Ghana gov't opts for IMF bailout

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jOEy lOndOn 9 years ago

Go for it better than nothing..

Go for it better than nothing..
ATIVOR 9 years ago

This Nii MOI Thompson was very critical of Kuffour's economic policies when NPP was in government. Now we all know how useless an economist he is.

This Nii MOI Thompson was very critical of Kuffour's economic policies when NPP was in government. Now we all know how useless an economist he is.
politics 9 years ago

Good point, this will put Nana Bin Addo off. I bet All die be die champion will not contest for the flagbearer any longer, huhuuuuuhh.

Good point, this will put Nana Bin Addo off. I bet All die be die champion will not contest for the flagbearer any longer, huhuuuuuhh.
( KOLA outside LONDON ) 9 years ago

We don't need any bailout but we must rather bail John Mahama OUT.
After bailing the useless corrupt President out we automatically enjoy Bailout.

We don't need any bailout but we must rather bail John Mahama OUT.
After bailing the useless corrupt President out we automatically enjoy Bailout.
SARPONG 9 years ago

You are doing a good job putting some sense into the doodoo Ndc heads.

You are doing a good job putting some sense into the doodoo Ndc heads.
AKASANOMA 9 years ago

You see, you people think it is Mahama, it is such and such person. Do you think it is in the interest of the powers that be for you to develop/grow as witnessed a few years ago?

May Ghana's intelligence and think tanks le ...
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You see, you people think it is Mahama, it is such and such person. Do you think it is in the interest of the powers that be for you to develop/grow as witnessed a few years ago?

May Ghana's intelligence and think tanks learn to dodge the secrete ways employed by the West to wreck us. Not as if I'm blindly blaming it on those who migrate us from slavery to colonialism and to neo-colonialism. OH AFRICA!
AKASANOMA 9 years ago

Yes, that's what they do if you turn your back on them and decide to look for Chinese loans. Wo ara wob3ba wicked strategies are deployed to rope you in.IMF, WORLD BANK - ALL MEANT TO EXPLOIT THE WEAK. This is what explains t ...
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Yes, that's what they do if you turn your back on them and decide to look for Chinese loans. Wo ara wob3ba wicked strategies are deployed to rope you in.IMF, WORLD BANK - ALL MEANT TO EXPLOIT THE WEAK. This is what explains the formation of the BRICS (Brazil, Russia, India, China, South Africa)Block. My people!
SARPONG 9 years ago

Did the world Bank put a rope on our necks to steal our own resources? Didn't we go to them voluntarily?

So you think Chinese loans are better? China gives Ghana 3 billion dollars lone and collects 6.5 billion in fifteen y ...
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Did the world Bank put a rope on our necks to steal our own resources? Didn't we go to them voluntarily?

So you think Chinese loans are better? China gives Ghana 3 billion dollars lone and collects 6.5 billion in fifteen years at a cost of 13,000 barrels of oil a day at $85 dollars per barrel?

How can this government even sell or price a barrel of oil to China at $85 a barrel when at the time we signed that contract, a barrel of oil was selling at $115 per barrel? If you think Chinese are your friends, then you have a lot to learn.

This government is selling us to China as slaves because of the loans it has taken from China, the Chinese are turning Ghana and most of Africa into a laboratory test labs for their killer medicines. Ghana government cannot do anything about the Chinese galamsey operators because it comes with their loans.

The Chinese traders are dumping their inferior goods into Ghana including their electrical goods that has increased fire burnings in our country and you think these Chinese care about you?

China has 1.6 billion people and all they need is to send two million of those people into Ghana and with their technology, Ghana will become a China colony if we continue to have this foolish idea that Chinese are our friends.
GHFUO: nyantakyi, 1/9aa must go.ASAP! 9 years ago

4 more yrs!

4 more yrs!
walid 9 years ago

Ghana falks paying for on the job training of unquilfied mahama

Ghana falks paying for on the job training of unquilfied mahama
precious 9 years ago

Well said Sarpong.

Well said Sarpong.
NANA AKUFO ADDO 9 years ago

THIS ONE NAH WA O. IMF EQUALS NEOLIBERAL TRICKLE DOWN MODEL AND GMO FOODS TO FEED INVESTORS LIKE MONSANTO AND DUPONT, LAND GRAB AND PAINFUL AUSTERITY MEASURES. THEY'VE JUST TRICKED US TO IMPOSE NEOLIBERALISM ON OURSELVES. WE ...
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THIS ONE NAH WA O. IMF EQUALS NEOLIBERAL TRICKLE DOWN MODEL AND GMO FOODS TO FEED INVESTORS LIKE MONSANTO AND DUPONT, LAND GRAB AND PAINFUL AUSTERITY MEASURES. THEY'VE JUST TRICKED US TO IMPOSE NEOLIBERALISM ON OURSELVES. WE HAVE TO GET OUT OF THIS BAILOUT FAST AND FOCUS ON OUR HOMEGROWN POLICIES. LONG LIVE GHANA.
THE DRONE 9 years ago

...DR. M BAWUMIA SAID IF THE NDC GO ON LIKE THIS WITH THE ECONOMY THEN THEY WILL GO FOR IMF BAILOUT....HMMMM

...DR. M BAWUMIA SAID IF THE NDC GO ON LIKE THIS WITH THE ECONOMY THEN THEY WILL GO FOR IMF BAILOUT....HMMMM
LOOTERS 9 years ago

