IMF warns gov't over risks to economy

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GHFUO, change ur thinking 10 years ago

CONSTRUCTION JOBS, FACTORIES...

CONSTRUCTION JOBS, FACTORIES...
Concerned Ghanaian 10 years ago

The Governor of Bank of Ghana has PhD in Econometrics. He should stand up and challenge IMF that the IMF analysis are bogus.

The Governor of Bank of Ghana has PhD in Econometrics. He should stand up and challenge IMF that the IMF analysis are bogus.
GHANA IN TROUBLE 10 years ago

IF YOU HAVE PEOPLE LIKE FIFFI KWETEY ADVOCATING ECONOMIC MEASURES, FOR THE COUNTRY, WHAT WOULD YOU EXPECT, DOOM. THE ECONOMIC POLICIES OF THIS GOVERNMENT IS IN TOTAL SHAMBLES. THEY ONLY KNOW OF LOOTING THE NATIONAL COFFERS. I ...
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IF YOU HAVE PEOPLE LIKE FIFFI KWETEY ADVOCATING ECONOMIC MEASURES, FOR THE COUNTRY, WHAT WOULD YOU EXPECT, DOOM. THE ECONOMIC POLICIES OF THIS GOVERNMENT IS IN TOTAL SHAMBLES. THEY ONLY KNOW OF LOOTING THE NATIONAL COFFERS. INSTEAD OF JOBS CREATION,IT'S ALL ABOUT LOOTING, AND BORROWING, WHERE WE DO NOT SEE ANY REFLECTION ON THE BORROWINGS. THIS COUNTRY IN HANDS OF THESE GREEDY SHITS, IS HEADING TOWARDS OBLIVION. BASIC NECESSITIES LIKE DRINKING WATER, FEEDER ROADS, GOOD EDUCATION, UNEMPLOYMENT ARE THE ONLY ACHIEVEMENTS OF THIS GOVERNMENT, WHILST OUR HOSPITALS HAVE BEEN TURNED INTO GRAVE YARDS. WE CHASE POWER ONLY TO DESTROY, STEAL AND OPPRESS OUR OWN PEOPLE. SHAME TO THE BLACK MAN. THIS IS NOT HOW NKRUMAH WANTED FOR US. BASTARDS.
DOUBLE STANDARDS 10 years ago

AND SO ARE YOU!!! TELL THE NPP TO GIVE MAHAMA A CHANCE INSTEAD SABOTAGING GHANA!!! WHY DONT YOU COME BE A MINISTER AND TURN THINGS AROUND!!! IDIOT! SITTING YOUR FAT ASS ON A STINKY COUCH IN THE BRONX CRITICIZING INTO THE AIR! ...
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AND SO ARE YOU!!! TELL THE NPP TO GIVE MAHAMA A CHANCE INSTEAD SABOTAGING GHANA!!! WHY DONT YOU COME BE A MINISTER AND TURN THINGS AROUND!!! IDIOT! SITTING YOUR FAT ASS ON A STINKY COUCH IN THE BRONX CRITICIZING INTO THE AIR!!!
JAMES Y 10 years ago

Ghana has abysmal infrastructure; IMF must know that unless that has been put right, there is no chance for Ghana to make any meaningful headway, economically. Can a country progress, economically, with decayed and near non-e ...
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Ghana has abysmal infrastructure; IMF must know that unless that has been put right, there is no chance for Ghana to make any meaningful headway, economically. Can a country progress, economically, with decayed and near non-existent infrastructure - our roads are bad, some areas have none; no railways and/or other important transport facilities such as waterways, to make a free and easy movement of goods and foodstuffs around the country, let alone for export. Putting all our efforts and depending, solely, on extractive industries and cocoa production - an IMF preference - are, scarcely, the way forward for a country like Ghana to progress. Aside oil, Ghana has produced gold, manganese, diamonds, cocoa, coffee etc., for donkey years yet, Ghana has been in economic doldrums for many years. If Ghana borrows and invests, sensibly, in infrastructure and coupling it with oil production, it will make Ghana better. IMF has one-way advice and criticism - spend less and cut off social investment.
Kracher 10 years ago

