Akufo-Addo: IMF bailout sign of govt’s “failure”

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ARAB SPRINGS 11 years ago

WHAT ACHIEVEMENT CAN YOU BOAST OF APART FROM YOUR ALL DIE BE DIE MANTRA. ALWAYS CRITIZING, EVEN IF WIND BLOW IN GHANA...IT'S ALWAYS SOMEONE'S FAULTS FOR YOU TO ACHIEVE YOUR LONG TERM GOAL AS PREZ

WHAT ACHIEVEMENT CAN YOU BOAST OF APART FROM YOUR ALL DIE BE DIE MANTRA. ALWAYS CRITIZING, EVEN IF WIND BLOW IN GHANA...IT'S ALWAYS SOMEONE'S FAULTS FOR YOU TO ACHIEVE YOUR LONG TERM GOAL AS PREZ
BEDIAKO 11 years ago

OH GOD HELP NANA AKUFO EBOLA ADDO THE IS ALMOST DEAD. YOUR FRIEND CHAPPY IS PUNISHING YOU FOR FUCKING HIS WIVES NOT ONLY ONE BUT BOTH

OH GOD HELP NANA AKUFO EBOLA ADDO THE IS ALMOST DEAD. YOUR FRIEND CHAPPY IS PUNISHING YOU FOR FUCKING HIS WIVES NOT ONLY ONE BUT BOTH
Osei Bonsu 11 years ago

EVEN THE POOR IN GHANA CAN TELL YOU THAT YOU ARE FINISHED.
OBAMA SAID THIS RECENTLY TO YOU IN WASHINGTON DC IN YOUR FACE AND YOU DID NOT UNDERSTAND.

EVEN THE POOR IN GHANA CAN TELL YOU THAT YOU ARE FINISHED.
OBAMA SAID THIS RECENTLY TO YOU IN WASHINGTON DC IN YOUR FACE AND YOU DID NOT UNDERSTAND.
kill me 11 years ago

Oh this man look sick he is not health, oh my poor Nana , he look tired in the brain.

Oh this man look sick he is not health, oh my poor Nana , he look tired in the brain.
PRINCE KWASI ADADE (OFIE) 11 years ago

AUTHOR: MR. FIGURE OUT----------
It is only in Ghana would such a dishonorably idiot be on the government pay roll. Professor Mill should be solely blamed for imposing those criminals on us. After Mills found Betty Moulds gu ...
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AUTHOR: MR. FIGURE OUT----------
It is only in Ghana would such a dishonorably idiot be on the government pay roll. Professor Mill should be solely blamed for imposing those criminals on us. After Mills found Betty Moulds guilty of judgement debt payments the only thing he could do was to move her to the Education dept to continue her looting. Readers would recall that Betty Mounds was the one who awarded SCHOOL building contracts at a triple price of the existing contract sum of some GH 80,000.00. And this happened at a time when they claim inflation was in the single digits. Could you imargin how foolish these criminal liars were. Kuffour built similar structures with 80,000 at a time when inflation was around 14.8% and under Mills it was 240,000 at a rate of 8.8%. And these buffoons turn around to blame the fall of the cedi on some mysterious dwarfs. I don't blame those African countries that have been ripped apart by civil unrest because if you have such buffoons in power who always turn our local elections into a West Africa one
by contracting Togolese Trokosis, Burkinabe and Wangaras from La Cote D'ivoire to vote for them, the " Road To Kigare", is sometimes, a likely option to kick their ass from power.
Ali 11 years ago

Can someone please tell me what HIPIC/HIPC means

Can someone please tell me what HIPIC/HIPC means
SAMO JEWELLERY 11 years ago

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walid 11 years ago

NANA HAVE MORE SUPPORT TODAY THEN THE CLUELESS FAILURE MAHAMA THAT IS DESTROYING GHANA AND CUSING PAIN AND MISUREY TO ALL GHANA PEOPLE TODAY.
STOP THE LIES AND DENIAL GHANA NEED NANA NOW OR SOON WE ALL GOING TO STARVE TO DEA ...
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NANA HAVE MORE SUPPORT TODAY THEN THE CLUELESS FAILURE MAHAMA THAT IS DESTROYING GHANA AND CUSING PAIN AND MISUREY TO ALL GHANA PEOPLE TODAY.
STOP THE LIES AND DENIAL GHANA NEED NANA NOW OR SOON WE ALL GOING TO STARVE TO DEATH UNDER MAHAM VOODO ECONOMIC POLICYS
moyo 11 years ago

Nana Addo is surely not looking well and if he wants to build the NPP, he should encourage a younger person to take over the leadership. He can never win an election with this looks.

Nana Addo is surely not looking well and if he wants to build the NPP, he should encourage a younger person to take over the leadership. He can never win an election with this looks.
SGT ANANI FIADZOE 11 years ago

Is this Nana Addo's picture we are seeing? It is clear his soul has already departed. I remember when the late Prof was looking like this NDC was busy denying. They even forced the good old prof to jog on the tarmac to prove ...
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Is this Nana Addo's picture we are seeing? It is clear his soul has already departed. I remember when the late Prof was looking like this NDC was busy denying. They even forced the good old prof to jog on the tarmac to prove how fit he was. A few weeks later he was gone.

Nana collapsed in the North last WEEK and what did NPP do? They immediately announced that Nana had suspended his campaign because of the limited registration!

When people are fooling themselves they stupidly think they are fooling the public.

Nana, RIP.

SGT ANAI FIADZOE 11 years ago

Because you NDC criminals helped such a hopeless and senseless Mahama to murdered Atta Mills, do you think you criminals can kill Nana Akuffo Addo?

The answer is simple, check it out.

It is because of you monkey thieves ...
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Because you NDC criminals helped such a hopeless and senseless Mahama to murdered Atta Mills, do you think you criminals can kill Nana Akuffo Addo?

The answer is simple, check it out.

It is because of you monkey thieves,
today the nation Ghana, which was left
total economical healthy and stable by
President Kuffour and his NPP administration, go to Ghana and ask every civilized Ghanaian if they are comfortable with this NDC so-called politicians and their Government?

Going to IMF, Kwasea and you are happy and comfortable with it, because of your senseless and hopeless NDC Government led by such a brain impairment idiot Mahama, come 2016
you will see who will be given RIP slogan if Military will still seat down unconcern for these nation to be sank by these criminals and NDC incompetent fools.

The Almighty God will descend very heavily on you and your thievery family, the wages of sin is death so
said the scriptures. MONKEY who drinks its own urine.
SGT ANAI FIADZOE 11 years ago

You sound exactly like a mental handicap person you are such an animal with only human skin covering your skeleton, between the dynamic and selfless politician such as Nana Akuffo Addo and your brain impaired
idiot Dramani M ...
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You sound exactly like a mental handicap person you are such an animal with only human skin covering your skeleton, between the dynamic and selfless politician such as Nana Akuffo Addo and your brain impaired
idiot Dramani Mahama, who can be called a sick person?

Such a poorly economical position this idiot and senseless Dramani Mahama has plunged our nation into, where by every citizenry in our country are crying for a Savior, because of your thievery and corrupt activities by your so-called President Mahama do you find yourself comfortable with that?

When NDC so-called politicians as they
do not want to listen, hence today
our nation is now a hopeless state in
African continent both economically, politically, administratively and social justice, swine, are you comfortable with these activities going on in our country?

I had not want to waste my precious time on you stupid fool, but because of your senseless personality and your
brain impairment submission, I want to ask you this, "The way APONKYE Mahama and his NDC thieves has placed our nation, if it is NPP who are in Government, will you praise them and
clap for them that they have done well"? KWASEA LIKE YOU, if you are not
an arm robber you would not have
exposed your stupidity on this forum.

