Terkper replies Bawumia: US$1b Eurobond proceeds “intact”

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Ghanaman 11 years ago

They did the same with cedi and IMF

They did the same with cedi and IMF
PRINCE KWASI ADADE (OFIE) 11 years ago

DR. BAWUMIA:-----------
“In the last six years, the NDC has borrowed US$27 billion. Before that, we, the NPP, borrowed a total of US$5.5 billion in eight years. Compare that to the NDC borrowing $27 billion in six years an ...
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DR. BAWUMIA:-----------
“In the last six years, the NDC has borrowed US$27 billion. Before that, we, the NPP, borrowed a total of US$5.5 billion in eight years. Compare that to the NDC borrowing $27 billion in six years and ask yourself what they have done with all that money,” the running mate to Nana Akufo-Addo said.

He said, though a lot more money has been spent, it is a paradox of economic management that this level of excessive spending has only led to greater hardships being visited on the people.

“NDC inherited a public debt stock of GHS9.5 billion in 2009,” the former Deputy Governor of the central bank said. “Today, Ghana’s debt has gone up to GHS65.7 billion. So when I say the stakes are high I am talking about the destiny of our country, Ghana, the future of the youth.”

“The NDC has been taxing everything, including condoms and cutlasses. In terms of resources, this NDC government has had more resources than any other government. We did not have oil. Yet, Ghanaians know what we did with the limited resources we had. We spent money responsibly to create the NHIS, introduce Capitation Grant, expand access to education, we spent wisely on infrastructure and built more roads than any other government,” he said.
ALEX 11 years ago

This is the type of money Nana Ado is looking for to loot.

This is the type of money Nana Ado is looking for to loot.
Abbey 11 years ago

Ask greedy Kuffour where he kept the $250M HPIC money he received annually for 8 good years,I repeat, $250M,multiply by 8.
The useless media in this country swept that under carpet.Let's just pray nothing bad happens in Ghan ...
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Ask greedy Kuffour where he kept the $250M HPIC money he received annually for 8 good years,I repeat, $250M,multiply by 8.
The useless media in this country swept that under carpet.Let's just pray nothing bad happens in Ghana. We shall settle scores.
PRINCE KWASI ADADE (OFIE) 11 years ago

I SEARCHED AND SEARCHED AND SEARCHED THE DICTIONARY, THE STRANGE THING, IS THAT , I COULD NOT FIND ANY ADJECTIVE THAT COULD FIT OR, BETTER STILL, QUALIFY PEOPLE LIKE YOU!!!

I SEARCHED AND SEARCHED AND SEARCHED THE DICTIONARY, THE STRANGE THING, IS THAT , I COULD NOT FIND ANY ADJECTIVE THAT COULD FIT OR, BETTER STILL, QUALIFY PEOPLE LIKE YOU!!!
mensah abrampa 11 years ago

What prevents the NDC Administration from probing the Kuffuor NPP Administration if they have any evidence of financial misappropriations/improprieties? Who and what is holding Mahama and NDC back? If you can't prove anything ...
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What prevents the NDC Administration from probing the Kuffuor NPP Administration if they have any evidence of financial misappropriations/improprieties? Who and what is holding Mahama and NDC back? If you can't prove anything then you better shut up and quit making wild unsubstantiated allegations. By the way $250m x 8 is not $27 Billion. You can fool some ghanaians with your lies and distortions but you can't fool everyone of us.
Kanawu!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 11 years ago

TERKPER is deceiving himself and not me. His response has no substance.

TERKPER is deceiving himself and not me. His response has no substance.
Bomfaboy 11 years ago

This explanation by Mr Tekper is like pullin wool over the eyes of Ghanaians. What does he and his party takes us for? Really Mr Tekper!! Do you, yourself understand what you were saying? Does it really make any sense to you? ...
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This explanation by Mr Tekper is like pullin wool over the eyes of Ghanaians. What does he and his party takes us for? Really Mr Tekper!! Do you, yourself understand what you were saying? Does it really make any sense to you?
1B-250M=750m
This 250M he says is sitting in a New York Bank, which bank he will jot tell us.
He goes on, 114M of the 200M has been used for Capital Projects. What!! Now 250M has become 200M?
He goes on, "another one has been used for Bonds which are maturing" what?? How much has been used for retiring bonds which are maturing?? Does it mean another 250M, or 200m or 114M?
After all that he still says he has 800M sitting in the New York Bank. Really, Mr Tekper!! These does not add up. You are deceiving yourself, lying or being plain stupid. Thus is no response to what Dr Bawumia asked and what all Ghanians wants to know. By the way why was it not reflected in the budget statement.??
ENTWI 11 years ago

