Ghana no longer middle-income country - Economist

Read Article

Comments (92)

This article is closed for comments.

Read Comments Comments (92)

moyo 9 years ago

Ghana has never being middle income country. The per capital income measurement is far from the truth. How much is the minimum wage and how do you relate that to human development index? The academia is confused because they ...
read full comment

Ghana has never being middle income country. The per capital income measurement is far from the truth. How much is the minimum wage and how do you relate that to human development index? The academia is confused because they have become advocate of some corrupt politicians.
THEO 9 years ago

Tanii, learn how to write English.

Ghana has never BEEN not Ghana has never BEING

Tanii, learn how to write English.

Ghana has never BEEN not Ghana has never BEING
SARPONG 9 years ago

Sometimes you read what these monday morning quarterback Economists write and you realize some PhD's are not worth a spittle of spit.

The redenomination was done more than seven years ago and we didn't hear from these Econ ...
read full comment

Sometimes you read what these monday morning quarterback Economists write and you realize some PhD's are not worth a spittle of spit.

The redenomination was done more than seven years ago and we didn't hear from these Economists and Ndc Politicians warning Ghana that the redenomination was going to cause problems. For five years, Ndc and their paid Economists were trumpeting the unprecedented economic growth and single digit inflation achievements.

Now that the interest payments on their gargantuan loans are exerting pressure on the economy and lack of innovative ideas to bring the economic mess under control, it is now the redenomination after blamming the SSSS.

Learn from President Obama, he stopped blaming Bush administration for the economic mess he inherited about five years ago and went to work to correct it which he has done.

If Mahama will only stop chasing loans and freebies to resurrect this moribund economy, the better it will be for the country.
( KOLA outside LONDON ) 9 years ago

The local bush so-claimed Dr. Kwaku Osafo is drank, hence blowing such garbage for the NDC. It is only a fool that will ever buy from such a useless man like Kwaku Osafo. Ghanaian people are suffering in the hands of Mahama a ...
read full comment

The local bush so-claimed Dr. Kwaku Osafo is drank, hence blowing such garbage for the NDC. It is only a fool that will ever buy from such a useless man like Kwaku Osafo. Ghanaian people are suffering in the hands of Mahama and such a fool is outside there to talk weed all because he is either being paid by the NDC CRIMINALS or being promised a position in the CRIMINAL NDC GOVERNMENT
KOLA, INSIDE LONDON. 9 years ago

So you knew I Kola London Proper will respond with better economic analysis of how Kronfuor Kufuor's Maladministration has caused all the sufferings of the people of Ghana, isn't it?

You Shoeshine boys with your EBOLA INFE ...
read full comment

So you knew I Kola London Proper will respond with better economic analysis of how Kronfuor Kufuor's Maladministration has caused all the sufferings of the people of Ghana, isn't it?

You Shoeshine boys with your EBOLA INFESTATIONS and Backward reasoning..
Kofi Opoku 9 years ago

Who do you think you are? Let me tell you ....I'm not saying anything bad about something God created so.....but no one cares about you and your family don't know you are alive.
You live in London and don't write good Engli ...
read full comment

Who do you think you are? Let me tell you ....I'm not saying anything bad about something God created so.....but no one cares about you and your family don't know you are alive.
You live in London and don't write good English. Do you really in London? We don't say he is drank, we say he is drunk. WOBROFO NYE, WO MMA BROFO SU FEE, FEE, FEE ADEN? W'BON DODO
KOLA, INSIDE LONDON. 9 years ago

--------------------------------------
Author: Kofi Opoku
Date: 2014-08-02 08:16:24
Comment to:WHAT R YOU AFRAID OF ?

Who do you think you are? Let me tell you ....I'm not saying anything bad about something God creat ...
read full comment

--------------------------------------
Author: Kofi Opoku
Date: 2014-08-02 08:16:24
Comment to:WHAT R YOU AFRAID OF ?

Who do you think you are? Let me tell you ....I'm not saying anything bad about something God created so.....but no one cares about you and your family don't know you are alive.
You live in London and don't write good English.
========================
Do you really in London? HAHAHAHAHAHA!!!
=========================

We don't say he is drank, we say he is drunk. WOBROFO NYE, WO MMA BROFO SU FEE, FEE, FEE ADEN? W'BON DODO
----------------------------------

WE DON'T WHAT??????? SAY DRANK AND DRUNK??????

Let me correct your BAD English for you.

Instead of writing we don't say, write we don't WRITE.

Because drunk and drank are homonyms. You pretender and Kookoase RAT FOOL, GET OFF MY RADAR NOW!!!!
walid 9 years ago

THANKS TO MAHAMA VOODO ECONOMIC POLICYS THAT FAIL SO BADWE ALL POOR NOW

THANKS TO MAHAMA VOODO ECONOMIC POLICYS THAT FAIL SO BADWE ALL POOR NOW
Yaw Adu-Asare 9 years ago

What do you know about anything? Zilch!

What do you know about anything? Zilch!
KOLA, INSIDE LONDON. 9 years ago

What do you actually want to say? Do you know the essence of Re denomination and it's implications on an Economy?

Get Lost with your smelly EBOLA INFESTED looking self, NOW!!!

What do you actually want to say? Do you know the essence of Re denomination and it's implications on an Economy?

Get Lost with your smelly EBOLA INFESTED looking self, NOW!!!
SGT ANAI FIADZOE 9 years ago

Stupid Monkey Sarpong, you are such an idiot,senseless material in our country,
are you of yourself or you are in yourself?

You are the of great integrity of lies
which has brought our nation to this
particular lowest ...
read full comment

Stupid Monkey Sarpong, you are such an idiot,senseless material in our country,
are you of yourself or you are in yourself?

You are the of great integrity of lies
which has brought our nation to this
particular lowest level of our national country in the world. A country with the most powerful oil we
haven't got money to buy Sanitary Pads
for our mothers and school girls unless we go to the world Bank to beg for $156 million American dollars subjected to high interest on it before such commodity can be procured.

Hopeless idiot who claim he is sarpong, is this the kind of Government we appreciate and cherish
and claim they are doing well, so you
want people to clap for them?

We the civilized people of this nation
can imagine the kind of person you are
and how you are administering your own
self and family. That is number one.