He told us that due to their mismanagement of the economy they would have no choice but seek an IMF bailout before the end of the year .......... AND THEY HAVE !!!!!! The NDC under Rawlings mismanaged the economy and took us ...
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He told us that due to their mismanagement of the economy they would have no choice but seek an IMF bailout before the end of the year .......... AND THEY HAVE !!!!!! The NDC under Rawlings mismanaged the economy and took us to the IMF. The NPP under Kufuor repaired the economy and freed us from the IMF. NOW THE NDC UNDER MAHAMA HAS DESTROYED THE ECONOMY AGAIN AND TAKEN US BACK TO THE IMF. THE GREEDY AND CORRUPT BASTARDS ARE ONLY GOOD AT LOOTING !!!
SARPONG 9 years ago

WHEN ARE WE GOING TO ACCEPT RESPONSIBILITY FOR OUR FOOLISHNESS INSTEAD OF ALWAYS BLAMING THE WEST OR NEO-COLONIALISM? AKASANOMA, HOW MANY MORE YEARS DO YOU NEED TO BLAME THESE ENTITIES BEFORE WE ACCEPT RESPONSIBILITY FOR OUR ...
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WHEN ARE WE GOING TO ACCEPT RESPONSIBILITY FOR OUR FOOLISHNESS INSTEAD OF ALWAYS BLAMING THE WEST OR NEO-COLONIALISM? AKASANOMA, HOW MANY MORE YEARS DO YOU NEED TO BLAME THESE ENTITIES BEFORE WE ACCEPT RESPONSIBILITY FOR OUR STUPID ACTIONS, AFTER 57 YEARS OF INDEPENDENCE?

Ghana has been plunged into an economic mess not because we lack resources to be a developed nation but our Politicians since Nkrumah's administration have failed the citizens and it is time the so called developmental partners who support our foolishness by making our Politicians lazy and corrupt should cut these aids off so that we will learn to live within our means. The title of this article sounds like I am unpatriotic but our dependency syndrome has made us mental slaves and a country on welfare 57 years after independence and that is disgraceful especially when such aid are banked in the offshore accounts of our corrupt Politicians.

My fellow countrymen and women, Ghana is on the precipice of Economic meltdown and our leaders are in an arsy- varsy way of correcting the problems. Even a jss student in Ghana is aware all our problems stem from the imbalance of our revenue and expenditure account so why do we keep tackling one side of the balance sheet, the revenue side without doing anything about the expenditure side?

Let's look at one how outrageous our politicians are dissipating our scant resources on themselves. A cabinet Minister in the present administration if you add all the benefits he receives earns more than GHc34,683 a month excluding some other benefits break down as follows

• Basic Salary – GH¢10,000 10,000
• Duty Allowance – 50% of basic salary 5,000
• Special Allowance – 30% of basic salary 3,000
• Entertainment Allowance – 35% of basic salary 3,500
• Wardrobe Allowance – 10% of basic salary 1,000
.Ex-gratia fixed at GH¢400,000 (for 48 mos) 1 400,000 8,333
• 45 Gallons of fuel a week 45 18 3,510
>>Subtotal >> >> 34,683

This does not include furnished accommodation, two cars, one 4x4 and a saloon car ,• One Chauffeur (est. Ghc800) 1 800 800
• One Cook (est. ghc600) 1 600 600
• One Garden Boy (est.Ghc500) 1 500 500
• One Steward (est. Ghc 350) 1 350 350
• One Security Guard(est. Ghc 350) 1 350 350
• Police Escort (est. Ghc 1200) 1 1,200 1,200

If a Minister of state is earning more than $10,000 in salaries and benefits a month, how much more is the President earning and our President has the audacity of telling Ghanaian Teachers, Nurses, Doctors, Farmers, civil servants and others that he has personally sacrificed by reducing his salary by ten percent(10%) when he is earning close to $15,000 a month in salaries and benefits with his own Airplane he has been using as a 'Trotro' when even some Western countries like Sweden, Norway, Finland leaders don't have their own Airplanes and travel on Commercial Airlines? The British Prime Minister travelled to Miami about two years ago on commercial Airline with his family for vacation but our President travelled to Dubai for his Christmas vacation on his own plane for more than two weeks with the plane parked at a hangar incurring parking charges taxpayers have to pay from their meager salaries through taxation and this man is talking about sacrifices. What sacrifices is he talking about?

General News of Sunday, 20 July 2014
Source: starrfmonline.com
Our partners ditched us in trying times – Mahama
President John Mahama says Ghana’s development partners have left the cocoa-producing West African country in the lurch, at a time when their assistance is desperately needed.“It is in challenging times that one needs their friends. Unfortunately, our development partners have not been as responsive to our homegrown fiscal stabilisation policy as I would have hoped,” he stated.

What a disgraceful and tumultuary way for a President of a sovereign country to beg for arms when these Politicians are living like Sheiks with their own fiefdoms Ministries and Constituencies.

Almost sixty years after independence, we are still talking about our developmental partners. What is the meaning of developmental partners? Folks, Mahama is talking about countries that give us free money and technical assistance in the form of grants but this "YENTIE OBIAA" President with tarantism itch to Daddy Lumba's "Yentie obiaa" song don't want our developmental partners advice. To Mahama, it is " SHOW ME THE MONEEEY!!!, BUT DON'T GIVE ME ANY ADVICE.