Oh,so Bawumia also is a lieyer?oh why NPP people are lieying like this?Ken A and Vice B are lieying.

Oh,so Bawumia also is a lieyer?oh why NPP people are lieying like this?Ken A and Vice B are lieying.
OBAA YAA 11 years ago

The question from Bawumia was simple “What projects did the Minister of Finance have in mind before they secure the US$1b Eurobond?” Therefore, money being intact at New York Bank is a silly reply from the minister. One d ...
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The question from Bawumia was simple “What projects did the Minister of Finance have in mind before they secure the US$1b Eurobond?” Therefore, money being intact at New York Bank is a silly reply from the minister. One does not obtain a loan without knowing what he/she is going the money for……

Exposure 11 years ago

Will Dr. Bawumia comment on the explanation offered by Mr.Terkper. We need to kow if the explanation is satisfactory or not, please

Will Dr. Bawumia comment on the explanation offered by Mr.Terkper. We need to kow if the explanation is satisfactory or not, please
til-shiloh, nakpanduri 11 years ago

u paa! what explanation has he given that u seem to be happy? the guy says publish it and don't, only to come with flimsy explanations and u are also happy. be innovative. has he publish it?

u paa! what explanation has he given that u seem to be happy? the guy says publish it and don't, only to come with flimsy explanations and u are also happy. be innovative. has he publish it?
Iinsight to the bone 11 years ago

you can please your balls and your dad's ball wo maame twe aboa

you can please your balls and your dad's ball wo maame twe aboa
mugu1 11 years ago

Dr. Bawumia is doing any thing just for attension Bawumia is a big time liar disturbing Ghanaians with liar

Dr. Bawumia is doing any thing just for attension Bawumia is a big time liar disturbing Ghanaians with liar
KWASI 11 years ago

the fact is that terkpter just supported the facts that the money bawumia talks about is safe telling us that bawumia was talking truth all along stop pretending mugu1

the fact is that terkpter just supported the facts that the money bawumia talks about is safe telling us that bawumia was talking truth all along stop pretending mugu1
agya 11 years ago

Did you even know about a billion dollar bond issue before Bawumia discussed it? i dont think so. You little people should be grateful to this man...sing praises to him each day

Did you even know about a billion dollar bond issue before Bawumia discussed it? i dont think so. You little people should be grateful to this man...sing praises to him each day
Joe 11 years ago

Bawumia did not say the money is missing, what he said was that the money had been misapplied. It has been used for something else other than what it was meant for.

Bawumia did not say the money is missing, what he said was that the money had been misapplied. It has been used for something else other than what it was meant for.
Kojo 11 years ago

If you do then read the damn new report. illiterate with a computer

If you do then read the damn new report. illiterate with a computer
HUMANISM 11 years ago

Mr. Finance Minister, we are not kids. You have to put your life on the line by publishing hoe every single dollar has been used, hence publish the list right now. You must do that now. In future, if it's determined you lied ...
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Mr. Finance Minister, we are not kids. You have to put your life on the line by publishing hoe every single dollar has been used, hence publish the list right now. You must do that now. In future, if it's determined you lied to us, you will be put before the courts to defend your conduct. You may end up in prison, for causing financial loss to the state.

You are helping to help the thieves in Govt. to continue to bring the country to her knees.
Kojo 11 years ago

Your response does show that while you may be old in years, you are a kid in comprehension and reasoning.

Your response does show that while you may be old in years, you are a kid in comprehension and reasoning.

