'Debt has swallowed the country' - John Mahama laments

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Freedom 1 year ago

Yes that is true, but let Ghanaians know that it includes the ones you borrowed and turned round to steal in the name of bus branding and inflated contract sums.

Yes that is true, but let Ghanaians know that it includes the ones you borrowed and turned round to steal in the name of bus branding and inflated contract sums.
Obuobisa 1 year ago

The country is swallowed by debt, true. Why then struggle to be a president of this messed up country. Should we expect the same narrative in case you come to power

The country is swallowed by debt, true. Why then struggle to be a president of this messed up country. Should we expect the same narrative in case you come to power
Oprege 1 year ago

Ghanaians should understand car thieves NDC and Mahama only have a four year mandate to fix the problems he claims exist ! He wants to come back and loot

Ghanaians should understand car thieves NDC and Mahama only have a four year mandate to fix the problems he claims exist ! He wants to come back and loot
gh 200 1 year ago

well he cant loot more than the current looters master. Let them come maybe their loot will be better wai!

well he cant loot more than the current looters master. Let them come maybe their loot will be better wai!
Pelicles 1 year ago

Ghana debts is around $52billion. Now, when Mahama became president, the debts were $14billion which Mahama increased it to $39billion meaning Mahama added $25billion. As we speak, the national debt had increased to $52billio ...
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Ghana debts is around $52billion. Now, when Mahama became president, the debts were $14billion which Mahama increased it to $39billion meaning Mahama added $25billion. As we speak, the national debt had increased to $52billion which means NPP had added $13billion so, who did what to the national debt?

Upon all this Mahama also left a power agreement debt of $500million a year for the incoming government, and NPP had been paying the $500million since 2017 meaning NPP had paid $3billion for the bogus power agreement signed by NDC and John Mahama.

So, what is Mahama saying about debts swallowing Ghana?
mr amin 1 year ago

Mahama what about what you said that we have eaten all the meat and its left with only the bones, ghanaians can easily forget as you said, dead goat Dumsor president

Mahama what about what you said that we have eaten all the meat and its left with only the bones, ghanaians can easily forget as you said, dead goat Dumsor president
Bukyi 1 year ago

A big liar

A big liar
KA NA WU. 1 year ago

The debt is in development projects. It will take some time for Ghanaians to reap the benefits and repay the loans.
Constructive criticism is always better than destructive one.
Taking the population growth into considerati ...
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The debt is in development projects. It will take some time for Ghanaians to reap the benefits and repay the loans.
Constructive criticism is always better than destructive one.
Taking the population growth into consideration, there are more mouths to feed now than during your first coming.
I will choose Dr. Bawumia over you, because you were a president without reproach.
You have not provided answers to all the finger pointing when you became the president of Ghana.
Ghanaians are yearning for your responses.
Deliberate intentions 1 year ago

Mahama kindly seek psychiatric evaluation to determine the extent of the function of mental disorders.The way and manner you speak indicates you delusional.Mahama knowing NDC members and supporters are insane and illiterate t ...
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Mahama kindly seek psychiatric evaluation to determine the extent of the function of mental disorders.The way and manner you speak indicates you delusional.Mahama knowing NDC members and supporters are insane and illiterate they turn to believe deception words and nonsense that’ comes from his mouth.
Lordma 1 year ago

What do you think Ghana should use to build the roads , we need money to do that so he is using it .

What do you think Ghana should use to build the roads , we need money to do that so he is using it .

Funny World 1 year ago

Mahama what the hell are you talking about? That, debt has swallowed the country? I hope you'll be truthful enough to tell Ghanaians that you didn't borrow a dime. Mahama, are you aware that you're a walking contradiction ...
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Mahama what the hell are you talking about? That, debt has swallowed the country? I hope you'll be truthful enough to tell Ghanaians that you didn't borrow a dime. Mahama, are you aware that you're a walking contradiction who ridicule yourself publicly in public? If you're not aware of how much you borrowed, let me draw your attention to it for once. From Independence to the time Kuffour left, our debt stood at $9. billion. You came and raised to $39.billion and Akufo Addo also raised it to$52.billion. So, calculate and see who borrowed much more than the other. So, simple calculations too you cannot do, or you're playing the ostrich? To save your face, never say anything about the economy to ridicule yourself, because whatever you say in public defeats the purpose of which you intend to say. So, it's advisable you keep quiet in public.
Opoku apau 1 year ago