KWASEATO, TINTINTO, KWADONTO like you.
SGT ANANI FIADZOE 11 years ago

From the picture we are seeing here, Nana is no longer with us. His soul is long departed. Show the picture to a seer and he will tell you that from the way Nana is squeezing his face he must suffering badly in hell.

May G ...
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From the picture we are seeing here, Nana is no longer with us. His soul is long departed. Show the picture to a seer and he will tell you that from the way Nana is squeezing his face he must suffering badly in hell.

May God move him away from the hottest part of hell to somewhere not as hot.
John Mensah 11 years ago

I don't know why Nana can not stay away of the political arena and pray to God to heal him.If NPP make the mistake to bring him, then Ghana should be ready to spend almost 200 million Cedis to send him to Asomdwe Park in the ...
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I don't know why Nana can not stay away of the political arena and pray to God to heal him.If NPP make the mistake to bring him, then Ghana should be ready to spend almost 200 million Cedis to send him to Asomdwe Park in the next two years. That will not happen again. Nana is not well. Let's pray for him.
FUNNY THAT 11 years ago

This your media drum beat makes you as silly as the day you wrer born.The NDC does not give at toss about country or people, which is why the people are apathetic. See during the World Cup in Brazil,the German Chancelloe Ange ...
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This your media drum beat makes you as silly as the day you wrer born.The NDC does not give at toss about country or people, which is why the people are apathetic. See during the World Cup in Brazil,the German Chancelloe Angela Merkel turned up to encourage her boys, and that is dedicated loyalty, and total passion for country and people.This dump Ghana , will never have these precious values and oneness due to the NDC led administration.If you never suffer from boarderline personality disorder, you be bipolar and schizophrenic.Your NDC winning of the elections seems to you it constituted hope and triumph over good mind but as at now very sensible Ghanaians see the NDC rule arises from a toxic combination of naievty, ignorance and vanity. You are feeble in mind so join the chorus of the Ghanaian Toilet Cleaning Association.You are a miserable lot occupying space for nothing.
Nunkaawa 11 years ago

Akuffo-Addo and his master Kofour sold out important State asserts like Ghana Telecoms,Ghana Airways and Ashanti goldfields to pay workers. John Mahama is investing for the FUTURE. An example is the GAS project which is com ...
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Akuffo-Addo and his master Kofour sold out important State asserts like Ghana Telecoms,Ghana Airways and Ashanti goldfields to pay workers. John Mahama is investing for the FUTURE. An example is the GAS project which is coming on SOON!
Joe Dagarti 11 years ago

Mahama is clueless.

Mahama is clueless.
Aponkye 11 years ago

Ask the elders and they will tell you that knowing Nana, they can confirm that his soul is already with his maker. You can see the signs in his face. Only technology is keeping him 'alive', just like keeping a corpse in the m ...
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Ask the elders and they will tell you that knowing Nana, they can confirm that his soul is already with his maker. You can see the signs in his face. Only technology is keeping him 'alive', just like keeping a corpse in the morgue to prevent it from decomposing.
OSEI 11 years ago

IF ANY PATRIOTIC GHANAIAN DOES NOT KNOW THAT THE NDC GOVT. IS NOT CAPABLE OF RULING GHANA, THEN IT IS EITHER, THEY ARE INSANE OR I AM. OF ALL THAT IS HAPPENING IN GHANA, SOMETIMES I WONDER WHY PEOPLE STILL SUPPORT THE NDC AND ...
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IF ANY PATRIOTIC GHANAIAN DOES NOT KNOW THAT THE NDC GOVT. IS NOT CAPABLE OF RULING GHANA, THEN IT IS EITHER, THEY ARE INSANE OR I AM. OF ALL THAT IS HAPPENING IN GHANA, SOMETIMES I WONDER WHY PEOPLE STILL SUPPORT THE NDC AND CLAIM TO LOVE GHANA.
Ado 11 years ago

can only criticise without offering alternatives. Two years of criticisms. We are fed with you.

can only criticise without offering alternatives. Two years of criticisms. We are fed with you.

STONER KOBYLYNTON 11 years ago

What do you want Akufo-Addo to tell Mahama again when his inner circle economic gurus of Wampah, Fiifi Kwetey, Amisah-Arthur, Terkper and sharped teeth communication group had been decending on other people who dared to advis ...
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What do you want Akufo-Addo to tell Mahama again when his inner circle economic gurus of Wampah, Fiifi Kwetey, Amisah-Arthur, Terkper and sharped teeth communication group had been decending on other people who dared to advise about this ailed-economy?

Akufo-Addo's point is very clear - he said "the package must create and protect jobs, rather than stifle employment, as well as reduce the rising cost of living, reduce the cost of doing business within the private sector, and also help industrialise Ghana’s economy through structural transformation."
DAN 11 years ago

DID THEY LISTEN TO BAWUMIAH'S ALTERNATIVE SUGGESTIONS AND ADVICE. ALL YOU COULD DO IN RESPONSE IS Y3NTIE OBIARA WHAT DO U WANT FROM NANA?

WHAT HAS MAHAMA DONE WITH THE SENCHI ADVICE? SHIT ALL WITH THE HOME GROWN POLICIES; ...
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DID THEY LISTEN TO BAWUMIAH'S ALTERNATIVE SUGGESTIONS AND ADVICE. ALL YOU COULD DO IN RESPONSE IS Y3NTIE OBIARA WHAT DO U WANT FROM NANA?

WHAT HAS MAHAMA DONE WITH THE SENCHI ADVICE? SHIT ALL WITH THE HOME GROWN POLICIES; THEY ARE NOW RUNNING TO IMF TO PUT GHANA UNDER HIPIC AGAIN
Counselor 11 years ago

Bawumiah did not offer any solutions, Dan!

Bawumiah did not offer any solutions, Dan!
T.T 11 years ago

BOGUS,ECONOMIST.

BOGUS,ECONOMIST.
Peter Khan 11 years ago

What would you have done in this situation? Words are cheap

What would you have done in this situation? Words are cheap
STONER KOBYLYNTON 11 years ago

Don't tell me that you are not of Pakistani descent or from one of those countries around?

Don't tell me that you are not of Pakistani descent or from one of those countries around?
kill me 11 years ago

This Ramadam is not good for Nana, dry fasting oh God.

This Ramadam is not good for Nana, dry fasting oh God.
J.B. Rockson Washington D.C. 11 years ago

That's NDC Govt

That's NDC Govt
Osei Bonsu 11 years ago

PLEASE TAKE A TRIP TOGETHER TO ASIKUMAH TO SEE THE FINISHING TORCHES OF THE GREAT EASTERN CORRIDORE HIGH WAY. A TYPICAL NDC PROPAGANDA 3 YEARS AGO ON TV.

PLEASE TAKE A TRIP TOGETHER TO ASIKUMAH TO SEE THE FINISHING TORCHES OF THE GREAT EASTERN CORRIDORE HIGH WAY. A TYPICAL NDC PROPAGANDA 3 YEARS AGO ON TV.
Mother Ghana 11 years ago

I want a solution to the 3b to over 10billion wage bill without the corresponding increase in productivity. Lets all pull together as a nation and solve this problem. We have a real crisis at hand. The wage increase is too mu ...
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I want a solution to the 3b to over 10billion wage bill without the corresponding increase in productivity. Lets all pull together as a nation and solve this problem. We have a real crisis at hand. The wage increase is too much. Please don't insult just give a solution if you have one. I truly have sleepless nights over this situation we find ourselves in as a nation

Thanks.

