Rawlings was right on cedi redenomination but... -Pratt

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A citizen. 11 years ago

Ghanaians are fools. We follow blindly.

Ghanaians are fools. We follow blindly.
Emma 11 years ago

Go to Cote d'Ivoire and they will tell u about their smallest denominations. Ghanaians as @ the introduction of new coins in the system, didn't know how to use the smallest coin. And that was our problem. Pratt has never seen ...
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Go to Cote d'Ivoire and they will tell u about their smallest denominations. Ghanaians as @ the introduction of new coins in the system, didn't know how to use the smallest coin. And that was our problem. Pratt has never seen anything good in people except himself. Y?give solutions also.
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Craig 11 years ago

The current leaders should stop this psychological abuse Rawlings is putting on Ghanaians.

The current leaders should stop this psychological abuse Rawlings is putting on Ghanaians.
facts 11 years ago

The facts are there and can never be changed. RAWLINGS HAS NEVER AND CAN NEVER BE RIGHT. His actions are for his selfish interest. His coup was wrong, unlawful and it served no general purpose. It was to to get money for york ...
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The facts are there and can never be changed. RAWLINGS HAS NEVER AND CAN NEVER BE RIGHT. His actions are for his selfish interest. His coup was wrong, unlawful and it served no general purpose. It was to to get money for yorkegari bills. He killed 3 innocent judges-wrong. He murdered all the leaders of our country out of envy not for any tangible reasons-wrong. His 'if not me who' policy has never and can never be right.
PRINCE KWASI ADADE 11 years ago

GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTA ...
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GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTABLE. NDC HAS OVER THE PAST 5 YEARS PRESIDED OVER THE BIGGEST RESOURCES IN OUR HISTORY INCLUDING CRUDE OIL & STEALTH TAXES. THEY HAVE ALSO CONTRACTED THE BIGGEST LOANS IN OUR HISTORY. IF THEY HAVE NOTHING TO SHOW FOR THIS AND THE ECONOMY IS IN SHAMBLES, THEN,THEY MUST BE PROSECUTED. THEY MUST GIVE THE MONEYS BACK TO THE TREASURY. WE DO NOT NEED ANY ECONOMIC FORUM. SET UP A COURT IMMEDIATELY. IT HAPPENED IN THAILAND RECENTLY, PRIME MINISTER YINGLUCK SHINAWATRA WAS REMOVED BY THE CONSTITUTIONAL COURT FOR ABUSING POWER. LOOK AT GHANA, EMBRAER PLANE SCANDAL, STX KOREA, SUBAH, GYEEDA, WOYOMI, ISOFOTON, WATERVILLE, AFRICA AUTOMOBILE, CP, SADA, FORTIZ/MERCHANT BANK, AKONFEM AND A HOST OF OTHER DODGY JUDGEMENT DEBT PAYMENTS. BUYING VOTES WITH CASH, LAND CRUISERS & LAPTOPS JUST TO WIN ELECTIONS. WHY NDC?????? WHY??? OUR SUPREME COURT COULD NOT HELP BUT DESCRIBED IT AS "ALLIANCE TO CREATE, LOOT AND SHARE" WHAT A SHAME? ?? AND YOU CALLING GHANAIANS TO A WASTEFUL ECONOMIC FORUM. NDC, THE MONEY IS WITH YOU, GIVE IT BACK TO GHANA. NPP, I SALUTE YOUR COURAGE FOR NOT ATTENDING. NPP REMAIN SMART AND VIGILANT!!!!!!
Jato Julor (J.J.) Rawlings 11 years ago

Prating Pratt, the communist asswipe !

What he lacks in intelligence,Prating Pratt makes up for in nescience with a square root.

Can Prating Pratt cite a single example of how the redenomination negatively affected pric ...
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Prating Pratt, the communist asswipe !

What he lacks in intelligence,Prating Pratt makes up for in nescience with a square root.

Can Prating Pratt cite a single example of how the redenomination negatively affected prices ?

Always wanting his voice to be heard on issues that he has no clues of,Kwesi Pratt even doesn't recognise that he is making a monkey of himself with his communist inclinations.

Does Prating Pratt think Ghana is the only country in the world blessed with gold,diamonds,cocoa or other natural resources looking for investors ? Or exporting raw materials ?

Only a donkey-brained twerp of the kind of Kwesi Pratt will say that a HIPC economy which was turned around into a middle income country within 6 years without any oil revenues,rather resulted in a substantial decline of the economy.

An economy which more than tripled from less than a GDP of $5 billion in 2001 to over $20 billion in 2009 rather saw a decline in the stats ?

What sort of unrefined stupidity is that ?

Is it the case of the 'akukoh dancing in front of 'akrumas' ?
g dot hana (BP) 11 years ago

amen! preach

amen! preach
Adwowa Mansah 11 years ago

The Re-denomination of the Cedi
The Bank of Ghana (BoG) is planning to redenominate the cedi in July 2007. BoG intends to set ten thousand cedis to one new Ghana cedi.

This paper investigates the conditions under which co ...
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The Re-denomination of the Cedi
The Bank of Ghana (BoG) is planning to redenominate the cedi in July 2007. BoG intends to set ten thousand cedis to one new Ghana cedi.

This paper investigates the conditions under which countries, especially developing countries engage in currency redenomination. It focuses on Ghana. Given that many governments of developing countries experience high levels of inflation and a deterioration in their currency‘s value against other currencies, why do some elect to redenominate, while others do not? And why do some governments wait many years after a bout of hyperinflation, or after their currency is priced at 1000 or 5000 units to the dollar, to redenominate, while others do so relatively quickly? I suggest that the explanations rest in a combination of economic and political factors, including inflation, governments’ concerns about credibility, and the effect of currencies on national identity.

The cedi redenomination has become necessary as a result of years of decline in the currency’s value. In 1982, for example, the US dollar exchanged for 2.78 cedis. Now the dollar exchanges for about 9100 cedis. The redenomination is being carried out now as part of the government’s efforts to convince citizens and markets that hyper-inflation is a thing of the past. Inflation was as high as 116% in 1977, 117% in 1981 and 123% in 1983. Now inflation has been reduced to about 12%. The redenomination is also being carried now in order to re-align the cedi with other currencies in the West African region as ECOWAS member countries move to a common currency, the Eco.

Currency redenomination also can be a means by which some governments attempt to reassert their monetary sovereignty. If citizens lose confidence in the national currency, they may begin to use foreign currencies, particularly those with greater prestige. This may be both a psychological and an economic blow to the government: with widespread foreign currency substitution (or, more extremely, full dollarization), the central bank no longer controls the money supply, rendering it unable to provide lender of last resort functions.

A country’s economic policy is influenced not only by international capital markets, but also by foreign central banks. Currency redenomination, then, is a means by which governments can attempt to reverse this currency substituting behavior: if citizens are confident that the new Ghanaian cedi will hold its value, they may be willing to shift from using euros and dollars to using cedi. This is the psychological effect of redenomination.

So, what is redenomination? Well, it is simple. Bank of Ghana is going to do something to our money so that instead of using say, ¢500 000 to buy something, we would now use fifty Ghana cedis (GH¢50) to buy that same thing. This is the portability effect of redenomination. The portability of the new currency makes it more convenient to carry large sums of money on a person rather than in suit cases or bags. The time wasted in the counting of large sums of money and the risk involved in carrying large sums of money in bulging pockets or suit cases will be reduced drastically with the redenomination. It will also facilitate the introduction of of the use of vendor machines and car parking meters as well as the re-introduction of the use of coins for smaller units of money.

For redenomination to be effective, it has to go beyond the psychological and portability effects; it has to be associated with broader macroeconomic and fiscal reforms. One area of reform should be to reduce the size of the informal economy. The informal economy in Ghana is significantly larger than the formal economy. Very few people in the country transact business by using cheques. Even government transactions such as registration fees or payment of license fees or court fines are done in cash. Some estimates indicate that as much as 70-75% of the currency in the country circulates in the informal economy outside the banking system. People transact business in cash. The banks do not encourage the use of cheques. One cannot go to market or a supermarket or mall and pay for goods in cheques. Parents who use the banks are not encouraged, for example, to pay school fees for their wards in cheques. It should be possible for one to go to the Vehicle Licensing office to register one’s vehicle by paying with cheque, money order or cahier’s cheque. But that is not the case in Ghana now. The recent introduction of ATM is basically an urban phenomenon that is used by very few people.

