Ghana’s Ghc56 billion debt not a problem if… - Economist

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SGT ANANI FIADZOE 10 years ago

Under the administration of the corrupt, deceitful, dishonest, liars,
loot and share, selfish and economical chaotic NDC led by Dramani Mahama, Ghana can never be progressed until these NDC thieves are kicked out to give way ...
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Under the administration of the corrupt, deceitful, dishonest, liars,
loot and share, selfish and economical chaotic NDC led by Dramani Mahama, Ghana can never be progressed until these NDC thieves are kicked out to give way for Nana Akuffo Addo and his
credible NPP politicians.
Akos 10 years ago

Mr. Professor, which Ghana do you live in? What infrastructure are you talking about?

Mr. Professor, which Ghana do you live in? What infrastructure are you talking about?
PRINCE KWASI ADADE 10 years ago

MAHAMA AND HIS CORRUPT NDC MUST TELL US WHAT EXACTLY THEY HAVE DONE WITH THE MASSIVE $20 BILLION THEY HAVE BORROWED IN JUST THE LAST 5 YEARS, IF HE IS SAYING,HE HAS NOT BORROWED FOR DRINK AND MERRY MAKING, WHICH MEANS CREATE, ...
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MAHAMA AND HIS CORRUPT NDC MUST TELL US WHAT EXACTLY THEY HAVE DONE WITH THE MASSIVE $20 BILLION THEY HAVE BORROWED IN JUST THE LAST 5 YEARS, IF HE IS SAYING,HE HAS NOT BORROWED FOR DRINK AND MERRY MAKING, WHICH MEANS CREATE, LOOT AND SHARE. HOW COULD YOU STEAL MONEY BELONGING TO THE POOR CHILDREN STRUGGLING TO FEND FOR THEMSELVES IN THE MIDDLE OF OUR STREETS, DRIVE PAST THEM AND HAVE A LAUGH???---- GHANAIANS MUST WAKE UP!! OUR FUTURE LOOKS BLEAK. WE CAN'T GO ON LIKE THIS. BAWUMIA HAS ADMONISHED NDC AS A PATRIOTIC CITIZEN BUT THEY WOULDN'T LISTEN. NDC HAS RATHER VOWED TO BORROW MORE TO PLUNGE GHANA INTO MASSIVE DEBT. HABA! NDC.
NKWASEAFO BI NTI GHANA IS SICK!!! THE CEDI HAS ALREADY DIVED DEEP DOWN!!!!!!!------ WE NEED NANA'S WISDOM. HIS LEADERSHIP WITH BAWUMIA IS EXCELLENT. NANA IS OUR POLITICAL MESSIAH!! WE WILL PATIENTLY WAIT FOR HIM TO COME AND LIBERATE US FROM OUR ECONOMIC OPPRESSORS. WE CAN'T PUT OUR TRUST IN THESE YOUNG NDC THIEVES (WITH NO WORK RECORD) WHO WANT TO LIVE LIKE KINGS OVERNIGHT, OWNING JETS, BIG MANSIONS, BANKS, ROLLS ROYCE, DATING MODELS ETC. AT THE EXPENSE OF THE POOR. BEING A PRESIDENT REQUIRES THE USE OF BRAIN NOT BRAWN. A PRESIDENT DOES NOT "THROW" PICK AXE!!! WHO CAN DO THE JOB BETTER THAN NANA, AT THIS TIME IN OUR HISTORY, WHERE GREEDY CORRUPT , SHARP TEETH ROTTEN PLANK NDC SMALL BOYS, PARADING AS POLITICIANS, HAVE PLUNDERED OUR RESOURCES TO THE BONE, THAT OUR OIL ECONOMY INHERITED FROM THE GREAT KUFFOUR HAS HAD NO IMPACT ON THE LIVES OF THE ORDINARY CITIZENS OF OUR COUNTRY???? LONG LIVE GHANA!! LONG LIVE NANA ADDO. MORE GREASE TO YOUR ELBOWS!! EVERY THIEF IN GHANA, TODAY, IS SCARED OF BOLD AND MIGHTY NANA ADDO. NANA IS CLEAN !! CLEAN TO THE BONE!!!
ZoRRo 10 years ago