Pelicles 11 years ago

First of all, if you are a CEO who has just been appointed to head a corporation, what will be your first act on the job? You will look at the finances of the company. Right or wrong? That is where Mahama fell short. As soo ...
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First of all, if you are a CEO who has just been appointed to head a corporation, what will be your first act on the job? You will look at the finances of the company. Right or wrong? That is where Mahama fell short. As soon as he was sworn in as president, he increased his salary three fold to that of Kufuor and Mills with two years back pay thereby setting a chain reaction from other workers.

Imagine salaries and wages alone taken 70% of our revenue and does it make sense as a nation and what can we do with the 30%? Also, the government is too big couple with corruption so, there is no option than to run to the IMF bail out.

Look, I remember Mahama saying that the nation loses over One hundred million dollars at the ports every month. Now, why can't the administration put some measures in place to stop that huge leak? One hundred million a month is a lot of money for a nation like Ghana isn't it? There is over 650 workers at the Flagstaff House alone and what are they doing. Do you think it make sense for us to give our MPs, Ministers, Council of state members, DCEs etc a package every four years ranging from $40,000 downwards and where is the money coming from?

Mother Ghana, our problems are man-made and till we cut our coat according to our size, there is no hope. This IMF bail out will be short lived because we will go back for the status quo that acting senselessly.
DAN 11 years ago

I will nominate you for president and Martin Amidu for attorney general so the corrupt arses can be kicked out to free ghana's system of leakages. It appears mahama is unwilling, unable to put your simple solution into prac ...
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I will nominate you for president and Martin Amidu for attorney general so the corrupt arses can be kicked out to free ghana's system of leakages. It appears mahama is unwilling, unable to put your simple solution into practice; presumably because he may be the leader of the looting brigade the high court judge described.
J.B. Rockson Washington D.C. 11 years ago

This Govt is sick

This Govt is sick
Osei Ameyaw Kuntunkununku 11 years ago

Some dey London and some dey new Yok and whether ebe JAk, JJ, Eric Amoateng or JDM ruling...we just talk basa basa and we just wear our bias spectacles and don't see natin. If we be fed up with John Mahama, make we kick out n ...
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Some dey London and some dey new Yok and whether ebe JAk, JJ, Eric Amoateng or JDM ruling...we just talk basa basa and we just wear our bias spectacles and don't see natin. If we be fed up with John Mahama, make we kick out now now and put the Nana Man who dey talk as if he can make the econami better. This politician love only themselves.JAK dey enjoy, Mahama dey enjoy and Nana dey enjoy even now e no be prez. But this man be olu papa and e be cheap man too!! Make you make coup d'état and come rule sharp. Because you cannot wait. You beliv if you no rule Ghana...you no go die even though you belif all die be die? This man we go insult paa if he get prez to chop!! Short man pigmy prez, pompous and arrogant
ONE OF YOURS 11 years ago

IMF Bailout is the best.more than nothing.NPP[JAK],Time we were in HIPC,All our debt and interest to be paid was written off by world powers.but JAK thought he has done well so he awarded himself gold medal.JDM is entering mi ...
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IMF Bailout is the best.more than nothing.NPP[JAK],Time we were in HIPC,All our debt and interest to be paid was written off by world powers.but JAK thought he has done well so he awarded himself gold medal.JDM is entering middle income status so no free money.hence crisi.JDM TAKE TIME AND SOLVE THE PROBLEM WELL.FORGET ABOUT THE NOICE MAKERS.
Kalahariman 11 years ago

IMF bailout sign of govt’s “failure” is the begining of Wisdom. When you see trouble ahead of you - ask for help from the experts - don't try your experiments and make things worst.

IMF bailout sign of govt’s “failure” is the begining of Wisdom. When you see trouble ahead of you - ask for help from the experts - don't try your experiments and make things worst.
NDC 11 years ago

Mahama is a big fool

Mahama is a big fool
Sam 11 years ago

Narcorticts would go down in history would go down in history as a first class rogue politicians of our time. This a man who can best a shameless opportunist who will always clutch at a straw revive his ever dwindling politic ...
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Narcorticts would go down in history would go down in history as a first class rogue politicians of our time. This a man who can best a shameless opportunist who will always clutch at a straw revive his ever dwindling political fortunes.
Patroit 11 years ago

Stop campaigning against Ghana abroad. This would not win you the presidency. Probably look towards Zimbabwe for a lesson.

Stop campaigning against Ghana abroad. This would not win you the presidency. Probably look towards Zimbabwe for a lesson.
Mimi 11 years ago

Shut a fuck up. You were a minister in Kuffour's government. He took loans from the IMF.You think you're almost there as president?. You lie!!.

Shut a fuck up. You were a minister in Kuffour's government. He took loans from the IMF.You think you're almost there as president?. You lie!!.
Counselor 11 years ago

Well said!

Well said!
SICURA 11 years ago

Partisanship aside, do you know what it means when a country blessed with human and natural resources like Ghana goes to the IMF with a begging bowl? Do you know what is happening to the money gained from oil?

Partisanship aside, do you know what it means when a country blessed with human and natural resources like Ghana goes to the IMF with a begging bowl? Do you know what is happening to the money gained from oil?
Mizzy2012 11 years ago

wow Ghanaians are now sick

wow Ghanaians are now sick
truth 11 years ago

failure as well. If reasonable folks can counter argument without insults Ghanaians can see eye to eye with each other/.

failure as well. If reasonable folks can counter argument without insults Ghanaians can see eye to eye with each other/.
The Trucker 11 years ago

(1) TOP TEN REASONS TO OPPOSE THE IMF

from Global Exchange

WHAT IS THE IMF?

The International Monetary Fund and the World Bank were created in 1994, shortly before the end of World War II, at a conference in Bretton ...
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(1) TOP TEN REASONS TO OPPOSE THE IMF

from Global Exchange

WHAT IS THE IMF?

The International Monetary Fund and the World Bank were created in 1994, shortly before the end of World War II, at a conference in Bretton Woods, New Hampshire. Both institutions are now based in Washington, DC. The IMF was designed to promote international economic cooperation and provide its member countries with short term loans in order to trade with other countries (achieve balance of payments). During the 1980's, the IMF took on an expanded role of lending money to "bailout" countries during financial crisis. This gave the IMF leverage to begin designing economic policies for over 60 countries. Countries have to follow these policies to get the IMF's "seal of approval" to get loans, international assistance, and even debt relief. Thus, the IMF has enormous influence not only in structuring the global economy, but also on real-life issues such as poverty, environmental sustainability and development. The IMF is one of the most powerful institutions on Earth--yet few know what it is. 1) The IMF has created a system of modern day colonialism that SAPs the poor to fatten the rich

The IMF, along with the WTO and the World Bank, is directing the global economy on a path of greater inequality and environmental destruction. The IMF's and World Bank's "structural adjustment policies" (SAPs) ensure debt repayment by requiring countries to cut spending on education and health; eliminate basic foods and transportation subsidies; devalue national currencies to make exports cheaper; privatize national assets; and freeze wages. These policies increase poverty, reduce countries' ability to develop strong domestic economies and allow multinational corporations to exploit workers and pollute the environment.

