Support gov’t to put economy on track – NDC guru

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cha 11 years ago

These NDC jokers have no shame

These NDC jokers have no shame
PRINCE KWASI ADADE (OFIE) 11 years ago

GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTA ...
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GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTABLE. NDC HAS OVER THE PAST 5 YEARS PRESIDED OVER THE BIGGEST RESOURCES IN OUR HISTORY INCLUDING CRUDE OIL & STEALTH TAXES. THEY HAVE ALSO CONTRACTED THE BIGGEST LOANS IN OUR HISTORY. IF THEY HAVE NOTHING TO SHOW FOR THIS AND THE ECONOMY IS IN SHAMBLES, THEN,THEY MUST BE PROSECUTED. THEY MUST GIVE THE MONEYS BACK TO THE TREASURY. WE DO NOT NEED ANY ECONOMIC FORUM. SET UP A COURT IMMEDIATELY. IT HAPPENED IN THAILAND RECENTLY, PRIME MINISTER YINGLUCK SHINAWATRA WAS REMOVED BY THE CONSTITUTIONAL COURT FOR ABUSING POWER. LOOK AT GHANA;-- EMBRAER PLANE SCANDAL, STX KOREA,NDC US$20 MILLION PARTY HQ., US$4 MILLION DODGY JUDGEMENT DEBT TO MRS RAWLINGS AND HER COMPANY, SUBAH, GYEEDA, WOYOMI, ISOFOTON, WATERVILLE, AFRICA AUTOMOBILE, CP, SADA, FORTIZ/MERCHANT BANK,FREE EXPENSIVE CARS FOR CHIEFS, AKONFEM AND A HOST OF OTHER DODGY JUDGEMENT DEBT PAYMENTS. BUYING VOTES WITH CASH, LAND CRUISERS & LAPTOPS JUST TO WIN ELECTIONS. WHY NDC?????? WHY??? OUR SUPREME COURT COULD NOT HELP BUT DESCRIBED IT AS "ALLIANCE TO CREATE, LOOT AND SHARE" WHAT A SHAME? ?? AND YOU CALLING GHANAIANS TO A WASTEFUL ECONOMIC FORUM. NDC, THE MONEY IS WITH YOU, GIVE IT BACK TO GHANA. NPP, I SALUTE YOUR COURAGE FOR NOT ATTENDING. NPP REMAIN SMART AND VIGILANT!!!!!
Anonymous Coward 11 years ago

This guy is asking us to support thieves.

This guy is asking us to support thieves.
Oba Nyansani Baako Pe In Ghana! 11 years ago

My friend if you don't have anything to say please leave us to suffer under NDC government. Okay?

My friend if you don't have anything to say please leave us to suffer under NDC government. Okay?
Papa Yaw. 11 years ago

N

N
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ADMISSION INTO SHS 1, 2 AND
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Pelicles 11 years ago

I am not an NDC supporter but try to kick that Nigerian out of the Regional Chairmanship. He is an insult to all Ga people. Why do you Ga people give such a sensitive position to a stupid Nigerian?

I am not an NDC supporter but try to kick that Nigerian out of the Regional Chairmanship. He is an insult to all Ga people. Why do you Ga people give such a sensitive position to a stupid Nigerian?
NAN 11 years ago

TELL ME WHAT DO YOU WANT US TO DO TO HELP THE GOVERNMENT.

TELL ME WHAT DO YOU WANT US TO DO TO HELP THE GOVERNMENT.
WARD GDX - WE THE PEOPLE 11 years ago

Your p/ndc folks' incompetence and massive corruption are responsible for
ruining Ghana's economy.

P/NDC is incapable of managing a hen coop

Your p/ndc folks' incompetence and massive corruption are responsible for
ruining Ghana's economy.

P/NDC is incapable of managing a hen coop
Gyawu Mensah Bonsu 11 years ago

Liars, Professional Liars. Why is that these rogues do not want to tell the truth to their fellow men at all? Politics are all punishable by GOD Tackie Kommei go ahead cheap man.

