Ghana: 'We are far from going to HIPC'

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Tokyo 10 years ago

Look at his burnt face. Liars. Nation wreckers. Destroying the future if ur kids. The mess you guyz have created and continue to creat is horrible. We just pray to God to come to ur aid !!

Look at his burnt face. Liars. Nation wreckers. Destroying the future if ur kids. The mess you guyz have created and continue to creat is horrible. We just pray to God to come to ur aid !!
ZoRRo 10 years ago

Mr. Terkper, you can manipulate the numbers to make the country HIPIC, if we can get some relief from that status; this NDC government is clueless. Focus on taking care of the poor and jobless

Mr. Terkper, you can manipulate the numbers to make the country HIPIC, if we can get some relief from that status; this NDC government is clueless. Focus on taking care of the poor and jobless
ADJEI 10 years ago

DANQUAH BUSIA MUST SACK THIS GABBY GUY; JUST TALKING FROM HIS OWN FICTITION IDEAS

DANQUAH BUSIA MUST SACK THIS GABBY GUY; JUST TALKING FROM HIS OWN FICTITION IDEAS
The 10 years ago

The Finance Mininsters response tells me they are going to even borrow more. Okay keep borrowing.

The Finance Mininsters response tells me they are going to even borrow more. Okay keep borrowing.
ADJEI 10 years ago

NDC WILL NEVER DISGRACE GHANA WITH HIPC

NDC WILL NEVER DISGRACE GHANA WITH HIPC
The Ghanaian 10 years ago

Author: The Ghanaian
Date: 2013-10-07 10:50:26
Comment to: Bawumia is " pepeni"

Let me tell any body trying spread the propaganda news about Hon. Dr. BAWUMIA that, the person or group of persons will never succeed. The ...
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Author: The Ghanaian
Date: 2013-10-07 10:50:26
Comment to: Bawumia is " pepeni"

Let me tell any body trying spread the propaganda news about Hon. Dr. BAWUMIA that, the person or group of persons will never succeed. The name BAWUMIA is written in Gold on NPP calender and we the grass root supporters will never accept any ticket than NANA ADDO and Dr. BAWUMIA come 2016. If it will not be NANA then it will be BAWUMIA and who else. Don't mind the press, DR. we love you, we support, and we will vote for the intelligent mind. NPP supporters Ghana over adore you. Don't let the press deceive you. You are NPP and NPP is you. WE all know how you have served the country.
ADJEI 10 years ago

THIS GABBY GUY IS GETTING ON MY NERVES WITH HIS LIES

THIS GABBY GUY IS GETTING ON MY NERVES WITH HIS LIES
Nicholas J Bedzo 10 years ago

You know better, say more to cool us
down.

You know better, say more to cool us
down.
ADJEI 10 years ago

GHANA WILL NOT GO HIPC UNDER NDC

GHANA WILL NOT GO HIPC UNDER NDC
Joe ballack 10 years ago

Incompetent minister ever

Incompetent minister ever
kofi Daniel 10 years ago

If someone like Gabby will fail his papers to be a lawyer, why do you take him serious when it comes to mathematics
I guess he also wants to be heard saying something.
Without talking like this who knows him?
Food for thou ...
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If someone like Gabby will fail his papers to be a lawyer, why do you take him serious when it comes to mathematics
I guess he also wants to be heard saying something.
Without talking like this who knows him?
Food for thought.
DKB 10 years ago

What do you expect people to say and think when our president himself tells us we have eaten all the meat and only left with the bone? After such a statement if we see Govt's inability to make statutory payments, then there i ...
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What do you expect people to say and think when our president himself tells us we have eaten all the meat and only left with the bone? After such a statement if we see Govt's inability to make statutory payments, then there is something wrong.
We can continue denying the truth because it affects a party we support, if you truly care about the party you support, then keep them on their toes to make sure they deliver for Ghana.
GREAT NANA ANTWI 10 years ago

ARE YOU IN NEED OF A FAST POWERFULL SPIRITUALIST type www.greatnanapowerfullspiritualist.blogspot.com

ARE YOU IN NEED OF A FAST POWERFULL SPIRITUALIST type www.greatnanapowerfullspiritualist.blogspot.com
shakara 10 years ago

ALL THESE ARE MERE FIGURES. YOU WILL BE SHOCKED TO KNOW THE ACTUAL FUNDS AVAILABLE FOR PROJECTS.

ALL THESE ARE MERE FIGURES. YOU WILL BE SHOCKED TO KNOW THE ACTUAL FUNDS AVAILABLE FOR PROJECTS.
Kofi 10 years ago

Ghana debt payments on the rise
26 July 2013

Payments could reach 30 per cent of government revenue in 2020s.

Ghana has recently been judged by the IMF and World Bank to be at moderate risk of not being able to pay de ...
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Ghana debt payments on the rise
26 July 2013

Payments could reach 30 per cent of government revenue in 2020s.

Ghana has recently been judged by the IMF and World Bank to be at moderate risk of not being able to pay debts. The government’s foreign debt fell from $6 billion in 2005 (over 60 per cent of GDP) to $2 billion in 2006 (10 per cent of GDP), after qualifying for some debt cancellation in 2004 and 2005. Despite a booming economy, the debt has increased rapidly to $10 billion in 2013 (23 per cent of GDP).

The biggest concern over Ghana’s debt is the cost of its debt payments. Assuming economic growth of 5-8 per cent a year, annual foreign debt payments are still projected to reach 15 per cent of government revenue by 2020 and over 20 per cent by the mid-2020s. In the event of one economic shock, debt payments are projected to be as high as 30 per cent of government revenue by the mid-2020s, well above the relative level of payments in the period before Ghana qualified for debt cancellation. The IMF claims that governments historically begin to default on debt payments once they reach the range of 20-30 per cent of revenue.

Once again, the biggest group of lenders to Ghana have been multilateral institutions, with 40 per cent of foreign loans between 2006 and 2011. Most of this is lending by the IMF and World Bank, which by themselves are responsible for 35 per cent of lending to the West African country. Private lenders were responsible for 34 per cent of loans, and foreign governments 27 per cent. Private lenders are predicted to be a much larger source of loans in coming years.

Ghana: 'We are far from going to HIPC'

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