2) The IMF caters to wealthy countries and Wall Street

Although industrialized countries have not borrowed from the IMF in twenty years, rich countries dominate decision making. Voting power is determined by the amount of money that each country pays. The U.S. is the largest shareholder with a quota of 18%. U.S., Germany, Japan, France and Great Britain together hold about 38% of the vote. Each of these countries appoints their own representative to the executive board, while other groups of countries elect a representative. The U.S. Executive Director is Karin Lissakers, and she works closely with Lawrence Summers and the U.S. Treasury Department to design policy for the IMF. The disproportional amount of power held by wealthy countries translates into decisions that benefit wealthy bankers, investors and corporations from industrialized countries at the expense of sustainable development. Is it a surprise that the IMF then uses its leverage over cash-strapped developing countries to force them to open up to powerful transnational corporations?

3) The IMF is imposing a fundamentally flawed development model

Unlike the path followed by most industrialized countries, the IMF forces countries from the Global South to prioritize export production over the development of a diversified domestic economy. Nearly 80% of all malnourished children in the developing world live in countries where farmers have been forced to shift from food production for local consumption to the production of crops for export to the industrialized countries. The IMF also requires countries to eliminate tariffs and provide incentives for multinational corporations - such as reduced labor and environmental protections. Small businesses and farmers can't compete with large multinational corporations, resulting in sweatshop conditions where workers are paid starvation wages, live in inhumane conditions, and are unable to provide for their families. The cycle of poverty is perpetuated, not eliminated.

4) The IMF is a secretive institution with no accountability

The IMF is funded with taxpayer money, yet it operates from behind a veil of secrecy. For the most part, members of affected communities do not participate in designing loan packages. The IMF works with a select group of central bankers and finance ministry staff to decide polices without input from other government agencies such as health, education and environment departments. Furthermore, the IMF has resisted attempts to open up to public scrutiny and independent evaluation. The IMF has made elites from the Global South more accountable to First World elites than their own people.

5) IMF policies promote corporate welfare

To increase exports, countries are encouraged to give tax breaks and subsidies to export industries. Assets such as forestland and government utilities (phone, water and electricity companies) are sold off to foreign investors at rock bottom prices. Some examples: In Guyana, an Asian owned timber company called Barama received a logging concession that was 1.5 times the total amount of land all the indigenous communities were granted. Barama also received a five-year tax holiday. The IMF forced Haiti to open its market to imported, highly subsidized U.S. rice at the same time it prohibited Haiti from subsidizing its own farmers. A US corporation called Early Rice now sells nearly 50% of the rice consumed in Haiti. Haitian farmers have been forced off their land to seek work in sweatshops, and people are poorer than ever.

6) The IMF hurts workers

Many SAPs require changes in labor laws, such as eliminating collective bargaining laws and lowering wages in order to provide conditions favorable to attracting foreign investors. The IMF's mantra of "labor flexibility" permits corporations to fire at whim and move where wages are cheapest. According to the 1995 UN Trade and Development Report, employers are using this extra "flexibility" in labor laws to shed workers, rather than create jobs. In Haiti, the government was told to eliminate a statute in their labor code that mandated increases in the minimum wage when inflation exceeded 10%. By the end of 1997, Haiti's minimum wage was only $2.40 a day, just one-fifth of the minimum wage in 1971 in real terms. Workers in the U.S. are also hurt by IMF policies by having to compete with cheap, exploited labor. Two years ago, the IMF's mismanagement of the Asian financial crisis plunged South Korea, Indonesia, Thailand and other countries into deep depression that led to the creation of 200 million "newly poor." The IMF advised countries to "export their way out of the crisis." Consequently, the dumping of Asian steel in U.S. markets resulted in the layoffs of over 12,000 steelworkers.

7) The IMF's policies hurt women the most

SAPs make it much more difficult for women to meet their families' basic needs. When education costs rise due to user fees, girls are the first to be withdrawn from schools. User fees in public health facilities make it unaffordable to those who need it most. The shift to export agriculture also makes feeding one's family increasingly difficult. Women have also become more exploited in the private sector workforce as regulations are rolled back and sweatshops abound. The general lack of economic opportunity has meant an increase in prostitution and other black market jobs and indentured servitude.

8) IMF Policies hurt the environment

IMF loans and bailout packages are paving the way for natural resource exploitation on a staggering scale. The IMF does not consider environmental impacts of lending policies; and environmental ministries and groups are not included in policy making. The focus on export growth to earn hard currency to pay back loans means unsustainable liquidation of natural resources. Government cutbacks inevitably target the environmental ministry as one of the first agencies to come under the budget axe. This happened with the bailouts of Brazil, Indonesia, and Russia--countries that are renowned for their great biodiversity.

9) The IMF bails out rich bankers, creating a moral hazard and greater instability in the global economy

The IMF pushes countries to dismantle trade and investment rules, as well as raise interest rates in order to lower inflation. The removal of regulations that might limit speculation has greatly increased capital investment in developing country financial markets. More than $1.5 trillion crosses borders every day. This capital is short-term, unstable, and puts countries at the whim of financial speculators. The Mexican 1995 peso crisis was partly a result of these IMF policies. When the bubble popped, the IMF and US government stepped in to prop up interest and exchange rates, using taxpayer money to bailout Wall Street bankers for their high-risk investment. This encourages investors to continue making risky, speculative bets, increasing the instability of national economies. Furthermore, during the bailout of Asian countries, the IMF restored rich people's profits while implementing policies that threw people out of work and increased poverty. Asian governments were required to assume the bad debts of private banks, thus making the public pay the costs and draining yet more resources away from social programs and real development.

10) IMF bailouts deepen, rather then solve, economic crisis

During financial crises, such as with Mexico in 1995 and South Korea, Indonesia, Thailand, Brazil, and Russia in 1997, the IMF stepped in as the lender of last resort to "bail out" countries with huge loan packages. Yet the IMF bailouts in the Asian financial crisis did not stop the financial panic--instead, the crisis deepened and spread to more countries. The policies imposed as conditions of these loans were bad medicine, causing layoffs in the short run and undermining development in the long run. In South Korea, the IMF sparked a recession by raising interest rates and lowering the currency, resulting in more bankruptcies, increased unemployment, and government spending cuts. Under the IMF-imposed economic reforms after the peso bailout in 1995, the number of Mexicans living in extreme poverty increased more than 50% and the national average minimum wage fell 20%.

(2)FOR THOSE WHO HAVE THE TIME PLEASE READ BELOW

In his book Confessions of an Economic Hit Man JOHN PERKINS describes how as a highly paid professional, he helped the U.S. cheat poor countries around the globe out of trillions of dollars by lending them more money than they could possibly repay and then take over their economies. [includes rush transcript]

John Perkins describes himself as a former economic hit man–a highly paid professional who cheated countries around the globe out of trillions of dollars.

20 years ago Perkins began writing a book with the working title, "Conscience of an Economic Hit Men."

Perkins writes, "The book was to be dedicated to the presidents of two countries, men who had been his clients whom I respected and thought of as kindred spirits–Jaime Roldós, president of Ecuador, and Omar Torrijos, president of Panama. Both had just died in fiery crashes. Their deaths were not accidental. They were assassinated because they opposed that fraternity of corporate, government, and banking heads whose goal is global empire. We Economic Hit Men failed to bring Roldós and Torrijos around, and the other type of hit men, the CIA-sanctioned jackals who were always right behind us, stepped in.

John Perkins goes on to write: "I was persuaded to stop writing that book. I started it four more times during the next twenty years. On each occasion, my decision to begin again was influenced by current world events: the U.S. invasion of Panama in 1980, the first Gulf War, Somalia, and the rise of Osama bin Laden. However, threats or bribes always convinced me to stop."

But now Perkins has finally published his story. The book is titled Confessions of an Economic Hit Man. John Perkins joins us now in our Firehouse studios.

