Sinking Economies & Sleaze: Can Terkper save Mahama?

Read Article

Comments (26)

This article is closed for comments.

Read Comments Comments (26)

K Ansah 10 years ago

His is more or less small kitchen talk between two rival housewives which he thinks is journalism.

His is more or less small kitchen talk between two rival housewives which he thinks is journalism.
SGT ANANI FIADZOE 10 years ago

Mahama and his NDC incompetent fools has no good economical strategy for Ghana, NDC due their arrogance, lies,
deceit, foolishness and loot and share
attitude, Ghana has no future under the administration of this crooks and ...
read full comment

Mahama and his NDC incompetent fools has no good economical strategy for Ghana, NDC due their arrogance, lies,
deceit, foolishness and loot and share
attitude, Ghana has no future under the administration of this crooks and arm robbers, rapist and puppet NDC Government.

Under the administration of Nkomfem
Mahama administration, the sovereignty
of this nation will continue to hopeless and unproductive that the majority people of this nation will again continue to bras themselves with
very poor living condition and highest
degree of hardship. Mahama is unfit to govern our nation, he is totally a
failure, a liar, deceitful and highly dishonest crap.
Erica 10 years ago

But this article makes sense, my brother.It is a t imely warning to the government to change gears!

But this article makes sense, my brother.It is a t imely warning to the government to change gears!
OBSERVER 10 years ago

K Ansah is either too idle or too stupid to analyse the article and justify the claim that the writer is talking nonsense. It is because of people like K Ansah that the quality of life in Nigeria and Ghana has fallen to such ...
read full comment

K Ansah is either too idle or too stupid to analyse the article and justify the claim that the writer is talking nonsense. It is because of people like K Ansah that the quality of life in Nigeria and Ghana has fallen to such a desperate level.
kofikofi 10 years ago

I wouldn't waste my time reading this article full of bullshit.

I wouldn't waste my time reading this article full of bullshit.
OBSERVER 10 years ago

But obviously you did.

But obviously you did.
Joe Turkey 10 years ago

A blind man does not lead a blind man?

A blind man does not lead a blind man?
KENNEDY AGYAPONG GO GET YOU. 10 years ago

What the fuck does this goat herder too know? Bature your stinging mouth. Even a goat's teeth looks cleaner that your tainted rotten teeth. Go back to Nigeria and leave Ghanaians alone.

What the fuck does this goat herder too know? Bature your stinging mouth. Even a goat's teeth looks cleaner that your tainted rotten teeth. Go back to Nigeria and leave Ghanaians alone.
Goahead 10 years ago

Bature is being paid to write this nonsense.

Bature is being paid to write this nonsense.
kofi 10 years ago

u can eat ur cake and have it....simple as that...u cant spend over 350,000.00 ghc building six classroom block when npp was using 80,000.00 ghc ....and u cant overspend 2012 budget by a whooping 8.7 bn ghc without parliament ...
read full comment

u can eat ur cake and have it....simple as that...u cant spend over 350,000.00 ghc building six classroom block when npp was using 80,000.00 ghc ....and u cant overspend 2012 budget by a whooping 8.7 bn ghc without parliamentary approval and expect no backlash.....and u cant indulge in wicked fake payment of judgement debts...gyeeda, sada, subah..etc etc and STILL EXPECT GHANA'S ECONOMY TO BE STILL STRONG....NDC HAS MESSED UP OUR ECONOMY BIG TIME AND MUST BE READY FOR EVEN MUCH WORSE CONSEQUENCES.....ABSOLUTE FOOLISHNESS INDEED.
Okyere Akatakyie Prempeh 10 years ago

Pl if we cannot exhibit candour on this forum, stay out and leave only those prepared to. Aba!How is it possible for NPP to use GC80,000 and NDC to use GC350,000 for the same project? Only last week the minority leader Mensa ...
read full comment

