Gov’t: 49.5% debt to GDP ratio “still manageable”

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Frank Agyena-Karikari 10 years ago

Just listening. If it is a cat, say it is a Tiger. If it is a goat, say it is an elephant. Ghana's economy is so so so GOOD we cannot pay workers? Hmmm. Just get ready and pick up your begging cup now.

Just listening. If it is a cat, say it is a Tiger. If it is a goat, say it is an elephant. Ghana's economy is so so so GOOD we cannot pay workers? Hmmm. Just get ready and pick up your begging cup now.
Kojo 10 years ago

Get proper international standard income from mining. That will bring the debt level down and support development. Also reduce the number of Ministers and close down Ministries sch as Gender, Information, etc and abolish the ...
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Get proper international standard income from mining. That will bring the debt level down and support development. Also reduce the number of Ministers and close down Ministries sch as Gender, Information, etc and abolish the post of Deputy Regional Minister.
Agyeman. 10 years ago

Ministers take a very teeny tiny percentage of our budget.In fact we spend much more on our military($120m) yet it still doesn't take up 1 percent of our budget.

Ministers take a very teeny tiny percentage of our budget.In fact we spend much more on our military($120m) yet it still doesn't take up 1 percent of our budget.
Say the Truth 10 years ago

We live to see the RESULTS LATER TO ALL GHANAIANS ON THE PROJECTS & THE REPAYING OF THE DEBTS IF WHAT IS BEEN "ACTUALLY" INVESTED IN WE GETTING VALUE FOR MONEY WITH NO INFLATED PRICES/CONTRACTS WHEREBY WE PAY TWICE OR MORE FO ...
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We live to see the RESULTS LATER TO ALL GHANAIANS ON THE PROJECTS & THE REPAYING OF THE DEBTS IF WHAT IS BEEN "ACTUALLY" INVESTED IN WE GETTING VALUE FOR MONEY WITH NO INFLATED PRICES/CONTRACTS WHEREBY WE PAY TWICE OR MORE FOR THEM UNER NOW "Y3b3 Dii K3k3" (WHICH COULD BE USED FOR MORE INFRASTRUCTURES) & IF THE PAYBACK IS EFFECTIVE - THAT IS PRIOTIZATION OF THE LOANS THEREBY INVESTING IN THOSE THAT COULD REPAY THROUGH USAGE (i.e CASHCOW PROJECTS) FOR THE RETURNS TO BE USED ON THE LESS PRIORITY ONES!!!

THAT IS WHERE ONE OF THE BIG PROBLEMS ARE GHANA EVEN IF THE LOANS ARE REALLY FINANCING PROJECTS (TYPICAL EXAMPLES):
$15 MILLION GUINEA FOWL PROJECST (FOWLS ALL FLEW TO BURKNA FASO..NOTHING TO SHOW FOR IT - LOAN WILL HAVE TO BE REAPAID FROM WHERE????

$10 MILLION REFORESTATION - WITH ALL THE TREES PLANTED DEAD - LOANS HAVE TO BE REPAID FROM WHERE????????

$25 MILLION WATERVILLE DOUBLE PAYMENT - LOAN HAVE TO BE REPAID FROM HWHERE?????????

WOYOME'S & MANY OTHER SHADY DEALS USING THE NATIONS BORROWED MONEY FOR SUCH DEALS - LOANS HAVE TO BE REPAID FROM WHERE????????

YOU CAN FIGURE THE COMING PROBLEMS SOON!!!!!

TIME WILL TELL!!!!
Paul Amuna 10 years ago

So you wait until the debt has hit the LIMIT before you start to worry about it!!! How can such a person be made a minister, let alone information minister?

Surely the government must be doing something seriously to addres ...
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So you wait until the debt has hit the LIMIT before you start to worry about it!!! How can such a person be made a minister, let alone information minister?

Surely the government must be doing something seriously to address the growing debt? That is what we want to hear rather than this reckless statement which gives the impression that the government is comfortable with the status quo.

Not long ago the president was calling for ministries, departments and government organisations to reduce spending. I suggested at the time that there should be a target given to each sector to cut spending per year over a certain period, and to have a transparent system of monitoring how monies were being spent, look for loopholes in the system and close them to reduce wasteful spending.

