Analysts fear for Ghana's economy

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• SGT ANANI FIADZOE 12 years ago

  I can assure everyone that Ghana's economy is very sound and healthy and can only get better. Even with a fiscal deficit of 19% under Kufuor, the economy only suffered a jolt because of the dexterity with which the NDC handle ...
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  I can assure everyone that Ghana's economy is very sound and healthy and can only get better. Even with a fiscal deficit of 19% under Kufuor, the economy only suffered a jolt because of the dexterity with which the NDC handled things. So recovering from 12% is kooko for the NDC financial wizards.
  
  Fellow Ghanaians, the economy and your welfare have never been in safer hands!

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• SGT ANANI FIADZOE 12 years ago

  Note the corrected heading

  Note the corrected heading

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• KKK 12 years ago

  TRADEMARK OF NDC GOVERNANCE.......POOR GOVERNANCE.
  NPP....STEALING.

  TRADEMARK OF NDC GOVERNANCE.......POOR GOVERNANCE.
  NPP....STEALING.

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• THINKING CAP 12 years ago

  NOT ONE MEMBER OF NPP WAS JAILED. NPP CAME TO POWER AFTER 30YRS IN OFFICE, BUT THEY BETTER THAN SO CALL SOCIALIST .

  NOT ONE MEMBER OF NPP WAS JAILED. NPP CAME TO POWER AFTER 30YRS IN OFFICE, BUT THEY BETTER THAN SO CALL SOCIALIST .

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• MAHAMA MORE CORRUPT NOW 12 years ago

  GAY MAHAMA IS SINKING GHANAOOOOO,EI GHANA PAA NIE,GOD WILL PUNISHED ALL NDC WOYOME MAHAMA,PERIOD

  GAY MAHAMA IS SINKING GHANAOOOOO,EI GHANA PAA NIE,GOD WILL PUNISHED ALL NDC WOYOME MAHAMA,PERIOD

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• DD 12 years ago

  Oh my God, why do we do these things to ourselves? Are you a Ghanaian with Ghana at heart? you call this economic situation in Ghana as in safe hands? When the same group of people manages the economy for over 4yrs and now su ...
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  Oh my God, why do we do these things to ourselves? Are you a Ghanaian with Ghana at heart? you call this economic situation in Ghana as in safe hands? When the same group of people manages the economy for over 4yrs and now supply of basic necessity like water and electricity are in total disarray, business not having power to work and with no clear plan ahead. You call that safer hands?
  YOU ARE JOKING.

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• THINKING CAP 12 years ago

  RAWLINGS WAS RIGHT WHEN HE SAID KONONGO KAYA. NDC CANT DO THE THING, AND WILL NOT ALLOW NPP TO DO IT.

  RAWLINGS WAS RIGHT WHEN HE SAID KONONGO KAYA. NDC CANT DO THE THING, AND WILL NOT ALLOW NPP TO DO IT.

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• ATINGA 12 years ago

  The oversubscribed eurobond with a coupon rate of 8.5% is now trading at 3.5% percentage points below the initial coupon rate of 8.5%. Are the investors who bought these coupons going to get their ROI at even the initial base ...
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  The oversubscribed eurobond with a coupon rate of 8.5% is now trading at 3.5% percentage points below the initial coupon rate of 8.5%. Are the investors who bought these coupons going to get their ROI at even the initial base rate, let alone, garner some percentage points over the initial offer? When downright incompetence is exhibited to it's fullest extent by a bunch of corrupt politicians who don't have any business being in gov't, these are the exact results. The economy is tottering and the various sectors are reeling from the gross ineptitude which has characterized the manner in which the country has been run and the preceding months, would be very revealing.

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• Sakura 12 years ago

  Are you sure? A 3.5% yield means the price of the bond has risen. Those who hold it to maturity will get their 8.5% coupon rate. With the dire economic news I will not be surprised if the yield widens.

  Are you sure? A 3.5% yield means the price of the bond has risen. Those who hold it to maturity will get their 8.5% coupon rate. With the dire economic news I will not be surprised if the yield widens.

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• LUKE ISAAC ATUGEBA 12 years ago

  THE STATE OF GHANA NOW IS LIKE THE DAYS BEFORE INDEPENDENCE. IT THEREFORE NEED ECONOMIC REVOLUTION.

  THE STATE OF GHANA NOW IS LIKE THE DAYS BEFORE INDEPENDENCE. IT THEREFORE NEED ECONOMIC REVOLUTION.

