Minister demands BMW to monitor Achimota-Ofankor highway project

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YAA-YAA 9 years ago

They pretended to be SOCIAL DEMOCRATS..... YET VERY CAPITALIST MINDED..... and greedier than even real USA capitalists....

They pretended to be SOCIAL DEMOCRATS..... YET VERY CAPITALIST MINDED..... and greedier than even real USA capitalists....
PRINCE KWASI ADADE ( OFIE P33 ) 9 years ago

DR BAWUMIA ,THE ECONOMIC 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 lega ...
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DR BAWUMIA ,THE ECONOMIC 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
Frank Agyena-Karikari 9 years ago

And Mahama says there is no corruption in his government? Let BBC news and Sanjay comment on this.

And Mahama says there is no corruption in his government? Let BBC news and Sanjay comment on this.
OLD SOLDIER 9 years ago

DR BAWUMIA ,THE ECONOMIC 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 lega ...
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DR BAWUMIA ,THE ECONOMIC 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
kj 9 years ago

Ghana govt funds a project and awards contract to Chinese... Are there no Ghanaian contractors?

Ghana govt funds a project and awards contract to Chinese... Are there no Ghanaian contractors?
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.
SD 9 years ago

Let the idiot stop repeatedly posting this falsehood. You have been corrected before

Let the idiot stop repeatedly posting this falsehood. You have been corrected before
ABBA ATTA 9 years ago

USMAN, THOUGH UBA IS A NIGERIA BANK, IT IS NOT, REPEAT OPERATING UNDER NIGERIA BANKING LAW IN GHANA. EVERY FOREIGN COMPANY OPERATES UNDER THE REGULATIONS OF THE COUNTRY IN WHICH IT OPERATES. STANDARD CHARTERED AND BARCLAYS AR ...
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USMAN, THOUGH UBA IS A NIGERIA BANK, IT IS NOT, REPEAT OPERATING UNDER NIGERIA BANKING LAW IN GHANA. EVERY FOREIGN COMPANY OPERATES UNDER THE REGULATIONS OF THE COUNTRY IN WHICH IT OPERATES. STANDARD CHARTERED AND BARCLAYS ARE BRISTISH, ROYAL BANK IS SCOTISH, WE HAVE BANK OF AFRICA, SAHEL BANK AND SOME OTHERS, GOVERNMENT WORKS WITH ALL BANKS OPERATING IN GHANA, THEY ARE NOT TINTED BY THEIR ROOTS PLEASE, GET USE TO HOW BUSINESSES OPERATE IN INTERNATIONAL BUSINESS, AND STOP THE MYOPIC THINKING MINDSET DEVELOPED FROM A TRIBALISTIC GA, ASHANTI,NZEMA, DAGOMBA ETC ATTITUDE, WHICH HAS NOW MOVED TO NIGERIA, SEIRRA LEONE, TOGO, BENIN ETC
Kaymensah 9 years ago

This is just the tip of the iceberg. We haven't seen anything yet.

This is just the tip of the iceberg. We haven't seen anything yet.
YAA-YAA 9 years ago

Greedy ndc hypocritical attitude has been used to destroy Ghana completely.....

Greedy ndc hypocritical attitude has been used to destroy Ghana completely.....

YAA-YAA 9 years ago

Eeeeiiiiii see how ndc conspired to dupe Ghanaians big time through dubious judgment debts payments to cronies like woyome etc etc hahahaaaa ide biiiiiiii Keke thieves in government blind to the pains of the poor kayayes and ...
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Eeeeiiiiii see how ndc conspired to dupe Ghanaians big time through dubious judgment debts payments to cronies like woyome etc etc hahahaaaa ide biiiiiiii Keke thieves in government blind to the pains of the poor kayayes and trokosis are going through real poverty yet ndc continues to loot and share whist they vote for ndc....
Asante 9 years ago

I was disappointed in the minister for roads constructed in parts of the southern volta region while priority roads are crying for rehabilitation

I was disappointed in the minister for roads constructed in parts of the southern volta region while priority roads are crying for rehabilitation
YAA-YAA 9 years ago

NDC only prefers propaganda to the truth on the ground....

NDC only prefers propaganda to the truth on the ground....
#I CHOOSE JDM 9 years ago

The Minister was sacked and the vehicle seized by Nationality Security and packed at the Castle. This was during the late Prof Mills period. Why is the story being recycled as if it just happened? I guess there are no new thi ...
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The Minister was sacked and the vehicle seized by Nationality Security and packed at the Castle. This was during the late Prof Mills period. Why is the story being recycled as if it just happened? I guess there are no new things to report. Shame.
Joe P 9 years ago

It appears you don't understand English.Go back and read the story before commenting. No wonder you are campaigning for NDC thieves.