One would have hoped that the information minister would tell Ghanaians what practical steps are being taken to cut or control spending instead of this silly party political propaganda and posturing which does nothing to reduce the spending, but if anything, displays arrogance from someone who is empty on ideas or leadership!!!

In my view people like Ayariga have not got what it takes to head departments let alone lead a whole ministry. This is not a party political platform but the country that we are talking about. He must go at the next reshuffle.
messa 10 years ago

MAHAMA GOVRENMENT DESTROY OUR ECONOMY,KILLING JOBS ,KILLING BUSNISSES ,TAXING GHANA PEOPLE TO DEATH AND RAISING UTILITY BILL BY ILLEGAL AND IMMORAL 69% AND YOU COME UP AND TELL US ALL THIS STORYS? GHANA PEOPLE ARE NOT STUPI ...
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MAHAMA GOVRENMENT DESTROY OUR ECONOMY,KILLING JOBS ,KILLING BUSNISSES ,TAXING GHANA PEOPLE TO DEATH AND RAISING UTILITY BILL BY ILLEGAL AND IMMORAL 69% AND YOU COME UP AND TELL US ALL THIS STORYS? GHANA PEOPLE ARE NOT STUPID WE KNOW FRAUD WHEN WE SEE IT
oppong london 10 years ago

stupid party ndc is always talking nonsense and propaganda because it,s a party of only foolish people who knows nothing about governance than bragging and blaming past government of npp which almost all of us in the diaspora ...
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stupid party ndc is always talking nonsense and propaganda because it,s a party of only foolish people who knows nothing about governance than bragging and blaming past government of npp which almost all of us in the diaspora liked and honoured.i fuck ndc.
YOG 10 years ago

FIX THE ISSUE TO FIX THE PROBLEM WITH TECHNOLOGY, TAXES REVENUE GENERATION, BORROWING MONEY TO PAY WORKERS, TOR DEBTS, OR GOVERNMENT ENTERPRISES DEBTS WITHOUT ELIMINATING WASTE, BRING IN TRANSPARENCY, ACCOUNTABILITY, ELIMINAT ...
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FIX THE ISSUE TO FIX THE PROBLEM WITH TECHNOLOGY, TAXES REVENUE GENERATION, BORROWING MONEY TO PAY WORKERS, TOR DEBTS, OR GOVERNMENT ENTERPRISES DEBTS WITHOUT ELIMINATING WASTE, BRING IN TRANSPARENCY, ACCOUNTABILITY, ELIMINATING UNPRODUCTIVE WORKERS WILL CONTINUE TO INCREASE NATIONAL DEBTS. HOLD LEADERS, EMPLOYEES, ROAD CONTRACTORS BUILDING 3RD CLASS ROADS ACCOUNTABLE.
AUDITOR GENERAL WORK AND OFFICES SHOULD BE SPREAD ALL OVER GHANA INCLUDING DISTRICTS, MUNICIPALITIES.
YOGT 10 years ago

MISSING AND CONTINUE TO BORROW MONEY AND SHITTING INTO NDC CRONIES CONSULTANCIES. DOESN'T HAVE NO KNOWLEDGE OF REVENUE GENERATION

MISSING AND CONTINUE TO BORROW MONEY AND SHITTING INTO NDC CRONIES CONSULTANCIES. DOESN'T HAVE NO KNOWLEDGE OF REVENUE GENERATION
Kofi 10 years ago

Monkey Head

Monkey Head
KOO 10 years ago

This man Ayariga is not being clever.On one side he says 60% deficit is what is crucial for developing countries,but then goes on to list countries like USA,France Germany and other advanced countries who have very robust eco ...
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This man Ayariga is not being clever.On one side he says 60% deficit is what is crucial for developing countries,but then goes on to list countries like USA,France Germany and other advanced countries who have very robust economies with much higher debt to GDP ratio.He has forgotten that these countries have massive reserves to support their economies why we have practically nothing.With these people like Ayariga in power it will not take long for our economy to grind to a halt.
Akans Prophecies 10 years ago