Even the traders at Makola market with no economics training, know that sometimes it becomes necessary to borrow money. When the money is used wisely it bears fruit over and beyond the amount borrowed. However when the money ...
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Even the traders at Makola market with no economics training, know that sometimes it becomes necessary to borrow money. When the money is used wisely it bears fruit over and beyond the amount borrowed. However when the money is used foolishly then we have a serious problem. If the government uses the borrowed funds wisely then we will be fine, however if it is uses it foolishly then we will be paying for generations.
Jato Julor (J.J.) Rawlings 10 years ago

Lynch that agbadza-dancing bloke !

Did I hear that agbadza-dancing quarter-wit of an economist,John Gatsi,telling me and my fellow countrywo/men that contracting over $20 billion debt within a space of 6 years to chew chin ...
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Lynch that agbadza-dancing bloke !

Did I hear that agbadza-dancing quarter-wit of an economist,John Gatsi,telling me and my fellow countrywo/men that contracting over $20 billion debt within a space of 6 years to chew chin-chinga by John Mahama and his fellow NDC stealers is not a problem ?

Does he think that debt will be paid from the kickbacks that the NDC corrupt regime has been raking from their dubious contracts ?

Why are they in a hurry to pile massive debts on this generation and generations yet unborn ?

Which infrastructure can be listed by the govt as costing over $20 billion ?

May the gods of Ankobra River, Asuakawkaw River, Ayensu River ,Benchema River , Bia River , Birim River, Black Volta river, Daka river ,Dayi River ,Densu River, Edam river, Fia river, Jelem river, Kwasu river,Menu river, Mo River, Nasia River ,Nini River, Nuboi River ,Nworanae River ,Ofin River ,Ongwam river, Oti River, Oyoko river ,Pra River , Pru River, Pumpum River, Sanwu river, Sene River, Tano River, Tsatsadu River,Volta River , Wawa river,White Volta River ,Wurudu River,Lake Bosumtwi, Korle,Klottey,Kpeshie, Sakumono and Ada Foah Lagoons inflict the arses of these idiotic dunces mortgaging our future, with very very big pompors(boils) !
ALHAJI DUAH,ACCRA 10 years ago

All of Ghana's $ BILLIONS ARE with the EWES!.They have shared all the money/wealth of GHANA AND Tsikata & CO have formed an elite rapid response EWE force to defend them from any very bloody uprising which they sense is unavo ...
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All of Ghana's $ BILLIONS ARE with the EWES!.They have shared all the money/wealth of GHANA AND Tsikata & CO have formed an elite rapid response EWE force to defend them from any very bloody uprising which they sense is unavoidable in the future.
GHANA 10 years ago

LOANS ARE NOT BAD AS YOU SAID WHEN THE WE ARE SEEING WHERE IT HAS BEEN PUT TO

LOANS ARE NOT BAD AS YOU SAID WHEN THE WE ARE SEEING WHERE IT HAS BEEN PUT TO
KPENYIGBA KWESI 10 years ago

OH! No! that should not happen.God has blessed Ghana and Ghanaians, so we should not think of any evil things happening. I am surprised!!! What did the Ewes do with the $billions for there is no infrastructural development ov ...
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OH! No! that should not happen.God has blessed Ghana and Ghanaians, so we should not think of any evil things happening. I am surprised!!! What did the Ewes do with the $billions for there is no infrastructural development over there. Let us look around and see what evil things are happening// God is protecting us.Avoid tribalism for it kills more than malaria and aids.
insight to the bone 10 years ago

