Anti-corruption institutions weak – Rawlings, Rowley

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PRINCE KWASI ADADE ( OFIE P33 ) 9 years ago

DR BAWUMIA ,THE PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, the ...
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DR BAWUMIA ,THE PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, there is the issue of prudence in the management of Ghana’s resources. How do you go and borrow money for 10.75% (US dollar) and give it to someone to lend it to you at over 20% (GHC)? In effect you are paying over 30%! Assuming stable exchange rates, Ghana will be paying additional interest of at least $50 million a year on this transaction. It really is reckless. The government is claiming that the funds were “idle”. Really? What does that mean? Why do you borrow funds and pay interest on it if you do not have use for them at the moment? It is clear that the GIIF does not have a portfolio of projects ready to invest in and it is weird to allocate a whopping sum of $250 million to them at this time. Is the Minister aware that the country owes N-Gas some $100 million? What about other contractors who are owed money by the government? How can you owe so much, have so much to do and yet claim to have “idle” borrowed funds? The allocation of such an amount to a private bank also has major macroeconomic consequences for a relatively small economy like Ghana. It increases the deposits of the banking system and ultimately the money supply. It has inflationary and exchange rate depreciation consequences and would make it more difficult for the government to meet its inflation target. I am surprised that the government is oblivious of these consequences. The Funds should stay at the Bank of Ghana. After all the Bank of Ghana, on its own or through its external fund managers of the caliber of internationally reputable banks like UBS, JP Morgan, Citibank, Merrill Lynch etc. can undertake whatever investment of the country’s foreign exchange that the government would like it to undertake
facts 9 years ago

Rawlings must wipe away the indemnity clause and proof himself at the courts that he is not corrupt. He should stop declaring war in hiding

Rawlings must wipe away the indemnity clause and proof himself at the courts that he is not corrupt. He should stop declaring war in hiding
j0eY l0nD0n 9 years ago

Hands up if your nation is the most corrupt in the world.
1= North Korea 8/100
1=Somalia 8/100
3=Afganistan 11/10
4=Sudan=12/100
5=South Sudan 15/100
5=Angola15/100
7=Libya 16/100
7=Iraq 16/100
9 =Venezuela 17/100
9 ...
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Hands up if your nation is the most corrupt in the world.
1= North Korea 8/100
1=Somalia 8/100
3=Afganistan 11/10
4=Sudan=12/100
5=South Sudan 15/100
5=Angola15/100
7=Libya 16/100
7=Iraq 16/100
9 =Venezuela 17/100
9=Guinea-Bissau=17/100
9=Haiti 17=100
12=Yemen 18/100
12=Turkmenistan 18/100
12=Syria 18/100
16= Uzbekistan 19/100
17=Zimbabwe 21/100
17=Cambodia 21/100
17=Burundi 21/100
20=Myanmar 22/100
20=DR of Congo 22/100
20=Chad 22/100
Fantastically Corrupt nations are Nigeria and Afghanistan!
TBA.Nigeria's rating index.
Ghana is doing well infact better than certain Euro zone countries. I shall return. JOeY!
BAAH 9 years ago

AND HE KNOWS IT. AS LONG AS MAHAMA WOULD NO BE HIS PUPPET HE GOES AROUNG BAD MOUTHING HIM JUST AS HE DID TO ATTA MILLS.

AND HE KNOWS IT. AS LONG AS MAHAMA WOULD NO BE HIS PUPPET HE GOES AROUNG BAD MOUTHING HIM JUST AS HE DID TO ATTA MILLS.
ghanaman 9 years ago

US President Obama made the same call in his famous visit to African nations. We adore the "Big Man", forgetting it is better to adore "Big Institutions".

