High deficits, 23.23 percent yields on bonds (one of the highest in the world), 16.4 percent inflation (NDC numbers; central bank does not compute inflation in Ghana), 3.9 percent growth (one of the lowest among developing co ... read full comment
High deficits, 23.23 percent yields on bonds (one of the highest in the world), 16.4 percent inflation (NDC numbers; central bank does not compute inflation in Ghana), 3.9 percent growth (one of the lowest among developing countries. And the Bank of Ghana is talking about investor confidence? 70% percent foreign investors, 30% NDC thieves because some has guaranteed payment of the interest from our scanty exports. And it is a safe place for the NDC corrupt politicians to hide their booties. Ghana is grinding to a halt.
The Great Mufti of Accra 9 years ago
What a load of JUNK initiative so people lend you money and you are proud besides you pay 23.3% for a bond yield and logically you it is a great achievement ; the trouble is that you cannot collect your taxes but overspendi ... read full comment
What a load of JUNK initiative so people lend you money and you are proud besides you pay 23.3% for a bond yield and logically you it is a great achievement ; the trouble is that you cannot collect your taxes but overspending on useless projects and you claim to be successful.
Abigi 9 years ago
Borrow at 23% to finance corruption. How do we pay back the interest and the principal? Ghana is doomed at the rate we are going. To those who are happy government is able to borrow for infrastructure this is the end of Ghana ... read full comment
Borrow at 23% to finance corruption. How do we pay back the interest and the principal? Ghana is doomed at the rate we are going. To those who are happy government is able to borrow for infrastructure this is the end of Ghana. Assume you borrow 100 cedis and pay back 23 cedis every year for 3 years. By the end of the third year you have paid 169 cedis. What do we do with the money to generate 169 cedis from 100 cedis. Been so stupid we will call on IMF or World Bank to come back and help us restructure again. The cycle will contiunue for another round of talks to help us borrow at 50%, till no one wants to lend us any more money. I pity the youth, farmers and the small business people. Folks look no further than Greece, Venezuela and Russia; corruption has finished them off.
High deficits, 23.23 percent yields on bonds (one of the highest in the world), 16.4 percent inflation (NDC numbers; central bank does not compute inflation in Ghana), 3.9 percent growth (one of the lowest among developing co ...
read full comment
What a load of JUNK initiative so people lend you money and you are proud besides you pay 23.3% for a bond yield and logically you it is a great achievement ; the trouble is that you cannot collect your taxes but overspendi ...
read full comment
Borrow at 23% to finance corruption. How do we pay back the interest and the principal? Ghana is doomed at the rate we are going. To those who are happy government is able to borrow for infrastructure this is the end of Ghana ...
read full comment