Yea though we walk through the valley of pepeni death we shall fear no ayigbe evil for the Lord stands by the children of Akan and Israel always . We shall forever remain blessed and despite the trials and tribulations served ...
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Yea though we walk through the valley of pepeni death we shall fear no ayigbe evil for the Lord stands by the children of Akan and Israel always . We shall forever remain blessed and despite the trials and tribulations served to us by this aboaba kwasea pepeni and murderous intent of the ayigbe we shall triumph. No matter what they do victory shall be ours for God has most certainly made them blind so they lack any wisdom and see no solutions . These pagan ungodly souls have lied and stolen from us on a daily basis but their days are surely numbered . Somebody quickly remind them i am still waiting in vain to be arrested or see the effects of their juju which they promised because we told our people to prepare for revolution and war . Today its clear the pepeni have armed themselves so we also begin to arm ourselves against these criminals, if you can not buy a licensed gun then make sure you sharpen your cutlasses well and keep them well polished and oiled . pepeni has appointed his incompetent criminal friends , family and tribesmen into various positions of state , little do they know that its not about building empty meaningless careers but they should know its a duty to serve the interests of the people and seek the well-being prosperity of all citizens regardless of stature , religious affiliation , ethnic background , age or gender . They plan and scheme to steal our oil and any wealth we are able to create. they work to systematically destroy even the basic family unit by try to thrush down our throats perverse gay homosexual values as being the ideal .They do not see the beauty of the unity in diversity of the various tribes of Akan rather they encourage and facilitate conflict amongst ourselves but it will not work as our people are now more sophisticated than that as no one is blind to their divide and rule tactics except the few idiots who think they build a political career in the oligarchy which has now crossed over into all parties . Be strong and vigilant oh children of Akan as our day draws nigh . long live the republic of Akan
GHANA 10 years ago

LOANS ARE GOOD NEWS

LOANS ARE GOOD NEWS
Wisdom 10 years ago

And America can proof with the loan what they've been able to achieve, Ghana on the other hand don't have anything substantial done with this loan, only politicians amassing the funds and payments to other people in the form ...
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And America can proof with the loan what they've been able to achieve, Ghana on the other hand don't have anything substantial done with this loan, only politicians amassing the funds and payments to other people in the form of judgment debts.
Ghanaman 10 years ago

Professor, please do not throw booklong-economic-theory-dust into the eyes of already blind Ghanaians!!What are the infrastructure being built ?

Professor, please do not throw booklong-economic-theory-dust into the eyes of already blind Ghanaians!!What are the infrastructure being built ?
PAPARAZZI 10 years ago

Childish talk what has his comment got to do with tribe,no wonderful the country is static.

Childish talk what has his comment got to do with tribe,no wonderful the country is static.
Nii Ayiteytsebi 10 years ago

It is time that you Ghanaians throw away your primitive minds of hatred and disrespect for certain people of high intelligence who are ready to help the public with the needed explanations and informations that the public nee ...
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It is time that you Ghanaians throw away your primitive minds of hatred and disrespect for certain people of high intelligence who are ready to help the public with the needed explanations and informations that the public need to understand and know, so that there could be peace among us without political and tribal emotions.

Frankly speaking there is fact in what the Professor is saying, even if you do not agree, you can bring your points out from the angle of economics in order to convince some of us to follow your visionary mind, which could have been the best way than to call the professor a ''naughty professor''.

Ghana is fed up with this kind of demonic approach of abusing people without knowing who they are to the solving of our economic problems.

Please Akos if you have interest in commenting on national issues then I will like you to come out clean with open hearted points so that the nation can learn from you.

