We can’t borrow our way out of economic woes – Sakara

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Tijani 10 years ago

may be john will listen to you, john mahama is a disgrace to we the northners, i dont we deserve to rule the nation again

may be john will listen to you, john mahama is a disgrace to we the northners, i dont we deserve to rule the nation again
Frank Agyena-Karikari 10 years ago

John should simply move away from the single spine thing. There are many squared pegs in round holes. We are just borrowing too much. Will John listen

John should simply move away from the single spine thing. There are many squared pegs in round holes. We are just borrowing too much. Will John listen
Cynthia 10 years ago

Foster , don't foist your wishful thinking on Mahama. He is doing what I voted for.Come next election, I will forget my problems and give him 4more years.I am the typical Ghanaian.

Foster , don't foist your wishful thinking on Mahama. He is doing what I voted for.Come next election, I will forget my problems and give him 4more years.I am the typical Ghanaian.
CARDINAL 10 years ago

I wrote an article about the number of public workers being too many and suggested a 50% reduction by making some of the agencies private enterprises but the government wants to keep a stranglehold on these agencies to justif ...
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I wrote an article about the number of public workers being too many and suggested a 50% reduction by making some of the agencies private enterprises but the government wants to keep a stranglehold on these agencies to justify the 30 or so ministries.

USA with about 350 million is managed by only 12 Ministries and betterly ran.

We even have more than 650 Presidential staff like a country with 25 million people. There shouldn't be more than 150 People working at the Presidency.
Patriot 10 years ago

Mahama has created more appointments than any other government in our history. His government is the government which has acquired the biggest loans both foreign and domestic in the history of Ghana. His government has coplia ...
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Mahama has created more appointments than any other government in our history. His government is the government which has acquired the biggest loans both foreign and domestic in the history of Ghana. His government has coplianed most about the higher percentage of our income going into public workers wage , but still continue to make appointments. Whilst he still has more appointments to make ( note that some DCEs have still not been appointed), he is finding it difficult to pay our workers. What a government!!!
Jojo 10 years ago

The Abu Sakarras are the type of people we need in government to manage our economy. As long as we put square pegs in round holes no amount of praying will save our cedi from falling. Just borrowing and taxing the people mor ...
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The Abu Sakarras are the type of people we need in government to manage our economy. As long as we put square pegs in round holes no amount of praying will save our cedi from falling. Just borrowing and taxing the people more and more will only make our economic plight worse in the long term. Tekpe should change gear or we will continue to suffer.
THE SOLUTION MASTER 10 years ago

Military tolerant dictator I.K Acheampong managed the nation without loans with minute inflation and a strong currency $1 = 2.75 cedis at the end.

No stolen monies to foreign banks were heared of after his reign.

Military tolerant dictator I.K Acheampong managed the nation without loans with minute inflation and a strong currency $1 = 2.75 cedis at the end.

No stolen monies to foreign banks were heared of after his reign.
Akans Prophecies 10 years ago

This was his strong vision for Ghana -- The self - Reliance that brought him jealousy among the west world to opinate him with their embargoes to denigrate Ghana's economy. When all failed they used the isrealian's agents The ...
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This was his strong vision for Ghana -- The self - Reliance that brought him jealousy among the west world to opinate him with their embargoes to denigrate Ghana's economy. When all failed they used the isrealian's agents The Mossad to contact rawlings, of polish Jewish origin ,although his farther a naturalised Scottish, with mercenaries to reverse the Supreme Military
KOLA, INSIDE LONDON 10 years ago

I have some respect for Abu Sakara but on this issue I think he lost his economic thinking brain along the way.

First, every country or economy thrives on borrowing. The main problem facing our economy is not the borrowing ...
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I have some respect for Abu Sakara but on this issue I think he lost his economic thinking brain along the way.

First, every country or economy thrives on borrowing. The main problem facing our economy is not the borrowing but how the loan is used to recover the initial capital amount plus the interest on it.It is not prudent to run an economy on a budget surplus so therefore borrowing is justified in this sense.

As we borrow, some politicians in the past found a way to sell for instance our drill ship and squandered the money a mysterious way yet to be explained.

As we borrow, it should also occur to Ghanaians that corruption should be uprooted and this is exactly what JDM is doing.All those corrupt officials who got involved to nearly collapse GNPC as selling a whole drill ship without understanding the legalities attached should not have been given the authority to go ahead as we have found they were not educated to understand the law.

