DR BAWUMIA THE PROPHET ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, there ... read full comment
DR BAWUMIA THE PROPHET ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, there is the issue of prudence in the management of Ghana’s resources. How do you go and borrow money for 10.75% (US dollar) and give it to someone to lend it to you at over 20% (GHC)? In effect you are paying over 30%! Assuming stable exchange rates, Ghana will be paying additional interest of at least $50 million a year on this transaction. It really is reckless. The government is claiming that the funds were “idle”. Really? What does that mean? Why do you borrow funds and pay interest on it if you do not have use for them at the moment? It is clear that the GIIF does not have a portfolio of projects ready to invest in and it is weird to allocate a whopping sum of $250 million to them at this time. Is the Minister aware that the country owes N-Gas some $100 million? What about other contractors who are owed money by the government? How can you owe so much, have so much to do and yet claim to have “idle” borrowed funds? The allocation of such an amount to a private bank also has major macroeconomic consequences for a relatively small economy like Ghana. It increases the deposits of the banking system and ultimately the money supply. It has inflationary and exchange rate depreciation consequences and would make it more difficult for the government to meet its inflation target. I am surprised that the government is oblivious of these consequences. The Funds should stay at the Bank of Ghana. After all the Bank of Ghana, on its own or through its external fund managers of the caliber of internationally reputable banks like UBS, JP Morgan, Citibank, Merrill Lynch etc. can undertake whatever investment of the country’s foreign exchange that the government would like it to undertake
Frank Agyena-Karikari 8 years ago
Sorry he is dead. May his soul rest in peace. Anyway, I thought someone posted that it is only NPP and other party executives who die. Never poke fun at the dead because yours is on the way.
Sorry he is dead. May his soul rest in peace. Anyway, I thought someone posted that it is only NPP and other party executives who die. Never poke fun at the dead because yours is on the way.
OKOMFO ANOKYE 8 years ago
GOD IS AT WORK
GOD IS AT WORK
Asimah Fatao 8 years ago
Anokye do u no wherether u are the next to die? pray for life not for people to die
Anokye do u no wherether u are the next to die? pray for life not for people to die
AMUZU BRIGHT 8 years ago
wait for yours tomorrow 6pm u will join him god ???? punish you fool.
wait for yours tomorrow 6pm u will join him god ???? punish you fool.
Cool observer 8 years ago
I have a feeling that his failure to seek early medical attention was simply because he couldn't afford it. We're back to cash and carry.NHIS only exists in name.
I have a feeling that his failure to seek early medical attention was simply because he couldn't afford it. We're back to cash and carry.NHIS only exists in name.
teneboah kodua 8 years ago
Whatat all was this ndc infilterate doing at suhum.MOST OF THESE SO CALLED NDC LEADERS IN THE EASTERN REGION ARE INFILTERATED EWES
Whatat all was this ndc infilterate doing at suhum.MOST OF THESE SO CALLED NDC LEADERS IN THE EASTERN REGION ARE INFILTERATED EWES
Hanford 8 years ago
A good NDC member is a dead one. RIP good man.
A good NDC member is a dead one. RIP good man.
kum 8 years ago
NDC members, please listen to advice. Yentie obia leads to DEATH. Be wise all ye supporters of NDC
NDC members, please listen to advice. Yentie obia leads to DEATH. Be wise all ye supporters of NDC
Dan 7 years ago
God have mercy on you
God have mercy on you
Israel 8 years ago
He was one of the fools who skewed to register minors at the villages
He was one of the fools who skewed to register minors at the villages
AMUZU BRIGHT 8 years ago
her, has ur father achieve like this man beware ur dad will join him soon if u can bury him fool.
her, has ur father achieve like this man beware ur dad will join him soon if u can bury him fool.
tonaton 8 years ago
we thank God ndc have lost one vote.good one there
we thank God ndc have lost one vote.good one there
Tsooooooo 8 years ago
Delete his name from the register
Delete his name from the register
Achina 8 years ago
NDC arrogance. You don't care about dying.
NDC arrogance. You don't care about dying.
E. T. Mensah 8 years ago
This evil dude exchanged his life for GH200.00....very sad indeed!
This evil dude exchanged his life for GH200.00....very sad indeed!