Friends Ghanaian countrymen, Ghana cannot and I repeat cannot solve our problems without cutting frivolous benefits to our Politicians and other top civil servants. Out of the over 700,000 public employees, more than 10,000 of these people receive free housing and car benefits and these are those who earn enough money to pay for all these freebies.

Our Politicians, both in power and opposition are not ready to cut down on these expenses because all of them including DCE's who also receive at least $35,000 every four years as ex-gratia are waiting for their turns to suck it to the poor Ghanaian taxpayers.4,500 housing units about 80% completed for low income people like Teachers, Nurses, Civil servants have been left to rot because those houses were started by the Kufuor government. Even Tony Aidoo, the Ndc loudmouth and Ghana Ambassador to Netherlands appealed to Mills administration to abandon all projects started by Kufuor government and instead fulfill Ndc manifesto. Is this how to administer a country?

The constitution of Ghana stipulates that political appointees and Parliamentarians should declare their assets not more than ninety days after assuming office, because of corruption, these people have refused to declare their assets.

Don't think it is only the Ministers who receive the outrageous benefits, the Members of Parliament, Deputy Ministers, Council of state members, all political appointees receive ex-gratia every four years.

These freebies mentality passed to us by Colonial administrators have passed their usefulness and should be stopped. Even Britain that enslaved us with this freebies don't practice it in Britain. They don't give Ministers free houses and cars as a benefit package and it is time we look at the expenses side of our budget and cut down on expenses to balance our balance sheet.

I appeal to our developmental partners not to give the government of Ghana a dime until we cut down on our expenses and corrupt practices. How can a country like Ghana lose $597 million from our Central bank without a trace and expect countries like USA, Britain, Germany and others to give us their citizens taxpayers money that does not even benefit the poor in Ghana society? Until we learn to live within our means, no country should give Ghana government a dime and all contributions to the poor citizens should be channeled through their NGO's in Ghana and UN agencies.

Ghanaians have had it with these corrupt politicians who only care about winning elections and not making a meaningful life for its citizens. NO MORE DEVELOPMENTAL PARTNERS DONATIONS, Ghanaians don't benefit from these donations. Maybe these countries can also do something when these Politicians start buying houses and other properties in their countries if they really want us to start walking after crawling for 57 years.
Abigie 9 years ago

You do make germane points to Ghana's development challenges. For one, the current crisis is the doing of Mahama's govt, no western country directed him/govt to pay the huge sums of fraudulent judgement debts, offer sweethea ...
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You do make germane points to Ghana's development challenges. For one, the current crisis is the doing of Mahama's govt, no western country directed him/govt to pay the huge sums of fraudulent judgement debts, offer sweetheart deals to cronies under SUBAH, GYEEDA, Merchant Bank, Woyomes, CP, Africa Automobile, and countless others...nevertheless, were they to cut off aid completely, the country at large suffers, while these personalities go live somewhere else with their ill-gotten booty. What we for do? For one, the world bank has to do better than agree to provide a loan to buy pads and I don't mean iPads, however small the amount pencilled in. For a country like Ghana, coming on the back of the Brazil debacle, was like rubbing pepper into an open sore. Civil society must be on top of these issues instead of only reacting after the fact and even then, it seems only after prompting and "what's in it for meitis". I do not agree that since Nkrumah no other politician/leader has done Ghana right, sure there have been more bad, including the current one, than good, but if you were right, we would be worst off than a basket case by now...
If the govt officials' salaries and other benefits were commensurate with their performance, all things being equal, revenues and expenditures would not be too far apart, and the agitation and disgrace would not be at these current levels. Any leader worth their salt and with the country at heart, would sell off all these luxury official vehicles, (45 gallons of petrol saved in addition per each leeching official) give up the basic salary at least, until the economy isimproved! We need to retrieve all stolen govt monies, not only evaded custom duties, rationalize income taxes, charge reasonable property rates, and rope in artisans and mechanics into the tax net for starters. Ghana needs a deep thinking selfless leader/s not never-do-wells whose mod us operandi are to amass wealth at Ghana's expense. my general take....
fredsaid 9 years ago

THEY ARE BLEEDING THE COUNTRY DRY WHILE REFUSING TO PAY TEACHERS, NURSES, DOCTORS AND OTHERS FOR UP TO 6 MONTHS I WISH WE COULD STOP PAYING THE POLITICIANS FOR 6 MONTHS AND SEE HOW THEY GET ON WITH LIFE.

ALL PARLIAMENTARI ...
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THEY ARE BLEEDING THE COUNTRY DRY WHILE REFUSING TO PAY TEACHERS, NURSES, DOCTORS AND OTHERS FOR UP TO 6 MONTHS I WISH WE COULD STOP PAYING THE POLITICIANS FOR 6 MONTHS AND SEE HOW THEY GET ON WITH LIFE.