Petty traders tie their cash in their waist belts. The paper currency quickly becomes very dirty only a month after it is put in circulation.

Some of the major cash movers in retail, wholesaling, and agro-crop purchasing have tended to hoard any cash that comes through their hands, preferring to trade that cash to speculators. This has led to widening disintermediation in the national payments system.

Rather than introducing innovative schemes the banks have continued to reap huge profits by taking advantage of an imperfect market situation characterized by a government with an insatiable appetite for loanable funds and a lukewarm banking public. Large investments in high-yielding Government bills, high rates on advances to businesses, low interest rates on deposits, and charges and levies on the banking public are the ingredients of this lop-sided financial market situation. Although the number of banks in Ghana has increased in recent years and new services have been introduced, the money market exhibits a kind of inflexibility suggesting an oligopolistic structure. Instead of the increased number of banks generating competition leading to reduction in cost of bank-service provision to customers, there has been a race for higher profits by most banks. As if the high interest rates were not enough, bank customers are levied charges and commissions of all sorts. A customer making deposit is first cautioned about a ‘minimum deposit’. If the deposit falls below such specified minimum, the customer is levied a charge. In some banks, the minimum deposit can be as high as one million cedis – clearly out of reach of the average Ghanaian. Other levies, which are difficult to explain or justify, include so-called periodic charges on accounts even when they have been dormant. This is as in ancient times when the major role of banks was safekeeping of valuable assets. It is only under such an archaic idea of banks rendering safekeeping services that these periodic charges on dormant accounts can be justified; but certainly in modern day banking the practice is untenable.

What plans do the banks have for sustaining long term lending, for example through mortgage financing of houses? Long-term lending is the bedrock of sustained development not short-term lending to buy cocoa during the peak season or to buy and sell imported consumer goods for Christmas or Easter.

"The re-denomination," according to the Governor, "will free the economy to do business in the most efficient way, based on the cedi as a means of exchange; and with continued commitment to prudent and disciplined economic policies, would serve as a store of value for all, both within and outside of the banking system. Parliament's commitment to fiscal discipline will be indispensable for the success of this monetary reform over the long term, because Parliament has the approval and oversight responsibilities for budgetary policies to underpin sound monetary conditions," the BoG Governor claims.

But the Ghanaian Parliament is nothing but a rubber stamp that always passes the government’s budget. The government budget has been one that is based on deficit financing. The deficit is either funded by printing money, selling treasury bills, funding through donor sources, or a combination of any of these funding sources. The deficit financing of the government budget results from a number of factors. Principal among these factors is the fact that the tax net is not spread broad enough because no actionable plans have been put in place to rope in sections of the informal economy into the formal economy. Another factor is the shrinking of paid employees as result of liberalization and divestiture. The labor force in the Ghanaian economy is distributed thus: agriculture: 60%, industry: 15%, services: 25%. Successful redenomination will require curbing deficit financing of the government budget and the cyclical inflation during the peak cocoa season, and adding value to our mineral and agricultural raw materials before export. There is the need to restructure the economy so that the secondary rather the primary sector will be the engine of growth.

Whatever, the causes of inflation, it is clear that we cannot rely on monetary policy only to hold inflation at bay. Avoidance of fiscal excesses and active policies to revamp the real sector are credible complements. Without a change in policy and full cooperation from the fiscal authorities, monetary policy will remain just a passive appendage to the economic policy making process in Ghana, lending itself to accommodation of fiscal excesses.
insight to the bone 11 years ago

Let us not be fooled into ignoring the true motives and intentions of JJ's so called uprisings as the truth is evident upon reflection with wisdom and a just heart. It was nothing but a dubious plan and insidious agenda motiv ...
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Let us not be fooled into ignoring the true motives and intentions of JJ's so called uprisings as the truth is evident upon reflection with wisdom and a just heart. It was nothing but a dubious plan and insidious agenda motivated by tribalism and hatred of the Akans . This is the greatest tragedy and the reason why the country can never develop, as long as the undercurrent of all political activity is the hatred and exclusion of everything Akan there can never be true unity and peace of mind . We now have generations of youth in absolute poverty who will never know what a job that can sustain a family is , brainwashed into thinking the perverse lies of this ndc are the right moral standards of the day, yes buga buga tactics designed to break the spirit of a free nation . They say we are only angry but the fact remains this was a tribal war still continuing against the Akans , you will never hear JJ mention the corrupt EWE such as woyome , segbefia and tsikata but rather any Ashanti public or private is the enemy and criminal and his follows will add drug barons . He will never see the evil corruption of his allies in this backstrabbing war against the Akans the northerners and other minorities such as the Gas. Without proof or the need to respect the law and human rights of the accused he will judge and execute innocent Akans into jail or death , even his long time traitor friend Mills was not good enough because he was Fanti and therefore not motivated enough to hate his brothers the Ashantis or npp. Forbes has put the mahamas in the list of being one of the most corrupt family in the country and Africa but JJ and the NDC are blind to this fact and obviously have succeeded in bribing our so called opposition NPP into compliance of the ongoing crimes . JJ , WHERE IS YOUR COUP NOW IN SWEEPING AWAY THIS CORRUPT GOVT ,is it because its now your ayigbe and pepeni who are now the one's stealing ?

kojj 11 years ago

I would comment on just one thing, Ghanaians cast your minds back to '81 when jj came to power. Then c10 was c10, by the time he left office in 2000, it has depreciated to c100,000. So even a new born baby would he wrote on t ...
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I would comment on just one thing, Ghanaians cast your minds back to '81 when jj came to power. Then c10 was c10, by the time he left office in 2000, it has depreciated to c100,000. So even a new born baby would he wrote on the 4 0's due to mismanagement n corruption from all his camelion different governmental names he went through. He is shameless because, he thinks like a little child or he is completely a mad man as a result of his substance abuse.
jumbo 11 years ago

The Npp in the room does not refer to what you are thinking but I am referring to the proverbial elephant in the room.

The elephant in the room is our wage bill and president Mahama´s own contribution to our economic woes ...
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The Npp in the room does not refer to what you are thinking but I am referring to the proverbial elephant in the room.

The elephant in the room is our wage bill and president Mahama´s own contribution to our economic woes and other factors, but first redenomination.

Yes JJ Rawlings was right on the redenomination of the cedi and like he rightly pointed out,by knocking off four(4) zeroes, goods and services that were sold below 10,000 became worthless.However,the financial and economic imbalances that resulted from the redenomination was righted(brake-even)as the years went by and Ghanaians made those painful adjustment through what experts call Ghanaian ingenuity.It is this Ghanaian ingenuity that saw us record the best macro economic indices in the year 2011 with the longest single digit inflation thereafter until now.

My comment is becoming too long so let me go straight to the point.The wage bill is our single most important killer couple with judgement debts-corruption.

The day the single spine salary structure was implemented was the beginning of our economic downward movement leading to our current predicament.There is no country in the world that spend more than 70% of its revenue on wages and salaries and still embark on massive infrastructural development like ours, that will not experience economic difficulties we are going through.This is where I disagree with Dr Bawumia and profesor Botwey who seem to be in a haste to go to IMF for bail out.The solution lies in the reducing our wages and salary bill to between 30-35% of our revenue.This will then free a lot of money to the govt for the badly needed infrastructural
development.The million dollar question is which of the two main political parties-NDC and NPP will have the political will to take Ghanaians down this necessary path?.

A lot have been said about corruption and judgement debt particularly corruption in the judiciary;the embodiment of the rule of law.I will then leave it for another day.