Iinsight to the bone 11 years ago

HUMANISM WO YE ABOA PAAA TUTUUNI BA WO MAAME TWEBA ODWAN BA

HUMANISM WO YE ABOA PAAA TUTUUNI BA WO MAAME TWEBA ODWAN BA
Iinsight to the bone 11 years ago

LOOK AT THE WAY ANOTHER FOOLISH MAN TALKS RIGHT NOW THAT ASHANTI PRIMITIVE WAY OF TALKING KRAMAN BA

LOOK AT THE WAY ANOTHER FOOLISH MAN TALKS RIGHT NOW THAT ASHANTI PRIMITIVE WAY OF TALKING KRAMAN BA
KT 11 years ago

See how the minister is panicking and not really answering the question. No one has said the money is missing.

See how the minister is panicking and not really answering the question. No one has said the money is missing.
Daniella 11 years ago

I KNOW RIGHT? KNOW ONCE HAS MADE MENTIONED OF MISSING MONEY. WHAT QUESTION IS THE FINANCE MINISTER MENTIONING OR WHAT IS HE EXPLAINING???

I KNOW RIGHT? KNOW ONCE HAS MADE MENTIONED OF MISSING MONEY. WHAT QUESTION IS THE FINANCE MINISTER MENTIONING OR WHAT IS HE EXPLAINING???
Kwame 11 years ago

Dr. Bawumia did not say the money was missing; he said it was not available, it has been used to cushion BoG. Mr Tekper's response should be direct to make all of us understand the fate of that money. He should come again!

Dr. Bawumia did not say the money was missing; he said it was not available, it has been used to cushion BoG. Mr Tekper's response should be direct to make all of us understand the fate of that money. He should come again!
Ganja Planter 11 years ago

So what's wrong with it of ti's been used used to cushion BoG. in the meantime? I don't necessarily like the minister but lets try to be a little objective it out critique.

So what's wrong with it of ti's been used used to cushion BoG. in the meantime? I don't necessarily like the minister but lets try to be a little objective it out critique.
kasakawa 11 years ago

if the money is there, why was it not in the budget. its a major revenue source for government for the 2015 budget so why was it not in the budget? simple

if the money is there, why was it not in the budget. its a major revenue source for government for the 2015 budget so why was it not in the budget? simple
Ghana 11 years ago

Mr Bawumia you can't align yourself with larikin party called NPP.
They will soon start to insult you.

Lately if you heard them insulting President Mahama as Pepeni then, get prepared because yours will be worse!!!

The ...
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Mr Bawumia you can't align yourself with larikin party called NPP.
They will soon start to insult you.

Lately if you heard them insulting President Mahama as Pepeni then, get prepared because yours will be worse!!!

These people have no ethics in their system at all. The louder you shout and insult people the higher you are elevated in NPP.

How can such a rowdy party win election in Ghana.!!!!
KELE WELE 11 years ago

Pepeni is not an insult. It is an Akan word for upright person, given to NORTHERNERS by AKANS for their truthful and strict nature.

Pepeni is not an insult. It is an Akan word for upright person, given to NORTHERNERS by AKANS for their truthful and strict nature.
Onipaba of Akyem Maase 11 years ago

This gentleman challenged you. All you need do is to publish it to the public. Why are you running around If you are not scared?

This gentleman challenged you. All you need do is to publish it to the public. Why are you running around If you are not scared?

cha 11 years ago

When did Bawumia say the money was missing? He said the money was misapplied and what is govt money doing in a new york account?

When did Bawumia say the money was missing? He said the money was misapplied and what is govt money doing in a new york account?
Iinsight to the bone 11 years ago

DON'T MIND BAWUMIA PEPENI JOINING PEPEFOU PARTY THE NPP NORTHERN PEOPLES PARTY

DON'T MIND BAWUMIA PEPENI JOINING PEPEFOU PARTY THE NPP NORTHERN PEOPLES PARTY
Corrupt Justice 11 years ago

Pepefuo party is divinely superior and in performance to a Narcotics Dealers Congress (party) owned by a certificateless killer bastard supported by people who are inately wicked and evil.

Pepefuo party is divinely superior and in performance to a Narcotics Dealers Congress (party) owned by a certificateless killer bastard supported by people who are inately wicked and evil.
paapsy 11 years ago

Please don't allow yourselves to be pushed into this kind of scheme of the NPP.