Pl if we cannot exhibit candour on this forum, stay out and leave only those prepared to. Aba!How is it possible for NPP to use GC80,000 and NDC to use GC350,000 for the same project? Only last week the minority leader Mensah Hyei-Bonsu alleged at the NPP press conference that the 2012 budget was exceeded by GC2.8 billion. Where did you get your GC8.7 billion?
kofi 10 years ago

THIS 8.7 BN GHC IS COMMON KNOWLEDGE SO PLS LEARN IT NOW ....IT IS FACTUAL AND HAS BEEN DISCUSSED ON NEWSFILE LONG AGO ON JOY TV WITH FIIFI KWETEY JUSTIFYING IT THO UNSUCCESSFULLY .......NDC IS WASTEFUL EXTRAVAGANT DUBIOUS AND ...
read full comment

THIS 8.7 BN GHC IS COMMON KNOWLEDGE SO PLS LEARN IT NOW ....IT IS FACTUAL AND HAS BEEN DISCUSSED ON NEWSFILE LONG AGO ON JOY TV WITH FIIFI KWETEY JUSTIFYING IT THO UNSUCCESSFULLY .......NDC IS WASTEFUL EXTRAVAGANT DUBIOUS AND UNPATRIOTIC WHEN IT COMES TO WASTE OF PUBLIC FUNDS...
kofi 10 years ago

u can eat ur cake and have it....simple as that...u cant spend over 350,000.00 ghc building six classroom block when npp was using 80,000.00 ghc ....and u cant overspend 2012 budget by a whooping 8.7 bn ghc without parliament ...
read full comment

u can eat ur cake and have it....simple as that...u cant spend over 350,000.00 ghc building six classroom block when npp was using 80,000.00 ghc ....and u cant overspend 2012 budget by a whooping 8.7 bn ghc without parliamentary approval and expect no backlash.....and u cant indulge in wicked fake payment of judgement debts...gyeeda, sada, subah..etc etc and STILL EXPECT GHANA'S ECONOMY TO BE STILL STRONG....NDC HAS MESSED UP OUR ECONOMY BIG TIME AND MUST BE READY FOR EVEN MUCH WORSE CONSEQUENCES.....ABSOLUTE FOOLISHNESS INDEED.
Goahead 10 years ago

Bature is being paid to write this nonsense.

Bature is being paid to write this nonsense.
KnYc (USMC) 10 years ago

Useless article. When did Ghana became a middle income nation. Even Nigeria is not considered middle income.

Useless article. When did Ghana became a middle income nation. Even Nigeria is not considered middle income.
kofi 10 years ago

u can eat ur cake and have it....simple as that...u cant spend over 350,000.00 ghc building six classroom block when npp was using 80,000.00 ghc ....and u cant overspend 2012 budget by a whooping 8.7 bn ghc without parliament ...
read full comment

u can eat ur cake and have it....simple as that...u cant spend over 350,000.00 ghc building six classroom block when npp was using 80,000.00 ghc ....and u cant overspend 2012 budget by a whooping 8.7 bn ghc without parliamentary approval and expect no backlash.....and u cant indulge in wicked fake payment of judgement debts...gyeeda, sada, subah..etc etc and STILL EXPECT GHANA'S ECONOMY TO BE STILL STRONG....NDC HAS MESSED UP OUR ECONOMY BIG TIME AND MUST BE READY FOR EVEN MUCH WORSE CONSEQUENCES.....ABSOLUTE FOOLISHNESS INDEED.
Erica 10 years ago

A good summary of what is happening and timely advice to the government." a word to the wise is enough" .However, the current pack of inexperienced and clueless ministers and deputy ministers will make the task/goals fifficul ...
read full comment

A good summary of what is happening and timely advice to the government." a word to the wise is enough" .However, the current pack of inexperienced and clueless ministers and deputy ministers will make the task/goals fifficult if not impossible to achieve. The reality is that governing a nation is not like playing marbles.
KANE 10 years ago

TERKPER, BY HIS HARSH TAX, TARIFFS, PRICE HIKES AND OTHER TERRIBLE ECONOMIC POLICIES, HAS PROVEN TIME AND AGAIN THAT HE'S USELESS AND HOPELESS, BUT USELESS AND HOPELESS MAHAMA DOESN'T SEEM TO GET IT!!!