In conclusion,it will be intellectually dishonest on my part if I fail to mention president Mahama´s reckless 100% salary increment for the executive with retrospective effect from 2009.Thereby compounding our financial problems.

Finally,I challenge our journalist to qustion Dr. Bawumia,Osei Gyei Bonsu,the minority leader parliament and Dr Akoto,the shadow minister of finance and economic also in parliament either individually or severally that,is NPP willing to reduce the wages and salary bill to the acceptable level of 30-35% of the revenue?
Frank Agyena-Karikari 11 years ago

Did Jerry read about inflation in Germany after WW II? People used wheel barrows for their salaries. At Jerry's time we talked millions of cedis that could buy nothing.
What we need to address now are unemployment, Dumsor, A ...
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Did Jerry read about inflation in Germany after WW II? People used wheel barrows for their salaries. At Jerry's time we talked millions of cedis that could buy nothing.
What we need to address now are unemployment, Dumsor, Armed robbery and poor roads.
As for saint Jerry we just should leave him alone. When he sold all the SOES to wife and cronies, and did not build new ones, where did he expect employment to come from? The INFALLIBLE Jerry is responsible for Ghana's predicament but NDC attack wolves see nothing about it.
Adam 11 years ago

We started using our cedis,when Nkrumah changed from pounds to cedis.And we only knew,one cedi,two cedis,five cedis,and ten cedis for papers,and one pesewa,three pesewas,five peswas,ten pesewas and twenty pesewas coins.We use ...
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We started using our cedis,when Nkrumah changed from pounds to cedis.And we only knew,one cedi,two cedis,five cedis,and ten cedis for papers,and one pesewa,three pesewas,five peswas,ten pesewas and twenty pesewas coins.We used these denomination,from Nkrumah to Acheampon to Akuffo,When Rawlings took power and he was not able to control inflation,he redominated the cedis to thousands of cedis,During Rawlings time some amount of money makes a bag full it was useless money.Kuffoh brought the money back where it was during Nkrumah's time,and as of now as these people of today(NDC)does'nt know nothing about economics we are gradualy going back to Rawlings time when small amount of money makes a bag full,that's nonsense.
Kpenyigba Kwesi 11 years ago

The rededomination of Cedis is not the of cause of our present economic problems.Indeed, corruption has played a nagative roles in the crisis but we should also remember that when JJ and his administration devalued the Cedis ...
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The rededomination of Cedis is not the of cause of our present economic problems.Indeed, corruption has played a nagative roles in the crisis but we should also remember that when JJ and his administration devalued the Cedis about 700 per cent thus increasing exports; the economic situation was relatively good. BoG should allow the Cedis to fall and control imports. In doing so,the economic situation will drastically improved.
g dot hana (BP) 11 years ago

People should recognise then, that in terms of our economics and financial status the NPP's government were closer to the revered Nkrumah government than the NDC will ever be!

People should recognise then, that in terms of our economics and financial status the NPP's government were closer to the revered Nkrumah government than the NDC will ever be!
Kwame Dokyi 11 years ago

Stop your bullshit Adam; you don't know anything either!!

Stop your bullshit Adam; you don't know anything either!!
SISTER KATE 11 years ago

I really doubt Kwesi Pratt is Patriotic as he has chosen to ditch the realities on ground to save face.

It is in no doubt that the Kufuor led Government inherited a stable government with the credit of a goodwill of peacef ...
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I really doubt Kwesi Pratt is Patriotic as he has chosen to ditch the realities on ground to save face.

It is in no doubt that the Kufuor led Government inherited a stable government with the credit of a goodwill of peaceful continuity of our fledgling democracy which investors were encouraged by it.

This was seen in the safety security networks in our society with the minimal number of armed robbers and cocaine dealers which encouraged Nigerian investors to relocate businesses to Ghana. Nigerian businesses suffered security of staffs and other resources typical of the banking sectors which came down to Ghana to boost the economy.

Not only Nigerian businesses but other investors from around the world, India, China etc... helped boost the economy because of continuity of good Governance. That was the credit and that was the GOODWILL.

But what happened to our credit? Not too long, Kufuor redenominated the cedi where the VALUE of 10,000 reduced considerably. People should note the value not the amount to carry because there was nothing wrong with the amount as explained by just printing new single notes if it were many to carry but actually redenomination, pegging 10,000 old cedis to new 1GH cedis killed of the VALUE.

We also realised market wowen were not educated as well as business men and women as there was confusion all over. So really not too long, the New Gh-CEDI could not afford goods and services as the old could afford. This was the starting point of decline in value of the cedi and this coward Kwesi Pratt does know that it also affected the economy.

Another problem of the Kufuor's Administration was that although it bagged in more revenue for growth, it also inherited a Gargantuan debt plus the mounting judgement debts. Actually Judgement debts became prominent and public knowledge soon after they got booted out of office.

Every Economist knows what is happening today is a direct result of the incompetency of Bawumia and the Kufuor led government.
WOATAH POO. 11 years ago

NEVER EVER CALLED YOURSELF A SISTER YOU ARE VERY STUPID DIRTY GIRL.THE ANALYZIS YOU MADE IS BOGUS AND UNDERSTANABLE.WHERE DID KUFOUR INHERITED GARGANTUAN DEBT AND JUDGEMENT DEBTS FROM?.BECAUSE OF LIES YOU SEEMED TO BE FOOLISH ...
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NEVER EVER CALLED YOURSELF A SISTER YOU ARE VERY STUPID DIRTY GIRL.THE ANALYZIS YOU MADE IS BOGUS AND UNDERSTANABLE.WHERE DID KUFOUR INHERITED GARGANTUAN DEBT AND JUDGEMENT DEBTS FROM?.BECAUSE OF LIES YOU SEEMED TO BE FOOLISH.THE REDENOMINATION OF CEDI HAS NO EFFECT ON THE CURRENCY BUT RATHER POOR LEADERSHIP WHO HAS NO BRAIN TO MANAGE THE ECONOMY.THE SUFFERING YOU PEOPLE ENCOUNTERING OVER THERE IS THE CAUSED OF THIS YOUR DIRTY PARTY YENTIE OBIARA.WE ARE FED UP YOUR DAILY LIES WHICH CAN'T BENEFIT ANYONE.YOU MUST PUT AN END IT AND STOP BLAMING NPP FOR THE PROBLEMS YOU PEOPLE HAVE CAUSED.NDC IS FULL OF LOOTERS,HOW DID NKETIAH ASIEDU MANAGE TO GET 89MILLIONS IN HIS ACCOUNTS TELL ME AND STOP THAT NONSENSE YOU ARE MAKING. TIME WILL TELL,AND ONLY GOD KNOWS THE RIGHT TIME.THE WAY HIS BOSS RAWLINGS TIED PEOPLE AND SHOT THEM AT SHORT RANGE IS FRONT OF HIM AND HIS IDIOT BOSS.YOU ARE BASTARD LIAR WHEN DID THE CEDIS START TO FALL,IT ALL STARTED IN MILLS TIME DUE TO LOOTING MECHANISM THAT NDC SMUGGLED INTO THE SYSTEM THAT CAUSE THE DRAINAGE OF OUR COFFERS
WOATAH POO. 11 years ago

THE ANALYSIS YOU MADE IS BOGUS AND NOT UNDERSTANDABLE.

THE ANALYSIS YOU MADE IS BOGUS AND NOT UNDERSTANDABLE.