Please don't allow yourselves to be pushed into this kind of scheme of the NPP.
Criminal mahama. 11 years ago

Terkper is useless.

Terkper is useless.
kanawu 11 years ago

Mr. Finance minister the numbers don't add up. Please come again.

Mr. Finance minister the numbers don't add up. Please come again.
DE Spinola 11 years ago

Tepker I think do not understand the content of Mr Bawumia's enquiries. He is moron to be heading such an important portfolio period.

Tepker I think do not understand the content of Mr Bawumia's enquiries. He is moron to be heading such an important portfolio period.
UK 11 years ago

Bond, which is debt, is used to pay debt. This he called capital project. In turn, the move eases the pressure on the cedi, which results in temporary stabilization of the currency. Implicitly, after the Christmas period th ...
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Bond, which is debt, is used to pay debt. This he called capital project. In turn, the move eases the pressure on the cedi, which results in temporary stabilization of the currency. Implicitly, after the Christmas period the so called capital project may continue. Exactly, this is what Bawumia was saying.
VICTOR,LONDON 11 years ago

So if the bonds were intact, what was the deputy finance minister telling us at first? Or she was put in the dark about the sharing of the money among themeselves or was she lying through her teeth? A WOMAN LYING WITHOUT SHAM ...
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So if the bonds were intact, what was the deputy finance minister telling us at first? Or she was put in the dark about the sharing of the money among themeselves or was she lying through her teeth? A WOMAN LYING WITHOUT SHAME OR HONOUR AS IF HER LIFE DEPENDED ON THE LIES. DEPUTY MINISTER COME AGAIN.WE ARE WAITING FOR YOUR RESPONSE
AKWADAA SWISS. 11 years ago

Dr.Bawumia MUST always take ON Mr.Tekper This is his rightful JOB as OPPOSITION to move the coutry forward in sound economy-rihgt.NDC HAS BEEN WAISTING THE NATIONS RESOURCES,KEEP BORROWING & COVERING UP,ALL BCOS OF THEIR(NPPs ...
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Dr.Bawumia MUST always take ON Mr.Tekper This is his rightful JOB as OPPOSITION to move the coutry forward in sound economy-rihgt.NDC HAS BEEN WAISTING THE NATIONS RESOURCES,KEEP BORROWING & COVERING UP,ALL BCOS OF THEIR(NPPs)FAILURE TO CHECK THEM,They keep BOYCOTTING,as such failing we GHANAIANS.The SUN & MOON MUST rotate to give us a DAY-right,so is POSITIVE & NAGETIVE,even the GOOD GOD allowed de devil for his ADOPTION-right.NO ONE IS LYING HERE. Dr.Bawumia MUST COME again to assure us of that given explanation.
TUKLA 11 years ago

BAWUMIA COME AGAIN. NOBODY IS CHASING YOU.

BAWUMIA COME AGAIN. NOBODY IS CHASING YOU.
Nii Lartey Nartey. 11 years ago

This is ridiculous of an explanation. Why do we allow needed money to sit in a bank far away America when the country and the people crying for ordinary basic social needs?

If Ghana have a billion doing nothing, why are we ...
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This is ridiculous of an explanation. Why do we allow needed money to sit in a bank far away America when the country and the people crying for ordinary basic social needs?

If Ghana have a billion doing nothing, why are we on our knees begging for IMF bailout? when we know as mater of fact that IMF has never bailout any country but rather hammer to kill any country that goes for such senseless bailouts.

Yes! I mean senseless because Ghana with enormous natural resources need not any bailout from any exploitative financial institution.

