IMF asks gov’t to increase tariffs

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Gabaa 12 years ago

This people had been advising all our governments at certain periods since independence and we are still where we are. Their prescriptions had not worked any where, India, Pakistan have gone under the same medicine, they are ...
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This people had been advising all our governments at certain periods since independence and we are still where we are. Their prescriptions had not worked any where, India, Pakistan have gone under the same medicine, they are still facing huge problems in regards to development. If the tariffs are increased the demand will decrease to match the supply deficit. Is this what they call development. Its cannibalization for the owners of the electric power..them.. Let us think
BRAVEBOY 12 years ago

The same IMF telling the UK gov't to stop austerity because it is killing business wants us to go the other way, cut public spending and ask the people to pay more. Why Ghana! do we have a death wish?

The same IMF telling the UK gov't to stop austerity because it is killing business wants us to go the other way, cut public spending and ask the people to pay more. Why Ghana! do we have a death wish?
MR DUMSO DUMSO 12 years ago

The IMF should rather tell the government to arrest, prosecute and jail all the NDC Looting Brigade Members after collecting the stolen gargantuan monies from them. This alone can put Ghana back on the road to attaining middl ...
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The IMF should rather tell the government to arrest, prosecute and jail all the NDC Looting Brigade Members after collecting the stolen gargantuan monies from them. This alone can put Ghana back on the road to attaining middle income level and also to achieve real development and progress.
Agyemang 12 years ago

The IMF and the World Bank conspired with our criminal leaders to take our gold and other minerals for free while we subsidize their electricity. When they order our non-thinking leaders to increase tarrif on the poor, do the ...
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The IMF and the World Bank conspired with our criminal leaders to take our gold and other minerals for free while we subsidize their electricity. When they order our non-thinking leaders to increase tarrif on the poor, do they include their mining companies such as Newmont, Goldfields, Anglo-Ashanti?
GHFUO, LOVE/DOR YOURSELF! 12 years ago

OBAMA IS DISAPPOINTED IN AFRICAN LEADERS
ALL OUR LEADERS KNOW IS BEG FOR LOANS N GRANTS. STEAL THE MONIES AND GO AROUND COMPLAINING N BITCHING ABOUT OUR PROBLEMS.
BLAMING EVERYTHING ON THE IMF, WHITE MAN ETC...THIS IS WHAT ...
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OBAMA IS DISAPPOINTED IN AFRICAN LEADERS
ALL OUR LEADERS KNOW IS BEG FOR LOANS N GRANTS. STEAL THE MONIES AND GO AROUND COMPLAINING N BITCHING ABOUT OUR PROBLEMS.
BLAMING EVERYTHING ON THE IMF, WHITE MAN ETC...THIS IS WHAT OBAMA TOLD AFRICAN LEADERS AT THE G8 MEETINGS.
IT IS TIME YOU STOPPED BLAMING WHITE PPL FOR YOUR SHORTSIGHTEDNESS. GROW THE FUCK UP!
GH MUST FIND A SOLUTION TO THESE PRESSING ISSUES: high level corruption, CITIZEN IDENTIFICATION, insecurity, unemployment, LACK OF INFRASTRUCTURE and infrastructure decay as the major problems confronting africa's development.
GO TO MAHAMA BANK IN USA,HE HAS 170MILLIONS DOLLAS IN HIS ACCOUNT. HE ALSO USED GHMONEY TO BUY JET.
IN 2010 I WENT TO HIS BROTHER IBRAHIM'S HOUSE. BENTLEYS, RANGE ROVER...EEIII
TYPE "1.5 Tons Of Gold Bound For Iran Seized on Plane In Turkey" VIDEO ON YOU TUBE
GH IS ONE OF THE WORLDS TOP GOLD PRODUCERS. YET MORE THAN 25PERCENT OF ITS POPULATION LIVE UNDER 1 DOLLAR A DAY. HOW?
Today's gold price = 1658.22 US
12 Troy Ounces in a pound x 3000? lbs.= 36,000 oz
1.5 tons of gold is worth 36,000 oz x 1658.22 = 59,695,920 USD.
From 1957 independence to 2008 Ghana owed $9.5 billion in loans.
Within the last 3 years alone Ghana's debt has increased to $21.7 billion !!!
HMM HMM, Where did the $12.2 billion go? Alhaji Dramani Mahama has used the nation as a security to purchase an Aircraft at the expense of
Tax Payers. How can Dramani go out to borrow money $3 billion dollars from the Chinese Government and use the money to buy an aircraft
for himself when our nation is suffering? CURRENTLY, GHANA'S DEBT STANDS AT $42 BILLION DOLLARS. WAT MODERNITY OR INFRASTRUCTURAL DEVELOPMNT
DO WE HVE TO SHOW FOR THIS? MAHAMA, WHERE IS THE MONEY?
WILL U TAKE THE WEALTH WITH YOU WHEN YOU DIE? ASK MOBUTU...IDIOTS
OSBON 12 years ago