This Ayariga or whatever his name is, is a damned bastard noisy Parker! He thinks he has answer to all the burdens this mafia gangsters imposes on Ghanaians. Just look around you ,everything is in a mess! Hyper taxes, loans,c ...
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This Ayariga or whatever his name is, is a damned bastard noisy Parker! He thinks he has answer to all the burdens this mafia gangsters imposes on Ghanaians. Just look around you ,everything is in a mess! Hyper taxes, loans,corruptions, sickness, hunger. An immature government of Annihilation. And despite, the warnings of our experts, Mr know all is speculating on 60% GDP to believe the unreparable errors ! The Astrucians of yesteryears did not need a pesewa to build their manificient roads and brigdes, which served as a gateway for the future Romans! Keep stealing our wealthy motherland to build your personal accounts, our last best inquisitor is yet to come!
peace 10 years ago

THATS HOW NDC OPERATE

THATS HOW NDC OPERATE
Papa Yaw 10 years ago

How

How
1234 10 years ago

1234

1234
Freshie101 10 years ago

If we are borrowing money to make improvements, why have we increased utility bills (water and electricity), gas, and other expenses? Where do our VAT and increased expense money go? With the amount of money being collected ...
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If we are borrowing money to make improvements, why have we increased utility bills (water and electricity), gas, and other expenses? Where do our VAT and increased expense money go? With the amount of money being collected by our government "should" be able to pay for these projects. OUR GOVERNMENT IS FULL OF CRAP...
Kojo 10 years ago

The government spends 74.5% of its revenues on salaries? What kind of government do we have? That is insane. So there is just 25% of revenues left for everything else: interest payments on the ever growing public debt, educat ...
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The government spends 74.5% of its revenues on salaries? What kind of government do we have? That is insane. So there is just 25% of revenues left for everything else: interest payments on the ever growing public debt, education, health, infrastructure projects, etc. No wonder the Nsawam-Suhma road work has taken years. What kind of finance minister do we have in Ghana? Has he ever studied economicss? Is there even a government in the world that uses 75% of its revenues to pay its ever growing ranks of lazy, useless and irredeemably corrupt public servants? This is simply unbelievable. Ghana is a joke. It's is not a serious country.
BOY KOFI 10 years ago

All these projects listed here are for NDC contractors and that's not what we want to know.Govt must encourage the privite sector to grow,I mean business must flourish everywhere to let the economy grow stronger,make the citi ...
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All these projects listed here are for NDC contractors and that's not what we want to know.Govt must encourage the privite sector to grow,I mean business must flourish everywhere to let the economy grow stronger,make the citizens productive and happy.Apart from these projects,have you also checked the number of business been collapsed everyday,Mr Minister?Thank you.
Hazor 10 years ago

If Ayariga is justify they incompetence and was able to tell Ghana the percentage of what each country owns,it will also be wise if Ayariga could provide us the cost of all the project listed above paid by tax payers.How coul ...
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If Ayariga is justify they incompetence and was able to tell Ghana the percentage of what each country owns,it will also be wise if Ayariga could provide us the cost of all the project listed above paid by tax payers.How could Kufour debt hit 52% since independence from 1957 to 2008 Ghana's debt stood at GHC8.9billion and less than 5years the debt skyrock from Ghc8.9billion to GHc43.9billion without any thing to show off and you there talking crap.Ghanaians show stop being timid and coward and take back our country from this nation wreckers.Tunisia has done it twice .Egypt has also down it twice they both stop what the see as non performing leaders and stealing from them.What is Ghanians waiting for?What is wrong with Ghanaians have we forgot both the TWI and English anthems and they authenticities or its messages telling Ghanaiand to be bold and not cowards.
DESCARTES 10 years ago

