Show proof of decision to invest $250 at UBA – Baako

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PRINCE KWASI ADADE ( OFIE P33 ) 9 years ago

SOURCE : E.K. AGYARKO ( MP ) SPEAKING AT CITI FM - - - - - - - **“I think that Occupy Ghana must go beyond the branding and begin to look at those buses themselves. Government went for a loan of 40 million dollars to procur ...
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SOURCE : E.K. AGYARKO ( MP ) SPEAKING AT CITI FM - - - - - - - **“I think that Occupy Ghana must go beyond the branding and begin to look at those buses themselves. Government went for a loan of 40 million dollars to procure 200 buses. So far they have done 116. You must find out why the remaining buses have not come in yet.” When the host of The Big Issue, Umaru Sanda Amadu probed further, the MP said he can provide the parliamentary report on his claims. “If you go on and begin to interrogate those buses, you will find out that the branding is chicken feed. I am saying that go and find out how come $40 million imports 200 buses, if work out the difference, [it will mean that] one Chinese bus comes up to a cost of 200,000 dollars. I think it is ridiculous,” he added.
PRINCE KWASI ADADE (OFIE P33) 9 years ago

SOURCE: GHANA MUST KNOW FORUM----------- ***Ladies and gentlemen of the media, with your pens and the help of a calculator, lets us all do these simple mathematics. This mathematics which can even be done by a BECE candidate ...
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SOURCE: GHANA MUST KNOW FORUM----------- ***Ladies and gentlemen of the media, with your pens and the help of a calculator, lets us all do these simple mathematics. This mathematics which can even be done by a BECE candidate who cannot write his final exams without questions leaks, and could not be done by President Mahama nor Seth Terkper as they want us to believe, will reveal to us how deliberately corrupt and financially reckless they are as far as the management of our economy is concerned. The Eurobond attracts an interest of 10.75% to be paid by the government of Ghana, $250m out of it is illegally deposited in UBA, a private bank. The bank, which is UBA in turn, decides to buy GHS 950 million of government Treasury bills at a rate of 24% (using the 1-year note); the bank would have made a hefty GHS 233 (USD 61) million profit in nominal terms just by loaning this same money to the government. Friends in the media, if this is not a 419 scam visited on unsuspecting Ghanaians by President Mahama, then what else is it? – Meanwhile, this is a President who is walking freely on the streets of London shamelessly mocking Ghanaians that he has never taken bribe, my goodness!!! Note therefore, that Government is paying 10.75% 24% which is 34.75% interest on the money he borrowed from the capital market. Government is paying 24% interest on his own money to a private firm. Is this sheer wickedness, foolishness, witchcraft or what? We cannot help, but agree with Nana Konadu Agyeman Rawlings when she posited few days ago and I quote, “If you borrow money at a high interest rate to lend it to another at a low interest rate then borrow your own money back from them at a high interest rate, you are either not wise, a thief or both. No wonder their campaign message of “vote for us so they don’t jail us, it’s time to save Ghana from this criminality”. For the GHANA MUST KNOW forum, we believe they are both – unwise and thieves, and more so 419 scammers
sanjay - Abu Dhabi 9 years ago

we will continue to vote mahama, we need peace not all die be die violence npp, long live mahama, NDC all the way

we will continue to vote mahama, we need peace not all die be die violence npp, long live mahama, NDC all the way
Ase 9 years ago

No rebuttal to arguments only insults by NDC operatives. They are constipated of ideas

No rebuttal to arguments only insults by NDC operatives. They are constipated of ideas
OLD SOLDIER 9 years ago

AUTHOR: NDC-------
If presidency was just borrowing to build bridges, construct roads, and schools then any IMBECILE can become president, but Mahama and his government can't use their brains to transform the economy to crea ...
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AUTHOR: NDC-------
If presidency was just borrowing to build bridges, construct roads, and schools then any IMBECILE can become president, but Mahama and his government can't use their brains to transform the economy to create jobs and opportunities for the teeming unemployed graduates, mahama is just useless
OLD SOLDIER 9 years ago