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• Sakura 12 years ago

  We are polarised because Ghanaians have has forgotten that we are "one Nation One People One Destiny". hating Ashantis or Ewes or Fantes or Northerners to advance political ambitions is despicable.

  We are polarised because Ghanaians have has forgotten that we are "one Nation One People One Destiny". hating Ashantis or Ewes or Fantes or Northerners to advance political ambitions is despicable.

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• BB Brown 12 years ago

  What have they analyzed? They have analyzed Ghana's economy right from independent till now still just seeing not beyond their noses.Ignore them, they are just doomsday economic analyzers,why didn't they analyze the economy a ...
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  What have they analyzed? They have analyzed Ghana's economy right from independent till now still just seeing not beyond their noses.Ignore them, they are just doomsday economic analyzers,why didn't they analyze the economy and give alternative advise but always wait to criticize when others have put in effort , they know nothing, i tell you.

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• EZEKIEL 12 years ago

  IF the ECONOMISTS KNEW IT ALL, the Financial World wouldn't be in THIS SAD STATE TODAY !! Ghanaian Economists should ALSO "follow" the DICTATES of their GRAY-MATTER a little !!
  Afterall, we were taught by the SAME
  Profs.!! ...
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  IF the ECONOMISTS KNEW IT ALL, the Financial World wouldn't be in THIS SAD STATE TODAY !! Ghanaian Economists should ALSO "follow" the DICTATES of their GRAY-MATTER a little !!
  Afterall, we were taught by the SAME
  Profs.!!!!!

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• Sakura 12 years ago

  But it should be within acceptable standard deviations that can be glossed over. Please call a spade a spade.

  But it should be within acceptable standard deviations that can be glossed over. Please call a spade a spade.

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• JAMES Y 12 years ago

  Ghana should remain unswerving to spend more through borrowing, if it needs to embark on infrastructural projects and capital investments to create jobs and, ultimately, boast the economy for the future. It must borrow now to ...
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  Ghana should remain unswerving to spend more through borrowing, if it needs to embark on infrastructural projects and capital investments to create jobs and, ultimately, boast the economy for the future. It must borrow now to enjoy the future in prosperity. All the talks about attracting foreign investment to Ghana will have no effect if the country does not have those facilities that attract foreign companies to locate or, invest in Ghana. Availability of roads, railways, air travel; efficient communication facilities such as telephones, mailing, accessible addresses; skilled personnel, hospitals, efficient and sufficient water, gas and electricity facilities are of paramount importance to attracting foreign companies. These require heavy capital investment. But Ghana is now in a quandary, with all the pressures breathing on its neck, so to speak, to reduce the deficit in its budgets to make it credit worthy to attract foreign money to finance some the capital projects mentioned above.
  
  Further austerity measures to reduce the deficit will not only hurt the people too much - there is a limit to their endurance - it will, also, starve growth in the economy to move it forward.

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• JAMES Y 12 years ago

  The government should ignore the pressure from analysts and borrow now to build infrastructure projects and increase capital investment, to kick start the economy. Ghana has endured austerity measures for so long with little ...
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  The government should ignore the pressure from analysts and borrow now to build infrastructure projects and increase capital investment, to kick start the economy. Ghana has endured austerity measures for so long with little or no benefit in the end.

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• Sakura 12 years ago

  How can the government reduce this when there is no electricity and productivity is down drastically? Where is the private sector? the government is the largest employer and so the budget deficit will continue to bloat. Look ...
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  How can the government reduce this when there is no electricity and productivity is down drastically? Where is the private sector? the government is the largest employer and so the budget deficit will continue to bloat. Look the how the government keeps expanding.

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• Truth-Be-Told USA 12 years ago

  wondering, how much income is Ghana gaining today through locals in receipt of Money Gram and Western Union transfers from outside of Africa?
  How come no serious group of Ghanaians living abroard(many for over 30 years now) ...
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  wondering, how much income is Ghana gaining today through locals in receipt of Money Gram and Western Union transfers from outside of Africa?
  How come no serious group of Ghanaians living abroard(many for over 30 years now) been formed to seriously tackle keeping the lights on in Ghana 24/7 for all of Ghana? Not to mention keeping clear water and developing a serious railway system across Ghana.
  Maybe CitiBank possibly coming to Ghana to establish a bank just might help others interested in REALLY helping Ghana find a clear path to do so? From my experiences with Ghanaians living in the US, to wait for them to awaken and REALLY help Ghana economically may never happen. They can not unify as such groups in US like the Mexicans, Koreans, Indians,etc.

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