Govt’s borrowing spree continues

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• Martian Voter 10 years ago

  Criminally irresponsible!

  Criminally irresponsible!

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• Joe Turkey 10 years ago

  With the NDC government borrowing at 25%, which bank would want to lend to any private investor in the country? Presumably this bonds were picked up by Ghanaian banks that have uncontrolled purchase of Government bonds.

  With the NDC government borrowing at 25%, which bank would want to lend to any private investor in the country? Presumably this bonds were picked up by Ghanaian banks that have uncontrolled purchase of Government bonds.

  reply
• Akans Prophecies 10 years ago

  Mahama is scrupulous in spendings. This never ending borrowing is the cause of our legend poverty. Next he debates on achievements which is sending toys to chiefs and broadcasting about uncompleted hospices, school buildings ...
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  Mahama is scrupulous in spendings. This never ending borrowing is the cause of our legend poverty. Next he debates on achievements which is sending toys to chiefs and broadcasting about uncompleted hospices, school buildings and untarred roads ! It was useless inviting this good for nothing to Malta to stop our African econiomic immigration ! Who will ever dwell in a country that a fake president have no clue on economic reformation ? A fool who auto destruct every good planning of resources and throw the populaces into unecessary abject porverty !

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• Naayale Woyome 10 years ago

  Hey my friend, stop the long English. Say it as it is. These people are damned stupid idiots.

  Hey my friend, stop the long English. Say it as it is. These people are damned stupid idiots.

  reply
• Seth 10 years ago

  Take the tools and machinery and grow big plantains of cocoa, palm oil trees and cassava and add value to it to export. Is this difficult or we just do not know the outcome. Borrowing to pay debt must be borrowing to invest ...
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  Take the tools and machinery and grow big plantains of cocoa, palm oil trees and cassava and add value to it to export. Is this difficult or we just do not know the outcome. Borrowing to pay debt must be borrowing to invest to export and pay back.Are we senseless people.

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• Obenfo 10 years ago

  This borrowing to redeem previous debt cycle which this government has implemented would be very difficult to break. Payment of Debt is going to hang on Ghana's neck for years to come. US Fed is contemplating on raising inte ...
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  This borrowing to redeem previous debt cycle which this government has implemented would be very difficult to break. Payment of Debt is going to hang on Ghana's neck for years to come. US Fed is contemplating on raising interest rates from near zero, and that will even worsen the case for Ghana.
  
  Terkper - the IMF Agent, has returned Ghana to a modern day slavery. Ghana will forever work to pay interest to its Debtors - so sad that we have indirectly put ourselves back into slavery. I guess Black people were not made to be free in this world, PERIOD!

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• KnYc(USMC) 10 years ago

  $21 billion will be pay as a interest to be paid to investors within the next 5 years. This government is useless, ndc is distrosying Ghana.

  $21 billion will be pay as a interest to be paid to investors within the next 5 years. This government is useless, ndc is distrosying Ghana.

  reply