Ghana must seek bailout now - Financial Analyst

Read Article

Comments (23)

This article is closed for comments.

Read Comments Comments (23)

musah issifu 11 years ago

this is serious

this is serious
K MAN 11 years ago

That was a one time deal only.

Look, even if the short term liquidity is sorted out, the issue of competence is a concern, as the government has shown itself to be struggling and looking to deflect attention with propragan ...
read full comment

That was a one time deal only.

Look, even if the short term liquidity is sorted out, the issue of competence is a concern, as the government has shown itself to be struggling and looking to deflect attention with propraganda and spin.

Political spin at this time is not needed, what is, is a plan (doesn't matter if it's from NDC, NPP, CPP etc) where Ghana can start to tackle the core issues of a bloated central government and the lack of infrastructure and framework supporting development and growth of business and generation of income tax.

How can a country take less than 30% of oil revenues, not tax coporations aappropriately, not develop the tourist trade (by building a 2nd international airport) and develop a better visa system thereby brining in more hard currency or help development of export through reducing the importation of goods which Ghana can produce. Plus a lack of access to credit for businesses and continue to not tackle corruption rrobustly.

It's a shame, Ghana has the people and the stability; however the lack of common sense and foresight is shameful.
David 11 years ago

Always useful for a reporter to explain who he is talking about in this case, John Gatsi. I am sure Mr Gatsi's mother knows him but perhaps others do not.

Always useful for a reporter to explain who he is talking about in this case, John Gatsi. I am sure Mr Gatsi's mother knows him but perhaps others do not.
GHFUO, be serious & change ur MENtali 11 years ago

so wat happened to all this money, loans? no need for further loans. seek redress from withinn, n clamp down on public sector corruption. plug all the holes!

so wat happened to all this money, loans? no need for further loans. seek redress from withinn, n clamp down on public sector corruption. plug all the holes!
EDUCATED FOOLS - WAKE UP ! 11 years ago

IT'S TIME FOR THE NDC GORVEMENT TO KNOW HOW CREAT A JOB BY DEALING WITH WESTERN COUNTRIES SUCH AS EUROPEANS AND U.S.A . ASK YOURSELF THIS QUESTION - HOW CHINA BECAME PROSPER ? ALMOST 70% OF THE MANUFACTORY JOB IN CHINA BELON ...
read full comment

IT'S TIME FOR THE NDC GORVEMENT TO KNOW HOW CREAT A JOB BY DEALING WITH WESTERN COUNTRIES SUCH AS EUROPEANS AND U.S.A . ASK YOURSELF THIS QUESTION - HOW CHINA BECAME PROSPER ? ALMOST 70% OF THE MANUFACTORY JOB IN CHINA BELONG TO THE AMERICANS AND EUROPEANS BCOS OF CHEAP LABOUR AND GHANA CAN ALSO DO THE SAME IF GHANA WILL FACE AMERICANS AND THE EUROPEANS DIRECT FOR THE BUSINESS INVESTMENT INSTEAD OF DEALING WITH CHINA , TURKEY , RUSSIA AND IRAN . GHANA HAS NO MEANS TO PAY THE BAILOUT - WE DON'T PRINT OUR OWN MONEY . BORROW AND BAILOUT TERM AND CONDITIONS ARE DIFFERENT . GHANA STILL OWN CHINA PAYING UNNECESSARY HIGH INTEREST RATE . WHY NOT BORROW FROM OUR FRIENDS THE EUROPEAN OR AMERICAN FOR LESS RATE ?
wali 11 years ago

MAHAMA MUST RETERN ALL THE GHANA TRUSURY GOLD THAT HE STOLE AND SOLD TO IRAN AND TURKY.THIS DICTATOR MUST GO BACK TO THE NORTH WE HAD IT WITH HIS BULL-CRAP HIGH VATS AND TAXES AND FEES THE MADNESS MUST BE STOP NOW

MAHAMA MUST RETERN ALL THE GHANA TRUSURY GOLD THAT HE STOLE AND SOLD TO IRAN AND TURKY.THIS DICTATOR MUST GO BACK TO THE NORTH WE HAD IT WITH HIS BULL-CRAP HIGH VATS AND TAXES AND FEES THE MADNESS MUST BE STOP NOW
The Thief of Bole 11 years ago

If you check the pockets of these people I am sure you will get enough change to pay all our loans and shortfalls. If not, look under the sofas and car seats. These thieves are freaking rich so don't discount this information ...
read full comment

If you check the pockets of these people I am sure you will get enough change to pay all our loans and shortfalls. If not, look under the sofas and car seats. These thieves are freaking rich so don't discount this information.
Solomon Dormenyo Quist 11 years ago

It is so sad when people find nothing wrong with trivialising serious issues.