We need to grill Mr Kuffuor amd that KT Hammond and co.
Akans Prophecies 10 years ago

Save our souls, London. D'ont tell me Woyome didn't receive 51million for work not done with fraud! What about Gyeeda ,Merchant banks etc....We don't borrow when, we are already drunk, we seek for solutions and that is where ...
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Save our souls, London. D'ont tell me Woyome didn't receive 51million for work not done with fraud! What about Gyeeda ,Merchant banks etc....We don't borrow when, we are already drunk, we seek for solutions and that is where the technocrats reveal their wisdom! Mahama borrows to maintain his traders and leave Ghanaians to bare his frustrations! Your unborned son already owns 30,000ghc! Satisfied !
CARDINAL 10 years ago

You are a dumb illiterate to say that it is not prudent to run an economy with a budget surplus. It is the wish of evey country to have a budget surplus. What kind of a country wants to run a country by always borrowing by ru ...
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You are a dumb illiterate to say that it is not prudent to run an economy with a budget surplus. It is the wish of evey country to have a budget surplus. What kind of a country wants to run a country by always borrowing by running a country with a deficit budget?

I bet you failed your teacher training economics if you did study one with such an illiteracy understanding of budgetary economics.
Frank Awuku 10 years ago

You are a fool and your understanding of this issue is nil and pathetic. Countries borrow when it is necessary and not every country borrows ala China. No country will borrow if they can self finance. Who even told you it's ...
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You are a fool and your understanding of this issue is nil and pathetic. Countries borrow when it is necessary and not every country borrows ala China. No country will borrow if they can self finance. Who even told you it's not prudent to run a budget surplus? I can believe any educated economist will say such a dumb thing but you are not too bright anyway.
Measure by measure 10 years ago

Why do you respond to an illiterate without brains? Didn't you recognize his grammer or he's polished it up a bit? I don't bother reading his posts because of his bad English and stupidity.

Why do you respond to an illiterate without brains? Didn't you recognize his grammer or he's polished it up a bit? I don't bother reading his posts because of his bad English and stupidity.
Pelicles 10 years ago

How do you make ends meet? With credit cards and how do you pay them? By the way, if the drill came into mind, what about Woyome, Sada, Isofoton, Gyeeda, Subha and the rest?

Gen. Acheampong never borrowed a pesewa but wa ...
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How do you make ends meet? With credit cards and how do you pay them? By the way, if the drill came into mind, what about Woyome, Sada, Isofoton, Gyeeda, Subha and the rest?

Gen. Acheampong never borrowed a pesewa but was able to run Ghana and here we are with the so-called "brains" yet, we are borrowing our way out as we have no tomorrow. Commonsense is missing.
KWAA 10 years ago

It seems this Government has the habit of spending money,they don`t have.They are relying on the oil,forgetting Companies who invested their funds will try to get their money back,before Ghana can profit from it.And this can ...
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It seems this Government has the habit of spending money,they don`t have.They are relying on the oil,forgetting Companies who invested their funds will try to get their money back,before Ghana can profit from it.And this can take years.So they keep on borrowing,and the worst thing about the loans are, they are being spent at wrong places.That is why nobody seems to know what Government has done with about Ten Billion Dolloars,they have so far borrowed.
ZIGZAG 10 years ago

He is the reason I support CPP not the glamour of Samia. We need leaders who can deal with our problems not windowdress them.

He is the reason I support CPP not the glamour of Samia. We need leaders who can deal with our problems not windowdress them.
dan 10 years ago

OBAMA IN HIS 1ST TERM TOOK A STIMULSE
PKG OF BILIONS TO BORROW THE USA OUT
OF CRISSES ,JAPAN ALSO DIDI IT YOU CAN AND SHULD BORROW YOUR WAY OUT OF DEBT BY RESTRUCTURING THE DEBT WITH LAW INTREST RATES AND RESPONSIBLE PAYING ...
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OBAMA IN HIS 1ST TERM TOOK A STIMULSE
PKG OF BILIONS TO BORROW THE USA OUT
OF CRISSES ,JAPAN ALSO DIDI IT YOU CAN AND SHULD BORROW YOUR WAY OUT OF DEBT BY RESTRUCTURING THE DEBT WITH LAW INTREST RATES AND RESPONSIBLE PAYING BACK PLAN FROM OUR PETRO REVINUES ETC
Kilicoco 10 years ago