He’s always drunk

He’s always drunk
Pls kindly check the Global debt data/ analysis by IMF 1 year ago

Global debt data base

please check this out, compare things advise yourself about political talks; Ghana is better than USA, Japan, UK and even France. Ivory coast is one of the best in West Africa. Debt is not the r ...
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Global debt data base

please check this out, compare things advise yourself about political talks; Ghana is better than USA, Japan, UK and even France. Ivory coast is one of the best in West Africa. Debt is not the real measure of poverty and economics
NDC REALLY MEANS BUSINESS IN ASH REGION! 1 year ago

Whilst the market rate was 2% LIBOR. Why wont debt swallow the country?

Meanwhile of Collins Dauda could steal $200m out of a loan of $300m for Saglemi Housing under your watch why wont debt swallow the country.

If you ...
read full comment

Whilst the market rate was 2% LIBOR. Why wont debt swallow the country?

Meanwhile of Collins Dauda could steal $200m out of a loan of $300m for Saglemi Housing under your watch why wont debt swallow the country.

If you borrowed $30m from India EXIM Bank to set up a Sugar Factory and the whole money was stolen by your crooks and you came on TV to show us Thailand sugar bought at Makola deceptively as Kommenda sugar why won't debt be swallowed by the country.

----------------------------

"Seth Terkper, Ghana’s number cruncher"

With elections in December 2016, Ghana’s finance minister is raising new funds to fix the power crisis and bail out his cash-strapped government, which was hit by falling prices of oil and other commodities.
Seth Terkper is the technocrat’s technocrat. As he outlines the roots of Ghana’s economic woes, the finance minister looks as though he should be giving a tutorial at harvard, his alma mater, rather than in London briefing a phalanx of bond traders nervously monitoring commodity-price cycles.

We’re getting back on a growth path

Yet, for the next month, those bond traders are Terkper’s primary audience. his task is to convince them to invest in a $1.5bn eurobond in the midst of a deluge of bad economic news at home and abroad.

This year, Ghana’s economic growth has slumped to 3.5%, half the rate of three years ago, due to a combination of crashing oil prices, delays on a $700m gas processing plant, swingeing power cuts that paralysed industry and a poor cocoa harvest. Ghana’s cedi lost almost half its value against the US dollar in the past 18 months, and the country’s debt burden is more than 70% of its gross domestic product.

Bad as the backdrop is, Terkper has to sell Ghana’s bond now if the budget is to add up. However, the yield is likely to be higher than hoped. Ghana will probably pay 9-10% interest on the bond instead of the 8% it paid when it floated a $1bn bond last year.

Fending off pressure from the streets hit by Ghana’s economic downturn and by the fickle financial markets, Terkper emanates a scholarly calm. “You need to understand the context,” he tells The Africa Report. “That is, the pressure on revenues, on power and on our investment programme. We launched reforms and we are implementing them satisfactorily – look at the latest international Monetary Fund [IMF] report.”

There is a hint of irritation as he goes through the numbers about how Ghana’s economic travails have been reported. “We’re getting back on a growth path. It’s not just our figures, it’s what the IMF estimate. Ghana will be growing 5.7% next year, and we’re bringing down the [budget] deficit.”

A chartered accountant, a former senior economist at the IMF and the author of a book on value-added tax, Terkper is an improbable politician and at odds with some activists in the ruling National Democratic Congress (NDC), who fear his policies could lose them votes.

To help turn the economy around, Terkper opened negotiations with his old employer, the IMF, and the World Bank. He is imposing some harsh measures in exchange for about $1.7bn in loans and guarantees.

The measures include dramatic cuts in the government’s wage bill and rises in the cost of fuel, electricity and water. is adult free video chat Husband Fucks wife in black stockings in front of a web camera in all holes. A girl with such big Boobs is unlikely someone will impress.

For managers of the NDC’s election campaign, Terkper’s austerity policies are a nightmare. The campaigners’ solution is traditional: beg, steal or borrow enough money to ramp up spending ahead of the election. You win power and then worry about how to pay it back.

But Mahama and his ministers may struggle to convince voters that the end of the current austerity is in sight. Opposition barbs about the wealth of the NDC chieftains and their business friends are hitting home amid worries about escalating corruption.

