Ambassador Smith outdoors council of Ghanaian interfaith alliance

Read Comments Comments (8)

• 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 ...
  read full comment

  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

  reply
• Frenchman 9 years ago

  Rubbish, rubbish and rubbish as ussual with no cloues, no substance. Bogus writings.

  Rubbish, rubbish and rubbish as ussual with no cloues, no substance. Bogus writings.

  reply
• moi 9 years ago

  Mtcheeeeeew

  Mtcheeeeeew

  reply
• Bobby 9 years ago

  This is a good idea. Keep keeping on ambassador. Ghanaian community should embrace idea firmly.How I wish others could emulate.

  This is a good idea. Keep keeping on ambassador. Ghanaian community should embrace idea firmly.How I wish others could emulate.

  reply
• eyeoftheSavior-AbidinginSalvation. 9 years ago

  Trying to steal my pain ans suffering out of my Salvation plea. 7941 is a family of spanish and caucacians mix. The woman is white, the man and his uncle are spanish americans hacking into my computers and devices.the father ...
  read full comment

  Trying to steal my pain ans suffering out of my Salvation plea. 7941 is a family of spanish and caucacians mix. The woman is white, the man and his uncle are spanish americans hacking into my computers and devices.the father who moved to woodbridge for a son and uncle to occupy the premises. 41 gives birth to 43 and 34. I am watching closely.you can't fool me opara. I know the bible enough, not to fear no pastor or preacher in USA.
  
  Pay attention to the name Ussein or Hussein. If H is head, US and USS ("engage in") power drunk.

  reply
• eyeoftheSavior-AbidinginSalvation. 9 years ago

  Remember, both nations dealt with SADAM administration in Nineve or Iraq in foe or friendship from early 80's coming in arms or combats. Sadam was the guide to rev13 linking thesanonica. Storey complete for the Lord God.

  Remember, both nations dealt with SADAM administration in Nineve or Iraq in foe or friendship from early 80's coming in arms or combats. Sadam was the guide to rev13 linking thesanonica. Storey complete for the Lord God.

  reply
• eyeoftheSavior-AbidinginSalvation. 9 years ago

  Yet I went through the harassment and attacks to remind the world what early saviors of discipleships went through under superpower religious phoney.

  Yet I went through the harassment and attacks to remind the world what early saviors of discipleships went through under superpower religious phoney.

  reply
• wiseman 9 years ago

  Hey Ambassador, stay out of church business onu lo? separation of church and state onulo?

  Hey Ambassador, stay out of church business onu lo? separation of church and state onulo?

  reply