Liars, Professional Liars. Why is that these rogues do not want to tell the truth to their fellow men at all? Politics are all punishable by GOD Tackie Kommei go ahead cheap man.

The Trucker 11 years ago

op Ten Reasons to Oppose the IMF

from Global Exchange

WHAT IS THE IMF?

The International Monetary Fund and the World Bank were created in 1994, shortly before the end of World War II, at a conference in Bretton Woods ...
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op Ten Reasons to Oppose the IMF

from Global Exchange

WHAT IS THE IMF?

The International Monetary Fund and the World Bank were created in 1994, shortly before the end of World War II, at a conference in Bretton Woods, New Hampshire. Both institutions are now based in Washington, DC. The IMF was designed to promote international economic cooperation and provide its member countries with short term loans in order to trade with other countries (achieve balance of payments). During the 1980's, the IMF took on an expanded role of lending money to "bailout" countries during financial crisis. This gave the IMF leverage to begin designing economic policies for over 60 countries. Countries have to follow these policies to get the IMF's "seal of approval" to get loans, international assistance, and even debt relief. Thus, the IMF has enormous influence not only in structuring the global economy, but also on real-life issues such as poverty, environmental sustainability and development. The IMF is one of the most powerful institutions on Earth--yet few know what it is. 1) The IMF has created a system of modern day colonialism that SAPs the poor to fatten the rich

The IMF, along with the WTO and the World Bank, is directing the global economy on a path of greater inequality and environmental destruction. The IMF's and World Bank's "structural adjustment policies" (SAPs) ensure debt repayment by requiring countries to cut spending on education and health; eliminate basic foods and transportation subsidies; devalue national currencies to make exports cheaper; privatize national assets; and freeze wages. These policies increase poverty, reduce countries' ability to develop strong domestic economies and allow multinational corporations to exploit workers and pollute the environment.

2) The IMF caters to wealthy countries and Wall Street

Although industrialized countries have not borrowed from the IMF in twenty years, rich countries dominate decision making. Voting power is determined by the amount of money that each country pays. The U.S. is the largest shareholder with a quota of 18%. U.S., Germany, Japan, France and Great Britain together hold about 38% of the vote. Each of these countries appoints their own representative to the executive board, while other groups of countries elect a representative. The U.S. Executive Director is Karin Lissakers, and she works closely with Lawrence Summers and the U.S. Treasury Department to design policy for the IMF. The disproportional amount of power held by wealthy countries translates into decisions that benefit wealthy bankers, investors and corporations from industrialized countries at the expense of sustainable development. Is it a surprise that the IMF then uses its leverage over cash-strapped developing countries to force them to open up to powerful transnational corporations?

3) The IMF is imposing a fundamentally flawed development model

Unlike the path followed by most industrialized countries, the IMF forces countries from the Global South to prioritize export production over the development of a diversified domestic economy. Nearly 80% of all malnourished children in the developing world live in countries where farmers have been forced to shift from food production for local consumption to the production of crops for export to the industrialized countries. The IMF also requires countries to eliminate tariffs and provide incentives for multinational corporations - such as reduced labor and environmental protections. Small businesses and farmers can't compete with large multinational corporations, resulting in sweatshop conditions where workers are paid starvation wages, live in inhumane conditions, and are unable to provide for their families. The cycle of poverty is perpetuated, not eliminated.

4) The IMF is a secretive institution with no accountability

The IMF is funded with taxpayer money, yet it operates from behind a veil of secrecy. For the most part, members of affected communities do not participate in designing loan packages. The IMF works with a select group of central bankers and finance ministry staff to decide polices without input from other government agencies such as health, education and environment departments. Furthermore, the IMF has resisted attempts to open up to public scrutiny and independent evaluation. The IMF has made elites from the Global South more accountable to First World elites than their own people.