US President Obama made the same call in his famous visit to African nations. We adore the "Big Man", forgetting it is better to adore "Big Institutions".
pulpo 9 years ago

You see how democracy is worki g in NDC,oponall the critics of the ndc they still make you meet top diplomats

You see how democracy is worki g in NDC,oponall the critics of the ndc they still make you meet top diplomats
Saint Ghfuo: Mediocrity Stinks!!! 9 years ago

Without laws and paid security personnel to enforce these rule of laws. There will never be societal morals. As simple as abc....

Without laws and paid security personnel to enforce these rule of laws. There will never be societal morals. As simple as abc....
KK 9 years ago

"One of the failings of developing countries is our tendency to allow powerful individuals to prevail over institutions". A sad case of sub-set greater than super-set. If you work in anti corruption institution, compare the p ...
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"One of the failings of developing countries is our tendency to allow powerful individuals to prevail over institutions". A sad case of sub-set greater than super-set. If you work in anti corruption institution, compare the power of your big man to the collective power of individuals working under him, if the former is greater, then your institution is weak, simple.
the shewww AZ 9 years ago

Hypocrites die b4 their tyn. Wat did u do at ur tym.

Hypocrites die b4 their tyn. Wat did u do at ur tym.
OPANINPA 9 years ago

RAWLINGS TOPPLED THE UNCORRUPTED LIMANN'S ADMINISTRATION WITH EXCUSE TO FIGHT CORRUPTION. AFTER 20 YEARS OF RAWLINGS RULE, AND 6 MORE YEARS OF HIS NDC RULE, RAWLINGS IS STILL COMPLAINING ABOUT CORRUPTION. WHAT DID HE DO ABOUT ...
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RAWLINGS TOPPLED THE UNCORRUPTED LIMANN'S ADMINISTRATION WITH EXCUSE TO FIGHT CORRUPTION. AFTER 20 YEARS OF RAWLINGS RULE, AND 6 MORE YEARS OF HIS NDC RULE, RAWLINGS IS STILL COMPLAINING ABOUT CORRUPTION. WHAT DID HE DO ABOUT CORRUPTION? HE HELPED HIMSELF WITH STATE FUNDS, STOLE STATE ASSETS FOR HIS FAMILY, AND GOT OTHERS TO TAKE THE FALL FOR HIM.

Kojo 9 years ago

Yes, I completely agree jerry Rawlings - that the institutions are weak - weakened by people like yourself who play blind to the open corruption by your wife, who uses your name to browbeat public servants to give her other p ...
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Yes, I completely agree jerry Rawlings - that the institutions are weak - weakened by people like yourself who play blind to the open corruption by your wife, who uses your name to browbeat public servants to give her other people's lands for cheap and you selling her our precious state asset (Karidem) at don-gome price when you were president.

Cheeky chap!!
kokotse 9 years ago

You rawlings tell us the anti-corruption institutions you set up when you were president and in what state they were.
your wife has confused you and you will pay for it.
One of the worse leaders we have had staying in power ...
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You rawlings tell us the anti-corruption institutions you set up when you were president and in what state they were.
your wife has confused you and you will pay for it.
One of the worse leaders we have had staying in power for 19 years without any transformational agenda.
Yaa 9 years ago

Honourable Mr Rawlings, you are right. I wish you could be our leader and president for life. You are the best that happened to Ghana, I don't care what anyone says. I was a student when you took the power. All the leaders an ...
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Honourable Mr Rawlings, you are right. I wish you could be our leader and president for life. You are the best that happened to Ghana, I don't care what anyone says. I was a student when you took the power. All the leaders and president who came after you I wished all of them would have had your integrity and your ideas. God bless Mr Rawlings. I wish someone like you will take over again to remove armed robbers, drug dealers and all the evil going on today from Ghana.
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

Hahaha. Rawlings the yo ke gari creditor has forgotten how poor he was. The stupid fool has forgotten that he was so poor he couldn't even afford a mere furniture for his marital home and had to go and steal a seat from a gov ...
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Hahaha. Rawlings the yo ke gari creditor has forgotten how poor he was. The stupid fool has forgotten that he was so poor he couldn't even afford a mere furniture for his marital home and had to go and steal a seat from a government helicopter to furnish his room.

