Government's explanation to $2.25bn bond is hollow – Forson

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• Bellah 7 years ago

  This block headed guy knows nothing. What does he know about conflict of interest. He should tel us what school you attended and whether the school is recognized by the U.K. accreditation authority. Let's know his qualificati ...
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  This block headed guy knows nothing. What does he know about conflict of interest. He should tel us what school you attended and whether the school is recognized by the U.K. accreditation authority. Let's know his qualifications and profession.Frankly, I was shocked when he was appointed a deputy finance minister. No wonder our economy is in a mess. Finally he should tell us how he acquired the two buildings in Weat Legon.

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• Laryea 7 years ago

  Another criminal NDC goon, sitting in parliament at tax payers' expense! Nsawam is being expanded, just wait and see. Idiot!

  Another criminal NDC goon, sitting in parliament at tax payers' expense! Nsawam is being expanded, just wait and see. Idiot!

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• Paul 7 years ago

  Masa stop being personal and address the substantive issue. They say that Franklin Templeton whose company bought 95% of the bond is also a director of Enterprise Group, a company founded by the finance minister so there is t ...
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  Masa stop being personal and address the substantive issue. They say that Franklin Templeton whose company bought 95% of the bond is also a director of Enterprise Group, a company founded by the finance minister so there is the link. If this is the case then there is a clear case of conflict of interest. This finance minister appears like a crook. From issues of his certificate to offshore account and now this. Is our money safe with him?

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• Anansi 7 years ago

  Please sir, this same Templeton has been buying govt bonds since 2006 which Forson cleverly omitted. Was there conflict when he bought bonds offered by Forson's ministry?

  Please sir, this same Templeton has been buying govt bonds since 2006 which Forson cleverly omitted. Was there conflict when he bought bonds offered by Forson's ministry?

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• Stormborn 7 years ago

  Hey dude or babe. What's good? 4 whole months gone! 4 months!!! If you can, why not? If I told U each 5 mins, U have the potential to pick at least N5000 ($15) from a walk-in customer for that smartphone or tablet fix, will U ...
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  Hey dude or babe. What's good? 4 whole months gone! 4 months!!! If you can, why not? If I told U each 5 mins, U have the potential to pick at least N5000 ($15) from a walk-in customer for that smartphone or tablet fix, will U still be home idle? Very common and true with this business! Learn today. Get " Mobile Phones & Tablets Repairs : A Complete Guide for Beginners and Professionals " from Amazon marketplaces, Barnes & Noble, eBay etc. Sure bet!

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• apuuuu 7 years ago

  Is not the same guy Ato Forson who was against reduced spare parts taxes now he came back with another cry wolf apuuuu

  Is not the same guy Ato Forson who was against reduced spare parts taxes now he came back with another cry wolf apuuuu

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• Leslie 7 years ago

  A non entity looking for attention. A to For son should get a job!

  A non entity looking for attention. A to For son should get a job!

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• OBOADIE 7 years ago

  yeaaah! 95% is too much for one person.

  yeaaah! 95% is too much for one person.

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• Citizen 7 years ago

  Let's stop the lies in this country. The last euro bond the NDC government went for was at about 10% and the NPP went on ranting about how it was astronomically high Second lie is how NPP is making it look like FT is doing Gh ...
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  Let's stop the lies in this country. The last euro bond the NDC government went for was at about 10% and the NPP went on ranting about how it was astronomically high Second lie is how NPP is making it look like FT is doing Ghana a favour. WOW!!!. For Christ sake, FT is an investment fund meaning they take money from their clients in the US and offer them to invest it in financial instruments to make them super Profits. FT is no charity organisation!!! You sell local bonds at an interest rate of 19% to pay back the interest and principal in cedis. FT brings in dollars, changes it into cedis and buys your local bonds. After maturity, FT takes cedi principal and interests and converts it to dollars to be given back to their clients. So in effect FT is betting on an appreciated cedi to make their supernatural PROFITS. There is no win scenario here for Ghana my people. If Ghana struggles to appreciate the cedi, FT cashing in on their profits alone will send the cedi on a fast depreciation spree. Assuming FT brought in 2 billion dollars in march at an exchange rate of 4.8. FT thus has cedis of 9.6 billion worth of local currency bonds. Assuming after a year of maturity, FT has 9.6 billion plus an interest of 1.9 billion cedis totalling 11.5 billion. Now assuming the interest rate of today is applied (4.15), FT will have 2.77 billion dollars. Now let us take their initial principal of 2 billion dollars and find the actual interest recieved by FT. This actually amounts to 38.5 % !!!!!!!!!!!!!!!!!! Honourable Ken ofori atta is playing a very risky game and running Ghana like his personal investment fund. The only way Ghana can gain and for FT to loose is for our cedi to depreciate. And who has given FT the information that our cedi will appreciate?? With the SANKOFA fields coming into production, this government will see some inflows of foreign currency and this money is in fact just going to go into the pockets of FT. NPP have clearverly executed the biggest version of Create, Loot and Share in the history of the Republic. God save us from these crooks !!!!