5) IMF policies promote corporate welfare

To increase exports, countries are encouraged to give tax breaks and subsidies to export industries. Assets such as forestland and government utilities (phone, water and electricity companies) are sold off to foreign investors at rock bottom prices. Some examples: In Guyana, an Asian owned timber company called Barama received a logging concession that was 1.5 times the total amount of land all the indigenous communities were granted. Barama also received a five-year tax holiday. The IMF forced Haiti to open its market to imported, highly subsidized U.S. rice at the same time it prohibited Haiti from subsidizing its own farmers. A US corporation called Early Rice now sells nearly 50% of the rice consumed in Haiti. Haitian farmers have been forced off their land to seek work in sweatshops, and people are poorer than ever.

6) The IMF hurts workers

Many SAPs require changes in labor laws, such as eliminating collective bargaining laws and lowering wages in order to provide conditions favorable to attracting foreign investors. The IMF's mantra of "labor flexibility" permits corporations to fire at whim and move where wages are cheapest. According to the 1995 UN Trade and Development Report, employers are using this extra "flexibility" in labor laws to shed workers, rather than create jobs. In Haiti, the government was told to eliminate a statute in their labor code that mandated increases in the minimum wage when inflation exceeded 10%. By the end of 1997, Haiti's minimum wage was only $2.40 a day, just one-fifth of the minimum wage in 1971 in real terms. Workers in the U.S. are also hurt by IMF policies by having to compete with cheap, exploited labor. Two years ago, the IMF's mismanagement of the Asian financial crisis plunged South Korea, Indonesia, Thailand and other countries into deep depression that led to the creation of 200 million "newly poor." The IMF advised countries to "export their way out of the crisis." Consequently, the dumping of Asian steel in U.S. markets resulted in the layoffs of over 12,000 steelworkers.

7) The IMF's policies hurt women the most

SAPs make it much more difficult for women to meet their families' basic needs. When education costs rise due to user fees, girls are the first to be withdrawn from schools. User fees in public health facilities make it unaffordable to those who need it most. The shift to export agriculture also makes feeding one's family increasingly difficult. Women have also become more exploited in the private sector workforce as regulations are rolled back and sweatshops abound. The general lack of economic opportunity has meant an increase in prostitution and other black market jobs and indentured servitude.

8) IMF Policies hurt the environment

IMF loans and bailout packages are paving the way for natural resource exploitation on a staggering scale. The IMF does not consider environmental impacts of lending policies; and environmental ministries and groups are not included in policy making. The focus on export growth to earn hard currency to pay back loans means unsustainable liquidation of natural resources. Government cutbacks inevitably target the environmental ministry as one of the first agencies to come under the budget axe. This happened with the bailouts of Brazil, Indonesia, and Russia--countries that are renowned for their great biodiversity.

9) The IMF bails out rich bankers, creating a moral hazard and greater instability in the global economy

The IMF pushes countries to dismantle trade and investment rules, as well as raise interest rates in order to lower inflation. The removal of regulations that might limit speculation has greatly increased capital investment in developing country financial markets. More than $1.5 trillion crosses borders every day. This capital is short-term, unstable, and puts countries at the whim of financial speculators. The Mexican 1995 peso crisis was partly a result of these IMF policies. When the bubble popped, the IMF and US government stepped in to prop up interest and exchange rates, using taxpayer money to bailout Wall Street bankers for their high-risk investment. This encourages investors to continue making risky, speculative bets, increasing the instability of national economies. Furthermore, during the bailout of Asian countries, the IMF restored rich people's profits while implementing policies that threw people out of work and increased poverty. Asian governments were required to assume the bad debts of private banks, thus making the public pay the costs and draining yet more resources away from social programs and real development.

