Finance Ministry replies Minority’s ‘baseless allegations’ on $2.25b bond

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Joe 8 years ago

Case closed! What's next? Nay Sayers n doom mongers....shame on you! Change is here, get used to it.

Case closed! What's next? Nay Sayers n doom mongers....shame on you! Change is here, get used to it.
Stormborn 8 years ago

Hey dude or babe. What's good? 4 whole months gone! 4 months!!! If you can, why not? If I told U each 5 mins, U have the potential to pick at least N5000 ($15) from a walk-in customer for that smartphone or tablet fix, will U ...
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Hey dude or babe. What's good? 4 whole months gone! 4 months!!! If you can, why not? If I told U each 5 mins, U have the potential to pick at least N5000 ($15) from a walk-in customer for that smartphone or tablet fix, will U still be home idle? Very common with this business! Learn today. Get " Mobile Phones & Tablets Repairs : A Complete Guide for Beginners and Professionals " from Amazon marketplaces, Barnes & Noble, eBay etc. Sure bet!
Anansi 8 years ago

Hon. Minister. You are too good for them fools. Don't waste time responding to these allegations. We want good management for our cedi. 8 years they couldn't think outside the box, all they did was to tax. They are angry beca ...
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Hon. Minister. You are too good for them fools. Don't waste time responding to these allegations. We want good management for our cedi. 8 years they couldn't think outside the box, all they did was to tax. They are angry because of the ease that you fixed this deal.kudos.
DusTY-FooT-pHiloSophER 8 years ago

Ha-ha-ha! Listen to another clueless praise singer la! Economic management is like pregnancy, the end product is either fantastic or disastrous with time. So, let's wait for the end magic or shame, shall we?

Ha-ha-ha! Listen to another clueless praise singer la! Economic management is like pregnancy, the end product is either fantastic or disastrous with time. So, let's wait for the end magic or shame, shall we?
polobolo 8 years ago

Shame on you dusty, you do not want your country to prosper just because your party is not in power. Those evil thoughts of yours will not materialise. Agents of satan

Shame on you dusty, you do not want your country to prosper just because your party is not in power. Those evil thoughts of yours will not materialise. Agents of satan
DusTY-FooT-pHiloSophER 8 years ago

Keep ranting as the truth passes you by before the limelight. Have a gentleman's day!

Keep ranting as the truth passes you by before the limelight. Have a gentleman's day!
Uncle Pee 8 years ago

If former Deputy Finance Minister, Cassiel Ato Forson, does not understand these transactions, how on earth was he made a Finance minister? This explains the poor state of the economy the new administration bequeathed from th ...
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If former Deputy Finance Minister, Cassiel Ato Forson, does not understand these transactions, how on earth was he made a Finance minister? This explains the poor state of the economy the new administration bequeathed from the NDC administration.
AB 8 years ago

You ought to learn for yourself what and how things work before you comment on it. You seem so ignorant, but common sense too can be applied when necessary. There are definitely big question marks, if I might say.

You ought to learn for yourself what and how things work before you comment on it. You seem so ignorant, but common sense too can be applied when necessary. There are definitely big question marks, if I might say.
DusTY-FooT-pHiloSophER 8 years ago

Just don't mind him, for he is not a lonesome Kukurudu praise singer in her who refuses to apply one's brain.

Just don't mind him, for he is not a lonesome Kukurudu praise singer in her who refuses to apply one's brain.
Crying with one eye opened. 8 years ago

As long as there is a connected person to the Finance Minister, this should have been disclosed. Was there such a public disclosure before these seeming transparent deals and all stake holders were brought in?

If this ben ...
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As long as there is a connected person to the Finance Minister, this should have been disclosed. Was there such a public disclosure before these seeming transparent deals and all stake holders were brought in?

If this beneficiary which everything seemed to have been skewed to benefit is personally known to the Finance Minister and was not disclosed by the Finance Minister but was found out through leaked document - the Minister has been implicated and the Minority has made a case.

polobolo 8 years ago

Are you sure you really did comprehend the statement from the finance ministry? Please read again before you comment

Are you sure you really did comprehend the statement from the finance ministry? Please read again before you comment
Citizen 8 years ago

Let's stop the lies in this country. The last euro bond the government went for was at about 10% and the NPP went on ranting about how it was astronomically high Second lie is how NPP is making it look like FT is doing Ghana ...
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Let's stop the lies in this country. The last euro bond the government went for was at about 10% and the NPP went on ranting about how it was astronomically high Second lie is how NPP is making it look like FT is doing Ghana a favour. WOW!!!. For Christ sake, FT is an investment fund meaning they take money from their clients in the US and offer them to invest it in financial instruments to make them super Profits. FT is no charity organisation!!! You sell local bonds at an interest rate of 19% to pay back the interest and principal in cedis. FT brings in dollars, changes it into cedis and buys your local bonds. After maturity, FT takes cedi principal and interests and converts it to dollars to be given back to their clients. So in effect FT is betting on an appreciated cedi to make their supernatural PROFITS. There is no win scenario here for Ghana my people. If Ghana struggles to appreciate the cedi, FT cashing in on their profits alone will send the cedi on a fast depreciation spree. Assuming FT brought in 2 billion dollars in march at an exchange rate of 4.8. FT thus has cedis of 9.6 billion worth of local currency bonds. Assuming after a year of maturity, FT has 9.6 billion plus an interest of 1.9 billion cedis totalling 11.5 billion. Now assuming the interest rate of today is applied (4.15), FT will have 2.77 billion dollars. Now let us take their initial principal of 2 billion dollars and find the actual interest recieved by FT. This actually amounts to 38.5 % !!!!!!!!!!!!!!!!!! Honourable Ken ofori atta is playing a very risky game and running Ghana like his personal investment fund. The only way Ghana can gain and for FT to loose is for our cedi to depreciate. And who has given FT the information that our cedi will appreciate?? With the SANKOFA fields coming into production, this government will see some inflows of foreign currency and this money is in fact just going to go into the pockets of FT. NPP have clearverly executed the biggest version of Create, Loot and Share in the history of the Republic. God save us from these crooks !!!!
Nana Asenso 8 years ago

They are just being jealous because of the swift way the bond was purchased and how it is revealing their incompetence to handle the economy when it was in crisis.

They are just being jealous because of the swift way the bond was purchased and how it is revealing their incompetence to handle the economy when it was in crisis.
Nana Asenso 8 years ago

Since the NDC guys are flooded daily on ghanaweb they should read the article by Peter Antwi Bosiako to understand what this local bond issuing means and stop their ignorance. The NDC govt was issuing local bonds for 25% and ...
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Since the NDC guys are flooded daily on ghanaweb they should read the article by Peter Antwi Bosiako to understand what this local bond issuing means and stop their ignorance. The NDC govt was issuing local bonds for 25% and now you have govt with investor confidence issuing it for 19%. Check the difference
Navrongo Man 8 years ago

What is next NDC propagandist? Your propaganda took you to opposition and shall keep you there. We the good people of Ghana are wide awoke now and will never fall for this cheap lies. If this explanation is hollow then what i ...
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What is next NDC propagandist? Your propaganda took you to opposition and shall keep you there. We the good people of Ghana are wide awoke now and will never fall for this cheap lies. If this explanation is hollow then what is your allegations? When Fools keep quite, they are deemed wise.

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Finance Ministry replies Minority’s ‘baseless allegations’ on $2.25b bond

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