Bawumia: NPP borrowed $5.5bn in 8yrs, NDC $27bn in 6yrs

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cha 11 years ago

How many times are the people going to wise up not to give power to these thieves anymore? NDC destroyed Ghana

How many times are the people going to wise up not to give power to these thieves anymore? NDC destroyed Ghana
Abbey 11 years ago

If you have any conscience or credibility in you, you rather question the NPP why should even borrow.This is because our debts were cancelled, grants given free as result of declaring Ghana hpic.So should they borrow?. You s ...
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If you have any conscience or credibility in you, you rather question the NPP why should even borrow.This is because our debts were cancelled, grants given free as result of declaring Ghana hpic.So should they borrow?. You see how stupid you & Bawumia are?
cha 11 years ago

Abbey- it will be a complete waste of time to debt a low average brain like yours - for starters let me get you a lesson since u are beyond stupid- debt cancellation doesnt mean they met any revenue to run the country. They w ...
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Abbey- it will be a complete waste of time to debt a low average brain like yours - for starters let me get you a lesson since u are beyond stupid- debt cancellation doesnt mean they met any revenue to run the country. They walk into a brankrupt country in 2000 by NDC just like this same NDC bankrupt Ghana- NDC now has oil revenoue and lot of other intiatives NPP left behind to run the country- once again you are beyond stupid to understand basic enconomics - what an idoit
DAVI 11 years ago

It's the likes of Abbey,Kwesi Pratt and Ben Ephson, for their Stomach lead, deny Ghana from positive stride and development.NDC the longest Gang in Ghana's political history sitll enjoys from Hipic Benfits and borrowing more ...
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It's the likes of Abbey,Kwesi Pratt and Ben Ephson, for their Stomach lead, deny Ghana from positive stride and development.NDC the longest Gang in Ghana's political history sitll enjoys from Hipic Benfits and borrowing more the any Gov't.to mess up the Nations' future.
PRINCE KWASI ADADE (OFIE) 11 years ago

HELPLESSNESS, HOPELESSNESS & FEELING OF DESPONDENCY HAVE GRIPPED MANY IN GHANA TODAY.
GHANA HAS BEEN RAPED BY THESE NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MA ...
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HELPLESSNESS, HOPELESSNESS & FEELING OF DESPONDENCY HAVE GRIPPED MANY IN GHANA TODAY.
GHANA HAS BEEN RAPED BY THESE 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,NDC US$20 MILLION PARTY HQ., US$4 MILLION DODGY JUDGEMENT DEBT TO MRS RAWLINGS AND HER COMPANY, SUBAH, GYEEDA, WOYOMI, ISOFOTON, WATERVILLE, AFRICA AUTOMOBILE, CP, SADA, FORTIZ/MERCHANT BANK,BRAZIL WORLD CUP SCANDAL, FREE EXPENSIVE CARS FOR CHIEFS, 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!!!
NPP FANATIC 11 years ago

MY FRIEND, FORGET IT!!! AFTER HIPC, K4 KRONFOR'S SON RAPING GHANA AIRWAYS, K4 HIMSELF GETTING A FAT SHARE OF GHANA'S OIL MONEY AD NAUSEUM, WHAT THE F*** ARE YOU TALKING ABOUT???!!!

MY FRIEND, FORGET IT!!! AFTER HIPC, K4 KRONFOR'S SON RAPING GHANA AIRWAYS, K4 HIMSELF GETTING A FAT SHARE OF GHANA'S OIL MONEY AD NAUSEUM, WHAT THE F*** ARE YOU TALKING ABOUT???!!!
GH 11 years ago

THIS MAN PAAAAAAAAAAAA; TELL US WHAT YOU REALLY BORROWED BEFORE THE CONCELLATION

THIS MAN PAAAAAAAAAAAA; TELL US WHAT YOU REALLY BORROWED BEFORE THE CONCELLATION
Mahmoud 11 years ago

Being in power for six years with high commodity prices including the newly found oil, and after recklessly borrowing more than 60% of the GDP or $27bn in six years for dubious contracts and useless "oil curse" expenses, forc ...
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Being in power for six years with high commodity prices including the newly found oil, and after recklessly borrowing more than 60% of the GDP or $27bn in six years for dubious contracts and useless "oil curse" expenses, forcing the Cedi to depreciate to about 40% of its value and the administration rushing to IMF for a bail out, the NDC government is now propagating deceitfully that it is seeking to reduce Ghana's import bill on rice, sugar, tomatoes, among other items, by encouraging the production of those commodities locally.

The question Ghanaians are asking is whether the NDC government thinks the people of this country believe they are realistic and serious about food production, when they have only two years to leave office. Agriculture, and food production in particular, is a priority that should have been started and developed since 2009. But unfortunately, they said they were still looking for ways to start it next year or so. We know they can cook figures to deceive Ghanaians, but they cannot cook figures to deceive the IMF. Can they?
KAAKYIRE 11 years ago

If I may ask, what compelled you the NPP to go borrowing at all in the first place? I'm asking this because NPP started by taking Ghana into HPPIC and therefore having every debt written off. If one debt is written off and yo ...
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If I may ask, what compelled you the NPP to go borrowing at all in the first place? I'm asking this because NPP started by taking Ghana into HPPIC and therefore having every debt written off. If one debt is written off and you come starting with another, but couldn't continue on a sound ground without borrowing then you are no better. You started the hardship mate. You are even worse.
NICHOLAS 11 years ago

Bawumia must realize that times are not always the same. If NPP borrowed a certain amount of money in a certain year, there is no rule which says NDC must also borrow the same amount of money in another year.

If Bawumia sa ...
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Bawumia must realize that times are not always the same. If NPP borrowed a certain amount of money in a certain year, there is no rule which says NDC must also borrow the same amount of money in another year.

If Bawumia says there is nothing NDC can show for the loans they have contracted, then he should tell us whose Banker Account the money is being kept. We don't have to politicized every issue.

NICHOLAS 11 years ago

BANK ACCOUNT

BANK ACCOUNT
KOLA, LONDON PROPER 11 years ago

This why this Dagarti economist has no brain at all and makes no sense here.

Ghanaians do not need such a Dagarti Economist to become leader of this nation as his thought process is restricted to his Dagati vicinity.Is the ...
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This why this Dagarti economist has no brain at all and makes no sense here.

Ghanaians do not need such a Dagarti Economist to become leader of this nation as his thought process is restricted to his Dagati vicinity.Is there any Logic in his comment? No sensible person will concur with his Dagarti claim.
KWAME- KSI 11 years ago

THIS USELESS,LONDON TOILET CLEANER IS AT IT AGAIN.A TROKOSI IDIOT WHO WILL DECLINE A FOWL GIFT BUT IS PREPARED TO STEAL IT.A N0.9 SWINE,AN INWARD LOOKING EWE WHOSE ONLY CLOTH IS CALICO,A LAZY BUM WHO IS SO JEALOUS OF HARD WOR ...
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THIS USELESS,LONDON TOILET CLEANER IS AT IT AGAIN.A TROKOSI IDIOT WHO WILL DECLINE A FOWL GIFT BUT IS PREPARED TO STEAL IT.A N0.9 SWINE,AN INWARD LOOKING EWE WHOSE ONLY CLOTH IS CALICO,A LAZY BUM WHO IS SO JEALOUS OF HARD WORKING ASHANTIS.
Mahmoud 11 years ago

The so-called professor that tried to embellish Nkrumah's economic record needs to go back to school. 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 back to school. 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 of 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. Could you imagine what the value of one billion dollars was in the early fifties? Again, after 2years of his rule, cocoa prices at the world market rocketed and increased four-fold. But contrary to any sound economic planning, he did not reserve any 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 the other natural resources, what did Nkrumah do with all that money he got from the astronomical cocoa prices and the big reserve he inherited, which took many years to build for our financial stability and sustainable development?

He just 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 useless 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 a stable economy, and left it nearly bankrupt in few years as a result of gross mismanagement.
One Man 11 years ago

I think u have educated yourself. Once there was debt cancellation, then the debt stock would have reduced. so your Almighty Bawumia should stop the comparison. U also understand that u borrow because of short fall in revenue ...
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I think u have educated yourself. Once there was debt cancellation, then the debt stock would have reduced. so your Almighty Bawumia should stop the comparison. U also understand that u borrow because of short fall in revenue.
Kojo T 11 years ago

Bawumia , what about the debt forgiven What did NPP do with the money The country is still Buy and sell Come with solutions else you are part of the problem USELES DOCTOR

Bawumia , what about the debt forgiven What did NPP do with the money The country is still Buy and sell Come with solutions else you are part of the problem USELES DOCTOR
Paa 11 years ago

The debt cancellation was not a one-off event. The benefit is still being enjoyed. Every year about $250m that should have left the country to service old debt (before HIPC accession) is saved.

