Ghana’s borrowing reduced to 25 years

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• KW 12 years ago

  Are you astonished there are nö comments? The average Ghanaian has Little idea about ec onomics.We are adepts in insulting our political opponents

  Are you astonished there are nö comments? The average Ghanaian has Little idea about ec onomics.We are adepts in insulting our political opponents

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• Joe Turkey 12 years ago

  Do you have to comment on everything you read? Okay, let's twist loan maturity, interest rates, bond yield and coupon rate into political cheat talk, just so we can invite many more comments and insults (as if we need those c ...
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  Do you have to comment on everything you read? Okay, let's twist loan maturity, interest rates, bond yield and coupon rate into political cheat talk, just so we can invite many more comments and insults (as if we need those comments). By the way, Jerry Rawlings never understood anything in his government's budget.

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• NAS-LONDON 12 years ago

  we are starting to box clever

  we are starting to box clever

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• Richard, Tema 12 years ago

  Why this attempt to lie even in the first paragraph leading to a be-fuddled presentation.
  Ghana attained Middle-Income status in 2007, finito. The mischief of history engineering will not help anybody!!
  The important issue ...
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  Why this attempt to lie even in the first paragraph leading to a be-fuddled presentation.
  Ghana attained Middle-Income status in 2007, finito. The mischief of history engineering will not help anybody!!
  The important issue here is that we must learn to grow up and be responsible.

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• OPEN MINDED SAINT 12 years ago

  I AM SURE ALL WHAT THIS FINANCE MINISTER KNOWS IS BOND BOND BOND. HIS KNOWLEDGE IS LIMITED

  I AM SURE ALL WHAT THIS FINANCE MINISTER KNOWS IS BOND BOND BOND. HIS KNOWLEDGE IS LIMITED

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• Deen 12 years ago

  How does a country achieve a middle income status? I don't think middle income status is achieved because of the growth of the GDP. This is ridiculous and naive. How many people are employed and unemployed in Ghana? How many ...
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  How does a country achieve a middle income status? I don't think middle income status is achieved because of the growth of the GDP. This is ridiculous and naive. How many people are employed and unemployed in Ghana? How many people are educated, Have we been able to reduce our over dependence on foreign loans, grants. I still don't get it. So what happened if our GDP is 1.2% growth rate next year?

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• GHFUO, change ur thinking 12 years ago

  Story: How to Kill a Wolf/GHANA - (Eskimo Style)..HIPC STUNTING OUR GROWTH
  Up in the arctic circle there is tribe of Eskimo's(IMF, WESTERN DONORS, BANKS) who have learned to set
  a very simple yet effective trap for wolves ( ...
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  Story: How to Kill a Wolf/GHANA - (Eskimo Style)..HIPC STUNTING OUR GROWTH
  Up in the arctic circle there is tribe of Eskimo's(IMF, WESTERN DONORS, BANKS) who have learned to set
  a very simple yet effective trap for wolves (GHANA/MAHAMA). First they sharpen a knife
  razor sharp. Then they dip it in the blood of a seal they have killed.
  (you see seals are fairly easy to trap but wolves are very dangerous).
  After dipping the knife in blood they set it outside in the cold so the
  blood freezes on the knife. After if freezes (a matter of minutes) they
  dip it again into the seal blood and again take it out an let the blood
  freeze. Layer after layer they make a blood popsicle. When they are done,
  the knife's blade is hidden inside just like a popsicle stick. Now they
  take the knife out into the wilderness where they think a wolf might be.
  There the bury the handle of the knife in the snow leaving the blood
  popsicle standing up and they leave.
  
  Now after a while a wolf(GHANA/MAHAMA) will come along guided by his sense of smell(GREED) and
  find the "bloodsicle". He will being licking it, enjoying every taste.
  Over and over he licks the knife and soon his tongue is so cold he cannot
  feel it any longer. It's numb. But his taste for blood is growing and he
  is not getting as much as he wants - you see, popsicles are slow eating.
  Finally his licking exposes the razor sharp edge of the knife. It cuts
  into his tongue again and again but he does not even notice for his tongue
  can no longer feel anything. The wolfs own blood now flows from his cut
  tongue. The wolf is thrilled, blood is now more plentiful and he continues
  to lick more and more.
  
  Soon he notices something is wrong, he is getting weaker not stronger.
  Since he knows blood as food he increases his efforts to feed on the ever
  increasing flow of blood. His last thoughts are of how good the now warm
  blood tastes. Within minutes he licks his last and collapse next to the
  now fully exposed knife. Here the Eskimo(IMF, WESTERN DONORS, BANKS) knows he will find the wolfs(GHANA/MAHAMA)
  DEAD body the next morning.
  ABROKYIR = Dilusions of Grandeur

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• KANAWU 12 years ago

  WITH ALL OUR ABUNDANT RESOURCES, WHY DO WE LIVE ON LOANS? IS THAT THE ONLY RIGHT WAY TO GO? SOME EXPERT SHOULD EXPLAIN IT TO ME.

  WITH ALL OUR ABUNDANT RESOURCES, WHY DO WE LIVE ON LOANS? IS THAT THE ONLY RIGHT WAY TO GO? SOME EXPERT SHOULD EXPLAIN IT TO ME.

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• Tanko 12 years ago

  With these bond issuances they can just dip their sticky hands in the pot, hence the desire to go on a borrowing spree. By the way, if interest rates are low and one can anticipate a rise over a long period of time, then goin ...
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  With these bond issuances they can just dip their sticky hands in the pot, hence the desire to go on a borrowing spree. By the way, if interest rates are low and one can anticipate a rise over a long period of time, then going for a long-term loan makes sense. Who knows what will happen in 40 or 25 years? Just get us a non-partisan 20-year national development plan that will be reviewed every 3 years. However, I don't hear any argument of that sort, other than talks for political points, which have nothing to do with moving the nation forward. Ghanaian leadership is a joke.
  
  We were living without oil, and so I thought the oil revenues were just a "plus-alpha" that would let us go after projects we could not afford. Look what has happened!! The oil money is being spent on things (or being pocketed) I cannot fathom. What kind of educated people do we have? An educated thief is more dangerous than a pick pocket - those corrupt official deserve longer jail sentences. The average Ghanaian needs a job to take care of their family. Our educational system needs a big improvement, our hospitals should be upgraded and equipped.
  
  They talk about listing government bonds and corporate bonds on the stock market. Where are the credit/bond rating agencies? Our analysts and their analyses are so porous that they just report what they are told. Just read reports from Databank, Gold Coast Securities, etc., there is no insight and it is a complete waste of time. How many Ghanaians understand how investing in bonds and equities work? Making money on the stock market is important, but do we have the basics right?
  
  I am going to be vilified for taking this stance, but that is my view. We have corrupt government officials and crooks managing companies. How can the GSE and SEC protect minority shareholders?

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