From his article he said " if we never invest in areas of growth that will generate sufficient income to keep up with rising costs of living We must end the habit of taking loans just to survive”.
The USA has many investme ...
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From his article he said " if we never invest in areas of growth that will generate sufficient income to keep up with rising costs of living We must end the habit of taking loans just to survive”.
The USA has many investment they knew could take them out of borrowing as well as Japan. Can we say the same to Ghana, What investment does Ghana have to take us out from borrowing. So please stop comparing Ghana to well develop countries.
A good business person knowing what they have can borrow but with no solution you cant just go about borrowing to pay workers and over due allowance. How will you benefit from that. Let us realistic and stop party issues.
dan 10 years ago

invest the money wisly in our petro and gaz fields and moderenise our ports and roads that are now choked
and commerce is not moving freely so borrowing in order to get out of debt can work if we have the right leadership m ...
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invest the money wisly in our petro and gaz fields and moderenise our ports and roads that are now choked
and commerce is not moving freely so borrowing in order to get out of debt can work if we have the right leadership making wise calls and monetering the money and investments
IF THERE IS A WILL THERE IS AWAY OR AS MARTIN LUTHER KING SAID DONT BE SCARED TO TAKE THE 1ST STEPS EVEN IF YOU CANT SEE THE STEPS ON THE STAERCASE
Measure by measure 10 years ago

gyimii gyimii; wabon s3 totobi

gyimii gyimii; wabon s3 totobi
MENSAH 10 years ago

If our deficits keep compounding,that shows MAHAMA has no comprehensive,strategic plans in defraying the cost or address the situation.
Our CEDI cannot detect to dodge the blows being thrown by THE ALMIGHTY DOLLAR.So the blo ...
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If our deficits keep compounding,that shows MAHAMA has no comprehensive,strategic plans in defraying the cost or address the situation.
Our CEDI cannot detect to dodge the blows being thrown by THE ALMIGHTY DOLLAR.So the blows are hitting our CEDI from different angles,without any strategy to cover them or dodge.
Hence,our woe.
NDC DOESN'T KNOW WHAT TO DO TO COME OUT OF THIS PRESSURE BEING MOUNTED BY THE ALMIGHTY DOLLAR.
We are not AMERICA OR JAPAN.
They have the brainy guys to work something smart,strategically and comprehensively,to address the situation,our economists lack.
THE DIFFERENCE,MAKES THE DOE(MONEY,PAY,REWARD) AND NOT SAMENESS.
SAMENESS,MERELY BRINGS COMFORT.
Frank Agyena-Karikari 10 years ago

Obama borrowed from the state treasury. Ghana is borrowing foolishly to pay party executives, MPs and appointees. Obama's borrowing revived the economy. What about Ghana?

Obama borrowed from the state treasury. Ghana is borrowing foolishly to pay party executives, MPs and appointees. Obama's borrowing revived the economy. What about Ghana?
Kilicoco 10 years ago

Ghana has no state money to borrow from. So going about borrowing to pay for workers and MPs will work. We need a working solution to take our country back. I am so disappointed in what is going on.

Ghana has no state money to borrow from. So going about borrowing to pay for workers and MPs will work. We need a working solution to take our country back. I am so disappointed in what is going on.
OKOE 10 years ago

THE COMMITTEE THAT SUGGESTED THIS SINGLE PAY STRUCTURE MUST ADVISE THE GOVERNMENT HOW THEY EXPECT THE NATION TO PAY FOR IT AND IMPLEMENT DEVELOPMENT PROJECTS. WE NEED SOLUTION TO THE BURDEN OF SPENDING 70% OF GDP FOR SALARIES ...
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THE COMMITTEE THAT SUGGESTED THIS SINGLE PAY STRUCTURE MUST ADVISE THE GOVERNMENT HOW THEY EXPECT THE NATION TO PAY FOR IT AND IMPLEMENT DEVELOPMENT PROJECTS. WE NEED SOLUTION TO THE BURDEN OF SPENDING 70% OF GDP FOR SALARIES. MR. PRESIDENT, AS A MATTER OF PRIORITY, INVITE THESE MEMBERS OF THE SINGLE SPINE COMMITTEE TO ADVISE HOW TO PAY FOR THEIR REPORT. WE ARE AT THE CROSS ROADS AND SOLUTION TO THIS INBALANCE TO THE ECONOMY MUST BE FOUND AND THE SOONER, THE BETTER.
Kwaku Gloenawo 10 years ago

