Where is the touted Economic Wizard, Bawumia? Ghc7bn in 5 months? Averagely, it is even more than Ghc1bn, one month.
And the untrusted Ghanaian press is quiet. More to come.
Where is the touted Economic Wizard, Bawumia? Ghc7bn in 5 months? Averagely, it is even more than Ghc1bn, one month.
And the untrusted Ghanaian press is quiet. More to come.
KOFI TIBAA 7 years ago
My brother use your brain. What do you want Vice to do now as we speak? Let these platform fills with those who can contribute sensibly and stop making unpersuasive contributions. Sad!
My brother use your brain. What do you want Vice to do now as we speak? Let these platform fills with those who can contribute sensibly and stop making unpersuasive contributions. Sad!
nje 7 years ago
The 2.5 bn USD alone is more than 10bn cedis. Where did they get the 7 bn from. Npp has come with their deceptive figure again
The 2.5 bn USD alone is more than 10bn cedis. Where did they get the 7 bn from. Npp has come with their deceptive figure again
AKKUFO KAKAM. 7 years ago
It's all a propaganda. You cannot wear the hart as you taught. Do surround your self with all Akufo and continue to bullshit Ghana people
It's all a propaganda. You cannot wear the hart as you taught. Do surround your self with all Akufo and continue to bullshit Ghana people
Fred 7 years ago
The debt stock has risen by GHc7 bilion but the debt- GDP ratio has decreased from 72% to 63.7% within the same 5 months period. That is splendid. Inflation has also reduced and exchange rate has been stabilized. This is what ... read full comment
The debt stock has risen by GHc7 bilion but the debt- GDP ratio has decreased from 72% to 63.7% within the same 5 months period. That is splendid. Inflation has also reduced and exchange rate has been stabilized. This is what we call Prudent Economic Management which NDC government lacks woefully.
Nana G. 7 years ago
Come again on the exchange rate please. Where on earth did the exchange rate stabilised?We pray it does but for now it hasn't.
Thank you.
Come again on the exchange rate please. Where on earth did the exchange rate stabilised?We pray it does but for now it hasn't.
Thank you.
AB 7 years ago
It's all semantics with figures? Bottom line is we owe more than before. Again, looking deeper, where and what is exactly makes for the increase in growth that has resulted in ratio coming down.
It's all semantics with figures? Bottom line is we owe more than before. Again, looking deeper, where and what is exactly makes for the increase in growth that has resulted in ratio coming down.
Joe Thinker 7 years ago
1ST quarter 2017 Ghana exported $4924.4bn and Imported $3778.5bn balance of plus $1145.9bn.62.5% of ghc127bn gives you a gdp ghc 203bn current.in dollar terms is ghc203bn/GHC4.25=$47bn.Source www.bog.gov.gh and click New Econ ... read full comment
1ST quarter 2017 Ghana exported $4924.4bn and Imported $3778.5bn balance of plus $1145.9bn.62.5% of ghc127bn gives you a gdp ghc 203bn current.in dollar terms is ghc203bn/GHC4.25=$47bn.Source www.bog.gov.gh and click New Economic and Financial Data May 2017
Mawriz 7 years ago
Write your figures well. Even that alone disqualifies you from the analysis you are doing. We have often had a negative net import and that is one of our struggles in Ghana and the developing world as a whole.
Write your figures well. Even that alone disqualifies you from the analysis you are doing. We have often had a negative net import and that is one of our struggles in Ghana and the developing world as a whole.
Joe Thinker 7 years ago
It's not my analysis,it's what is on bank of Ghana website
It's not my analysis,it's what is on bank of Ghana website
Amotia JINNI Powers man+233547122212 7 years ago
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Sas 7 years ago
Starrfm please check ur facts. The public debt is 62.5% of gdp in march. And was 127 bn cedis.....stop the mischief
Starrfm please check ur facts. The public debt is 62.5% of gdp in march. And was 127 bn cedis.....stop the mischief
BOY KOFI 7 years ago
We need economic reports with détails.You can't just talk about GDP without mentioning the adequate figures.
