Gov’t sacks workers, for IMF bailout

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Good Governance 10 years ago

Y3ntie obiaaa

Y3ntie obiaaa
Gye Nyame 10 years ago

It would be wise to downsize on the public sector and restructure for Ghana to see some economic daylight. The astronomical increase in the public sector wages, with unmatched revenue mobilization is a definite recipe for di ...
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It would be wise to downsize on the public sector and restructure for Ghana to see some economic daylight. The astronomical increase in the public sector wages, with unmatched revenue mobilization is a definite recipe for disaster. With or without IMF bailout the government needs to do some house cleaning, the present situation in not sustainable.
insight to the bone 10 years ago

now that they have packed the ministries with their pepeni and ayigbe incompetent fools they can continue their anti Akan agenda and fire those loosers still working there as most were too stupid to speak up

now that they have packed the ministries with their pepeni and ayigbe incompetent fools they can continue their anti Akan agenda and fire those loosers still working there as most were too stupid to speak up
ELINAM 10 years ago

Is there a shadow govt that we can not see and feel whose authority supersedes that of the govt the ppl voted for or is it some stupidity going on.
Rwanda,Ethiopia,Kenya and Angola all doing very well with more of their ppl ...
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Is there a shadow govt that we can not see and feel whose authority supersedes that of the govt the ppl voted for or is it some stupidity going on.
Rwanda,Ethiopia,Kenya and Angola all doing very well with more of their ppl being employed thru self help. What's going on in Ghana?
Concerned citizen 10 years ago

Ask this question again! I don't think Mahama is in charge. He has lost control and left the economy to chance. Or has he been hypnotized?

Ask this question again! I don't think Mahama is in charge. He has lost control and left the economy to chance. Or has he been hypnotized?
DusTY-FooT-pHiloSophER 10 years ago

The International Monetary Fund (IMF) has clarified that it has not received any bailout proposal from the Ghana government.

This is in reaction to demands by the Trades Union Congress (TUC) for government to suspend moves ...
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The International Monetary Fund (IMF) has clarified that it has not received any bailout proposal from the Ghana government.

This is in reaction to demands by the Trades Union Congress (TUC) for government to suspend moves for an IMF bailout to help solve the country’s current economic challenges.

The Ghanaian economy for months has been hit by critical challenges including; rising inflation, continuous depreciation of the Cedis and government is still struggling to reduce the budget deficit which is now over twelve percent to GDP. Inflation currently stands at 14 .5 percent the highest since February 2010.

Since the beginning of 2014, the cedi has depreciated by over 20 percent against the major foreign currencies the US dollar, British Pound and the Euro.

According to the director of IMF’s Communications Department Gerry Rice, “the Ghanaian authorities have not requested a new program from the IMF. The Board, discussed the Article IV review on Ghana on May the 5th, and we will have a press release on that in due course.”

The IMF says it will continue to consult with all major stakeholders in Ghana in developing country-specific programs.

Speaking at the IMF’s bi-weekly briefing with the press in Washington, D.C on Thursday, Gerry Rice added that “the IMF consults with a wide range of stakeholders, and in particular the Ghana team has had meetings with the Trade Union during its visits to Accra to exchange views on the country’s outlook and challenges.”

The Finance Minister Seth Tekper earlier hinted that the country may seek an IMF cover if it becomes necessary to lessen the current fiscal challenges.

Early on, the Managing Director of the IMF, Christine Lagarde downplayed assertions that a bailout programme from them could see Ghana go through another phase of hardship while the country tries to meet its strict conditionality in order to restore fiscal discipline and macroeconomic stability.

Source: Citifmonline.com
They Say They Say 10 years ago

Too many people and ghost names on gov't payroll. Can't go on like this, ndc or npp. Ghana needs leaders with big balls to change things around without fear. All die be die, yeah?

Too many people and ghost names on gov't payroll. Can't go on like this, ndc or npp. Ghana needs leaders with big balls to change things around without fear. All die be die, yeah?
JOJO 10 years ago

it is true that VAT is 17.5 %. what country is this. no doubt standard of living keeps falling.

it is true that VAT is 17.5 %. what country is this. no doubt standard of living keeps falling.
Frank Dodam 10 years ago

The huge government payroll budget is not sustainable . No matter how the government tries , it is out of proportion .
What we have in Ghana as labour in the public sector is simply a drain on the national budget
Laziness, ...
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The huge government payroll budget is not sustainable . No matter how the government tries , it is out of proportion .
What we have in Ghana as labour in the public sector is simply a drain on the national budget
Laziness, absenteeism , idle time etc
Nobody can move this economy forward without downsizing the our quantum of our labour numbers
This is long overdue . We do not need IMF to lecture us about this . It is basic economics
The single spine has not helped matters. The strikes and agitations almost all the time does not increase productivity
When cost of labour goes up the demand for labour will fall .
The public sector workers need to be advised . You cannot eat your cake and still have it
WAKE UP GHANA AND SUPPORT PRESIDENT MAHAMA who seems to be ready to hold the bull by the horn
STOP AND THINK 10 years ago

MOST OF THE BOSSES IN PUBLIC SERVICE SHOULD BE ASKED TO LEAVE AND ENTER INTO PRIVATE COMMERCIAL FARMING WITH TECHNICAL ASSISTANCE FROM THE GOVERNMENT, AND TECHNICAL VOCATIONAL TRAINING TAKEN SERIOUSLY.

MOST OF THE BOSSES IN PUBLIC SERVICE SHOULD BE ASKED TO LEAVE AND ENTER INTO PRIVATE COMMERCIAL FARMING WITH TECHNICAL ASSISTANCE FROM THE GOVERNMENT, AND TECHNICAL VOCATIONAL TRAINING TAKEN SERIOUSLY.
SARPONG 10 years ago

In as much as I don't want anybody to lose their job or IMF dictating to Ghana, this should have been done a long time ago. A population of 24 million cannot support a government workforce of 700,000, an average of one govern ...
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In as much as I don't want anybody to lose their job or IMF dictating to Ghana, this should have been done a long time ago. A population of 24 million cannot support a government workforce of 700,000, an average of one government worker per 30 people while a country like USA has an average of one worker per 300 people.