Unfortunately, none of these politician is a political bulldozer in the league of president John Mahama to shock Ghanaians unless Ndc sabotage its own chances, the opposition is just pretending to have a shot at ousting Presi ...
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Unfortunately, none of these politician is a political bulldozer in the league of president John Mahama to shock Ghanaians unless Ndc sabotage its own chances, the opposition is just pretending to have a shot at ousting President John Mahama and his ruling Ndc. President John Mahama's ruling Ndc is virtually assured of keeping power in the November 7th vote.
True Talk 9 years ago

No wonder the only people who support Mahama and the NDC are like Bukom Banku. People who want to bleach their skins, thinking they will become German.

No wonder the only people who support Mahama and the NDC are like Bukom Banku. People who want to bleach their skins, thinking they will become German.
True Talk 9 years ago

Typically clueless. Voting for NDC because someone offers you 50 cedis in a matchbox. Forgetting your electricity, food and transportation will cost you more in a week under a corrupt and incompetent NDC

Typically clueless. Voting for NDC because someone offers you 50 cedis in a matchbox. Forgetting your electricity, food and transportation will cost you more in a week under a corrupt and incompetent NDC
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

Hey NPP bozo, adding up interest rates doesn't tell you how much you will earn on your deposit (Principal). The math is far complicated than just adding interest rates. You need to know the "terms of payment" (Monthly, Quarte ...
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Hey NPP bozo, adding up interest rates doesn't tell you how much you will earn on your deposit (Principal). The math is far complicated than just adding interest rates. You need to know the "terms of payment" (Monthly, Quarterly, Semi-annually, or Annually). In the worse case scenario (which is theoritical, we have something we call the "Force of Interest". Dumbass rat, you also need to know whether interest will be calculated as Simple interest or Compound interest (Albert Einstein says this is the 8th Wonder of the world), etc.

So next time you decide to go to town with your staggering ignorance, get to know that adding up interest rate doesn't give you interest earned. Moose!
K Mensah 9 years ago

Old Soldier, Keep on daydreaming. You will be shocked after this year's elections.

Old Soldier, Keep on daydreaming. You will be shocked after this year's elections.

JONA 9 years ago

IT WON'T WASH. ALL YOUR EFFORTS ARE IN FUTILITY.

IT WON'T WASH. ALL YOUR EFFORTS ARE IN FUTILITY.
Lawyer 9 years ago

We will vote. For Mahatma even if they empty the coffers of Ghana as NPP wants Ghanaiansvto believe.....they think we will quickly and quietly forget their 8yrs rule of lies and corruption..they think when they use Ghanains, ...
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We will vote. For Mahatma even if they empty the coffers of Ghana as NPP wants Ghanaiansvto believe.....they think we will quickly and quietly forget their 8yrs rule of lies and corruption..they think when they use Ghanains, are suffering and NDC is corrupt ,we will vote for their NaNa..we know their game...they even start with the first lie and forgery..Nana the "lawyer"
Odikr@ 9 years ago

Should K Baako,be interested in finding out the truth...his first port of call is the searchable database of the Panama Papers,pertaining to Ghana.

Should K Baako,be interested in finding out the truth...his first port of call is the searchable database of the Panama Papers,pertaining to Ghana.
JONA 9 years ago

LOOK AT THE FACE LIKE THAT OF A SHREW .

LOOK AT THE FACE LIKE THAT OF A SHREW .
Bobby, Denmark 9 years ago

25m dollars was stolen. We thank Bawumia for exposing them.Thieves.

25m dollars was stolen. We thank Bawumia for exposing them.Thieves.
HolyGhost 9 years ago

Bawumia exposed what, he is just a pathological liar and a rumour monger

Bawumia exposed what, he is just a pathological liar and a rumour monger
Ase 9 years ago

No rationale for moving the 250 million.

