Ghana's external debt now $12b

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Linda 11 years ago

Hmm, so much loans & debts & nothing to show for it.

Hmm, so much loans & debts & nothing to show for it.
KANAWU 11 years ago

SANITARY PADS? NKOMFEM? TOOTHPICKS? WHAT DID THEY SPEND THE MONEY ON? FOR THE LOVE OF GHANA, PLEASE RESIGN.

SANITARY PADS? NKOMFEM? TOOTHPICKS? WHAT DID THEY SPEND THE MONEY ON? FOR THE LOVE OF GHANA, PLEASE RESIGN.
THE CHOSEN ONE 11 years ago

THESE KOKOASI NKURASIFO, GIVE THEM TEN YEARS AHEAD FOR DELIBERATION. THEY WILL END UP SAYING ITS NOT ENOUGH.
YE NIM WON EFIRI TITI. ANYTHING FOR THE GOOD OF THE COUNTRY IS NOT GOOD TO THEM.
THEY WERE TESTED AND WE ALL SAW ...
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THESE KOKOASI NKURASIFO, GIVE THEM TEN YEARS AHEAD FOR DELIBERATION. THEY WILL END UP SAYING ITS NOT ENOUGH.
YE NIM WON EFIRI TITI. ANYTHING FOR THE GOOD OF THE COUNTRY IS NOT GOOD TO THEM.
THEY WERE TESTED AND WE ALL SAW THE RESULT.
Naija boy 11 years ago

Just meet dangote and beg him maybe and just maybe he would help lol

Just meet dangote and beg him maybe and just maybe he would help lol
Georgee 11 years ago

We are chasing Nigeria after they had Oil. It is sad.

We are chasing Nigeria after they had Oil. It is sad.
DZIGAMAN 11 years ago

It is not about how much a country owes but about whether they are able to service or manage that debt.The question is ,are we using that money to improve the lives of our people or is it going into the pockets of individuals ...
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It is not about how much a country owes but about whether they are able to service or manage that debt.The question is ,are we using that money to improve the lives of our people or is it going into the pockets of individuals who just deposit thier ill gotten wealth abroad ?
Most of the so called countries that we always go begging for money astonishing and incredible amounts.

USA - $17,400 BILLION
UK - $11,000 BILLION
GERMANY - $5,719 BILLION
FRANCE - $5,300 BILLION
GHANA - $12 BILLION

’There are many colourful flowers on the path of life, but the prettiest have the sharpest thorns’’
Oburoniwewu 11 years ago

Dzigaman you said it all. All those so called developed countries are built on dedts but the money they borrow is used wisely to develop and improve the lives of their people in general.
Africans borrow money not to improve ...
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Dzigaman you said it all. All those so called developed countries are built on dedts but the money they borrow is used wisely to develop and improve the lives of their people in general.
Africans borrow money not to improve the lives of their people or provide linkages for development but rather to fill the pockets of their families and friends who take the money and deposit it at the banks that provided the money in the first place.
If only African countries had the same vision as Kwame Nkrumah had, Africa will be a better place.
Nkrumah, despite his shortfalls, did in 10 years what others have been struggling to do in 40 years.
I am always filled with dread wondering what Ghana would have looked like had Nkrumah not built all the infracstructure. Ghana would have looked like a dump.
asembeba 11 years ago

ghanas external debt now 12b dollars

ghanas external debt now 12b dollars
EZEKIEL 11 years ago

Whiles you are EASILY contracting Loans AGAIN ,part of it for your CUTS, and the rest in buying buses, REMEMBER the SAME BUSES -BRAND in China don't run through POT-HOLED ROADS, are maintained REGULARLY and MANAGED properly!
...
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Whiles you are EASILY contracting Loans AGAIN ,part of it for your CUTS, and the rest in buying buses, REMEMBER the SAME BUSES -BRAND in China don't run through POT-HOLED ROADS, are maintained REGULARLY and MANAGED properly!
Ghana will order ALL THESE and after 3yrs, we start "cannibalising" the buses to repair each other !!!
Please, put also PART of the CONTRACT as SUPPLYING SPARE PARTS for the NEXT 15/20 yrs!!!
And WE NEED "BUS-WORTHY-ROADS" too !!!!!
Haile Mengistus Manasseh V11 11 years ago

Ignorant fools. Even the great economies of the world are in debt. The number one one the list is the " Mighty USA ". It is funny a comment that money is borrowed to buy sanitary pads. Those who pass such comments are the ver ...
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Ignorant fools. Even the great economies of the world are in debt. The number one one the list is the " Mighty USA ". It is funny a comment that money is borrowed to buy sanitary pads. Those who pass such comments are the very stupid fools who go chasing the young school girls who would be using the sanitary pads.

Expert 11 years ago

Ghana will soon not be able anymore to service its foreign debt, that's the problem. The freaking insane discussions are a second problem, but they reflect clearly why the economy is in trouble...

Ghana will soon not be able anymore to service its foreign debt, that's the problem. The freaking insane discussions are a second problem, but they reflect clearly why the economy is in trouble...
Sankofa 11 years ago

The Thatcherite principle of fiscal prudence says you borrow within your ability to repay.

So long as the loan is being invested in productive ventures of the economy, the expectation is that it will pay for itself when it ...
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The Thatcherite principle of fiscal prudence says you borrow within your ability to repay.

So long as the loan is being invested in productive ventures of the economy, the expectation is that it will pay for itself when it matures.

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Ghana's external debt now $12b

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