The debt cancellation was not a one-off event. The benefit is still being enjoyed. Every year about $250m that should have left the country to service old debt (before HIPC accession) is saved.
KWAME O KWAME: PAPA PROPAGANDA 11 years ago

What is wrong with Bawumia and the NPP at all, at all...???

In the year 2009, the U.S. dollar to Ghana Cedi exchange rate was 1:1.25

While in 2014, the exchange rate is now 1: 3.16....

That means: Ghc 9.5 billion div ...
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What is wrong with Bawumia and the NPP at all, at all...???

In the year 2009, the U.S. dollar to Ghana Cedi exchange rate was 1:1.25

While in 2014, the exchange rate is now 1: 3.16....

That means: Ghc 9.5 billion divided by Ghc 1.25 equal USD 7.6 billion

Ghc65 Billion divided by 3.16 ghc equals USD 20 Billion

Needless to say NPP enjoyed debt forgiveness and HIPC RELIEF assistance programs.

Under NDC, the public wage bill has grown from $2 billion to $6 billion, not to mention all the AMAZING infrastructural development all over the country from schools to roads to GHANA Gas Plant etc...etc...etc...etc...etc...etc...etc...

BAWUMIA CAN ONLY FOOL THE NPPFUO.....TWEAAAA!!!

NPP SHOULD CLEAR OFFFFF!!!
SARPONG 11 years ago

Another fool who has no idea what hipc was about. Hipc forgave Ghana its external debts but did not give Ghana any money so what money are you idiot talking about?

Hipc rather made Ghana use the money that would have been ...
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Another fool who has no idea what hipc was about. Hipc forgave Ghana its external debts but did not give Ghana any money so what money are you idiot talking about?

Hipc rather made Ghana use the money that would have been used yearly to service our external debts put into a special account for specific or special projects and that is why some toilets and schools built were n tagged as hipc toilets and schools.

When Atta Mills became President, the Ndc inherited the hipc benefits too. Tell us what it did with this special hipc benefits.

Hipc still left Ghana 4.5 billion dollars internal debt that Kufuor and Npp administration has to pay.
Mr. Figure-Out 11 years ago

What has Borrowing got to do with debt relief? Or are you trying to suggest that NDC borrow to service Ghana debts? What kind of Trokosi thinking be this?

What has Borrowing got to do with debt relief? Or are you trying to suggest that NDC borrow to service Ghana debts? What kind of Trokosi thinking be this?

AMA 11 years ago

Take a look at the calendar. We are in 2014 going to 2015. There is inflation all over the world. Price of goods have gone up all over the world. So, borrowing will definitely be higher!!

Take a look at the calendar. We are in 2014 going to 2015. There is inflation all over the world. Price of goods have gone up all over the world. So, borrowing will definitely be higher!!
Barrow 11 years ago

abbey u are such a foolish Ghanaian .how can u be a concern Ghanaian??? I don't think u are educated u don't even know what's good n bad.all these facts is about the interest of the nation a whole Parliament is owning ecg one ...
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abbey u are such a foolish Ghanaian .how can u be a concern Ghanaian??? I don't think u are educated u don't even know what's good n bad.all these facts is about the interest of the nation a whole Parliament is owning ecg one milliongh, so disgusting that ecg only need one billion dollars to end crises n here's the case 27billion dollars borrowed for the economy yet nathing is seen and u none entity being like u kwaaaasiaaaaaaa succumb to me idiot
SARPONG 11 years ago

You are an idiot like the rest of Ndc fool soldiers . Do you know our debt comprise of internal and external debts? Hipc did not make Ghana debt free.

Our debt left by Rawlings Ndc was 8.7 billion dollars with 4.2 billion ...
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You are an idiot like the rest of Ndc fool soldiers . Do you know our debt comprise of internal and external debts? Hipc did not make Ghana debt free.

Our debt left by Rawlings Ndc was 8.7 billion dollars with 4.2 billion being external debt. It was this 4.2 billion dollars external debt that Hipc cleared leaving Npp government at that time 4.5 billion dollars internal debt, that is debt owed by the government to Ghanaian companies and individuals.

Hipc did not make Ghana debt free, moron. It is only an idiot that will not understand what Dr Bawumiah is saying.

Rawlings and Ndc bankrupted Ghana with 8.7 billion dollars with a GDP of only 3.7 billion dollars, a debt to Gdp ratio of of more than two to one. I don't even know if you understand what I am talking about.
KT 11 years ago

So how much debt did NPP leave within 8years?

So how much debt did NPP leave within 8years?
SARPONG 11 years ago

Npp left a debt of 8.2 billion dollars with a GDP of 17.8 billion dollars which was later rebased to 32 billion dollars having inherited a country from Ndc with only 3.7 billion dollars GDP.

Npp left a debt of 8.2 billion dollars with a GDP of 17.8 billion dollars which was later rebased to 32 billion dollars having inherited a country from Ndc with only 3.7 billion dollars GDP.
LARYEAH 11 years ago

WO MAAME TWE FUNYAA!

WO MAAME TWE FUNYAA!
Insida 11 years ago

Thank u Abbey..these ignorant fools will refuse to learn..but jump at anytin said by that bawumia guy...bawumia..there's a big difference between. .2000-8 nd 2008-14..check de world market..aboa

Thank u Abbey..these ignorant fools will refuse to learn..but jump at anytin said by that bawumia guy...bawumia..there's a big difference between. .2000-8 nd 2008-14..check de world market..aboa
karbokaboooooo 11 years ago

Bawumianomics,every evonomics that is associated with lies,falsehood,deceit etc eill be known as bawumianomics.

Bawumianomics,every evonomics that is associated with lies,falsehood,deceit etc eill be known as bawumianomics.
MARY 11 years ago

Npp that money went into your packet
THIEF KUFOUR USED TO BUY A HOTEL

Npp that money went into your packet
THIEF KUFOUR USED TO BUY A HOTEL
Kwame Sense 11 years ago

Remember the cost of items you bought or used last eight years is not the same at present. There is inflation worldwide.

Remember the cost of items you bought or used last eight years is not the same at present. There is inflation worldwide.

The 11 years ago

Did you think at all before commenting. First of all inflation is not worldwide it is localised, if run your economy well you can reduce inflation, didn't the same NDC make so much noise about single digit inflation under lat ...
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Did you think at all before commenting. First of all inflation is not worldwide it is localised, if run your economy well you can reduce inflation, didn't the same NDC make so much noise about single digit inflation under late Prof Mills? how did the cost of items under 8 years of NPP increase under the 6 years of NDC, mismanagement of the economy. The NDC government is just useless.
Jonas frm canada 11 years ago

Kwame stop fooling ur self.

Kwame stop fooling ur self.
Kwame Sekyere 11 years ago

Let's call ihm Kwame Nonsense.

Let's call ihm Kwame Nonsense.
Kofibabone\ 11 years ago

i thought during the Atta Mills era inflation digit was single? So why shd inflation boost up borrowing? ndc is a bigtime failure

i thought during the Atta Mills era inflation digit was single? So why shd inflation boost up borrowing? ndc is a bigtime failure
SARPONG 11 years ago

Listen to these Ndc morons. Didn't ndc say they reduced inflation from the 18 percent in 2009 to single digits?

Do you know what the inflation figure was in 2001 when Npp came to power? It was 42 percent . The "huhudious" ...
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Listen to these Ndc morons. Didn't ndc say they reduced inflation from the 18 percent in 2009 to single digits?

Do you know what the inflation figure was in 2001 when Npp came to power? It was 42 percent . The "huhudious" gargantuan borrowing by Ndc has nothing to do with inflation.
Abbey 11 years ago

Bawumia, you're not making any sense at all. So despite, the debt cancellations & huge monies you received from the international community, you still borrowed?.
I will rather give credit to NDC to borrowed less. Bawumia, y ...
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Bawumia, you're not making any sense at all. So despite, the debt cancellations & huge monies you received from the international community, you still borrowed?.
I will rather give credit to NDC to borrowed less. Bawumia, you're a disgrace to the intellectual community.
Yaa 11 years ago

This will come as a great shock to our NDC friends trying to rain on Dr Bawumia's parade. But surprised though they will be, let's state simple facts: even the richest governments in the world borrow money to balance the book ...
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This will come as a great shock to our NDC friends trying to rain on Dr Bawumia's parade. But surprised though they will be, let's state simple facts: even the richest governments in the world borrow money to balance the books.

NPP borrowed modest sums after the debt forgiveness for Ghana, and those modest sums were spent on everything from the subsidized Metro Mass transit buses to free healthcare to the School Feeding Programme to the mass cocoa spraying exercise that brought record crop yields to the Accra-Aburi road to our new national sports stadiums.