It is absolutely foolish for the state to refuse to pay for services rendered to it and yet use the taxes it collects to prospect with new initiatives that end up enriching its cohorts.
When contractors are paid, they spend ...
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It is absolutely foolish for the state to refuse to pay for services rendered to it and yet use the taxes it collects to prospect with new initiatives that end up enriching its cohorts.
When contractors are paid, they spend the money in Ghana, when you pay people in advance they ship the money out and render no service then you come back to ask the Attorney general to waste tax payers money to chase them.Agambire and Agyekum are typical examples. Zoomlion never finished collecting waste in Ghana but he is off to Liberia with the Ghanaian taxpayers money. Agambire is now in Dubal bringing investors into the oil industry. Why do you think Mahama went on holidays in Dubai?
kwabena ohemeng,london 10 years ago

What do you expect when NDC and NPP governments are dictated to by the IMF and the World Bank- institutions whose policies have compounded the economic problems of developing nations including Ghana?Ghanaians should expect mo ...
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What do you expect when NDC and NPP governments are dictated to by the IMF and the World Bank- institutions whose policies have compounded the economic problems of developing nations including Ghana?Ghanaians should expect more economic woes if these two parties keep ruling the nation.They have no economic policies of their own to solve the nation's seemingly insoluble economic problems.It is the IMF and the World Bank taking economic decisions for thm;decisions which are devastating the economy and impoverishing Ghanaians everyday.
blackstar 10 years ago

Charlie you are spot on.

Charlie you are spot on.
K.M. 10 years ago

The abundant lessons of the past, the economic tragedy and human suffering we endured, when we heeded the "expert" advice of the IMF/WB, should be our guide to the future.

The abundant lessons of the past, the economic tragedy and human suffering we endured, when we heeded the "expert" advice of the IMF/WB, should be our guide to the future.
HABLUTA SENYO 10 years ago

NO NATION CAN SURVIVE BY BORROWING THAT IS PAST ECONOMIC POLICY DESIGN FOR AFRICA NATIONS BY THE WESTERN NATIONS
MORE AFRICA BORROWS MORE BILLIONS OF PROFITS THEY MAKE.AFRICA NEED TO MAKE A POLICY CHANGE FOR BETTER FUTURE.TH ...
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NO NATION CAN SURVIVE BY BORROWING THAT IS PAST ECONOMIC POLICY DESIGN FOR AFRICA NATIONS BY THE WESTERN NATIONS
MORE AFRICA BORROWS MORE BILLIONS OF PROFITS THEY MAKE.AFRICA NEED TO MAKE A POLICY CHANGE FOR BETTER FUTURE.THE WESTERN ECONOMY POLICY NO MORE RELEVANT IN THIS 21ST CENTURY
KnYc(USMC) 10 years ago

How can you spend 70% of your revenue on wages, than what is left for developments? The size of government is too big. We should be spending only 10% on revenue on wages which is even too big, and the rest on development, whi ...
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How can you spend 70% of your revenue on wages, than what is left for developments? The size of government is too big. We should be spending only 10% on revenue on wages which is even too big, and the rest on development, which will create privative sector JOBS in turn gov't get some revenue back through Taxes. This is economics 101 not Chew and pour economics.
HABLUTA SENYO 10 years ago

I HAVE THE REVOLUTION IDEA TO END THAT BULLSHIT
WE CALL IT WHITE MAN 21ST CENTURY SLAVERY IMPOSE ON

I HAVE THE REVOLUTION IDEA TO END THAT BULLSHIT
WE CALL IT WHITE MAN 21ST CENTURY SLAVERY IMPOSE ON
Akoraba 10 years ago

Is Dr. Sakara an agricultural economist or he is an agronomist? There is difference between the two. When he was running for the presidency, he was referred to as an agronomist; now you are saying he is an agricultural econom ...
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Is Dr. Sakara an agricultural economist or he is an agronomist? There is difference between the two. When he was running for the presidency, he was referred to as an agronomist; now you are saying he is an agricultural economist. Which is which?
kOBENA KOBENA 10 years ago

Does it make any difference whether he is Agronomist or Agricultural Economist? The Chinese have a proverb which states that, " it does not matter whether a cat is black or white as long as it can catch mice".

The articl ...
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Does it make any difference whether he is Agronomist or Agricultural Economist? The Chinese have a proverb which states that, " it does not matter whether a cat is black or white as long as it can catch mice".