ALL PARLIAMENTARIANS ARE ECONOMIC VAMPIRES AND ARE A DRAIN ON THE ECONOMY. IN CIVILISED DEMOCRACIES LEADERS AND PARLIAMENTARIANS ARE PAID A SALARY AND THEY HAVE TO TAKE CARE OF THEIR OWN EXPENSES LIKE EVERYONE ELSE EXCEPT AFRICA WHERE THE COLONIALLY INHERITED STATUS QUO IS STILL BEING PERPETUATED.
Senior Wisdom 9 years ago

Well this is the tactics that every incompetent African government has used. The West did not ask the AG to pay judgement debts, the west did not appoint infantile brains as ministers, the west did ask your politicians to tak ...
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Well this is the tactics that every incompetent African government has used. The West did not ask the AG to pay judgement debts, the west did not appoint infantile brains as ministers, the west did ask your politicians to take bribes. We are fed up with his attitude of blame. We have a very incompetent government with clueless ministers. Let us stop hyper-partisanship, cronyism, nepotism, extreme arrogance (she-she), and appointment well qualified and ministers who are able to engage their brains and we can achieve as any other country. But if we continue as we have always done then there is no hope, even if we blamed the whole world for our woes!
PRICE 9 years ago

Woyome, woyome, woyome, woyome, woyome, woyome ooo, gargantuan, wun ky3 diii.
The chickens have come home to roost. Thievery, thievery, and more thievery by the Mahama NDC gov't is the number one cause of all of Ghana's pro ...
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Woyome, woyome, woyome, woyome, woyome, woyome ooo, gargantuan, wun ky3 diii.
The chickens have come home to roost. Thievery, thievery, and more thievery by the Mahama NDC gov't is the number one cause of all of Ghana's problems. They need to resign.
GHFUO: nyantakyi, 1/9aa must go.ASAP! 9 years ago

In exchange for $500mil for your energy project......I smell hmmmm?.even the Russians and Europeans are against gmo foods! Who asked this mahama to borrow like a retard?

In exchange for $500mil for your energy project......I smell hmmmm?.even the Russians and Europeans are against gmo foods! Who asked this mahama to borrow like a retard?
PREKESE 9 years ago

MY FRIEND STOP THAT NONSENSE.WHAT GROW AND DEVELOPMENT HAVE YOU ACQUIRED IN THE PAST 5YEARS?.WE HAVE LEADERS WHO ARE LOOTERS PERIOD!.

MY FRIEND STOP THAT NONSENSE.WHAT GROW AND DEVELOPMENT HAVE YOU ACQUIRED IN THE PAST 5YEARS?.WE HAVE LEADERS WHO ARE LOOTERS PERIOD!.
Al 9 years ago

Must every single prediction of Dr. Bawumiah come true? Oh NDC!!!!!!!!!!!!!

Must every single prediction of Dr. Bawumiah come true? Oh NDC!!!!!!!!!!!!!
walid 9 years ago

THIS IS WHAT HAPPEN WHEN PEOPLE VOTE FOR A MAN THAT HAVE NO CLUE HOW TO TUN A COUNTRY

THIS IS WHAT HAPPEN WHEN PEOPLE VOTE FOR A MAN THAT HAVE NO CLUE HOW TO TUN A COUNTRY
PREKESE 9 years ago

LEAVE US ALONE YAFUNU BONE NNIM SE MASA,A THIEF IS A THIEF!.

LEAVE US ALONE YAFUNU BONE NNIM SE MASA,A THIEF IS A THIEF!.
tragic country lover 9 years ago

What has the govt admitting failure got to do with Nana Addo? You keep it up mate. We are a basket case ,yet there's people refusing to peel the blinkers from their eyes, when the country is totally fucked i pray you con ...
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What has the govt admitting failure got to do with Nana Addo? You keep it up mate. We are a basket case ,yet there's people refusing to peel the blinkers from their eyes, when the country is totally fucked i pray you continue to chant the same mantra, fucking punk arse nigger, WAKE UP!!!
Kojo T 9 years ago

Economics is not about knocking 4 zeros off the currency but about transformation and building a strong foundation K4 had no econmic plan

Economics is not about knocking 4 zeros off the currency but about transformation and building a strong foundation K4 had no econmic plan
Nana Yaw 9 years ago

Continue your stupidity until you realize one day that there is no future for your children. I wonder if you are one of those who are going through hardships in the country. You don't see any wrong in NDC. Idiots like you ar ...
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Continue your stupidity until you realize one day that there is no future for your children. I wonder if you are one of those who are going through hardships in the country. You don't see any wrong in NDC. Idiots like you are the very reason Ghana is in its current status. Well, kudos to you and the bunch of moron Nation Distroyers Council for according us the title of the Worst Currency in the World. You've made Zimbabwe currency looks like America Dollar.
Ghfuo, heaven is NOT for idiots! 9 years ago

How did an economy considered to be the fstaest riding economy on africa. End ip being the worst economy in the world? Ask this dumb fool!

How did an economy considered to be the fstaest riding economy on africa. End ip being the worst economy in the world? Ask this dumb fool!
Chick Wayo, Washington, D.C. 9 years ago

If Nii Moi Thompson has principles - and if he truly follows the genre of intellectual ethics and honesty, he must resign! Now this empty, loud mouth, all knowing Nii Moi will learn the hard way that talk is cheap. What inve ...
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If Nii Moi Thompson has principles - and if he truly follows the genre of intellectual ethics and honesty, he must resign! Now this empty, loud mouth, all knowing Nii Moi will learn the hard way that talk is cheap. What invective did he not pour on the last NPP administration? This goon still sits at Flagstaff House providing USELESS economic advise to sofocate the good people of Ghana. Shame on Nii Moi! He refuses to resign due to NOKOFIO ....
NOKOFIO 9 years ago

Why not John Mahama?

