Ghana gov’t back on bond market

Read Comments Comments (5)

• affani 8 years ago

  Hahahahahahaha..........NPP on the bond market. We told you so.

  Hahahahahahaha..........NPP on the bond market. We told you so.

  reply
• fact 8 years ago

  they have nothing new to offer

  they have nothing new to offer

  reply
• TULA 8 years ago

  Sometimes you cannot understand but marvel at the ignorance and stupidity of certain NDC commentors who do not read or bother to read or understand simple economic text ; the finance minister told the whole nation that there ...
  read full comment

  Sometimes you cannot understand but marvel at the ignorance and stupidity of certain NDC commentors who do not read or bother to read or understand simple economic text ; the finance minister told the whole nation that there was a big deficit in the budget which needs to be financed by local means not by overseas bonds because there is a difference between the two ; you can do this by impproved taxation collection or borrow on the local market through bonds ; the NPP government have no choice because they were left with the legacy of this huge debt by these NDC stillers who fulled Ghanaians that their over priced construction programmes which left a huge hole in our finances ; the NDC government under SEth Terpkor and that idiotic full Ato Forson would have gone on the overseas bond market to finance the deficit with hard currency and the divert the rest of the cash into their pockets thuis living Ghana with more huge debits; instead of the them to close the loop hole and introduce ignored areas of tax in the economy like exporting more ; getting these labansees ; Indians Chinesse to pay more on their smuggled gold they ignore this because they get 'NOKOFIO'; the NPP government have only been in government for less tha 12 weeks ; how do you expect them to to close the huge deficit left by these NDC KROOKS !!!!!!led by Jon Mahama ; mine advice to Nana Addo please just examine all contract deals and delay payments of contracts till we have enogh funds to pay these NDC contractor bandits.

  reply
• Kwesi 8 years ago

  U are a fool.

  U are a fool.

  reply
• C.Stephen Sackey 8 years ago

  The Ecowas countries should get together and reduce their prime rate to 2%.
  
  Gosh.. it doesn't take a rocket scientist to understand this fundamental economic truism.
  It's quantitative easing for everyone.
  
  Do the math. ...
  read full comment

  The Ecowas countries should get together and reduce their prime rate to 2%.
  
  Gosh.. it doesn't take a rocket scientist to understand this fundamental economic truism.
  It's quantitative easing for everyone.
  
  Do the math.
  An economic formula for an expansionary economic model, utilizing a constant 2% interest rate assumption, will trigger,lineally a GDP growth rate of close to 10% annually.
  
  With that growth rate enough tax revenue- dependent on the corporate tax rate- will generate enough tax revenue to reduce the government deficit which will in turn shore up the local currency.
  
  The way the rates are right money manager the world over would be fools not to invest in Ecowas treasurys, considering the yield on their home treasurys is 1 % compared to the 22% in the ecowas countries.
  
  And folks these money managers use interest rate futures market to hedge against their exposures to emerging market investments...
  
  Folks it's not rocket science... !

  reply