Ghana will be in a state of economic hopelessness 2017 – Economist

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• Exspanana 9 years ago

  Let the people stop doing the illegal mining (galamsey) and let us start farming that would be the only way to survive.. A word to wise...yoo

  Let the people stop doing the illegal mining (galamsey) and let us start farming that would be the only way to survive.. A word to wise...yoo

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• King SA 9 years ago

  Asem b3ba da bi

  Asem b3ba da bi

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• Pastor Josiah 9 years ago

  Some of you so called economists are become a shame unto your generation. Because of politics you have exchanged and reduced your degrees into nothingness. Angels indeed.

  Some of you so called economists are become a shame unto your generation. Because of politics you have exchanged and reduced your degrees into nothingness. Angels indeed.

  reply
• sammy 9 years ago

  you dey inside

  you dey inside

  reply
• Economist 9 years ago

  The so called "social intervention" is an excuse for government reneging on its responsibility of job creation policies and all-inclusive development. There are adequate fiscal policies which have instant job creation effects ...
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  The so called "social intervention" is an excuse for government reneging on its responsibility of job creation policies and all-inclusive development. There are adequate fiscal policies which have instant job creation effects. For example, let Ghana drop its duty on manufacturing machinery, equipment and inputs to a net of only 5% as is the case in Dubai and witness how many factories will crop up all over the country in a short time creating jobs we have never seen before in the history of this country. Increased industrial production will fuel exports to countries within the Ecowas and beyond while boasting government revenues through moderate corporate and personal income tax. Another outcome of such policy would be a boost in the country's foreign exchange reserves which will stabilize the cedi and bring down inflation. High duties and levies on factors of production stifles business and, therefore, the economy and in turn brings about massive unemployment and grossly reduced government revenues as we are witnessing today. Moreover, the energy sector should be freed and duties and levies should be waved for sometime to allow massive private sector investments which can bring efficient structural adjustments in the energy sector to the benefit of the country. When there are jobs in a country like Ghana where the family system is strong social interventions become a family affair rather than the preoccupation of the government. Government social intervention scheme is a clear indication of government fiscal policy failure, i.e. policies in support of job and weath creation. Therefore, Ghanaian government should refrain from glorifying social intervention and investing in the demeaning sector which in the long run creates more paupers in the country and, therefore, cannot be sustainable. Give me seeds and I create generations of farmers but give me banku and we will eat it today and come back for more tomorrow.

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• Tula 9 years ago

  Well ; the trouble is would the ordinary Ghanaian or for that matter the NDC GOONS and RATS understand this burden been put on Ghanaians by Jon Mahama in terms of their borrowing spree ; the answer is -NO WAY !!!!!!; this go ...
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  Well ; the trouble is would the ordinary Ghanaian or for that matter the NDC GOONS and RATS understand this burden been put on Ghanaians by Jon Mahama in terms of their borrowing spree ; the answer is -NO WAY !!!!!!; this government is not a wealth creative government ; it is a spend spend government through the means of sole sourcing contracts and award of contracts besides the deficit painted which requires both internal and external financing through heavy borrowing adds more to our debt stock ; the trouble is what if there is commodity or financial turbulence in the markets because the figures outlined assumes that everything been equal there will no market turbulence both internally and externally and that the macro-economic assumptions for 2017 will hold; this is not correct any turbulence will send the whole figures tumbling like a pack of cards; to me NDC have not got a clue and are just clueless and for the NPP it is going to be complete financial nightmare for the new government ; there are certain variables in the equation they may have no choice to control -wages ;salaries and interest payments and all other payments ; if Nsna Addo wins; he is got real problems to tackle and for Jon Mahama and the NDC; NO Ghanaian worth their brains should listen to them because ; if they win again there is not much they do ; all their promises will be 'BULL' ; these are thiffs !!!!!!!! and bandits .

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• SAY IT AS IT IS 9 years ago

  You see how how people one thinks will know better in our society are those who talk as if they are talking to some fools in tbe first place.
  Anybody who will take what this fool is saying is a big fool , be ause it doesn't ...
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  You see how how people one thinks will know better in our society are those who talk as if they are talking to some fools in tbe first place.
  Anybody who will take what this fool is saying is a big fool , be ause it doesn't make sense .
  So will be supper from 1st january if the NPP, are in power?
  People must think before they talk so tbat people can make good choices. This from this MP , really make him a big fool.

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• Osei 9 years ago

  you know it your self,that will happen if Ghanaians vote for npp,thus Ghanaians shouldnt make a mistake by voting for npp

  you know it your self,that will happen if Ghanaians vote for npp,thus Ghanaians shouldnt make a mistake by voting for npp

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• he is tired and the minister knows it 9 years ago

  The are just waiting for the election day for ghanaians to confirm .AFTER TO HIM THAT IS NOTHING AGAIN TO OFFER .

  The are just waiting for the election day for ghanaians to confirm .AFTER TO HIM THAT IS NOTHING AGAIN TO OFFER .

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• Paa Joe 9 years ago

  WHAT DOES HE MEAN BY A STATE OF ECONOMIC HOPLESSEMESS IN GHANA IN 2017.
  