The article is very good!
KUTRIKU 10 years ago

THE GOV'T MUST STOP THIS IDEA OF " JOBS FOR THE BOYS" WHERE PARTY "FOOL SOLDIERS" ARE GIVEN POSTS AND PAID USING THE STATES' SCARCE FUNDS. 95 MINISTERS: ARE WE JOKING? STOP THE CORRUPTION ENCOURAGE PRIVATE SECTOR GROWTH AND S ...
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THE GOV'T MUST STOP THIS IDEA OF " JOBS FOR THE BOYS" WHERE PARTY "FOOL SOLDIERS" ARE GIVEN POSTS AND PAID USING THE STATES' SCARCE FUNDS. 95 MINISTERS: ARE WE JOKING? STOP THE CORRUPTION ENCOURAGE PRIVATE SECTOR GROWTH AND STOP MISUSE OF GOV'T FUNDS
Johnny USA 10 years ago

PLEASE CANT SOME OF YOU GO FORWARD TO THE PRESIDENCY TO GIVE ADVICE.? PREZ. MAHAMA WILL SURELY LISTEN IF YOU GUYS IF HAVE GOOD ADVISES. NPP IS SABOTAGING THE COUNTRY. NPP GURUS HOLD GHANA ECONOMY BY HAVING THOSE BIG STORES AN ...
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PLEASE CANT SOME OF YOU GO FORWARD TO THE PRESIDENCY TO GIVE ADVICE.? PREZ. MAHAMA WILL SURELY LISTEN IF YOU GUYS IF HAVE GOOD ADVISES. NPP IS SABOTAGING THE COUNTRY. NPP GURUS HOLD GHANA ECONOMY BY HAVING THOSE BIG STORES AND EVEN SPARE PARTS STORES IN GHANA.EVEN MOST OF THE HOTELS IN GHANA.MOST GHANA HOTEL ROOMS PER A DAY ARE EXPENSIVE THAN IN THE US.
K.M. 10 years ago

The devil is in the details, as the saying goes. Is Dr Forster confusing the over-bloated NDC administration with the state sector as a whole? Is he advocating immediate terminations in the state sector in a country without a ...
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The devil is in the details, as the saying goes. Is Dr Forster confusing the over-bloated NDC administration with the state sector as a whole? Is he advocating immediate terminations in the state sector in a country without any safety net such as unemployment insurance, food stamps, and job search assistance? We’ve been there before and never recovered!
The areas to be trimmed outright are the NDC administration – starting with the Presidency and the Cabinet - and any other affiliated positions that were created by the current government. The Mahama administration must abolish the post of Deputy Minister. Principal Secretaries at the various Ministries should substitute when Ministers are unavailable. These Secretaries are the ones who do the actual work of the Ministers anyway! Then the government must heed the public outcry over the unnecessary appointments at the Presidency. There should be only one Minister without portfolio at the Presidency, if at all. Likewise, just one Communications Director or Spokesperson. No need for a Nunoo-Mensah at 80 years old and a so-called "Human Security Coordinator" (whatever that means!) when we have a National Security Coordinator. All newly-created party patronage positions must be abolished. With regard to the Civil Service, the government must use attrition to reduce the workforce – no replacement hiring once the current employee retires or resigns. But no IMF/WB-style immediate terminations.
We are in our current position largely because of the implementation of the toxic prescriptions of the IMF/WB. We took their advice and destroyed all the industrial enterprises Nkrumah bequeathed us. This is the number one cause of unemployment and reduced productivity which fuels our deficit. We import toothpicks and used bras and underwear when we were on our way to much import substitution through production during the Nkrumah era 50 years ago! The only jobs we create now are patronage jobs – “jobs for the boys”: Boards, Authorities, Agencies and what have you, packed with party cronies, relatives, girlfriends etc.

Ghana must cut out the corruption, reduce the bloated government administration, streamline the Civil Service, use national earnings for real job creation (jobs that produce something), and, above all, stay away from the IMF and World Bank!
WACHAAKAH 10 years ago

ONE PARTY SYSTEM IS THE WAY FORWARD.EVERY POLITICAL PARTY AROUND THE WORLD RELY ON SHORT-TERM PROJECTS TO GAIN RE-ELECTION,HENCE THE DEPENDENCY ON LOANS FOR QUICK GOALS.WE HAVE TO GO BACK TO BASICS AND PLAN AN ECONOMIC AND ...
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ONE PARTY SYSTEM IS THE WAY FORWARD.EVERY POLITICAL PARTY AROUND THE WORLD RELY ON SHORT-TERM PROJECTS TO GAIN RE-ELECTION,HENCE THE DEPENDENCY ON LOANS FOR QUICK GOALS.WE HAVE TO GO BACK TO BASICS AND PLAN AN ECONOMIC AND POLITICAL STRUCTURAL POLICIES FOR GHANA AND NOT COPY BLINDLY ANYTHING THE WEST DOES.
ADABRAKA 10 years ago

On the IEA debate, Dr Sakara won the debate cos he gave credible illustrations of solving some part of Ghana's problems. Party politics; NDC/ NPP tearing Gh apart. Damn these two and think Gh.