Is that all Terkper can give as an explanation? With such people in government, no wonder Mahama's NDC government is such a shambolic.
Iinsight to the bone 11 years ago

Nii LARTEY NARTEY GO FOR IR ARM ROBBER ONYE GBOMI

Nii LARTEY NARTEY GO FOR IR ARM ROBBER ONYE GBOMI
GhanaBA 11 years ago

well, let me start by asking this simple question about some missing money at the bank of Ghana. captain smart of Adom FM said several times on radio that there were some missing $600 Million at the central bank in the seque ...
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well, let me start by asking this simple question about some missing money at the bank of Ghana. captain smart of Adom FM said several times on radio that there were some missing $600 Million at the central bank in the sequence of $150 Million on four different occasions. how true is this story and where the money go dey?

now back to Dr. Bawumia vrs Seth Terkpe issue about $1Bn Eurobond money. according to Seth Terkpe, there are some monies sitting at a New York Bank Account and my question is what the hell is our money doing there?
the man 11 years ago

my friend it is safer in new york than bank of ghana.

my friend it is safer in new york than bank of ghana.
VVIP JDM SNIFFER COCAINE 11 years ago

FOOOOOOOLS,COCAINE SNIFFERS,DILLERS IN POWER,GOD WILL PUNISH THEM ALL,PERIOD

FOOOOOOOLS,COCAINE SNIFFERS,DILLERS IN POWER,GOD WILL PUNISH THEM ALL,PERIOD
paa 11 years ago

The same institution that u shall be working with if ever there should be a change of Govt is what u are undermining.

The same institution that u shall be working with if ever there should be a change of Govt is what u are undermining.
Kojo Ghana 11 years ago

Mahamudu Bawumia if you don't know what to say just shut up. Stop the lies. Help build ghana.

Mahamudu Bawumia if you don't know what to say just shut up. Stop the lies. Help build ghana.
Photosy. 11 years ago

Let Bawumia tell us the detail to the nitty gritty of it how NPP when he was Governor the ff:

1) HOW THE EUROBOND BY KUFFOUR WAS USED

2) HOW THE MONITIZATION OF THE CEDI WAS CARRIED OUT WITHOUT MISSING THE VERY DETAILS. ...
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Let Bawumia tell us the detail to the nitty gritty of it how NPP when he was Governor the ff:

1) HOW THE EUROBOND BY KUFFOUR WAS USED

2) HOW THE MONITIZATION OF THE CEDI WAS CARRIED OUT WITHOUT MISSING THE VERY DETAILS.

TERKPER, please leave that idiot out, he is just a tool in a game of angry birds. Lol
CYBERGHANA 11 years ago

Going in front of UK-based professionals to allege that " ..We are reliably informed that the $1 billion raised from the sovereign bond has been used...are not available anymore for the purpose for which it was raised".

T ...
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Going in front of UK-based professionals to allege that " ..We are reliably informed that the $1 billion raised from the sovereign bond has been used...are not available anymore for the purpose for which it was raised".

This is not the way to commit to contribute to the running of our country; especially, coming from Dr. Bawumia, former head of BOG, and a running mate of Akufo Addo.

Where is the patriotism? Lying in front of professionals in UK while eating breakfast.
ANKOBEA-HENE 11 years ago

Dr. Bawumia is working for NDC.

Dr. Bawumia is working for NDC.
KWASI 11 years ago

SO WHY WAS NDC SO SILENT UNTILL NOW TRYING TO PAINT BAWUMIA AS MAN TELLING LIES TERKPTER REPLY THE MONEY IS "INTACT"IS NOT TELLING US WHERE THE MONEY IS NOW THE MAHAMA GOVT IS PLAYING WITH WORDS THINKING WE GHANA FALKS ARE S ...
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SO WHY WAS NDC SO SILENT UNTILL NOW TRYING TO PAINT BAWUMIA AS MAN TELLING LIES TERKPTER REPLY THE MONEY IS "INTACT"IS NOT TELLING US WHERE THE MONEY IS NOW THE MAHAMA GOVT IS PLAYING WITH WORDS THINKING WE GHANA FALKS ARE STUPID
OBINNA 11 years ago

