The economy is on an unsustainable path

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Kofi 11 years ago

Managing a national economy takes more than "special forces". Maybe, Tekpernomics will save Ghana. Propaganda does not build an economy.

Managing a national economy takes more than "special forces". Maybe, Tekpernomics will save Ghana. Propaganda does not build an economy.
anayomi 11 years ago

THAT IS VOODO ECONOMIC IS TAKING GHANA ON THE WRONG DIRECTION ON THE PATH OF DESTRUCTION OF OUR LOVLEHOOD
AND DESTRUCTION OF OUR ECONOMY

THAT IS VOODO ECONOMIC IS TAKING GHANA ON THE WRONG DIRECTION ON THE PATH OF DESTRUCTION OF OUR LOVLEHOOD
AND DESTRUCTION OF OUR ECONOMY
Kojo T 11 years ago

You signed into law a single spine wages structure. How was it going to be paid for.You then disseminated the manufaturing sector. Elsewhere we are told Ghana does not take advantage of agoa. Your is supposed to be property o ...
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You signed into law a single spine wages structure. How was it going to be paid for.You then disseminated the manufaturing sector. Elsewhere we are told Ghana does not take advantage of agoa. Your is supposed to be property ownership. It implies private entrepreuralship as you reject socialism. YOU Have failed so SHUT up and let the NDC do it for you . We import too much
asiedu nketia 11 years ago

These loud-mouthed never-do-well "greedy bastards" will mismanage the economy into HIPC until the NPP comes back to restore it to sanity. Meanwhile this stinking-mouthed Kwesi Pratt continues to spew out garbage and sees noth ...
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These loud-mouthed never-do-well "greedy bastards" will mismanage the economy into HIPC until the NPP comes back to restore it to sanity. Meanwhile this stinking-mouthed Kwesi Pratt continues to spew out garbage and sees nothing wrong anywhere
LEVI 11 years ago

Thanks DR.; I salute your academic prowess. That said, I am afraid this wonderful treatise will not be 'patronised' by Ghanaweb discuzzants--some of them do not have the needed reflective thinking skills to decipher the pith ...
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Thanks DR.; I salute your academic prowess. That said, I am afraid this wonderful treatise will not be 'patronised' by Ghanaweb discuzzants--some of them do not have the needed reflective thinking skills to decipher the pith of your elucidations. Well done anyway; my final question is do we need 'leadership or management in Ghana?
KOFI LAMPTEY 11 years ago

ANY COUNTRY WHICH LOOTS ONE BILLION DOLLARS THRO FAKE JDETBS IS BOUND TO FAIL EVENTUALLY.....GHANA IS DEAD UNDER THE NDC.....WE ARE SUFFERING THE CONSEQUENCES OF THE JDEBTS LOOT BY BETTYMOULD AND ATTAMILLS.

ANY COUNTRY WHICH LOOTS ONE BILLION DOLLARS THRO FAKE JDETBS IS BOUND TO FAIL EVENTUALLY.....GHANA IS DEAD UNDER THE NDC.....WE ARE SUFFERING THE CONSEQUENCES OF THE JDEBTS LOOT BY BETTYMOULD AND ATTAMILLS.
MARCUS AMPADU 11 years ago

Easy to criticize but nowhere was an attempt made to offer an alternative to the unsustainable path of the Mahama economy.

Following the trend of your argument, GDP, level of budget deficit, corporate taxes, oil hedging po ...
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Easy to criticize but nowhere was an attempt made to offer an alternative to the unsustainable path of the Mahama economy.

Following the trend of your argument, GDP, level of budget deficit, corporate taxes, oil hedging policy, the price of petroleum products, etc. your counterproposal argument
would have turned out to be equally unsustainable.

Mainly because the learned Doctor continued to use the Neo-Classical economic model of analyzing economic problem through the GDP, completely overlooking external costs
kwame dompreh 11 years ago

marcus i have been following your write-ups and the only conclusion i can draw is that you are a die-hard NDCoperative. i rest my case

marcus i have been following your write-ups and the only conclusion i can draw is that you are a die-hard NDCoperative. i rest my case
MARCUS AMPADU 11 years ago

You are wrong Mr. Dompreh. Prove your case before you rest it, my friend. If you've been following my write-ups carefully I do criticize all parties. For your information, I'm Independent.
Peace.

You are wrong Mr. Dompreh. Prove your case before you rest it, my friend. If you've been following my write-ups carefully I do criticize all parties. For your information, I'm Independent.
Peace.
mojingles 11 years ago

Even if one were to agree with Bawumia that the national economy is in a tailspin, where are his prescriptions to put the economy back on the right track? The NDC will be more than willing to absorb some of his proposals....c ...
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Even if one were to agree with Bawumia that the national economy is in a tailspin, where are his prescriptions to put the economy back on the right track? The NDC will be more than willing to absorb some of his proposals....criticizing is all good and dandy, but it will be nice to accompany that with some solutions. Trotting out numbers and statistics and analyzing a national economy without as much as casting your net wide afield just does not make a whole lot of economy sense....Ghana's economy performance is invariably affected by external factors, economic interconnectivity is now the norm, and what ails our economy may not necessarily be the incompetence of our bureaucrats...it may be due conditions beyond our national borders.....do you think of that?
KOO 11 years ago

It is quite sad that people like Bawumia are not given the chance to help improve our economy.Ghanaians are playing politics with their destiny.No one can hide the truth and any Ghanaian who could see the extravagance in spen ...
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It is quite sad that people like Bawumia are not given the chance to help improve our economy.Ghanaians are playing politics with their destiny.No one can hide the truth and any Ghanaian who could see the extravagance in spending by NDC knew that sooner or later we will get it back on our plates.Things are simply getting bad.
TIMEWILLTELL 11 years ago

I have seen both the NDC and the NPP in power and I have no confidence that either understands the problem or will take the essential but hard decisions to make a difference. Spare me your holier than thou treatise.