On the IEA debate, Dr Sakara won the debate cos he gave credible illustrations of solving some part of Ghana's problems. Party politics; NDC/ NPP tearing Gh apart. Damn these two and think Gh.
DUKE 10 years ago

The NDC under Mahama has demonstrated that the out of college inexperienced boys and girls posing as ministers are not the right calibre of people to run and manage any country, and ghana especially.

They have failed to de ...
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The NDC under Mahama has demonstrated that the out of college inexperienced boys and girls posing as ministers are not the right calibre of people to run and manage any country, and ghana especially.

They have failed to deliver after almost 6 years. Their obsession is not fixing the economy and the better ghana agenda. Their obsession is propaganda against the opposition NPP, blaming them for their incompetence which has resulted in the farcical woyome, waterville, isofoton, cp partners, subah, gyeeda, akonfem, fake tree planting projects, and now merchant bank which have all been found to be tools used to plan loot and share ghana's meagre resources for development.

Anyone constructively criticising the government, according to their propaganda is a nation wrecker and the ones who are siphoning the country's money are getting away with murder.

TIME FOR THE MILITARY TO STEP IN ONE MORE TIME AND DEAL WITH THE ROT. AT LEAST WE KNOW WE WILL BE TAKING A STEP BACKWARDS. THAT IS BETTER THAN THE LOOTING BRIGADE OF KUMBOUR, ABLAKWA, FIFI, IDDRISU,MAHAMA AND CO.
EZEKIEL 10 years ago

I second you,Duke! Where is the NEXT Corporal to take the Lead???

I second you,Duke! Where is the NEXT Corporal to take the Lead???
OKOFO 10 years ago

Dr Sakara in his article recognised that Ghanaians are facing economic hardship. Despite this he is appealing to the government to reduce the size of public workers. My question is even being in employment the workers are suf ...
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Dr Sakara in his article recognised that Ghanaians are facing economic hardship. Despite this he is appealing to the government to reduce the size of public workers. My question is even being in employment the workers are suffering. What will happen to them after they have been sacked? Dr Sakara should come again bse the IMF policy of dealing with economic crisis is not the way forward for the state of our economic problems now.
CARDINAL 10 years ago

I don't think Dr Sakara is calling for sacking of government workers. Rather some of the agencies ran by government can be privatized. Can you imagine Ghana Telecom still under government control running a deficit every year ...
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I don't think Dr Sakara is calling for sacking of government workers. Rather some of the agencies ran by government can be privatized. Can you imagine Ghana Telecom still under government control running a deficit every year with more than 6000 workers? .GT if still under government control would have added about 250 million dollars to government expenses. What about Ghana Airways that was losing money every year?

Government can cut its expenses down by privatizing some agencies and reducing the 30 Ministries to about 15.
Concerned 10 years ago

Productivity is a problem in Ghana and we all know your file will be put in a tray until you cough up some money.intentionally wasting your time. sakara did compare the ratio of public workers to the population and i think ...
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Productivity is a problem in Ghana and we all know your file will be put in a tray until you cough up some money.intentionally wasting your time. sakara did compare the ratio of public workers to the population and i think that is a strong hint that he wants them sacked. merely privatising the problem will not remove the inefficiencies from the economy even though the type of institutions you mentioned clearly have benefited
ZIGZAG 10 years ago

REDUCE THE SEIZE OG GOVERNMENT AND ITS SPENDING!

REDUCE THE SEIZE OG GOVERNMENT AND ITS SPENDING!
WACHAAKAH 10 years ago

IMF AND WORLD BANK WE CERTAINLY DO NOT NEED THEM IN GHANA.

IMF AND WORLD BANK WE CERTAINLY DO NOT NEED THEM IN GHANA.
KnYc(USMC) 10 years ago

Anything under government is a waste. Many of government workers don't do noting and that is a fact. Weather is in US or Ghana they are all the same.