My hope is that, this retrenchment will start from the top including Ministers. We should combine some ministries and we should not have more than 15 Ministries.

Every Ministry should have only one deputy Minister.

The Office of the President should cut the workforce from 700 people to 450

A constitutional amendment should be initiated to reduce members of Parliament from 275 to 200, eliminating the Kuffour and Mahama increase.

Government should reduce government workers from 700,000 to 450,000. In order not to make this hard on the workers, maybe the government should not do retrenchment but sell some corporations to pivate companies eliminating those workers salaries from government expenses.

Benefits to government officials LIKE FREE HOUSING, FREE PETROL, CARS ETC to Ministers, Judges, Parliamentarians, Principals Secretaries should be eliminated.

ETC

If this is done, it will cut government expenses about 6 billion dollars every year that can be used for infrastructural developments.
O. O. 10 years ago

"When the tortoise demands more blood, it is only fair to mix it with water" Today strike tomorrow this the next day that, OK that is the result of it. Government should put all regional and district hospitals under the MMDAs ...
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"When the tortoise demands more blood, it is only fair to mix it with water" Today strike tomorrow this the next day that, OK that is the result of it. Government should put all regional and district hospitals under the MMDAs, Makes all the Universities autonomous also but all government schools also under the district. And let the people still embark on unproductive "strikes"
PRINCE KWASI ADADE 10 years ago

NDC HAS BEEN THE LUCKIEST GOVERNMENT IN GHANA'S HISTORY IN TERMS OF RESOURCES, BUT THROUGH THIEVERY, THEY ARE NOW BEING RIDICULED AS THE MOST DISGRACEFUL. NDC MUST STAY AWAY FROM THE HERITAGE FUND!! CUPIDITY HAS EATEN INTO N ...
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NDC HAS BEEN THE LUCKIEST GOVERNMENT IN GHANA'S HISTORY IN TERMS OF RESOURCES, BUT THROUGH THIEVERY, THEY ARE NOW BEING RIDICULED AS THE MOST DISGRACEFUL. NDC MUST STAY AWAY FROM THE HERITAGE FUND!! CUPIDITY HAS EATEN INTO NDC'S BONE, THEY MUST STAY CLEAR FROM THE FUND. IF YOU ALLOW NDC ONE INCH CLOSE TO THAT FUND, THEY WILL STEAL ALL OF IT.
THAT MONEY CANT TURN THINGS AROUND, THE DAMAGE NDC HAS CAUSED IS TOO DEEP. WE HAVE A LITTLE OVER $100 MILLION IN THAT FUND. AN AMOUNT WHICH ONE NDC THIEF CAN BLOW WITHIN A WEEK, TO SATISFY HIS AVARICE. NDC GREEDY CORRUPT BASTARDS!!!!!!!!!!!!!!!
CARDINAL 10 years ago

O.O, you seem to think this is a punishment against workers but that is not true. Government use 70% of its revenue to pay government workers and 25% as interest on loans that leaves only 5% for infrastructure development and ...
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O.O, you seem to think this is a punishment against workers but that is not true. Government use 70% of its revenue to pay government workers and 25% as interest on loans that leaves only 5% for infrastructure development and other obligations.

No government can survive on that. On average, western European countries use only 25% of revenue on government workers. USA use less than 10% revenue on government workers salaries.

The government cannot reduce workers salaries so the best thing to do is to reduce the over bloated government workers. The job the 700,000 WORKERS ARE DOING CAN BE DONE BY HALF THAT NUMBER 350,000.

When Ghana Telecom was under government control, it had 6,500 workers and was losing $50 million every year. Vodafone bought it and reduced the workforce to 2,300 and the company is now making profit. Imagine if G.T is still under government control with 6,500 workers under SSSS salary structure. We are talking about the government having saved more than 150 million dollars in salaries alone a year for jettisoning G.T
The Mask 10 years ago

News about pornography seems to excite the media taking into consideration the cases that appear in court.

But the media must be commended; for why should ladies in a diamond rich town which in 1967 produced 2,633,527 car ...
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News about pornography seems to excite the media taking into consideration the cases that appear in court.

But the media must be commended; for why should ladies in a diamond rich town which in 1967 produced 2,633,527 carats of diamonds resort to porn for a living. A carat of diamond today is worth from $1500 to $150,000 depending on the quality. It epitomizes the government of Ghana´s discriminating spending over the decades; robbing Peter to pay Paul.

The Bank of Ghana (BOG) has no Eastern Regional headoffice. I don´t believe that the BOG has accurate data of the economic activity in the at least 12 Akyem districts which make up more than half the population on the region. The GDP and GNI of these Akyem districts are very high. They stem from:

Gold mining
Diamond mining
Cocoa
Oil Palm (the largest in West Africa)
Timber
Software development
etc

The money supply and capital as well as government spending in the at least 12 Akyem districts are wholly inadequate. BOG must remove impediments to the setting up of rural banks in these districts and encourage ADB and GCB to open branches in these districts.