If under NDC administration led by
such a hopeless kind of idiot and criminal, Dramani Mahama, if indeed
$3 million American dollars has gone missing in the Offices of Bank of Ghana, and Mahama is happy touring campaigning for votes for 2016 General Election, then fellow country men and
women, Mahama, Asiedu-Nketia that Bui Dam thief, Ampah that so-called Governor of the Bank of Ghana (but criminal), Bekoe Arthur Amissah,
Finance Minister should swiftly be arrested, the law in our country is
working and no one is above the Law.
SGT ANANI FIADZOE 9 years ago

Pl ignore this lunatic who is faking Ewe identity.

Pl ignore this lunatic who is faking Ewe identity.
SGT ANAI FIADZOE 9 years ago

Because I do not support your NDC thievery activities, corruption, robbery, deceit, dishonesty and such
an NDC incompetent fools, you think I am not an ewe, do you think it is all Ewes who steals like you.

Animal, even th ...
read full comment

Because I do not support your NDC thievery activities, corruption, robbery, deceit, dishonesty and such
an NDC incompetent fools, you think I am not an ewe, do you think it is all Ewes who steals like you.

Animal, even the civilized Volta Regional Chiefs have revolted against
corrupt and arm robber Dramani Mahama
who went to the Volta Region and lie to them that he was going to build all roads in the Region, up till today,
which of the roads has been constructed?

Aboafu like you who eats shit as dinner.
KOLA, INSIDE LONDON. 9 years ago

Before Rawlings will come with the major economic problem suddenly confronting Ghanaians, I Kola of Proper London had highlighted it to the shoeshine boys that the monetization/re denomination policy embarked by the npp thiev ...
read full comment

Before Rawlings will come with the major economic problem suddenly confronting Ghanaians, I Kola of Proper London had highlighted it to the shoeshine boys that the monetization/re denomination policy embarked by the npp thieves has been the bane of Ghana's economic woes.

Today we have other high profile economist coming out beating the same drum.

Ghanaians should ask Kronfuor why he Killed Roko Frimpong of commercial Bank then. Roko was killed by a contract murderer and Atta Mills refused Rawlings directive to look into this gruesome murder which took place under the watch of the greatest thieve ever to have govern Ghana, Kufuor.
KB,London. 9 years ago

Given re denomination is the cause, is the government not in power to solve problems? The Mahama-led government has rather focused on problem identification instead of finding solutions. Governance is about solving problems. ...
read full comment

Given re denomination is the cause, is the government not in power to solve problems? The Mahama-led government has rather focused on problem identification instead of finding solutions. Governance is about solving problems. This is what the president and ministers are paid to do.
Kofi Opoku 9 years ago

Do you understand what write or do you read what you write......no wonder.....

Do you understand what write or do you read what you write......no wonder.....
Yaw Adu-Asare 9 years ago

Have you decided to come out of your shell again?

Have you decided to come out of your shell again?
KOLA, INSIDE LONDON. 9 years ago

Kofi Opoku, maybe my level and style of writing the Queens Language is too high for you to comprehend. I should have written in Twi for you but I don't understand it, neither can I write in Twi.

In any case, sorry you can' ...
read full comment

Kofi Opoku, maybe my level and style of writing the Queens Language is too high for you to comprehend. I should have written in Twi for you but I don't understand it, neither can I write in Twi.

In any case, sorry you can't understand the queens Language to know what I Kola is on about the economy challenges and who actually caused it.
Kofi Opoku 9 years ago

Your level and style of writing do not reflect a Londoner. Even a JSS drop out can write better than you. Your grammar and comprehension are too bad. If I ever live in London as you claim, my english language would be superb.

Your level and style of writing do not reflect a Londoner. Even a JSS drop out can write better than you. Your grammar and comprehension are too bad. If I ever live in London as you claim, my english language would be superb.
Peter Holland 9 years ago

this man tell us that the middle income is from 600 dollar a year. wenn I count 30 billion devide 25 million pple on my masschine is 1200 dollar!

this man tell us that the middle income is from 600 dollar a year. wenn I count 30 billion devide 25 million pple on my masschine is 1200 dollar!
Nasia R 9 years ago

In a country wher children in the bush areas (Nkurasefo) sit on stones in their classrooms how on earth would anyone in their right minds call the country a "Middle Income Country"?
We are technically torn between two extre ...
read full comment

In a country wher children in the bush areas (Nkurasefo) sit on stones in their classrooms how on earth would anyone in their right minds call the country a "Middle Income Country"?
We are technically torn between two extremes of abject poverty and superfluous richness, whereby people from the down trodden of all areas own an aeroplane but use it in the slightly developed areas of Ghana.
Frank Agyena-Karikari 9 years ago

FOR HOW LONG WILL GHANA DEPEND ON FOREIGN AID?

FOR HOW LONG WILL GHANA DEPEND ON FOREIGN AID?
Mahmoud 9 years ago

As long as it is needed, Frank. We can't pretend that our country doesn't need help. We need help because we are poor, and we are poor because we mismanage our resources.

However, I don't believe that the re-denomination w ...
read full comment

As long as it is needed, Frank. We can't pretend that our country doesn't need help. We need help because we are poor, and we are poor because we mismanage our resources.

However, I don't believe that the re-denomination was bad in itself. It was actually desirable because it limited the huge number of notes one needed to carry to buy anything. What I believe is that the Cedi was overvalued from day one and, therefore, started to slide downward immediately after it was introduced. But the steep precipitation we have witness this year is a result of the gross mismanagement of the economy by the NDC.
Kululu 9 years ago

It didn't result in an increase in workers salary for instance so no advantage gained or lost compared to previous economic status. The better side of the whole exercise was that money could then be carried in smaller volumes ...
read full comment

It didn't result in an increase in workers salary for instance so no advantage gained or lost compared to previous economic status. The better side of the whole exercise was that money could then be carried in smaller volumes for business. the economic trend we are seeing now would have been same but carrying a lot of paper money around
Francis C. Quainoo 9 years ago

Mahmoud, I am in absolute consonance with what you have just contributed.
This CPP Economist or his Party in general are NOT exception from the ruling NDC THIEVERY BRIGADE.

The fact of the matter is, when under the NPP Go ...
read full comment

Mahmoud, I am in absolute consonance with what you have just contributed.
This CPP Economist or his Party in general are NOT exception from the ruling NDC THIEVERY BRIGADE.

The fact of the matter is, when under the NPP Government that managed to discover the OIL in COMMERCIAL and EXPORTABLE QUANTITIES, and after being able to be recipient of the Millennium Challenge Account, all indicators were being pointed to Ghana becoming a Middle Income Status.

This is more the reason why we introduced the Single Spine Income Status. Furthermore we drafted Laws in Parliament to secure the future generation of our people on account of our OIL EXPORTS.