In the last quater of 2016,the GDP stood at 3.5% with bright prospects of improvement into 2017,so where are we no ... read full comment
We need economic reports with détails.You can't just talk about GDP without mentioning the adequate figures.
In the last quater of 2016,the GDP stood at 3.5% with bright prospects of improvement into 2017,so where are we now?Thank you.
Dr Robert K Glah 7 years ago
Prez Akufo-Addo could double debt stock from GC122 billion to Gc250bn in his first term, if he could justify his promises with his army of 110 ministers.
Nothing is wrong with increasing the debt stock so long as Ghana can ... read full comment
Prez Akufo-Addo could double debt stock from GC122 billion to Gc250bn in his first term, if he could justify his promises with his army of 110 ministers.
Nothing is wrong with increasing the debt stock so long as Ghana can see value for money spent.
Joe Thinker 7 years ago
Latest economic and financial data released by the Central Bank puts the country's debt stock at GHS127 billion at the end of March this year.
After it met on Friday to review the health of the economy, the data showed that ... read full comment
Latest economic and financial data released by the Central Bank puts the country's debt stock at GHS127 billion at the end of March this year.
After it met on Friday to review the health of the economy, the data showed that debt has increased from around GHS122 in December 2016 to GHS127 billion.
This represents an increase of GHS5 billion in the debt stock in three months but sources close to government indicate the increase was not as a result of fresh borrowings.
It says the cedi's depreciation and some commitment on the part of government, which contributed to the significant increase in the debt numbers.
The current debt stock of GHS127 billion is still higher than the GHS103 billion recorded in the same period of 2016. However, the GHS127 billion debts account for about 62 percent of the country's GDP, compared to the 73 percent recorded in December 2016.
External borrowings accounted for GHS71 billion of debt stock, with the remaining GHS55.2 billion coming through domestic borrowings.
It however not clear for now, whether recent debt re-profiling is yet to impact on debt numbers or it has already.
The current numbers has also reignited the whole debate as to whether Ghana should use the Debt- to-GDP-Ratio or the nominal numbers to assess governments commitment to reduce the public debt.
Some have also asked whether the new Debt to GDP ratio has now move Ghana out of the high risk to debt ration or not.
The Bank of Ghana (BoG) puts the cedi's year-to-date depreciation at around 1 percent.
The data also revealed that the amount of money outside the banking sector recorded a 22.3 percent growth compared to the 15 percent in the first quarter of 2016.
Credit to the private sector by banks was also increasing, for instance, the data showed that advances stood at GHS36 billion after a 15 percent annual growth.
The banking sector appeared to be in good position according to the data as total assets stood at GHS84 billion representing a 31 percent growth rate, deposits at GHS52.8 billion, while total advances have reached GHS36 billion as at March ending.
However, Non Performing Loans or loans that most banks fear might go bad, has gone up marginally compared to the first quarter of 2016.
Owusu Elizabeth Blessing 7 years ago
Oh my God! What is happening? Mismanagement and abused of power. The country is in debt because the money ended in some politicians, government appointees and top rank officials pockets where they used to build mansions and i ... read full comment
Oh my God! What is happening? Mismanagement and abused of power. The country is in debt because the money ended in some politicians, government appointees and top rank officials pockets where they used to build mansions and investments. Those who have been in power will go to IMF and World Bank and borrow in the name of development but unseen hands will loot the money for their selfish ambitions. If Ghana is a man l dont think he will get a wife, or the wife might have divorced him. Look at the age of Ghana, 61 years but the country can not boast of railways from the south to the north. Where is the developments? Where all these billions of Cedis went? l am asking our politicians from Raw-lings era to now? Is a shame to our dignity. Corruption and Abuse of power in the country has ended the nation in to such debt. Ghana debt is too much. The present government must do something about it. No more to borrow for the invisible hands to share. Corruption and Abuse of Power must be checked well in Police service, Seaports and Airports, Ghana Education, all the ministries whether private sector or public sector. Government must come out with a strategy to arrest and probe corrupt and abuse of power officials. This is one way to reduce the country debt. Thank you
BRYT 7 years ago
what NDC LEFT US , CRIMINAL PEOPLE PARTY, NDC
what NDC LEFT US , CRIMINAL PEOPLE PARTY, NDC
OBREMPON N.Y USA 7 years ago
Did president Mahama and his team
understand what they did ? SO SORRY,
they do not feel sorry and remorse for
the harm done to Ghana.