Why not John Mahama?
KT 9 years ago

USELESS, ONLY TALKS!

USELESS, ONLY TALKS!
ATIVOR 9 years ago

Talk is cheap indeed, nii moi.

Talk is cheap indeed, nii moi.
ATIVOR 9 years ago

How many properties has Mahama and his brother acquired in Britain?

How many properties has Mahama and his brother acquired in Britain?
ADAMU 9 years ago

THIS IS NO NEWS!

GHANA GOVERNMENT IS SO HOOKED ON LOANS THAT EVEN SANITARY PADS SUPPLY TO SHOOL GIRLS FROM HOPELESS PARENTAGE AND FAMILY BACKGROUNDS HAVE TO BE FUNDED WITH LOANS, LOANS AND MORE LOANS.

BLACK LEADERSHIP I ...
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THIS IS NO NEWS!

GHANA GOVERNMENT IS SO HOOKED ON LOANS THAT EVEN SANITARY PADS SUPPLY TO SHOOL GIRLS FROM HOPELESS PARENTAGE AND FAMILY BACKGROUNDS HAVE TO BE FUNDED WITH LOANS, LOANS AND MORE LOANS.

BLACK LEADERSHIP IS USELESS.

LOANS GALORE IS THE OBSESSION OF GHANA
Vince 9 years ago

If you don't know the Argentine situation, just be quiet.

If you don't know the Argentine situation, just be quiet.
jOEy lOndOn 9 years ago

Bend your tail,an attention seeking bug.

Bend your tail,an attention seeking bug.
SAMO JEWELLERY 9 years ago

let samo Jewellery design n customise yr dream wedding n engagement yellow n white gold rings for u......call or whatsapp us on 0244717600 to send u latest pictures to choose from.....can also follow us on Facebook/samojewell ...
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let samo Jewellery design n customise yr dream wedding n engagement yellow n white gold rings for u......call or whatsapp us on 0244717600 to send u latest pictures to choose from.....can also follow us on Facebook/samojewellery for more pictures.....stay at the comfort of yr office or room n choose yr ring n take yr own ring size.....n we do the rest......
ADAMU 9 years ago

THIS IS NO NEWS!

GHANA GOVERNMENT IS SO HOOKED ON LOANS THAT EVEN SANITARY PADS SUPPLY TO SHOOL GIRLS FROM HOPELESS PARENTAGE AND FAMILY BACKGROUNDS HAVE TO BE FUNDED WITH LOANS, LOANS AND MORE LOANS.

BLACK LEADERSHIP I ...
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THIS IS NO NEWS!

GHANA GOVERNMENT IS SO HOOKED ON LOANS THAT EVEN SANITARY PADS SUPPLY TO SHOOL GIRLS FROM HOPELESS PARENTAGE AND FAMILY BACKGROUNDS HAVE TO BE FUNDED WITH LOANS, LOANS AND MORE LOANS.

BLACK LEADERSHIP IS USELESS.

LOANS GALORE IS THE OBSESSION OF GHANA'S USELESS CORRUPT CREATE LOOT AND SHARE LEADERSHIP.

WHAT A COUNTRY AND IT CLUELESS USELESS HOPELESS LEADERSHIP.
LEADERS
Gyeeda, Sada, Subah, Woyome 9 years ago

What is this fool doing about Woyome money? What of Gyeeda, Sada and Subah money? This nincompoop must give us back our money and stop being stupid

What is this fool doing about Woyome money? What of Gyeeda, Sada and Subah money? This nincompoop must give us back our money and stop being stupid
Salifu 9 years ago

The source of all our economic problem can be traced from the Military governments, Much blame should be given to Rawlings the murderer.

The source of all our economic problem can be traced from the Military governments, Much blame should be given to Rawlings the murderer.
Kojo T 9 years ago

When Busia closed down silos nd 400+ factores that could have been yielding dividends today , then the problem started . We IMPORT TOO MUCH

When Busia closed down silos nd 400+ factores that could have been yielding dividends today , then the problem started . We IMPORT TOO MUCH
DusTY-FooT-pHiloSophER 9 years ago

Please Kojo T, it's on what terms is the IMF bailing us out on this economic challengers we are supposedly facing now since tripping to the IMF for a favour has never been a cheap journey in our history.

Please Kojo T, it's on what terms is the IMF bailing us out on this economic challengers we are supposedly facing now since tripping to the IMF for a favour has never been a cheap journey in our history.
Kojo T 9 years ago

What conditions have they laid out this time ?

What conditions have they laid out this time ?
THEO 9 years ago

IDIOT, WHY DIDN'T YOU ASK THAT QUESTION IN THE FIRST PLACE. HIPC PARTY, NDC TROKOSI PARTY.

THEY ALWAYS BANKCRUPT THE COUNTRY.

IDIOT, WHY DIDN'T YOU ASK THAT QUESTION IN THE FIRST PLACE. HIPC PARTY, NDC TROKOSI PARTY.