Furthermore, we crafted the need to turn our Raw Materials into MANUFACTURING in order to have more Foreign Reserves.

Unfortunately, IDIOTS like Fiifi Kwartey with his TOGOLESE-KETA SCHOOLBOYS IDEOLOGY stepped in to say 'KUFOUR HAD SOLD ALL OUR GOLD RESERVES". Which was absolutely a load of PICTURES!!!

Now when they got into power, those sort of pronouncements culminated in CAPITAL FLIGHTS from the country, with Foreign Oligarchy refusing to invest in Ghana.

When the NdC was going around preaching "unprecedented Development",etc. with a creation of well over 1.6Million Jobs, we kept asking them to name the names of those new Jobs or Enterprises; but they couldn't. We still keep asking them.

The programme we did have was that, Iron Ore had been discovered in Ghana during the time of Dictator Kwame Nkrumah, but without OIL that was impossible to mine them.

I must say that the MOST DISAPPOINTED ASPECT THAT HAPPENED TO GHANA WAS NPP LOSING THE 20O8 ELECTIONS.

This is because, I personally had almost TWO MINING BILLIONAIRES PLUS TWO ASTITUTE OPERATORS who had assured me to proceed to Ghana with them for various Feasibility Studies.

After the Elections my calls would hardly even be returned. The ones that returned my calls had said they had decided to go to BOTSWANA..

These louts and IDIOTS in government today in Ghana are only there to fill their Dirty Stomachs and nothing else.

They are NOT people destined to rule Ghana, but rather follow the Majority, being the AKANS and other small Tribes just to justify their existence.

They think a country could be ruled through Propaganda, Lies, Thievery and the likes.

Just look at the calibre of their Ministers; are they the ones to be able to sit on the Business Round and Negotiate a Deep Down Deal with the International Financial Oligarchy??? SHUCKS!!!

And lastly they wanted us to join them at SENCHI to salvage their MESS in the ECONOMY. The best for them would be to completely RESIGN AND CALL FOR FRESH ELECTIONS.

As things stand now,no one in her right mind could say Ghana Is A Middle Income Country.

With all the Stench, Filth, Unemployment, Creating, Looting and Sharing, we would be better off to
have a CIVIL WAR AND START ALL OVER AGAIN.

GHANA, A NATION IN THE HANDS OF CATS AND DOGS!!!

Best Regards,

Francis C. Quainoo
Western Australia
slow 9 years ago

Francis thanks a lot for this wonderful info u said it all.

Francis thanks a lot for this wonderful info u said it all.
KOLA, INSIDE LONDON. 9 years ago

NPP Discovered oil in commercial and exportable quantities? You are very lost and seems to be a SAD person in Australia.

The truth is that, Kufuor rushed with the informations on the DISCOVERY by Tsatstu Tsikata and sold i ...
read full comment

NPP Discovered oil in commercial and exportable quantities? You are very lost and seems to be a SAD person in Australia.

The truth is that, Kufuor rushed with the informations on the DISCOVERY by Tsatstu Tsikata and sold it for cheap, 10%.

You should at least be truthful to yourself, F Quianoo.
Kojo T 9 years ago

Francis , just shut up . Ghana REMAIED an exporter of RAW MATERIALS and never diversified . There was a lag efect about the burst of 2008 and what is happening in Ghana today. Just refer to S Africa and tell me if they are al ...
read full comment

Francis , just shut up . Ghana REMAIED an exporter of RAW MATERIALS and never diversified . There was a lag efect about the burst of 2008 and what is happening in Ghana today. Just refer to S Africa and tell me if they are also not feeling the same effects
ADWEN 9 years ago

All these currency re-denomination arguments and noise were foisted on Ghanaians by RAWLINGS, a non-entity by any standard, ignoring his incompetent and corrupt party spearheaded by the most corrupt individual in Ghana JOHN D ...
read full comment

All these currency re-denomination arguments and noise were foisted on Ghanaians by RAWLINGS, a non-entity by any standard, ignoring his incompetent and corrupt party spearheaded by the most corrupt individual in Ghana JOHN DRAMANI MAHAMA.
Solid economic foundation was handed over by the Kuffour administration to the NDC government - the MILLS-MAHAMA governments, these two "leaders" and MAHAMA the corrupt THIEF simply use all means possible to destroy all the gains Ghana chalked under the NPP-led administration.
Every aspect of Ghanaian society now is rife with corruption, incompetence, nepotism, tribalism, ethnocentricism, you name them. MAHAMA has simply destroyed Ghana as a result of him trying to amass as much wealth as he could through his cronies and money laundering mechanisms - GYEEDA, SADA, SUBAH, RLG, AGAMS, etc.
I don't know the level of economic intelligence RAWLINGS has which influence people to listen to this murderer, someone who ruled Ghana for almost 20 years without naming even street except circles and squares - Sankara Circle, Rawlings park - since he did not know the economic benefits of street naming. FOOLISH RAWLINGS AND IMBECILE MAHAMA.
GH economist 9 years ago

They give PhD's to any retard these days

They give PhD's to any retard these days
SGT ANANI FIADZOE 9 years ago

As for Ashantis/Akyems, all their prayers are for things to get worse. Even where the facts don't support they still try to twist issues to paint a bad picture.

I hope you all remember how Nana Addo tried hard to stoke a w ...
read full comment

As for Ashantis/Akyems, all their prayers are for things to get worse. Even where the facts don't support they still try to twist issues to paint a bad picture.

I hope you all remember how Nana Addo tried hard to stoke a war between Ghana and Ivory Coast after their ill-fated elections where Gbagbo annulled votes from his rival's strangleholds in order to declare himself president? One wonders what Nana wanted to achieve in such a sinister venture? No wonder Nana imitated Gbagbo by trying to use the courts to annul 4.6m votes from Majama's strongholds!!! Nana will go to any length to paint NDC bad.

Just look at this bogus economist who looks like one of the popular trotro drivers at Tema Station! You can see that he is pouring out his heart's wishes rather than economist. Even a JHS economics student will laugh at his lunacy.
Conventional Youth 9 years ago

There could be a technical bounce back, but how, without enormous sacrifice, organisation and pragmatic strategic- initiatives in place to inspire change?

There could be a technical bounce back, but how, without enormous sacrifice, organisation and pragmatic strategic- initiatives in place to inspire change?
Yaw Adu-Asare 9 years ago

"Inspire change" from what to what?

"Inspire change" from what to what?
JOHN 9 years ago

I agree with you. Ghana has never been middle income. Countries like Brazil and Malaysia can boast of being middle income, Ghana.