This IMF. Telling us to tighten our belts for 40 years and destroyed all our industries That Dr Nkrumah of bless memory built for our future.
They told JJ PNDC to sell all this.
Now they are coming back to kill us complete ...
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This IMF. Telling us to tighten our belts for 40 years and destroyed all our industries That Dr Nkrumah of bless memory built for our future.
They told JJ PNDC to sell all this.
Now they are coming back to kill us completely.
Col Achanpong should come back from death to challenge this Organisation call IMF.
Africa need Union Government to united us.
Justin 12 years ago

GHANAIAN 'LEADERS' ARE ALWAYS BEHAVE DUMB WHEN THEY MEET THEIR WESTERN COUNTERPARTS TO NEGOTIATE ON ISSUE OF OUR COUNTRY.

KUFUOR, RAWLINGS AND EVEN NKRUMAH WERE NO EXCEPTION.

THIS ALL POINTS TO DEEP-SEATED INFERIORITY C ...
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GHANAIAN 'LEADERS' ARE ALWAYS BEHAVE DUMB WHEN THEY MEET THEIR WESTERN COUNTERPARTS TO NEGOTIATE ON ISSUE OF OUR COUNTRY.

KUFUOR, RAWLINGS AND EVEN NKRUMAH WERE NO EXCEPTION.

THIS ALL POINTS TO DEEP-SEATED INFERIORITY COMPLEX FOUNDED ON THE COLONIAL METALITY OF BLACK LEADERS, MOST OF WHO GREW UP IMBIBED WITH WHITE SUPREMACY.
Justin 12 years ago

GHANAIAN 'LEADERS' ALWAYS BEHAVE LIKE NINCOMPOOPS WHEN THEY MEET THEIR WESTERN WHITE COUNTERPARTS TO NEGOTIATE ON ISSUES OF OUR COUNTRY.

KUFUOR, RAWLINGS AND EVEN NKRUMAH WERE NO EXCEPTION.

THIS ALL POINTS TO DEEP-SEA ...
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GHANAIAN 'LEADERS' ALWAYS BEHAVE LIKE NINCOMPOOPS WHEN THEY MEET THEIR WESTERN WHITE COUNTERPARTS TO NEGOTIATE ON ISSUES OF OUR COUNTRY.

KUFUOR, RAWLINGS AND EVEN NKRUMAH WERE NO EXCEPTION.