What is there to show for the huge sums of cash NDC has borrowed and spent, in return for no work done?
KT 11 years ago

For NPP striking workers.

For NPP striking workers.
Obed Adore 11 years ago

I tend to think along this line too.. So, with joining HIPIC and all the debt cancellation, NPP still managed to create a $9 Billion deficit?... And still went ahead and packaged the most luxurious retirement package for thei ...
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I tend to think along this line too.. So, with joining HIPIC and all the debt cancellation, NPP still managed to create a $9 Billion deficit?... And still went ahead and packaged the most luxurious retirement package for their President Kufuour. As if that was not enough waste, NPP spent a huge amount on stupid chains themselves.
the truth 11 years ago

whiles they insinuate mahama as Pepe you blindly forget who you are, see the difference in the borrowing? borrowing to build gas, factories, roads etc and not selling Ghana Telecom, Ghana airways, buying dog chains, unproduct ...
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whiles they insinuate mahama as Pepe you blindly forget who you are, see the difference in the borrowing? borrowing to build gas, factories, roads etc and not selling Ghana Telecom, Ghana airways, buying dog chains, unproductive Presidential initiatives etc are two different games. keep on deceiving yourself that you belong to the Ashanti Akyem groups.
Kobby 11 years ago

I'm sorry to say but u just don't understand basic economics. I thought with this simple breakdown n explanation that a JHS pupil can make very sensible analysis, a grown up like u made this comment. Sorry for your level of i ...
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I'm sorry to say but u just don't understand basic economics. I thought with this simple breakdown n explanation that a JHS pupil can make very sensible analysis, a grown up like u made this comment. Sorry for your level of illiteracy
SALINSA 11 years ago

you make very solid points. next time take out any trace of ethnicity

you make very solid points. next time take out any trace of ethnicity
Kojo 11 years ago

NPP borrowed with nothing much to show except the Jubilee house, hotel Kuffour and uncompleted dam which Atta Mills sourced funds to complete.

Under NDC we are seeing primary and secondary roads constructed, new school bui ...
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NPP borrowed with nothing much to show except the Jubilee house, hotel Kuffour and uncompleted dam which Atta Mills sourced funds to complete.

Under NDC we are seeing primary and secondary roads constructed, new school buildings, gas plants, expansion of the two major habours; construction of fish landing bays, new regional and district hospitals (including the new teaching hospital at the University of Ghana, new 37 military hospital and expansion works at both KATH and Korle bu), expansion of water supply infrastructure (Akuse expansion just completed, that in Takoradi is ongoing) and many more. there are things to show for the funds. it was not for paying salaries as NPP did with the Euro-bonds
KANAWU. (U.S) 11 years ago

Did you say it was Atta Mills who sought fund to build the Bui Dam? This is false.

I think you are short of facts!! The money was ready from China, please do research on that.

Did you say it was Atta Mills who sought fund to build the Bui Dam? This is false.

I think you are short of facts!! The money was ready from China, please do research on that.
DAN 11 years ago

was the money donated to Ghana in exchange for free, unlimited visa's to China gold miners....Go back to cleaning your boss toilet,,,nigger

was the money donated to Ghana in exchange for free, unlimited visa's to China gold miners....Go back to cleaning your boss toilet,,,nigger
CHA 11 years ago

kojo u are behind a fool- accra to cape coast road, the N1 highway , two new stadiums (sekondi and tamale) bui dam etc what a sorry a s s

kojo u are behind a fool- accra to cape coast road, the N1 highway , two new stadiums (sekondi and tamale) bui dam etc what a sorry a s s
PRINCE KWASI ADADE (OFIE) 11 years ago

AUTHOR: SEE BELOW----------------------------
It would be recalled that before Election 2000, the Rawlings's P/NDC had ruled Ghana for 19 solid years. This era, as we all know, was marked by human rights abuses, tribalism, c ...
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AUTHOR: SEE BELOW----------------------------
It would be recalled that before Election 2000, the Rawlings's P/NDC had ruled Ghana for 19 solid years. This era, as we all know, was marked by human rights abuses, tribalism, corruption, economic hardship, cash and carry system, and more seriously, serial killings of women.

What then did President John Agyekum Kufuor and his NPP do with the power given him between 2001 and 2009? This write-up seeks to find the answer under social infrastructure, policies & programmes, and good governance.

ON SOCIAL INFRASTRUCTURE • Kufuor's tenure witnessed the construction of two new sports stadia at Essipong and Tamale; the rehabilitation of both Accra and Kumasi sports stadia, and another sports complex in Cape Coast.

• Under Kufuor, a new Presidential Palace was built to house the president and his family; the Accra-Tema commuter railway line was constructed, and the Keta Sea Defence wall was built to protect the people of Keta.

• A $622m loan was secured for the construction of the Bui Dam & Bui City Project; the Boankra Inland Port was started (now abandoned); major feeder and trunk roads (Accra-Kumasi-Aflao-Kasoa-Cape Coast, Aburi), several by-passes in Accra and Kumasi including the Sofoline and Asafo interchange, and George Walker Bush 14km High Way were all constructed.

• The Peduase Lodge, which had been abandoned was restored; several boreholes were drilled to end the perennial water problems in Cape Coast and Tamale; the Aboadze Thermal Plant was expanded; the Kofi Annan ICT Centre for Excellence, and state-of-the art wood village at Sokoban in Kumasi for Anloga carpenters were all built.

• Another legacy of Kufuor is the construction of the Accident and Emergency Centre with a landing base at the Komfo Anokye Teaching Hospital (KATH). This has saved several precious lives.

• Besides, 56 existing senior high schools were upgraded as Model Schools; two institutions (University of Education, Winneba, and University of Mines & Technology) were given autonomy to run as public universities, UDS had Campuses at Wa and Bolgatanga, 21 new senior high schools, 1,334 new JHS blocks, 1,331 primary schools, and 5,164 pre-schools were built.

• Also, over 5,000 affordable housing units at various parts of the country were built. A cocoa processing plant was built in Kumasi. The West African Gas Pipe Line was nearly completed. There was expansion of the road network from 39,000 km of accessible roads to 65,000 km by 2008.

• The Ghana @ 50 ‘legacy’ projects like recreational parks, renovation of public buildings, and historical monuments across all the 10 regions and their district capitals were built. The government also built 14 fishing harbours in our fishing communities.

ON POLICIES & PROGRAMMES • The Kufuor government introduced free basic education through the capitation grant (fee- free). There was school feeding programme where pupils from some selected public basic schools were given one hot meal a day.

• The National Health Insurance Scheme was introduced to replace the cash and carry system and make health care affordable. There was also the introduction of free maternal care to reduce child mortality.

• The government frequently released brand new buses to GPRTU, and introduced the metro mass transit, replaced the Ghana Airways with Ghana International Airlines (all meant to improve the transportation system.

• The NPP introduced the Northern Development Fund with a US$25m seed fund to reduce the North-South poverty gap; free bus ride for school kids, brought Zoom Lion Company Limited to rid our cities of filth, created Youth Fund with a $50m seed money and instituted the National Youth Employment Programme, which rolled out seven programmes including community police, teaching assistance, health care, agric extension, etc to reduce the country’s high unemployment.

• Kufuor also introduced the mass cocoa spraying exercise, frequently increased the producer price of cocoa; subsidised fertilizer, and made prompt payment of bonuses to cocoa farmers.

• In his quest to mechanise agriculture, the Kufuor government imported 3,331 brand new tractors, but unfortunately, Mahama Ayariga, and Alban Bagbin used their positions in government to buy some at only GHC1,000.

• The annual cocoa yield increased from 350 metric tonnes in 2000 to 750 metric tonnes in 2006 with an income of US$1bn to the economy. By 2010, Ghana had hit 1m cocoa production. This feat alone moved Ghana from the 4th position to the 2nd position in terms of the world’s leading producers of the product.

• The size of the Ghana's economy quadrupled from US$3.9m in 2008 to US$16.3m in 2008, thus ending the year with GDP growth rate of 8.4%.

• Whilst inflation was reduced from 40% in 2000 to 9.8% in 2006 (single digit) and later 18% in 2008, interest rate fell from 50% to 25% during the period under consideration. The daily minimum wage was increased from 42Gp (4,200 old cedis) in 2000 to GHC2.25 (22,500 old cedis) in 2009.

• A New Education Reform was put in place in 2007 with special emphasis on Maths, Science, Vocational and ICT. Kindergarten education officially became part of our basic education system.

• The admission of JHS graduates into SHS was computerised to reduce corruption and hassle of parents; there was Baah-Wiredu Laptop project aimed at giving one laptop to every school child.

• All the 38 Teacher Training Colleges were upgraded into tertiary status (Colleges of Education); Distance education programme was introduced for teachers and workers.