We can help Ghana to grow, not the whiteman who is occupied with his nation's economic challenges. Lets be together to help our own nation.
NDC GUYS ARE THIEVES 10 years ago

From Kwame Nkrumah to president kuffour time was just 9 billion. from Atta mills to John mahama jump to 56 billion. thieves. yet ,there are no developments in Ghana. thieves

From Kwame Nkrumah to president kuffour time was just 9 billion. from Atta mills to John mahama jump to 56 billion. thieves. yet ,there are no developments in Ghana. thieves
KB,LONDON 10 years ago

Which of the government's investments would the learned professor point to as income generating projects? Akomfem or trees? There are no 'ifs' or 'buts'. The concerns of the citizenry is genuine;that government loans do not b ...
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Which of the government's investments would the learned professor point to as income generating projects? Akomfem or trees? There are no 'ifs' or 'buts'. The concerns of the citizenry is genuine;that government loans do not benefit the country in the long term because they are not used for infrastructural development. Even the UK has stoppped borrowing towards infrastrucutre development, as far back as 1992,but there are projects worth billions a year taking place through private-public partnerships(PPP). With PPP, the government is debt and risk free. Private sector provides financing for infrastructure development-not government. NDC government is using PPP to loot and share monies borrowed in the name of the country.
Patriot 10 years ago

This is a crock of dung. Coming from an intellectual, this is too opportunistic. Why is Gatsi selling his conscience for a pittance. Gatsi does not deserve to be a lecturer. A debt is a debt, and especially if it is a bad deb ...
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This is a crock of dung. Coming from an intellectual, this is too opportunistic. Why is Gatsi selling his conscience for a pittance. Gatsi does not deserve to be a lecturer. A debt is a debt, and especially if it is a bad debt as those being contracted by his NDC cohorts, no economic theory can make it right. Learn, brother, learn to be objective and stay away from the political stench being perpetrated by your NDC thieves.
Jerry, tadi. 10 years ago

I hope all 4 gentlemen could do away with ur insults anD address issues the way learned people engage in thoughts. not all debt/loans are used for income generating purposes(hope u have examples of such) some one sit and come ...
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I hope all 4 gentlemen could do away with ur insults anD address issues the way learned people engage in thoughts. not all debt/loans are used for income generating purposes(hope u have examples of such) some one sit and comes out with his/her write up, knowledge seeking is dynamic, as a nation we've illuded ourselves so much with our enthrenched political positions rather than realities where do we go from here, no single political party can ever change the fortunes of our great MOTHER GH. why aren't we pushing for a national development or common AGENDA!!! bcos of this same selfish, greed, corrupt bad leadership style of these same leaders some of us are serving /loving more than GOD!!!! HMMMMMMMM I'll pause here as l always say, GH. doesn't need GOD'S blessings as we always start with the national anthem, GOD should SAVE US!!!!!
UCC 10 years ago

Disgrace lecturer. What analysis are you making. NDC paymaster.

Disgrace lecturer. What analysis are you making. NDC paymaster.
kwabena osei 10 years ago

Mr Gatsi should have included the GEEDA, SUBA etc to the infrastructural development. It is a fact Mr Gatsi and like minded are so politically minded that they refuse to see what everybody is experiencing in Ghana.
Yes it is ...
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Mr Gatsi should have included the GEEDA, SUBA etc to the infrastructural development. It is a fact Mr Gatsi and like minded are so politically minded that they refuse to see what everybody is experiencing in Ghana.
Yes it is true loan are meant for infrastructural development but the question is "where are the development projects"? We only know of GEEDA, SUBA etc., which is headquartered in "JUBILEE" house.
Ko-minini. 10 years ago

"we didn't borrow to drink and party" we borrowed to breed akonf3m to feed you people. Our soup is going to taste good. just tighten your belt for now, be patient, the akonf3ms are growing.

"we didn't borrow to drink and party" we borrowed to breed akonf3m to feed you people. Our soup is going to taste good. just tighten your belt for now, be patient, the akonf3ms are growing.
DUKE 10 years ago

THE NDC AND JOHN MAHAMA HAVE TURNED THE FLAGSTAFF HOUSE INTO THE CORRUPTION HEADQUARTERS OF THE CONTINENT OF AFRICA. 56 BILLION BORROWED IN 6 YEARS AND ONLY FREE SCHOOL TEXTBOOKS, FREE UNIFORMS, SCHOOL UNDER TREES TO SHOW FOR ...
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THE NDC AND JOHN MAHAMA HAVE TURNED THE FLAGSTAFF HOUSE INTO THE CORRUPTION HEADQUARTERS OF THE CONTINENT OF AFRICA. 56 BILLION BORROWED IN 6 YEARS AND ONLY FREE SCHOOL TEXTBOOKS, FREE UNIFORMS, SCHOOL UNDER TREES TO SHOW FOR.

