IMF deal needs ‘tweaking’ after shortfall discovery – Finance Minister

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• CHE 7 years ago

  If the finance minister is setting up our minds to accept their strategy of borrowing more money as the way forward, then their deception during the campaign period is obviously being manifest.OUR FUTURE UNDER THE NPP IS BEGI ...
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  If the finance minister is setting up our minds to accept their strategy of borrowing more money as the way forward, then their deception during the campaign period is obviously being manifest.OUR FUTURE UNDER THE NPP IS BEGINNING TO LOOK THE SAME AS UNDER THE NDC. Politicians of all stripes are the same and we the citizens are going to change them every 4 years.

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• Mr Bond 7 years ago

  Why not Germany?Why are we beating around the bush?The Germans are will to come to our aid.What happen to NDC $3 billion for oil deal?This deal need investigation since our oil goes to China and we did not hear nothing about ...
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  Why not Germany?Why are we beating around the bush?The Germans are will to come to our aid.What happen to NDC $3 billion for oil deal?This deal need investigation since our oil goes to China and we did not hear nothing about the $3 billion.

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• BetterGhAgenda 7 years ago

  Tighten your belts for the next ten months. With all these juicy campaign promises of the NPP government, about 9 billion USD is required to fulfill all of these one-this-one-that promises, pay up their campaign debts and kee ...
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  Tighten your belts for the next ten months. With all these juicy campaign promises of the NPP government, about 9 billion USD is required to fulfill all of these one-this-one-that promises, pay up their campaign debts and keep the ever-ballooning government running effectively. You cannot retrieve much from monies stolen by the former government within the next 4 years but keep tracking the lost funds to deter future bad conduct by government appointees and ministers. Keep the taxes where they are because our foreign exchange earnings between now and 2020 at maximum output of commodities will come up to between 3 - 4 billion dollars. Where from the remaining 5-6 billion USD to supplement the NPP budget? It has to come from borrowing and the government cannot pretend they can do without borrowing. The new government is evading the IMF because of the strict conditions attached which do not allow for fiscal space to manouvre knowing how African politicians put theeir stomach forward before the state's needs. The Chinese are just looking for their own interest and not that of the borrowing country, so as long as you are willing to payback with high interests they are ever ready to lend out. If the NPP was against the NDC Chinese loans, why are they now in talks with the Chinese for loans? Forget about Europe or US as they close their ranks, and also as we are no more considered HIPC. Is it Trump or May or Merkel we are going to count on for aid? Begin cocoa and gold processing here in Ghana if we are serious about creating jobs for the youth. Employ more locals into the oil industry and begin to process our own oil. It is the only way out of this doldrum. Ghanaians need to tighten their belts for the next ten months while the negotiations with IMF and China are ongoing and that is the gospel fact. Don't follow politicians blindly as they are all the same. All we need is a neutral business man like Trump (Ndoum) who knows how to run business effectively. The party system of government is what's destroying African countries. A word to the wise is enough.

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