THIS ALL POINTS TO DEEP-SEATED INFERIORITY COMPLEX FOUNDED ON THE COLONIAL METALITY OF BLACK LEADERS, MOST OF WHOM GREW UP IMBIBED WITH WHITE SUPREMACY.
GHFUO, LOVE/DOR YOURSELF! 12 years ago

U HVE THE NERVE TO PUT DR. NKRUMAH IN UR STUPID ANALYSIS. STUPID FOOL.DO U UNDERSTAND WHY THE CIA WANTED TO GET RID OF DR NKRUMAH? THEY SAW HIM AS A THREAT TO THEIR CHEATING METHODS AGAINST AFRICANS, BLACK PPL.....IDIOT! GO N ...
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U HVE THE NERVE TO PUT DR. NKRUMAH IN UR STUPID ANALYSIS. STUPID FOOL.DO U UNDERSTAND WHY THE CIA WANTED TO GET RID OF DR NKRUMAH? THEY SAW HIM AS A THREAT TO THEIR CHEATING METHODS AGAINST AFRICANS, BLACK PPL.....IDIOT! GO N READ THE HISTORY OF DR NKRUMAH N COME BACK. FOOL
Torgbigah 12 years ago

africa and AU MUST form their own IMF and get out of devilish suppression associations.why doesn't IMF ask white devilish countries to increase their tarrifs but ghana or africa? our own money in IMF is given back to us as lo ...
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africa and AU MUST form their own IMF and get out of devilish suppression associations.why doesn't IMF ask white devilish countries to increase their tarrifs but ghana or africa? our own money in IMF is given back to us as loans to pay back with interest why all these nonsense and stupidity in AU?

Kofi 12 years ago

Why not hand over the energy sector to the IMF to run since they seem to know better? I thought Ghana was said to be in the lower middle income status already? Did we slide back? Or we never attained that status?

Why not hand over the energy sector to the IMF to run since they seem to know better? I thought Ghana was said to be in the lower middle income status already? Did we slide back? Or we never attained that status?
Private Mensah 12 years ago

yes

yes
ALEENO 12 years ago

You people are sitting in your office saying what you like. how much did you pay for your electricity in your home?
Are you people not enjoying free.BOSS, BOSS.God will panish all of you one day for cheating poor people.c ...
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You people are sitting in your office saying what you like. how much did you pay for your electricity in your home?
Are you people not enjoying free.BOSS, BOSS.God will panish all of you one day for cheating poor people.collect Woyome money to pay for the fuel.
Nima Boy 12 years ago

Ghana government should increase tariffs to pay back your loans/interest in time or to improve energy supply? Nice try international mafias

Ghana government should increase tariffs to pay back your loans/interest in time or to improve energy supply? Nice try international mafias
Kofi Atu 12 years ago

I am a bit confused to think that increased tariffs will support increased economic growth. I need to go back to my A'level Economics books!

But what about the fact that:
1) Virgin Air has decided to opt out of Ghana beca ...
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I am a bit confused to think that increased tariffs will support increased economic growth. I need to go back to my A'level Economics books!

But what about the fact that:
1) Virgin Air has decided to opt out of Ghana because Ghana's aviation fuel is too expensive?
2) The association of Ghanaian industrialists have expressed their opposition to the proposed tariff increases?

I think the IMF spoke too quickly. They forgot to ask the government to first do a comprehensive alternative service delivery/ competitiveness review of the utilities companies before jumping to a recommendation on tariff increases.

Such a review will identify any inefficiencies which must be addressed prior to/ in addition to any tariff increases.

Arbitrary tariff increases may increase the price of domestically produced goods and services which will in turn make imported goods and services more competitive. Increased reliance on imported goods and services will worsen Ghana's foreign exchange situation,debt repayment and attractiveness to foreign investment.

Please forgive my A'Level Economics if that offends you.
********* 12 years ago

That is the sort of advise you get when you take loans from these sharks. Their main aim is to ensure that you can pay their loans as soon as possible, so under the pretence of advise they put pressure on the government to re ...
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That is the sort of advise you get when you take loans from these sharks. Their main aim is to ensure that you can pay their loans as soon as possible, so under the pretence of advise they put pressure on the government to remove subsidies so that it could channelled to service their expensive loans.
We need to set our priorities right and avoid loans from these sharks.
DAN 12 years ago

Ignore the imf, they will destroy Ghana industry but tell you to lower import duties