THEY ALWAYS BANKCRUPT THE COUNTRY.
DusTY-FooT-pHiloSophER 9 years ago

That's the big question am struggling to find out. We all have to stop playing politics when it comes to this stuff of going swimming with the big boy, more so, when Ghana is at stake. Else, we all end up paying the price at ...
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That's the big question am struggling to find out. We all have to stop playing politics when it comes to this stuff of going swimming with the big boy, more so, when Ghana is at stake. Else, we all end up paying the price at the long run irrespective of our party affiliation. Ghana at heart we must collectively stand on this one.
CONDITIONS 9 years ago

The conditions include 1. John Mahama should bring the $5billions dollars he took in 2012. 2. He should bring the Woyome money too. 3. The $20million dollars NDC HQ's in Adabraka, he should show where he got the money to buil ...
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The conditions include 1. John Mahama should bring the $5billions dollars he took in 2012. 2. He should bring the Woyome money too. 3. The $20million dollars NDC HQ's in Adabraka, he should show where he got the money to build it and return that money. 4. He should bring the Isofoton loot. 5. He should bring the SADA loot. 6. He should bring the Akonf3m loot. 7. He should bring the Gyeeda loot. 8. He should bring the Subah loot. 9. He should bring the Waterville loot. 10. He should bring the Zoomlion loot. 11. He should bring the Rlg loot. 12. He should bring the CP loot.
They estimate that the quantum of all this money should be in the region of about $8billion dollars or more, and that amount is even more than their bailout money earmarked for the whole of the African continent.
SARPONG 9 years ago

Of the 400 factories Busiah closed down, name even ten. Sorry, just name 5. Your bigotry and hate of Busiah will send you to your grave a hate filled old fool.

Of the 400 factories Busiah closed down, name even ten. Sorry, just name 5. Your bigotry and hate of Busiah will send you to your grave a hate filled old fool.
Frank Agyena-Karikari 9 years ago

Kojo T will never blame Papa jerry, even including the murder of innocent people that Jerry himself admits some of those people had to be SACRIFICED even though they were innocent. Jerry, like Napoleon is always right.

Kojo T will never blame Papa jerry, even including the murder of innocent people that Jerry himself admits some of those people had to be SACRIFICED even though they were innocent. Jerry, like Napoleon is always right.
DOUGLAS 9 years ago

WAO. what a well managed economy
\

WAO. what a well managed economy
\
KOZI AGBE 9 years ago

AFTER CHOPPING ALL OUR MONEY WHICH THE LED OUR COUNTRY TO BANKRUPTCY, THE MAHAMA LED NDC GOVT SEEKS FOR MONEY TO REVIVE THE ECONOMY. IN LESS THAN 1 YEAR, THE ECONOMY WOULD WORSE THAN BEFORE. THIS IS BECAUSE THE SAME GROUP O ...
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AFTER CHOPPING ALL OUR MONEY WHICH THE LED OUR COUNTRY TO BANKRUPTCY, THE MAHAMA LED NDC GOVT SEEKS FOR MONEY TO REVIVE THE ECONOMY. IN LESS THAN 1 YEAR, THE ECONOMY WOULD WORSE THAN BEFORE. THIS IS BECAUSE THE SAME GROUP OF CORRUPT PEOPLE WOULD RUNNING THE STATE OF AFFAIRS OF THE COUNTRY. MAHAMA IS INCOMPETENT AND CORRUPT INDEED, GIVING FREE MONEY TO ZOOM-TIGER, RLG ETC.
YawZa 9 years ago

Dr. Bawumia has said that the way Mahama NDC have done with the economy, it will not be long before they sought IMF help.
Today we here they are doing just that.
We simply have voted to power an incompetent administration.

Dr. Bawumia has said that the way Mahama NDC have done with the economy, it will not be long before they sought IMF help.
Today we here they are doing just that.
We simply have voted to power an incompetent administration.
ASS HOLE FOLEY 9 years ago

THIS THIFS ARE GOING TO SELL OUR COUNTRY OMG THE MONEY THIS ASS HOLES ARE GOING FOR IS FOR THE MINISTERS AND THE MPS TO BUY 8HOUSES AND 10CARS PLS PLS DONT DO THIS TO MOTHER GHANA

THIS THIFS ARE GOING TO SELL OUR COUNTRY OMG THE MONEY THIS ASS HOLES ARE GOING FOR IS FOR THE MINISTERS AND THE MPS TO BUY 8HOUSES AND 10CARS PLS PLS DONT DO THIS TO MOTHER GHANA
kofi 9 years ago

Borrowing money is one thing, but effective use of the money is also another story in Ghana. We can borrow and borrow, but if we do not use the money effectively but rather keep at least 70% in political pockets then we canno ...
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Borrowing money is one thing, but effective use of the money is also another story in Ghana. We can borrow and borrow, but if we do not use the money effectively but rather keep at least 70% in political pockets then we cannot go anywhere.
Sit up Mahama and NDC, do the work but now talk talk.
STEVE 9 years ago

In my opinion, European countries, (Greece, Spain, Portugal, Cyprus) applied to the IMF/EU funds to avoid bankruptcy, so why not. If that saves our economy downtrend then is ok. Some people will politicise the option, but is ...
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In my opinion, European countries, (Greece, Spain, Portugal, Cyprus) applied to the IMF/EU funds to avoid bankruptcy, so why not. If that saves our economy downtrend then is ok. Some people will politicise the option, but is the right thing to do., LONG LIVE GHANA.
jj Rawlings 9 years ago

The cedi becomes useless.