No rationale for moving the 250 million.
Nana Adjapong NTRA SAKYI 9 years ago

You are more of an idiot than Kwaku Baako. Why don't you shut up since you have no brain to understand, appreciate and make a meaningful contribution to what Kwaku Baako has just said? It is very sad that democracy allows peo ...
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You are more of an idiot than Kwaku Baako. Why don't you shut up since you have no brain to understand, appreciate and make a meaningful contribution to what Kwaku Baako has just said? It is very sad that democracy allows people of your type to vote in elections.
Pelicles 9 years ago

I can tell you that you have no idea about the issue being discussed and you are not alone. Most NDC supporters are too dumb. They lack critical thinking because what the finance minister did does not make sense in monetary t ...
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I can tell you that you have no idea about the issue being discussed and you are not alone. Most NDC supporters are too dumb. They lack critical thinking because what the finance minister did does not make sense in monetary terms.

Now, will you loan money to someone at an interest rate of 10% then go back and borrow the same money from that person at an interest rate of 40%? Will you do that? That is what NDC has done and it makes sense to NDC idiots.
Haile Selaise Mengistus III 9 years ago

I find it very difficult to follow Kwaku Baako's logic , requesting for a proof of decision to invest $250M @ UBA.
I think it will be a waste of time and energy to investigate or to determine if there has been any serious th ...
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I find it very difficult to follow Kwaku Baako's logic , requesting for a proof of decision to invest $250M @ UBA.
I think it will be a waste of time and energy to investigate or to determine if there has been any serious thinking done to invest the money.
The decision have already been taken and said to be yielding fruit.
The question we as a nation should be asking ourselves irrespective of the cheap political goal some think they can achieve by exaggerating this issue is " what would one have done in a similar situation " ?
Would you leave the money idle at the Bank of Ghana or you would invest the money? What is the most prudent thing to do under the circumstances?
Aside the political label by Bawumia that the money invested in UBA was to be used for the 2016 political campaign and granted that this is propaganda, is it a wise decision by the Ministry of Finance to invest the $250M in UBA until the seed money is demanded for use in the infrastructure sector.
What would Kweku Baako and Dr. Bawumia do if the are trusted with that money on behalf of the nation?

NANA AKUFO-ADDO-URSULA OWUSU 9 years ago

It was because Nana Akufo_addo was refused a seat on the board of UBA that is why Bawumia is projecting the USD250m Euroband issue. Shame unto NPP who will never win elections in Ghana.

It was because Nana Akufo_addo was refused a seat on the board of UBA that is why Bawumia is projecting the USD250m Euroband issue. Shame unto NPP who will never win elections in Ghana.
Ase 9 years ago

Your argument is shallow. What being on the board got to do with this

Your argument is shallow. What being on the board got to do with this
Bobby, Denmark 9 years ago

Ndc is full of thieves. Vicky hammah, wayome, lodina, Ibrahim, okudjato, Fiifi, Omane boama, Abuga Pele and co. Huuuuu! Akronfour.

Ndc is full of thieves. Vicky hammah, wayome, lodina, Ibrahim, okudjato, Fiifi, Omane boama, Abuga Pele and co. Huuuuu! Akronfour.
kokose 9 years ago

Which economics language do Kweku Baako Malik understand that a proof can make him satisfy or wise.

Which economics language do Kweku Baako Malik understand that a proof can make him satisfy or wise.
Kojo Morovia 9 years ago

Foolish Baako. Go to Japan again and celebrate your birthday. Ofui. You and Kuffour used my tax money to celebrate your birthday in Japan. Kwasia!

Foolish Baako. Go to Japan again and celebrate your birthday. Ofui. You and Kuffour used my tax money to celebrate your birthday in Japan. Kwasia!
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

Kweku Banku the stomach journalist. Remind him again to go to Japan and celebrate his birthday over there.

Remember when he promised fire and brimstone that he will do anything under the sun to make sure the NDC is not el ...
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Kweku Banku the stomach journalist. Remind him again to go to Japan and celebrate his birthday over there.

Remember when he promised fire and brimstone that he will do anything under the sun to make sure the NDC is not elected?

Someone tell him that his MPP paymasters who sent him to celebrate his birthday in Japan aren't coming back anytime soon. Abuaaa like that.
Kwei- Accra 9 years ago

Who are you Kweku Baako to insist unless you are shown proof....,Mr. know all why didn't you unravel this transaction earlier on yourself.