Anything under government is a waste. Many of government workers don't do noting and that is a fact. Weather is in US or Ghana they are all the same.
Akans Prophecies 10 years ago

There are never scarcities of better Ghanaian politicians. Dr. Sakawa is my president. He is handsome ,well educated and brilliant as a Ghanaian to administer this country. For those paranoids who uses tribalism as a conduct ...
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There are never scarcities of better Ghanaian politicians. Dr. Sakawa is my president. He is handsome ,well educated and brilliant as a Ghanaian to administer this country. For those paranoids who uses tribalism as a conduct to decieve fool soldiers, l am the very witness of every Ghanaian good citizen to dream to an aspiration of a better man as his president, whatever his tribe. Mahama is the opposite of this Northerner. In fact,he is a political hooligan, a danger to Ghana's peace and welfare. A combination of do and die concept inherited through a polish Jewish bastard, who has always hides behind others for his safety. I wish you well, Dr. Abu, Ghanaians are eager to have you as a true President!
KWABENA OHEMENG,LONDON 10 years ago

Ghanaians deserve the economic pains they are going through.Because of 'tribalitics' the very people who can solve the nation's problems are overlooked.There is nothing like meritocracy when it comes to politics in Ghana.It ...
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Ghanaians deserve the economic pains they are going through.Because of 'tribalitics' the very people who can solve the nation's problems are overlooked.There is nothing like meritocracy when it comes to politics in Ghana.It is really shameful!!!!
AHMED YACOB 10 years ago

When I listened to the Presidential debates in 2012, I told all my friends and even mentioned it again 3 days ago that Dr. Abu Sakara is very knowledgeable and seems to be good presidential material. I can not but continue to ...
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When I listened to the Presidential debates in 2012, I told all my friends and even mentioned it again 3 days ago that Dr. Abu Sakara is very knowledgeable and seems to be good presidential material. I can not but continue to like him. Ghanaians are so engrossed in this NPP/NDC shit.
Mobutu 10 years ago

CPP=NDC and NDC=CPP.

CPP=NDC and NDC=CPP.
nana mensah 10 years ago

You have said it all doc. Well done.

You have said it all doc. Well done.
MARTIN AMIDU 10 years ago

What a shame, people like you are sitting on the fence because NDC uses the propaganda machine to silence you... but trust me, they cannot silent the reality of economy... they will all be exposed and the consequence will be ...
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What a shame, people like you are sitting on the fence because NDC uses the propaganda machine to silence you... but trust me, they cannot silent the reality of economy... they will all be exposed and the consequence will be dire for the corrupt ones, also murderers like Rawlings will live to see their creation
Kofi 10 years ago

One of the good guys around. But will the government understand what you're telling them? When you have graduates of student politics running a country instead of those who really spent time studying in the universities, you ...
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One of the good guys around. But will the government understand what you're telling them? When you have graduates of student politics running a country instead of those who really spent time studying in the universities, you know where the country is heading.
SHOOTER 10 years ago

We can't borrow our way out of economic woes. Well, just see the P(NDC) do it from 1981 to 2000, and then from 2009 to present. They have the magic to borrow our way out of our economic woes. If they thought they couldn't bor ...
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We can't borrow our way out of economic woes. Well, just see the P(NDC) do it from 1981 to 2000, and then from 2009 to present. They have the magic to borrow our way out of our economic woes. If they thought they couldn't borrow our way out of our economic woes, they wouldn't spend 24 years doing it. They said the gear was in first gear and apparently it has been from 2009. Well, I guess from 1981 to 2000, they were looking for the ignition to start the car...lol, jokers.
SHOOTER 10 years ago

Title...WATCH NDC BORROW...

Title...WATCH NDC BORROW...
EZEKIEL 10 years ago

It Is NOT particularly correct if we keep on comparing Ghana's economy to that of USA.We HAVE to look for comparism though!!
Over the last 30+months the USA PUMPS some 85BILLION DOLLARS into the Economy EVERY MONTH!!!!! The ...
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It Is NOT particularly correct if we keep on comparing Ghana's economy to that of USA.We HAVE to look for comparism though!!
Over the last 30+months the USA PUMPS some 85BILLION DOLLARS into the Economy EVERY MONTH!!!!! The USA is Creditworthy STILL...don't ask what they OWE China...We in Ghana have to do our HOMEWORK FIRST....we hardly manufacture Anything,exporting ONLY RAW materials STILL but ADD ValueTax to what we IMPORT!!!!NONSENSE.
Just STARTING the SAME projects year after year and collecting 10% will not help us!!!!!!!
Are there ANY THINKING PEOPLE in the position of leadership in Ghana ????
Individuals are giving their BEST but there's NO DIRECTION from Govt.!
Nana Aba 10 years ago

People might find it hard to understand why I believe JEALOUSY as the genesis of most of our problems.