I agree with you. Ghana has never been middle income. Countries like Brazil and Malaysia can boast of being middle income, Ghana.
YAW 9 years ago

JUSTIFY YOUR POSITION WITH FIGURES, IF YOU ARE REALLY AN ECONOMIST, 1D10T.

JUSTIFY YOUR POSITION WITH FIGURES, IF YOU ARE REALLY AN ECONOMIST, 1D10T.
Yaw Adu-Asare 9 years ago

You seem to have difficulty understanding what you read.

You seem to have difficulty understanding what you read.
2016 9 years ago

The NDC economists are now coming out of the woodworks and the theories are getting increasingly bizarre every time they open their mouths.
Dwarves, high rise buildings, global recession, and now redenomination.
They shoul ...
read full comment

The NDC economists are now coming out of the woodworks and the theories are getting increasingly bizarre every time they open their mouths.
Dwarves, high rise buildings, global recession, and now redenomination.
They should continue skirting around the main issue thinking that it would by some magic float away.
The elephant in the room which is the thievery is not going anywhere and the NDC should face it because it's not going anywhere.
DAVI 9 years ago

Yep!The blame game is Still on and the NDC gov't. forgot about Value for Tax payers money build motoway on Wyomes head and did NOT invest in Cocao sector to increased export,which was in 100s of Tons in 2009 and oil in 2010 b ...
read full comment

Yep!The blame game is Still on and the NDC gov't. forgot about Value for Tax payers money build motoway on Wyomes head and did NOT invest in Cocao sector to increased export,which was in 100s of Tons in 2009 and oil in 2010 because of NPPs input in the sectors.YET NDC THE LONGEST GANG WITH THE BIGGEST LOANS IN GHANA'S POLITICAL HISTORY IS BLAMING OTHERS,CONFUSED AND LOOTING ALL THE STATE MONEY.
Ryuken 9 years ago

NDC has taken a lower middle income country and transformed it into a highly indebted poor country. Everything is getting worse day by day. They must be pleased with themselves.

NDC has taken a lower middle income country and transformed it into a highly indebted poor country. Everything is getting worse day by day. They must be pleased with themselves.
Gyeeda, Sada, Subah, Woyome 9 years ago

I have not done economics to any high level but anyone blaming redenomination as part of the problems augmenting Ghana's economic crises should go back to school. Redenomination does not change the value of the currency so wh ...
read full comment

I have not done economics to any high level but anyone blaming redenomination as part of the problems augmenting Ghana's economic crises should go back to school. Redenomination does not change the value of the currency so what is this "nonsela" guy talking about? As for zeroes, you can add as many as you like to the money in your hands. You can also remove them as you like so let us talk about the real challenges of Ghana's economy. It is Woyomey, Gyeeda, Sada, Isofoton, Waterville, Subah and the stupid borrowing of funds from the international community without any increase in Grand Domestic Products even as Ghana is supposed to be an agro based economy. It is better to tell JOn Mahma to stop stealing Ghana's money, stop purchasing aircraft for his brother, stop purchasing hotels in Dubai and South Africa. Tell the thief to stop being criminally minded and do what is right and all shall not be the same again. Idiot.
kk 9 years ago

Another useless African academic maggot playing the blame game. Why not talk about the blatant stealing of government that is still ongoing?

Another useless African academic maggot playing the blame game. Why not talk about the blatant stealing of government that is still ongoing?
Pumpuni 9 years ago

"...it means you are having more exports than imports and there was nothing like that at that time.”" My question to you is this: What prevented the NDC governments from increasing exports instead of just basking in the joy ...
read full comment

"...it means you are having more exports than imports and there was nothing like that at that time.”" My question to you is this: What prevented the NDC governments from increasing exports instead of just basking in the joy of trumpeting Ghana as a middle-income nation? So you see, it wasn't just an NPP problem. It was a national policy implementation problem!!!
sacragi_ nyamaa 9 years ago

increased export can only be supported by increased infrastructure availability of capital goods and a supporting liquidity .were all these available before the revaluation of the cedi,increased export does not take place in ...
read full comment

increased export can only be supported by increased infrastructure availability of capital goods and a supporting liquidity .were all these available before the revaluation of the cedi,increased export does not take place in a vacuum
KnYc(USMC) 9 years ago

Increasing export is by increasing infrastructure, and the basic infrastructures are; Water, electricity, good transportation networks. When this things are in place, things will fall in places. Five years of NDC coming to po ...
read full comment

Increasing export is by increasing infrastructure, and the basic infrastructures are; Water, electricity, good transportation networks. When this things are in place, things will fall in places. Five years of NDC coming to power has been useless, and all because their polices are useless decision making being led by useless people.
James Abbah 9 years ago

idiots as journalist. thats the problem.

idiots as journalist. thats the problem.
Kululu 9 years ago

In spite of their numbers, international or whatever, we are still where we are.When things are not going well, you 'll see so many lawyers, so many pastors, so many ECOM-DI-MIST(hungry people) too around wanting just to be h ...
read full comment

In spite of their numbers, international or whatever, we are still where we are.When things are not going well, you 'll see so many lawyers, so many pastors, so many ECOM-DI-MIST(hungry people) too around wanting just to be heard
Kk 9 years ago

Master where from this your theory! Where did you get your education?idiot!

Master where from this your theory! Where did you get your education?idiot!
kwabena 9 years ago

Ghana will not change until our leaders turn from selfishness,wickedness, many so call men of God calling sins as good, the nation will suffer and more to come.
The first leader took the whole nation to filthiness by worship ...
read full comment

Ghana will not change until our leaders turn from selfishness,wickedness, many so call men of God calling sins as good, the nation will suffer and more to come.
The first leader took the whole nation to filthiness by worshiping gods, shelling innocent blood of women and that is why we never see filth around us as bad. Lets all of us repent as Zackious did Luke 19:8
Kojo Nsiah 9 years ago

Fools,

Were you ever a middle income country?

Fools,

Were you ever a middle income country?
GH economist 9 years ago

Ghana is still a middle income country this Ape just wants ore aid money

Ghana is still a middle income country this Ape just wants ore aid money
Yaw Ohemeng 9 years ago

In 2007, at the time of the redomination, 9200 Cedis buys one dollar. Four zeroes were removed such that 0.92 Ghana Cedis buys you one dollar. The currency was not revalued. So what is this about strengthening?