I have seen both the NDC and the NPP in power and I have no confidence that either understands the problem or will take the essential but hard decisions to make a difference. Spare me your holier than thou treatise.
Pebbles Nusetor 11 years ago

Well said, but you could have suggested some possible alternatives. Many in the propaganda business thinks that everything has to be toyed with. Because you are not there to loot, the people are running unsustainable econo ...
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Well said, but you could have suggested some possible alternatives. Many in the propaganda business thinks that everything has to be toyed with. Because you are not there to loot, the people are running unsustainable economy.
THINK 11 years ago

NDC NEVER LISTENS,NEVER LEARNS AND DOES NOT SOLVE PROBLEMS. YET THEY HAVE THE GUTS TO STEAL OUR MANDATE. EVIL FORCES OF GHANA POLITICS.

NDC NEVER LISTENS,NEVER LEARNS AND DOES NOT SOLVE PROBLEMS. YET THEY HAVE THE GUTS TO STEAL OUR MANDATE. EVIL FORCES OF GHANA POLITICS.
anayomi 11 years ago

GHANA ECONOMY AND IS TAKING GHANA BACKWARD ON THE WRONG DIRECTION

GHANA ECONOMY AND IS TAKING GHANA BACKWARD ON THE WRONG DIRECTION
Charles Yeboah, 11 years ago

IT IS OBVIOUS NDC IS NOT TAKING GOOD DECISIONS FOR GHANA, MEANWHILE WE ALL SEE IT AND FEEL IT. UNTIL THEY STOP PAYING DUBIOUS JUDGEMENT DEBTS, THE HARDSHIP THEY HAVE BROUGHT TO ORDINARY GHANAIAN WILL EVEN BE RAMPANT. WHY ARE ...
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IT IS OBVIOUS NDC IS NOT TAKING GOOD DECISIONS FOR GHANA, MEANWHILE WE ALL SEE IT AND FEEL IT. UNTIL THEY STOP PAYING DUBIOUS JUDGEMENT DEBTS, THE HARDSHIP THEY HAVE BROUGHT TO ORDINARY GHANAIAN WILL EVEN BE RAMPANT. WHY ARE THEY TOO GREEDY LIKE THIS? HOW MANY MOUTHS DO THEY HAVE? THEY CAN NOT RULE FOREVER AND SO THEY MUST THINK TWICE.
KT 11 years ago

Wow Bawumia, so you were aware of the rising budget deficit and its adverse impact on macro economic stability of the country, and yet you and your boss were championing one of the most rediculous social/welfare policies (fre ...
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Wow Bawumia, so you were aware of the rising budget deficit and its adverse impact on macro economic stability of the country, and yet you and your boss were championing one of the most rediculous social/welfare policies (free education) that even social democrats were scared off. The question is, did you know all these challenges before december elections or not. If you did, then you were intellectually dishonest to Ghanaians. If you didnt, then i am grateful that Ghanaians got the vote right by not voting people like who didnt know what was going on, yet were promising everything under the sun. I am glad that you are getting out of this social/welfare fantasy world to the real world where controlling basic economic fundamentals are key to economic growth and development.
Paul Amuna 11 years ago

First of all I am not sure if Bawumia's figures are correct if the 'arithmetic cockup'with the electoral figures are anything to go by. Any how, this analysis is no different from his rather atrocious presentation at the Danq ...
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First of all I am not sure if Bawumia's figures are correct if the 'arithmetic cockup'with the electoral figures are anything to go by. Any how, this analysis is no different from his rather atrocious presentation at the Danquah-Busia Memorial lecture of 2011.

That said, Bawumia seems to praise the Kuffuor and Rawlings governments on 'fiscal discipline and financial prudence' but has been drumming this notion of 'economic incompetence' on the Mills-Mahama government. What he fails completely to tell Ghanaians is WHAT IS RESPONSIBLE FOR THE DEFICIT. What I want to know for instance is whether there have been any investments and in particular infrastructure projects which in themselves become assets for government.

If Ghana is now an oil producing and exporting country, is Bawumia suggesting that the government has somehow squandered oil revenue? What deals did the Kuffuor government make before leaving office using projected or anticipated oil revenue in lieu of payment or as loan guarantees for instance on behalf of the Government of Ghana?

We know that Ghana has recently made significant progress in achieving some of the Millennium Development Goals. Did the government invest some of our revenue in e.g. alleviating poverty, schools and education, health and other sectors thus contributing to what to his mind and from his analysis appear to be "mind boggling" excess expenditure over income?

The trouble with Bawumia is that he has never been able to articulate his views in a sound intellectual and coherent way. It is always wishy-washy and he leaves the reader wondering exactly what he is trying to get across. Sadly, in economic analysis, when you choose to be selective with your figures, you always end up like this. It reminds me of the laughable stance he and his fellow petitioners initially took (until ordered by the SC), saying they would only present their evidence at the supreme court and not share it with the respondents. It would have been funny had it not had anything to do with serious government business and our very national developmental agenda.
Prof. Calculus. 11 years ago

Some commentators here think they know better. Lets be honest and not just oppose what we don't understand just because it is against the NDC. You are just like the NDC.

Some commentators here think they know better. Lets be honest and not just oppose what we don't understand just because it is against the NDC. You are just like the NDC.

The economy is on an unsustainable path

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