Mr. Figure-Out 11 years ago

Power corrupts but bribe money corrupts absolutely. It is so sad that some people who claim to be educated cannot see the mischief and disservice done to Ghana anytime Rawlings and,especially, Kwesi Pratt speaks. Who in his ...
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Power corrupts but bribe money corrupts absolutely. It is so sad that some people who claim to be educated cannot see the mischief and disservice done to Ghana anytime Rawlings and,especially, Kwesi Pratt speaks. Who in his right senses would blame the current "economic depression" on the cedi redenomination, the best thing that ever happened Ghana on its inception,which created the conducive and enabling environment for businesses, and which also saw all our neighboring countries, and the international community as well, moving their business empires to Ghana to rake in on the benefits of that one singular smart move. In any case where were the gumption of the Pratts, Rawlingses, and their foot soldering lunatic fringes when Mill-mahama administration was blowing its horns from rooftops, boasting of the attainment of a phantom single inflation digits which brought nothing new but skyrocketing of prices and high cost of living. Were they not being economical with the truth when they allow those outright lies lingers on till this time? No wonder it is only in the dispensation of the NDC where lowering of inflation means high cost of living .
oppong london 11 years ago

the stupid ghanaians will continue to believe ndc lies and propaganda,useless rawlings and kwesi pratt always come with primitive ideas,ghanaians should enlighten themselves a bit ,npp under kuffour has been the best governme ...
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the stupid ghanaians will continue to believe ndc lies and propaganda,useless rawlings and kwesi pratt always come with primitive ideas,ghanaians should enlighten themselves a bit ,npp under kuffour has been the best government of all time nhis,free maternal care,metro mass and redenomination of cedi were all good policies and better than ndc policy free government.ndc has no ideas,no policies,they just govern without policies,idiots.
kwesi 11 years ago

MR PRATT U MY MENTOR BCOS U ALWAYS STAND FOR TRUTH AND I ADMIRE U FOR THAT.

MR PRATT U MY MENTOR BCOS U ALWAYS STAND FOR TRUTH AND I ADMIRE U FOR THAT.
g dot hana (BP) 11 years ago

agreed. i mean what transaction needed to be done below 1000 cedis anyway?

the fact of the matter is that Ghanaians didnt understand nor respect their new currency.

agreed. i mean what transaction needed to be done below 1000 cedis anyway?

the fact of the matter is that Ghanaians didnt understand nor respect their new currency.
ST. SIMON 11 years ago

MR PRATT CANT EVEN MANAGE HIS PAPER WELL. HE HAS BEEN AROUND OVER 30 YEARS ALWAYS CRITICIZING AND NOT FINDING SOLUTIONS. HAS HE ASKED THE BANK OF GHANA HOW THE RETRIEVED OLD CEDIS WERE DISPOSED OFF? MR PRATT DONT PRETEND TO B ...
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MR PRATT CANT EVEN MANAGE HIS PAPER WELL. HE HAS BEEN AROUND OVER 30 YEARS ALWAYS CRITICIZING AND NOT FINDING SOLUTIONS. HAS HE ASKED THE BANK OF GHANA HOW THE RETRIEVED OLD CEDIS WERE DISPOSED OFF? MR PRATT DONT PRETEND TO BE A MR KNOW ALL.
SARPONG 11 years ago

Fuck off with Pratt nonsense. How did redenomination affect prices? What has affected Ghanaians mentality is the stupid mentality that government should provide free things which was started by Nkrumah.

Where in this world ...
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Fuck off with Pratt nonsense. How did redenomination affect prices? What has affected Ghanaians mentality is the stupid mentality that government should provide free things which was started by Nkrumah.

Where in this world does government provide free accomodation not only to Ministers, Judges and MP's, but principal secretaries and all government appointees including DCE's with bonuses of $40,000 every four years.

I will soon send articles to governments that give us financial Aid to stop supporting our budgets and other projects unless our Politicians cut this wasteful benefits.

I have now realized our Politicians are not ready to cut down on our wasteful expenses especially the special benefits to themselves.
CHARCOAL SELLER. 11 years ago

The free fall of Ghana's economy began in 1966 with the National Liberation Council/NLC/National Liars Club, and it has continued till today. Reactionary tribal politicians with university degrees and very little knowledge of ...
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The free fall of Ghana's economy began in 1966 with the National Liberation Council/NLC/National Liars Club, and it has continued till today. Reactionary tribal politicians with university degrees and very little knowledge of nation building, their motto is: "steal as much as we can and blame the other party when the people vote us out".

Both NDC&NPP have been making Europe, America, India and China (to name a few,) very rich at Ghana's expense, they have literally given away the country's mineral wealth for peanuts, shameless political miscreants supported by blind tribalists.
Agbolosso 11 years ago

Nkrumah laid a faulty foundation from the get go and Ghana problems started from Independence when Nkrumah spent our inheritance trying to be President of Ghana.

Nkrumah is to blame for our lazy mentality that government i ...
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Nkrumah laid a faulty foundation from the get go and Ghana problems started from Independence when Nkrumah spent our inheritance trying to be President of Ghana.

Nkrumah is to blame for our lazy mentality that government is a father Christmas ready to give us everything we need for free.
CHARCOAL SELLER. 11 years ago

The difference between President Nkrumah's CPP, and the rest of politicians, is very clear for all to see, the CPP believes that the wealth of Africa ought to benefit the people of Africa, NDC&NPP believes that the wealth of ...
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The difference between President Nkrumah's CPP, and the rest of politicians, is very clear for all to see, the CPP believes that the wealth of Africa ought to benefit the people of Africa, NDC&NPP believes that the wealth of Africa ought to benefit only politicians and their cronies, with fat salaries + perks and the hell with the masses.

President Kwame Nkrumah, the president of African Liberation, The GREAT ONE, and his Party of Liberation CPP, can be fairly criticized on strategy and tactics, but even today, the Party of Liberation CPP, is unmatched Africa, in terms of meaningful programs that benefit the people of Ghana, and continental Africa generally.

China is a living example of the type of success that the GREAT ONE had envisioned for Africa, but the continental nation wreckers were determined to reduce Africa to beggars status, where the richest continent of earth begs the poorest for financial help, talk about BACKWARD EVER AND FORWARD? HELL NO!

PS, Please mr. multi moniker, I don't have time to entertain lunatics.
Kwabena Atta 11 years ago

Mr.Agbolosso,where do you come from? Togo or Benin?Nkrumah's government was the best ever(bar-PDA)

Mr.Agbolosso,where do you come from? Togo or Benin?Nkrumah's government was the best ever(bar-PDA)

Kwatso 11 years ago

Kwabena Attah, please may I asked how old you are? Not until I know your age I wouldn't know whether you are naive or gullible. Nkrumah was the only prime minister who had funds at his disposal and what did he and his CPP cr ...
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Kwabena Attah, please may I asked how old you are? Not until I know your age I wouldn't know whether you are naive or gullible. Nkrumah was the only prime minister who had funds at his disposal and what did he and his CPP cronies do with those funds while he Nkrumah was feeding his ambition by bribing other African Countries with our inheritance to elect him as the president of Africa on the D-day of United Africa, his CPP cronies were just looting our inheritance back and forward left and right. People were cueing just to get basic provisions to buy. Kwabena Attah have ever heard the saying tighten your belt and pull hard? All the 57 years of independence the woes of Ghana was caused by Nkrumah and his CPP the one party state government. I'll say Nkrumah's government was the worse government Ghana had 'cos he was the only prime minister who had funds in his disposal. During our time we were reading current affairs not history that has been turned upside down.
Kwatso 11 years ago

Kwabena Attah you ever heard

Kwabena Attah you ever heard
BARIMA 11 years ago

I truely second you on this my brother. Well said.