• The government also introduced Untrained Teacher Education Programme for Pupil Teachers to become trained teachers, Access Course to Teacher Training Colleges for SHS graduates who could not do well in Maths and English. The purpose was to upgrade the knowledge of the teacher, beef up the teacher population, and subsequently help to address the falling educational standards in the country.

• Private universities sprung from 4 to over 50, whilst existing infrastructure in the public universities and other public tertiary institutions were expanded through the GETFund.

• The SSNIT Loan Scheme was restructured for students to take more loans. Plans were far advanced to start not only Single Spine Salary Structure for public sector workers, but also a new 3-tier pension scheme for both private and public sector workers.

ON GOOD GOVERNANCE • His Excellency, President J. A. Kufuor tolerated all shades of opinion and verbal abused from ‘Dr.’ Asemfoforo, an NDC paid serial caller, and J. J. Rawlings, who at one time referred to the then sitting President as ‘Ataa Ayi’ - a notorious armed robber.

• Ghanaians witnessed the National Reconciliation; the reburial of three former heads of state namely; Okatakyie Afrifa, Gen. I.K. Acheampong and Gen. F.W.K Akufo and five senior military officers, who were executed in 1979 by J. J. Rawlings.

• In addition, over 100 assets of noble and hard working citizens seized by J.J. Rawlings were deconfiscated to their owners.

• The criminal libel and seditious laws which had provided 10 years’ maximum imprisonment for offenders was repealed. The People’s Assembly concept which made it possible for Ghanaians to interact with the President and his Ministers on yearly basis was instituted.

• There was all-inclusive governance with the likes of Mallam Issah (PNC), Dr. Paa Nduom, Prof. Badu Akosah, Prof. Hagan - all CPP leading members, working under the NPP administration. Kufuor also facilitated the appointments of Dr. Ibn Chambas as the Secretary General of ECOWAS, and Ekwow Spio-Garbrah as Chief Executive Officer of CTO.

• Kufuor created 60 additional districts and raised some of them to municipal & metropolitan status to facilitate local governance. The District Assembly Common Fund was increased from 5% to 7.5%.

• There was a plethora of FM Radio stations, regular media encounters with the President, broadcasting of news in the major local dialects on the Ghana Television (GTV), which hitherto had been in English and Akan.

• The Kufuor government passed the Representation of the People Amendment act (ROPAA) into law to enfranchise Ghanaians in the diaspora, though Afari Gyan failed to make it operational.

• Kufuor should also be commended for the expansion of mobile phone network across the length and breadth of the country as he removed tariffs on mobile phone importation.

• Kufuor created a Ministry for Public Sector Reform with the view to developing a new and positive mindset for public sector workers; Ministry of Women and Children’s Affairs to empower women and improve their lot; and the Ministry of Chieftaincy Affairs to tap the rich expertise of our noble traditional leaders.

• Also, June 4 and the 31st December were removed from the statute books as public holidays. The 64th Infantry Regiment were disbanded to other units to ensure discipline in the Armed Forces.

• Kufuor featured regularly at all G-8 Summits. His excellent diplomatic relations with world leaders enabled Ghana not only to attract attention and investment worldwide, but also he was unanimously elected to chair both the African Union (AU) and the Economic Community of West African States (ECOWAS). Under his leadership, Ghana had the opportunity to assume the rotational presidency of the UN Security Council.

• President Kufuor also won several international awards including the Chatham House Prize Award in 2008 as a result of peace and economic growth which characterised his two terms in office. No wonder he was given a rousing welcome by Her Majesty, Queen Elizabeth II of England.

• Again, President Kufuor took a leading role in mediating in regional conflicts including those in Liberia, La Cote D’Ivoire, Kenya, Sudan, and Zimbabwe.

• As a true democrat, he was even criticised by his own party members and sympathisers for not hanging onto power before the Tain by-elections when the NPP’s Presidential Candidate, Nana Akufo-Addo was leading in the 2008 Presidential elections.

• Kufuor is on record as the only President who left office in the peaceful manner in which he entered it. This is indeed a lasting legacy because all his predecessors were either overthrown by the military or metamorphosed themselves into civilian presidents.

• Kufuor introduced the Livelihood Empowerment Against Poverty (LEAP) programme, where the aged and other vulnerable people in Ghana were paid monthly allowances of between 8 and 15 Ghana cedis.

• Under President Kufuor's leadership, Ghana became the first sub-Saharan African country to cut in half the proportion of its people who suffer from hunger. He and LUIZ DA SILVA of Brazil jointly received the 2011 World Food Prize.

• He introduced micro finance loans to help small and medium-scale businesses, the Export Development Fund (EDIF), the African Growth and Opportunity Act (AGOA) which makes it possible for local producers to access the US market, as well as, the Ghana Poverty Reduction Programmes I & II were all aimed at improving the lot of Ghanaians.

• The Kufuor-led NPP administration purchased VALCO from the Americans at a cosmic sum of US$20m.

• On corruption, a minister of state under his administration was charged for wilfully causing financial loss to the state and together with other members of the previous government, was sentenced to a prison term.

• Ghana was the first country in Africa to submit herself to the African Peer Review Mechanism (APRM). It would also interest readers to note that for the first time in 50 years, Ghana under the leadership of Kufuor earned a respectable B+ rating on the international financial scene in 2006 and this indeed, facilitated the country’s successful bid to access over US$ 750m from the Eurobond market.

• The passage of the Public Procurement Act, Financial Administration Act, Internal Audit Agency Act, which made the agency exceed its revenue target every year, the Office of Accountability Act, the Whistle Blowers Act, the importation of new police uniforms and over 1000 police vehicles to combat crime, the Right to Information bill, the establishment of Fast Track High Courts, the strengthening of state institutions like the SFO, CHRAJ, among others, were all geared towards the eradication of this social evil in the Ghanaian society.

• Last but not the least, Ghana under Kufuor’s reign became the largest recipient of Millennium Challenge Account funds of US$547m to combat poverty in Ghana. The bilateral and multilateral debt cancellations as a result of Ghana joining the Heavily Indebted and Poor Countries (HIPC) initiative and the UN's and World Bank’s lucrative jobs for His Excellency, J. A. Kufuor even before the 2008 general elections make him stand tall among his contemporaries. He made Ghana, an oil producing country as oil was struck in commercial quantities in 2010.

How could the excellent record enumerated above be a factor to the NPP's electoral defeat? I leave it for the judgement of the Ghanaian voter in 2016.

God bless Ghana! God bless the NPP!! God bless Kufuor!!!

Katakyie Kwame Opoku Agyemang, Asante Bekwai-Asakyiri (Free SHS Ambassador) Official blog: (www.katakyie.com) katakyienpp@yahoo.co.uk 0202471070 : 0264931361 : 0547851100
james in exile 11 years ago

Those of us let ghana long time because of jj thank u 4 picture ghana under 'k4. , the problem is ghanain don't like good thing their like to suffer they like 2 help togoles. 2. Rob the development of ghana into animal kingdo ...
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Those of us let ghana long time because of jj thank u 4 picture ghana under 'k4. , the problem is ghanain don't like good thing their like to suffer they like 2 help togoles. 2. Rob the development of ghana into animal kingdom we would all suffer,
Substitute Teacher 11 years ago

What primary and secondary roads? Do you really live in Ghana? Are trying to take credit for projects which were already being worked on? Please do your research before you comment because "fool me once shame on you but fool ...
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What primary and secondary roads? Do you really live in Ghana? Are trying to take credit for projects which were already being worked on? Please do your research before you comment because "fool me once shame on you but fool me twice the shame is on me".

This government with all the added oil resource cannot pay workers their monthly wages but instead of hiding your face in shame you still run your mouth.
Nana Yaw 11 years ago

NPP borrowed during the global surplus economy when Ghana was the number one recipient of "free monies" from our donor "colonial masters" as reward for being the poster child of winner takes all multiparty democrazy! Even Spa ...
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NPP borrowed during the global surplus economy when Ghana was the number one recipient of "free monies" from our donor "colonial masters" as reward for being the poster child of winner takes all multiparty democrazy! Even Spain, Pakistan, Ireland, India, Nigeria, etc., gave us aid and grants during the global surplus economy. NDC came to power in a deep global recession. Bawumia is blind and dishonest. The neo-cons are making similar nonsensical argument against Obama in the USA!!!
old monk 11 years ago

Bawumia adi emia. all you are doing will come to zero. remember aliu mahama.

Bawumia adi emia. all you are doing will come to zero. remember aliu mahama.
Yaw Ghana 11 years ago

You went HIPIC, had debts cancelled, received free monies, sold Ghana Airways, Ghana Telecom and still borrowed?? Clueless. All u want is power at any cost. All die be die.