AMUZU BRIGHT 8 years ago
oh curse be onto you ur father owe gh2.00 but was unable to pay, u talking about a man who lacked nothing
oh curse be onto you ur father owe gh2.00 but was unable to pay, u talking about a man who lacked nothing
Asimah Fatao 8 years ago
Rest in peace friend
Rest in peace friend
TOTO 8 years ago
GOD IS WORKING HARD. NEXT WILL BE MAHAMAH THE WOMANIZER. FUCKING THE MARRIED EC BOSS. SHE IS A KNOWN ASHAWO
GOD IS WORKING HARD. NEXT WILL BE MAHAMAH THE WOMANIZER. FUCKING THE MARRIED EC BOSS. SHE IS A KNOWN ASHAWO
Frimpo 8 years ago
You see your foolishness and your stupidity?Go and see Asiedu The Mosquito Nketia, Kwakye Ofosu with sharp teeth all eating Aponkye Nkrakra whiles you lied in the morgue. Next time follow ndc
You see your foolishness and your stupidity?Go and see Asiedu The Mosquito Nketia, Kwakye Ofosu with sharp teeth all eating Aponkye Nkrakra whiles you lied in the morgue. Next time follow ndc
Nana Addo no be Thief 8 years ago
RIP bro but I am just crying for your soul .
As an NDC member, can you make it to heaven?
RIP bro but I am just crying for your soul .
As an NDC member, can you make it to heaven?
CHIEF OF OGYAKROM 8 years ago
MAHAMA COULDN'T SAVE HIM?
MAHAMA COULDN'T SAVE HIM?
Bbb 8 years ago
RIP
RIP
JM 8 years ago
RIP one of the NDC faithful's die on duty for the party. NDc should look after the family .
RIP one of the NDC faithful's die on duty for the party. NDc should look after the family .
Nii Otu 8 years ago
What do you gain from showing the corpse on trolley being railed into the fridge? Typical of your irresponsible and unprofessional journalism. May His Soul Rest In Peace.
What do you gain from showing the corpse on trolley being railed into the fridge? Typical of your irresponsible and unprofessional journalism. May His Soul Rest In Peace.
maracuja 8 years ago
koogyan was good those who comment bad on him will dies soon same
rest in peace
koogyan was good those who comment bad on him will dies soon same
rest in peace
DR BAWUMIA THE PROPHET ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, there ...
read full comment
Sorry he is dead. May his soul rest in peace. Anyway, I thought someone posted that it is only NPP and other party executives who die. Never poke fun at the dead because yours is on the way.
GOD IS AT WORK
Anokye do u no wherether u are the next to die? pray for life not for people to die
wait for yours tomorrow 6pm u will join him god ???? punish you fool.
I have a feeling that his failure to seek early medical attention was simply because he couldn't afford it. We're back to cash and carry.NHIS only exists in name.
Whatat all was this ndc infilterate doing at suhum.MOST OF THESE SO CALLED NDC LEADERS IN THE EASTERN REGION ARE INFILTERATED EWES
A good NDC member is a dead one. RIP good man.
NDC members, please listen to advice. Yentie obia leads to DEATH. Be wise all ye supporters of NDC
God have mercy on you
He was one of the fools who skewed to register minors at the villages
her, has ur father achieve like this man beware ur dad will join him soon if u can bury him fool.
we thank God ndc have lost one vote.good one there
Delete his name from the register
NDC arrogance. You don't care about dying.
This evil dude exchanged his life for GH200.00....very sad indeed!
oh curse be onto you ur father owe gh2.00 but was unable to pay, u talking about a man who lacked nothing
Rest in peace friend
GOD IS WORKING HARD. NEXT WILL BE MAHAMAH THE WOMANIZER. FUCKING THE MARRIED EC BOSS. SHE IS A KNOWN ASHAWO
You see your foolishness and your stupidity?Go and see Asiedu The Mosquito Nketia, Kwakye Ofosu with sharp teeth all eating Aponkye Nkrakra whiles you lied in the morgue. Next time follow ndc
RIP bro but I am just crying for your soul .
As an NDC member, can you make it to heaven?
MAHAMA COULDN'T SAVE HIM?
RIP
RIP one of the NDC faithful's die on duty for the party. NDc should look after the family .
What do you gain from showing the corpse on trolley being railed into the fridge? Typical of your irresponsible and unprofessional journalism. May His Soul Rest In Peace.
koogyan was good those who comment bad on him will dies soon same
rest in peace