I truely second you on this my brother. Well said.
Kwadwo 11 years ago

Is he an economist now? This fork tongue Pratt is nothing but a demagogue. Give him a microphone and he will tell a surgeon how to operate on a patient. He knows everything and defends what suits his interest. He is a dangero ...
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Is he an economist now? This fork tongue Pratt is nothing but a demagogue. Give him a microphone and he will tell a surgeon how to operate on a patient. He knows everything and defends what suits his interest. He is a dangerous guy.
mugu1 11 years ago

SARPONG your attention is too focus on reading,writing and speaking the fake english language,you lack intennal focus,
begin with just looking the world around you not through the elian educational cultures

SARPONG your attention is too focus on reading,writing and speaking the fake english language,you lack intennal focus,
begin with just looking the world around you not through the elian educational cultures
mugu1 11 years ago

Ghanaians are NOT fools,the political FORCE is too great to be control no politicians or nations surviving these forces exept the multinationals who rule the politicians.
remember,before the world war'2 state controls multin ...
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Ghanaians are NOT fools,the political FORCE is too great to be control no politicians or nations surviving these forces exept the multinationals who rule the politicians.
remember,before the world war'2 state controls multinationals after the world war'2 multinationals controls the state.what ghana is going through is common to all nations,so you wouldn't imply any person under the is fool
DDKT 11 years ago

this brainless tribalistic parties will destroy this country. they will make us the laughing stock of africa. ghanaians better wise up nd put behind them tribalistic sentiments nd political loyalism

this brainless tribalistic parties will destroy this country. they will make us the laughing stock of africa. ghanaians better wise up nd put behind them tribalistic sentiments nd political loyalism
KANAWU 11 years ago

This Rawlings guy cannot open his mouth ones without accusing former President Kuffour of something. Mr. Rawlings, remember that you did not and have not built a PARADISE called Ghana and Mr. Kuffour destroyed it. Leave the m ...
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This Rawlings guy cannot open his mouth ones without accusing former President Kuffour of something. Mr. Rawlings, remember that you did not and have not built a PARADISE called Ghana and Mr. Kuffour destroyed it. Leave the man alone to his peace of mind to excute all the international responsibilities assigned to him. The world has seen the great things that kuffour can do for the world community. After 30 years in power in Ghana the world community has not found good in you. In fact is you have no philosophy nor ideology. As a matter of fact you understand any of these. This a man who is so stupid that he sent people to seek advice and recommendations from Mengistu of Ethiopia- another moron. Anything that comes out of Rawlings mouth senseless, meaningless, and unintelligent, incoherent, and, filthty. I don't know if he understands the speechings he makes.
Ben 11 years ago

Can Rawlings account for the GHC 50 denominations he and he PNDC seized from Ghanaians?

Can Rawlings account for the GHC 50 denominations he and he PNDC seized from Ghanaians?
JOHN 11 years ago

Rawlings cannot even account for the hefty fines many businesses men paid at the peoples tribunal. He refused invitations by Limann to account for those monies.

Rawlings cannot even account for the hefty fines many businesses men paid at the peoples tribunal. He refused invitations by Limann to account for those monies.
AHMED YACOB 11 years ago

Pratt are u an economist?????

Pratt are u an economist?????
KONTONKYI 11 years ago

Mr Pratt stop this village economics .Every economist of merit knows that prices will calibrate to equilibrium to balance out on the demand supply curve in this case on the redenomination. Kuffour was great

Mr Pratt stop this village economics .Every economist of merit knows that prices will calibrate to equilibrium to balance out on the demand supply curve in this case on the redenomination. Kuffour was great
Kwame Dokyi 11 years ago

So, was it necessary?

So, was it necessary?
Kofi - USA 11 years ago

WHAT DO YOU EXPECT FROM KWESI PRATT...MR. KNOW IT ALL. THERE IS NO SUBJECT UNDER THE SUN THAT HE DOES NOT KNOW. HE IS AN EMPTY BARREL AND MAKES A LOT OF NOISE.

WHAT DO YOU EXPECT FROM KWESI PRATT...MR. KNOW IT ALL. THERE IS NO SUBJECT UNDER THE SUN THAT HE DOES NOT KNOW. HE IS AN EMPTY BARREL AND MAKES A LOT OF NOISE.
Asor 11 years ago

Wasn't it after the redenomination that we were told the Ghanaian economy was the fastest growing in the world. If the economy could become the fastest growing in the whole world even after the cedi redenomination, how did th ...
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Wasn't it after the redenomination that we were told the Ghanaian economy was the fastest growing in the world. If the economy could become the fastest growing in the whole world even after the cedi redenomination, how did the economic growth reverse so suddenly? I pity people who come out to discuss what Rawlings says as if Rawlings has any commonsense in his head.
Serita 11 years ago

Mr Pratt,great mind with great thoughts.I applaud you for that.It is about time,together as one nation with one destiny,we stopped playing politics with our economy.The reason being,if the ship sink we all go down with it.Gre ...
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Mr Pratt,great mind with great thoughts.I applaud you for that.It is about time,together as one nation with one destiny,we stopped playing politics with our economy.The reason being,if the ship sink we all go down with it.Great piece,wonderful job done.
crap mentality 11 years ago

Since when did Pratt realise we don'thave to politicise the economy?. Since he got an appointment for himself and his siblings at Flagstaff House .That's when!!!

Since when did Pratt realise we don'thave to politicise the economy?. Since he got an appointment for himself and his siblings at Flagstaff House .That's when!!!
NANA O MOTHER 11 years ago

Wonderful job done in your,pocket ,your light bill ,water and flood in Accra. Idiot think about the way NDC spend money during 2012 election.

Wonderful job done in your,pocket ,your light bill ,water and flood in Accra. Idiot think about the way NDC spend money during 2012 election.
Captein 11 years ago

You the Koreans are fools they told me they do not want to take out the zeros and I can explain why but it will take one to write a book.Rawlings is right, Pratt is even mor right. Dr Bawumia, Kufuor, Nana Addo and the NPP we ...
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You the Koreans are fools they told me they do not want to take out the zeros and I can explain why but it will take one to write a book.Rawlings is right, Pratt is even mor right. Dr Bawumia, Kufuor, Nana Addo and the NPP were extremely WRONG.
Ghana 11 years ago

Illiterate fool, South Korea thousand not ten thousand.

Illiterate fool, South Korea thousand not ten thousand.
Kanawu 11 years ago

DO YOU WANT TO CARRY THE CEDI WITH A PORTOMANTEAU BOX? IT'S STUPID. WE NEED TO STOP CALLING GHS 100.00 one million cedis. This is simple maths. Cut off the 4 zeros guys. Change your mentality.

DO YOU WANT TO CARRY THE CEDI WITH A PORTOMANTEAU BOX? IT'S STUPID. WE NEED TO STOP CALLING GHS 100.00 one million cedis. This is simple maths. Cut off the 4 zeros guys. Change your mentality.
STEVE WILLIAMS 11 years ago

Yes I want to carry cedis in black polythene bags if I could buy a ball of KENKEY @ 200 old Ghana cedis then. How much is a ball of KENKEY now? 50 pesewas equivalent to 5,000 old cedis! i.e 25 times!

Yes I want to carry cedis in black polythene bags if I could buy a ball of KENKEY @ 200 old Ghana cedis then. How much is a ball of KENKEY now? 50 pesewas equivalent to 5,000 old cedis! i.e 25 times!
kwabena Danso,New-Gbawe,Accra 11 years ago

It´s true,the observation or JJ.
the redomination of the cedi has initiated the difficulties we are facing now PERIOD

It´s true,the observation or JJ.
the redomination of the cedi has initiated the difficulties we are facing now PERIOD
Yaw 11 years ago

Illiterate! Do you need to count millions of cedis to pay for a shirt?

Illiterate! Do you need to count millions of cedis to pay for a shirt?
albi 11 years ago

I don't know why people don't admit what JJ said thats the truth...people fear to say that n is a shame.Who ever talk against NPP is in trouble either you are one of them or not.To much indiscipline in the party.....

I don't know why people don't admit what JJ said thats the truth...people fear to say that n is a shame.Who ever talk against NPP is in trouble either you are one of them or not.To much indiscipline in the party.....
kwabena Danso,New-Gbawe,Accra 11 years ago

Did i insult u

Did i insult u
CARDINAL 11 years ago

No you did not but don't make uninformed comments that calls for your education and intelligence into question.