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• Amoah 7 years ago

  Assuming. Hmmm. Continue assuming. Why were you not assuming during Seth Tekpeh's time? You see, every thing that someone will do, we will have a lot to say and criticize. Wasn't Atto Forson the deputy minister and how did th ...
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  Assuming. Hmmm. Continue assuming. Why were you not assuming during Seth Tekpeh's time? You see, every thing that someone will do, we will have a lot to say and criticize. Wasn't Atto Forson the deputy minister and how did they run the economy. Now he has mouth to talk. My friend keep quite. We trust these people and we know what they are capable of doing that's the mandate was handed to them. Lets pray for them.
  
  We are in all this hard times and have to take bold decisions so that our country can be taken back on the right path. Ask yourself, how did we ended up with the depts GhAna is owing even though we were not paying Nurses, training colleges and even have the highest dept ever. God help them to govern well

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• Village Lass 7 years ago

  Ghanaweb it is spelt FLAWED not FLOORED as in your article.
  
  How about doing a spellcheck first?
  
  In any case this whole bond issue raises a lot of ethical questions,but as usual us Ghanaians will politicize it and devia ...
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  Ghanaweb it is spelt FLAWED not FLOORED as in your article.
  
  How about doing a spellcheck first?
  
  In any case this whole bond issue raises a lot of ethical questions,but as usual us Ghanaians will politicize it and deviate from core concerns,in the end the layman stays ignorant and the poor keeps suffering. Greedy so called leaders.

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• Nana Araba 7 years ago

  *Why are blacks not wealthy*
  
  Excerpts from an interview with a Jewish leader about Blacks.
  
  INTERVIEWER:
  Why are blacks so behind Economically?
  
  JEWISH LEADER:
  The only thing blacks understand is Consumption.
  
  B ...
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  *Why are blacks not wealthy*
  
  Excerpts from an interview with a Jewish leader about Blacks.
  
  INTERVIEWER:
  Why are blacks so behind Economically?
  
  JEWISH LEADER:
  The only thing blacks understand is Consumption.
  
  Blacks don't understand the importance of creating and building wealth.
  
  The fundamental rule is to keep your money within your racial group.
  
  We the Jews
  - build Jewish business,
  - hire Jewish,
  - buy Jewish and
  - spend Jewish. There is nothing wrong with that but it is a basic rule blacks cannot comprehend and follow;
  
  "He kills his fellow blacks daily instead of wanting to see his fellow black do succeed"
  
  93% of blacks killed in America are by other blacks.
  
  Their leaders steal from their people and send the money back to their colonial master from whom they borrow the same money from.
  
  Every successful black wants to spend his money in the country of his colonial masters.
  
  They
  - go on holiday abroad,
  - buy houses abroad,
  - school abroad,
  - go for medical treatment abroad etc
  
  instead of spending this money in their own country to benefit their people.
  
  Statistics show that the Jew's money exchanges hands 18 times before leaving his community while for blacks it is probably a maximum of once or even zero.
  
  Only 6% of black money goes back into their community. This is why Jews are at the top and blacks are at the bottom of every ladder of society.
  
  Instead of buying
  - Louis Vuitton,
  - Hermes,
  - expensive cars,
  - shoes,
  -houses,
  -dresses etc,
  
  Blacks could
  - industralize Africa,
  - build banks and get rid of colonial institutions by putting them out of business.
  
  INTERVIEWER:
  What is your thought on failure of blacks after 150yrs?
  
  JEWISH LEADER:
  Well, nothing is ever the blackman's fault. His
  -compulsive habit of killing his own,
  - compulsive material consumption.
  -His inability to build businesses or
  -preserve wealth are usually somebody else's fault.
  
  INTERVIEWER:
  So what can blacks do to liberate themselves
  
  JEWISH LEADER: Blacks must take responsibility. Blacks must unite. And vehemently fight corrupt leaders who run down their country and run to IMF as though IMF is Father Christmas.
  
  They need to look inwards otherwise they will continuously remain colonized and lose their place in history.
  
  Pls forward this until it goes round the continent of Africa.
  
  We all need to learn our lessons quick and build our Nation.

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• Mr Bond 7 years ago

  Did NDC explain selling Bonds to Ghanaians?This ignorant thief should keep talking nonsense.Prison will be disappointed if he was not jail for stealing Ghana money.

  Did NDC explain selling Bonds to Ghanaians?This ignorant thief should keep talking nonsense.Prison will be disappointed if he was not jail for stealing Ghana money.

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• kwajang Apetu 7 years ago

  Am hopeful we address the issues and not politicize it. 2.5% commission on $2.5 billion dollars is a lot of money. Who benefited from this. i.e.. US$67.5MILLION? Cash upfront. Wow

  Am hopeful we address the issues and not politicize it. 2.5% commission on $2.5 billion dollars is a lot of money. Who benefited from this. i.e.. US$67.5MILLION? Cash upfront. Wow

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