GHANAIANS MUST WAKE UP TO SAY THAT IT IS "OUR MONEY,TAX PAYERS MONEY OR THE PEOPLE WHOSE LAND PRODUCE THE RESOURCES MONEY" THAT IS BEING MISMANAGED BY POLITICIANS. AKAN YOUTHS SHOULD TAKE OVER THEIR LANDS JUST AS GA YOUTHS CL ...
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GHANAIANS MUST WAKE UP TO SAY THAT IT IS "OUR MONEY,TAX PAYERS MONEY OR THE PEOPLE WHOSE LAND PRODUCE THE RESOURCES MONEY" THAT IS BEING MISMANAGED BY POLITICIANS. AKAN YOUTHS SHOULD TAKE OVER THEIR LANDS JUST AS GA YOUTHS CLAIM GREATER ACCRA LANDS.IF FOR DECADES YOU OWN AND LIVE ON A LAND WITH NATURAL RESOURCES BUT STILL YOU DO NOT GET ANY PROFIT THEN YOU HAVE TO THINK TWICE TO TA KE OVER YOUR LAND. ALL PÖLITICAL PARTIES DO NOT COME INTO POWER WITH THEIR OWN MONEY OR RESOURCES.
GREAT NANA ANTWI 10 years ago

ARE YOU IN NEED OF A FAST POWERFUL SPIRITUALIST look www.greatnanapowerfullspiritualist.blogspot.com

ARE YOU IN NEED OF A FAST POWERFUL SPIRITUALIST look www.greatnanapowerfullspiritualist.blogspot.com
mr white 10 years ago

all is a lie.nothing has been done since NDC came to power.they ghanaians are fool.you can fool sometime but not all the time.NDC can never compare themselves with NPP,who introuced school feeding programme,healthcare,changin ...
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all is a lie.nothing has been done since NDC came to power.they ghanaians are fool.you can fool sometime but not all the time.NDC can never compare themselves with NPP,who introuced school feeding programme,healthcare,changing the cedi,do major infrastructure in GH all is NPP.people follow NDC becos of tribalism that is why u lot are in power.when president Kuffour was in power he didn't take Ghana's money to bribe voters power,mahama did everybody in Ghana knows that
pani 10 years ago

kufour had no oil

kufour had no oil
Panucci 10 years ago

This fraud wants to compare the debt to GDP ratio of an underdeveloped country that still cannot construct basic infrastructure to those of global powers whose primary needs are rarely food and infrastructure development? Mor ...
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This fraud wants to compare the debt to GDP ratio of an underdeveloped country that still cannot construct basic infrastructure to those of global powers whose primary needs are rarely food and infrastructure development? Moron country.
akwasi 10 years ago

PLEASE TALK ABOUT WHAT YOU AE DOING. NOT WHAT PREVIOUS GOVTS DID. THERE IS TOO MUCH BORROWING AND TOO MUCH DEBT INCURED IN A SHORT TIME, WITH NOTHING TO SHOW FOR.TELL US WHAT YOU DID WITH THE BORROWED MONEY.MIND YOU THE PREV ...
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PLEASE TALK ABOUT WHAT YOU AE DOING. NOT WHAT PREVIOUS GOVTS DID. THERE IS TOO MUCH BORROWING AND TOO MUCH DEBT INCURED IN A SHORT TIME, WITH NOTHING TO SHOW FOR.TELL US WHAT YOU DID WITH THE BORROWED MONEY.MIND YOU THE PREVIOUS GOVT WAS IN FOR 8 YRS,YOU ARE ONLY 2 YRS.
cofi emison 10 years ago

Ghanaian should start becoming fret and be ready to act,those who have foresight will no that this country is in retrogression, exacerbated,abyss or even tatters.the earlier we stop ndc and n ...
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Ghanaian should start becoming fret and be ready to act,those who have foresight will no that this country is in retrogression, exacerbated,abyss or even tatters.the earlier we stop ndc and npp and face the fact the better for what is ahead of us.things are not going on right and something need to be done.
Sankofa 10 years ago

Ayariga is right.

The world Bank acknowledged that government borrowing was being used for development projects. So long as these projects help to grow our economy, we should be able to pay off these debts when they mature ...
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Ayariga is right.

The world Bank acknowledged that government borrowing was being used for development projects. So long as these projects help to grow our economy, we should be able to pay off these debts when they mature.

The real problem at present is the high wage bill without concomitant increases in productivity. we must make the public sector more productive to justify the wage increases occasioned by the migration to SSSS.

Gov’t: 49.5% debt to GDP ratio “still manageable”

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