Who are you Kweku Baako to insist unless you are shown proof....,Mr. know all why didn't you unravel this transaction earlier on yourself.
Eric Danddo 9 years ago

Buch of Criminal no wonder they deal with Fantastic Corupted Nigeria Bank

Buch of Criminal no wonder they deal with Fantastic Corupted Nigeria Bank
Eric Danddo 9 years ago

They would have Pocketed the interest if Bawumia did not disclose it. This not new Bunch of Criminals

They would have Pocketed the interest if Bawumia did not disclose it. This not new Bunch of Criminals
Eric Danddo 9 years ago

This is Dishonesty. Mahama is aware

This is Dishonesty. Mahama is aware

Eric Danddo 9 years ago

250 Million in Nigeria Bank
Fantastic Coruption

250 Million in Nigeria Bank
Fantastic Coruption
kOFI MANU 9 years ago

I WOULD LIKE TO ASK THE GOVERNMENT WHY IT CANNOT PROVIDE SIMPLE PASSPORT FOR HER NATIONALS ABROAD WHO WANT TRAVEL TO GHANA. MOST OF THE NATIONAL ABROAD HAVE THEIR PASSPORT EXPIRED AND WHEN YOU GO THE EMBASSIES ALL THAT THEY S ...
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I WOULD LIKE TO ASK THE GOVERNMENT WHY IT CANNOT PROVIDE SIMPLE PASSPORT FOR HER NATIONALS ABROAD WHO WANT TRAVEL TO GHANA. MOST OF THE NATIONAL ABROAD HAVE THEIR PASSPORT EXPIRED AND WHEN YOU GO THE EMBASSIES ALL THAT THEY SAY IS WE DON'T HAVE ANY NEW BOOKS TO ISSUE AS PASSPORT. THIS IS VERY DISTURBING AS MOST OF US WANT TO TRAVEL BACK HOME FOR URGENT ASSIGNMENT.THE GOVERNMENT SHOULD ATTEND THIS ISSUE AS URGENT BEFORE WE VANDALIZE ALL GHANAIAN EMBASSIES ABROAD
USMAN 9 years ago

UBA is owned by the Federal Government of Nigeria and so if Tekper wishes to invest Ghana Government's money why did he choose UBA over GCB, ADB or NIB which are Ghana Government owned.
Is Tekper patriotic at all? Indeed, we ...
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UBA is owned by the Federal Government of Nigeria and so if Tekper wishes to invest Ghana Government's money why did he choose UBA over GCB, ADB or NIB which are Ghana Government owned.
Is Tekper patriotic at all? Indeed, we have vagabonds in power. Mahama and the NDC are ready to sell Ghana to foreigners for their own gain. UBA was born out of patriotism. UBA used to be a British owned bank but the Federal Government of Nigeria nationalised it to become a fully owned bank of Nigeria because of patriotism. Tekper should have also been driven by patriotism to hand this juicy investment to Ghana Government owned banks, especially,when the motive is to invest in a Ghana Government treasury bills. In legal form, UBA is registered in Ghana but the substance of the Matter is that any profit made will be repatriated to Nigeria with lightening speed and Ghana will be back to square one notwithstanding the inflationary and exchange rate implications that will follow suit.
May God help mother Ghana.
Victor A. Young 9 years ago

Dr. Bawumia is so clever that he's exposed the corrupt John Mahama-led NDC gov't in this dubious $250 million UBA investment. But instead of apologizing to Ghanaians, the finance minister, Seth Terpker would rather insult Dr. ...
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Dr. Bawumia is so clever that he's exposed the corrupt John Mahama-led NDC gov't in this dubious $250 million UBA investment. But instead of apologizing to Ghanaians, the finance minister, Seth Terpker would rather insult Dr. Bawumia; he says the astute economist is ignorant and clueless. It's so funny! Attempts by the corrupt NDC gov't to siphon money into another bank for their secret business has backfired! Dr. Bawumia has blown the lid wide open and that's why the NDC is fuming. "Tiiifs" in power!
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

What is stopping you from going to court? Dumbass!