It is so sad when people find nothing wrong with trivialising serious issues.
sam 11 years ago

CAN NDC LOOK INTO THE MIRROR AND SAY TO THEMSELVES THEY ARE DOING A GOOD JOB AND ARE ON TOP OF GHANA'S AFFAIRS? WHAT A SHAME. AS THEY SAY WHEN THE "SHYTE" HITS THE FAN EVERYONE WITH SMELL IT. I AM DISAPPOINTED AT MAHAMA AS I ...
read full comment

CAN NDC LOOK INTO THE MIRROR AND SAY TO THEMSELVES THEY ARE DOING A GOOD JOB AND ARE ON TOP OF GHANA'S AFFAIRS? WHAT A SHAME. AS THEY SAY WHEN THE "SHYTE" HITS THE FAN EVERYONE WITH SMELL IT. I AM DISAPPOINTED AT MAHAMA AS I EXPECTED MUCH MORE ABILITY FROM HIM & NOT THIS WEAK LEADERSHIP AMIDST CORRUPTION EVERYWHERE.I REALLY DON'T THINK NPP NEEDS TO CAMPAIGN FOR 2016 AS NDC IS DOING THAT FOR THEM WITH VERY BAD LEADERSHIP, LOTS OF BARREN TALK, CORRUPTION ETC ETC ETC ETC. AN EXPERIANCE MAN LIKE MAHAMA BEING AN MP, VICE PRESIDENT AND NOW PRESIDENT SHOULD REALLY BE DOING MUCH BETTER.
Freshie101 11 years ago

It's funny how Ghana received a bailout which cleared all of our debts in Kuffour time. And in just 8 years, we have accumulated 16.5 billion in debt while we have discovered oil. The people need to stand up, otherwise our c ...
read full comment

It's funny how Ghana received a bailout which cleared all of our debts in Kuffour time. And in just 8 years, we have accumulated 16.5 billion in debt while we have discovered oil. The people need to stand up, otherwise our country is doomed. Even I can manage this country and make profit for the country. We have too many crooks in office, both NDC and NPP, as well as the other parties too.

GHANAIAN 11 years ago

THE BLACK MAN IS CAPABLE OF HANDLING HIS OWN AFFAIRS-OH! OSAGJEFO COME AND SEE AS OOO- WE ARE USELESS PEOPLE.

THE BLACK MAN IS CAPABLE OF HANDLING HIS OWN AFFAIRS-OH! OSAGJEFO COME AND SEE AS OOO- WE ARE USELESS PEOPLE.
C.STEPHEN SACKEY 11 years ago

If this guy is a certified financial analyst,CFA-the designation for professionals who anlalyse corporate financial statements to guide asset managers and stock brokers on stock trading then he is way over his hea ...
read full comment

If this guy is a certified financial analyst,CFA-the designation for professionals who anlalyse corporate financial statements to guide asset managers and stock brokers on stock trading then he is way over his head with this advice. Any such advice should come from the monetarists not a CFA.And then there is another guy called Casely Hayford a CFA who comes on Ghanweb and spouts nonsense.Who are these bozos anyway?
SKILLO 11 years ago

I agree

I agree
GHFUO, be serious & change ur MENtali 11 years ago

THEY R IN A HURRY TO BORROW SO THEY CAN DO CREATE, LOOT AND CHEW!

THEY R IN A HURRY TO BORROW SO THEY CAN DO CREATE, LOOT AND CHEW!
FACT 11 years ago

GOVERNMENT SHOULD ADOPT A WAIT-AND-SEE ATTITUDE TO ASSESS THE EFFECTS OF THE FISCAL AND MONETARY POLICIES THAT HAVE BEEN IMPLEMENTED. THE GOVERNMENT WILL BE COMMITTING POLITICAL SUICIDE IF IT RUSHES TO THE IMF WHICH IS WAITI ...
read full comment

GOVERNMENT SHOULD ADOPT A WAIT-AND-SEE ATTITUDE TO ASSESS THE EFFECTS OF THE FISCAL AND MONETARY POLICIES THAT HAVE BEEN IMPLEMENTED. THE GOVERNMENT WILL BE COMMITTING POLITICAL SUICIDE IF IT RUSHES TO THE IMF WHICH IS WAITING EARNESTLY TO IMPOSE ITS SEVERE "CONDITIONALITIES" , SUCH AS, "DEVALUATION" OF THE ALREADY WEAK CEDI.
FACT 11 years ago

