Ghana is broke - Joe Jackson

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• ....AGBESI KWESI.. 9 years ago

  Mahama’s claim that he and the NDC left Ghana’s economy in good shape is a big lie. The recent IMF mission to Ghana has revealed that Mahama and the NDC rather mismanaged Ghana’s economy before they were disgracefully c ...
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  Mahama’s claim that he and the NDC left Ghana’s economy in good shape is a big lie. The recent IMF mission to Ghana has revealed that Mahama and the NDC rather mismanaged Ghana’s economy before they were disgracefully chased out of power. Joel Toujas-Bernate, leader of the mission, noted that: “In 2016, the overall fiscal deficit (on a cash basis) deteriorated to an estimated 9 percent of GDP, instead of declining to 5¼ percent of GDP as envisaged under the IMF-supported program. The large deviation was mainly due to poor oil and non-oil revenue performance and large expenditure overruns. As a result, the government’s debt-to-GDP ratio increased further to close to 74 percent of GDP at end-2016.”
  He further welcomed government’s intention to control public spending and protection of the public purse.
  “Significant public spending commitments that bypassed public finance management (PFM) systems were reported. We welcome the new government’s intention to conduct a full audit of outstanding obligations, its commitment to transparency and its readiness to take strong remedial actions to ensure the integrity of the PFM systems going forward.
  The large financial imbalances of state-owned enterprises in the energy sector also need to be addressed with urgency to avoid the build-up of contingent liabilities for the new government. We welcome the new government’s commitments to encourage its departments and agencies to implement growth-enhancing reforms in a fiscally sustainable manner,” he added

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• Ama Kwansema 9 years ago

  Joe Jackson at one point was the "Bill Gates" of Ghana. He couldnt even get to a sweeper in a Gates' office. He then has a lease of life and found himself in finance. But here he has struggled even the more. The few times tha ...
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  Joe Jackson at one point was the "Bill Gates" of Ghana. He couldnt even get to a sweeper in a Gates' office. He then has a lease of life and found himself in finance. But here he has struggled even the more. The few times that he has made statements he tries to sound like his boss, Ken Thompson, forgetting that Ken is not a wanabe but a true finance person. In the end Joe Jackson has been hollow on many platforms. He better keep quite because his argument is always pedestrian. Joe, keep your mouth shut to save you. You may be right though, but the way you put it and the struggle you go through to make a point points to someone who is not a trained finance person. This programme, which l watched, you were sad!

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• Dabo 9 years ago

  He spent most of it on V8s for chiefs and dumelo.

  He spent most of it on V8s for chiefs and dumelo.

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• Abongo Boy 9 years ago

  Here we go again. We have never been rich since birth. Missed opportunity - blame it on JJ and his looters

  Here we go again. We have never been rich since birth. Missed opportunity - blame it on JJ and his looters

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• Knockout 9 years ago

  Third World thinking

  Third World thinking

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• VVVVVVVVV 9 years ago

  LIE, LIE.AKUFFO AND MUTUM BANZA BAWUMIA SAID WE ARE RICH SO HAS PROMISED US HEAVEN ON EARTH. WE ARE WAITING.

  LIE, LIE.AKUFFO AND MUTUM BANZA BAWUMIA SAID WE ARE RICH SO HAS PROMISED US HEAVEN ON EARTH. WE ARE WAITING.

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• Eddie 9 years ago

  This absolutely stupidity, how can an economy that is broke fund free SHS this self? this so call self seeking propagandist n Wafflers ,think they can fool us .they will pay teachers n nurses allowances, give us free SHS ,v ...
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  This absolutely stupidity, how can an economy that is broke fund free SHS this self? this so call self seeking propagandist n Wafflers ,think they can fool us .they will pay teachers n nurses allowances, give us free SHS ,vocational schools, etc

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• SAINTS &SINNERS 9 years ago

  Why won't mother GHANA get broke having been milked by "BABIES WITH HARD TEETH"and the likes for so long.

  Why won't mother GHANA get broke having been milked by "BABIES WITH HARD TEETH"and the likes for so long.

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