Ghana´s debt stock: 'Freeze some dev´t projects' – Economist

Read Comments Comments (15)

• Zangina 9 years ago

  The government has concentrated its efforts in borrowing to build prestige projects without thinking about the social aspects. The people will not be able to get the fuel to drive on these interchanges, can't use the hospital ...
  read full comment

  The government has concentrated its efforts in borrowing to build prestige projects without thinking about the social aspects. The people will not be able to get the fuel to drive on these interchanges, can't use the hospitals because the prohibitive cost of health care and cannot get jobs because the projects being executed don not create jobs for the Ghanaian. Prestige is equal to propaganda and all for elections. They should pause for a moment and think about the fate of the people.

  reply
• Amega 9 years ago

  Not at this campaign year. Mahama and his NDC know nothing and will unerstand nothing will borrow to do shody projects to woo voters, and after elections turn round to tell Ghanaians ALL THE MEAT HAS BEEN EATEN leaving only B ...
  read full comment

  Not at this campaign year. Mahama and his NDC know nothing and will unerstand nothing will borrow to do shody projects to woo voters, and after elections turn round to tell Ghanaians ALL THE MEAT HAS BEEN EATEN leaving only BONES.

  reply
• Marcus, Tema 9 years ago

  Please tell us which projects must be frozen. Mahama is incompetent and has stolen all our moneys and has nothing to show for it. Are you an economist or a party propagandist?

  Please tell us which projects must be frozen. Mahama is incompetent and has stolen all our moneys and has nothing to show for it. Are you an economist or a party propagandist?

  reply
• OKOE 9 years ago

  THE ECONOMIST IS RIGHT. WE ALL KNOW THAT GOVERNMENTS AND POLITICIANS, IN ORDER TO PROPAGATE THEIR ACHIEVEMENT, MORE OFTEN THAN NOT BORROW MORE IN ORDER TO PROVE THEIR PERFORMANCES RATHER THAN ALLOWING THE COUNTRY TO LIVE WITH ...
  read full comment

  THE ECONOMIST IS RIGHT. WE ALL KNOW THAT GOVERNMENTS AND POLITICIANS, IN ORDER TO PROPAGATE THEIR ACHIEVEMENT, MORE OFTEN THAN NOT BORROW MORE IN ORDER TO PROVE THEIR PERFORMANCES RATHER THAN ALLOWING THE COUNTRY TO LIVE WITHIN ITS MEANS. WE ARE OVER BORROWING AND THIS IS NOT PERSUASIVE ALTHOUGH IT IS POLITICALLY EXPEDIENT. LET US LIVE WITHIN OUR MEANS AND BE TRUTHFUL TO GHANAIANS AND THEY WILL UNDERSTAND. LET THERE BE HONESTY IN POLITICS FOR ONCE. AM I DREAMING?

  reply
• Keynes 9 years ago

  China's debt stock is 240% of GDP, and our nation's looters are ambitious.

  China's debt stock is 240% of GDP, and our nation's looters are ambitious.

  reply
• pk 9 years ago

  All the development is happening because of the infrastructural deficit. Numerous advantages though particularly providing both skilled and unskilled employment. They bear fruit. Shoddy work is not the government's fault but ...
  read full comment

  All the development is happening because of the infrastructural deficit. Numerous advantages though particularly providing both skilled and unskilled employment. They bear fruit. Shoddy work is not the government's fault but a demonstration of dishonesty.

  reply
• Nii 9 years ago

  Freeze on development projects? Why this fixation about debts? Which country's doors had been locked because of debt?
  At what cost will those projects be in the future?
  Don't the Ghanaian deserve an enhanced standard of li ...
  read full comment

  Freeze on development projects? Why this fixation about debts? Which country's doors had been locked because of debt?
  At what cost will those projects be in the future?
  Don't the Ghanaian deserve an enhanced standard of living?
  Is Ghana the only country borrowing to develop?
  Won't our wealth improve with better infrastructure thus aiding us to pay off debts.
  These armchair economists should give us a break.

  reply
• Kofi Dramatic 9 years ago

  This goes to show how simplistic and narrow minded you are. I don't blame you because your father is a dog so no one can reason with you

  This goes to show how simplistic and narrow minded you are. I don't blame you because your father is a dog so no one can reason with you

  reply
• Bob 9 years ago

  Stop wasting your time with these academic arguments. As a senior lecturer at Legon, you don't know how much Ghana's debt is? So what kind of research do you people do at that university? You don't keep records of such things ...
  read full comment

  Stop wasting your time with these academic arguments. As a senior lecturer at Legon, you don't know how much Ghana's debt is? So what kind of research do you people do at that university? You don't keep records of such things? Am disappointed in these book long people. So what is your use then?
  
  All hats, no cattle.

  reply
• Sly 9 years ago

  Our negotiators lack of negotiatives skills. No wonder.

  Our negotiators lack of negotiatives skills. No wonder.

  reply
• pk 9 years ago

  Never in the annals of Ghana's history except perhaps in the immediate post independence period has infrastructural development being on such a scale. Even so transportation is not up to scratch. Rail transport virtually non ...
  read full comment

  Never in the annals of Ghana's history except perhaps in the immediate post independence period has infrastructural development being on such a scale. Even so transportation is not up to scratch. Rail transport virtually non existent. Infrastructure development is the way forward. It's a valuable investment.

  reply
• SAY IT AS IT IS 9 years ago

  This is one of the foolish talks i have heard for sometime now. Do you mean what is started must be frozen?

  This is one of the foolish talks i have heard for sometime now. Do you mean what is started must be frozen?

  reply
• EZEKIEL 9 years ago

  Maybe it is MORE INTELLIGENT to advice that NO NEW PROJECTS be started UNTIL those you've listed....IF that's ALL... are completed!!!!!
  You don't just STOP in mid-section.!!!
  When you have money to CONTINUE , the projects m ...
  read full comment

  Maybe it is MORE INTELLIGENT to advice that NO NEW PROJECTS be started UNTIL those you've listed....IF that's ALL... are completed!!!!!
  You don't just STOP in mid-section.!!!
  When you have money to CONTINUE , the projects may be MORE COSTLY then!!

  reply
• Obiara 9 years ago

  The NPP strategy is in full force. DR. Amoako Baah Head of Political Science, UST
  DR Robert Darko Economist University of Ghana
  Ghanaians are not persuaded by folks like these who display their shallowness by twisting fact ...
  read full comment

  The NPP strategy is in full force. DR. Amoako Baah Head of Political Science, UST
  DR Robert Darko Economist University of Ghana
  Ghanaians are not persuaded by folks like these who display their shallowness by twisting facts.

  reply
• Senior citizen - Germany 9 years ago

  The NDC government led by Mr Mahama is an over-ambitious one ever come to power in the history of our Nation, but the fact is written black and white on the red wall that,President Mahama and his retinues are doing this,osten ...
  read full comment

  The NDC government led by Mr Mahama is an over-ambitious one ever come to power in the history of our Nation, but the fact is written black and white on the red wall that,President Mahama and his retinues are doing this,ostensibly to appeal falsely to Ghanaian electorates,they are the only party which embarks on developmental projects when they are in power,and should therefore continue to vote for them and forget about any potential political party like NPP but We see this selfish and insatiable borrowing as a means of getting their twenty percent booty on all projects they have done or about to embark upon at the expence of the present and future generatios.We appeal to them to limit the projects they have in mind to avoid hyper debt regime in the country which will intend errode our present and future economis.

  reply