The cedi becomes useless.
Abankaba 9 years ago

So didn't you know it was coming. Mahama does not know his left from his right yet you voted for him. Shame to you all!

So didn't you know it was coming. Mahama does not know his left from his right yet you voted for him. Shame to you all!
WTF! 9 years ago

Never trust an IMF operative. Once an IMF agent, always an IMF agent. The self-styled "expert" has now advised the govt to call in the IMF, notwithstanding the terrible history of the IMF in Ghana especially in the 80s and 90 ...
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Never trust an IMF operative. Once an IMF agent, always an IMF agent. The self-styled "expert" has now advised the govt to call in the IMF, notwithstanding the terrible history of the IMF in Ghana especially in the 80s and 90s during the catastrohic P/NDC misrule! That's all NDC knows how to do: create, loot and share then call in the IMF for a "bailout".

And to think that this idiot calls himself an "Nkrumaist" and hides within the folds of CPP! No wonder CPP get zero votes in elections. A party of operatives for foreign organizations!
Ebibiman 9 years ago

Lost country .

Lost country .
Onipaba Of Akyem Maase 9 years ago

NDC hippocricy. Where are your men now? What happened to the Senkyi Forum? Hooo. I hoot at you. Mahama does not listen. Go to Bawumia for economic wisdom. I urdge the IMF to ivestigate and audit SADA, SUBA, Azontogba, etc.

NDC hippocricy. Where are your men now? What happened to the Senkyi Forum? Hooo. I hoot at you. Mahama does not listen. Go to Bawumia for economic wisdom. I urdge the IMF to ivestigate and audit SADA, SUBA, Azontogba, etc.
kk, London 9 years ago

Leadership leadership leadership,our biggest problem. Who will solve our problems for us better than ourselves.
We should go back to history,IMF is a curse and if the nation has been handed over to these imperialists, then ...
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Leadership leadership leadership,our biggest problem. Who will solve our problems for us better than ourselves.
We should go back to history,IMF is a curse and if the nation has been handed over to these imperialists, then our leaders have failed us woefully once again. Oh what a shame!!
Moe 9 years ago

Warts and all, ex - Prez Jon Kufuor's govt ensured Ghana's relationship with the IMF became a partnership by the time they left office. In less than 6 years, thanks but no thanks to Prez Mahama and the NDC, we are back to a m ...
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Warts and all, ex - Prez Jon Kufuor's govt ensured Ghana's relationship with the IMF became a partnership by the time they left office. In less than 6 years, thanks but no thanks to Prez Mahama and the NDC, we are back to a master-slave relationship. More grease to your elbow, Prez Mahama and the NDC, where will Ghana be without you. God help us.
Good news 9 years ago

Foreigners will now control the economy sidelining the dudui NDC economists and president. The price to pay for voting foolishly

Foreigners will now control the economy sidelining the dudui NDC economists and president. The price to pay for voting foolishly
Nana Yaa New York city 9 years ago

Its really terrible how tight we've boxed ourself into such a tight corner !Pretty terrible my heart bleeds for Ghana!our leaders played around,management of our economy was left in da hands of "apprentice new entrants"who w ...
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Its really terrible how tight we've boxed ourself into such a tight corner !Pretty terrible my heart bleeds for Ghana!our leaders played around,management of our economy was left in da hands of "apprentice new entrants"who were overwhelmed and rather arrogant and foul mouthed.Some of said warned but we were not ministers political stooges so mud was thrown at us .Let us wait for the conditionality's!An economy is NEVER run on propaganda you w ill definitely be exposed somehow someday.
Its like running ti your Dad to tell him Dad I've messed up!you will be consoled counseled but you will pay a price,in IMF case conditionalities.freeze in employment,removal of subsidies,full cost recovery outsourcing of mgt teams etc lets brace ourself up under Prez Mahama administration!An economy that was said barely a year ago to be the fastest growing economy,and unprecedented in the whole of Africa just last Friday 31/07/2014 had the weakest currency in the whole world hmm.....
TAWIAH - RESTON ~ VIRGINIA, U S A. 9 years ago

You see, killing J.E.A. Mills to become Ghana's President will be on your head till you leave the seat. Buying houses here in America for your family members and massive spending has brought Ghana this far. J.D.M

You see, killing J.E.A. Mills to become Ghana's President will be on your head till you leave the seat. Buying houses here in America for your family members and massive spending has brought Ghana this far. J.D.M
BOY KOFI 9 years ago

I will not be surprised if Ghana ask foreigners to leave the country because of economic problems.The "Ghana must go concept" that happened in Nigeria in the 80s is what we are experiecing now.Ghanaians don't see anything goo ...
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I will not be surprised if Ghana ask foreigners to leave the country because of economic problems.The "Ghana must go concept" that happened in Nigeria in the 80s is what we are experiecing now.Ghanaians don't see anything good in their country but foreigners are flooding into the country everyday from everywhere.Why?This is just a theory.Thank you.
Djata bi ofei 9 years ago

Mahama has very much disgraced me after all these years of fighting on his behalf for a youthful blood to lead this nation. I am so devastated by his inability to be smart as he used to be when he was a minister. I saw him to ...
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Mahama has very much disgraced me after all these years of fighting on his behalf for a youthful blood to lead this nation. I am so devastated by his inability to be smart as he used to be when he was a minister. I saw him to be very intelligent and quick thinker. As of today i have decided not to argue with anyone about my party ndc cos we are a bunch of talkers. Before leaving Ghana to london, i had the desire to be one of the leaders in ndc in Tema even though my family never liked the idea as someone from eastern and greater accra region. I wont argue anymore.
Onipaba Of Akyem Maase 9 years ago

Mahama is only a fiction. Don't trust him. He is never a leader. Even he disbelives his own predential legitimacy. Sorry for following the beauty of a harmful snake.