The government must further ensure that wholly owned Ghanaian banks, including rural banks, get at least 80% of the banking revenue.
JH New York 10 years ago

You are right on paper but, I beg to differ from the practical point of view.
The same NDC gov't implemented the SSSS, with the view it would give NDC party electoral advantage over the others. What did they think would be ...
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You are right on paper but, I beg to differ from the practical point of view.
The same NDC gov't implemented the SSSS, with the view it would give NDC party electoral advantage over the others. What did they think would be the repercussions ?.What prevented the NDC Party to anticipate the numerous industrial action,still ongoing,and yet to come retrenchment and its associated economic and financial hardships, impoverishment,and other Social Welfare Chaos.
Right now,the NDC says 70 percent of total revenue goes to pay Salaries of about 600,000 Workers.At another time it was 90 percent.The public has no idea if these figures is the truth,fiction,or cooked in the first place.
So the NDC Party should clear its mess,and leave the workers to do their job.For, What Dividends or benefits accrued to the Country under the same IMF Reforms,during the tenure of Chairman Rawlings,either than people had no job/jobs.(retrenchment, structural adjustment,divestiture ) etc etc etc
These IMF prescriptions Collapsed our Factories to eventually derailed any form of industrialization in the Country,Ghana.
So why is Mahama's NDC going back to such diabolical Institutions for a bailout.It's a wrong move.A bailout from another institution is welcomed but not from the diabolical IMF and the World Bank.
Wake up; my people from your Sleep.
JOJO 10 years ago

But it has to start with the government, Ghana can not have about 250 parliamentarian, this is stupid and nobody parliamentarian wants to talk about it because it may affect them. seriously with 24 million population and the ...
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But it has to start with the government, Ghana can not have about 250 parliamentarian, this is stupid and nobody parliamentarian wants to talk about it because it may affect them. seriously with 24 million population and the number of legislature is ridiculous. US with 280 million population has 500 congress member. let have this discussion. thanks
SARPONG 10 years ago

Actually USA has 312 million population and we have 275 Parliamentarians. We have close to 30 Ministers not counting the Regional Ministers and two deputy Ministers each.

USA with 312 population has only twelve(12) Ministr ...
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Actually USA has 312 million population and we have 275 Parliamentarians. We have close to 30 Ministers not counting the Regional Ministers and two deputy Ministers each.

USA with 312 population has only twelve(12) Ministries or what they call Departments.
The Mask 10 years ago

The United States is federal with a bicameral federal legislature in Washington D.C. Aside this each state has a state legislature which may be unicameral or bicameral.

The United States President has got his ministers (s ...
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The United States is federal with a bicameral federal legislature in Washington D.C. Aside this each state has a state legislature which may be unicameral or bicameral.

The United States President has got his ministers (secretaries). Each governor also has his ministers.

275 parliamentarians is enough but I think it should be increased to 300.
SARPONG 10 years ago

Bicameral or unicameral, we are talking of federal government with 535 legislatures or Parliamentarians, 435 house of representatives members and 100 -Senators, two from each of the fifty states.

Yes we have each state wit ...
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Bicameral or unicameral, we are talking of federal government with 535 legislatures or Parliamentarians, 435 house of representatives members and 100 -Senators, two from each of the fifty states.

Yes we have each state with its own government but the Federal laws supersede state laws and each state also has federal officials, FBI, Judges etc.

Each state has federal workers and that is what we are talking about not Bicameral and unicameral government diferences.

Each state has state Employees who are paid from the state bufgets and I am not talking about state workers or city workers who are paid from city budgets, thank you.

Ghana needs only 200 MP's or less.
The Mask 10 years ago

Each American state has its own legislature which may be unicameral or bicameral.

Ghana isn´t federal. Each region hasn´t got its own legislature we therefore need more representatives (MPs).

Each American state has its own legislature which may be unicameral or bicameral.

Ghana isn´t federal. Each region hasn´t got its own legislature we therefore need more representatives (MPs).
DAN 10 years ago

YOU HAVE STATE GOV GIVING MAJOR FUNDING FOR SCHOOLS AND ROADS, FEDERAL PROVIDES FUNDS,,THEN YOU HAVE EITHER COUNTY OR/AND CITY FUNDING FOR SCHOOLS/ROADS/JAILS/WATER SYSTEMS! THATS WHY YOU PAY FEDERAL INCOME TAX/ MOST BUT NOT ...
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YOU HAVE STATE GOV GIVING MAJOR FUNDING FOR SCHOOLS AND ROADS, FEDERAL PROVIDES FUNDS,,THEN YOU HAVE EITHER COUNTY OR/AND CITY FUNDING FOR SCHOOLS/ROADS/JAILS/WATER SYSTEMS! THATS WHY YOU PAY FEDERAL INCOME TAX/ MOST BUT NOT ALL STATE INCOME TAX...AND GREEDY NEW YORK CITY HAS CITY TAX...WORST CITY IN NATION IS NEW YORK FOR TAX PAYERS! TENN/FLORIDA HAVE NO STATE INCOME TAX. FUNDS ARE RAISED THRU SALES/VAT TAX. PROPERTY TAX!
Frank 10 years ago

I SUPPORT THE IMF 100%. THESE SO-CALLED GOVERNMENT EMPLOYEES ARE LAZY COCOONS, GO TO WORK WHEN THEY LIKE, WORK HOW THEY LIKE, USELESSLY UNPRODUCTIVE BUT WANT PAY RISE EVERY YEAR, ALL THE BENEFITS IN THE WORLD. THOSE THAT WILL ...
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I SUPPORT THE IMF 100%. THESE SO-CALLED GOVERNMENT EMPLOYEES ARE LAZY COCOONS, GO TO WORK WHEN THEY LIKE, WORK HOW THEY LIKE, USELESSLY UNPRODUCTIVE BUT WANT PAY RISE EVERY YEAR, ALL THE BENEFITS IN THE WORLD. THOSE THAT WILL REMAIN WOULD HAVE TO BE RETRAINED TO LEARN TO WORK. THEY SHOULD JOIN THE PRIMARY SCHOOL PUPILS TO LEARN ABOUT ALL AS THEY HAVE NOTHING IN THEIR HEADS
tomtom 10 years ago

If the people in the government are productive, the number of personals do not matter. But, if they are there just for political reasons, then it is of no use keeping them. This should apply to any ministry. This is the time ...
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If the people in the government are productive, the number of personals do not matter. But, if they are there just for political reasons, then it is of no use keeping them. This should apply to any ministry. This is the time to have a modern, very elite and efficient ministry, good enough to conpete with the best anywhere in the world. There are a lot of graduates with no jobs to help effect this change. All it take is the courage and vision of a leader to effect this change. Mahama be of courage.
moyo 10 years ago

If Ghana wants to progress, the waste in the system must be pruned. The Civil service is characterised with corruption and inefficiency. Govt will be making the right decision to prune the system.