It is because of jealousy why the government has slapped high tariffs on cars and everything that arrives at the ports. ...
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People might find it hard to understand why I believe JEALOUSY as the genesis of most of our problems.

It is because of jealousy why the government has slapped high tariffs on cars and everything that arrives at the ports. When they tax so high under the guise that they are taxing the rich, that is jealousy. Ha ha ha, the rich merely passes on ALL the punitive taxes to the poor. And the government then slaps higher taxes on the "rich" so as to get the enough money to help the poor, and then the rich passes the tax on. So we have this vicious cycle of galloping taxes and galloping poverty.

Folks, this thing happened in the US before, so they STRONGLY resist taxes of all kinds.

Why is it jealousy? Well, listen to the commentators, the socialist ones like Kwesi Pratt always admonishing governments to widen the tax net and other coded words for "we need more tax revenue". What is the RATIONAL, RATIONALE, REASON, PRINCIPLE, SENSE, WISDOM etc.etc etc in taxing big cars like V8s soooo much? Oh, people will say " it is the car of the rich, and it gobbles so much of our petrol so lets tax it to punish those aburokyire people". But for what rhyme or reason do you tax it to such excess? If the government really believe they are bad for the economy, then the government should cease buying them for the ministries and ministers! But if they impose such unreasonably punitive taxes on the so-called poor, it is the very poor who suffer and will continue to suffer.
SENDERO 10 years ago

After 1974, Kutu was a big failure. Inflation was around 100% in 1977, we were queuing for food and the state owned enterprises were operating at about 30% capacity as we had no foreign exchange to import capital goods and al ...
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After 1974, Kutu was a big failure. Inflation was around 100% in 1977, we were queuing for food and the state owned enterprises were operating at about 30% capacity as we had no foreign exchange to import capital goods and also thanks to his silly Yentua policy no one would give us credit

Stop re-writing history!
Concerned 10 years ago

After the arab isreali was there was
a global recession which affected Ghana. We deliberately did not want to borrow to chop not that no one will give us credit. we obtained loans for capital projects like the first sat ...
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After the arab isreali was there was
a global recession which affected Ghana. We deliberately did not want to borrow to chop not that no one will give us credit. we obtained loans for capital projects like the first satellite station in Black africa
Vulcanizer 10 years ago

Where is Fifi Kwetey to prove Abu Sakara wrong on the back of e de bee k3k3, anokwa...hehehe. Eeehhh, wonders shall never end, so what happened to e de bee k3k3 according to Fifi kwetey and setting the reords straight and the ...
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Where is Fifi Kwetey to prove Abu Sakara wrong on the back of e de bee k3k3, anokwa...hehehe. Eeehhh, wonders shall never end, so what happened to e de bee k3k3 according to Fifi kwetey and setting the reords straight and the green book et al, hmmn.
Ajololo 10 years ago

You spend all your time visiting Flag Staff House looking for a job from John Mahama then come here to say what. You don't fool Ghanaians.

You spend all your time visiting Flag Staff House looking for a job from John Mahama then come here to say what. You don't fool Ghanaians.
Concerned 10 years ago

Even though the point he made is a good one, we don't hear enough of such good comments. During the presidential debate, he totally kept quite when corruption was raised and did not criticise the gov. you are right, he ...
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Even though the point he made is a good one, we don't hear enough of such good comments. During the presidential debate, he totally kept quite when corruption was raised and did not criticise the gov. you are right, he generally is a total waste of time
ANANSE 10 years ago

I have heard from the grapevine and if Sakara wanted Ministerial position he could have had it but he chose to support in voluntary advisory capacity when needed. Also you are one of the people who don't understand the real p ...
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I have heard from the grapevine and if Sakara wanted Ministerial position he could have had it but he chose to support in voluntary advisory capacity when needed. Also you are one of the people who don't understand the real poibt of this article. What sakara is saying is that pointing fingers and blaming each other will not solve the problem unless we undertake fundamental solutions together in a national development plan across administrations. Mahama has inherited a long standing problem that many people helped to create but he has to fix it. He can't do it alone so all of us should get together and agree a workable long term solution that changes the architecture of the economy.One government alone can not do that because the terms are too short. SO let us start thinking about solutions for Ghana that goes beyond our political parties. What is wrong with that. If you are in government it works to your advantage so take the opportunity and stop, the party turf fighting business. Important issues are at stake here than mere jobs.

We can’t borrow our way out of economic woes – Sakara

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