The Brazil ...
read full comment

In 2007, at the time of the redomination, 9200 Cedis buys one dollar. Four zeroes were removed such that 0.92 Ghana Cedis buys you one dollar. The currency was not revalued. So what is this about strengthening?

The Brazil that we have been borrowing from even changed their currency entirely but never collapsed economically. So do we have different economics theory applicable in Ghana? These claims are adding to our international embarrassment and they must stop.
BOY KOFI 9 years ago

I am not an economist but I read from somewhere that to maintain a Middle Income Status you need constant GDP 10% for 10 good years and lower inflation rate.You can see that Brazil is more productive than Ghana,I think we are ...
read full comment

I am not an economist but I read from somewhere that to maintain a Middle Income Status you need constant GDP 10% for 10 good years and lower inflation rate.You can see that Brazil is more productive than Ghana,I think we are not productive enough because we lack the professional orientaions.What we are going through today is exactly what happened to Nigeria in the 80s.Have you noticed how many foriegners are hustling in Ghana today?I don't think if there is nothing in Ghana they will travel from their perspective countries to come and find jobs in Ghana.We better wake up and open our eyes widely.Thank you.
E.O 9 years ago

TOO MANY PROMISE

TOO MANY PROMISE
NANABA AFIRIYIE 9 years ago

NDC UNDER MILLS MADE A FUNDAMENTAL MISTAKE IN THE FIRST PLACE.THEY SHOULD HAVE TOLD THE WHOLE NATION WHAT THEY HAVE INHERITED FROM THE NPP. THEY CHOSE TO HIDE IT SO THEY COULD ALSO PLUNDER AND LOOT FROM THE LEFTOVER OF THEY N ...
read full comment

NDC UNDER MILLS MADE A FUNDAMENTAL MISTAKE IN THE FIRST PLACE.THEY SHOULD HAVE TOLD THE WHOLE NATION WHAT THEY HAVE INHERITED FROM THE NPP. THEY CHOSE TO HIDE IT SO THEY COULD ALSO PLUNDER AND LOOT FROM THE LEFTOVER OF THEY NPP.
THE WOYOME CASE WAS A BOOBYTRAP SET BY THE NPP.NDC IS NOW PAYING THE PRICE.
mr amin. 9 years ago

Dr safo am disapointed in u and others who claim that the redomination is the course of the cedi fall. its a lie. the redenomination was one of the best policies in ghana. between 2003 to 2006 the cedi depreciate only 3% that ...
read full comment

Dr safo am disapointed in u and others who claim that the redomination is the course of the cedi fall. its a lie. the redenomination was one of the best policies in ghana. between 2003 to 2006 the cedi depreciate only 3% that pave way for the redenomination. the economy was managed by compitent people. why index import duties in dollers n other forign currencies??? why not in cedis permenently??? Dr stop telling lies.
Oba Nyansani Baako Pe In Ghana! 9 years ago

NDC, What do you actually want from the people of Ghana? Please, call that stupid boy Felix Ofosu Kwaakye to come on air and tell Ghanaians that Mahama and his NDC government came to destroy Ghana full stop.

NDC, What do you actually want from the people of Ghana? Please, call that stupid boy Felix Ofosu Kwaakye to come on air and tell Ghanaians that Mahama and his NDC government came to destroy Ghana full stop.
Abeeku Mensah 9 years ago

Who is this economist and on what authority or platform did he derive his measuring yardstick? To become a middle income nation Ghana's dime a dozen economist and politicians must set a standard that surpasses generalised y ...
read full comment

Who is this economist and on what authority or platform did he derive his measuring yardstick? To become a middle income nation Ghana's dime a dozen economist and politicians must set a standard that surpasses generalised yardstick set by developed nations for under developed nations they do not apply unto their own. Ghana can legitimately be called a middle income nation when 70 percent of residential and offices have indoor plumbing, pipe borne water along with a continued and uninterruptible electricity with functional effective and efficient government institutions. At best Ghana is nothing but a beggar nation with the taste of rich nations on "akpetesie" income. The true description of our business community is buy from China and every low quality product nation and sell high on the Ghana market and earn a business cred even as we fail to produce, manufacture and or export anything of economic value on foreign market demand. Our so-called exports are not our own because they are owned and operated by foreign interests. How the heck did we get to be middle income while wallowing in "korle" lagoon and poop infested shorelines on our beaches?
GH economist 9 years ago

Middle income still means poor!!

Middle income still means poor!!
Bob 9 years ago

if you can't carry your head load, don't blame your headgear. the redenomination has no role to play in the mismanagement that has made us go back economically, the structures put in place to prop the ere denomination by Pres ...
read full comment

if you can't carry your head load, don't blame your headgear. the redenomination has no role to play in the mismanagement that has made us go back economically, the structures put in place to prop the ere denomination by President Koffour were pulled down by the incompetent NDC, where are the PSIs, the Mass spraying for cocoa farmers among others,? what has the NDC done in the past 6yrs,?all they do is blaming NPP for the incompetence.
Isaac-HAMBURG, GERMANY 9 years ago

Mahamah is lying. He doesnt know what he is talking. He talks for talking sake.Mahamah doesnt deserve to lead a country like Ghana.He is simply visionless.

Mahamah is lying. He doesnt know what he is talking. He talks for talking sake.Mahamah doesnt deserve to lead a country like Ghana.He is simply visionless.
Ebo 9 years ago

They could not sustain it, period!

They could not sustain it, period!
AKONFEM MAHAMA BAD LUCK 9 years ago

CRIMINAL,EVIL,CORRUPT MAHAMA CHOP ALL,STOLED GHANA GOLD 1,5 TONS TO IRIAN,BOUGHT JETS,HIS WIFE LORDINA ALSO STOLED OVER 100 CARS FROM TEMA PORT FREE,WOYOME,AKONFEM,TREES,WATERVILLE,ISOFOTON,GYEEDA,SADA,SUBAH,EVEN MOER,CHOP CH ...
read full comment

CRIMINAL,EVIL,CORRUPT MAHAMA CHOP ALL,STOLED GHANA GOLD 1,5 TONS TO IRIAN,BOUGHT JETS,HIS WIFE LORDINA ALSO STOLED OVER 100 CARS FROM TEMA PORT FREE,WOYOME,AKONFEM,TREES,WATERVILLE,ISOFOTON,GYEEDA,SADA,SUBAH,EVEN MOER,CHOP CHOP ALL NDC MAHAMA DOGS BOYS ARE CRIMIM
NALS,EVLES,GHANIANS ARE FED UP WITH THEM,THEY MUST GOOOOOOO PERIOD
Francis Buahin 9 years ago