You went HIPIC, had debts cancelled, received free monies, sold Ghana Airways, Ghana Telecom and still borrowed?? Clueless. All u want is power at any cost. All die be die.
DAN 11 years ago

ndc= NIGGER DICKSUCKING CREW

ndc= NIGGER DICKSUCKING CREW
SARPONG 11 years ago

Ndc fool soldiers should go to school. What free money did Npp receive? Talking about selling companies, Ndc sold more than 300 companies including Blackstar lines, Ashanti goldfields, Ghana commercial bank, Ghana owned hotel ...
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Ndc fool soldiers should go to school. What free money did Npp receive? Talking about selling companies, Ndc sold more than 300 companies including Blackstar lines, Ashanti goldfields, Ghana commercial bank, Ghana owned hotels, even Ghana Telecom you are talking about, Rawlings ndc sold 30 percent of it for $45 million.

Mangoadze Fishing company was given to Rawlings friends for free and others like Ghanacan, Aboadze Glass factory were given to family members.
Ibn Batuta 11 years ago

Well, Badwumia, tell us about the billions of HIPIC you and your govt. stole.

Well, Badwumia, tell us about the billions of HIPIC you and your govt. stole.
Atokwame451 11 years ago

Bawumia should try to say the truth. You are a lie and you are loosing my respect.

Bawumia should try to say the truth. You are a lie and you are loosing my respect.
ACCRAMAN 11 years ago

You borrow according to your debt(how much you owe). NPP left so much debt for NDC to borrow so much to try and clear the debt.

NPP is just jealous, because the more you borrow, the more you can steal. NPP is becoming rest ...
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You borrow according to your debt(how much you owe). NPP left so much debt for NDC to borrow so much to try and clear the debt.

NPP is just jealous, because the more you borrow, the more you can steal. NPP is becoming restless because they can foresee losing the 2016 elections and are shitting their pants mightily.
CALABASH 11 years ago

The Mahama NDC gov't is operating a form of "financial management" called "contract to loot, tax and loot" with the result that, the country has earned the unenviable accolade of the "republic of corruption", one of numerous ...
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The Mahama NDC gov't is operating a form of "financial management" called "contract to loot, tax and loot" with the result that, the country has earned the unenviable accolade of the "republic of corruption", one of numerous firsts of the Mahama NDC gov't, with the country sinking further and further into the very pits down below.
Within 6years, the Mahama NDC gov't has added a whooping amount of over Ghc56billion new Ghana cedis, with absolutely nothing to show for it.
The educational sector is collapsing, the health sector is collapsing, energy sector has collapsed, water sector has collapsed, the economy and the finances of the country has collapsed, private enterprise is collapsing, industry is collapsing.
Indeed the Mahama/Amissah Arthur NDC gov't's hurricane of incompetence, underpinned by looting and grotesque thievery which has been visited on the country, is yet to be witnessed ever in the history of governance in the country, and has served to send Ghana back by about 20years, after inheriting a lower middle income economy, without oil after just 8 years of the NPP administration, who by the way inherited an economy in the doldrums, in the year 2000, under this same NDC party.
One does not need a soothsayer or an oracle to lay the facts down, hard and fast, that the Mahama NDC gov't has been bad for the country, is very bad for the country, and would be very, very bad for the country. The facts speak for themselves and going forward, it's absolutely and evidentially clear, that the Mahama/Amissah Arthur NDC gov't is massively booted out at the ballot box in 2016. Ghana needs a new direction and a new focus away from the "contract to loot, tax to loot" type of governance underpinned by a hurricane of incompetence, which is sending the country deeper and deeper into the farthest reaches of the bottomless pit. The Mahama NDC gov't needs to go.
Basty 11 years ago

INFACT BAWUMIA IS THE MOST STUPID PHD I HAVE COME ACROSS JUXTAPOSE IT IS TRUE THAT NPP BORROWED $5.5BILLION AND NDC HAVE SO FAR HAVE BORROWED $27BILLION, GIVEN A TOTAL NATIONAL DEBT OF $32.5 BILLION. HOW COME A TOTAL NATIONA ...
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INFACT BAWUMIA IS THE MOST STUPID PHD I HAVE COME ACROSS JUXTAPOSE IT IS TRUE THAT NPP BORROWED $5.5BILLION AND NDC HAVE SO FAR HAVE BORROWED $27BILLION, GIVEN A TOTAL NATIONAL DEBT OF $32.5 BILLION. HOW COME A TOTAL NATIONAL DEBT OF $32.5BILLION BE EQUIVALENT TO GHS 65.7 BILLION WITH THE CURRENT CEDI DOLLAR EXCHANGE RATE ?
DOES THIS IDIOT SO BAWUMIA THINKS ALL GHANAIANS ARE SHALLOW MINDED LIKE THEIR NPP SUPPORTERS.
Ugly Akufo Addo 11 years ago

You only n share it among urself , Bawumia u cant point at any developmental under npp , NDC borrowed n be building sugar factory , borrowed n built Atuabo gas factory , ,just to mentioned a few , Bawumia an idiots fool

You only n share it among urself , Bawumia u cant point at any developmental under npp , NDC borrowed n be building sugar factory , borrowed n built Atuabo gas factory , ,just to mentioned a few , Bawumia an idiots fool
STEVOOOO... 11 years ago

Open ur eyes fantis, ewes, northerners....... NDC WILL SOON DEEPEN UR POVERTY IN GHANA...

Open ur eyes fantis, ewes, northerners....... NDC WILL SOON DEEPEN UR POVERTY IN GHANA...
abodam!!! 11 years ago

Oh the money? Yekye adi!! Hahaha

Oh the money? Yekye adi!! Hahaha
Kwame 11 years ago

This is a type of person Ghana need. He give the facts and the state of our beloved Country. Ghanaians listen to this son of our mother land. We should try to bring NPP back to power in 2016. Ndc government is killing Ghanaia ...
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This is a type of person Ghana need. He give the facts and the state of our beloved Country. Ghanaians listen to this son of our mother land. We should try to bring NPP back to power in 2016. Ndc government is killing Ghanaians softly every passing day and this must be stopped. Ndc stop borrowing.
Yen Akanfuo 11 years ago

Namacortics and his narcotics peddlers party members are evil minded characters

Namacortics and his narcotics peddlers party members are evil minded characters
Nii 11 years ago

Nkrumah s legacies are still around,Acheampongs legacies are there to see,Rawlings legacies are there,even before Prof died his legacies started manifesting. For 8 years Kufour and NPP should show us any economically viable v ...
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Nkrumah s legacies are still around,Acheampongs legacies are there to see,Rawlings legacies are there,even before Prof died his legacies started manifesting. For 8 years Kufour and NPP should show us any economically viable venture they left. The problems of today are the results of truncated 8 yrs of nothing in terms of real investment in infrastructure and Bawumia thinks to be in government is just to be in the office. NPP can choose to discount the investments that Mahama is making but they can tickle themselves and laugh. We the people know meaningful leaders but not those who really created and shared 5.5bn with nothing to show
Yen Akanfuo 11 years ago

Npp borrowed but has nothing to show because it show.

Npp borrowed but has nothing to show because it show.
peace joyland 11 years ago

And so what? The house keeping money you were giving to your wife at that time, do you still give the same amount?

And so what? The house keeping money you were giving to your wife at that time, do you still give the same amount?
OWEN,NEW YORK. 11 years ago

The youths should not take things for granted,sending comic comments on the ghanaweb. When leaders in some countries are seriously planning for the future of their youths,Ghana government is pilling debt for our youths to pay ...
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The youths should not take things for granted,sending comic comments on the ghanaweb. When leaders in some countries are seriously planning for the future of their youths,Ghana government is pilling debt for our youths to pay in future.Is this not wickedness.Some of the youths are following this government blindly because they are less educated to understand the whole issue at stake. The youths should bear in mind that they will likely earn absolutely nothing from the numerous oil fields , because almost all future production proceeds have been used as collateral for the N.D.C loans.The Chinese will soon take over the entire oil field .
OWEN,NEW YORK. 11 years ago

THE OIL FIELDS ARE USED FOR COLLATERAL FOR THE N.D.C NUMEROUS USELESS LOANS. WHERE LIES THE FUTURE OF OUR KIDS ? DEBTS. THE YOUTHS OF GHAHA MUST THINK AND STOP PLAYING WITH THEIR FUTURE. COME AND SEE HOW LEADERS IN AMERICA AR ...
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THE OIL FIELDS ARE USED FOR COLLATERAL FOR THE N.D.C NUMEROUS USELESS LOANS. WHERE LIES THE FUTURE OF OUR KIDS ? DEBTS. THE YOUTHS OF GHAHA MUST THINK AND STOP PLAYING WITH THEIR FUTURE. COME AND SEE HOW LEADERS IN AMERICA ARE PLANNING FOR THE FUTURE OF THEIR YOUTHS WHO WILL BE THEIR FUTURE LEADERS.
Osibisa 11 years ago

The economic performance and trends of today are not the same as eight years ago.