John Perkins, from 1971 to 1981 he worked for the international consulting firm of Chas T. Main where he was a self-described "economic hit man." He is the author of the new book Confessions of an Economic Hit Man.
TRANSCRIPT

This is a rush transcript. Copy may not be in its final form.

AMY GOODMAN: John Perkins joins us now in our firehouse studio. Welcome to Democracy Now!

JOHN PERKINS: Thank you, Amy. It’s great to be here.

AMY GOODMAN: It’s good to have you with us. Okay, explain this term, "economic hit man," e.h.m., as you call it.

JOHN PERKINS: Basically what we were trained to do and what our job is to do is to build up the American empire. To bring — to create situations where as many resources as possible flow into this country, to our corporations, and our government, and in fact we’ve been very successful. We’ve built the largest empire in the history of the world. It’s been done over the last 50 years since World War II with very little military might, actually. It’s only in rare instances like Iraq where the military comes in as a last resort. This empire, unlike any other in the history of the world, has been built primarily through economic manipulation, through cheating, through fraud, through seducing people into our way of life, through the economic hit men. I was very much a part of that.

AMY GOODMAN: How did you become one? Who did you work for?

JOHN PERKINS: Well, I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation’s largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950’s, Kermit Roosevelt, the grandson of Teddy, who overthrew of government of Iran, a democratically elected government, Mossadegh’s government who was _Time_’s magazine person of the year; and he was so successful at doing this without any bloodshed — well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn’t have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government.

AMY GOODMAN: Okay. Explain the company you worked for.

JOHN PERKINS: Well, the company I worked for was a company named Chas. T. Main in Boston, Massachusetts. We were about 2,000 employees, and I became its chief economist. I ended up having fifty people working for me. But my real job was deal-making. It was giving loans to other countries, huge loans, much bigger than they could possibly repay. One of the conditions of the loan — let’s say a $1 billion to a country like Indonesia or Ecuador — and this country would then have to give ninety percent of that loan back to a U.S. company, or U.S. companies, to build the infrastructure — a Halliburton or a Bechtel. These were big ones. Those companies would then go in and build an electrical system or ports or highways, and these would basically serve just a few of the very wealthiest families in those countries. The poor people in those countries would be stuck ultimately with this amazing debt that they couldn’t possibly repay. A country today like Ecuador owes over fifty percent of its national budget just to pay down its debt. And it really can’t do it. So, we literally have them over a barrel. So, when we want more oil, we go to Ecuador and say, "Look, you’re not able to repay your debts, therefore give our oil companies your Amazon rain forest, which are filled with oil." And today we’re going in and destroying Amazonian rain forests, forcing Ecuador to give them to us because they’ve accumulated all this debt. So we make this big loan, most of it comes back to the United States, the country is left with the debt plus lots of interest, and they basically become our servants, our slaves. It’s an empire. There’s no two ways about it. It’s a huge empire. It’s been extremely successful.

AMY GOODMAN: We’re talking to John Perkins, author of Confessions of an Economic Hit Man. You say because of bribes and other reason you didn’t write this book for a long time. What do you mean? Who tried to bribe you, or who — what are the bribes you accepted?

JOHN PERKINS: Well, I accepted a half a million dollar bribe in the nineties not to write the book.

AMY GOODMAN: From?

JOHN PERKINS: From a major construction engineering company.

AMY GOODMAN: Which one?

JOHN PERKINS: Legally speaking, it wasn’t — Stoner-Webster. Legally speaking it wasn’t a bribe, it was — I was being paid as a consultant. This is all very legal. But I essentially did nothing. It was a very understood, as I explained in Confessions of an Economic Hit Man, that it was — I was — it was understood when I accepted this money as a consultant to them I wouldn’t have to do much work, but I mustn’t write any books about the subject, which they were aware that I was in the process of writing this book, which at the time I called "Conscience of an Economic Hit Man." And I have to tell you, Amy, that, you know, it’s an extraordinary story from the standpoint of —- It’s almost James Bondish, truly, and I mean—-

AMY GOODMAN: Well that’s certainly how the book reads.

JOHN PERKINS: Yeah, and it was, you know? And when the National Security Agency recruited me, they put me through a day of lie detector tests. They found out all my weaknesses and immediately seduced me. They used the strongest drugs in our culture, sex, power and money, to win me over. I come from a very old New England family, Calvinist, steeped in amazingly strong moral values. I think I, you know, I’m a good person overall, and I think my story really shows how this system and these powerful drugs of sex, money and power can seduce people, because I certainly was seduced. And if I hadn’t lived this life as an economic hit man, I think I’d have a hard time believing that anybody does these things. And that’s why I wrote the book, because our country really needs to understand, if people in this nation understood what our foreign policy is really about, what foreign aid is about, how our corporations work, where our tax money goes, I know we will demand change.

AMY GOODMAN: We’re talking to John Perkins. In your book, you talk about how you helped to implement a secret scheme that funneled billions of dollars of Saudi Arabian petrol dollars back into the U.S. economy, and that further cemented the intimate relationship between the House of Saud and successive U.S. administrations. Explain.

JOHN PERKINS: Yes, it was a fascinating time. I remember well, you’re probably too young to remember, but I remember well in the early seventies how OPEC exercised this power it had, and cut back on oil supplies. We had cars lined up at gas stations. The country was afraid that it was facing another 1929-type of crash — depression; and this was unacceptable. So, they —- the Treasury Department hired me and a few other economic hit men. We went to Saudi Arabia. We -—

AMY GOODMAN: You’re actually called economic hit men —e.h.m.’s?

JOHN PERKINS: Yeah, it was a tongue-in-cheek term that we called ourselves. Officially, I was a chief economist. We called ourselves e.h.m.'s. It was tongue-in-cheek. It was like, nobody will believe us if we say this, you know? And, so, we went to Saudi Arabia in the early seventies. We knew Saudi Arabia was the key to dropping our dependency, or to controlling the situation. And we worked out this deal whereby the Royal House of Saud agreed to send most of their petro-dollars back to the United States and invest them in U.S. government securities. The Treasury Department would use the interest from these securities to hire U.S. companies to build Saudi Arabia — new cities, new infrastructure — which we've done. And the House of Saud would agree to maintain the price of oil within acceptable limits to us, which they’ve done all of these years, and we would agree to keep the House of Saud in power as long as they did this, which we’ve done, which is one of the reasons we went to war with Iraq in the first place. And in Iraq we tried to implement the same policy that was so successful in Saudi Arabia, but Saddam Hussein didn’t buy. When the economic hit men fail in this scenario, the next step is what we call the jackals. Jackals are C.I.A.-sanctioned people that come in and try to foment a coup or revolution. If that doesn’t work, they perform assassinations. or try to. In the case of Iraq, they weren’t able to get through to Saddam Hussein. He had — His bodyguards were too good. He had doubles. They couldn’t get through to him. So the third line of defense, if the economic hit men and the jackals fail, the next line of defense is our young men and women, who are sent in to die and kill, which is what we’ve obviously done in Iraq.

AMY GOODMAN: Can you explain how Torrijos died?