If Ghana wants to progress, the waste in the system must be pruned. The Civil service is characterised with corruption and inefficiency. Govt will be making the right decision to prune the system.
Ntim Gyakari 10 years ago

We are watching Osafo Marfo and co

We are watching Osafo Marfo and co
ebo smith,dortmund 10 years ago

Stupid man,because you want to be president at all cost,we the masses are paying for your self interest.Ghana fo paaaaaa,we vote this greedy man

Stupid man,because you want to be president at all cost,we the masses are paying for your self interest.Ghana fo paaaaaa,we vote this greedy man
SLY 10 years ago

what happen to us flag jet that landed in iran with Ghana diplomat

what happen to us flag jet that landed in iran with Ghana diplomat
Dogo Haram, Tamale 10 years ago

REMEMBER THE PAST RECORD OF THE IMF.

REMEMBER THE PAST RECORD OF THE IMF.
RTI 10 years ago

In the spirit of accountability, transparency and good governance, Ghanaians are demanding a publication of the report of the 2014 Article IV consultations with the IMF. There cannot be a situation where Ghanaians for whom an ...
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In the spirit of accountability, transparency and good governance, Ghanaians are demanding a publication of the report of the 2014 Article IV consultations with the IMF. There cannot be a situation where Ghanaians for whom any such policies and programs the Mahama led NDC gov't has entered nto with the IMF, which would affect their livelihood, should be kept in the dark about such a report. The IMF as a global institution that subscribes to international standards of transparency and accountability, should as a matter of national interest on the part of the citizenry of Ghana, are demanding a publication of the report.
This bail out provision which would affect Ghanaians and which invariably would require consensus, if need be, requires that, any such consensus building initiative is grounded and based on an informed position, and in this regard, the withholding of any and all such information, cannot be in the best interest of good governance, accountability, transparency and stability. The right to this information contained therein in the document is therefore non-negotiable and needs to be published to engender the needed public engagement and discourse on the proposed IMF bailout.
DUKE 10 years ago

HOW DID WE GET INTO THIS MESS FROM 2008?
WHAT HAPPENED TO THE SINGLE DIGIT INFLATION BROUHAHA?

HOW DID WE GET INTO THIS MESS FROM 2008?
WHAT HAPPENED TO THE SINGLE DIGIT INFLATION BROUHAHA?
KWASHIE ADJAH 10 years ago

ALI BABA JOHN DRAMANI MAHAMA SAID THAT, THEY HAVE CHOPPED ALL MEAT LEAVING JUST BARE BONES FOR THE REST OF US. THAT IS WHAT BROUGHT US TO WHERE WE ARE TODAY.

ALI BABA JOHN DRAMANI MAHAMA SAID THAT, THEY HAVE CHOPPED ALL MEAT LEAVING JUST BARE BONES FOR THE REST OF US. THAT IS WHAT BROUGHT US TO WHERE WE ARE TODAY.
CALM 10 years ago

this is the result of NDC greed and criminality ......IMF IMF IMF.....

this is the result of NDC greed and criminality ......IMF IMF IMF.....
HAZOR 10 years ago

IMF should not think of doing anything stupid to bailout Government of Ghana.If they do that stupid bailout then is a gift to NDC party and not Ghanaians and we don't own them anything and we will sue IMF for causing our pedi ...
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IMF should not think of doing anything stupid to bailout Government of Ghana.If they do that stupid bailout then is a gift to NDC party and not Ghanaians and we don't own them anything and we will sue IMF for causing our pedicament.This Government has borrowed 23 bilion dollars and has nothing to show for it and the president told us that he did not borrow the money for drink and merry making and we demand accountability from the president to publish all projects and its cost and locations.We want to know how the president spent the 23 billion dollars he borrowed.A country with the population of 25 million and government cannot pay just 650.000 of it workers and claim better Ghana is on course.Where did our taxes,gold,oil,cocoa just to mention a few revenue goes.Any IMF bailout will bring Arab String and IMF should prepare to accept responsibility for causing the uprising.Without the president publishing anything then no bailout.
YU 10 years ago

these are all concocted stories from the belly of an ignorant person desperate to create doom and paint everything negative. no truth whatsoever in that stories.spare us these daily gabbage

these are all concocted stories from the belly of an ignorant person desperate to create doom and paint everything negative. no truth whatsoever in that stories.spare us these daily gabbage
Yfrank 10 years ago

All die you will die and never get power.

All die you will die and never get power.
DAN 10 years ago

ITS THE ndc THAT WILL NEVR SEE POWER AGAIN AFTER THEIR nIGGER BOY PRESIDENT mAHAMA IS ARREST FOR THEFT OF PUBLIC FUNDS OR EMBEZZLING FUNDS..OR STARTING RIOT FROM TRIBAL COMMENTS..