SHOW ME YOUR FRIENDS ...
read full comment

TERKPER, BY HIS HARSH TAX, TARIFFS, PRICE HIKES AND OTHER TERRIBLE ECONOMIC POLICIES, HAS PROVEN TIME AND AGAIN THAT HE'S USELESS AND HOPELESS, BUT USELESS AND HOPELESS MAHAMA DOESN'T SEEM TO GET IT!!!

SHOW ME YOUR FRIENDS, AND I'LL TELL YOU YOUR CONDUCT OR CHARACTER. SO GOES A WISE SAYING.

THAT'S THE CASE BETWEEN USELESS MAHAMA AND USELESS TERKPER.
TEE 10 years ago

THEY ARE BOTH THE SAME SO WE WILL HELP THEM TO SINK FAST PERIOD

THEY ARE BOTH THE SAME SO WE WILL HELP THEM TO SINK FAST PERIOD
sammy 10 years ago

Seth Tekper is not a magician to change the economy overnight. Just allow him to pursue his good financial systems in place to block the existing leakages. This will bring back all the needed funds to create jobs,provide soci ...
read full comment

Seth Tekper is not a magician to change the economy overnight. Just allow him to pursue his good financial systems in place to block the existing leakages. This will bring back all the needed funds to create jobs,provide social interventions and all that we need to survive as a country.
TEE 10 years ago

THEY BOTH DESERVED EACH OTHER. WE HAVE TO HELP THEM QUICK TO SINK FASTER SO WE CAN HAVE COMPETENT PEOPLE TO LEAD US TO THE PROMISED LAND. MAHAMA IS SO USELESS HOPELESS VISIONLESS CLUELESS AIMLESS IDEALESS THIEF GHANA HAVE EVE ...
read full comment

THEY BOTH DESERVED EACH OTHER. WE HAVE TO HELP THEM QUICK TO SINK FASTER SO WE CAN HAVE COMPETENT PEOPLE TO LEAD US TO THE PROMISED LAND. MAHAMA IS SO USELESS HOPELESS VISIONLESS CLUELESS AIMLESS IDEALESS THIEF GHANA HAVE EVER KNOWN MAHAMA MUST GO WE NEED REFERENDUM PERIOD
ishak yakubu 10 years ago

The finance minister must be changed. He does not ideas that can help turn Ghana around.

The finance minister must be changed. He does not ideas that can help turn Ghana around.
KANE 10 years ago

QUOTE

SETH TERKPER told Joy Business news Tuesday as follows:

“The Governor of Bank of Ghana and his team are already preparing some legislation that would go to Parliament to strengthen their regulatory control of ...
read full comment

QUOTE

SETH TERKPER told Joy Business news Tuesday as follows:

“The Governor of Bank of Ghana and his team are already preparing some legislation that would go to Parliament to strengthen their regulatory control of the currency.”

UNQUOTE.

MY TAKE:

NONSENSE!!

WHAT SORT OF JSS CLASS ONE COMMENT IS SETH TERKPER MAKING HERE?

HEI TERKPER!! IF WISHES WERE HORSES, BEGGERS MIGHT RIDE.

"BLANKET" LEGISLATION TO REGULATE THE PERFORMANCE OF A FREE MARKET ECONOMIC SYSTEM LIKE GHANA'S DOES NOTHING TO KICKSTART SUSTAINABLE GROWTH TRAJECTORY IN GHANA.

HEI SETH, THE COMMON SENSE APPROACH TO LONG-TERM SUSTAINABLE GROWTH IN A FREE MARKET ECONOMY LIKE GHANA'S IS TO CREATE THE CONDITIONS FOR SELF-REGULATORY ECONOMIC PRACTICES, PERIOD.