DOES PARLIAMENT KNOW THIS? THIS METHOD OF RUNNING THE FINANCIAL AFFAIRS OF THE COUNTRY IS WRONG. TOO MUCH SECRECY ON THE PART OF THE EXECUTIVE ALWAYS LANDS THIS COUNTRY IN A FINANCIAL MESS - MISMANAGEMENT. THE CONSITITUTION M ...
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DOES PARLIAMENT KNOW THIS? THIS METHOD OF RUNNING THE FINANCIAL AFFAIRS OF THE COUNTRY IS WRONG. TOO MUCH SECRECY ON THE PART OF THE EXECUTIVE ALWAYS LANDS THIS COUNTRY IN A FINANCIAL MESS - MISMANAGEMENT. THE CONSITITUTION MUST BE AMENDED TO INCLUDE THE FULL HOUSE (OR THE FINANCE COMMITTEE)IN SUCH TRANSACTIONS
kan 11 years ago

This is what Terkpe said
"According to him, “the 250 million for the Ghana infrastructure fund is in a New York account; it’s sitting there.”

“We have disbursed about 114 million out of the 200 million for capital ...
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This is what Terkpe said
"According to him, “the 250 million for the Ghana infrastructure fund is in a New York account; it’s sitting there.”

“We have disbursed about 114 million out of the 200 million for capital projects including the re-financing, and another one for the refinancing of bonds that were maturing. We took some of them off. As we speak, therefore, we have about 800 million intact in a New York account and the reason we haven’t spent it all in a month is because the financial year is ending, and, therefore, there will be overflows into the next fiscal year after we have reimbursed the sources from which we took some bridge financing to pay for capital expenditure as a result of the delay,” he explained."

What exactly did he say? $250 sitting a a New York account and at the end $800 million is in the New York Account?

Is this explanation clear to any sane person?
Otwenua 11 years ago

My brother, I'm equally confused with the explanation. The numbers just don't add up. Maybe he wanted to say $114 million of the bond money has been spent so far leaving a balance of about $886 million in a bank or banks in N ...
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My brother, I'm equally confused with the explanation. The numbers just don't add up. Maybe he wanted to say $114 million of the bond money has been spent so far leaving a balance of about $886 million in a bank or banks in New York. If this is what it is I don't see why he should have difficulty saying so. It could also be that there are no simple proper records to provide such information to the minister. It's a shame if that is the case.
Togbe Gyasi 11 years ago

My simple question is: Why did Tekper keep it in a bank in New York and not the Bank of Ghana. Does is suggest that we went for the money when we did not have an immediate need for it?

My simple question is: Why did Tekper keep it in a bank in New York and not the Bank of Ghana. Does is suggest that we went for the money when we did not have an immediate need for it?
Paa Kwasi Thomas 11 years ago

Hmmm!!; $250 million dollars sitting in New York (NY)? So, why can't they use part of that money to help the electricity problems in the country. The electricity crisis has created so many problems. People are laid off, busi ...
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Hmmm!!; $250 million dollars sitting in New York (NY)? So, why can't they use part of that money to help the electricity problems in the country. The electricity crisis has created so many problems. People are laid off, business collapsing and many others. Yet we have money sitting in NY. I suggest that money should wake up and come to Ghana and stop idling in New York.
Asare-Adu Joseph 11 years ago

Seth; no one expects you to tell the world that the funds aren't intact. What Bawumia is requesting is that you make the proceeds of the Bond public. It's as simple as that. I find it difficult to understand Ghanaian public o ...
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Seth; no one expects you to tell the world that the funds aren't intact. What Bawumia is requesting is that you make the proceeds of the Bond public. It's as simple as that. I find it difficult to understand Ghanaian public office holders that when they are asked to make public information public, they make it look as if it is something sacrosanct. Look, it is the right of every Ghanaian to be told how the the Bank of Ghana is running the affairs of Ghana's treasury. Just make that damn information public, and stop buying time with your yaw-jaw.
Abbot 11 years ago

Bawumia thinks telling these king of lies will pave the way for his vice president dream.Behind close doors, he has no idea what Ashanti NPP people think about him.

Bawumia thinks telling these king of lies will pave the way for his vice president dream.Behind close doors, he has no idea what Ashanti NPP people think about him.
the man 11 years ago

All i think of is Tepker is scared of his own party thieves. Why in New York?