FOR THEM NO ONE SHOULD ASK QUESTIONS ABOUT GYEEDA, SUBAH, AKONFEM, TREE PLANTING, WATERVILLE, ISOFOTON, AA AUTOMOBILE, WOYOME, MERCHANT BANK AND THE RIPPING OFF OF GHANA THROUGH PARLIAMENT WITH EX GRATIA PAYMENTS, FREE HOUSING, FREE CARS, FREE EVERYTHING AND WHEN THEY GET VOTED OUT OF PARLIAMENT, TO PAY THEM AGAIN FOR IT.
Alex London 10 years ago

Economists are a bunch of professionals that if you were to put them together to discuss an ecomony issue they would never agree on anything. Do you remember the bible verse of economists. "All things being equal". All things ...
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Economists are a bunch of professionals that if you were to put them together to discuss an ecomony issue they would never agree on anything. Do you remember the bible verse of economists. "All things being equal". All things have never been equal. Therefore, when discussing economic issues common sense must prevail. What did I say; commonse sense. It should be not called common sense because not every body has it.
John Gatsi is saying that rising debt stock should not necessarily alarm Ghanaians only if it provides income generating infrastructure for the country. Do you really foresee any income generations in the medium and long term? The answer is no. That is why Ghanaians should be alarmed.
ADAM SOULE-MAN 10 years ago

THE PROBLEM IS THAT THE NDC HAS NOTHING TO SHOW FOR THE TOO MUCH DEBT AND MONEY BORROWED

THE PROBLEM IS THAT THE NDC HAS NOTHING TO SHOW FOR THE TOO MUCH DEBT AND MONEY BORROWED
zak 10 years ago

Well done Prof. This is the sort of explanations that we need to take the emotionS out of natioanl debt issues. Basically if you want to invets in capital items including infrastructure your options are to use your your rese ...
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Well done Prof. This is the sort of explanations that we need to take the emotionS out of natioanl debt issues. Basically if you want to invets in capital items including infrastructure your options are to use your your reserves, save for it , beg for foreign support or take out a loan. To save up will take years whsre as the roads, energy etc are needed now to support development. What we should be rightly concerned about is whether we can afford payments for the loan, whether it is used for its purpose,what pressure it will add to public funds.It is governemnet's job to imform us all the time about this but they are not doing it effectively . This is why we get all the mischief and misinformation.
Nana Yaw 10 years ago

If Dr. Bawumia and others express concern about excessive borrowing, it is basically because nobody is able to identify how the monies are being used. No infrastructure development and nothing special in terms of developmen ...
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If Dr. Bawumia and others express concern about excessive borrowing, it is basically because nobody is able to identify how the monies are being used. No infrastructure development and nothing special in terms of development.
Maxi 10 years ago

In fact this man who call him self lecturer or what ever should go back to school again course i think he is not qualify to be a dem lecturer , this what i always say, people like this use politics to blind the truth. this ma ...
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In fact this man who call him self lecturer or what ever should go back to school again course i think he is not qualify to be a dem lecturer , this what i always say, people like this use politics to blind the truth. this man dont know shit, THIS IS REALLY RIDICULOUS. DEM IT....
DeSpinola 10 years ago

But where is the infrastructural investment the NDC can point to the whole country as used for the size of the debt of 56 billion cedis

But where is the infrastructural investment the NDC can point to the whole country as used for the size of the debt of 56 billion cedis
EZEKIEL 10 years ago