  AS A SO CALLED ECONOMIST HE SHOULD HAVE KNOWN,ECONOMISTS STUDY THe WAYS A SOCIETY USES SCARCE REOURCES SUCH AS LAND.LABOUR, RAW MATERIALS AND MACHINER ...
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  WHAT DOES HE MEAN BY A STATE OF ECONOMIC HOPLESSEMESS IN GHANA IN 2017.
  
  AS A SO CALLED ECONOMIST HE SHOULD HAVE KNOWN,ECONOMISTS STUDY THe WAYS A SOCIETY USES SCARCE REOURCES SUCH AS LAND.LABOUR, RAW MATERIALS AND MACHINERY TO PRODUCE GOODS AND SERVICES.
  
  IF HE IS TRULY AN ECONOMST. HE SHOULD HAVE ALSO KNOWN THAT, ECONOMICS IS CONCERNED WITH THE FACTORS THAT DETERMINE THE PRODUCING, DISTRIBUTION OF GOODS AND SERVICES.
  
  MAY THIS '''ECONOMIST''' TELL THE LESS FORTUNATE AND THE DISADVANTAGED, WHETHER THE NATION HAS BEEN ALL THAT FAR TO PROCESS THE ABUNDANCE NATURAL RESOURCRES INTO FINISHED GOODS FOR VITAL SERVICES IN THE COUNTRY TO PROPEL ECONOMIC GROWTH AND TO STIMULATE EMPLOYMENT OPPORTUNITIES, INCOME, CONSUMER SPENDING AND BETTER STANDARDS OF LIVING IN GHANA.
  
  THESE ARE THE KINDS OF FOLKS, WHOM I BELIEVE NEVER AT ALL SAT IN THE LECTURE ROOMS,TO KNOW WHAT ECONOMICS TEACHES.
  
  IT IS TIME THESE FOLKS, ARE MARCHED TO THE FERTILE FIELDS IDLING IN THE COUNTRY AND TO CULTIVATE AND PRODUCE FOOD CROPS TO FEED THE GROWING POPULATION IN GHANA.
  
  IT IS INDEED FOR GHANA TO HAVE THESE EMPTY HEADS APPOINTED TO POSITIONS IN THE COUNTRY.
  
  HE IS INDEED UNPRODUCTIVE, AND SO FAR AS THESE NOISY FOLKS ARE NOT ASKED TO ROVE WHERE THEY HAD THEIR DEGREE TITLES, THE SATE OF GHANA WILL NOT BE ABLE TO MEET ITS ECONOMIC CHALLENGES DIFFICULTIES IN THE 21st CENTURY.
  
  THEY ARE ONLY THERE TO MPREACH AND TO ERAN CHEAP MONEY WITHOUIT KNOWING WHAT THE STUDY OF ECONOMICS MEANS TO A NATION.

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• Jojo 9 years ago

  TO CONFIRM HIS PREDICTION, THE VULNERABLE IN THE COUNTRY MUST ASK THIS NOISY FOLK FOR A COPY OF HIS PHD DESSERTATION FOR THEIR READING INFORMATION AND ATTENTION.
  
  THEY WILL ONLY COME TO KNOW, HIS DESSERTATION WAS A ''FAIRY ...
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  TO CONFIRM HIS PREDICTION, THE VULNERABLE IN THE COUNTRY MUST ASK THIS NOISY FOLK FOR A COPY OF HIS PHD DESSERTATION FOR THEIR READING INFORMATION AND ATTENTION.
  
  THEY WILL ONLY COME TO KNOW, HIS DESSERTATION WAS A ''FAIRY TALE''AND NOT SCIENTIFIC AT ALL IN PROMOTING ECONOMIC GRIWTH ABD DEVELOPMENT IN GHANA.
  
  WE ARE NOT PROGRESSING AND ADVANCING BECAUSE,MANY OF THESE FOLKS GOT THEIR FAIRY TAKLE DESSERTATION FOR UNPRODUCTIVE WORK AND EASY LIVING IN THE COUNTRY.
  
  HAVE GHANAUANS ASKED THEMSELVES, WHY WE ARE STILL BACKWARD, UNDERDEVELOPED AND EXTREME POOR, DESPITE THE MANY NOISY EDUCATED WITH BIG DEGREES AND PHD TITLES IN THE COUNTRY.
  
  DEGREES AND PHD TITLES IN THE MIDST OF POVERTY.
  
  IT SHOULD SOUND VERY SHAMEFUL AND DISGRACEFUL IN THE EYES OF THESE BOASTFUL FOLKS.
  
  A SAD AFFAIR WHICH NOTHING CAN JUSTIFY IT.

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• Sinclear 9 years ago

  AND PAIN THINK BEFOE RE-ELECTING THE IMPOTENT MAHAMA

  AND PAIN THINK BEFOE RE-ELECTING THE IMPOTENT MAHAMA

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• Mr. Mensah 9 years ago

  Sometimes i doubt the level of professionalism of our journalist who reports.The source of this story is member of parliament with a name. Economist is a renown scientific professional journal.
  You should have done a favou ...
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  Sometimes i doubt the level of professionalism of our journalist who reports.The source of this story is member of parliament with a name. Economist is a renown scientific professional journal.
  You should have done a favour stating the source of this news with the personality involve rather throwing this mad of economist on the story.

  reply