JOHN PERKINS: Omar Torrijos, the President of Panama. Omar Torrijos had signed the Canal Treaty with Carter much — and, you know, it passed our congress by only one vote. It was a highly contended issue. And Torrijos then also went ahead and negotiated with the Japanese to build a sea-level canal. The Japanese wanted to finance and construct a sea-level canal in Panama. Torrijos talked to them about this which very much upset Bechtel Corporation, whose president was George Schultz and senior council was Casper Weinberger. When Carter was thrown out (and that’s an interesting story — how that actually happened), when he lost the election, and Reagan came in and Schultz came in as Secretary of State from Bechtel, and Weinberger came from Bechtel to be Secretary of Defense, they were extremely angry at Torrijos — tried to get him to renegotiate the Canal Treaty and not to talk to the Japanese. He adamantly refused. He was a very principled man. He had his problem, but he was a very principled man. He was an amazing man, Torrijos. And so, he died in a fiery airplane crash, which was connected to a tape recorder with explosives in it, which — I was there. I had been working with him. I knew that we economic hit men had failed. I knew the jackals were closing in on him, and the next thing, his plane exploded with a tape recorder with a bomb in it. There’s no question in my mind that it was C.I.A. sanctioned, and most — many Latin American investigators have come to the same conclusion. Of course, we never heard about that in our country.

AMY GOODMAN: So, where — when did your change your heart happen?

JOHN PERKINS: I felt guilty throughout the whole time, but I was seduced. The power of these drugs, sex, power, and money, was extremely strong for me. And, of course, I was doing things I was being patted on the back for. I was chief economist. I was doing things that Robert McNamara liked and so on.

AMY GOODMAN: How closely did you work with the World Bank?

JOHN PERKINS: Very, very closely with the World Bank. The World Bank provides most of the money that’s used by economic hit men, it and the I.M.F. But when 9/11 struck, I had a change of heart. I knew the story had to be told because what happened at 9/11 is a direct result of what the economic hit men are doing. And the only way that we’re going to feel secure in this country again and that we’re going to feel good about ourselves is if we use these systems we’ve put into place to create positive change around the world. I really believe we can do that. I believe the World Bank and other institutions can be turned around and do what they were originally intended to do, which is help reconstruct devastated parts of the world. Help — genuinely help poor people. There are twenty-four thousand people starving to death every day. We can change that.

AMY GOODMAN: John Perkins, I want to thank you very much for being with us. John Perkins’ book is called, Confessions of an Economic Hit Man.
Kalahariman 11 years ago

This writer is a communist - he doesn't know that even the communist are learning to be capitalist. China is all over Ghana showing their capitalist new ideas...if you don't have money and your child is sick and need critical ...
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This writer is a communist - he doesn't know that even the communist are learning to be capitalist. China is all over Ghana showing their capitalist new ideas...if you don't have money and your child is sick and need critical medical attention, please go borrow the money from somewhere and save your child...don't be giving all these stupid 10 reasons. Banks are in business to make money. You must think the money they give is free money with your communist thinking mind
Kalahariman 11 years ago

Nana Looks very SICK- I pray that he takes care of his health and forget about this stressfull job... i feel sorry for him in this picture. He looks very SAD and Gloomy - like has been told he has 6mos to live by his Dr.

Nana Looks very SICK- I pray that he takes care of his health and forget about this stressfull job... i feel sorry for him in this picture. He looks very SAD and Gloomy - like has been told he has 6mos to live by his Dr.
Kalahariman 11 years ago

You saw all the 49 presidents that met President Obama. Did you see any short man there. I told you are too short to be president - even your wife knows it. Uhmmm

You saw all the 49 presidents that met President Obama. Did you see any short man there. I told you are too short to be president - even your wife knows it. Uhmmm
PRINCEWILLY@YMAIL.COM 11 years ago

“A few months after his parents were divorced, Little Johnny passed by his mom's bedroom and saw her rubbing her body and moaning, "I need a man, I need a man!" Over the next several months, he saw her doing this often. One ...
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“A few months after his parents were divorced, Little Johnny passed by his mom's bedroom and saw her rubbing her body and moaning, "I need a man, I need a man!" Over the next several months, he saw her doing this often. One day, he came home from school and heard her moaning differently. When he peeked into her bedroom, he saw a man on top of her. Little Johnny ran into his room, took off his clothes, threw himself on his bed, and started stroking himself, moaning, "I need a bike! I need a bike!
Agyapong 11 years ago

ONEC AGAIN DOCTORED PICTURE FROM NDC GURUS IT IS SHAMEFUL AND NEED TO BE STOP.

ONEC AGAIN DOCTORED PICTURE FROM NDC GURUS IT IS SHAMEFUL AND NEED TO BE STOP.
Palmwine Tapper 11 years ago

What Doctored Pix. This is the Youthful Midget. Your Nana looks very old like a zoo midget monkey. Months ago, the wife Becky complained Nana's weak performance in bed with his okro size dick. I felt so sorry for the man that ...
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What Doctored Pix. This is the Youthful Midget. Your Nana looks very old like a zoo midget monkey. Months ago, the wife Becky complained Nana's weak performance in bed with his okro size dick. I felt so sorry for the man that I've to ship some viagra to the midget to meet his bedroom obligations. Tweaa, you just self-pity. Paranoid I might add.
Kwajo Sei 11 years ago

Politics is indeed insanity of humanity. Is this the first time Ghana goes to the Bretton Woods for bailout? When Kuffour all of a sudden decided single handedly to go HIPIC where was Nanao, I want to be prezidend? I believed ...
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Politics is indeed insanity of humanity. Is this the first time Ghana goes to the Bretton Woods for bailout? When Kuffour all of a sudden decided single handedly to go HIPIC where was Nanao, I want to be prezidend? I believed they were all present and convince the whole of the Ghanaian populace that the was the economic panacea for the country then. They took the hipic money share among themselves and labeled public toilets and some remote village public schools' HIPIC' funded. Where are those schools today? Nowhere to be seen. They perished with the demise of NPP and the present govt is saddled with the challenge of providind decent schools to the communities.
Just from HIPIC we jumped to a 'Lower Middle Income Economy' Incredible! And the NPP govt wants to let all know that they took Ghana to a middle income economy all the time. Why this confusion just in the name of I want to be prezidend? Politicians have played on the intelligence of Ghanaians for far too long. How long again?
bayaba 11 years ago

is that same man who lost all the elections/?

is that same man who lost all the elections/?
Palmwine Tapper 11 years ago

When will this Lilliput Midget ever going to SHUT the FUCK UP?
Good grief!
Just SHUT the FUCK UP! Will ya?

When will this Lilliput Midget ever going to SHUT the FUCK UP?
Good grief!
Just SHUT the FUCK UP! Will ya?
Sir Kofi 11 years ago

NANA YA MUTU OOO

NANA YA MUTU OOO
Andi 11 years ago

WISH U GOODBYE

WISH U GOODBYE
Otoo 11 years ago

Nana, enough of your constant garbage. Instead of attacking the government here and there, the first thing to do is to prove to Ghanaians your are not a crook. Please, please do us a favour. Show us a copy of your Law certifi ...
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Nana, enough of your constant garbage. Instead of attacking the government here and there, the first thing to do is to prove to Ghanaians your are not a crook. Please, please do us a favour. Show us a copy of your Law certificate and also give us the name of the Law school you attended. If you have no certificate and you have being a FAKE lawyer all these years then please keep your dirty mouth shut. When the NPP media went about saying the Vice President had no Masters in Economics from the University of Ghana, he immediately went to the university to collect his certificate in the presence of the media. Nana, why can`t you do the same. Just show us your Law certificate. PERIOD.
ken 11 years ago

What is this evil dwarf talking about. Your stock in trade is to present yourself as a credible person but discerning minds know that you are the devil himself. You have nothing good to offer this except dabbling in evil- min ...
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What is this evil dwarf talking about. Your stock in trade is to present yourself as a credible person but discerning minds know that you are the devil himself. You have nothing good to offer this except dabbling in evil- minded activities.
NICE-BELGIUM 11 years ago

NANA ADDO.. GOD BLESS YOU.. WE LOVE YOU.. STAY BLESS ALWAYS

NANA ADDO.. GOD BLESS YOU.. WE LOVE YOU.. STAY BLESS ALWAYS
Opinenhof 11 years ago

Ghana is not the first country to go in for bailout.Some european country go through it .so is not a crime. What about the Hipc K4 took Ghana through.?