We are talking of someone whose only source of income was a meagre Ghanaian president's salary, yet this fucking dog is one of the richest people in Africa and owns mansions, upon mansions, to speed boats, to what-have-you.

What is Rawlings' source of riches? Does he mind telling us?
Jay 9 years ago

You have your daughter at an event when she got into position thanks to your influence and illegal means as she wasn't a registered voter at the time and you want to advice us about corruption? Tell your wife to give back the ...
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You have your daughter at an event when she got into position thanks to your influence and illegal means as she wasn't a registered voter at the time and you want to advice us about corruption? Tell your wife to give back the cantonments, Nsawam and other lands that she illegally acquired through corrupt means. You are the worst kind of hypocrite JJ. I am very surprised that Ghana still doesn't relegate you to political wilderness.
Kakaminamor 9 years ago

Your wife is the most corrupt person in Ghana.

Your wife is the most corrupt person in Ghana.
CHIEF OF OGYAKROM 9 years ago

THEY WOULD HAVE COME 4 ME IF I HAD SAID SO.

THEY WOULD HAVE COME 4 ME IF I HAD SAID SO.
Plasma Kote 9 years ago

You were very skinny, now after CHOPPING all the Corruption Money you look TWICE your former size.

You were very skinny, now after CHOPPING all the Corruption Money you look TWICE your former size.
Plasma Kote 9 years ago

These TAMEKLOE PEOPLE are not serious !!!!!!!

These TAMEKLOE PEOPLE are not serious !!!!!!!
DEEP THOUGHT 9 years ago

Fuck this pm Rowley!!!

Fuck this pm Rowley!!!

NOBODY 9 years ago

Two people who have had the chance as Presidents to help their countries to strengthen anti-corruption institutions stand together making noise about these institutions being weak. Those institutions are weak because of these ...
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Two people who have had the chance as Presidents to help their countries to strengthen anti-corruption institutions stand together making noise about these institutions being weak. Those institutions are weak because of these same Presidents doing nothing to help strengthen them. In the case of Rawlings, he needs not look farther than at his wife, Nana Konadu, and he'll be reminded of why the anti-corruption institution in Ghana is weak.
kofi adu 9 years ago

oh yes,they won't work because you are corrupt.you are ndc,your wife is whatever,your daughter is ndc.you turn arround to support her for president aside ndc.shame

oh yes,they won't work because you are corrupt.you are ndc,your wife is whatever,your daughter is ndc.you turn arround to support her for president aside ndc.shame
samuel azumah 9 years ago

i wanted to go to school in Trinidad and Tobago.mr Rawlings is doing well in terms of devt of Ghana,i like this.mr Rawlings should lead talks like this.i like the man.i like ezanator also because she is learning from the dad. ...
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i wanted to go to school in Trinidad and Tobago.mr Rawlings is doing well in terms of devt of Ghana,i like this.mr Rawlings should lead talks like this.i like the man.i like ezanator also because she is learning from the dad.i will make sure to call on them whenever i visit Ghana
Heavens 9 years ago

Yes these institutions are really weak. J J of late you are becoming looking face too much. Where did you learn that from? You the hypocrite caused all these mess

Yes these institutions are really weak. J J of late you are becoming looking face too much. Where did you learn that from? You the hypocrite caused all these mess
NII GA 9 years ago

Is Rawlings house worth a state visit itinery

Is Rawlings house worth a state visit itinery
JM 9 years ago

Can JJ and the wife tell God that they not to be counted among the few corrupts in Ghana.? If so the wife should return the factory to Ghana.

Can JJ and the wife tell God that they not to be counted among the few corrupts in Ghana.? If so the wife should return the factory to Ghana.

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Anti-corruption institutions weak – Rawlings, Rowley

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