ITS THE ndc THAT WILL NEVR SEE POWER AGAIN AFTER THEIR nIGGER BOY PRESIDENT mAHAMA IS ARREST FOR THEFT OF PUBLIC FUNDS OR EMBEZZLING FUNDS..OR STARTING RIOT FROM TRIBAL COMMENTS..
Mankind 10 years ago

Where is the 1st $1 Billion Agya Dr. Mills took from the IMF??? Nobody has accounted for that! Nothing in Ghana to show the 1st 1 Billon US dollars loans. Now, another secret negotiations are at foot.!!Let the nation vote on ...
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Where is the 1st $1 Billion Agya Dr. Mills took from the IMF??? Nobody has accounted for that! Nothing in Ghana to show the 1st 1 Billon US dollars loans. Now, another secret negotiations are at foot.!!Let the nation vote on this one!!NDC for the 5 years in power has amass more than $40 Billion loans with nothing to show!!! Except that Mahama and his brothers own Jets and Investments in Dubai and other off-shore accounts all over the World!!People of Ghana it is time to revolt!!These people are bankrupting Ghana without any thoughts about the future generation. Folks!! something must be done quickly!!!
Baaba 10 years ago

Sack them. Its long overdue. They are a waste on our resources. I support you

Sack them. Its long overdue. They are a waste on our resources. I support you
zakuus 10 years ago

When Dr. Bawumia pointed this out in his assessment of the fall of the cedi, smelly-mouthed NDC propagandist lampooned him . Now that reality has dawned on them, they're quite. Kwasiabinti!

When Dr. Bawumia pointed this out in his assessment of the fall of the cedi, smelly-mouthed NDC propagandist lampooned him . Now that reality has dawned on them, they're quite. Kwasiabinti!
KWASHIE ADJAH 10 years ago

IT IS HIPC TIME!!!!!!!!!!!!!! IT IS HIPC BY ANOTHER NAME. OH AFRC/P/NDC PARTY IS A REAL CURSE ON GHANA. RAWLINGS HAS BROUGHT A CURSE ON GHANA, WITH THE FOUNDING OF THE AFRC/P/NDC PARTY.

IT IS HIPC TIME!!!!!!!!!!!!!! IT IS HIPC BY ANOTHER NAME. OH AFRC/P/NDC PARTY IS A REAL CURSE ON GHANA. RAWLINGS HAS BROUGHT A CURSE ON GHANA, WITH THE FOUNDING OF THE AFRC/P/NDC PARTY.
EC 10 years ago

IMF should publish the report on the consultations because the NDC gov't would want to pull a fast one on Ghanaians.

IMF should publish the report on the consultations because the NDC gov't would want to pull a fast one on Ghanaians.
BabaUS 10 years ago

Daily Guide. They have not done it yet. So do not tell us they have done it. Sleaze journalism

Daily Guide. They have not done it yet. So do not tell us they have done it. Sleaze journalism
Osei Yao 10 years ago

OH, SO THIS IS WHY THE IMF HAS MANUFACTURED A RUN ON THE CEDI TO COERSE MAHAMA TO COME TO THEM ON HIS KNEES? IS IT A PART OF THE PRESSURE TO FORCE EPA ON THE ECOWAS COUNTRIES? THE NPP MUST JOIN WITH NDC TO RESIST THE PRESSURE ...
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OH, SO THIS IS WHY THE IMF HAS MANUFACTURED A RUN ON THE CEDI TO COERSE MAHAMA TO COME TO THEM ON HIS KNEES? IS IT A PART OF THE PRESSURE TO FORCE EPA ON THE ECOWAS COUNTRIES? THE NPP MUST JOIN WITH NDC TO RESIST THE PRESSURE OTHERWISE WHOEVER WINS IN 2016 WILL INHERIT ONLY TROUBLES!
ASUNNYJOH 10 years ago

THIS NDC IS TRYING TO MAKE IT VERY HARD FOR ANY GOVERNMENT THAT COMES AFTER THEM.THEY WILL MAKE SURE OUR DEBTS REACH 1TRILLION BEFORE THEY LEAVE OFFICE,BECAUSE THEY WILL NOT LISTERN TO ANYONE.WITHIN 5YEARS THEY HAVE SQUADERED ...
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THIS NDC IS TRYING TO MAKE IT VERY HARD FOR ANY GOVERNMENT THAT COMES AFTER THEM.THEY WILL MAKE SURE OUR DEBTS REACH 1TRILLION BEFORE THEY LEAVE OFFICE,BECAUSE THEY WILL NOT LISTERN TO ANYONE.WITHIN 5YEARS THEY HAVE SQUADERED 40BILLION AND STILL HUNGRY FOR MORE.ASK YOUR PRESIDENT WHAT HAS HE DONE WITH THAT HUGE AMOUNT,BY THE WAY HE IS NOT BORROWING FOR MERRIMENT.LET HIM SHOW YOU ANY IMPORTANT PROJECT THAT HAS DONE BY HIM.WHAT GHANAIANS MOSTLY HEAR FROM HIM ARE INSULTS AND PROMISES.ASK HIM SO MANY SCHOOLS THAT HE PROMISED TO BUILD HOW MANY OF THEM HAVE BEEN STARTED,ALL THESE PROMISES WERE NOT DONE BY IMF.IMF DIDN´T ASK MAHAMAH TO USE THE LITTLE WE HAD TO BUY CARS TO PEOPLE IN ORDER TO WIN ELECTION.ASK THIS VISIONLESS LEADER THIS BAILOUT IS FOR WHAT.INSTEAD OF LISTERN TO GOOD ADVICE HE AND HIS ARROGANT CRONIES WERE INSULTING THE GENIUS BAWUMIAH.I ALWAYS SAY THESE LOOTERS HAVE NOTHING TO OFFER,EVEN THE HERITAGE FUND THAT NKETIAH ASIEDU WAS CALLING FOR,IS IN DOUBTS BECAUSE DON´T TRUST THESE YE BE DII KEKE,KEKE,KEKEFOUR.THEY HAVE ALREADY SQUADERED IT.BECAUSE I HEARD ONE OF THEIR COMMUNICATORS SAID IT WAS THEIR IDEA SO THEY HAVE EVERY RIGHT TO USE IT.Hhhhhhm,GHANAIANS HAVE A ROUGH MARATHON AHEAD.
ghanaman 10 years ago

