IMF approves more borrowing as debts escalates

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• Kaaji 10 years ago

  Nkwaseafoc

  Nkwaseafoc

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• PRINCE KWASI ADADE (OFIE P33) 10 years ago

  DR. BAWUMIA ON NDC: ----
  “You inherited an economy with the highest resources in the history of Ghana.  Tax resources, four times higher than the NPP; Cocoa, three times higher; Gold, three times higher; you have borrowed ...
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  DR. BAWUMIA ON NDC: ----
  “You inherited an economy with the highest resources in the history of Ghana.  Tax resources, four times higher than the NPP; Cocoa, three times higher; Gold, three times higher; you have borrowed more than all the governments put together and still we can’t feel a better economy, then you have failed. Mahama deserves F in economic management,” Bawumia asserted.
  
  Speaking in an interview with Nsempawura on a Koforidua-based Eastern FM, the former Deputy Governor said for instance, the NDC government inherited a total debt of GHC 9.5 billion in 2009 and has increased it to GHC 90 billion within six years.
  
  By the end of the year, Ghana’s debt will hit about US$ 40 billion looking at the current borrowing trend, he predicted.
  
  With the sum of US$ 40 billion, he said, a good management team will allocate just US$ 2 billion to each region for development but the contrary is happening under the NDC government.
  
  In economic management, every government with such an amount of money should be able to pay nurses, teachers, doctors, NHIS, and take care of all the social intervention programmes in Ghana, Dr. Bawumia analysed.
  
  According to Dr. Mahamudu Bawumia, President Mahama and the NDC government can best be described as a “toxic mixture of incompetent and corruption which has exploded into ‘Wahala’ and Suffering”.
  
  He feared for the future of the Ghanaian youth under the NDC administration, and challenged the youth to join the NPP to recapture power from the NDC in the 2016 General elections.

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• KWAA 10 years ago

  Now Government has got grounds to kill Ghana.Lets bet that by the end of next year our debt will be hitting Hundred Billion?Win or lose NDC will try everything including selling more bonds to buy votes,not caring about the fu ...
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  Now Government has got grounds to kill Ghana.Lets bet that by the end of next year our debt will be hitting Hundred Billion?Win or lose NDC will try everything including selling more bonds to buy votes,not caring about the future generation.

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• kk 10 years ago

  That's what happens if you offer yourself to be drowned

  That's what happens if you offer yourself to be drowned

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• Brobbsnet 10 years ago

  Ghana is falling very deep into a bottomless pit. If voters don't change the direction of Ghana in 2016 elections,Ghanaians will sleep with STONES as Pillows!.

  Ghana is falling very deep into a bottomless pit. If voters don't change the direction of Ghana in 2016 elections,Ghanaians will sleep with STONES as Pillows!.

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• KingTampo 10 years ago

  May the God's save and protect Ghana from the consequence of these massive debts. 75% of GDP is just outrageous and irresponsible. Those who continue to give or take these debts cannot be thinking about the interest, welfare, ...
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  May the God's save and protect Ghana from the consequence of these massive debts. 75% of GDP is just outrageous and irresponsible. Those who continue to give or take these debts cannot be thinking about the interest, welfare, and INDEPENDENCE of Ghana.

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• KnYc(USMC) 10 years ago

  Oh Ndc incompetent president and his irrelevant irresponsibility ministers who don't know what they are doing, keep on borrowing borrowing borrowing until we can't pay our way back. The most useless government in the history ...
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  Oh Ndc incompetent president and his irrelevant irresponsibility ministers who don't know what they are doing, keep on borrowing borrowing borrowing until we can't pay our way back. The most useless government in the history of Ghana, but because of corrupt politicians every body is mute while's our country sinks in dark ages. NPP should come back and safe us from this useless irrelevant government of Ndc.

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• summerday 10 years ago

  hahaaha. Ghana boast of intellectual people and Seth Tekper is what we have to exhibit to the world. It's really annoying and shameful and i'm beginning to think i can even do better as a finance minister.

  hahaaha. Ghana boast of intellectual people and Seth Tekper is what we have to exhibit to the world. It's really annoying and shameful and i'm beginning to think i can even do better as a finance minister.

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• United Ghana 10 years ago

  You certainly couldn't do any worse.

  You certainly couldn't do any worse.

