster the growth our beloved country. Currently power is in the hands of a greedy individual with his party whips who only have their interests paramount to that of the nation and absolutely no love for the nation.
  
  Jut imagine that currently, the prez have almost all the power to appointment all public sector managers, ministers, military/police commanders, auditor Gen, attorney Gen, EC boss etc... At the end this will make the system work to his favor, making him corrupt and will not have respect for the people and vitto his way everywhere. Today the prez or minister can decide to go for huge loans without national interest in the name of the nation without proper checks and approval from parliament, even if it goes through parliament they will vitto it bcos they have 50+1 representation there.
  
  Unfortunately this is an old outdated constitution left behind by Jerry who wanted only partial democracy and partial dictatorship bcos of the era.
  
  The prez should have limited power and parliament have the most power else if this power gets into the wrong hands, we all shall suffer it. It is about time we called for a holistic overhaul of such an outdated system of governance. We shouldn't leave currupt investigations in the hands of the prez, it will simply not work. I believe a joint party government system will help this country a lot. This is just my opinion but your ideas are also welcome.
  
  One man can't solve the problem of Ghana, let's be honest, he is not a supernatural being but together we all cam make possible. Even the British who we learnt from have changed their democratic system. In Europe, it is mostly a joint government and practice a more socialist style than a capitalist one (which only works for America). Just imagine, all our essential resources and services have been left in the hands of the greedy rich running a monopoly without price control from the government which has made standard of living very high for the poor Ghanaian.
  
  Nkrumah was the only one that had a socialist mind set. Mahama and the NDC please prove your critics wrong and change the course of this country for the better. Npp is all about the money and their party but not the people, we already know their agenda.
  
  This idea will pave way for even smaller and upcoming political parties to have a strong voice in parliament, so Ghana benefits as a whole not just a few greedy individuals.
  
  Democracy meaning: Gov of the people, by the people and for the people. 
  
  #FixTheConstitutionNow
  #PowerToThePeople
  #GhDeservesBetter
  #SaveGhNow

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