In five and half years that NDC has been in power the country's finances have been in shambles. They have no clue as to how to manage the economy. You mark my words, when IMF comes back to visit in early 2014, they are going ...
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In five and half years that NDC has been in power the country's finances have been in shambles. They have no clue as to how to manage the economy. You mark my words, when IMF comes back to visit in early 2014, they are going to say that Ghana is insolvent and must file for bankruptcy. The previous mismanagement of the economy under Rawlings forced Ghana into HIPC and no doubt it will happen again under Mahama/Arthur led government.
KKB 10 years ago

We believe our president JM because he just delivered a lecture on Ghana economy.. He said everything is OK, edebe keke

We believe our president JM because he just delivered a lecture on Ghana economy.. He said everything is OK, edebe keke
DOUBLE STANDARDS 10 years ago

NPP BOZOS TRIED TO SCREW GHANAIANS WITH THEIR BOGUS SELFISH PETITION BUT MAHAMA WILL SUCCEED!!! AND NOT BCOS ASSHOLES ON THIS FORUM ARE BUSY WASTING THEIR TIME INSULTING MAHAMA AND HIS GOVT.

NPP BOZOS TRIED TO SCREW GHANAIANS WITH THEIR BOGUS SELFISH PETITION BUT MAHAMA WILL SUCCEED!!! AND NOT BCOS ASSHOLES ON THIS FORUM ARE BUSY WASTING THEIR TIME INSULTING MAHAMA AND HIS GOVT.
BOB 10 years ago

MAHAMA IS USELESS PRESIDENT AND WHO EVER VOTE FOR THE PARTY IS A FOOL AND THE PRESIDENT IS SAYING THE ECONOMY IN GHANA IS BETTER FROM NORTH AND ONLY KNOWS IS TALKING AND STEALING.

MAHAMA IS USELESS PRESIDENT AND WHO EVER VOTE FOR THE PARTY IS A FOOL AND THE PRESIDENT IS SAYING THE ECONOMY IN GHANA IS BETTER FROM NORTH AND ONLY KNOWS IS TALKING AND STEALING.
Nemesis 10 years ago

Another useless cry-baby!!! You will cry a whole sea and afterwards burn it!!! Dont worry, Mahama will bring back the goat (your mother!) that he stole from you....

Another useless cry-baby!!! You will cry a whole sea and afterwards burn it!!! Dont worry, Mahama will bring back the goat (your mother!) that he stole from you....
Yaw 10 years ago

With the advice from IMF I o not think this government will listen. They actually say well we have heard you but will not take it. The overloaded debts will eat us up. The so-called economists who think its good do not wish G ...
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With the advice from IMF I o not think this government will listen. They actually say well we have heard you but will not take it. The overloaded debts will eat us up. The so-called economists who think its good do not wish Ghana and its people well. China is great because they lived within their means. Made more profits and invested the profits of which they are living on. Can't Ghana do the same? And what can we show for the huge debts we have accumulated. Very sad indeed.
K MAN 10 years ago

Let's stop this issue of politking, because even if NDC is incompetent, and to me they are...blaming and not suggesting ways for the country to progress is not going to move us forward.

The economy is in a mess, but we can ...
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Let's stop this issue of politking, because even if NDC is incompetent, and to me they are...blaming and not suggesting ways for the country to progress is not going to move us forward.

The economy is in a mess, but we can either come together as one...from the media, social commentators and NGOs to even politicians to flag up where we need to be going as a country and the need to cut corruption and incompetennce or we can "shout" at each other and be smug or defensive.

Ghana is not for one party or president, or ethnic group, if we don't put our heads together to put pressure to move this country forward then we will just be a failed African country....alwyas thinking Mahama is right or Mahama is a buffon is not going to move this country forward.
OKOE 10 years ago