NOW, LET'S GET DOWN TO BASIC JSS ECONOMICS COMMON SENSE AS FOLLOWS:

1. STOP IMPOSING TAXES, UTILITY TARIFFS, IMPORT DUTIES AND FUEL PRICE HIKES WILLY-NILLY OSTENSIBLY TO GENERATE GOV'T TAX REVENUE.

YOU LIE BAD!!! WHICH TAX REVENUE GENERATION STRATEGY IS THAT?
TELL ME, SETH!!!

SETH, KNOW THAT WHEN YOU HIKE TAXES, TARIFFS, IMPORT DUTIES, FUEL PRICES ETC, YOU TAKE TOO MUCH SPENDING MONEY OUT OF PEOPLES' POCKETS, AND THIS CAUSES PRICE HIKES, LOWERING THEIR CONTINUED "SPENDING POWER" AND ALSO REDUCING CONSUMER CONFIDENCE IN THE ECONOMY.

WHEN PEOPLE GO BROKE PAYING TOO MUCH TAXES AND TARIFFS, THEY REDUCE THEIR SHOPPING TRIPS TO WHAT YOU CALL "ACCRA MALL".

SALES AT ACCRA MALL WILL ALSO PLUMMET, SO THE MAKOLA WOMAN WILL NOT MAKE ENOUGH SALES CASH TO INCREASE HER INVENTORIES.

PRICES, TAXES AND TARIFFS HIKES ALSO DEPRECIATES THE CEDI BY REDUCING DEMAND FOR THE "WORTHLESS" CEDI AND ENCOURAGES CONVERTIBLE CURRENCIES HOLDINGS OR HOARDING, IF YOU LIKE.

THIS ENCOURAGES PANIC BUYING AND HOARDING OF THE CONVERTIBLE CURRENCIES IN ANTICIPATION OF BETTER ECONOMIC TIMES AHEAD, PARTICULARLY WHEN YOUR GOVERNMENT IS KICKED OFF YOUR PERCH IN 2016.

THIS PUTS A BREAK ON WHAT IS CALLED "CIRCULAR FLOW OF INCOMES OR LIQUIDITY".

FOR INSTANCE, IF BEFORE THE FUEL PRICE HIKES, I WAS USED TO FILLING UP MY CAR'S FUEL TANK AND BURNING OFF ALL THE FUEL ON A WEEKLY BASIS, I WILL NOW REDUCE MY FUEL CONSUMPTION BY, SAY 50%, AND ALSO MAKE SURE MY FUEL LASTS 2 WEEKS OR MORE BY REDUCING VISITS TO MY HANGOUTS.

ULTIMATELY, WHO LOSES IN FUEL AND HANDOUTS SPENDING TAX REVENUES? GOVERNMENT!

A SIMILAR JSS ECONOMICS APPLIES TO ALL OTHER CONSUMER PRODUCTS AND BUSINESSES IN GENERAL.

STIFLED ECONOMIC GROWTH EQUALS LESS EMPLOYMENT AND LESS BUSINESS STARTUPS, WHICH EQUALS LESS BUSINESS LICENCE AND TAX REVENUES.

INCOMES AND BUSINESS TAX REVENUES FAR EXCEEDS CONSUMER TAX REVENUES BECAUSE GHANA DOES NOT HAVE EFFECTIVE MECHANISMS OR SYSTEMS FOR GENERATING CONSUMER TAXE REVENUES.

THAT'S WHY MANY PEOPLE EASILY GETS AWAY WITH CONSUMER TAXES. TAX EVASION IN GHANA IS VERY EASY BECAUSE OF GREASE MY PALM, I GREASE YOURS.

THIS, AND MANY MORE ANALOGIES STIFLES GROWTH IN FREE MARKET ECONOMIES LIKE GHANA'S, SO SETH, CONTINUE INCREASING TAXES, TARIFFS AND WHAT HAVE YOU IN GHANA, AND GHANAIANS WILL KICK YOUR ARSE HARD BEFORE YOU REALISE IT.