All i think of is Tepker is scared of his own party thieves. Why in New York?
Efo Kwaku Canada 11 years ago

What's different between Dr Bawumia discovery and explanation this useless minister's gave , did you use the money for what is meant to? Big NO , so why are you bickering here for ? One NDC lady has even call Dr Bawumia a li ...
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What's different between Dr Bawumia discovery and explanation this useless minister's gave , did you use the money for what is meant to? Big NO , so why are you bickering here for ? One NDC lady has even call Dr Bawumia a lier because there is NO such money any where now the finance minister is proving that there is such money God will deal with Afari Djan for allowing useless NDC to mismanagement our resources ,this man will never have peace even in a grave
YAKUBU 11 years ago

“In the prospectus that sought to convince investors,” Bawumia explained, “the Minister of Finance indicated that a substantial portion of the amount borrowed would be used for infrastructure development and critical pr ...
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“In the prospectus that sought to convince investors,” Bawumia explained, “the Minister of Finance indicated that a substantial portion of the amount borrowed would be used for infrastructure development and critical projects. What projects did the Minister of Finance have in mind?” he questioned.

A substantial portion of the amount borrowed would be used for infrastructure development and critical projects. That was what was in the prospectus to convince investors.
Substantial portion of the borrowed amount, infrastructure development and critical projects.
From a development point of view and bearing in mind that, the bond needs to be repaid after it matures, the infrastructure development and critical projects that the Mahama NDC gov't said a very substantial portion of the bond raised would be used should be such that, it can service the maturing debt on the bond raised.
So the question is, what projects did the Minister of Finance of the Mahama NDC administration have in mind to commit a substantial portion of the amount borrowed? And talking about substantial amount, what in the estimation of the Mahama NDC gov't constitutes a substantial amount? Does the infrastructure development and critical projects include the re-financing of debt, and how does the refinancing of debt, yield return on investment to pay for the bond issued upon maturity?
The question has still not been answered by the Minister of Finance. What infrastructure development and critical projects did the Mahama NDC gov't have in mind for which a substantial amount of the borrowed money was going to be committed?
Cabo 11 years ago

Bawumia said he will kill Akufo Addo

Bawumia said he will kill Akufo Addo
periscopio 11 years ago

just publish it for all to see and stop the bragging.

just publish it for all to see and stop the bragging.
Victor A. Young 11 years ago

If it's intact then show it. Dr. Bawumia has already asked you to show it. Didn't he ask that question in his public speech? Please come clean and show it because if it's intact, we didn't see any mention or use of it in the ...
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If it's intact then show it. Dr. Bawumia has already asked you to show it. Didn't he ask that question in his public speech? Please come clean and show it because if it's intact, we didn't see any mention or use of it in the presentation of your budget. Please show it; where can it be found. Just come clean Hon. Finance Minister.
Kojo Dziwornu, Toronto Canada 11 years ago

Well the finance minister's statement vindicates Bawumia. Bawumia did not say the $1bn is missing. What he said was that the Gov't has misapplied the funds.
What the minister said is what eaxtcly Bawumia is saying pay short ...
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Well the finance minister's statement vindicates Bawumia. Bawumia did not say the $1bn is missing. What he said was that the Gov't has misapplied the funds.
What the minister said is what eaxtcly Bawumia is saying pay short term debts was not part of the prospective. You said you are borrowing the money for Capital and dev. project.
BRAINS 11 years ago

WHEN ARE WE GOING TO BLOW THE REMAINING? PLEASE, DON'T FORGET ME; AFTER ALL, IT IS YENKYENII TIME.

WHEN ARE WE GOING TO BLOW THE REMAINING? PLEASE, DON'T FORGET ME; AFTER ALL, IT IS YENKYENII TIME.
jagadu 11 years ago

WHAT BANK IN new York. please name the bank and the account number so it can be cross checked. We should not let this matter die unless NDC comes clean.

WHAT BANK IN new York. please name the bank and the account number so it can be cross checked. We should not let this matter die unless NDC comes clean.
JH New York 11 years ago

Well,personally I have confidence in Terkper for trying to introduce integrated/consolidated financial systems to have total control of govt expenditure and revenue control. He has made his mark,at least,though. ...
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Well,personally I have confidence in Terkper for trying to introduce integrated/consolidated financial systems to have total control of govt expenditure and revenue control. He has made his mark,at least,though. But the Thieves in gov't are so many,and a broken system is not easy to fix.More grease to his elbow !
Frederick Kofi Tawiah 11 years ago

you are lie.you behave like your master. bosheba

you are lie.you behave like your master. bosheba
TWEAA 11 years ago

AH! THERE YOU ARE....WHENEVER DR BAWUMIA OPENS HIS MOUTH, SOME PEOPLE BECOME HOT...MY BROTHER VERY HOT INDEED.