The economic performance and trends of today are not the same as eight years ago.
fabu 11 years ago

So are you happy what's going on in Ghana after all this huge amount been borrowed? That money can even end dumsor we experiencing now. You mean to tell us $27 billion are spent within 6 years is nothing to talk about. Do you ...
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So are you happy what's going on in Ghana after all this huge amount been borrowed? That money can even end dumsor we experiencing now. You mean to tell us $27 billion are spent within 6 years is nothing to talk about. Do you want ghana better? I don't think so, may be you are not feeling the hardship we r living here.
Victor A. Young 11 years ago

Hmmm, Doctor Bawumia, every Ghanaian knows what ex-Prez. Kuffour did in 8yrs for Ghana, as against the 19yrs of misrule and torture etc. by Rawlings and his AFRC/P-NDC gang. Now they're back again in power through election fr ...
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Hmmm, Doctor Bawumia, every Ghanaian knows what ex-Prez. Kuffour did in 8yrs for Ghana, as against the 19yrs of misrule and torture etc. by Rawlings and his AFRC/P-NDC gang. Now they're back again in power through election fraud and wish things could go on smoothly for their clueless and incompetent gov't. Tweaaaa!

The evidence is clear for all to see; election fraud has caused all the economic hardship that Ghanaians find themselves in right now. Meanwhile Rawlings spear-headed their dirty campaign against Kuffour and the NPP. The facts are there for all to tap into. Kuffour did a great deal for the ordinary man; what did the NDC do apart from killing during those dark years? But everyone knows who and where the problem came from. NDC is a bunch of clueless and incompetent gov't wanting to foist their will on Ghanaians. No-way!
kki 11 years ago

The value is the same

The value is the same
Jones wewurah 11 years ago

We must not be like mahama who belongs to the evil one and killed his master,and why did he kill him?because mahama had been doing what was evil,and his master has been doing what was righteous.so don't be surprise dear broth ...
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We must not be like mahama who belongs to the evil one and killed his master,and why did he kill him?because mahama had been doing what was evil,and his master has been doing what was righteous.so don't be surprise dear brothers and sisters,if mahama hate the people of Ghana.1john3v12to 13 go read.
Loway 11 years ago

You will borrow more.things are not the same,different times.the value is not the same,(when you change the money)because of you

You will borrow more.things are not the same,different times.the value is not the same,(when you change the money)because of you
DDKT 11 years ago

Npp gov't borrow more than the 5 billion

Npp gov't borrow more than the 5 billion
Jones wewurah 11 years ago

Look at this useless comments

Look at this useless comments
Kwesi 11 years ago

Unfortunately, there is no campaign message in this. Tell us what you will do differently. By election time 2016, you will be dazed by what NDC will be showing with what they have done with the loans. Did you hear Ursula Owus ...
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Unfortunately, there is no campaign message in this. Tell us what you will do differently. By election time 2016, you will be dazed by what NDC will be showing with what they have done with the loans. Did you hear Ursula Owusu of all saying that she will no longer say that the President did not do anything in her constituency? When Atta mills died you all went praising him for all the schools he has built. I am yet to see one school that the NPP built when in power. Where are the model senior high schools?
Jones wewurah 11 years ago

Which loan?they have shared among themselves boy wakeup the boat is sinking ok

Which loan?they have shared among themselves boy wakeup the boat is sinking ok
Kohia 11 years ago

1. The times are not the same
2. $5.5bn x 500% which is the increase in price of items after change in currency =$27.5bn
I'm using ordinary pure-water for the analysis. What about expensive commodities. Ghanaians are not fo ...
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1. The times are not the same
2. $5.5bn x 500% which is the increase in price of items after change in currency =$27.5bn
I'm using ordinary pure-water for the analysis. What about expensive commodities. Ghanaians are not fools
In my view the poor can never survive under NPP.
Bashiru manhyia Sauth Nasara codinato 11 years ago

Only evil person will say he can't see any development under Npp jubilee oil field .Nhis.school feeding.capitation.metro mass transit system.jubilee house.peduasi lodge.mallam road.kumasi Accra road.free maternity.leap servic ...
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Only evil person will say he can't see any development under Npp jubilee oil field .Nhis.school feeding.capitation.metro mass transit system.jubilee house.peduasi lodge.mallam road.kumasi Accra road.free maternity.leap service.Tarkwa university of allied of mines.tamale stadia .Essipong stadia .kumasi Accra stadium renovated into morden stadia etc I can mention all Ndc is just a waist of time Ghanaians should change immediately k
SALINSA 11 years ago

compare the interchange @ TETTEH QUARSHIE circle constructed by KUFFOUR & the 1 being constructed @ KWAME NKRUMAH CIRCLE MAHAMA.

value the same?

compare the interchange @ TETTEH QUARSHIE circle constructed by KUFFOUR & the 1 being constructed @ KWAME NKRUMAH CIRCLE MAHAMA.

value the same?
D.K 11 years ago

another useless talk, NDC is office for 2920 days onli 1 day will be tragedy for the country,Dr.find the ways of convincing Ghanaian rather than this kind of analysis

another useless talk, NDC is office for 2920 days onli 1 day will be tragedy for the country,Dr.find the ways of convincing Ghanaian rather than this kind of analysis
Kwame Yentumi 11 years ago

Even,U.S.A.borrow this is no news.Tell us what you will do.And stop roaming all over the place with your little know it all.Stay in your homeland,cause all politics are local. How manytimes you hear Western leaders campigning ...
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Even,U.S.A.borrow this is no news.Tell us what you will do.And stop roaming all over the place with your little know it all.Stay in your homeland,cause all politics are local. How manytimes you hear Western leaders campigning,outside from their country.Are you not ashame?Dr. Pinksheet lair.Stay home, don't come to Canada with your lies.
YEBOAH 11 years ago

BAMUMIA IS SUCH UNGRATEFUL PERSON. AFTER THE NDC 1 USED ALL OUR MONEY TO TAKE CARE OF U AND TO SCHOOL U TILL YOU ATTAIN A VERY USELESS PHD. POOR NDC.

BAMUMIA IS SUCH UNGRATEFUL PERSON. AFTER THE NDC 1 USED ALL OUR MONEY TO TAKE CARE OF U AND TO SCHOOL U TILL YOU ATTAIN A VERY USELESS PHD. POOR NDC.
onipanua 11 years ago

NONSENSE!!!,WHY DON'T YOU TELL GHANAIANS THE TRUE STATE OF THE WORLD ECONOMY DURING KUFFUOR'S REIGN AND NOW? ONLY THE ILLITERATE AND THE GULLIBLE WILL BELIEVE SUCH POLITICAL STEMENTS FROM YOU.ANYWAY BEHIND YOUR BACK THE NPP S ...
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NONSENSE!!!,WHY DON'T YOU TELL GHANAIANS THE TRUE STATE OF THE WORLD ECONOMY DURING KUFFUOR'S REIGN AND NOW? ONLY THE ILLITERATE AND THE GULLIBLE WILL BELIEVE SUCH POLITICAL STEMENTS FROM YOU.ANYWAY BEHIND YOUR BACK THE NPP SEES YOU AS A 'PEPENI'.THEY ARE ONLY USING YOU FOR VOTES FROM THE NORTH.
Pee 11 years ago

it does not matter how much you borrow but how you use the money to benefit the nation.

it does not matter how much you borrow but how you use the money to benefit the nation.
Kwesi 11 years ago

Bawumia should shut up. Where does he think the BoG gets the money to pay him a pension when he's not of pensionable age. All these people milking the state and turning round to criticise it. He should come clean on why he ha ...
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Bawumia should shut up. Where does he think the BoG gets the money to pay him a pension when he's not of pensionable age. All these people milking the state and turning round to criticise it. He should come clean on why he has been enjoying BoG pension since 2008 eventhough he resigned. Such hypocrites
ben usher jr 11 years ago

Bawumia is a foolish man n fool like nana addo short man

Bawumia is a foolish man n fool like nana addo short man
????????? 11 years ago

PLEASE, GROW UP FROM THIS MARKET WOMEN POLITICS AND DO MATURED POLITICS AS YOU ARE ASPIRING TO BE THE VICE PRESIDENT.

ALL THINGS BEING EQUAL, IS YOUR SALARY THE SAME AS IT WAS IN 2009?

PLEASE, GROW UP FROM THIS MARKET WOMEN POLITICS AND DO MATURED POLITICS AS YOU ARE ASPIRING TO BE THE VICE PRESIDENT.