Did president Mahama and his team
understand what they did ? SO SORRY,
they do not feel sorry and remorse for
the harm done to Ghana.
God is good 7 years ago
every country owes. so what. if is used well i support. for the poor not to suffer.
every country owes. so what. if is used well i support. for the poor not to suffer.
Where is the touted Economic Wizard, Bawumia? Ghc7bn in 5 months? Averagely, it is even more than Ghc1bn, one month.
And the untrusted Ghanaian press is quiet. More to come.
My brother use your brain. What do you want Vice to do now as we speak? Let these platform fills with those who can contribute sensibly and stop making unpersuasive contributions. Sad!
The 2.5 bn USD alone is more than 10bn cedis. Where did they get the 7 bn from. Npp has come with their deceptive figure again
It's all a propaganda. You cannot wear the hart as you taught. Do surround your self with all Akufo and continue to bullshit Ghana people
The debt stock has risen by GHc7 bilion but the debt- GDP ratio has decreased from 72% to 63.7% within the same 5 months period. That is splendid. Inflation has also reduced and exchange rate has been stabilized. This is what ...
read full comment
Come again on the exchange rate please. Where on earth did the exchange rate stabilised?We pray it does but for now it hasn't.
Thank you.
It's all semantics with figures? Bottom line is we owe more than before. Again, looking deeper, where and what is exactly makes for the increase in growth that has resulted in ratio coming down.
1ST quarter 2017 Ghana exported $4924.4bn and Imported $3778.5bn balance of plus $1145.9bn.62.5% of ghc127bn gives you a gdp ghc 203bn current.in dollar terms is ghc203bn/GHC4.25=$47bn.Source www.bog.gov.gh and click New Econ ...
read full comment
Write your figures well. Even that alone disqualifies you from the analysis you are doing. We have often had a negative net import and that is one of our struggles in Ghana and the developing world as a whole.
It's not my analysis,it's what is on bank of Ghana website
Your better days is not tomorrow us you expect but is just on your on hands Nana red powers spritual center makes it so easy and you will never regret in your life, I help people in the following (1) instant money (2) I help ...
read full comment
Starrfm please check ur facts. The public debt is 62.5% of gdp in march. And was 127 bn cedis.....stop the mischief
We need economic reports with détails.You can't just talk about GDP without mentioning the adequate figures.
In the last quater of 2016,the GDP stood at 3.5% with bright prospects of improvement into 2017,so where are we no ...
read full comment
Prez Akufo-Addo could double debt stock from GC122 billion to Gc250bn in his first term, if he could justify his promises with his army of 110 ministers.
Nothing is wrong with increasing the debt stock so long as Ghana can ...
read full comment
Latest economic and financial data released by the Central Bank puts the country's debt stock at GHS127 billion at the end of March this year.
After it met on Friday to review the health of the economy, the data showed that ...
read full comment
Oh my God! What is happening? Mismanagement and abused of power. The country is in debt because the money ended in some politicians, government appointees and top rank officials pockets where they used to build mansions and i ...
read full comment
what NDC LEFT US , CRIMINAL PEOPLE PARTY, NDC
Did president Mahama and his team
understand what they did ? SO SORRY,
they do not feel sorry and remorse for
the harm done to Ghana.
every country owes. so what. if is used well i support. for the poor not to suffer.