Ghana downgraded by S&P

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DAN 11 years ago

mahama and freind have stole every cedi,dollar and euro know to man!

mahama and freind have stole every cedi,dollar and euro know to man!
daladam 11 years ago

THEIR VOODO ECONOMIC POLICY OF TAXING GHANA PEOPLE AND RAISING VAT AND FEES WHILE THE ECONOMY IS DEAD IS NOW THE REULT OF BROKEN AND BROKE GHANA AS WE KNOW IT TODAY

THEIR VOODO ECONOMIC POLICY OF TAXING GHANA PEOPLE AND RAISING VAT AND FEES WHILE THE ECONOMY IS DEAD IS NOW THE REULT OF BROKEN AND BROKE GHANA AS WE KNOW IT TODAY
Ghfuo: hang nyantakyi, NOW!!! 11 years ago

Ghana Sovereign Wealth Fund: Ghana's 401k.....Martin Skankar of Norway
Do you know that nations blessed with natural resources have less wealth than those less? This is to be blamed on bad governance and weak institutions.
...
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Ghana Sovereign Wealth Fund: Ghana's 401k.....Martin Skankar of Norway
Do you know that nations blessed with natural resources have less wealth than those less? This is to be blamed on bad governance and weak institutions.
This is what needs to happened in ghana for things to change.
Consult Martin Skankar of Norway, a fund manager.
A percentage of all revenues from oil, gold, cocoa etc MUST be deposited into a ghana sovereign fund and invested all over the world by the best investment brains. This money will not be touched by any government, ever! Infact, the revenues accrued from this investment will be used to fund pension, healthcare, education, infrastructural projects, roads etc in Ghana.
DON'T Invest in: What companies produce and how they are produced e.g don't invest in nuclear/chemical weapons, tobacco, companies like walmart(humanitarian clauses)
Norway has pretty much built their economy from the oil they have. Their sovereign fund is the largest national 401k in the world!

"Bad Aid" by Dambisa Moyo
thats the only reason behind these loans from imf. the Ghana govt artificially create the monetary and economic conditions in Ghana that we need the loans. They dilute the numbers. they dont care about the future repercussions or interest rate to ghana. once the multinational loans are issued, they jump.for joy like daycare kiddies, aben wo ha, our day niggas! some.sod cuts for show and presumed contracts are signed but the jobs will never see the light of day!
Corruption, Mismanagement and public sector inertia, redtape is the cause for all this mess and imf fuckers! We have no one to blame but us and no one will ditch us out. If your own family won't ditch you out of a grave. What do you expect from imf? Until we can find a solution to those issues listed. These corrupt politicians who steal don't even reinvest their stolen monies back in ghana. That's why ghana is suffering! Who are you waiting for to bring money into ghana? Remittances from "burgers" or imf dollars? Like my Oldman always use to say "you have a llooonnngggg way to.go"! Believe nothing you hear and 1/2 of what you see!!!
Mahmoud 11 years ago

The so-called professor that tried to embellish Nkrumah's economic record needs to go to school again. These types of socialists' arguments could deceive Ghanaians in the 50s and 60s but they cannot do so now. Nkrumah was the ...
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The so-called professor that tried to embellish Nkrumah's economic record needs to go to school again. These types of socialists' arguments could deceive Ghanaians in the 50s and 60s but they cannot do so now. Nkrumah was the first leader to introduce unsustainable debt into this nation by borrowing massively and unnecessarily to finance his whims and caprices. It was a misfortune that we had such a person as president immediately after the independence. He didn't lay a realistic economic foundation for sustainable development in this country considering the amount of money that was at his disposal in those days.

Ghana had about 1bln dollars in reserve when Nkrumah took over the reins of government in this country. Can you imagine the value of one billion dollars in the early fifties? Again, after 2years of Nkrumah's rule, cocoa prices at the world market rocketed and increased four-fold. But contrary to any sound economic planning, he did not reserve a fraction of the windfall for a rainy day, as the Whiteman had done with only one fourth of the revenue he got from cocoa. So, apart from revenues from gold and other natural resources, what did he do with all the money from the astronomical cocoa prices and the big reserve he inherited that took many years to build for our financial stability and sustainable development?

Kwame Nkrumah went on a spending spree both in Ghana and around the world, throwing his weight about and talking big. So when the cocoa prices fell close to the end of his rule, he was quick to point accusing fingers at the West, blaming them for manipulating cocoa prices to sabotage the economy of Ghana and overthrow his government. Finally, after misusing all the money mainly on prestigious projects, failed communist agricultural projects and whimsical mad-rush industrialization projects that did not withstand the test of time, he also burdened the young nation with another billion dollars' debt before he was forced out of the country.