It appears you don't understand English.Go back and read the story before commenting. No wonder you are campaigning for NDC thieves.
NSEMPII 9 years ago

Does the report mentioned when these MPs became aware of this revelation? Go back and read and point out which date was stated as the day the MPs expressed their anger. There is no date. When was the disclosure made? It is ve ...
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Does the report mentioned when these MPs became aware of this revelation? Go back and read and point out which date was stated as the day the MPs expressed their anger. There is no date. When was the disclosure made? It is very clear that this old news was recycled for propaganda purposes, because this was carried out in the news over two years ago, even before the passing of Prof Atta Mills. The Minister was sanctioned. Why recycle the story again?
small jim 9 years ago

hahaha - today must be a slow news day. if starrfm will trot out a five year old story then hmmmm.... am sad for NPP.
Sad!!!!!

hahaha - today must be a slow news day. if starrfm will trot out a five year old story then hmmmm.... am sad for NPP.
Sad!!!!!
Frank Agyena-Karikari 9 years ago

If Mahama is fighting corruption, why was the minister not prosecuted?

If Mahama is fighting corruption, why was the minister not prosecuted?
Nana Kwame -Boston USA 9 years ago

Mahama asem ben koraa ni.Oh Ghana.God will punish all of them.

Mahama asem ben koraa ni.Oh Ghana.God will punish all of them.
sam 9 years ago

NDC will get people like Kwaku Baohen who is always insulting and denegrading Nana Addo to deny this report. full time politicians who make millions by just sitting on radio insiulting people who have acheived more in life th ...
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NDC will get people like Kwaku Baohen who is always insulting and denegrading Nana Addo to deny this report. full time politicians who make millions by just sitting on radio insiulting people who have acheived more in life than him just in the name of politics. if we as Ghanaians don't change our attitude in politics then i dont see Ghana moving any forward because we always defend undefensible issues just in the name of politics. sometimes i pity the youth who have sold themselves to politicians just for them the ahcieve their selfish aims.

OKOE 9 years ago

WE ARE IN THE YEAR 2016 AND SO MANY PhD IN GHANA, WE CANNOT FIND A COMPETENT GHANAIAN CONTRACTORS TO BUILD OUR ROADS. THE PROBLEM IS THAT IF THERE ARE COMPETENT CONTRACTORS AROUND, THE MINISTERS AND THE GOVERNMENT WILL NOT GI ...
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WE ARE IN THE YEAR 2016 AND SO MANY PhD IN GHANA, WE CANNOT FIND A COMPETENT GHANAIAN CONTRACTORS TO BUILD OUR ROADS. THE PROBLEM IS THAT IF THERE ARE COMPETENT CONTRACTORS AROUND, THE MINISTERS AND THE GOVERNMENT WILL NOT GIVE THE CONTRACT TO THEM. THE CONTRACT WOULD BE GIVEN TO THE CHINESE BECAUSE THEY ARE SURE TO GET BMW TO USE IN INSPECTING THE CONTRACT. CAN YOU BELIEVE THIS?WHENEVER YOU SEE COTRACTS GOING TO THE CHINESE, IS BECAUSE THEY CAN EASILY PROVIDE THE KICKBACKS. MY MOM USE TO SAY, IF SOMETHING IS BITING YOU, REMEMBER IT IS IN YOUR CLOTH. AFRICA IS BACKWARD BECAUSE OF OUR OWN LEADERS SERVING THEIR STOMACHS FIRST. DID THEY MENTION THE CHINESE? DR. NKRUMAH WAS KILLED BECAUSE HE WAS SUPPOSEDLY A COMMUNIST. WHAT AN IRONY!!!
OKOE 9 years ago

Not a competent contractors but a competent contractor.

Not a competent contractors but a competent contractor.
Efua 9 years ago

Its no wonder that after 59 years of independence, we have gone backwards instead of the forward ever ala Kwame Nkrumah. Its sad that the 'white collar' thieves go scot free but 40 years for a hoi polio who steals a goat.

Its no wonder that after 59 years of independence, we have gone backwards instead of the forward ever ala Kwame Nkrumah. Its sad that the 'white collar' thieves go scot free but 40 years for a hoi polio who steals a goat.
Osono 9 years ago

I'm beginning to believe that ndc needs to give way to another party.Corruption is too much now.Akufu Addo is the only problem. How i wish somebody lije Rawlings could emerge from nowhere and drive this motherfuckas away.