IT IS TIME TO STOP THIS NAME CALLING AND USING ABUSIVE WORDS FOR ONE ANOTHER. IT IS TIME TO STOP. YOU KNOW THE POLITICIANS WILL SAY THE PLEASANT THINGS TO OUR EARS. IF YOU KNOW BETTER WHAT AILS GHANA, COME FORWARD WITH YOUR S ...
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IT IS TIME TO STOP THIS NAME CALLING AND USING ABUSIVE WORDS FOR ONE ANOTHER. IT IS TIME TO STOP. YOU KNOW THE POLITICIANS WILL SAY THE PLEASANT THINGS TO OUR EARS. IF YOU KNOW BETTER WHAT AILS GHANA, COME FORWARD WITH YOUR SUGGESTIONS TO HELP GHANA FORWARD AND IMPROVE OUR COUNTRY. REMEMBER WE ARE ALL IN TOGETHER. WE EITHER SINK OR FLOAT TOGETHER.
Sakura 10 years ago

The President just said our economy is strong and sturdy. Did I misread what was stated?

The President just said our economy is strong and sturdy. Did I misread what was stated?
Concerned Ghanaian 10 years ago

Governor of Ghana has PhD in Econometrics. He should stand up and challenge IMF that the IMF analysis are bogus.

Governor of Ghana has PhD in Econometrics. He should stand up and challenge IMF that the IMF analysis are bogus.
TOTO AFRICA 10 years ago

MY QUESTION IS THIS:

DO GHANA'S FUCKING "LEADERS" CARE ABOUT GHANA'S ECONOMIC PERFORMANCE?

THE ANSWER IS A RESOUNDING NO!!

GHANA'S ECONOMIC PROSPERITY IS THE LAST THING ON THE MINDS OF IT'S LEADERSHIP, AND THAT EXPLA ...
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MY QUESTION IS THIS:

DO GHANA'S FUCKING "LEADERS" CARE ABOUT GHANA'S ECONOMIC PERFORMANCE?

THE ANSWER IS A RESOUNDING NO!!

GHANA'S ECONOMIC PROSPERITY IS THE LAST THING ON THE MINDS OF IT'S LEADERSHIP, AND THAT EXPLAINS WHY KUFUOR AND HIS CLIQUE CAME UP WITH AN EX-GRATIA PACKAGE THAT US PRESIDENT OBAMA AND THE ARAB SHEIKHS WILL ONLY DREAM OF. CRIMINALS.
Owura Kofi 10 years ago

The IMF and World Bank have to accept some of the blame for the current account deficit they are talking about. They bullied Ghana gov'ts to accept Structural Adjustment Programmes with conditionalities that have proven disas ...
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The IMF and World Bank have to accept some of the blame for the current account deficit they are talking about. They bullied Ghana gov'ts to accept Structural Adjustment Programmes with conditionalities that have proven disastrous to the economy. These guys insisted that Ghana liberalized trade. That's open its borders to all kinds of imports. They insisted that gov'ts sell national productive assets- Ashanti Goldfield, and others.
In an economy where almost everything we consume is imported, and we rely on export of few (raw) commodities whose prices fluctuate daily, is it's any surprise that the economy is in this state? Since our Import expenditure exceeds or Export receipts, there will always be a Current Account deficit. Until Ghana starts to Manufacture some of the basic products we consume, unemployment will continue to be high. Gov't budget deficit will continue to be high, simply because gov't revenues don't match its expenditure. The country is facing an imminent danger, for relying on foreign debt capital. The day that these foreign investors decide to cash out, the country would be in for a rude awakening, a la Thailand and the Asian financial crisis.
gghanaba 10 years ago

Is anybody commenting here an economist? if you people are, you are not sounding as one. The bank IMF team talked about the challenges facing the economy in the short term is a risk because of falling prices of gold and cocoa ...
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Is anybody commenting here an economist? if you people are, you are not sounding as one. The bank IMF team talked about the challenges facing the economy in the short term is a risk because of falling prices of gold and cocoa. They also talked about Ghana's reliant on foreign debt to support government expenditures.
They also praised the government ability to curb public spending and measures put in place to reduce public bill. They also said the medium term prospects are ecouraging. So wise people What do we tell the Government?
The little Knowledge i have, i urge the Government to diversify into other areas of export including technology, artifacts, agric and also lay a solid foundation to increase tourism and more importantly, protect local businesses to increase taxes to reduce long term effect on accumulated interest to be paid to the foreign capital and its fx burden.

IMF warns gov't over risks to economy

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