ALL THINGS BEING EQUAL, IS YOUR SALARY THE SAME AS IT WAS IN 2009?
KOOBOY 11 years ago

WHAT HAPENED TO 'The $200 million in funds made available annually through the Highly Indebted Poor Country Initiative (HIPC) are reportedly a source of significant corruption. Senior Minister Mensah (brother-in-law of the pr ...
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WHAT HAPENED TO 'The $200 million in funds made available annually through the Highly Indebted Poor Country Initiative (HIPC) are reportedly a source of significant corruption. Senior Minister Mensah (brother-in-law of the president) controls the HIPC funds, and uses these resources to fund the Government Of Ghana's patronage network. #WIKILEAKS
nyakpo george 11 years ago

Hhhhhmmm!
Am just sad that Bawumia is alecturer!
So this is the kind of economic argument he's being teaching his students!?
Did the 8yrs of the npp saw Ghana a middle income state? And is Ghana under the NDC now a middle ...
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Hhhhhmmm!
Am just sad that Bawumia is alecturer!
So this is the kind of economic argument he's being teaching his students!?
Did the 8yrs of the npp saw Ghana a middle income state? And is Ghana under the NDC now a middle income state?
Does attainment ofthis state have some economic issues on the said country?
Now, how much in terms of percentage did Ghana get out of the oil the country discovered during the npp time justapose that to other countries that discover oil and let see whether youhave help this country or not.
How many universities did the npp build in the 8 yrs of $5.5bn?
How many stretch of road?
How many megawatt of power was added tothe existing one?
Let me end it here.
Provide us with breakdown and let draw the comparisons!
olu 11 years ago

No wonder this Bawumia failed his A Levels exams. Is Bawumia aware that the 9 billion USD debt they(NPP) left behind in 2008 is now translated into 9bln USD @ 3.2 GHC= GHC 28.8Bln. When you deduct it from the 64bln the balanc ...
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No wonder this Bawumia failed his A Levels exams. Is Bawumia aware that the 9 billion USD debt they(NPP) left behind in 2008 is now translated into 9bln USD @ 3.2 GHC= GHC 28.8Bln. When you deduct it from the 64bln the balance is 35Bln. Out of this total amount NDC borrowed, 28BLN is in local currency. In other words, domestic borrowing is 28 bln out of the 35bln. This means NDC government borrows USD 2bn externally in 6 years as against 8bn USD npp borrowed in 8 years from external sources. Secondly the bulk of NDC loans are domestic borrowing which means that all the interest accrued will remain in the economy unlike high external borrowing NPP engaged in during their 8 wasted years in office. Is Bawumia aware that the 8bn USD they left behind accrue interest over the period?. I am not surprised that this NDC turn coat Bawumia actually failed his A level exams in Tamasco. His stupidity is showing clearly in his analysis.
YAW 11 years ago

NPP borrowed $5.5bn in 8yrs, NDC $27bn in 6yrs. Do you see the dollar signs in front of both numbers?

You hardly possess any reading comprehension. You are just an idiot with a computer and the pea-sized brain. You are inc ...
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NPP borrowed $5.5bn in 8yrs, NDC $27bn in 6yrs. Do you see the dollar signs in front of both numbers?

You hardly possess any reading comprehension. You are just an idiot with a computer and the pea-sized brain. You are incapable of economic thinking. Certainly what you have put our makes no logical sense.
olu 11 years ago

YAW you are such a moron. No wonder a failed A level candidate (Bawumia) is heal by you as genus. moron.

YAW you are such a moron. No wonder a failed A level candidate (Bawumia) is heal by you as genus. moron.
nje 11 years ago

Yaw, Ghana total debt as at today is about 21BN USD. 11BN USD AND 28BN GHC. NPP left 8bn USD in 2008 whiles NDC add further 3bnUSD to make external debt 11bn USD. NDC further obtained further 28bn GHC from internal sources. s ...
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Yaw, Ghana total debt as at today is about 21BN USD. 11BN USD AND 28BN GHC. NPP left 8bn USD in 2008 whiles NDC add further 3bnUSD to make external debt 11bn USD. NDC further obtained further 28bn GHC from internal sources. so where is Bawumia (a failed A level candidate) got his 27bn USD from?. Bawumia is such a stupid braggart.
Hassan 11 years ago

NPP 5.5bn and NDC 27BN. Who cares. All in yr pockets. How much did KUFFOUR Hotel take of the 5.5BN. All same. All of them fill their pockets. Maybe the 27BN was meant for more people but the 5.5BN was meant for only the top o ...
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NPP 5.5bn and NDC 27BN. Who cares. All in yr pockets. How much did KUFFOUR Hotel take of the 5.5BN. All same. All of them fill their pockets. Maybe the 27BN was meant for more people but the 5.5BN was meant for only the top of NPP.
ike 11 years ago

Dr ur really giving a through statement about Ghana's economy.if my dear bro and sis are commentin against this true statement talking of inflation worldwide then tell mahama and Co to stop making fallacious promises

Dr ur really giving a through statement about Ghana's economy.if my dear bro and sis are commentin against this true statement talking of inflation worldwide then tell mahama and Co to stop making fallacious promises
olu 11 years ago

This hollow minded Bawumia is soiling himself big time. NPP borrowed USD 9Bn in only 8 years. Ghana debt from independence to the day NPP took over from NDC one administration was USD6Bn. NPP said we could not pay and went HI ...
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This hollow minded Bawumia is soiling himself big time. NPP borrowed USD 9Bn in only 8 years. Ghana debt from independence to the day NPP took over from NDC one administration was USD6Bn. NPP said we could not pay and went HIPC. Our debts was forgiven and we start at fresh. By the time we booted this corrupt and arrogant gang out of power in 2008, they had accumulated yet 9Bn USD in only 8 years in office. This was about 150% of our previous debt of 6bn USD that they claimed we could not pay. When we complained, we were told by Gabby Otcheri Darko that the debt was only 45% of our GDP. Is the debt not only 56% of our GDP today?. So what is complain for?. I am told this Bawumia could not even pass his 'A' level economics how much more can he be able to analyze our debt portfolio.
YAW 11 years ago

Once again you are an ignorant twerp. Bawumia is a first class in economics grad from University of Ghana, masters in economics from Oxford university and a PhD to boot.

Nobody in your wretched family can boast of half of ...
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Once again you are an ignorant twerp. Bawumia is a first class in economics grad from University of Ghana, masters in economics from Oxford university and a PhD to boot.

Nobody in your wretched family can boast of half of his accomplishment.
nje 11 years ago

Yaw, you are swimming in your own ignorance dungeon. Bawumia failed his A level which made it impossible for him to enter LEGON. LEGON is not for stupid students. Bawumia went out there to continue at diploma level before he ...
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Yaw, you are swimming in your own ignorance dungeon. Bawumia failed his A level which made it impossible for him to enter LEGON. LEGON is not for stupid students. Bawumia went out there to continue at diploma level before he could do his first degree. Go check it and stop your stupidity. I hold better certificates than Bawumia.
jt 11 years ago

The is one problem with this Busia, JB guys they always think yesterday. Mr Bawumia, how many changes have you Made to yr room, cars dresses ect. You can't do common calculations to realize that we are growing with everythin ...
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The is one problem with this Busia, JB guys they always think yesterday. Mr Bawumia, how many changes have you Made to yr room, cars dresses ect. You can't do common calculations to realize that we are growing with everything.
john 11 years ago

STUPID, WHAT ABOUT YOU AND YOUR FAMILY ? YOU ARE SO STUPID LIKE BAWUMIAN.DONT YOU KNOW THAT WE HAVE EDUCATED ILLIT.LIKE YOU

STUPID, WHAT ABOUT YOU AND YOUR FAMILY ? YOU ARE SO STUPID LIKE BAWUMIAN.DONT YOU KNOW THAT WE HAVE EDUCATED ILLIT.LIKE YOU
Nana Kweku 11 years ago

If Nana Addo says all die be die, then all borrow be borrow!! These politicians should.give us a break!!

If Nana Addo says all die be die, then all borrow be borrow!! These politicians should.give us a break!!
john 11 years ago

This useless doctor is a big fool.BAWUMIAN IS NOT PROPER ECONOMIST HOW CAN YOU COMPARE THINGS THAT HAPPENED IN 2000-2008 AND THINGS THAT ARE HAPPINING NOW TO BE THE SAME. HE JUST HOLD THE DEGREE FOR NOTHING.

This useless doctor is a big fool.BAWUMIAN IS NOT PROPER ECONOMIST HOW CAN YOU COMPARE THINGS THAT HAPPENED IN 2000-2008 AND THINGS THAT ARE HAPPINING NOW TO BE THE SAME. HE JUST HOLD THE DEGREE FOR NOTHING.
KUMAWU BURGER ie citiizen 11 years ago

The greedy Ghanaians Anita DESOSO Ama Benua etc, types are praising NDC becos what they are today.PUBLISH THEM FAITHFULLY TO ALL TO READ FULLY: It sad for the learned Ghanaians to sit uncorcerned aloof.