I'm beginning to believe that ndc needs to give way to another party.Corruption is too much now.Akufu Addo is the only problem. How i wish somebody lije Rawlings could emerge from nowhere and drive this motherfuckas away.
Paul Gati 9 years ago

Where is Joe Gidisu, now

Where is Joe Gidisu, now
Abena London 9 years ago

He is mad

He is mad
Dogbe 9 years ago

If you dare attempt to prosecute Joe we Attivorians will never agree da.
We shall ask our womenfolk to drag their asses on the ground and rain curses on you.

And our people will always vote for us because they know you wi ...
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If you dare attempt to prosecute Joe we Attivorians will never agree da.
We shall ask our womenfolk to drag their asses on the ground and rain curses on you.

And our people will always vote for us because they know you will jail us otherwise.
Kwame Mensah 9 years ago

This is a clear demonstration of create, loot and share. Poor mother Ghana. God forgive us if these are true!

This is a clear demonstration of create, loot and share. Poor mother Ghana. God forgive us if these are true!
MAHAMA MUST GO , VOTE MAHAMA OUT 9 years ago

Useless educated guys who mother fuck born useless, not thinking about others, how you gonna drive, when other are dying? FOOLS

Useless educated guys who mother fuck born useless, not thinking about others, how you gonna drive, when other are dying? FOOLS
MAHAMA MUST GO , VOTE MAHAMA OUT 9 years ago

Fools fools, sack them

Fools fools, sack them

odensi 9 years ago

Mahama your question proof of corruption in your government is one of such. Its now proofed Then what do you need again?
Now tell us what you are going to do which is not done yet. Do you accept now that there's corruption i ...
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Mahama your question proof of corruption in your government is one of such. Its now proofed Then what do you need again?
Now tell us what you are going to do which is not done yet. Do you accept now that there's corruption in your government?
AMA TX USAsv 9 years ago

Mr president you said we should name any corrupt person in your government have you heard of this one waiting for what you will say about this period

Mr president you said we should name any corrupt person in your government have you heard of this one waiting for what you will say about this period
Kofi Gbagbladza 9 years ago

Is the minister not having V8 already? He should be serious oooo

Is the minister not having V8 already? He should be serious oooo
FIAVE-DUGAME 9 years ago

It is not only the Ewe mafia that are looting and have looted. Attivor made a mistake by saying looting was the common identity of the Ewe mafia and it is time for the Gonja and Fante mafia to be exposed by the Ewe mafia, bec ...
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It is not only the Ewe mafia that are looting and have looted. Attivor made a mistake by saying looting was the common identity of the Ewe mafia and it is time for the Gonja and Fante mafia to be exposed by the Ewe mafia, because for the Ewe mafia to allow themselves to take all the flak for the looting of the national purse when it's known John Mahama has been the ultimate beneficiary is very dangerous for the Ewe brand, very, very dangerous.
gyidie 9 years ago

The Roads and Transport Ministry, and when, exactly, did this 'event' take place?

The Roads and Transport Ministry, and when, exactly, did this 'event' take place?
?? 9 years ago

170 grand !! on a 7 series bmw. It sounds fishy, a 2016 model costs less than a 100 grand. Hmm.

170 grand !! on a 7 series bmw. It sounds fishy, a 2016 model costs less than a 100 grand. Hmm.
Paa Joe 9 years ago

IF IT IS TRUE,BLACKMAN HAS NO SHAME FOR RIDING IN SUCH EXPENSIVE CARS BMW,MERCEDES BENZ, VW, TOYOTA LEXUS,JAGUAR, LANDROVER IN A COUNTRY WHERE MANY TOWNS DO NOT HAVE POTABLE WATER, ECONOMIC BACKWARD, UNDERDEVELOPED AND HEAVIL ...
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IF IT IS TRUE,BLACKMAN HAS NO SHAME FOR RIDING IN SUCH EXPENSIVE CARS BMW,MERCEDES BENZ, VW, TOYOTA LEXUS,JAGUAR, LANDROVER IN A COUNTRY WHERE MANY TOWNS DO NOT HAVE POTABLE WATER, ECONOMIC BACKWARD, UNDERDEVELOPED AND HEAVILY INDEPTED POOR COUNTRY(HIPC)IN THE WORLD.

AS THE PROVERB GOES-CUT YOU COAT ACCORDING TO YOUR CLOTH.
ALIMI YAO 9 years ago

To argue that one should not enjoy the luxuries of life because others are poor is pathetic.