When was the redenomination done, Dr Osafo? After that all economic indicators during the later part of the NPP admin. and the early part of the current NDC admin. were positive, not so, Dr? So what happened after that is wha ...
read full comment

When was the redenomination done, Dr Osafo? After that all economic indicators during the later part of the NPP admin. and the early part of the current NDC admin. were positive, not so, Dr? So what happened after that is what u shd advert your mind to. Ghanaians are not convinced by your analysis. You know the cause of our woes. MISMANAGEMENT by the current administration!! Be bold and say it!!
UK 9 years ago

CAN YOU FOOLS JUST REMOVE THE NDC

CAN YOU FOOLS JUST REMOVE THE NDC
Dr. Appocco 9 years ago

Why can't people get their brains around the fact that re-denomination is designed to reduce transaction costs of having to carry wheelbarrow full of cash around, and to a lesser extent instill some confidence in the economy ...
read full comment

Why can't people get their brains around the fact that re-denomination is designed to reduce transaction costs of having to carry wheelbarrow full of cash around, and to a lesser extent instill some confidence in the economy. It isn't designed to affect the real economy, and thus couldn't have changed the real exchange rate!!
Unless the so-called economist was misquoted this statement is completely wrong: "when your currency is strong it means you are having more exports than imports". Rather if your currency gets strong it means your goods become more expensive and goods from other countries become relatively cheaper so you're likely to import, not export!
JB Awotwi-Black 9 years ago

I doubt!

1. Before the introduction of the EURO, 10,000 Italian Lira was equivalent to ONLY 1 British Pound. A normal car would cost over 100 Million Lira. YET Italians did not carry money in wheel barrows: they used the b ...
read full comment

I doubt!

1. Before the introduction of the EURO, 10,000 Italian Lira was equivalent to ONLY 1 British Pound. A normal car would cost over 100 Million Lira. YET Italians did not carry money in wheel barrows: they used the banks - transfers.

2. Even today 1 British Pound exchanges at 128 Japanese Yen, so that relatively you would need to carry money in wheel barrows in Japan to do normal transaction like buying a car or a house, but NO, they use bank trsnaactions.

Imagine this: I was going to rent a shop in Accra. I was to pay in CASH 250 Million (Old) Cedis PLUS: If I insisted on a receipt, they would not rent to me!

My point is that is economically healthier to make laws/regulations for transactions to be made through bank, instead of cutting 4 zeros, so that the money will fit into your purse or pocket.

For smaller purchases, I know we had denominatiosn of 10.000, 5.000, 1.000.
frenest 9 years ago

Italy and Ghana are countries of two different cultural practices; one is developed and the other still developing its systems. One is advanced in cashless systems, while the one could not embrace its ezwich cashless programm ...
read full comment

Italy and Ghana are countries of two different cultural practices; one is developed and the other still developing its systems. One is advanced in cashless systems, while the one could not embrace its ezwich cashless programme and does not have a proper address system so the bank rates soar as a result of bad debts.
Dr. Appocco 9 years ago

Master, I used wheelbarrows not in the literal sense, but as an illustration of how much money people had to carry around for transaction purposes!

Master, I used wheelbarrows not in the literal sense, but as an illustration of how much money people had to carry around for transaction purposes!
Papa Yaw. 9 years ago

So

So
DDKT 9 years ago

They shuldn't hv done the redenomination. kufuor's ego HAS ruin us

They shuldn't hv done the redenomination. kufuor's ego HAS ruin us
sam 9 years ago

World bank definition of lower income is GDP/capita of between $1026 - $4036. With the figures presented $30bn divided by 25mln population is $12000. We can have our own opinion but not our own facts.

World bank definition of lower income is GDP/capita of between $1026 - $4036. With the figures presented $30bn divided by 25mln population is $12000. We can have our own opinion but not our own facts.
BOY KOFI 9 years ago

You can see that there is a huge decline in our GDP from 14% to 6% and inflation rate escalating everyday,from 8.6% to 14%.For your information you need to have GDP 10% constantly for about 10 years to maintain a real Middle ...
read full comment

You can see that there is a huge decline in our GDP from 14% to 6% and inflation rate escalating everyday,from 8.6% to 14%.For your information you need to have GDP 10% constantly for about 10 years to maintain a real Middle Income Status.In our case we had GDP 10%+ just for a year or two.This is the same problem Nigeria faced when the oil boom started in the middle of 70s.It did not last for 10 years when Nigeria fell back to ever worst economic situation in 83 ordering foreigners to leave the country.The problem with Ghanaian intellectuals,politicians and journalists is that they always refuse to compare Ghana to our neighbours that for me it's very uneducative.Thank you.
UK 9 years ago

I was in Ghana in 2008 things looked good ! I was GOING to stay then you FOOLS voted NDC in to power!

I am so MAD, i wish i could come to Ghana NOW and FIX it !

The world looks down on us so much

the NDC HELPED th ...
read full comment

I was in Ghana in 2008 things looked good ! I was GOING to stay then you FOOLS voted NDC in to power!

I am so MAD, i wish i could come to Ghana NOW and FIX it !

The world looks down on us so much

the NDC HELPED the whites and chinese
say WE ARE FOOLS !

WHEN I GET BACK TO GHANA I WILL NOT REST TILL THINGS CHANGES

WE NEED clinics and hospitals AND SCHOOLS AND TO STOP Chinese and Whites RUNNING ALL THE BUSINESS !

WAKE UP GHANA ! WAKE UP !!!

GOD HAVE MERCY ON YOUR SOULS NDC PEOPLE ! YOU WILL BURN IN HELL FOR ALL THE WRONG YOU HAVE DONE !!

WHEN I GET TO GHANA YOU PEOPLE WILL SEE!
ABBA 9 years ago

THE SPIRIT OF JUNE 4TH 1979 REVOLUTION IS TOTALLY DEAD BECAUSE MAHAMA LED NDC HAS LOOTED THE COFFERS OF THE NATION. NOW IT IS OBVIOUS THAT THE BLOOD OF GEN.I.K.ACHAMPONG AND THE OTHERS WHO WERE EXECUTED ARE INNOCENT.

THE SPIRIT OF JUNE 4TH 1979 REVOLUTION IS TOTALLY DEAD BECAUSE MAHAMA LED NDC HAS LOOTED THE COFFERS OF THE NATION. NOW IT IS OBVIOUS THAT THE BLOOD OF GEN.I.K.ACHAMPONG AND THE OTHERS WHO WERE EXECUTED ARE INNOCENT.
ABBA 9 years ago

EVEN THE OIL DESCOVERY HAS BEEN THE PERSONAL PROPERTY OF NDC CRIMINALS AND THAT HAS CONTRIBUTED TO THE AILING CEONOMY.

