Borrowed monies being put to good use – Gov’t tells minority

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DKB 12 years ago

Oh Ghana, where did we go wrong? Listen to this toy boy. "For instance, everybody knows that when we borrowed 3 billion dollars from the China development bank, we pumped a significant number of it into the construction of a ...
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Oh Ghana, where did we go wrong? Listen to this toy boy. "For instance, everybody knows that when we borrowed 3 billion dollars from the China development bank, we pumped a significant number of it into the construction of a gas processing plant in Western region,” he argued

Hollow propaganda argument as usual with no substance. As deputy information minister you should have facts and figures to back your argument. How mush exactly was allocated to this project? What was the initial busget for this project? What are the factors causing over spend on the project? If so much of the $3b was pumped into the gas project how come the project has now stalled due to lack of funds? How come lack of $600m has stalled the project?

Any idiot can argue they way you just did Mr deputy Info minister, but only the competent ones make sensible analytical arguments. Useless waste of tax payers money.
Parliament 12 years ago

We need the borrowed monies to procure Ambulances for the entire regions in the country. The Ministry of Health and Parliament must act on this. Just imagine that even the Late Prez Mills died in a pickup truck because there ...
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We need the borrowed monies to procure Ambulances for the entire regions in the country. The Ministry of Health and Parliament must act on this. Just imagine that even the Late Prez Mills died in a pickup truck because there was no Ambulance at the castle and in the country.
Zoobie-Zoobie 12 years ago

low grade material

low grade material
ATSU, HO 12 years ago

MR. MINISTER SYOP GENERALISED STATEMENTS AND GIVE US SPECIFICS; WHAT HAS ALL THAT MONEY BEEN USED FOR WHEN ALL THE 80% OF THE ROADS IN THE CAPITAL AND TEMA HAVE BEEN LEFT UNATTENDED TO. FROM WHERE I SIT I ONLY SEE, INEFFICIEN ...
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MR. MINISTER SYOP GENERALISED STATEMENTS AND GIVE US SPECIFICS; WHAT HAS ALL THAT MONEY BEEN USED FOR WHEN ALL THE 80% OF THE ROADS IN THE CAPITAL AND TEMA HAVE BEEN LEFT UNATTENDED TO. FROM WHERE I SIT I ONLY SEE, INEFFICIENCIES IN THE APPLICATION OF STATE RESOURCES. GYEEDA, AZONTABA ETC
krikri 12 years ago

The greedy thief told us all that he did not get into the presidency to become a matyr LIKE DR KWAME NKRUMAH. On the contrary he came to LOOT to make himself and family & friends rich overnight. The evidence is all over the p ...
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The greedy thief told us all that he did not get into the presidency to become a matyr LIKE DR KWAME NKRUMAH. On the contrary he came to LOOT to make himself and family & friends rich overnight. The evidence is all over the place. NPP, why are you in such a hurry to LOOT AGAIN?
Zoobie-Zoobie 12 years ago

low grade

low grade
Error President 12 years ago

This guy too be minister in Ghana. Apuuu.

This guy too be minister in Ghana. Apuuu.
pink sheet president 12 years ago

Felix,
Tell them.As long as it will not be used to build toilets or salaries of public workers, no fears !

Felix,
Tell them.As long as it will not be used to build toilets or salaries of public workers, no fears !
Mawutor 12 years ago

How do we explain the great disparity in Debt between Gh.C9B left by Kufuor since Nkrumah's years in 2008/2009,inherited by Mills-Mahama and current 44B just after 4.75years of our party NDC being in power?
Is/are there pro ...
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How do we explain the great disparity in Debt between Gh.C9B left by Kufuor since Nkrumah's years in 2008/2009,inherited by Mills-Mahama and current 44B just after 4.75years of our party NDC being in power?
Is/are there project(s) that have costed Ghana a whopping Gh.C35,000,000,000?Where are the supposed projects costing this our beloved nation such a colossal sum of
Gh.C 35B?
What do we have to show for it?
Now increased electricity and water tariffs to be paid by the ordinary Ghanaian!
ARE WE BEING INSULTED?God have mercy!
Is Ghana for those in power alone?
GHANANI 12 years ago

Not all borrowing is bad especially if the money borrowed is invested to improve the economy and not for consumption.For instance monies borrowed to pay wages and build stadia increase a nation's debt without bringing in any ...
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Not all borrowing is bad especially if the money borrowed is invested to improve the economy and not for consumption.For instance monies borrowed to pay wages and build stadia increase a nation's debt without bringing in any returns.