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• justice 10 years ago

  Hmmm where are headin towords to? Are we save? Why should we allow this so called j m to be pushin as and pretend to be worried of where we are goin to fall' NDC as a party is tactical in stealin but inconpetence in rulin s ...
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  Hmmm where are headin towords to? Are we save? Why should we allow this so called j m to be pushin as and pretend to be worried of where we are goin to fall' NDC as a party is tactical in stealin but inconpetence in rulin so y wll a civilized ghanaian give his or her vote to that serious theif foooools

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• Odii 10 years ago

  Eii, so religious leaders, so called peace council and chiefs are sitting down unconcerned for nana borro (mahama) to cripple our economy. if governance is all about borrowing then any fool can become president. All you need ...
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  Eii, so religious leaders, so called peace council and chiefs are sitting down unconcerned for nana borro (mahama) to cripple our economy. if governance is all about borrowing then any fool can become president. All you need to do is to borrow, borrow & borrow because the next generation will come and pay. NDC, taking our national debt from 9 billion cedis in 2009 to 94.5 billion is unacceptable. nana borrow, GHANA begs you, pls stand down for you are killing our country.

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• ex-cpl Atia Naagode 10 years ago

  Ama Ghana 'For Sale' A note of warning to future génération.????????????

  Ama Ghana 'For Sale' A note of warning to future génération.????????????

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• ASIEDU NKETIAH 10 years ago

  Bogos IMF. This IMF people have team up withh atta ayi mahama receiving bribe to let them borrow more.

  Bogos IMF. This IMF people have team up withh atta ayi mahama receiving bribe to let them borrow more.

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• Waaluk 10 years ago

  In deed, it is to the IMF's advantage to mortgage Ghana to them as that will allow untold number of foreign direct investment (FDI) activities to the detriment of our dear nation. Thus, exploiting our labour, environment, etc ...
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  In deed, it is to the IMF's advantage to mortgage Ghana to them as that will allow untold number of foreign direct investment (FDI) activities to the detriment of our dear nation. Thus, exploiting our labour, environment, etc for their CAPITALIST's objectives. These people have destroyed their own nations and are now bent on destroying ours. Irresponsible capitalism has deprived many from living in dignity in these IMF surrogate nations. So immoral, IMF knows they are dealing with corrupt representatives.

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• George Nutsugah 10 years ago

  I support NDC but I'm beginning to doubt the direction this John Mahama government is taking Ghana. I don't think we are on the right track.

  I support NDC but I'm beginning to doubt the direction this John Mahama government is taking Ghana. I don't think we are on the right track.

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• YF 10 years ago

  NDC, agyimifuo party, IMF has contracted the government to more boroughing, as if to borough just means work are done. What nonsense and stupidity is that? These people are so primitive that they make our country look odd in ...
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  NDC, agyimifuo party, IMF has contracted the government to more boroughing, as if to borough just means work are done. What nonsense and stupidity is that? These people are so primitive that they make our country look odd in the eyes of the international community. How can an institution you have gone for credibilty because you have misused all resources advice you to borough more when they are also giving you loans? Mmoa paa nie. Ghanafuo get rid of these fools before your country is sold, animals in charge who have no sense of thinking.

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• YF 10 years ago

  NDC, agyimifuo party, IMF has contracted the government to more borrowing, as if to borrow just means works are done.What nonsense and
  stupidity is that? These people are so primitive that , they make our country odd in the ...
  read full comment

  NDC, agyimifuo party, IMF has contracted the government to more borrowing, as if to borrow just means works are done.What nonsense and
  stupidity is that? These people are so primitive that , they make our country odd in the eyes of the world. How can an institution you've gone for credibilty because you had misused all the resources advice you to borrow more loans when you owe them yourselves? Mmoa paa nie. Ghanafuo get rid of these fools before your country is sold. Animals in charge who have no sense of what they doing.

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• Samuel Adjei Sarbuor 10 years ago

  I think the leaders must eat, drink and breathe truth than swallowing liar.

  I think the leaders must eat, drink and breathe truth than swallowing liar.

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• IGP 10 years ago

  Mother fucker IMF thieves

  Mother fucker IMF thieves

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• K Man 10 years ago

  Look we cannot rely on government so all Ghanaians including those in the diaspora need to look to how we can ensure that Ghana remains a secure country. I'm talking about those who have the finance, work ethic and vision to ...
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  Look we cannot rely on government so all Ghanaians including those in the diaspora need to look to how we can ensure that Ghana remains a secure country. I'm talking about those who have the finance, work ethic and vision to help build Ghana. If we sit and wait on Mahama and the leaders in the system then Ghaba will sink.
  
  Where are the community and business leaders we need some thought and practical solutions to help maintain and generate growth ( diasporan fund, cooperatives, creating a funding network for local business excluding the use of banks)
  IMF is just looking to sink Ghana with debt so that it can control Ghana's economic future.

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