Domestic borrowing won’t crowd out private sector—Finance Ministry

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• Paul Binder 8 years ago

  You guys are doing exactly what that useless mahama did.Stop borrowing it will crowd out the private sector.Close the leakages youve been talking about since Adam.Whete is that tally clerk,Bawumiah

  You guys are doing exactly what that useless mahama did.Stop borrowing it will crowd out the private sector.Close the leakages youve been talking about since Adam.Whete is that tally clerk,Bawumiah

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• BOY KOFI 8 years ago

  When you have a huge public debt and you continue to spend extravagantly then ofcourse no foreign bank will borrow you money.
  Ofcourse,when you refuse to pay your huge public debt,you will no longer be a credit worthy and in ...
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  When you have a huge public debt and you continue to spend extravagantly then ofcourse no foreign bank will borrow you money.
  Ofcourse,when you refuse to pay your huge public debt,you will no longer be a credit worthy and interest rate for loans will go up,the cedi will continue to depreciate.
  Therefore,let nobody deceive you that govt is borrowing from the domestic bank so it's ok.The fact of the matter is that "borrow is borrow"from home or abroad it's still a borrow that will swell up the public debt.
  I'm not surprised that Ken Ofori Atta,the Finance Minister didn't tell us how his govt is going to pay the huge public debt.Don't worry be happy.

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• KOO 8 years ago

  You said "No Loans" but now u are borrowing from the domestic market. Govt is competing with private business which will automatically lead to high cost of credit to private businesses. If this continues unabated, cost of cre ...
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  You said "No Loans" but now u are borrowing from the domestic market. Govt is competing with private business which will automatically lead to high cost of credit to private businesses. If this continues unabated, cost of credit will be so high in the next 2 yrs and private business will suffer the most.

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