The NDC does not expect to see Terkper at the centre of those political fights. He is more likely to be poring over spreadsheets and econometric tables. Indeed, another book may be in prospect: Ghana’s Economic Abyss and How to Avoid It.
JDM/SETH TERKPER WAS BORROWING AT 10% 1 year ago

Whilst the market rate was 2% LIBOR. Why wont debt swallow the country?

Meanwhile of Collins Dauda could steal $200m out of a loan of $300m for Saglemi Housing under your watch why wont debt swallow the country.

If you ...
read full comment

Whilst the market rate was 2% LIBOR. Why wont debt swallow the country?

Meanwhile of Collins Dauda could steal $200m out of a loan of $300m for Saglemi Housing under your watch why wont debt swallow the country.

If you borrowed $30m from India EXIM Bank to set up a Sugar Factory and the whole money was stolen by your crooks and you came on TV to show us Thailand sugar bought at Makola deceptively as Kommenda sugar why won't debt be swallowed by the country.

----------------------------

"Seth Terkper, Ghana’s number cruncher"

With elections in December 2016, Ghana’s finance minister is raising new funds to fix the power crisis and bail out his cash-strapped government, which was hit by falling prices of oil and other commodities.
Seth Terkper is the technocrat’s technocrat. As he outlines the roots of Ghana’s economic woes, the finance minister looks as though he should be giving a tutorial at harvard, his alma mater, rather than in London briefing a phalanx of bond traders nervously monitoring commodity-price cycles.

We’re getting back on a growth path

Yet, for the next month, those bond traders are Terkper’s primary audience. his task is to convince them to invest in a $1.5bn eurobond in the midst of a deluge of bad economic news at home and abroad.

This year, Ghana’s economic growth has slumped to 3.5%, half the rate of three years ago, due to a combination of crashing oil prices, delays on a $700m gas processing plant, swingeing power cuts that paralysed industry and a poor cocoa harvest. Ghana’s cedi lost almost half its value against the US dollar in the past 18 months, and the country’s debt burden is more than 70% of its gross domestic product.

Bad as the backdrop is, Terkper has to sell Ghana’s bond now if the budget is to add up. However, the yield is likely to be higher than hoped. Ghana will probably pay 9-10% interest on the bond instead of the 8% it paid when it floated a $1bn bond last year.

Fending off pressure from the streets hit by Ghana’s economic downturn and by the fickle financial markets, Terkper emanates a scholarly calm. “You need to understand the context,” he tells The Africa Report. “That is, the pressure on revenues, on power and on our investment programme. We launched reforms and we are implementing them satisfactorily – look at the latest international Monetary Fund [IMF] report.”

There is a hint of irritation as he goes through the numbers about how Ghana’s economic travails have been reported. “We’re getting back on a growth path. It’s not just our figures, it’s what the IMF estimate. Ghana will be growing 5.7% next year, and we’re bringing down the [budget] deficit.”

A chartered accountant, a former senior economist at the IMF and the author of a book on value-added tax, Terkper is an improbable politician and at odds with some activists in the ruling National Democratic Congress (NDC), who fear his policies could lose them votes.

To help turn the economy around, Terkper opened negotiations with his old employer, the IMF, and the World Bank. He is imposing some harsh measures in exchange for about $1.7bn in loans and guarantees.

The measures include dramatic cuts in the government’s wage bill and rises in the cost of fuel, electricity and water. is adult free video chat Husband Fucks wife in black stockings in front of a web camera in all holes. A girl with such big Boobs is unlikely someone will impress.

For managers of the NDC’s election campaign, Terkper’s austerity policies are a nightmare. The campaigners’ solution is traditional: beg, steal or borrow enough money to ramp up spending ahead of the election. You win power and then worry about how to pay it back.

But Mahama and his ministers may struggle to convince voters that the end of the current austerity is in sight. Opposition barbs about the wealth of the NDC chieftains and their business friends are hitting home amid worries about escalating corruption.

The NDC does not expect to see Terkper at the centre of those political fights. He is more likely to be poring over spreadsheets and econometric tables. Indeed, another book may be in prospect: Ghana’s Economic Abyss and How to Avoid It.

MM
Citizen1 1 year ago

We know that when you come to power, no allowances for teacher trainees, nursing trainees and you will only pay 2 months arrears of workers while your Maps will be taking double salary. Is it not what you did when you were in ...
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We know that when you come to power, no allowances for teacher trainees, nursing trainees and you will only pay 2 months arrears of workers while your Maps will be taking double salary. Is it not what you did when you were in power?.
Citizen1 1 year ago

Our husband has gone mad again .