GOVERNMENT SHOULD ADOPT A WAIT-AND-SEE ATTITUDE TO ASSESS THE EFFECTS OF THE FISCAL AND MONETARY POLICIES THAT HAVE BEEN IMPLEMENTED. THE GOVERNMENT WILL BE COMMITTING POLITICAL SUICIDE IF IT RUSHES TO THE IMF WHICH IS WAITI ...
read full comment

GOVERNMENT SHOULD ADOPT A WAIT-AND-SEE ATTITUDE TO ASSESS THE EFFECTS OF THE FISCAL AND MONETARY POLICIES THAT HAVE BEEN IMPLEMENTED. THE GOVERNMENT WILL BE COMMITTING POLITICAL SUICIDE IF IT RUSHES TO THE IMF WHICH IS WAITING EARNESTLY TO IMPOSE ITS SEVERE "CONDITIONALITIES" , SUCH AS, "DEVALUATION" OF THE ALREADY WEAK CEDI.
ghetto youth... 11 years ago

USELESS PARTY...ONLY FOOLS SUPPORT NDC

USELESS PARTY...ONLY FOOLS SUPPORT NDC
Alex Kojo Sammy-Paris!. 11 years ago

Yes nd.....Amen!, nd fr Samms!.

Yes nd.....Amen!, nd fr Samms!.
NAN 11 years ago

ECONONY IS BUILD BY THE INDIVIUALS NOT GOVERNMENT.GHANA CAN BE BAILOUT BUT WHAT ARE WE DOING NOW, SINCE THE BUSINESS MEN AND WOMEN ARE NOW HOLDING ON TO THEIR MONEY.
THE GOVERNMENT WILL STILL FAIL THE ECONOMY WILL BE WORSE.

ECONONY IS BUILD BY THE INDIVIUALS NOT GOVERNMENT.GHANA CAN BE BAILOUT BUT WHAT ARE WE DOING NOW, SINCE THE BUSINESS MEN AND WOMEN ARE NOW HOLDING ON TO THEIR MONEY.
THE GOVERNMENT WILL STILL FAIL THE ECONOMY WILL BE WORSE.
wali 11 years ago

ALONG WITH HIS ALL GOVRENMENT THAT HAVE NO IDEA WHAT THEY ARE DOING WE ARE TIRED OF MAHAMA FEES AND HIGH VATS AND HIGH TAXES IT IS TIME FOR MAHAMA TO STEP DOWN RIGHT NOW

ALONG WITH HIS ALL GOVRENMENT THAT HAVE NO IDEA WHAT THEY ARE DOING WE ARE TIRED OF MAHAMA FEES AND HIGH VATS AND HIGH TAXES IT IS TIME FOR MAHAMA TO STEP DOWN RIGHT NOW

HAZOR 11 years ago

We will warn IMF and World Bank not to bailout Ghana under Mahama.Before they do so,we will ask IMF and World Bank to investigate what Mahama did with our 23 billion dollars and provide evidence and documentation and confirm ...
read full comment

We will warn IMF and World Bank not to bailout Ghana under Mahama.Before they do so,we will ask IMF and World Bank to investigate what Mahama did with our 23 billion dollars and provide evidence and documentation and confirm all projects to satisfy Ghanaians with press briefing before they do so.This John Gatsi did not know what he is talking about.Isn't the same John Gatsi said the 23billion dollars debt Mahama has incur for the nation and nothing to show for is nothing and accommodable?So why is he calling for bailout now.Is this guy sick or what?
SKILLO 11 years ago

Bailout out just to shore up the currency? Why don't you stop importing things that can be locally produced, To easy the pressure on the Cedi. Where is the oil money? Where is the cocoa, diamond, timber, remittance money? Did ...
read full comment

Bailout out just to shore up the currency? Why don't you stop importing things that can be locally produced, To easy the pressure on the Cedi. Where is the oil money? Where is the cocoa, diamond, timber, remittance money? Did the Bank of Ghana just insure bonds for 25% intesrest? That's crazy (25%). These money managers cannot even manage their own money properly, much more manage the economy of a country.
Yorkeshire 11 years ago

Hahaa another way to pocket money into criminal Ghanaian politicians BAILOUT Ghana don't need that trust me .Facts they think of their families only bastard.

Hahaa another way to pocket money into criminal Ghanaian politicians BAILOUT Ghana don't need that trust me .Facts they think of their families only bastard.

23 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Ghana must seek bailout now - Financial Analyst

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (23)

Read Comments Comments (23)