The truth is that, Kwame Nkrumah met a rich confident country with stable economy, and left it nearly bankrupt in few years as a result of gross mismanagement. Can you see how NDC has also over spent our new oil revenues recklessly, and about to land us in bankruptcy?
Ghfuo: hang nyantakyi, NOW!!! 11 years ago

No current or former president after nkrumah has invested so much in ghana like nkrumah did. Have you forgotten the industries, dams, schools,.ships, teachers, free education that was known ghana during nkrumah' era? It's imp ...
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No current or former president after nkrumah has invested so much in ghana like nkrumah did. Have you forgotten the industries, dams, schools,.ships, teachers, free education that was known ghana during nkrumah' era? It's important to build these factories, hospitals, infrastructure as they will reap revenue to.pay off the debt/deficit afterwards. Name the leaders who came after nkrumah for mismanaging everything and forgetting to continue with nkrumah' policies.
Ghfuo: hang nyantakyi, NOW!!! 11 years ago

Can you imagine if crooks and thieves like Busia, acheampong, kotoka, Africa, jj, kuffour, mahama had become. The first ghana presidents of the republic? Tweaaaaa, they will be worse than mobutu. They will stash all of Ghana' ...
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Can you imagine if crooks and thieves like Busia, acheampong, kotoka, Africa, jj, kuffour, mahama had become. The first ghana presidents of the republic? Tweaaaaa, they will be worse than mobutu. They will stash all of Ghana's money in swiss and British accounts. They won't even build a simple gutter know ghana. U stupid fool. Give credit to where credit is due. Say what you want about nkrumah. He never stole a penny for his personal use and that's for the record! How much has jj, kuffour, mills and mahama stolen from the ordinary Ghanaian taxpayer? Look at nyantakyi
mensa 11 years ago

our rating suck now investors will all run away

our rating suck now investors will all run away
BOLE BAMBOI 11 years ago

Truly sad. Ghana was on the brink of a takeoff after President Kuffour. The trustees who took over took us back to pre HIPC
One step forward two backwards. Cry the
Beloved country

Truly sad. Ghana was on the brink of a takeoff after President Kuffour. The trustees who took over took us back to pre HIPC
One step forward two backwards. Cry the
Beloved country
Daniel 11 years ago

I hope all the swing voters in Ghana are reading this.....2016, be smart and vote according economic issues and not tribal propaganda........we are the only one who can save Ghana......

I hope all the swing voters in Ghana are reading this.....2016, be smart and vote according economic issues and not tribal propaganda........we are the only one who can save Ghana......
Rastafara"I" 11 years ago

they are in to steal. debt to GDP ratio will exceed 100%....not 70% as projected....they intend to steal the oil money before its discovered and pumped out

they are in to steal. debt to GDP ratio will exceed 100%....not 70% as projected....they intend to steal the oil money before its discovered and pumped out

KOGYAM 11 years ago

KWESI PRATT, DO YOU DOUBT THIS RATINGS TOO AS YOU DID FOR AFROBAROMETER?
HARD CORE NDC IN CPP SKIN.YOUR RELEVANCE IS ON THE TIPPING EDGE

KWESI PRATT, DO YOU DOUBT THIS RATINGS TOO AS YOU DID FOR AFROBAROMETER?
HARD CORE NDC IN CPP SKIN.YOUR RELEVANCE IS ON THE TIPPING EDGE
BAFFOUR -- YAW 11 years ago

Npp may surely behind the downgraded,Akwasi praat best known at Ghana politics.

Npp may surely behind the downgraded,Akwasi praat best known at Ghana politics.
Achampong 11 years ago

No condition is permanent!

No condition is permanent!
Asante 11 years ago

JDM, until you sack your finance minister, Ghana's economy will see no improvement. He is too conservative and lacks innovation.

JDM, until you sack your finance minister, Ghana's economy will see no improvement. He is too conservative and lacks innovation.
TRUMPET 11 years ago

Hmmm...the high budget deficit from the looting and thievery alone, has crippled the economy of the country.
The Mahama NDC gov't has completely collapsed the country.
How could Ghana have gotten to this state? It's indee ...
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Hmmm...the high budget deficit from the looting and thievery alone, has crippled the economy of the country.
The Mahama NDC gov't has completely collapsed the country.
How could Ghana have gotten to this state? It's indeed unbelievable. Just 6years of this NDC gov't with oil revenue as well, the country is in the pits. Howwwwww???
It's critical that the NDC gov't is massively kicked out in 2016, because this absolutely untenable.
Ali Mahama 11 years ago

That block headed Ofosu Kwakye should come and blame NPP for this disgraceful rating.Nowaseafo .Ghana will destroy on your heads.

That block headed Ofosu Kwakye should come and blame NPP for this disgraceful rating.Nowaseafo .Ghana will destroy on your heads.
SAARA-MENSAH 11 years ago

Ghana is mostly a cash economy than credit markets. We only have to stop borrowing and manage what we have.

Ghana is mostly a cash economy than credit markets. We only have to stop borrowing and manage what we have.

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Ghana downgraded by S&P

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