Yaw Ohemeng 12 years ago

The problem with governance in Ghana is that people just talk nothingness. Here is a deputy Information Minister, rebutting attacks by the opposition and what substantive information has he provided? Nothing.

Why are we bo ...
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The problem with governance in Ghana is that people just talk nothingness. Here is a deputy Information Minister, rebutting attacks by the opposition and what substantive information has he provided? Nothing.

Why are we borrowing? Are the loans for investment or consumption? Are the projects we are spending on self-financing? What benefits will accrue to the country? These are the substantive issues which we spend unfathomable amount of time missing. Ghana is in peril but are we sincere enough to admit it?

We all know that only a small percentage of the CBD loan has been accessed. Yet we have managed to increase national debt from GHS9.5 bn to above GHS 40 bn in about 5 years. certainly we should be able to point to something to say look we spent on A, B and C. If we are having difficulty doing this, then it can be said with absolute certainty that the monies have been wasted.
Pelicles 12 years ago

Tweakai. Borrowing for borrowing sake all in the name of how irresponsible this reckless government is. Our national debt since Nkrumah to Kufuor's time, was $9 billion. Since NDC under Mills came to power, they have ballo ...
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Tweakai. Borrowing for borrowing sake all in the name of how irresponsible this reckless government is. Our national debt since Nkrumah to Kufuor's time, was $9 billion. Since NDC under Mills came to power, they have ballooned the national debt to $43 billion and this is okay to those who are foolish to understand what is down the road.

What had NDC done with all the money?
erik 12 years ago

How much did you pump into the project? Why are Journalist not able to ask these questions?

Why allow these so called ministers to just come and talk without figures?

How much did you pump into the project? Why are Journalist not able to ask these questions?

Why allow these so called ministers to just come and talk without figures?
DKB 12 years ago

Erik it is because the journalists are as daft as the ministers they are interviewing.

This whole govt has been a farce since 2008. People though the calibre of people who represented this govt would have improved in 2012 ...
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Erik it is because the journalists are as daft as the ministers they are interviewing.

This whole govt has been a farce since 2008. People though the calibre of people who represented this govt would have improved in 2012 with president Mahama but unfortunately it is the same old story.

When oh when will NDC start appointing competency rather than mere incompetent loud mouthed party faithfuls?
ADAM SOULE-MAN 12 years ago

WHEN YOU BORROW MONEY .YOU ARE EXPECTED TO PAY BACK WITH HUGE INTEREST.
FAILURE TO DO SO LEADS TO HUGE JUDGEMENT DEBTS THAT WILL KILL OUR ECONOMY AND MAKE GHANA A COLLATERAL TO OUR BORROWERS.

WHEN YOU BORROW MONEY .YOU ARE EXPECTED TO PAY BACK WITH HUGE INTEREST.
FAILURE TO DO SO LEADS TO HUGE JUDGEMENT DEBTS THAT WILL KILL OUR ECONOMY AND MAKE GHANA A COLLATERAL TO OUR BORROWERS.
peace 12 years ago

where is the gas Ghana paying too much for gas too much of everything

where is the gas Ghana paying too much for gas too much of everything
OJ 12 years ago

WHAT ABOUT THE REST OF YHE MONEY .BALLONED FROM 8 BILLION TO 49 BILLION.WHERE IS THE MONEY.