SETH TALKS LIKE A JSS ECONOMICS STUDENT.

THAT'S WHY MY ANALOGY IS BEASED ON JSS ECONOMICS, JUST TO MAKE THINGS EASY FOR SETH TERKPER TO EASILY COMPREHEND, PERIOD.

DE THERE, SETH!!!
KANE 10 years ago

QUOTE

SETH TERKPER told Joy Business news Tuesday as follows:

“The Governor of Bank of Ghana and his team are already preparing some legislation that would go to Parliament to strengthen their regulatory control of ...
read full comment

QUOTE

SETH TERKPER told Joy Business news Tuesday as follows:

“The Governor of Bank of Ghana and his team are already preparing some legislation that would go to Parliament to strengthen their regulatory control of the currency.”

UNQUOTE.

MY TAKE:

NONSENSE!!

WHAT SORT OF JSS CLASS ONE COMMENT IS SETH TERKPER MAKING HERE?

HEI TERKPER!! IF WISHES WERE HORSES, BEGGERS MIGHT RIDE.

"BLANKET" LEGISLATION TO REGULATE THE PERFORMANCE OF A FREE MARKET ECONOMIC SYSTEM LIKE GHANA'S DOES NOTHING TO KICKSTART SUSTAINABLE GROWTH TRAJECTORY IN GHANA.

HEI SETH, THE COMMON SENSE APPROACH TO LONG-TERM SUSTAINABLE GROWTH IN A FREE MARKET ECONOMY LIKE GHANA'S IS TO CREATE THE CONDITIONS FOR SELF-REGULATORY ECONOMIC PRACTICES, PERIOD.

NOW, LET'S GET DOWN TO BASIC JSS ECONOMICS COMMON SENSE AS FOLLOWS:

1. STOP IMPOSING TAXES, UTILITY TARIFFS, IMPORT DUTIES AND FUEL PRICE HIKES WILLY-NILLY OSTENSIBLY TO GENERATE GOV'T TAX REVENUE.

YOU LIE BAD!!! WHICH TAX REVENUE GENERATION STRATEGY IS THAT?
TELL ME, SETH!!!

SETH, KNOW THAT WHEN YOU HIKE TAXES, TARIFFS, IMPORT DUTIES, FUEL PRICES ETC, YOU TAKE TOO MUCH SPENDING MONEY OUT OF PEOPLES' "POCKETS", THIS LOWERS THEIR CONTINUED "SPENDING POWER" AND ALSO REDUCES CONSUMER CONFIDENCE IN THE ECONOMY.

WHEN PEOPLE GO BROKE PAYING TOO MUCH TAXES AND TARIFFS, THEY REDUCE THEIR SHOPPING TRIPS TO WHAT YOU CALL "ACCRA MALL".

SALES AT ACCRA MALL WILL ALSO PLUMMET, SO THE MAKOLA WOMAN WILL NOT MAKE ENOUGH SALES CASH TO INCREASE HER INVENTORIES.

THIS CERTAINLY DOES NOT DIVERSIFY TAX REVENUE GENERATION.

PRICES, TAXES AND TARIFFS HIKES ALSO DEPRECIATES THE CEDI BY REDUCING DEMAND FOR THE "WORTHLESS" CEDI AND ENCOURAGES CONVERTIBLE CURRENCIES HOLDINGS OR HOARDING, IF YOU LIKE.

THIS ENCOURAGES PANIC BUYING AND HOARDING OF THE CONVERTIBLE CURRENCIES FOR IMPORTING RAW MATERIALS, IN ANTICIPATION OF BETTER ECONOMIC TIMES AHEAD, PARTICULARLY WHEN YOUR GOVERNMENT'S ARSE IS KICKED OFF ITS PERCH IN 2016.