The greedy Ghanaians Anita DESOSO Ama Benua etc, types are praising NDC becos what they are today.PUBLISH THEM FAITHFULLY TO ALL TO READ FULLY: It sad for the learned Ghanaians to sit uncorcerned aloof.
Ishimoto 11 years ago

I have not seen a Dr. who is economical with the truth like Bawumia. Why didn't you add all the debts that were forgiven us during the HIPC to your borrowings? or you dont know that you would have borrowed more than you did? ...
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I have not seen a Dr. who is economical with the truth like Bawumia. Why didn't you add all the debts that were forgiven us during the HIPC to your borrowings? or you dont know that you would have borrowed more than you did? Make intelligent arguement to befit your status as an Economist.
ROLAND 11 years ago

You borrowed $5.5b dollars to do what?
NDC borrowed $27b dollars and it is showing everywhere. You spent all the 5.5b on court case which you lost.

You borrowed $5.5b dollars to do what?
NDC borrowed $27b dollars and it is showing everywhere. You spent all the 5.5b on court case which you lost.
HOLA 11 years ago

THE NEEDS FOR GHANA WHEN NPP WAS IN POWER IS DIFFERENT FROM WHAT IS NEEDED NOW. SO THIS COMPARISON IS SILLY.

THE NEEDS FOR GHANA WHEN NPP WAS IN POWER IS DIFFERENT FROM WHAT IS NEEDED NOW. SO THIS COMPARISON IS SILLY.
Wise up 11 years ago

This childish talks are not what we need now. We need serious minds

This childish talks are not what we need now. We need serious minds
AMB 11 years ago

Doc good points but not within context. Ghana is now a middle income country and does not qualify for grants, longer loan moratorium periods, HIPIC funds etc. These were available to NPP. These need to be quantified and add ...
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Doc good points but not within context. Ghana is now a middle income country and does not qualify for grants, longer loan moratorium periods, HIPIC funds etc. These were available to NPP. These need to be quantified and added to your borrowings as sources of funds from external sources during the NPP Era. This will level the playing field and remove the political colourisation of Dr Bawumia's presentation.
BUILSA KANJARGA 11 years ago

DR. Bawumia and the entire NPP fraternity, if u want us to come to power, listen to me, lets also go out there and do propaganda, majority of Ghanaians don't vote base on issues

DR. Bawumia and the entire NPP fraternity, if u want us to come to power, listen to me, lets also go out there and do propaganda, majority of Ghanaians don't vote base on issues
Born-to-die-NDC 11 years ago

In that 8 years NPP period, Ghana had no recognized oil reserves but now the NDC can boost of $5 billion of oil reserve. Even so, they now have more gold reserves mapped out in Ghana by NASA-USA. So Dr. Bawumia, better wise-u ...
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In that 8 years NPP period, Ghana had no recognized oil reserves but now the NDC can boost of $5 billion of oil reserve. Even so, they now have more gold reserves mapped out in Ghana by NASA-USA. So Dr. Bawumia, better wise-up and be current.
BOY 90 UK 11 years ago

NPP & NDC are the worse things ever happened to mother Ghana. Borrowing money is not bad but what the money is used for that matters

NPP & NDC are the worse things ever happened to mother Ghana. Borrowing money is not bad but what the money is used for that matters
OKOE 11 years ago

MY TAKE ON GOVERNANCE IN GHANA IS THAT, THE PEOPLE OF GHANA MUST ELECT ANY PARTY OTHER THAN NDC AND NPP. THERE MUST BE CHANGE AND GHANAIANS WILL BE WISE TO ELECT ANOTHER GHANAIAN TO LEAD THIS COUNTRY. WE TRIED THESE PEOPLE BO ...
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MY TAKE ON GOVERNANCE IN GHANA IS THAT, THE PEOPLE OF GHANA MUST ELECT ANY PARTY OTHER THAN NDC AND NPP. THERE MUST BE CHANGE AND GHANAIANS WILL BE WISE TO ELECT ANOTHER GHANAIAN TO LEAD THIS COUNTRY. WE TRIED THESE PEOPLE BOTH NPP AND NDC AND WE ARE GETTING NOWHERE. IT IS TIME GHANA MAKES A BOLD CHANGE AND ELECT ANY PERSON OTHER THAN THOSE IN THE NPP AND NDC. WE HAVE WITNESSED ENOUGH OF THEM. MAKE THE CHANGE!!!
Adjei 11 years ago

NPP SHOULD HAVE BORROWED A CENT. SINCE INDEPENDENCE ALL THE LOANS GHANA CONTRACTED WERE GIVEN US FREE. OVER $500BN. NPP SHARED THESE MONEY AMONG THEMSELVES. THERE IS NOTHING SHOWING WHAT THEY DID WITH IT. SINGLE SPINE WAS INP ...
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NPP SHOULD HAVE BORROWED A CENT. SINCE INDEPENDENCE ALL THE LOANS GHANA CONTRACTED WERE GIVEN US FREE. OVER $500BN. NPP SHARED THESE MONEY AMONG THEMSELVES. THERE IS NOTHING SHOWING WHAT THEY DID WITH IT. SINGLE SPINE WAS INPLEMENT BY NDC AFTER NPP HAD EMPTIED THE NATIONS COFFERS. STOP BRAGGING. GHANAIANS ARE NOT FOOLS FOR PEOPLE LIKE YOU AND AKUFFO ADDO
MARCUS AMPADU 11 years ago

For Dr. Bawumia to use the dollar denomination and then at the same time convert to GHc denomination is not helpful at all. Coming from a former Governor of the Bank of Ghana, I find his action disingenuous at best.

For Dr. Bawumia to use the dollar denomination and then at the same time convert to GHc denomination is not helpful at all. Coming from a former Governor of the Bank of Ghana, I find his action disingenuous at best.
why 11 years ago

nonsense..............mention the debt that was forgiven

nonsense..............mention the debt that was forgiven
Ms. Apuskeleke 11 years ago

NPP got plenty HIPC monies and from Western Donors. Bawumia also supervised stealing of plenty monies from Bank of Ghana during re-denomination of Cedi when he was Deputy Governor. Hence blackmailed to stand as Vice President ...
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NPP got plenty HIPC monies and from Western Donors. Bawumia also supervised stealing of plenty monies from Bank of Ghana during re-denomination of Cedi when he was Deputy Governor. Hence blackmailed to stand as Vice Presidential candidate when he is from NDC family.
DEWORKS 11 years ago

The NDC is a party that has agenda to loot Ghana and share.
The NDC have successfully introduce GYEEDA,SUBAH,SADA,NSS and other Schemes to defraud the people. How come they borrowed so much and yet nothing to show us.
We ha ...
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The NDC is a party that has agenda to loot Ghana and share.
The NDC have successfully introduce GYEEDA,SUBAH,SADA,NSS and other Schemes to defraud the people. How come they borrowed so much and yet nothing to show us.
We have dirty water to drink. We have eletricity shortages in Ghana, our road networks are not even fit for tractors, our health delivery has come back to cash and carry. Our school feeding is bad because the government has no money. The question is why do we have to put up with the incompetent and a corrupt administration of Mahama and his NDC?
mr amin 11 years ago

$27 billion where is the money? pls vote the ndc out.

$27 billion where is the money? pls vote the ndc out.
Dessy 11 years ago

How could you as an economist standby and see our economy suffer..win election before helping.?what if loose election..?betrayal of the state

How could you as an economist standby and see our economy suffer..win election before helping.?what if loose election..?betrayal of the state
Akyeampong George 11 years ago

Tell us how many miles of road you constructed.

Tell us how many miles of road you constructed.
Kodjo 11 years ago

Look Bawumia in dollar terms its almost the same. As an intellectual I don't expect you to behave like all the other rabble rousers. Some of us expect more from you

Look Bawumia in dollar terms its almost the same. As an intellectual I don't expect you to behave like all the other rabble rousers. Some of us expect more from you
Mother Ghana is weeping. 11 years ago

What the current Government is doing now is how to rig the next election,but not how to reduce poverty.That is why they are saying,they know how to beat Nana.Those crooks in N.PP. in bed with Government.This time your misdeed ...
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What the current Government is doing now is how to rig the next election,but not how to reduce poverty.That is why they are saying,they know how to beat Nana.Those crooks in N.PP. in bed with Government.This time your misdeeds will be exposed.

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Bawumia: NPP borrowed $5.5bn in 8yrs, NDC $27bn in 6yrs

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