What is stopping you from going to court? Dumbass!
Goliath 9 years ago

Dead right! Show the documentation - analysis, minutes of relevant meeting that arrived at this decision and when this took place vis-a-vis actual transactions! Heartless crooks!!

Dead right! Show the documentation - analysis, minutes of relevant meeting that arrived at this decision and when this took place vis-a-vis actual transactions! Heartless crooks!!
********* 9 years ago

Yes there was a guy aspiring to be a member of parliament who tried to put a spin on the stealing with fake letters to tell Ghanaians that the money was transferred in Ghana cedis
Hmmmmm, so you borrow in cedis at 23% and ...
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Yes there was a guy aspiring to be a member of parliament who tried to put a spin on the stealing with fake letters to tell Ghanaians that the money was transferred in Ghana cedis
Hmmmmm, so you borrow in cedis at 23% and invest at 11% eh?!. As Nanaa said it is either they are stupid, thieves or both. What a criminal bunch.
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

Stupid dumbass, will you leave your money to sit in a bank account that is paying zero interest rate or you will put it in an account where it is earning 12% interest?

The board of directors of the Ghana Infrastructural I ...
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Stupid dumbass, will you leave your money to sit in a bank account that is paying zero interest rate or you will put it in an account where it is earning 12% interest?

The board of directors of the Ghana Infrastructural Investment Fund (GIIF) is vested with the a fiduciary duty to manage and grow the resources of the Fund so that in the long-term, it can be self-sustaining.

This bozo and stomach journalist must be told to keep his illiteracy to himself. Kufuor sent him to school at GIMPA and he didn't understand what was being taught. The dumbass dead-brain is mathematically-challenged. He was at sea.
He must be reminded that he's a dropout who could NOT even complete the mere Form 5 at Nsien Secondary School in the western region.

If the NPP and its yahoo followers think that a wrong has been done by the board of GIIF, they should proceed to court and stop the "Patapaa", Propaganda, Lies, Smearing, and Machinations. None of these will help your divided and fractious party win the 2016 election.

Remember when Kweku Baako promised Ghanaians he will do anything under the sun to make sure the NDC is not elected? Remember? His NPP paymasters will like to hear more from him but he's a "damaged goods", to use his own phrase.
Antonio 9 years ago

Hmmm! Such people are leading a country! It takes only wise and the educated to understand how our country is being robbed by the leadership. I don't blame the government but rather some Ghanaians. Change to save Ghana now!

Hmmm! Such people are leading a country! It takes only wise and the educated to understand how our country is being robbed by the leadership. I don't blame the government but rather some Ghanaians. Change to save Ghana now!
zak 9 years ago

these are the type of journalist we need not the fake ones who call themselves polling experts

these are the type of journalist we need not the fake ones who call themselves polling experts
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

Folks are so stupid and dumb it scares the hell out of you. A bunch of fools who are so gullible and unsophisticated they fall for anything simply because they lack the kernel to process the issues. Dummies!

What is stopp ...
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Folks are so stupid and dumb it scares the hell out of you. A bunch of fools who are so gullible and unsophisticated they fall for anything simply because they lack the kernel to process the issues. Dummies!

What is stopping the NPP and its yahoos from going to court on this issue? Kwaseafuo!
Haruna rashed wayo 9 years ago

I always said this man called Mr documents is a son of a mad man who betrayed our first president

I always said this man called Mr documents is a son of a mad man who betrayed our first president
Derek 9 years ago

When you read some of the comments on this platform you wonder were all our manners have gone. Discuss the issues and please refrain from the insults. When Trumph says our own governments are enslaving us I don't blame him. J ...
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When you read some of the comments on this platform you wonder were all our manners have gone. Discuss the issues and please refrain from the insults. When Trumph says our own governments are enslaving us I don't blame him. Just looting and you get people to support them. Blind faith in man and not God. Kweku please continue to expose these unscrupulous crooks
James 9 years ago

Yu

Yu

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Show proof of decision to invest $250 at UBA – Baako

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