WHAT ABOUT THE REST OF YHE MONEY .BALLONED FROM 8 BILLION TO 49 BILLION.WHERE IS THE MONEY.
JAMES Y 12 years ago

Like companies, governments and individuals borrow money to invest in activities for future returns. Such returns go to offset the amount borrowed at certain times with added benefits. In the case of this government we are to ...
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Like companies, governments and individuals borrow money to invest in activities for future returns. Such returns go to offset the amount borrowed at certain times with added benefits. In the case of this government we are told that the amount that it has borrowed was being used to create infrastructural projects and training. The reward from this, realistically, will go far to offset the original outlay in the long term with added social benefits. In this regard, it is as very necessary that the parliamentary opposition party backs the government and not downplays or frustrates its efforts as it has been doing now. Politicisation of such important matters is making Ghana lacking behind worryingly in economic development.
DKB 12 years ago

Are you in Ghana? I doubt it. The reason people are angry is because this Govt has borrowed more than any govt since Nkrumah's time but there is nothing to show for it. The opposition are afrais to back this govt becuse if th ...
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Are you in Ghana? I doubt it. The reason people are angry is because this Govt has borrowed more than any govt since Nkrumah's time but there is nothing to show for it. The opposition are afrais to back this govt becuse if they do, they will be guilty of encouraging this govt to mismanage the coutries resources. Trust me if we were seeing any development or projects springing up, there would less agitation from the public. We borrowed and used it for 2012 campaign, now fast forward to 2013, campaign over coffers empty. That is the real situation.
Yaw 12 years ago

Look at this useless pig God save ghana.

Look at this useless pig God save ghana.

Joe Mosi 12 years ago

ASHAWO BA, WHO IS YOUR FATHER

ASHAWO BA, WHO IS YOUR FATHER
KWAME 12 years ago

The research institutions are the ones who speak the truth and they alone should be taken seriously. NDC will always disagree with anything from the NPP whiles NPP will also disgree with anything from the NDC.The only indepen ...
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The research institutions are the ones who speak the truth and they alone should be taken seriously. NDC will always disagree with anything from the NPP whiles NPP will also disgree with anything from the NDC.The only independent views are the research and academic institutions.
I wish to remind NDC about one saying which has dominated the political discourse during the nineties and early twenties. It is that we dont eat projects.As long as the citizens pay taxes, they expect development projects to be delivered by governments.The key thing expected from governments is the ideas (soft copy)which will alleviate the suffering of the people. Governments's ability to come out with ideas which when implemented will cause relief for the people is what the citizens require.The various social interventions like NHIS are what the people need.
Joe 12 years ago

Building mansions for yourselves? Time will tell.

Building mansions for yourselves? Time will tell.
Nii Okai 12 years ago

The major problem of the people in Ghana today is only to eat and never think of development. They believe in put the food on the table for us to eat and go to toilet, so that we suffer later. It is the same way our ex presid ...
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The major problem of the people in Ghana today is only to eat and never think of development. They believe in put the food on the table for us to eat and go to toilet, so that we suffer later. It is the same way our ex president Nkrumah was disturbed with accusations of this kind in the sixties by the UP led by Busia.

It happened when Nkrumah put much money in the constructing of Tema Township, the motorway, Akosombo, the only power house that today we can say we are proud to have. My joy of the statement coming from the junior minister is that his government's borrowing is a thing to appreciate because the 3 billion dollars borrowed from China, a significant number of it had been pumped into the construction of gas processing plant in the Western region.

Why are we not learning from the past experiences of mistakes. Today we are proud to say Akosombo supported us when electricity became a big problem. The area I want our people, and the hypocrites of the NPP to be aware is that money can be borrowed, and generally nothing wrong about borrowing, but what makes it a big problem is what that money is used for.

We hear from the minister that the greater part of the money borrowed is invested into the needed GAS plant project. Today many Ghanaians do not know nor understand what GAS PLANT actually means to our national economy.

The gas plant could help Ghana to generate electricity which hopefully in the future will help us pay little of our salaries into electricity bills. The opposition party NPP will wickedly never explain the greater benefits that could come from the gas plant project.

Just like the benefits we get from today's Tema Township and the industries there, the motorway, Akosombo etc after they UP, PP, PFP, NPP had wrongfully, wickedly, selfishly and intentionally opposed Kwame Nkrumah. Thank God Nkrumah was stronger than their selfish mentalities.

Let us be real with our people who do not have good idea about good governmental projects which will generally benefit us all. Misleading our people with wicked political agenda will never help us. People in politics should be genuine to help the people, and do away with political hatred and tribal bigutry which will only send all of us into economical pit.

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Borrowed monies being put to good use – Gov’t tells minority

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