No you did not but don't make uninformed comments that calls for your education and intelligence into question.
Nana Appiah 11 years ago

Hey Sarpong Stop Using Words like Education and Intelligence in this forum..You are One of the most illiterate fools that come out here to toot your Own horns..You Oburoni Wawu and Accident Cars exporter who was a graduate fr ...
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Hey Sarpong Stop Using Words like Education and Intelligence in this forum..You are One of the most illiterate fools that come out here to toot your Own horns..You Oburoni Wawu and Accident Cars exporter who was a graduate from Cocoase Vocational Institute would come to this forum and talk about Education and Intelligence By whose Standard are you measuring yourself and Others?? DELUSIONAL APONKYE
SM4LYF 11 years ago

ONLY FOOLS SUPPORT NDC

ONLY FOOLS SUPPORT NDC
tijani 11 years ago

pratt you are confused idiot, it appears you have insight in any issue, from economy, religion, crime, and even sex,,,,,fool impotent gay

pratt you are confused idiot, it appears you have insight in any issue, from economy, religion, crime, and even sex,,,,,fool impotent gay
Joe Turkey 11 years ago

What percentage, in shares, does the mouthy Pratt own in Ghanaweb. Do we have to wake up every morning to read stupid talk from Pratt? Both Rawlings and Pratt are fools. The cedi had pesewas. But when an orange was selling fo ...
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What percentage, in shares, does the mouthy Pratt own in Ghanaweb. Do we have to wake up every morning to read stupid talk from Pratt? Both Rawlings and Pratt are fools. The cedi had pesewas. But when an orange was selling for 5,000 cedis and an egg was celling for the same amount, the pesewas was long killed before Kufuor and his NPP came to power. The fall of the cedi - and Ghana's economy - started with Kwesi Botchway's devaluation of the cedi by nearly 700 percent in 1984. Second, the dolling out of Ghana's resources was never done by Kufuor. Jerry Rawlings and his PNDC sold Ashanti Goldfields long before Kufuor came to power. In fact, it is the same privatization that made people like Jerry Rawlings, Konadu Agyemang and PV Obeng and the socialist Tsatsu Tikata ultra rich.
Milionnaire 11 years ago

How can Pratt agree and disagree with Rawlings at the same time. This kind of waffling is dangerous and senseless. Hey Pratt, if you can't make up your mind as a man and want to have it both ways you can do all of us a favour ...
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How can Pratt agree and disagree with Rawlings at the same time. This kind of waffling is dangerous and senseless. Hey Pratt, if you can't make up your mind as a man and want to have it both ways you can do all of us a favour by just shutting up!
K Asante Connecticut 11 years ago

Mr Rawlings remove the peck in your eyes before you remove someone esle's peck. what did you do with the old 50 cedis you collected when you came to power in 1979? if you can tell ghanaians what you did to it, i believe Kuff ...
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Mr Rawlings remove the peck in your eyes before you remove someone esle's peck. what did you do with the old 50 cedis you collected when you came to power in 1979? if you can tell ghanaians what you did to it, i believe Kuffour will do the same. selfish man Rawlings.
O.B Obiba 11 years ago

This guys is just plainly an asshole. His communist ideology has long been proven to be non effective. If we have such people as leading commentators, how will Ghana progress? Its about time we shut these twats up.

This guys is just plainly an asshole. His communist ideology has long been proven to be non effective. If we have such people as leading commentators, how will Ghana progress? Its about time we shut these twats up.
NPP DON'T ALLOW NHIS CARD 11 years ago

You know our problem is the huge sum of money you stupid journalists help mahama to use for the 2012 elections and Suba , gyeeda, isofoton etc. pratt why did you fail to mention any of the above. You are a hypocrite and trait ...
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You know our problem is the huge sum of money you stupid journalists help mahama to use for the 2012 elections and Suba , gyeeda, isofoton etc. pratt why did you fail to mention any of the above. You are a hypocrite and traitor. You are a liar
mr amin 11 years ago

anyone who dees the redomination of the cadi as a set back is an illetrate in economy. u have to achieve a certain standard in yr economy before u can remove zeros on yr currency. between 2004 to 2006 the cedi depreciated on ...
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anyone who dees the redomination of the cadi as a set back is an illetrate in economy. u have to achieve a certain standard in yr economy before u can remove zeros on yr currency. between 2004 to 2006 the cedi depreciated on 3% that pave way for the redenomination which was the best thing to happen to this country. JJ n NDC are deceiving ghanians we hould vote them out.
FUNNY 11 years ago

KWASI PRATT, I NEVER KNEW THAT U WERE SOOOOOOO STUPIIIIIIIID, VERY VERY STUPIIIIIIIIID EXTREMELY WELL......HOW CAN U THINK LIKE THIS KWASI PRATT.....NO WONDER GHANA IS STILL SUFFERING NEEDLESS POVERTY....WE HAVE SUCH FOOLISH ...
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KWASI PRATT, I NEVER KNEW THAT U WERE SOOOOOOO STUPIIIIIIIID, VERY VERY STUPIIIIIIIIID EXTREMELY WELL......HOW CAN U THINK LIKE THIS KWASI PRATT.....NO WONDER GHANA IS STILL SUFFERING NEEDLESS POVERTY....WE HAVE SUCH FOOLISH BRAINS ADVISING GOVT ON ISSUES......HOW CAN THE CURRENCY CHANGE AFFECT THE ECONOMY KWASI PRATT.......U ARE REALLY SHOCKING ME, U ARE REALLY MORONIC KWASI PRATT....JJ WE ALL KNOW CUDNT EVEN PASS HIS OLEVEL EXAMS AFTER SEVERAL ATTEMPTS BUT KWASI PRATT IT SEEMS U WERE BORN STUPIIIIIIID
PRINCE KWASI ADADE 11 years ago

GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTA ...
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GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTABLE. NDC HAS OVER THE PAST 5 YEARS PRESIDED OVER THE BIGGEST RESOURCES IN OUR HISTORY INCLUDING CRUDE OIL & STEALTH TAXES. THEY HAVE ALSO CONTRACTED THE BIGGEST LOANS IN OUR HISTORY. IF THEY HAVE NOTHING TO SHOW FOR THIS AND THE ECONOMY IS IN SHAMBLES, THEN,THEY MUST BE PROSECUTED. THEY MUST GIVE THE MONEYS BACK TO THE TREASURY. WE DO NOT NEED ANY ECONOMIC FORUM. SET UP A COURT IMMEDIATELY. IT HAPPENED IN THAILAND RECENTLY, PRIME MINISTER YINGLUCK SHINAWATRA WAS REMOVED BY THE CONSTITUTIONAL COURT FOR ABUSING POWER. LOOK AT GHANA, EMBRAER PLANE SCANDAL, STX KOREA, SUBAH, GYEEDA, WOYOMI, ISOFOTON, WATERVILLE, AFRICA AUTOMOBILE, CP, SADA, FORTIZ/MERCHANT BANK, AKONFEM AND A HOST OF OTHER DODGY JUDGEMENT DEBT PAYMENTS. BUYING VOTES WITH CASH, LAND CRUISERS & LAPTOPS JUST TO WIN ELECTIONS. WHY NDC?????? WHY??? OUR SUPREME COURT COULD NOT HELP BUT DESCRIBED IT AS "ALLIANCE TO CREATE, LOOT AND SHARE" WHAT A SHAME? ?? AND YOU CALLING GHANAIANS TO A WASTEFUL ECONOMIC FORUM. NDC, THE MONEY IS WITH YOU, GIVE IT BACK TO GHANA. NPP, I SALUTE YOUR COURAGE FOR NOT ATTENDING. NPP REMAIN SMART AND VIGILANT!!!!!!
Dr. Appocco 11 years ago

Nonsense! Pratt and Rawlings must explain how the renomination negatively affected the economy? Do they understand the difference between real values and nominal values in economics?

Nonsense! Pratt and Rawlings must explain how the renomination negatively affected the economy? Do they understand the difference between real values and nominal values in economics?
Baby UK 11 years ago

He should shut up before I voice out his other side

He should shut up before I voice out his other side
Tokyo 11 years ago

Rawlings is an idiot. A very big idiot !!