To argue that one should not enjoy the luxuries of life because others are poor is pathetic.
Nancy Dumor 9 years ago

Things are not going well in Ghana ,even though am always for ndc since inception but am willing for a change now. Cost living is very high no jobs, Ghanaians are suffering rather under president Mahama's regime. Life is unb ...
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Things are not going well in Ghana ,even though am always for ndc since inception but am willing for a change now. Cost living is very high no jobs, Ghanaians are suffering rather under president Mahama's regime. Life is unbearable now.
Togbui Delavi 9 years ago

This Government is so so corrupt, it stinks. Nana will ensure the car is returned. It should belong to the state.

This Government is so so corrupt, it stinks. Nana will ensure the car is returned. It should belong to the state.
Agbeli Kumordzi 9 years ago

Bring it on what about the hundreds of millions of dollars Kuffour and Npp took from. the oil company and singed the most foolish oil contract in the world history
Akan news reporters are inward looking people. Their report ...
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Bring it on what about the hundreds of millions of dollars Kuffour and Npp took from. the oil company and singed the most foolish oil contract in the world history
Akan news reporters are inward looking people. Their reports are bias
My Opinion 9 years ago

So Joe Gidisu an Ewe, Minister of Communication, stole from Ghana; got fired and, replaced with Ms Artivor also an Ewe, who also continue with the Status Quo stealing from Ghana.Then Wayomi, Gbedema and the list goes on; My ...
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So Joe Gidisu an Ewe, Minister of Communication, stole from Ghana; got fired and, replaced with Ms Artivor also an Ewe, who also continue with the Status Quo stealing from Ghana.Then Wayomi, Gbedema and the list goes on; My question is what kind of schools do these Ewes go to and, what motivates them to go to school? To learn how to STEAL? ?
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

I may be wrong but this is an old recycled story. As far back as 2011 and I have provided the evidencial link below from Myjoyonline.com.

I can vividly recall that when it came out that Dr. Sipa Yankey, and some other pers ...
read full comment

I may be wrong but this is an old recycled story. As far back as 2011 and I have provided the evidencial link below from Myjoyonline.com.

I can vividly recall that when it came out that Dr. Sipa Yankey, and some other persons were involved in some kind of deals. Joe Gidisu was one of the accused who demanded a BMW for the road inspection.

Joe Gidisu: Luxury BMW is project car not a gift

business.myjoyonline.com/pages/news/201109/72361.php

Question is, why bring this rodeo back? We've ridden it before. Move on "messageless" NPP. Go find a message for your flapping campaign and stop the recycling of dead news.
PRINCEWILLY@YMAIL.COM 9 years ago

Doc, I think my son has gonorrhea," a patient told his urologist on the phone. "The only woman he's screwed is our maid."
"Ok, don't be hard on him. He's just a kid," the medic soothed. "Get him in here right away and I'll t ...
read full comment

Doc, I think my son has gonorrhea," a patient told his urologist on the phone. "The only woman he's screwed is our maid."
"Ok, don't be hard on him. He's just a kid," the medic soothed. "Get him in here right away and I'll take care of him."
"But, Doc. I've been screwing the maid too and I've got the same symptoms he has."
"Then you come in with him and I'll fix you both up." Replied the doctor. "Well," the man admitted, " I think my wife
now has it too."
"Son of a bitch!" the physician roared. "That means we've all got it!"
~Chris
HAHAHA 9 years ago

Who do you get these funny stories from?

Who do you get these funny stories from?
obi 9 years ago

every Gvnt project should now go for kantaka product

every Gvnt project should now go for kantaka product
JM 9 years ago

FOOLISH propaganda by NPP thief's.

FOOLISH propaganda by NPP thief's.
HOWIE 9 years ago

DEM BE THIEVES

DEM BE THIEVES
Yd 9 years ago

And yet they said they are not corrupt,oh Ghana where did we go wrong?

And yet they said they are not corrupt,oh Ghana where did we go wrong?
Nii Joromi 9 years ago

These motherfuckers should be sent straight to Nsawam by the NPP next year.

These motherfuckers should be sent straight to Nsawam by the NPP next year.
STEVE 9 years ago

The vehicle if really bought must be confiscated, sold and the cash paid into the consolidated fund. This is pure corruption. The President on return from Japan must be made aware.

The vehicle if really bought must be confiscated, sold and the cash paid into the consolidated fund. This is pure corruption. The President on return from Japan must be made aware.
Nostradamus 9 years ago

Is price of BMW cost at $160.503.76?
This story sounds fishy
Why don't we check the price from auto dealers?
This sounds like character assassination going on here.

Is price of BMW cost at $160.503.76?
This story sounds fishy
Why don't we check the price from auto dealers?
This sounds like character assassination going on here.

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Minister demands BMW to monitor Achimota-Ofankor highway project

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