WE WANT a breakdown of the Debt ...and not always saying ..it is FOR infra-structure!!
WHY ARE THEY (govt) AFRAID of a BREAKDOWN ?? Because monies went the "WRONG DIRECTIONS" most probably!!
Any Agency WILLING to help the ...
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WE WANT a breakdown of the Debt ...and not always saying ..it is FOR infra-structure!!
WHY ARE THEY (govt) AFRAID of a BREAKDOWN ?? Because monies went the "WRONG DIRECTIONS" most probably!!
Any Agency WILLING to help the Nation TRACE ILLEGAL MONIES in FOREIGN BANKS....???
EBEN 10 years ago

GATSI IS WRONG, GHANA'S GDP IS AN ESTIMATE. HOWEVER, GHANA'S DEBT IS A FACT. OUR GDP DOES NOT BELONG TO US, MAJORITY IS USUALLY PRODUCED BY FOREIGNERS. THE DEBT IS OUR DEBT. HOW CAN WE REPAY IT. THE DEBT ARE NOT BEING USED TO ...
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GATSI IS WRONG, GHANA'S GDP IS AN ESTIMATE. HOWEVER, GHANA'S DEBT IS A FACT. OUR GDP DOES NOT BELONG TO US, MAJORITY IS USUALLY PRODUCED BY FOREIGNERS. THE DEBT IS OUR DEBT. HOW CAN WE REPAY IT. THE DEBT ARE NOT BEING USED TO FINANCE INCOME GENERATING ACTIVITIES.
KWAA 10 years ago

The Government has already aquire the debt,but we see nothing for it.Just take a look at our infrustrature,our utilities, Hospitals.That is where the problem lies.So one is not wrong to ask where did the money go?Even Contrac ...
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The Government has already aquire the debt,but we see nothing for it.Just take a look at our infrustrature,our utilities, Hospitals.That is where the problem lies.So one is not wrong to ask where did the money go?Even Contractors are not being paid.
de 10 years ago

So much noise is being made about the country's growth pole. What is growth if it has little impact on the majority in the rural areas of the country. When everything that is good, nice and beautiful only is located in the na ...
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So much noise is being made about the country's growth pole. What is growth if it has little impact on the majority in the rural areas of the country. When everything that is good, nice and beautiful only is located in the national capital and few in other regional capitals. It really doesn't make any logical sense to keep borrowing heavily when very little is shown to justify the hefty loans.
JOE ATISO 10 years ago

IT'S INDEED A PROBLEM UNDER THE VISIONLESS AND CORRUPT MAHAMA AND HIS NATIONAL DEMONS CONGRESS (NDC)!!!!!!

IT'S INDEED A PROBLEM UNDER THE VISIONLESS AND CORRUPT MAHAMA AND HIS NATIONAL DEMONS CONGRESS (NDC)!!!!!!
Whatever 10 years ago

We need such thorough minded economist. Not the ignorant Bawumia type

We need such thorough minded economist. Not the ignorant Bawumia type
KOGYAM58 10 years ago

"An Economist and Lecturer at the University of Cape Coast Business School, John Gatsi, has argued that Ghana’s rising debt stock should not necessarily alarm Ghanaians only if it provides income generating infrastructure f ...
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"An Economist and Lecturer at the University of Cape Coast Business School, John Gatsi, has argued that Ghana’s rising debt stock should not necessarily alarm Ghanaians only if it provides income generating infrastructure for the country."
KK 10 years ago

Mr. Gatsi tell Ghanaians the reality oooo

Mr. Gatsi tell Ghanaians the reality oooo
HAZOR 10 years ago

The economist should do Ghana a favor if the GHc56million debt is not a problem then he should take it upon himself and payed that debt.

The economist should do Ghana a favor if the GHc56million debt is not a problem then he should take it upon himself and payed that debt.
Ntiri Prosper 10 years ago

we said prof

we said prof

Ghana’s Ghc56 billion debt not a problem if… - Economist

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