Rawlings is an idiot. A very big idiot !!
AGBEVE.... 11 years ago

50CEDIS NOTES seized

50CEDIS NOTES seized
Nana 11 years ago

RAWLINGS BELONGS TO ANKAFUL

RAWLINGS BELONGS TO ANKAFUL
ck yeboah 11 years ago

this guy Pratt is not from Ghana because he never think good for Ghana.

this guy Pratt is not from Ghana because he never think good for Ghana.
OBOATANTO 11 years ago

NONSENSE, SENSELESS JATO. TIWEE, JATO IS JUST DAFT. GO BACK TO SCHOOL. IT IS THE FAULT OF NDC ILLITERATES IN POWER. YOU HAVE NO CLUE ABOUT MANAGEMENT OF AN ECONOMY. YOUR PARTY NEEDS ECONOMIC DELIVERANCE. LET NPP TAKE OVER TOD ...
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NONSENSE, SENSELESS JATO. TIWEE, JATO IS JUST DAFT. GO BACK TO SCHOOL. IT IS THE FAULT OF NDC ILLITERATES IN POWER. YOU HAVE NO CLUE ABOUT MANAGEMENT OF AN ECONOMY. YOUR PARTY NEEDS ECONOMIC DELIVERANCE. LET NPP TAKE OVER TODAY AND SEE THE CHANGES TOMORROW.
GET REAL 11 years ago

JJ WILL BLAME AKANS FOR EVERYTHING BUT HE FORGETS THAT AKANS ARE PLAIN-PLAIN AND WILL NOT SIT DOWN FOR STUPID WOYOME TO TEAM UP WITH BETTYMOULD AND BARTON ODRO TO DUPE A POOR COUNTRY LIKE GHANA WITHOUT COMMENTING AND CONDEMNI ...
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JJ WILL BLAME AKANS FOR EVERYTHING BUT HE FORGETS THAT AKANS ARE PLAIN-PLAIN AND WILL NOT SIT DOWN FOR STUPID WOYOME TO TEAM UP WITH BETTYMOULD AND BARTON ODRO TO DUPE A POOR COUNTRY LIKE GHANA WITHOUT COMMENTING AND CONDEMNING....WOYOME DID IT AND HIS CHIEFS CAME ALL THE WAY FROM VOLTA REGION TO ACCRA TO SHOW THEIR SUPPORT....SOOOOO JJ AND KWASI PRATT, THE PROBLEMS WITH UR POVERTY IN FANTI, NORTH AND VOLTA IS THAT UR PEOPLE FACILITATE CORRUPTION AND FEAR TO CONDEMN IT,,,,,,,SO WE WILL FOREVER REMAIN POOR.
TEE 11 years ago

HE THINKS HE IS FREE FROM JUSTICE AND TRAILS SO HE OPEN HIS MOUTH LIKE SNAKE AND VOMIT HOW HE WANTS BASTARD MURDERER KILLER TOGOLESE SON OF A PROSTITUTE BITCH

HE THINKS HE IS FREE FROM JUSTICE AND TRAILS SO HE OPEN HIS MOUTH LIKE SNAKE AND VOMIT HOW HE WANTS BASTARD MURDERER KILLER TOGOLESE SON OF A PROSTITUTE BITCH
TEE 11 years ago

RAWLINGS WILL FACE ICC BCOS IN GHANA OUR JUDICIAL IS CORRUPTS PERIOD

RAWLINGS WILL FACE ICC BCOS IN GHANA OUR JUDICIAL IS CORRUPTS PERIOD
Yaw Yaw 11 years ago

The No.1 Hypocrite of the century-prat

The No.1 Hypocrite of the century-prat
NPP supporter & Cambridge Economist 11 years ago

There is a problem with Ghanaians - it is telling the truth. If Ghanaian's brother is a drug dealer he/she will tell friends he is a businessman until one day when he is caught. I am an Economist and NPP supporter but I will ...
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There is a problem with Ghanaians - it is telling the truth. If Ghanaian's brother is a drug dealer he/she will tell friends he is a businessman until one day when he is caught. I am an Economist and NPP supporter but I will call a spade a spade. By taking 0000 from the cedis was the start of a bomb waiting to blow. Suddenly 10000 became 1. Who were they economists and bankers who advise Kufour. Please not Osafo Marfo the so called engineer turn banker. Trust me non-degree holder, my old friend Jerry John Rawlings could have done better.
pious pious 11 years ago

This man what is wrong with him?. I respect him alot but i feel ashame anytime he attacks fmr pres. K4. I disagree with him dat kufour is de cause of de currnt ecnomic hardship.So mr Rawling reserve and protect ur respect.

This man what is wrong with him?. I respect him alot but i feel ashame anytime he attacks fmr pres. K4. I disagree with him dat kufour is de cause of de currnt ecnomic hardship.So mr Rawling reserve and protect ur respect.
Foxnews 11 years ago

Confused country,what mr.pratt is saying is true.We have gold,diamond,crude oil and so on but when it comes to reality we Ghanaians don't own them.How can Ghana develop when we just have 10-12% of everything we dig or drill f ...
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Confused country,what mr.pratt is saying is true.We have gold,diamond,crude oil and so on but when it comes to reality we Ghanaians don't own them.How can Ghana develop when we just have 10-12% of everything we dig or drill from the country.Its a big debate we should focus on and not that redenomination shit.It was just some fucking zeros(000) that we didn't need it anyway on our then rubbish cedi.
Captein 11 years ago

Yes but Korea produces everything mobile phones TV fridges cars and their won is cheaper than the cedi because of redenomination.

Yes but Korea produces everything mobile phones TV fridges cars and their won is cheaper than the cedi because of redenomination.
Kwame-Dublin 11 years ago

pratt you are wrong -- please stop following mental retarded rawlings after 20 years of nothing to show --kuffour took us in to a middle income status and today you tell us that the redomination is the cause of our problem?wh ...
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pratt you are wrong -- please stop following mental retarded rawlings after 20 years of nothing to show --kuffour took us in to a middle income status and today you tell us that the redomination is the cause of our problem?when the ndc has run a deficit of over 12%-- please mr pratt and rawlings stop throwing dust into the public eye -because ghanaians know better and know for a fact that the ndc rigged the election or else they should not be in power now-- meanwhile I am sure this is the last time rawlings is going to speak because posterity will judge him.
charles, Dubai 11 years ago

Mt Baako, anyway Mr Rawlings is right. And I did agreed with u about pres Kufour of this statement " psychological damage that was done to the people of Ghana and the future generation by labeling public schools ‘Hipic Bene ...
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Mt Baako, anyway Mr Rawlings is right. And I did agreed with u about pres Kufour of this statement " psychological damage that was done to the people of Ghana and the future generation by labeling public schools ‘Hipic Benefits’ is there for all to see. But we ought to be careful about this unnecessary politicization,” he bemoaned. " in fact that is true. My Area there was a school which painting was faded, to my surprised one day I saw it painted new and there was signboard beside it written HIPIC benefit. It was like we Ghanaians was fools. So this economic problems that we r facing now is K4 government fault, they did not built the foundation well, and the one that Mr Rawlings built they come n destroyed. Now, bcoz of power they go about lie to Ghanaians that Pres Mahama course that, do they think Ghanaians r stupid? God help Ghana
Captein 11 years ago

You think the Koreans are fools they told me they do not want to take out the zeros and I can explain why but it will take one to write a book.Rawlings is right, Pratt is even mor right. Dr Bawumia, Kufuor, Nana Addo and the ...
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You think the Koreans are fools they told me they do not want to take out the zeros and I can explain why but it will take one to write a book.Rawlings is right, Pratt is even mor right. Dr Bawumia, Kufuor, Nana Addo and the NPP were extremely WRONG.
Ghana 11 years ago

You are talking of thousand to one not ten thousand to one, that is the difference, you dummy.