AH! THERE YOU ARE....WHENEVER DR BAWUMIA OPENS HIS MOUTH, SOME PEOPLE BECOME HOT...MY BROTHER VERY HOT INDEED.
DALADAM 11 years ago

LOOK AT THIS TERKPTER GOING ON THE DEFENSE NOW

LOOK AT THIS TERKPTER GOING ON THE DEFENSE NOW
Ugly Akufo Addo 11 years ago

He is very stupid n a fool like his masa Akufo Addo

He is very stupid n a fool like his masa Akufo Addo
Corrupt Justice 11 years ago

Your penchant for denigrating people who are BETTER than you shows how the nation, Ghana is unfortunate to have useless people like you and the god-father of your party, the certificate-less Scotish bastard J.J. Rawlings in h ...
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Your penchant for denigrating people who are BETTER than you shows how the nation, Ghana is unfortunate to have useless people like you and the god-father of your party, the certificate-less Scotish bastard J.J. Rawlings in her midst. You are a devil and cursed one.
New Sheriff in Town 11 years ago

“We have disbursed about 114 million out o“We have disbursed about 114 million out of the 200 million for capital projects including the re-financing, and another one for the refinancing of bonds that were maturing. f the ...
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“We have disbursed about 114 million out o“We have disbursed about 114 million out of the 200 million for capital projects including the re-financing, and another one for the refinancing of bonds that were maturing. f the 200 million for capital projects including the re-financing, and another one for the refinancing of bonds that were maturing." "Maturing bonds" and "re-financing" is surely a euphemism for debt servicing. Bawumia vindicated!
Corrupt Justice 11 years ago

What a contradictory statement! At one breadth, it is 250 million dollars sitting in a New York's account. At another breadth it is 800 million dollars sitting in a New York account. Now, which is which. This man is dishonest ...
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What a contradictory statement! At one breadth, it is 250 million dollars sitting in a New York's account. At another breadth it is 800 million dollars sitting in a New York account. Now, which is which. This man is dishonest as he is confused. In any case, a budget statement should not only reveal a nations plans and visions for an ensuing year, it should also disclose our assets and commitments, as well as a review of happenings for a previous year. Why for once, did Mr Seth Terkper, the finance minister not mention the such an important financial issue like the Euro bond in the budget statement. No matter how he twists it or turns it around in a bid to whet sympathy and support from the public, he has still gotten it WRONG. No matter what come may, the NDC must be voted out from power in 2016, for no amount of achievements can reverse the HEAVY financial, physical and psychological losses Ghanaians have suffered in their short rule from 2009 to2014.
Kweku 11 years ago

If the money is intact and save why was not captured in the budget.

If the money is intact and save why was not captured in the budget.
assemblymember,ahafo-ano south 11 years ago

ENTWI,go back to classroom.Never come here to disturb us with your poor grammar spellings.The money is in bank of new york and is intact.We are tired of your lies.Fooooooooooooooooooooooooooools ndc

ENTWI,go back to classroom.Never come here to disturb us with your poor grammar spellings.The money is in bank of new york and is intact.We are tired of your lies.Fooooooooooooooooooooooooooools ndc
OWEN.NEW YORK.. 11 years ago

It's good , checks and balances is at play. The government can now have some one to pull it tail if losing guide. This is how any nation with corrupt ministers should be monitored. I doff my hat for the learned Economist.

It's good , checks and balances is at play. The government can now have some one to pull it tail if losing guide. This is how any nation with corrupt ministers should be monitored. I doff my hat for the learned Economist.
b.a 11 years ago

Bw should give us a break

Bw should give us a break

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Terkper replies Bawumia: US$1b Eurobond proceeds “intact”

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