Gye Nyame has put it aptly: the fat on the pork must be trimmed. The civil service is full of staff that has failed to add value. It is time to call the long period of lukewarm attitude to work, lackadaisical (read lackluster ...
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Gye Nyame has put it aptly: the fat on the pork must be trimmed. The civil service is full of staff that has failed to add value. It is time to call the long period of lukewarm attitude to work, lackadaisical (read lackluster!) performance and low productivity to a timely end. Workers cannot cry for salary increases while occupying sinecure positions. Redundancies must be removed or brought to the barest minimum, The only way forward!
AKONFEM MAHAMA 10 years ago

Reduce the number of parliamentarians first. NDC fools increase their number for for a small country like Ghana.No value for money.All they do is shout yeah yeah. Now the ordinary worker has to pay for their stupidity. Fools ...
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Reduce the number of parliamentarians first. NDC fools increase their number for for a small country like Ghana.No value for money.All they do is shout yeah yeah. Now the ordinary worker has to pay for their stupidity. Fools and thieves ruling AMA Ghana. What a useless country.
Dave 10 years ago

I cannot come to terms with my mind that in this modern day, Ghana still depends on foreign assistance, such as IMF. The downfall of most African country economic could be traced to the unreasonable conditions attached to loa ...
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I cannot come to terms with my mind that in this modern day, Ghana still depends on foreign assistance, such as IMF. The downfall of most African country economic could be traced to the unreasonable conditions attached to loans procure from IMF. If Leaders of the country start living within their means, seek the interest of the country above their own interest. Ghana will not need IMF to rescue them of economic disaster. The resources available is enough to sustain the country but the lack of good strategic and managerial planning is the results of begging for help from IMF
SARPONG 10 years ago

In this particular instance, the conditions are right. No government can use 70% of its revenue for government workers salaries alone. The government should not use more than 30% of its revenue for salaries.

In this particular instance, the conditions are right. No government can use 70% of its revenue for government workers salaries alone. The government should not use more than 30% of its revenue for salaries.
Obed Adore 10 years ago

So, what's wrong with this great plan? This, if really true, is to "soften people up". In other words, a form of sensitization, which is really COOL. Isn't this a perfect plan?
Not only this, the government should also intr ...
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So, what's wrong with this great plan? This, if really true, is to "soften people up". In other words, a form of sensitization, which is really COOL. Isn't this a perfect plan?
Not only this, the government should also introduce a policy of staff compulsory and regular re-deployment to any of the ministries in order to curb the current wave of curruption practices. This is long over due.
GHANAIAN 10 years ago

WE SHOULD BE CAREFUL AS GHANAIANS NOT TO BREED ARMS ROBBERS. I AM PRAYING THAT BEFORE THAT TIME WE WOULD FOUND A BETTER SOLUTION THAN IMF BAILOUT

WE SHOULD BE CAREFUL AS GHANAIANS NOT TO BREED ARMS ROBBERS. I AM PRAYING THAT BEFORE THAT TIME WE WOULD FOUND A BETTER SOLUTION THAN IMF BAILOUT
Seko 10 years ago

The end of NDC is in site. Mark it on the wall. The insults on Ashantis, the 'yentie obiara' song, the national economic forum are all signs to the end of NDC. Mark my word. Ghanaians are not fools, they can be quiet but not ...
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The end of NDC is in site. Mark it on the wall. The insults on Ashantis, the 'yentie obiara' song, the national economic forum are all signs to the end of NDC. Mark my word. Ghanaians are not fools, they can be quiet but not foolish.
Kofi 10 years ago

That is called Better Ghana Agenda. Why not start the retrenchment with that useless parliament and the numerous deputy ministers?

That is called Better Ghana Agenda. Why not start the retrenchment with that useless parliament and the numerous deputy ministers?
Ah Ah Ah 10 years ago

What a truly SHIT COUNTRY if you are an average Ghanaian.
Nobody cares about the average Ghanaian even though we are such a wealthy country.
Ghana has become a truly shit country for most of its own citizens.
I feel like v ...
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What a truly SHIT COUNTRY if you are an average Ghanaian.
Nobody cares about the average Ghanaian even though we are such a wealthy country.
Ghana has become a truly shit country for most of its own citizens.
I feel like vomiting .
Kingsford Annor 10 years ago

Is this how we are going to live in the country with full of secreacy

Is this how we are going to live in the country with full of secreacy
OGYAM 10 years ago

THIS BAILOUT DECISION IS A PRODUCT OF THE WORK OF ATUGUBA AND AFARI GYAN TO THE DETRIMENT OF THE MASSES.

THIS BAILOUT DECISION IS A PRODUCT OF THE WORK OF ATUGUBA AND AFARI GYAN TO THE DETRIMENT OF THE MASSES.
Ken 10 years ago

Should mahama and his NDC government agree on this deal by the IMF then it clearly shows that they don't have concern for the well-being of Ghanians.My piece of advice to Ghanians is that they should be alert and prepared fo ...
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Should mahama and his NDC government agree on this deal by the IMF then it clearly shows that they don't have concern for the well-being of Ghanians.My piece of advice to Ghanians is that they should be alert and prepared for this tragedy since it has been hinted it is likely to come to past because i know what NDC government can do when it comes to issues like this.There were rumors sometime back about the cancellation of allowances paid to teacher and nurses trainees and study leave with pay which has come to play now.So all Ghanians should be alert.
BRO DAN- TRC 10 years ago

