$19bn loan: Ghana is in a 'joint venture business' with China - Gideon Boako

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Abronoma 8 years ago

Really? Sounds pretty juvenile - they must really love you!

Really? Sounds pretty juvenile - they must really love you!
Akosua 8 years ago

I thought NPP said Ghana was borrowing too much and quoted debt to GDP ratio and made so much noise and said money to dev is in Ghana but they will stop corruption and use that cash to dev Ghana. Here we are and NPP is borrow ...
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I thought NPP said Ghana was borrowing too much and quoted debt to GDP ratio and made so much noise and said money to dev is in Ghana but they will stop corruption and use that cash to dev Ghana. Here we are and NPP is borrowing at a faster rate. NPP can lie too much. NPP is too deceitful
AGOLOSHI 8 years ago

Herrr stop the propaganda and read.

Herrr stop the propaganda and read.
Kwes 8 years ago

I am surprise Dr Bawumia is shaking hands over further borrowing after shouting on top if the roof that NDC was borrowing too much and it was hurting the econ. Hopping from sch to sch and crying. All was deceit and pure lies. ...
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I am surprise Dr Bawumia is shaking hands over further borrowing after shouting on top if the roof that NDC was borrowing too much and it was hurting the econ. Hopping from sch to sch and crying. All was deceit and pure lies. Pure envy. JJ can't see this. Leadership is about credibility, integrity, honesty and capability. I can't see any in NPP.
insight to the bone 8 years ago

NDC lost the elections because most Akans and patriotic citizens realized this party does not appreciate or reflect the true interests of the people but rather its a mafia criminal organization that will cause the eventual bl ...
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NDC lost the elections because most Akans and patriotic citizens realized this party does not appreciate or reflect the true interests of the people but rather its a mafia criminal organization that will cause the eventual bloodshed among our people. After the death /murder of Mills NDC lost all its appeal and there was no hope it would ever get back on the right track to serve the interests of the people.NDC is a disappointment and will end up on the landfill of rubbish organizations . NPP from the looks of things will most likely also be joining them soon and in their place the AKAN freedom movement will rise. Anytime an Akan actually does something good or worthy for the nation some pepeni , ayigbe , Muslim or some other minority comes and destroys everything dead, that is the fact. 58% of our bauxite was handed over as a step to colonize the wealth of the Akan , were in the world would a minority be given such privileges if it was not to undermine the majority. All natural resources should be nationalized including gold , then properly developed as sustainable businesses then privatized through a coupon system so all citizens become direct owners . We are definitely a nation of idiotic fools , i have for a while decided to hold my peace because it seemed we have a sensible finance minister making the right moves but this toxic pepeni kwasiapanyin Bawumia has erased all good. Atta Mills went to bed with this Satan and it cost him his life together with 200,000 hardened criminals they sent here that have poisoned our water bodies and long term devastated our economy. China has ignored over a billion of their citizens in dire need of the entering into the post industrial era and come here and promise WHAT? I said that this Bawumia is the reincarnation of the devil and evil that air brained Nana has put in his office. He continues with his project of the islamisation of Ghana with the establishment of an Islamic university to breed toxic propagators of evil in our land. He blocks all Akan diaspora private capital in the tens of billions because its from primarily Christian countries. Where in the world has China given capital , technology and industry for another country to develop? The only reason why this is on the table is to make Ghana a suspicious ally at best to our western civilizations and other christian countries . We saw an influx of Islamic money which we don't need yet everyone played dumb because the political oligarchy is playing ball with the Muslim caliphate and soon our stubborn Christians will start seeing their children's throats being turned toward Mecca like goats and slashed . My brothers arm yourselves like our friends in Denkyira but wait for the clarion call to wipe out this cancer amongst us. Enough is enough
#noname 8 years ago

NDC nation wreckers, just sit quietly and let wise people stear the affairs of the country. AFRC/PNDC/NDC ruled the country for 29 years. What did we derive from those wasted years? Create, loot and share. NDC bastards!!! ND ...
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NDC nation wreckers, just sit quietly and let wise people stear the affairs of the country. AFRC/PNDC/NDC ruled the country for 29 years. What did we derive from those wasted years? Create, loot and share. NDC bastards!!! NDC so scared to its core because if NPP succeed it will be just like CPP. Both NDC & CPP will NEVER EVER rule Ghana again.
Shipah 8 years ago

Ndc got no better connections and they cannot negotiate with their brains....this is how to draw up proposals n make business.. .dumb ass people...sit n let the elephant show u how to do it

Ndc got no better connections and they cannot negotiate with their brains....this is how to draw up proposals n make business.. .dumb ass people...sit n let the elephant show u how to do it
Akosua 8 years ago