Ghana is not the first country to go in for bailout.Some european country go through it .so is not a crime. What about the Hipc K4 took Ghana through.?
BOY KOFI 11 years ago

Kuffour was elected in 2000 and it took him 6 good years to break from IMF.Mahama has less than 2 years in office so you cannot make such comparison.By the way, Nana Addo has every right to criticise the govt but as a politic ...
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Kuffour was elected in 2000 and it took him 6 good years to break from IMF.Mahama has less than 2 years in office so you cannot make such comparison.By the way, Nana Addo has every right to criticise the govt but as a political who wants to win power must be very strategic than ordinary foot soldier.Thank you.
Chabba 11 years ago

Ghanaweb your evil practice of always creating the impression that Nana Akuffo Addo and Dr. Bawumia are out of touch with the ordinary Ghanaian by the type of their pictures you use alongside their views or comments is known. ...
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Ghanaweb your evil practice of always creating the impression that Nana Akuffo Addo and Dr. Bawumia are out of touch with the ordinary Ghanaian by the type of their pictures you use alongside their views or comments is known. Elements like you are great contributory factor in the current Ghana's retrogression in socio-economic development. If you think you've got somebody think twice b/c any diabolical strategy you employ so that Ghana cannot get the right kind of leadership to steer the country out of the present mess will ultimately affect you, your children and your children's children. A word to the wise......
Skains 11 years ago

The question is this: what does Akuffo Addo know about the intricacies of economics for him to talk about government failure? This man is really arrogant!

The question is this: what does Akuffo Addo know about the intricacies of economics for him to talk about government failure? This man is really arrogant!
AKONFEM MAHAMA BAD LUCK 11 years ago

CNN BOY CRIMINAL,MAHAMA IS BIG EVIL.CORRUPT IN GHANA HISTORY,WHAT A SHAME,MAHAMA SHOULD BOW HIS USELESS,KILLER HEAD DOWN,KWASEAFUO NDC WILL NEVER UNDERSTAND,ALL THEY CAN DO IS CORRUPT.SINKING.COLLAPSING GHANA FOOOOOOOOOOLS AS ...
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CNN BOY CRIMINAL,MAHAMA IS BIG EVIL.CORRUPT IN GHANA HISTORY,WHAT A SHAME,MAHAMA SHOULD BOW HIS USELESS,KILLER HEAD DOWN,KWASEAFUO NDC WILL NEVER UNDERSTAND,ALL THEY CAN DO IS CORRUPT.SINKING.COLLAPSING GHANA FOOOOOOOOOOLS AS IDIOOOOTS MAHAMA,TUO ZAAAAFI LIKE HIM
Akomadan Adjei Nkansah Belgium 11 years ago

NDC CRIMINALS,INCOMPETENT,FOOOOOOLS,MAHAMA SAID HE CHOP ALL GHANA MONEY AND LEFT US BONES,STILL NDC JUJU NKWASEAFUO BOYS INSULTING NANA ADDO,HAHAHAHA FUNNY,,AGYIMIFUO,AKRONFUO,MAOFUO,GOD WILL PUNISH THEM ONE BY ONE FOR GHANA, ...
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NDC CRIMINALS,INCOMPETENT,FOOOOOOLS,MAHAMA SAID HE CHOP ALL GHANA MONEY AND LEFT US BONES,STILL NDC JUJU NKWASEAFUO BOYS INSULTING NANA ADDO,HAHAHAHA FUNNY,,AGYIMIFUO,AKRONFUO,MAOFUO,GOD WILL PUNISH THEM ONE BY ONE FOR GHANA,WE HEARD FRO ANITHA SEND BACK FROM USA,MAHAMA CORRUPT WILL BE THE NEXT,FOOOOOOOOOOLS
QUAYSON 11 years ago

NANA YOU'VE ALREADY LOOKS LIKE DEAD BODY OOOOO, ARE WE SAFE?

NANA YOU'VE ALREADY LOOKS LIKE DEAD BODY OOOOO, ARE WE SAFE?
NEOPOLUS 11 years ago

Nana will live a lot longer than Mills.
Mills was killed and died before his time. However, Nana will die like everyone else will by natural death, and that is better death than being killed for political power by those you ...
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Nana will live a lot longer than Mills.
Mills was killed and died before his time. However, Nana will die like everyone else will by natural death, and that is better death than being killed for political power by those you suppose to trust.
GHANAIAN 11 years ago

IS AKUFO ADDO TELLING GHANAIAN THAT KUFUOR GOVERNMENT IN WHICH HE WAS ATTON. GEN. AND FORIN. MINSTER DECISION OF GOING HIPC AND SELLING OF VODAFONE IS A FAILURE IN THE PERIOD OF THEIR RULING IS GOOD WITH US

IS AKUFO ADDO TELLING GHANAIAN THAT KUFUOR GOVERNMENT IN WHICH HE WAS ATTON. GEN. AND FORIN. MINSTER DECISION OF GOING HIPC AND SELLING OF VODAFONE IS A FAILURE IN THE PERIOD OF THEIR RULING IS GOOD WITH US
GHANAIAN 11 years ago

YOU ARE A DISGRACE TO GHANA

YOU ARE A DISGRACE TO GHANA
Genuine Observer 11 years ago

Whenever NPP speaks with wisdom, NDC shows foolery by its responses. Look how none of the 'enemies' of Nana could respond directly to his reasons given here except their personal attacks which is irrelevant to Ghana's econom ...
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Whenever NPP speaks with wisdom, NDC shows foolery by its responses. Look how none of the 'enemies' of Nana could respond directly to his reasons given here except their personal attacks which is irrelevant to Ghana's economic recovery.
asonaba kofi 11 years ago

i believe that the first thing akuffo addo/bawumia would have done if they won the 2016 elections would have been to go to the imf.

i believe that the first thing akuffo addo/bawumia would have done if they won the 2016 elections would have been to go to the imf.
Dasoli Fuzzy 11 years ago

2016 is going to be a year for Nana Addo becouse NDC has fail Ghanaians.

2016 is going to be a year for Nana Addo becouse NDC has fail Ghanaians.
WHITE MAN 11 years ago

...

...
NANA 11 years ago

The man is really SICK

The man is really SICK
Bernard 11 years ago

Nana, why did Gen. Acheampong overthrow your dad's government within a short span of time? Was it not the dire economic hardship Ghanaians were going through at the time that brought Kutu Acheampong and National Redemption ...
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Nana, why did Gen. Acheampong overthrow your dad's government within a short span of time? Was it not the dire economic hardship Ghanaians were going through at the time that brought Kutu Acheampong and National Redemption Council into power. Meanwhile, your dad and Abrefa Busia had aleady taken about two(2) years salary advance, deposited it in their UK foreign account, without a hoot about the ordinary suffering Ghanaians.

Now, is it not ironic that 42 years later, Nana Akufo Addo who lived off his father's ill gotten money will be shouting hoarse that Ghanaians are suffering and must therefore pray in order for the economy to grow.

Indeed, if prayer is what grows economies then, under Akufo Addo's Presidency, i'm afraid Pope Benedict will be forced from the Vatican to relocate to Ghana.