You are talking of thousand to one not ten thousand to one, that is the difference, you dummy.
Concerned 11 years ago

How does keeping the zeros help the economy. It will be very interesting to hear your explanation. I however suspect it's going to be one of those ndc type logic

How does keeping the zeros help the economy. It will be very interesting to hear your explanation. I however suspect it's going to be one of those ndc type logic
Concerned 11 years ago

How does keeping the zeros help the economy. It will be very interesting to hear your explanation. I however suspect it's going to be one of those ndc type logic

How does keeping the zeros help the economy. It will be very interesting to hear your explanation. I however suspect it's going to be one of those ndc type logic
Nii Nmai 11 years ago

Mr. Pratt I disagree with and President Rawlings.
If what you are saying is true why didn't this free fall of the economy happen during President Kuffuor's term but rather had a stable economy till the N.D.C came into power? ...
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Mr. Pratt I disagree with and President Rawlings.
If what you are saying is true why didn't this free fall of the economy happen during President Kuffuor's term but rather had a stable economy till the N.D.C came into power?
Why is President Rawlings not shouting at the top of his voice against the mismanagement of the economy by President Mahama and his cronies? He was calling the late President Atta-Mills all kinds of names why is that he has suddenly gone blind to the things happening now under Pres. Mahama.
The outright disregard for law and order, day light robbery by this crop of N.D.C. officials in government is not seen by President Rawlings but rather keeps criticizing everybody except himself.
He President Rawlings had the audacity to ask what did the N.P.P. govt do with the money that was faced out. When he Pres. Rawlings was asked about account number 47 he said whoever wants to know where the money is should come with him to the deity'antoa nyama' till date the Ghanaian public does not know what happened to all the monies collected during both times he forced himself on Ghanaians but rather he keeps criticizing. No wonder Odartey Wellington called him a con man.
Does Pres. Rawlings know that the action that he and his band junior officers took in '79 and '81 is the genesis of our current economic situation. Those actions did hound capital out of the country stopped others from bringing in any capital.
He Pres. Rawlings does not measure up to the standard he did set up for others.
They came shouting accountability but they rain insults on others who call them to account for their stewardship. Please.
OKYEAME 11 years ago

Can Rawlings tell the whole Ghanaian community the rational behind the 5 cedis he collected during the 31st revolution. He is trying to justify himself as an infallible person. His hands are full on blood.

Can Rawlings tell the whole Ghanaian community the rational behind the 5 cedis he collected during the 31st revolution. He is trying to justify himself as an infallible person. His hands are full on blood.
Seth Yaw Duku 11 years ago

I am sorry to read some baseless criticisms of the redenomination especially from someone who should have known better Kwasi Pratt. I wonder whether the economic grounds on which the strength of a nation's currency as against ...
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I am sorry to read some baseless criticisms of the redenomination especially from someone who should have known better Kwasi Pratt. I wonder whether the economic grounds on which the strength of a nation's currency as against other currencies (the exchange rate) are based and how to appreciate the cedi. Rawlings we all know is dumb and Kwasi Pratt dumber. These two ignoble and peasant economic analyst need to be re-educated but for now must shut.
truth 11 years ago

You Ghanaians to demonstrate for you?

You Ghanaians to demonstrate for you?
Zip-Up 11 years ago

Here Is A Case ConcerningThe State Of Of Our National Economic, And Some Hard Economic Question Are Being Asked, Like Pro Cons Of Valuation And Devaluation Whereby The Nation Need True Nationalist Patriotic International Ren ...
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Here Is A Case ConcerningThe State Of Of Our National Economic, And Some Hard Economic Question Are Being Asked, Like Pro Cons Of Valuation And Devaluation Whereby The Nation Need True Nationalist Patriotic International Renouned Economist Who Can At A Word Tell The All The People Of This Country How The World Market Economic Works And How Locally Self Valuation Of Our Cedi Can Affect Our Businesses Both Domestic And Abroad, In Such Time Of Need Where Are These Broad Minded Economists Where Are They Hiding Or The At Moment The Country Is Brain Drained?
Kwame Twi 11 years ago

folks, Ghana as a country, is not productive in all areas of the country economy. The country is not producing any thing for sale in international market exception of raw beans and other minerals. The spine of the economy rel ...
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folks, Ghana as a country, is not productive in all areas of the country economy. The country is not producing any thing for sale in international market exception of raw beans and other minerals. The spine of the economy rely on the commodities without going through refinery. The govt is not generating revenue enough for meet all socio-economic activities in the country. Ghana has long to walk and the people must embrace themselves for that.
GYIREMEKUKU 11 years ago

MR RAWLINGS WHAT ABOUT THE 50 CEDIS YOU TOOK FROM GHANAIANS WHEN YOU CAME ON POWER SOMEBODY NEED TO ADVICE THE MAN I MEAN THOSE CLOSE TO HIM TO KEEP QUITE WHO ARE YOU JJR,LET US BLAME BOAKYE GYAN

MR RAWLINGS WHAT ABOUT THE 50 CEDIS YOU TOOK FROM GHANAIANS WHEN YOU CAME ON POWER SOMEBODY NEED TO ADVICE THE MAN I MEAN THOSE CLOSE TO HIM TO KEEP QUITE WHO ARE YOU JJR,LET US BLAME BOAKYE GYAN
AYANYA 11 years ago

Kwasi Pratt keeps on changing his mind and mouth, yesterday it was good and today bad all depending on his stomach.This guy is no.1 enemy of ghana and I don't know what legacy he is going to leave for his kids and grandkids, ...
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Kwasi Pratt keeps on changing his mind and mouth, yesterday it was good and today bad all depending on his stomach.This guy is no.1 enemy of ghana and I don't know what legacy he is going to leave for his kids and grandkids, I pity his family since the man is too controversial and kantancross. The moment he gets something in his mouth he changes the tune of his music.There are so many people in ghana with mental problems we may not know and what comes out of their mouth tell you clearly the person is sick but in ghana we take it as normal.I'm not sure if there are counsellors in ghana bcos most people need to see them for therapy or go to rehab if there is one.
Animal Farm 11 years ago

Rawlings is a very good lawyer for his own mistakes , but a very good judge for the mistakes of others.

Rawlings is a very good lawyer for his own mistakes , but a very good judge for the mistakes of others.
GET REAL 11 years ago

as far as the economy is concerned this kwasi pratt man is a total dimwit so why is he also contributing to the topic.....and his agreement with rawlings puts him on the same scale as senior dimwit jj rawlings, both are reall ...
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as far as the economy is concerned this kwasi pratt man is a total dimwit so why is he also contributing to the topic.....and his agreement with rawlings puts him on the same scale as senior dimwit jj rawlings, both are really moronic in economics and govnce issues..
Alhaji Pope 11 years ago

The good professor Mills did not investigate Ex president Kuffour. simply because, professor Mills. knew you Rawlings stole more from state coffers than Kuffour.

The good professor Mills did not investigate Ex president Kuffour. simply because, professor Mills. knew you Rawlings stole more from state coffers than Kuffour.
TT 11 years ago

Rawlings Where is the jato 10 cedi notes you confiscated during your regime?

Rawlings Where is the jato 10 cedi notes you confiscated during your regime?
Justman 11 years ago

RAWLINGS GAVE ONE EXAMPLE WHICH IS THE REDENOMINATION.KWESI PRATT FAILED TO UNDERSTAND RAWLINGS.HE SHOULD ASK RAWLINGS TO NAME THE REST BEFORE COMMENTING.

RAWLINGS GAVE ONE EXAMPLE WHICH IS THE REDENOMINATION.KWESI PRATT FAILED TO UNDERSTAND RAWLINGS.HE SHOULD ASK RAWLINGS TO NAME THE REST BEFORE COMMENTING.
Kwame Twi 11 years ago

Thank you Mr Pratt, you are damn right on the point you'v raised. The country is not benefiting from the extract of minerals from the ground due to bad policies of previous govt. The govt is not generating revenue from the mi ...
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Thank you Mr Pratt, you are damn right on the point you'v raised. The country is not benefiting from the extract of minerals from the ground due to bad policies of previous govt. The govt is not generating revenue from the minerals extract and among other things, the govt has to borrow money pay govt official cos of doggy deals cast on the country. We need thank Atta Mills who attempted stamped out all corrupt traps set up JAK govt.

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Rawlings was right on cedi redenomination but... -Pratt

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