Shipah cant you see that you cant comment confidently in support of NPP? NPP are not honest. There are not straight. They fail all the test of credibility. NPP told Ghanaians they will find internally generated cash by stoppi ...
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Shipah cant you see that you cant comment confidently in support of NPP? NPP are not honest. There are not straight. They fail all the test of credibility. NPP told Ghanaians they will find internally generated cash by stopping corruption because debt to GDP ratio will kill Ghana instantly. Liars. Here they are borrowing and shaking hands over it without shame. The without shame part is what is so insulting to us Ghanaians. Looking us straight in the eyes and telling us we are gullible. Its an insult to all Ghanaians.
Yaw 8 years ago

This dr. thinks is the paragon of knowledge. What is joint venture? A venture in which one country gains more than the other as that is the case in chinese deal and you want us to believe you? why won't this dr. call it a loa ...
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This dr. thinks is the paragon of knowledge. What is joint venture? A venture in which one country gains more than the other as that is the case in chinese deal and you want us to believe you? why won't this dr. call it a loan or bond?
BOY KOFI 8 years ago

What is the difference between leverage,mortgage,guarantee or collateral?
These are all the same basic conditions demanded by banks,lenders or creditors before borrowing you money.From Bawumia's own mouth,Ghana govt has used ...
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What is the difference between leverage,mortgage,guarantee or collateral?
These are all the same basic conditions demanded by banks,lenders or creditors before borrowing you money.From Bawumia's own mouth,Ghana govt has used its natural resources to secure loan from China and the interest rate will be in single digit.The money will be given to some selected commercial banks.Let me tell this guy that we don't need a loan from China to build a bauxite factory,we already have Valco sitting idle in Tema.The same NPP govt bought all the shares of foreigners in Valco for $700 million during Kuffour's era.What is Valco doing now with our bauxite?Are we getting any profit from Valco?Bawumia went to China for a loan including the remining $2 billion of the CDB.Let me tell you how Kwame Nkrumah went for loan in America to build Akosombo Dam in the 60s.Despite that Americans and the World Bank gave us money to do the project,we also contributed cash,some percentage anyway.
That's what you call partnership.Nkrumah didn't sit down and fold his arms for Americans to finance all the project.Ofcourse we paid back the loan,it was never free.So please stop telling us that we are not going to pay anything.What do you take the Chinese for?Even Valco that was a private American venture,the Ghanaian govt contributed cash to get some shares.Now let's come to our oïl.Cosmos and Tullow are the big shareholders.Despite that the oïl is found in our seas the govt still contributed some cash in a form of partnership.You cannot share profit with any private entrepreneur when you have not invested in your own mineral resources.You can only get some loyalties but not shared profit as this crooked guy is saying.We have many examples in this country where govt has made joint ventures with foreigners so you can't come and fool us.The Komenda Sugar Factory is another example where Ghana govt participated in financing the project with some Indian private entrepreneurs.Afterall,you guys went to meet the Chinese govt so you think they will come and give you $19 billion and share profit with you just like that?We are waiting for details.This Chinese $19 billion deal smells of crooked edges so please stop this rubbish about joint venture and present the MOU to parliament.Thank you.

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Kwame Donkor 8 years ago

Akosua, it is pathetic that you cannot understand simple English. Is a joint venture business deal a loan?

Akosua, it is pathetic that you cannot understand simple English. Is a joint venture business deal a loan?
Akosua 8 years ago

Read the obligations and responsibilities of Ghana and you will appreciate it better

Read the obligations and responsibilities of Ghana and you will appreciate it better
Akora 8 years ago

Your reasoning is pathetic

Your reasoning is pathetic
Kofi Thompson 8 years ago

Some joint-venture. The Godwin Boakos of our country must be very careful when addressing such issues.

The NPP was elected to govern Ghhana because a majority of voters wanted better leadership for their nation. Full stop. ...
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Some joint-venture. The Godwin Boakos of our country must be very careful when addressing such issues.

The NPP was elected to govern Ghhana because a majority of voters wanted better leadership for their nation. Full stop.

For the infornation of the Godwin Boakos in our midst, Thailand earned US$71 billion from 31 million visitors in 2016. Food for thought.

If we preserve the Atewa Range, we can use it to anchor an ecotourism industry centred on the proposed Atewa National Park, which will create wealth that stays in Ghana and jobs galore for Akyem Abuakwa's younger generations.

A far better deal, would have been to grant rights to Chinese investors to do joint-venture deals with Ghanaian entrepreneurs to self-finance (with borrowed money from state-owned Chinese banks) the building of infrastructure, such as railway lines from Accra to all the regional capitals, which they will own and operate for 25-30 years - in exchange for not paying any taxes on their profits during that period.

Will that not create a modern railway network for the nation without government lumbering Ghanaian taxpayers with yet more debt (and it is debt no matter how it is dressed up as) that will destroy the future of our younger generations?