10) IMF bailouts deepen, rather then solve, economic crisis

During financial crises, such as with Mexico in 1995 and South Korea, Indonesia, Thailand, Brazil, and Russia in 1997, the IMF stepped in as the lender of last resort to "bail out" countries with huge loan packages. Yet the IMF bailouts in the Asian financial crisis did not stop the financial panic--instead, the crisis deepened and spread to more countries. The policies imposed as conditions of these loans were bad medicine, causing layoffs in the short run and undermining development in the long run. In South Korea, the IMF sparked a recession by raising interest rates and lowering the currency, resulting in more bankruptcies, increased unemployment, and government spending cuts. Under the IMF-imposed economic reforms after the peso bailout in 1995, the number of Mexicans living in extreme poverty increased more than 50% and the national average minimum wage fell 20%.
Akomadan Adjei Nkansah Belgium 11 years ago

CRIMINALS ITS TIME TO BRING ALL THE MONEY BACK,TO BUILD OUR NATION,KWASEA MAHAMA SISD HE CHOP ALL GHANA MONEY AND BONES,NOW WHO HAVE TO SUPPORT CORRUPT MAHAMA??? TWEAAAAAAAA NKWASEASEM,TALKING NONSES,FOOOOOOOOOLS

CRIMINALS ITS TIME TO BRING ALL THE MONEY BACK,TO BUILD OUR NATION,KWASEA MAHAMA SISD HE CHOP ALL GHANA MONEY AND BONES,NOW WHO HAVE TO SUPPORT CORRUPT MAHAMA??? TWEAAAAAAAA NKWASEASEM,TALKING NONSES,FOOOOOOOOOLS
JOE . ( UK 11 years ago

COLLECT WAYOME'S CASH PERIOD.DONT TELL GHANAIANS TO HOLD THEIR COOL RUBBISH

COLLECT WAYOME'S CASH PERIOD.DONT TELL GHANAIANS TO HOLD THEIR COOL RUBBISH
me 11 years ago

Support? How? When you are stealing left, right, north, south, east and west. Did you see Hannah Bitchew's birthday?

Support? How? When you are stealing left, right, north, south, east and west. Did you see Hannah Bitchew's birthday?
HAMAHA 11 years ago

Nonesense.when did this stupid man learn about having patience for government in power.Has he forgotten the fire CJA poured on Kufour?.was he in the country by then?.NPP IS going to match them boot for boot.Incompetent govern ...
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Nonesense.when did this stupid man learn about having patience for government in power.Has he forgotten the fire CJA poured on Kufour?.was he in the country by then?.NPP IS going to match them boot for boot.Incompetent government.
WE NEED TO CHANGE 11 years ago

AFTER ELECTION....POLITICS MUST BE SUSPENDED...SO THE WINNER CAN GOVERN...WHAT IS HAPPENING

AFTER ELECTION....POLITICS MUST BE SUSPENDED...SO THE WINNER CAN GOVERN...WHAT IS HAPPENING
Arya Samana 11 years ago

The economy should not have derailed in the first place.Not quite long ago the cedi to sterling was over three. Within two weeks, this went to over four. The government sat on its hands and continue watching the slide down li ...
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The economy should not have derailed in the first place.Not quite long ago the cedi to sterling was over three. Within two weeks, this went to over four. The government sat on its hands and continue watching the slide down like it was a footbal match: doing nothing to hald the downward slide. Being in Africa then, I was amazed at comments politicians were making about the slide and without looking at fact. Politicians should stop listening to US and UK 'economists' on homegrown matters. This is plain stulidity.
2PAC BOY 11 years ago

Mr Tackie Komme joined the party of thieves on its inception in 1992.

Mr Tackie Komme joined the party of thieves on its inception in 1992.
PHILIP DUSTIN 11 years ago

ndc propagandist claim the country is not in crises and that its only facing crises,so if you won't admit that you have a problem,why do you need support to fix it,you are all a confused bunch of thieves,but wait till the NPP ...
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ndc propagandist claim the country is not in crises and that its only facing crises,so if you won't admit that you have a problem,why do you need support to fix it,you are all a confused bunch of thieves,but wait till the NPP comes to power,we shall sort you guys out.
MUMU VOTERS 11 years ago

Stop gov't from misuse money

Stop gov't from misuse money

MUMU VOTERS 11 years ago

Land cruiser for chiefs

Land cruiser for chiefs

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Support gov’t to put economy on track – NDC guru

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