Nana has no economic plan, no vision, no strategy and has no credibility except to play to the gallery of buffoonery.
Akwasi Boateng 11 years ago

what is Akufo Addo's problem........He is behaving like he is God and knows everything....But we all know that Nana Akufo Addo is just an empty barrel making noise a desperado wishing to become President of Ghana so his drug ...
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what is Akufo Addo's problem........He is behaving like he is God and knows everything....But we all know that Nana Akufo Addo is just an empty barrel making noise a desperado wishing to become President of Ghana so his drug baron friends will a have a field day.....to traffick drug.......WHAT IS AKUFO ADDO'S QUALIFICATIONS??? 3RD CLASS DEGREE IN ECONOMICS........???? apuuuuu we need A+ students to manage Ghana and Akufo Addo says wat????.......SOMETHING ARE ONLY FOR JOHN'S
ERIC 11 years ago

HE IS NOT THE ONLY MAN THAT WENT THERE, WHY CAN,NT U POLITICIANS BE HONEST AT ONCE IN LIFE.

HE IS NOT THE ONLY MAN THAT WENT THERE, WHY CAN,NT U POLITICIANS BE HONEST AT ONCE IN LIFE.
JAMES CONGO 11 years ago

NPP must not make a mistake to elect this sick man as their leader.The man is sick.Even a blind person can see that Akufo-Addo is sick.

NPP must not make a mistake to elect this sick man as their leader.The man is sick.Even a blind person can see that Akufo-Addo is sick.
THE ETERNAL PRINCE 11 years ago

Nana Addo! I am addressing you personally for the first time. Please, shield your presidential ambition if you love NPP. By the Grace of God I have grown to a level a little above a normal human being. According to The Ancien ...
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Nana Addo! I am addressing you personally for the first time. Please, shield your presidential ambition if you love NPP. By the Grace of God I have grown to a level a little above a normal human being. According to The Ancient Script, which I am privy to, Ghana will have five Presidents bearing the name John before any other. If NPP wants power in 2016 then it must field Alan John Kwadwo Kyeremateng or have to wait till 2020. THE ORDER IS IMMUTABLE. Lumba's song "Yen tie obiaa" is about this immutability.
KWESI YEBOAH 11 years ago

USELESS THIRD CLASS STUDENT, U WLILL NEVER BECOME OUR PREZ. YOU WANT TO DIE IN OFFICE MR. METUCELLUR?

USELESS THIRD CLASS STUDENT, U WLILL NEVER BECOME OUR PREZ. YOU WANT TO DIE IN OFFICE MR. METUCELLUR?
STONER KOBYLYNTON 11 years ago

Get it that academic credentials don't make one a political visionary. How many of your so stupid 1st class honor students who mounted on the political arena was able to help the nation's transformation? Chairman Rawlings was ...
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Get it that academic credentials don't make one a political visionary. How many of your so stupid 1st class honor students who mounted on the political arena was able to help the nation's transformation? Chairman Rawlings was just a 5th Form Student and did better than this thing called Atopahene with 17 children which only blockheaded electorates would vote such individual to power.

Former Brazilian President Lula neither had that your stupid 3rd Class honors but just Technical education and joined Industrial Company and started his political career from there and was able to transform Brazilian economy. Visionaries are born not acquired. E&OE.
Bernard 11 years ago

Akufo Addo is a curse on Ghana. If not demonstrating against introduction of Vat, which he will later on adopt whiles in government, then he is either going to court spending eight(8) unproductive months of Ghanaians time fi ...
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Akufo Addo is a curse on Ghana. If not demonstrating against introduction of Vat, which he will later on adopt whiles in government, then he is either going to court spending eight(8) unproductive months of Ghanaians time fighting a bogus case which he knew he will never win anyway, or promoting drugs to flourish in the Country.

Nana Akufo Addo should equally be held responsible for the Country's problems. He is the most divisive figure Ghana has produced.
Joe 11 years ago

THANK YOU NANA. IF SO THEN HIPIC IS A FAILUER IN THE KUFOUR ADMINISTRATION WHICH YOU WERE A PARTY TO. IT IS ONLY YOUR ILLITERATE SUPORTERS WHO WILL BELIEVE WHAT YOU ARE SAYING.

THANK YOU NANA. IF SO THEN HIPIC IS A FAILUER IN THE KUFOUR ADMINISTRATION WHICH YOU WERE A PARTY TO. IT IS ONLY YOUR ILLITERATE SUPORTERS WHO WILL BELIEVE WHAT YOU ARE SAYING.
Koblah Gyamfi 11 years ago

Nana, you cannot equate the IMF bail out issue to your 'free school education' diarrhoea with no intelligent analysis. This matter in fact, involved good levels of thoughts and proper considerations by really qualified and e ...
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Nana, you cannot equate the IMF bail out issue to your 'free school education' diarrhoea with no intelligent analysis. This matter in fact, involved good levels of thoughts and proper considerations by really qualified and experienced Ghanaians . They are not imposters like you and the Ali Baba, Kronfuor Kufuor and his 'talibans'. Would you learn to think before you talk Nana, especially, when you're embarking on another doom day for the presidency the 3rd round. Fools never learn from their mistakes. Please don't consult Katakyi, owusu afriyie and awuku, 'bungalow thief-Jake Obetsebi -Lamptey, IC Quaye, Agyiri Blankson, Rockson, Ursula, Gabby and co but be humbly to seek wisdom and knowledge from Dr Nyaho Nyaho-Tamakloe, Dr Arthur Kennedy, Dr Piani,Dr Wereku Brobbey who are some of the wisemen in your party
NEOPOLUS 11 years ago

“Indeed, going back to the IMF after Ghana had weaned itself under President J. A. Kufuor in 2006 is a clear manifestation that this government’s management of the economy has been a spectacular failure."
The above is a ...
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“Indeed, going back to the IMF after Ghana had weaned itself under President J. A. Kufuor in 2006 is a clear manifestation that this government’s management of the economy has been a spectacular failure."
The above is a statement from Nana Akufo-Addo.
Since Mahama and the NDC took over the administration of Ghana, she has never been the same. They have wrecked everything they touch.
Now Mahama who promised us a better Ghana wants help from IMF.
The reality is that Ghana is broke, but they call it just a manageable crisis.
People we still have cocoa, gold, diamond,timber and yes black gold.
So why does Mahama and the NDC needs help from the IMF?
The truth is mismanagement of our resources is killing Ghana. I would also like to add corruption to the mix.
It is time the people demanded accountability from Mahama.
It is also time to think of change.
It is time for Nana and Dr.Bawumia.
It is simply time to bring in competent and men with vision to run our affairs for Mahama is both incompetent and lacks vision. The job we have given him is obviously too large for him and he is confused.
asembeba 11 years ago

Akufo Ado;IMF bailout a sign of govt's failure.

Akufo Ado;IMF bailout a sign of govt's failure.
Kwakuba 11 years ago

Akufo Addo; IMF bailout sign of govt's failure.

Akufo Addo; IMF bailout sign of govt's failure.
OBIKYIRE 11 years ago

Did it cost Ghana 200million cedis to bury Pres. Mills

Did it cost Ghana 200million cedis to bury Pres. Mills
Sammy 11 years ago

By extension, when Kofour took Ghana to HIPC, he was a failure including Nana Addo.

By extension, when Kofour took Ghana to HIPC, he was a failure including Nana Addo.
TWEAAAAAAAA 11 years ago

oh! nana is finished i don't think it is worthy for nana to go into politics the man is worn out sad indeed

oh! nana is finished i don't think it is worthy for nana to go into politics the man is worn out sad indeed

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Akufo-Addo: IMF bailout sign of govt’s “failure”

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