BoG says it funded gov’t deficit in first quarter

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• kofious 11 years ago

  Government is still resorting to deficit financing, despite taxing virtually everything under the sun, discontinuing the payment of all subsidies and allowances, and engaging in unbridled domestic and external borrowing. Than ...
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  Government is still resorting to deficit financing, despite taxing virtually everything under the sun, discontinuing the payment of all subsidies and allowances, and engaging in unbridled domestic and external borrowing. Thanks to the unrelenting fiscal indiscipline.

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• Ghanababa 11 years ago

  Do we have any so called policy think tanks? All they do is wait to hear what the foreign experts say and the tow that same line.
  I am waiting to check what Fitch will bring next time....
  Fitch will destroy every vibrant e ...
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  Do we have any so called policy think tanks? All they do is wait to hear what the foreign experts say and the tow that same line.
  I am waiting to check what Fitch will bring next time....
  Fitch will destroy every vibrant economy who does not tow to its line. I love China who did not bow to them but proved them wrong. Fitch did not see the recession coming did they? But went ahead and blacklisted all major economies?

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• Foreigner 11 years ago

  Realize what Fitch is and what it is not. It is not like the World Bank or IMF. It's job is to assess risk against a bond issue, let it be by a private company or a government. Fitch will inform their clients/partners abou ...
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  Realize what Fitch is and what it is not. It is not like the World Bank or IMF. It's job is to assess risk against a bond issue, let it be by a private company or a government. Fitch will inform their clients/partners about the level of the risk in allowing someone to money for the long term. The weaker the economy or company, the higher the interest rates that need to be paid.
  
  It's a good thing that there IS outside experts to look at the ghana government. You can't believe anything they say.
  China doesn't have public bonds like other free market societies so there is nothing to rate. Besides, China is awash with cash from exports so they don't need bonds on the world market.

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• NANA AKUFO ADDO 11 years ago

  THE ECONOMY IS NOT IN DIRE SITUATION. FOREIGN FORCES WHO DO NOT WANT TO SEE AFRICAN COUNTRIES SUCCEED ARE BEHIND THESE RUMORS. THESE FOREIGN GOVERNMENTS AND AGENTS WANT TO SEE US IN PERPETUAL THIRD WORLD STATUS. TODAY IT IS ...
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  THE ECONOMY IS NOT IN DIRE SITUATION. FOREIGN FORCES WHO DO NOT WANT TO SEE AFRICAN COUNTRIES SUCCEED ARE BEHIND THESE RUMORS. THESE FOREIGN GOVERNMENTS AND AGENTS WANT TO SEE US IN PERPETUAL THIRD WORLD STATUS. TODAY IT IS FITCH, TOMORROW IT IS WORLD BANK, NEXT WEEK IT WILL BE IMF. WHY DONT THESE DARN ORGANIZATIONS MIND THEIR OWN FUCKING BUSINESSES? IF THEY ARE THAT GOOD, WHY COULDN'T THEY PREDICT THE SUBPRIME CRISIS IN THEIR OWN BACKYARDS? WISE UP AFRICAN PEOPLE. DON'T FALL FOR THESE ORCHESTRATED TRAPS!!

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• Nana Kwame 11 years ago

  It is sickening when the truth become the target. BOG has confirmed the story's veracity. Why blame international organizations for our government's fiscal indiscipline? Deficit financing as a tool has its implications to be ...
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  It is sickening when the truth become the target. BOG has confirmed the story's veracity. Why blame international organizations for our government's fiscal indiscipline? Deficit financing as a tool has its implications to be properly managed. We have used this method extensively in the past and consequences were unpleasant

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• mensah abrampa 11 years ago

  What did you want to hear from Fitch that you never heard? That the ghanaian economy is the fastest growing in the world, that the economy produced a million jobs last year, inflation rate is the lowest on the continent, etc? ...
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  What did you want to hear from Fitch that you never heard? That the ghanaian economy is the fastest growing in the world, that the economy produced a million jobs last year, inflation rate is the lowest on the continent, etc? Keep snoring and dreaming while your head is buried in the sand and you'll soon wake up to the stark realities you can no longer deny. Talk to the man on the street and find out the state of their personal pocket economy.

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• MRS SARAH 11 years ago

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