EVEN THE OIL DESCOVERY HAS BEEN THE PERSONAL PROPERTY OF NDC CRIMINALS AND THAT HAS CONTRIBUTED TO THE AILING CEONOMY.
Kalahariman 9 years ago

How and where did Kwaku Osafo gather his statistics when 2014 is not over yet to get a good picture of GDP.

Wikipedia:
Fiscal year
Calendar year 1 January to 31 December

GDP
$103 billion (2013 estimate, PPP)[1]

...
read full comment

How and where did Kwaku Osafo gather his statistics when 2014 is not over yet to get a good picture of GDP.

Wikipedia:
Fiscal year
Calendar year 1 January to 31 December

GDP
$103 billion (2013 estimate, PPP)[1]

$50 billion (2013 estimate, nominal)[2]

GDP growth

8.5% (Q3 – 2013)[3]
8.2% (2012 est.)[4]

GDP per capita

$5,150 (2013 estimate, PPP)[a][5]
$2,500 (2013 estimate, nominal)[a][2]

WORLD BANK:
Ghana

Sub-Saharan Africa (developing only)
Income level Lower middle income
GDP (current US$)
$47.93 billion 2013

Population (Total)
25.90 million 2013
Sappey-Agboh, Atsiame-Lagbokope 9 years ago

I hope Bawumia, the economist without any proven problem solving economic policy apart from parroting worn-out economic theories had been 'outed' again. Wasn't it Bawumia who propounded and presided over the redenomination of ...
read full comment

I hope Bawumia, the economist without any proven problem solving economic policy apart from parroting worn-out economic theories had been 'outed' again. Wasn't it Bawumia who propounded and presided over the redenomination of the cedi to score cheap political points, without reference to the prevailing fundamentals of our economy? Now after Papa JJ had boldly revealed what most Ghanaians know but scared to say, three other prominent Ghanaians had all come out to reinforce Papa J's views. Yes our present economic woes were crafted by Bawumia, the darling non-performing economist of the NPP. No wonder he was offered the NPP flagbearer running mate position.
JB Awotwi-Black 9 years ago

Ghana was never and has never been a middle income society, when AVERAGE salary is still less than 100 US a month, when most homes do not have running water, electricity, decent bath rooms, toilets name it.

That term was o ...
read full comment

Ghana was never and has never been a middle income society, when AVERAGE salary is still less than 100 US a month, when most homes do not have running water, electricity, decent bath rooms, toilets name it.

That term was only coined - something nobody arrestes you for doing.
Critical 9 years ago

The man has said a lot of things but at the same time has said nothing.

I wish that these so called elite will show the Ghanaian people whom they serve some respect.

Per Capita income in simple terms is what every citiz ...
read full comment

The man has said a lot of things but at the same time has said nothing.

I wish that these so called elite will show the Ghanaian people whom they serve some respect.

Per Capita income in simple terms is what every citizen would get if the nations’ wealth was shared equally amongst the populace. According to our economist, at the time when we were made a middle income country under the NPP, our GDP (the nations’ wealth) was about 50 million. This was our GDP after the redenomination was done so how then do you blame the fact that our GDP is now 30 million on redenomination?

Our problem is very simple! Over 50% of the money Ghana runs on is borrowed i.e loans. What compounds the problem even further is that the borrowed money is also mismanaged.

So you have a situation where we borrow money, mismanage it and then spend the little moneys that we are making legitimately to service the loans that we take. FOOLISHNESS!!!

The NPP has been making sooooo much noise about turning our country from a RAW materials generating economy to one that is industrialised producing finished goods for export. The NDC does not seem to understand this concept or are too inept to make it happen.
So our population is growing, which in itself reduces our per capita income assuming that our GDP stays the same. But you add to that the fact that we import everything including toothpicks, so that we have to convert our local currency to foreign exchange to add to the little foreign exchange we get from exporting our raw materials to buy all the things that we can be manufacturing in Ghana. This reduces the value of the currency which further affects our GDP and hence our per capita income.

So yes our status which was changed based on per capita income may have slipped back to where it was but it’s not because of redenomination, but more of foolishness and lack of initiative.

If a man (Ghana) keeps increasing the size of his family by having child after child (population), but his income stays the same (GDP) then the quality of life of his and his family (per Capita income) will be affected negatively. Its as simple as that!!!

Running a country is not easy so if you know you are not cut for it, stay the hell away!!! This is not a train station or an airline, it is a country!!! Show some respect!!!

When you have people who blame dwarves and high rise buildings for our woes but forget about GYEEDA, SADA, SUBAH, RLG, AGAMS (millions and millions of dollars) and foolish things like collecting $125 million dollar loans to fund sanitary pads then it’s no shock why Ghana is where it is!
I have two undeniable facts for those who believe this nonsense;
1. The INEPTITUDE of the NDC government is supreme. Apart from propaganda which I will give NDC a 100% for, NDC has no business running a country!!!
2. NDC is the most corrupt party we have had since Ghana’s independence.
Only a couple of days ago Woyome was asked to pay back the 52 million GHC that NDC paid to him as a judgment debt just to pump back into the party. Does this tell you anything about the likely outcome for the other judgment debts? Corruption be what???
Does anyone remember the STX deal which fell through thanks to the hand of almighty God and the noise that the minority made in parliament? That’s the stupidest idea NDC has come out with so far!!
Only the NDC party can without even missing a heart beat sign a contract with our oil as bond that literally hands out 10 Billion Dollars to another country to do something as simple as building common houses just because of kickbacks especially when you think what wonders that money pumped into our own economy would do for job and wealth creation for our people.
Spending was it 25 million Dollars on a guinea fowl project with not even one egg to show for it.
This is why we are suffering guys and not because of redenomination!!! We can continue to play the ostrich politics just sticking our heads in the mud and expecting that the problems will go away and then coming up with foolish stories like redenomination to fool the common man.
The problem Ghana is facing right now is mainly because we want to be fed like little chicks in a nest with our beaks wide open. We borrow for everything! Mahama came out and said with pride that he will not stop borrowing today nor stop borrowing tomorrow.
A man who after all these years just realised that importing everything is not really the best way to run a country. Why do you run for presidency if you did not know this fact?
We as Ghanaians are all a bunch of foolish people for allowing such mediocre entities to run our lives.
I am so happy the NPP did not play a part in that Senchi accord. You cannot do paah paah about running for presidency and then 6 years into it you call the opposition whom you have been insulting and blaming everything on to come and tell you how to run the country!!! Why didn’t they figure this our before running! As they say with the 6 P’s, Proper Prior Preparation Prevents Poor Performance!!!
Ghana is potentially a very powerful nation and it will take greatness in a man to unleash this potential. Mahama does not have what it takes.
CATAPULT 9 years ago

