We will set up a financial Stability Council – Bawumia

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• MOI 9 years ago

  WHAT THE HELL IS THAT? ANOTHER AVENUE FOR STEALING BY THE NPP FOOLS.

  WHAT THE HELL IS THAT? ANOTHER AVENUE FOR STEALING BY THE NPP FOOLS.

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• PRINCE KWASI ADADE (OFIE P33) 9 years ago

  DR BAWUMIA: _____-----International rating agency Moody’s has not upgraded Ghana’s sovereign credit rating contrary to assertions by the Mahama administration to that effect, the vice-presidential nominee of the main oppo ...
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  DR BAWUMIA: _____-----International rating agency Moody’s has not upgraded Ghana’s sovereign credit rating contrary to assertions by the Mahama administration to that effect, the vice-presidential nominee of the main opposition New Patriotic Party (NPP), Dr Mahamudu Bawumia, has said. Speaking at the launch of the NPP’s 2016 manifesto at the International Trade Fair Centre in Accra on Sunday, 9 October, Dr Bawumia said Ghana’s sovereign credit rating got downgraded to (B-) under President Mahama despite having oil revenue at its disposal, from (B ) positive (without oil under the NPP). Moody's Investors Service recently affirmed the Government of Ghana's issuer and senior unsecured rating at B3 and changed the outlook to stable from negative. Dr Bawumia, however, noted that nothing had changed except the revised outlook. He said, in fact, international rating agencies like Moody’s, Fitch and Standard & Poor’s now have basically the same credit rating for Ghana. “The recent revision of Ghana’s outlook from B- negative to B- stable; that is the equivalent of B3” with the revision of the outlook from negative to stable, “has resulted in a misinterpretation by this NDC government and President Mahama that Ghana’s credit rating has been upgraded.” “This is in fact not the case. Moody’s did not upgrade Ghana. Ghana’s rating under Moody’s is still B-. It is only the outlook that has been revised and that is not equivalent to a change in rating or a rating upgrade. “Sometimes one wonders whether they don’t read or they don’t understand. So, let me give Mr President a free piece of advice: ‘Mr President, please desist from embarrassing yourself by stating that Moody’s has upgraded Ghana.’ Your economic management team should explain that difference to you. “The Mo Ibrahim 2016 report on governance shows that on virtually all key development indicators such as safety, rule of law, human rights, economic opportunities, infrastructure, business environment, human development, health and public management, Ghana is worse off today than it was 10 years ago,” Dr Bawumia said.

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• Joe Bee 9 years ago

  No, MOI, it's another avenue to prosecute all government functionaries who have misappropriated state funds, such as Dziffa Attivor, Woyomi etc. Do you catch the drift?

  No, MOI, it's another avenue to prosecute all government functionaries who have misappropriated state funds, such as Dziffa Attivor, Woyomi etc. Do you catch the drift?

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• HolyGhost 9 years ago

  More lies from the lying economist

  More lies from the lying economist

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• MOO 9 years ago

  Just a common answer that any lay man can ... What's the differents between negative and stable? If you can not answer this and you need Bawumia to do it for you then its better for you to ... You think he knows better than M ...
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  Just a common answer that any lay man can ... What's the differents between negative and stable? If you can not answer this and you need Bawumia to do it for you then its better for you to ... You think he knows better than Moody and co? ... Even the so called 7 industrial countries accepts them how much Bawumia ...

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• akuffo addo retirement party 9 years ago

  The same guy who oversaw the dropping of zeros from the cedi is going to set up what?

  The same guy who oversaw the dropping of zeros from the cedi is going to set up what?

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• PRINCEWILLY@YMAIL.COM 9 years ago

  During the waning days of communism in the Soviet Union, an inspector was encharged with visiting local poultry farmers and inquiring about the amount of feed they were giving their chickens. Central planning was still in eff ...
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  During the waning days of communism in the Soviet Union, an inspector was encharged with visiting local poultry farmers and inquiring about the amount of feed they were giving their chickens. Central planning was still in effect and each farmer was allocated 15 Rubles to spend on chicken feed.
  
  One farmer very honestly answered that he spent five of the allocated 15 Rubles on chicken feed. The inspector took this to mean that the thieving farmer pocketed the other ten and promptly had him imprisoned.
  
  Hearing of this through the rumor mill, the next farmer down the road insisted that he spent all 15 Rubles on food for the chickens. The inspector saw this as a case of budget padding and the farmer as a wasteful opportunist. He too was imprisoned.
  
  The third farmer heard of both episodes and was more prepared for the inspector's arrival.
  
  "How many of the 15 Rubles do you actually spend on chicken feed," asked the inspector.
  
  Like a true nascent capitalist, the farmer threw his hands in the air and answered, "hey! I give 15 Rubles to the chickens. They can eat whatever they want!"

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• GOD is watching 9 years ago

  Eeeeeee juloroooooo eeei jullorooooo

  Eeeeeee juloroooooo eeei jullorooooo

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• Kofi Gbagbladza 9 years ago

  We know npp. Yes. We saw NPP in 8 years. Bloody gangsters. Useless opposition party leader who is a cocaine addict

  We know npp. Yes. We saw NPP in 8 years. Bloody gangsters. Useless opposition party leader who is a cocaine addict

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• BOY KOFI 9 years ago

  Ghana today is surviving by Prez Mahama's home grown economic Policy.Clearly,it shows Ghana is becoming self sufficient,no need for foreign Financial aid.I would like Bawumia to quantify the amount NPP can reduce from the bud ...
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  Ghana today is surviving by Prez Mahama's home grown economic Policy.Clearly,it shows Ghana is becoming self sufficient,no need for foreign Financial aid.I would like Bawumia to quantify the amount NPP can reduce from the budget deficit every year if he is an intelligent economist cum politician.Thank you.

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• BA 9 years ago

  Why does NPP need finacial council when their economics magician Bawumia has answers to everything. I wonder where Bawumia was with his economic theories when Ghanaians went through economic hardships under Kufuor's 8years o ...
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  Why does NPP need finacial council when their economics magician Bawumia has answers to everything. I wonder where Bawumia was with his economic theories when Ghanaians went through economic hardships under Kufuor's 8years of looting state coffers

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• BOY KOFI 9 years ago

  Bawumia will struggle to be amongst the best top 20 economists in the country.As for me,he is zero,I can do better that him 100 times.Thank you.

  Bawumia will struggle to be amongst the best top 20 economists in the country.As for me,he is zero,I can do better that him 100 times.Thank you.

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• Dr Robert K Glah 9 years ago

  QUANGO?
  The New patriotic Party is promising to set up a financial stability Council that will address fiscal responsibility in the economy. QUANGO WITOUT RESPONSIBILITY TO PARLIAMENT AND THE TAXPAYERS?

  QUANGO?
  The New patriotic Party is promising to set up a financial stability Council that will address fiscal responsibility in the economy. QUANGO WITOUT RESPONSIBILITY TO PARLIAMENT AND THE TAXPAYERS?

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• MOO 9 years ago

  Where is that so called IEA who where boasting that there can organized a Presidential debate without the NDC? We are still waiting for them. Cronies of NPP...

  Where is that so called IEA who where boasting that there can organized a Presidential debate without the NDC? We are still waiting for them. Cronies of NPP...

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