Ignore the imf, they will destroy Ghana industry but tell you to lower import duties
JAMREAH 12 years ago

INCREASING THE TARIFFS IS NOT THE PROBLEM.PUT IN A MECHANISM TO STOP THE CORRUPTION OF THE REVENUE COLLECTORS AND ALSO THE MGT OF THE SERVICE PROVIDERS.IF THIS IS NOT DONE THEN IT IS LIKE FECHTING WATER WITH A BASKET. COMPUTE ...
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INCREASING THE TARIFFS IS NOT THE PROBLEM.PUT IN A MECHANISM TO STOP THE CORRUPTION OF THE REVENUE COLLECTORS AND ALSO THE MGT OF THE SERVICE PROVIDERS.IF THIS IS NOT DONE THEN IT IS LIKE FECHTING WATER WITH A BASKET. COMPUTERIZE ALL UTITILITIES.
BRAVEBOY 12 years ago

Well said Jamreah. Now we pray someone takes your point.

Well said Jamreah. Now we pray someone takes your point.
fax 12 years ago

Amen.

Amen.

DAN 12 years ago

In usa your lights will only go out in storm or if you fail to pay the bill(postpaid) ...Electric company of Ghana and Volta electric can't make money if they have nothing(lites out) to sell!

In usa your lights will only go out in storm or if you fail to pay the bill(postpaid) ...Electric company of Ghana and Volta electric can't make money if they have nothing(lites out) to sell!
Private Mensah 12 years ago

Ghana should not forget Nkrumah

Ghana should not forget Nkrumah
Opanin 12 years ago

The IMF prescription is dangerous. Those who consume the most electricity can afford the increase. Government should first consider graduated rates. The average consumer has no A/C and/or other high electricity consuming ap ...
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The IMF prescription is dangerous. Those who consume the most electricity can afford the increase. Government should first consider graduated rates. The average consumer has no A/C and/or other high electricity consuming appliances. Those who tap electricity illegally are also most likely to afford the tariffs. So think outside the box
Honestman 12 years ago

Ghanaians won't have any problems paying increased tariffs once they are paid enough to warrant such increases. How about the jobless, should they be denied electricity, water and telephone services?

Ghanaians won't have any problems paying increased tariffs once they are paid enough to warrant such increases. How about the jobless, should they be denied electricity, water and telephone services?
km agyin 12 years ago

Another IMF crap at worsening the plight of low payed ghanaians. Why don't the IMF ask government to have a commensurate increase in salaries and stop the stealing

Another IMF crap at worsening the plight of low payed ghanaians. Why don't the IMF ask government to have a commensurate increase in salaries and stop the stealing
Foreigner 12 years ago

Please see through this article for what it really is. This is Government propaganda.

The government has implemented a well-crafted propaganda campaign after increasing the prices on fuel earlier this year. (Was there re ...
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Please see through this article for what it really is. This is Government propaganda.

The government has implemented a well-crafted propaganda campaign after increasing the prices on fuel earlier this year. (Was there really a subsidy on fuel? Who knows? There is no clear information given on costs and fees.)

The government is laying the ground work to increase the tariffs because they haven't paid their share to ECG and need someone else to bail them out...That's right, businesses and the general public. This article is nothing 'new'. IMF does not believe in having subsidies in the market place for things like fuel and electricity. This, in itself, can be debated. However, it's the government that has placed this article. They want to blame some one else that it's the IMF that is forcing us to increase rates. SHAME. SHAME. SHAME.
OSEI 12 years ago

AFRICA NEEDS TO BE SELF RELIANT AND INDEPENDENT. WE DON'T HAVE TO LET IMF, US EUROPE ETC TO DIRECT US ON OUR FINANCES AND GAY ISSUES.

AFRICA NEEDS TO BE SELF RELIANT AND INDEPENDENT. WE DON'T HAVE TO LET IMF, US EUROPE ETC TO DIRECT US ON OUR FINANCES AND GAY ISSUES.
EZEKIEL 12 years ago

The IMF medicine IS ALWAYS the SAME no matter the diagnosis!
Since we CANNOT manage our OWN AFFAIRS, what do we EXPECT ??? Dictating to us from ALL corners of the globe!!!