BLESSED PEOPLE OF AFRICA, DIGNIFIED PEOPLE OF THE NATIONS, INNOCENT PEOPLE OF GHANA- "GOD LESS OUR HOMELAND GHANA, AND MAKE OUR NATION GREAT AND STRONG. BOLD TO DEFEND FOR EVER, THE CAUSE OF FREEDOM AND OF RIGHTS.....". BLESS ...
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BLESSED PEOPLE OF AFRICA, DIGNIFIED PEOPLE OF THE NATIONS, INNOCENT PEOPLE OF GHANA- "GOD LESS OUR HOMELAND GHANA, AND MAKE OUR NATION GREAT AND STRONG. BOLD TO DEFEND FOR EVER, THE CAUSE OF FREEDOM AND OF RIGHTS.....". BLESSED PEOPLE OF THE NATIONS OF THE WORLD, WE -MUST- BE PROUND OF WHO WE ARE AND NEVER STAND INTIMIDATED. GHANA; -CHRIST IS MY LORD! I AM AN AFRICAN! AN GHANAIAN I REMAIN. A MEMBER OF THE HUMAN RACE GOD MADE ME. PROCIOUS ONES OF ALL NATIONS OF THE WORLD, YOUR CONFESSION OF YOUR GOD GIVEN IDENTITY AND DIGNIFTY -MUST- NEVER DEPART FROM YOUR MOUTH. "IT IS FINISHED", THEREFORE, -"OCCUPY TILL I COME". SELAH.
TOGETHER WE CAN!WITH GOD, WE CAN!! GOD BLESS AFRICA TO -"BE STRONG AND OF GOOD COURAGE" AND -UNITE- FOR THE -DESTINY- OF AFRICA IS IN THE HANDS OF AFRICA AS SO MADE BY THE MOST HIGH GOD. GOD BLESS 'JOSHUA' THE PRESIDENT OF GHANA; HIS EXCELLENCY -JOHN- DRAMANI MAHAMA TO "BE STRONG AND OF GOOD COURAGE" FOR IT IS WRITTEN; -"FOREVER O' LORD THY WORD IS SETTLED IN HEAVEN". AND "THE SRIPTURES CANNOT BE BROKEN". SELAH. GOD BLESS YOU AND I TO UNDERSTAND STAND THAT; GOD IS ON THE THRONE AND DIRECTS THE AFFAIRS OF THE WORLD. AND, GOD BLESS OUR HOMELAND GHANA.
NOTE
MUCH THANKS TO GHANAWEB FOR THE SPACE. AND TO -'GYE NYAME RADIO' FOR THE LORD'S SONGS.
THIS POSTING HAS NOTHING HAS NOTHING TO DO WITH THE ARTICE. FOR IT HAS COME THAT WE KNOW THAT -THEM- THAT REJOICE IN OUR MOMENT OF SILENCE REJOICE IN VAIN FOR GOD, IS IN DERISION ACCODING TO PSALM 2. SELAH.
KWAME.. 10 years ago

MAHAMA I WILL SHOOT YOU ONEDAY. FOOLISH MAN. SUCK UR MOTHER MAHAMA

MAHAMA I WILL SHOOT YOU ONEDAY. FOOLISH MAN. SUCK UR MOTHER MAHAMA
Citizen 10 years ago

We need another revolution because Ghanaians do not learn from their mistakes. It should start from the parliamentarians and all those in office. This is where all the money is going. Belt-tightening should start from the gov ...
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We need another revolution because Ghanaians do not learn from their mistakes. It should start from the parliamentarians and all those in office. This is where all the money is going. Belt-tightening should start from the government first
Ghanabausa 10 years ago

Only 2000 approximate Article 71 holders comprising mainly MPs and Ministers take over $50 million remuneration at the end of every 4 years.

Only 2000 approximate Article 71 holders comprising mainly MPs and Ministers take over $50 million remuneration at the end of every 4 years.
tomtom 10 years ago

Nowis the time to reduce the size of the government. All the people who go to work and get paid only for showingup could all now be deployed into other areas where they could be better utilized. The dry dock which is sited to ...
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Nowis the time to reduce the size of the government. All the people who go to work and get paid only for showingup could all now be deployed into other areas where they could be better utilized. The dry dock which is sited to be the largest of its kind in Africe, operating way undercapacity could now go 3 shifts. This would translate into other supporting jobs. thus keeping the economy more vibrant than it is now. The reduction in the the size of government would make it more efficient. Efficiency would reduce the corruption level and with the reduction in the courruption, would make the govt more credible before the people.
Akomadan Adjei Nkansah Belgium 10 years ago

MAHAMA,LORDINA,IBRAHIM,NDC NKWASEAFUO GHANA FOR SALE,SHAME INCOMPETENT,EVIL DWARFS,EMPTY HEAD MAHAMA AND HIS FAMILY,MMOAFUO LIKE THEM

MAHAMA,LORDINA,IBRAHIM,NDC NKWASEAFUO GHANA FOR SALE,SHAME INCOMPETENT,EVIL DWARFS,EMPTY HEAD MAHAMA AND HIS FAMILY,MMOAFUO LIKE THEM
TRUTH PREACHER 10 years ago

THE NDC GOVERNMENT OF JOHN MAHAMA HAS SUCCUMBED TO MODERN SLAVERY BY THE IMF WHICH IS BEING CONTROLED BY THE US: O GOD, WHEN ARE WE BLACK PEOPLE GOING TO OPEN OUR EYES TO SEE AND UNDERSTAND THAT OUR IMMEDIATE ENEMIES OF PROGR ...
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THE NDC GOVERNMENT OF JOHN MAHAMA HAS SUCCUMBED TO MODERN SLAVERY BY THE IMF WHICH IS BEING CONTROLED BY THE US: O GOD, WHEN ARE WE BLACK PEOPLE GOING TO OPEN OUR EYES TO SEE AND UNDERSTAND THAT OUR IMMEDIATE ENEMIES OF PROGRESS IS THESE SO CALLED WESTERN EVIL WORSHIPPERS.
Nana Oben 10 years ago

REDUCING GOVT. PAYROLL IS LONG OVERDUE. THE PROBLEM AS USUAL WILL BE WHO GOES. THE HARD, HONEST WORKER WILL BE RETRENCHED WHILE THE LAZY CORRUPT BROTHERS/SISTERS, NEPHEWS/NIECES, PARTY SUPPORTERS, FELLOW TRIBESMEN, GIRLFRIEND ...
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REDUCING GOVT. PAYROLL IS LONG OVERDUE. THE PROBLEM AS USUAL WILL BE WHO GOES. THE HARD, HONEST WORKER WILL BE RETRENCHED WHILE THE LAZY CORRUPT BROTHERS/SISTERS, NEPHEWS/NIECES, PARTY SUPPORTERS, FELLOW TRIBESMEN, GIRLFRIENDS AND THEIR RELATIVES, STAY AND CONTINUE TO LOOT.
LEX TALIONIS 10 years ago