THIS PUTS A BREAK ON WHAT IS CALLED "CIRCULAR FLOW OF INCOMES OR LIQUIDITY" DUE TO A LACK OF TAX REVENUE GENERATION DIVERSIFICATION.

FOR INSTANCE, IF BEFORE THE FUEL PRICE HIKES, I WAS USED TO FILLING UP MY CAR'S FUEL TANK AND BURNING OFF ALL THE FUEL ON A WEEKLY BASIS, I WILL NOW REDUCE MY FUEL CONSUMPTION BY, SAY 50%, AND ALSO MAKE SURE MY FUEL LASTS 2 WEEKS OR MORE BY REDUCING VISITS TO MY HANGOUTS.

ULTIMATELY, WHO LOSES IN FUEL AND MY HANDOUTS SPENDING TAX REVENUES? GOVERNMENT!

A SIMILAR JSS ECONOMICS APPLIES TO ALL OTHER CONSUMER PRODUCTS AND BUSINESSES IN GENERAL.

STIFLED ECONOMIC GROWTH EQUALS LESS EMPLOYMENT AND LESS BUSINESS STARTUPS, WHICH EQUALS LESS BUSINESS LICENCE REVENUES AND TAX REVENUES.

INCOMES AND BUSINESS (SERVICE) TAX REVENUES FAR EXCEEDS CONSUMER TAX REVENUES BECAUSE GHANA DOES NOT HAVE EFFECTIVE MECHANISMS OR SYSTEMS FOR GENERATING CONSUMER TAX REVENUES.

CORRUPTION MAINLY ACCOUNTS FOR THIS, AND MAHAMA/POLITRICIANS ARE THE CHAMPIONS OF CORRUPTION IN GHANA!!

THAT'S WHY MANY PEOPLE EASILY GETS AWAY WITH CONSUMER TAXES. TAX EVASION IN GHANA IS VERY EASY BECAUSE OF GREASE MY PALM, I GREASE YOURS.

SOLUTION!

PAY DECENT SUSTAINABLE WAGES, AND WITH STRINGENT REGULATION, WELL TRAINES STAFF AND GOOD INFRASTRUCTURE MECHANISMS IN PLACE TO GENERATE TAXES, YOU'LL MAKE IT.

GHANA'S SUCCESSIVE POLITICIANS MUST LEARN TO PUT THEIR NATION'S MONEY WHERE ITS MOUTH IS.

CREATING, LOOTING AND SHARING JUDGMENT DEBTS PAYMENTS IS CERTAINLY NOT ONE OF THEM.

THIS, AND MANY MORE ANALOGIES STIFLES GROWTH IN FREE MARKET ECONOMIES LIKE GHANA'S, SO SETH, CONTINUE INCREASING TAXES, TARIFFS AND WHAT HAVE YOU IN GHANA, AND GHANAIANS WILL KICK YOUR ARSE HARD BEFORE YOU REALISE IT.

SETH TALKS LIKE A JSS ECONOMICS STUDENT.

THAT'S WHY MY ANALOGY IS BEASED ON JSS ECONOMICS, JUST TO MAKE THINGS EASY FOR SETH TERKPER TO EASILY COMPREHEND, PERIOD.

DE THERE, SETH!!!
Bend and Break 10 years ago

Mandela:" I know how to lead a people but have little knowledge on managing a country"..both leaders became presidents when their existing presidents died and rode on the sympathy votes ...well that is what sympathy gets you ...
read full comment

Mandela:" I know how to lead a people but have little knowledge on managing a country"..both leaders became presidents when their existing presidents died and rode on the sympathy votes ...well that is what sympathy gets you voters , sorry state of affairs !!
Asabea 10 years ago

If the editor and or owner of the al-hajj wants to be a president, he can start his campaign!

If the editor and or owner of the al-hajj wants to be a president, he can start his campaign!

Sinking Economies & Sleaze: Can Terkper save Mahama?

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (26)

Read Comments Comments (26)