The IMF medicine IS ALWAYS the SAME no matter the diagnosis!
Since we CANNOT manage our OWN AFFAIRS, what do we EXPECT ??? Dictating to us from ALL corners of the globe!!!
messa 12 years ago

ghana can resolve her problems without incress in tafiffs we already are tax to death in ghana so stop the nonsense

ghana can resolve her problems without incress in tafiffs we already are tax to death in ghana so stop the nonsense
KWAME 12 years ago

The IMF and the World Bank operate on the line of banks. They are concerned with the cashflow of governments which affect their abilities to service their indebtedness to them. Subsidy by governments affect their continous ab ...
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The IMF and the World Bank operate on the line of banks. They are concerned with the cashflow of governments which affect their abilities to service their indebtedness to them. Subsidy by governments affect their continous ability to meet their debt obligations to their creditors.
In as much as government must service its debt obligations, citizens should not be overburdened with all kinds of inefficiencies. These utility companies are full of inefficiencies which are passed on to the defenceless consumer. This is what the people are protesting and it makes sense.
Governments have a role to play in this matters because the peoples' interest should always be upheld by those we vote to use our sovereignty. For me if government dont conduct their activities well, we shall show them the exit when the time comes. I will step out to do exactly that. I bet.

GHFUO, LOVE/DOR YOURSELF! 12 years ago

THE WBANK N IMF OPERATE LIKE UR REGULAR BANKS THAT ISSUE LOANS N MORTGAGES. IF U GO FOR A LOAN N FAIL TO MEET THE REPAYMENT OBLIGATIONS. THEY HAVE THE RIGHT TO DICTATE TO YOU WAT TO DO IN ORDER TO GET BACK ON TRACK. THIS IS W ...
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THE WBANK N IMF OPERATE LIKE UR REGULAR BANKS THAT ISSUE LOANS N MORTGAGES. IF U GO FOR A LOAN N FAIL TO MEET THE REPAYMENT OBLIGATIONS. THEY HAVE THE RIGHT TO DICTATE TO YOU WAT TO DO IN ORDER TO GET BACK ON TRACK. THIS IS WAT IS GOING ON WITH GH. U HVE FORGOTTEN THAT IMF, WBANK PROFIT FROM LOAN INTEREST PROGRAMS. GH HAS BROUGHT THEMSELVES. THATS WHY IM AGAINST LOANS AT ALL COST. IF U KNOW FULL WELL U DONT HVE A DEFINITE, CONCRETE REPAYMENT PLAN IN PLACE THAT YOU CAN HONOUR. DONT GO FOR A LOAN....STARVE, BEG N HAVE UR PEACE OF MIND
Kwame Aidoo 12 years ago

Why don't you come do it?!That is a ploy to disrupt the nation knowing well the rate of unemployment in Ghana.Knowing how bad power supply has affected jobs.You bring it on, y'all!!

Why don't you come do it?!That is a ploy to disrupt the nation knowing well the rate of unemployment in Ghana.Knowing how bad power supply has affected jobs.You bring it on, y'all!!
Dr. med.William Acquah,Germany 12 years ago

Increase tariffs for "Dum so, dum so"? Idiots!

Increase tariffs for "Dum so, dum so"? Idiots!
truth 12 years ago

who said there is energy problem in Ghana, ecg is sabotaging the country to help companies sell their generators, all senior staff of ecg must be sack , come on let come together and demonstrate against this fucking ecg comp ...
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who said there is energy problem in Ghana, ecg is sabotaging the country to help companies sell their generators, all senior staff of ecg must be sack , come on let come together and demonstrate against this fucking ecg company, lets leave ndc and app and come together to demonstrate

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IMF asks gov’t to increase tariffs

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