1. low cocoa and gold prices.
2. Dwarves.
3. High rise buildings.
4. global recession.
5. Tapering.
6. End of the world-Apocalypse.
7. Redenomination.
8. Cyclical nature of economy.
9. Wage bill.
10. Kessben money la ...
read full comment

1. low cocoa and gold prices.
2. Dwarves.
3. High rise buildings.
4. global recession.
5. Tapering.
6. End of the world-Apocalypse.
7. Redenomination.
8. Cyclical nature of economy.
9. Wage bill.
10. Kessben money laundering.
11. Development partners/friends.
12. Unavailability of CDB loan.
13. Wage bill.
14. Structure of the economy
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
So far these are some of the reasons the Mahama led NDC gov't has given for the collapse of the economy and the depreciation of the local currency.
The most interesting thing is that, as the situation gets worse as predicted by the brilliant and renowned Economist Dr. M. Bawumia, more bizarre and incomprehensible reasons would be adduced by the incompetent, clueless and corrupt NDC gov't. Ghanaians should brace up for more reasons as they continue to loot and the thievery escalates, which are the main reasons for the collapse of the economy and the depreciation of the cedi.
BOOM&BUST 9 years ago

They also said "boom and bust"...hahahaha. How can a party be soo incompetent?

They also said "boom and bust"...hahahaha. How can a party be soo incompetent?
ASANTEWA 9 years ago

GHANA is a 5th WORLD COUNTRY NOW.

STUPID MAHAMA and CO TO BE BLAMED.

FOOLS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

GHANA is a 5th WORLD COUNTRY NOW.

STUPID MAHAMA and CO TO BE BLAMED.

FOOLS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
ASANTEWA 9 years ago

GHANA is a SHAMEFUL COUNTRY NOW.

MAHAMA TO BE BLAMED.FOOL!!!!!!!!!!!!!

GHANA is a SHAMEFUL COUNTRY NOW.

MAHAMA TO BE BLAMED.FOOL!!!!!!!!!!!!!
Victor 9 years ago

If one was printing almost 10,000 cedis to exchange $1 and the transaction is made easier, how does that affect the value if 4 zeros are cancelled ? Arbitral rates were fixed by previous governments this time Kufour retained ...
read full comment

If one was printing almost 10,000 cedis to exchange $1 and the transaction is made easier, how does that affect the value if 4 zeros are cancelled ? Arbitral rates were fixed by previous governments this time Kufour retained the value and managed the economy better.h. How can a government pay over 2 Billion fraudulent judgement debt and keep a stable currency?
Dr.med.Acquah 9 years ago

Unfortunately, people don`t understand that redenomination of the Cedi has no effect on our economic crisis!We didn`t change 1 Cedi for 1 dollar!If you were a Cedi-millionaire before the redenomination, you were nomore one af ...
read full comment

Unfortunately, people don`t understand that redenomination of the Cedi has no effect on our economic crisis!We didn`t change 1 Cedi for 1 dollar!If you were a Cedi-millionaire before the redenomination, you were nomore one after the exercise!What weed are these people posting?Bad economic policies have brought us so far!
Jeanine 9 years ago

I believe without doubt that this is the most ignorant economist (if he really is one) in the whole universe. You mean people like this are given audience to open their mouths. This man is fake. Even look at the face like h ...
read full comment

I believe without doubt that this is the most ignorant economist (if he really is one) in the whole universe. You mean people like this are given audience to open their mouths. This man is fake. Even look at the face like he has Down's syndrome.
EZEKIEL 9 years ago

So are we going FORWARD or BACKWARD ???
Today HIPC, tomorrow middle income and Monday, a DEVELOPING COUNTRY ???
Ghanaians, learn to DO YOUR HOMEWORK and put your COUNTRY in Order!
ALL the paper NAMES will NOT put FOOD on t ...
read full comment

So are we going FORWARD or BACKWARD ???
Today HIPC, tomorrow middle income and Monday, a DEVELOPING COUNTRY ???
Ghanaians, learn to DO YOUR HOMEWORK and put your COUNTRY in Order!
ALL the paper NAMES will NOT put FOOD on the Table!!!
BOY KOFI 9 years ago

I will not be surprised if another govt comes in and ask foreigners to leave.The probability is real,after boom comes the burst with different consequences.Thank you.

I will not be surprised if another govt comes in and ask foreigners to leave.The probability is real,after boom comes the burst with different consequences.Thank you.
Kofi 9 years ago

Okay, lets go back and exchange $1.00 for 40,000 cedis to make the economy better!

Okay, lets go back and exchange $1.00 for 40,000 cedis to make the economy better!
Yaa 9 years ago

Ghanaians are very funny indeed. After Dramani has dished out billions of dollars to Woyome, SUBA, GYEEDA, ISFOTON, SADA, millions stolen at Tema port, IRA, national lotteries, paying Rawlings, 275 mps, 88 ministers, over 700 ...
read full comment

Ghanaians are very funny indeed. After Dramani has dished out billions of dollars to Woyome, SUBA, GYEEDA, ISFOTON, SADA, millions stolen at Tema port, IRA, national lotteries, paying Rawlings, 275 mps, 88 ministers, over 700 presidential staffers, over 275 district chief executives, buying more Landcruisers than saloon cars to drive through potholes, inflating the price of the presidential jet used by same man, mahama spending 10 days in America for a one day conference, digging 7 graves to bury one president, wasting borrowed dollar money to buy pads etc you want to be called a middle income country? Wao ! Don't blame the rede nomination. Look at the calibre of the ministers, mps,
Lolulou 9 years ago

Ghana has never been a lower middle income country. Which planet is this man on?

Ghana has never been a lower middle income country. Which planet is this man on?
crorkz matz 9 years ago

WH0ScA Thanks for sharing, this is a fantastic blog article.Thanks Again. Keep writing.

WH0ScA Thanks for sharing, this is a fantastic blog article.Thanks Again. Keep writing.

Ghana no longer middle-income country - Economist

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (92)

Read Comments Comments (92)