If the NDC Administration must sack workers and impose harsh taxes to correct the mess it created just to win or steal an election let them do so alone. The NPP will be shooting itself in the foot if even one of its members a ...
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If the NDC Administration must sack workers and impose harsh taxes to correct the mess it created just to win or steal an election let them do so alone. The NPP will be shooting itself in the foot if even one of its members attends this Forum to give a semblance of consensus to the actions about to be unleashed on Ghanaians. Osafo Marfo, Dr. Konadu Apraku, Dr. A koto Osei, Dr. Bawumia and the rest, be warned. There must be no NPP presence at the Forum. If it was an NPP Administration that found itself in a tight bind and invited the NDC to a Forum of this sort, not a single NDC member will attend. They will abstain in order to be able to use the crisis against the NPP. A word to the wise is enough.
emmanuel bruce 10 years ago

I think this is sick we citizen do not read we do not not hand out from other cou

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read full comment

I think this is sick we citizen do not read we do not not hand out from other cou

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When Ecuador struck oil in the 1970s, the tiny group of wealthy families who ran the place bought themselves mansions and private jets. They threw a few bones to the poor: subsidies for gas and food. But then the price of oil plummeted. Suddenly, they were broke.

So they borrowed more money from the United States and the International Monetary Fund. Once again, they stuffed their own pockets with cash. But this time, they gave almost nothing to the poor. The United States and the IMF wouldn’t let them. The loans were conditioned on free-market reforms: reducing subsidies, selling off state-owned enterprises, and letting foreign oil companies have their way.

Understand that history, and you will understand why the poor people rose up and toppled three presidents in Ecuador. You will also understand the meteoric rise of Rafael Correa, who has built a career on criticizing the IMF and the United States.

“Correa comes from that virulent reaction of people not just sensing that they were getting screwed over, but seeing it,” said J.?D. Bowen, an assistant professor of political science at Saint Louis University.

Correa isn’t your average politician. He’s an economist, one of the few to get a chance to put his theories into practice. In 2001, he earned his PhD from the University of Illinois at Urbana-Champaign. His dissertation examined why market-oriented reforms of the 1980s failed to make Latin America better off.

He concluded that the Americans pushing those policies didn’t understand the vast inequality in Latin America between the elite, who controlled everything, and the poor, who just got the scraps.

“To listen to them talk about the free market where most people do not have access to good education, good health, good wages, it was crazy,” Correa said in an interview during a recent visit to Boston. It’s one thing to sell off state-owned enterprises in Britain, where ordinary people have money to buy stock. It’s another thing to auction them in a country of peasant farmers who have no way to participate.

In Illinois, Correa learned that the United States doesn’t always practice what it preaches. When it comes to protecting their own vulnerable industries, Americans push the free market aside.

“Yes, I am skeptical about free trade,” Correa said, flashing a movie-star grin. “I learned that from Alexander Hamilton.”

Ultimately, he came to view capitalism and socialism as sets of tools to fix problems. The question was: Whose problems are you fixing? The problems of the majority? Or the elite?

After he got his degree, Correa returned to Ecuador to teach economics. He wrote memos for the Ministry of Finance, and swiftly got appointed minister. But he grew impatient with the ministry’s submissiveness to the IMF. He quit with a big speech that made him famous. In 2006, he ran for president against Ecuador’s richest man — a banana magnate — and won.

Since then, he is best known in the United States for rejecting a free trade agreement, refusing to renew the lease on a US military base, and offering refuge to Julian Assange. On Capitol Hill, he’s been called everything from an “irresponsible rogue” to a tyrant who stifles the press. It is true, especially in recent years, that he has used a heavy hand against his critics in the media and in some nongovernmental groups.

But his record speaks for itself. Correa has used Ecuador’s oil wealth to target inequality, investing in education and infrastructure. Poverty has dropped from 35 percent in 2007 to 27 percent in 2012, according to World Bank data. Per capita income has risen from $3,310 to $5,170. Today, Ecuador has one of the fastest-growing economies in the region.

Perhaps one of the reasons that Correa has been so successful is that he isn’t really the reckless ideologue that he pretends to be.

He may have announced in fiery speeches that he refused to pay back those “fraudulent” international loans. But quietly, he cut a deal that bondholders were willing to accept. Unlike Venezuela’s Hugo Chavez, Correa has been “very pragmatic,” says Hans Humes, a long-time investor in Ecuador.

So maybe, at the end of the day, Correa is not a man who rejects the power of the market’s invisible hand, but rather someone who thinks the hand works best after inequality is addressed. Wealth and power are inextricable. When a tiny group of the elite control everything, it hijacks the invisible hand to serve its interests alone. That’s not just a lesson for Latin America. It’s one we should learn here in the United States.
ntrys
emmanuel bruce 10 years ago

IMF are not there to help they are there for the rich

IMF are not there to help they are there for the rich
Whatever 10 years ago

Outright lies are now becoming a hot currency for pro NPP media

Outright lies are now becoming a hot currency for pro NPP media
AGBEVE... 10 years ago

Mmmmm

Mmmmm
Mansah 10 years ago

Start with VRA and their bloated bureaucracy that gave birth to "DUMSOR"

Start with VRA and their bloated bureaucracy that gave birth to "DUMSOR"
DAN 10 years ago

BUT STILL SACK LAZY GOV. WORKERS

BUT STILL SACK LAZY GOV. WORKERS

Gov’t sacks workers, for IMF bailout

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