Ditto provide other modern infrastructure for Mother Ghana - without mortgaging our future in such crass fashion: which the nonsensical notion of tearing down the Atewa Range to mine poor quality bauxite represents? Ebeeii.

We expect better thinking from our nation's new leaders - they must never forget that. Ever. Haaba.

Okyenman - yen enma ensei da!
Anagogbemi 8 years ago

This is simply not true,this loan will never materialize,it is a smokescreen.In this tough global economic conditions,it is a beggars believe that China will fork out this amount over a cup of tea.Ghanaians must wake up,Bawum ...
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This is simply not true,this loan will never materialize,it is a smokescreen.In this tough global economic conditions,it is a beggars believe that China will fork out this amount over a cup of tea.Ghanaians must wake up,Bawumia is a con artist.
Kofi Antubam 8 years ago

I am now beginning to understand why Nkrumah jailed these reactionary, arrogant guys from the Dankwa tradition who do not even believe in their countrymen. Just listen to them talk: We Ghanaians are all fools whenever we do n ...
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I am now beginning to understand why Nkrumah jailed these reactionary, arrogant guys from the Dankwa tradition who do not even believe in their countrymen. Just listen to them talk: We Ghanaians are all fools whenever we do not agree with their policies. I hope we are learning our lessons.
Asiedu patawutu holly 8 years ago

A black man always try to demonstrate their stupidity arrogance etc ..stop the noise and use the money for proper things... but don't cripple the country before you leave office... the whole world will know Ghana has a dollar ...
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A black man always try to demonstrate their stupidity arrogance etc ..stop the noise and use the money for proper things... but don't cripple the country before you leave office... the whole world will know Ghana has a dollar loan..what unresenable Afr**** twuaaaa
Bermuda 8 years ago

I still don't understand Ghana government like loan from, Ghana and not Japan. The are real and faithful the then Chinese. they don't have human rights. the hole world know. what happen in Angola Chinese loan.
They will give ...
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I still don't understand Ghana government like loan from, Ghana and not Japan. The are real and faithful the then Chinese. they don't have human rights. the hole world know. what happen in Angola Chinese loan.
They will give you and out of the loan they will use their own manpower not people of Ghana. the trick behind it is half of the load go back to their country. Is Ghana an Independent Country. Please Mr, President don't let the Chinese Butterfly bring us financial difficulties. They will steal our mineral resources. the same group destroying our environments through Galamsey. same you going to gave the Ghana bauxite they will steal from us.
Which Country did Dr, sign contract with and who build the valco aluminium company. I'm NPP member wake folks.
Look back how Nkrumah did, Ghanaians like to have freedom like Nkrumah said forward ever backward never. make a good deal with Japan or Norway
No fake Chinese prison workers in Ghana Please.one district one factory not with China you will regret they will kill us.
Bermuda 8 years ago

If you want to build better Ghana look for quality investments country and fake product, ask about Europe community how they deal with china product they test 10 times before acceptance. no 10% in your own account the truth w ...
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If you want to build better Ghana look for quality investments country and fake product, ask about Europe community how they deal with china product they test 10 times before acceptance. no 10% in your own account the truth will come out.

KOJO 8 years ago

U told us loans are bad.NDC 8 yes 46 billion USD.NPP5 months 25b USD.competence indeed.

U told us loans are bad.NDC 8 yes 46 billion USD.NPP5 months 25b USD.competence indeed.
Yaa Nyamekye 8 years ago

Stupid leaders will sell our lands rivers and country just to make themselves and their families rich. We are suffering but they will sell our country to be rich. Curse be upon all the leaders who sold us to Chinese! Amen

Stupid leaders will sell our lands rivers and country just to make themselves and their families rich. We are suffering but they will sell our country to be rich. Curse be upon all the leaders who sold us to Chinese! Amen
KWESI YANKSON 8 years ago

oh Dr mumu borrowmea stop borrowing money and learn from pr. mills and fmr president mahama aboooowa

oh Dr mumu borrowmea stop borrowing money and learn from pr. mills and fmr president mahama aboooowa
Akora 8 years ago

What joint venture?
What sharing of profits?

What joint venture?
What sharing of profits?
Baba 8 years ago

Ghana will soon be sold to the highest bidder and we sit here applauding the plunder. Pity

Ghana will soon be sold to the highest bidder and we sit here applauding the plunder. Pity
Emperor 8 years ago

Kibi Mafia and the Bantama Gang to fill their pockets with Galamsey-inspired Chinese giveaway billions of dollars.

Kibi Mafia and the Bantama Gang to fill their pockets with Galamsey-inspired Chinese giveaway billions of dollars.

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$19bn loan: Ghana is in a 'joint venture business' with China - Gideon Boako

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