Our husband has gone mad again .
Fuudian lomotey 1 year ago

John mahama kromfoo kwasia buulu buulu like odwanfunu. off.

John mahama kromfoo kwasia buulu buulu like odwanfunu. off.
Fuudian lomotey 1 year ago

John mahama kromfoo kwasia buulu buulu like odwanfunu. off.

John mahama kromfoo kwasia buulu buulu like odwanfunu. off.
Yaw 1 year ago

Mr John Mahama, we all know that Ghana is in debt since independence, because whoever becomes president borrows money to add to our national debt Our government doesn’t get enough revenue to build the country out of almost ...
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Mr John Mahama, we all know that Ghana is in debt since independence, because whoever becomes president borrows money to add to our national debt Our government doesn’t get enough revenue to build the country out of almost 32 million people living in Ghana less than five million people pay direct taxes to the government every year. How come the government would not borrow money. Until we find a means to get more revenue in Ghana our debt situation will remain the same until thy kingdom becomes no president can solve that problem, John Mahama you’ve been a president before don’t pretend you didn’t borrow any money to increase our debt you will borrow again if you win this election same old Mahama we know you.

CRIMINAL MAN WITH CRIMINAL FACE 1 year ago

WE ALL KNOWS MAHAMA IS A CRIMINAL MAN IN AFRICA. WE ASK WHERE DID HE GET HIS MONEY? THE BEST WAY TO SAVE GHANA IS TO FINISH HIM .

WE ALL KNOWS MAHAMA IS A CRIMINAL MAN IN AFRICA. WE ASK WHERE DID HE GET HIS MONEY? THE BEST WAY TO SAVE GHANA IS TO FINISH HIM .
sampson 1 year ago

Greedy man, what are you coming to do .u came n met fresh meat n u chop all n left only bone ,better keep quite

Greedy man, what are you coming to do .u came n met fresh meat n u chop all n left only bone ,better keep quite
Kr 1 year ago

You started it?? Lol as if they can do something

You started it?? Lol as if they can do something
Uncle Pee 1 year ago

Debt swallowed us under your watch, JDM, without pandemic like Covid. During your era as president, the entire world was at peace and the world economy was booming except Ghana's. You were tested with a small problem as dumso ...
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Debt swallowed us under your watch, JDM, without pandemic like Covid. During your era as president, the entire world was at peace and the world economy was booming except Ghana's. You were tested with a small problem as dumsor, and even that you failed the test to resolve it. No matter how you roam around with your rebranded image, we know you enough to reject you again.
gh 200 1 year ago

I support you but I dont agree with you on this one. Debt is strangling the economy and you wont tax these crooked pastors? What are you talking about master?

I support you but I dont agree with you on this one. Debt is strangling the economy and you wont tax these crooked pastors? What are you talking about master?
No Mercy 1 year ago

Debt has Swallowed the Country.Mahama You Steal a lot of Money for Your Brother.Mahama GOD will question You.Mahama what are You coming to do.Stupid Thief

Debt has Swallowed the Country.Mahama You Steal a lot of Money for Your Brother.Mahama GOD will question You.Mahama what are You coming to do.Stupid Thief
Marcus Adepaye 1 year ago

How much profit did you leave for Ghana at the time you were booted out of power??? You stole from Ghana like there was no tomorrow!!! Imagine how much you were ripping Ghana off with the interoperability contract?? You want ...
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How much profit did you leave for Ghana at the time you were booted out of power??? You stole from Ghana like there was no tomorrow!!! Imagine how much you were ripping Ghana off with the interoperability contract?? You want to be president for real Mahama, you are joking.
Kobi 1 year ago

Senseless man

Senseless man
Sam 1 year ago

And what has swallowed you? Corruption

And what has swallowed you? Corruption
Emma osew 1 year ago

Write your comment mahama you talk too much. You are all the same. You don.t message for ghanians

Write your comment mahama you talk too much. You are all the same. You don.t message for ghanians

Abena 1 year ago

You thief bring out all the stolen money.

You thief bring out all the stolen money.
AKURASENI 1 year ago

From free EDUCATION to assembly Man to president ,can you tell the money Ghana have spent you and what you have given to Ghana. Nonsense

From free EDUCATION to assembly Man to president ,can you tell the money Ghana have spent you and what you have given to Ghana. Nonsense

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'Debt has swallowed the country' - John Mahama laments

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