Gov’t borrows GH¢5.3bn to pay debts

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agbovitor, new york 10 years ago

Foolish and aimless leaders

Foolish and aimless leaders
Gyeeda, Subah, Sada, Woyome 10 years ago

We have a foolish persident. His name is jon fool maaaaama. He is a thief and an idiot. I need someone to prove me wrong. If a wise man leads a country, all things go on well but if a fool leads one country, we see corruption ...
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We have a foolish persident. His name is jon fool maaaaama. He is a thief and an idiot. I need someone to prove me wrong. If a wise man leads a country, all things go on well but if a fool leads one country, we see corruption, stealing of national funds from our treasury, we see the institution of Gyeeda, Isofoton, RLG, Sada, Subah etc all in the name of fraudulent judgement debt. And above all if a fool leads a country, the whole country is overshadowed with darkness known as dumsor. The man himself is a curse because he started by killing his own boss, only to take his seat. He is a fool and his name is jon maaaaaaaama.
Anonymous Coward 10 years ago

They are more than stupid. Absolutely useless leaders.

They are more than stupid. Absolutely useless leaders.
United Ghana 10 years ago

Foolish & aimless isn't enough. Add corrupt, visionless, clueless, tribalistic, abuse of power ................. It goes on & on.

Foolish & aimless isn't enough. Add corrupt, visionless, clueless, tribalistic, abuse of power ................. It goes on & on.
puncho 10 years ago

Foolish & aimless isn't enough. Add corrupt, visionless, clueless, tribalistic & DEAD GOAT. HAHAHAHAHAH

Foolish & aimless isn't enough. Add corrupt, visionless, clueless, tribalistic & DEAD GOAT. HAHAHAHAHAH
Awudu muhammed 10 years ago

so dis is how u manage ur various homes rit ???? u go on borrowing n borrowing onli to leave an accumulated debts for ur children children children to come and pay. And to talk about the numerous monies u v stolen frm the f ...
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so dis is how u manage ur various homes rit ???? u go on borrowing n borrowing onli to leave an accumulated debts for ur children children children to come and pay. And to talk about the numerous monies u v stolen frm the family's funds created by ur forefathers left to u ??? similar to what NDC Government and it's cursed leaders are doing to the Motherland! The stolen monies alone can settle all debts owned by the country. God sees everything n all r still illiterate slaves who can't redeem the country frm colonialism n u v resorted to chopping state funds, believe me u will 4ever n ever regret!!!
Akos 10 years ago

So in other words, instead of finding a way to payoff lenders, you rather acquire more loans in order to pay your debts? So Ghana will always be an indebted nation. The sad part of this is that, all these loans are not being ...
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So in other words, instead of finding a way to payoff lenders, you rather acquire more loans in order to pay your debts? So Ghana will always be an indebted nation. The sad part of this is that, all these loans are not being utilize for anything good that'll benefit Ghanaians.
Ghana must know. 10 years ago

That's high level of incompetence . The ndc party is the most useless in the history of our nation. What a shame.

That's high level of incompetence . The ndc party is the most useless in the history of our nation. What a shame.
Farmer 10 years ago

Think about what's going to happen in 2016 - and then possibly another 4 years. Ghana will be officially bankrupt long before the 2020 election year w/o a major change of direction. However, that change will be unbelievablely ...
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Think about what's going to happen in 2016 - and then possibly another 4 years. Ghana will be officially bankrupt long before the 2020 election year w/o a major change of direction. However, that change will be unbelievablely painful for the country.
kkb 10 years ago

How do you clear your debt if you keep burrowing to pay interest on matured debt

How do you clear your debt if you keep burrowing to pay interest on matured debt

Maame Abena 10 years ago

One would even borrow to invest, but to take loans to service debt? The NDC government is hopeless.

One would even borrow to invest, but to take loans to service debt? The NDC government is hopeless.
Pelicles 10 years ago

NDC is more than hopeless. They are the most irresponsible, reckless, pathetic etc., government in the history of our dear nation. Can you tell me the last time a group of truants did anything that impact humanity? That is N ...
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NDC is more than hopeless. They are the most irresponsible, reckless, pathetic etc., government in the history of our dear nation. Can you tell me the last time a group of truants did anything that impact humanity? That is NDC.
Rose Royse 10 years ago

its easy to live in fools paradise

its easy to live in fools paradise
Ed 10 years ago

These guys are running "Ponzi scheme" economics for Ghana. Very soon, we shall hit a brick and we'll have nowhere to turn to. It's pathetic, but the average Ghanaian doesn't get it and will still vote for this corrupt governm ...
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These guys are running "Ponzi scheme" economics for Ghana. Very soon, we shall hit a brick and we'll have nowhere to turn to. It's pathetic, but the average Ghanaian doesn't get it and will still vote for this corrupt government to stay in power in 2016. We're doomed!!
Lord Lucan 10 years ago

Surely there can’t be anybody with more than a couple of brain cells to rub together who seriously believes that such a loan will ever be repaid - other than by the sequestration of collateral.

So what exactly is bei ...
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Surely there can’t be anybody with more than a couple of brain cells to rub together who seriously believes that such a loan will ever be repaid - other than by the sequestration of collateral.

So what exactly is being offered up as the inevitable ‘pound of flesh’ to be forsaken when this dodgy deal goes horribly wrong and the economy finally implodes upon itself?
Fiifi 10 years ago

If feel sorry for our nation.

I understand the importance of borrowing to refinance debts, however, what I find ridiculous is borrowing at a high interest rate to pay off existing debts which are cheaper but for cash flow ...
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If feel sorry for our nation.

I understand the importance of borrowing to refinance debts, however, what I find ridiculous is borrowing at a high interest rate to pay off existing debts which are cheaper but for cash flow reasons extend the term of the repayment of the expensive loan to make it affordable.

Yes, it is affordable in the sort term but in the long terms it's more expensive. Worse of it is the fact that it's a Euro bond not owned by Ghanaians but foreigners and repayment is kind of a bullet-form. How can our currency be strong when our inflows or income is far less than our expenditures. How will we repay these debts if we're are running a deficit budget? How do we expect interest rates to come down at this rate of downward spiral of the government finances?

Sorry Ghana!!! Sorry for the young generation!! Sorry for our unborn children!!! Our country is heading towards the abyss of terrible economic hardships if nothing is done to stop the current incompetent managers of our economy.
Fiifi 10 years ago

See Exodus 28:43-44

And the entire chapter.

There's too much evil being propagated in our land... everything seems to be falling apart- right from the judiciary all the way down to the those involved in illegal mining w ...
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See Exodus 28:43-44

And the entire chapter.

There's too much evil being propagated in our land... everything seems to be falling apart- right from the judiciary all the way down to the those involved in illegal mining who have destroyed our water bodies and arable lands coupled with the deterioration of our educational standard.
Menno Banana 10 years ago

Haven't seen any1 from NDC commenting. Cos they know is true and we are ruined at least for 15yrs we will be.

Haven't seen any1 from NDC commenting. Cos they know is true and we are ruined at least for 15yrs we will be.

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Gov’t borrows GH¢5.3bn to pay debts

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