Mahama is only a fiction. Don't trust him. He is never a leader. Even he disbelives his own predential legitimacy. Sorry for following the beauty of a harmful snake.
Ms. Eshun 9 years ago

Share with the country what other options are available to us beside borrowing from the IMF. It seems all we ever do is wrack up debts with the expectation that others would pay for us. We need to consider ways of becoming s ...
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Share with the country what other options are available to us beside borrowing from the IMF. It seems all we ever do is wrack up debts with the expectation that others would pay for us. We need to consider ways of becoming self-sufficient and stop relying on other nations to bail us out all the time.
KWAME, BELGIUM 9 years ago

During the regime of Gen. I.K. Acheampong, Ghana adopted the YENTUA system so if the NDC wants to try somthing without the IMF or whatever it is, why do we give a trial?

During the regime of Gen. I.K. Acheampong, Ghana adopted the YENTUA system so if the NDC wants to try somthing without the IMF or whatever it is, why do we give a trial?
kad 9 years ago

Hopeless president and his hopeless administration.....

Hopeless president and his hopeless administration.....
Kofi 9 years ago

I thought our new-found saviour was China? Small boys are young.

I thought our new-found saviour was China? Small boys are young.
Ghanaian 9 years ago

When are we going to stop running to these bodies for help? Kuffuor did it less than a decade ago, and it seems the country received no benefits from the exercise. So why should we be listened to again?
The first condition I ...
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When are we going to stop running to these bodies for help? Kuffuor did it less than a decade ago, and it seems the country received no benefits from the exercise. So why should we be listened to again?
The first condition IMF should set is for Mahama and his ministers to halve their gargantuan salaries, forego free fuel and all other freebies, and live just like ordinary Ghanaians.
I would rather suggest that Mahama and his misfits should resign in bulk and leave the country to people who are ready to lead us to the Promised Land.
OMANHENE 9 years ago

useless ndc govt, clueless bastards are now feeling the heart of their stupidity by not listening to BAWUMIA FOR advise.criminal gangs parading themselves as party.SHAME,SHAME.

useless ndc govt, clueless bastards are now feeling the heart of their stupidity by not listening to BAWUMIA FOR advise.criminal gangs parading themselves as party.SHAME,SHAME.
KWAA 9 years ago

Today this,tommorrow that.
What next?

Today this,tommorrow that.
What next?
ATIVOR 9 years ago

Get rid of these thieving bastards before they destroy our country.

Get rid of these thieving bastards before they destroy our country.
MAAME 9 years ago

The problem is not the country being broke but John Mahama , his family and cronies hiding ghana's money for themselves and faking bankruptcy for the country, God will deal with them .I can assure Ghanaians that John Mahama ...
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The problem is not the country being broke but John Mahama , his family and cronies hiding ghana's money for themselves and faking bankruptcy for the country, God will deal with them .I can assure Ghanaians that John Mahama and his government will never know how to use this bailout money, this is another yen nky3 ndi.Ghana is in wrong hands and come 2016 do not let their handouts be an excitement to you bcos you the people of ghana will pay later, NDC is so desperate to retain power to continue with their thieving that, they are ever ready to even if it comes to selling the whole country they will do that bcos they take Ghanaians as fools.NDC is short of ideas, give them hundred and over years it will be the same thing of incompetency and thieving, ndc didn't fight for power to better the lives of ghanaians but themselves and power to destroy whoever opposes them.Fellow Ghanaians this is the time to say enough is enough to ndc and take your destiny into your own hands by showing them the exit to taste what they let you eat. My people, take heart for we are praying feverntly for God's intervention at the shortest possible time and in the wisdom of our God a miracle of deliverance will happen for all Ghanaians to be set FREE. SHALOM.
EZEKIEL 9 years ago

Now, the Pepper is coming from IMF/WB
All those 40,000 drivers will see some redundant and WASTE in EVERYTHING we do! ALL THESE will concern IMF...Go and ask Greece what they are going through!!
Blackman,endowed with so mu ...
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Now, the Pepper is coming from IMF/WB
All those 40,000 drivers will see some redundant and WASTE in EVERYTHING we do! ALL THESE will concern IMF...Go and ask Greece what they are going through!!
Blackman,endowed with so much... BUT WE JUST CAN'T due to Dis-honesty, Greed,Selfishness,sycophancy etc.
THIE SOUP WILL BE VERY SALTY!!
How many years AFTER HIPC ????? We are just NOT able, period!
SB 9 years ago

Our country has been Sold, I am ashamed by our leaders.

Our country has been Sold, I am ashamed by our leaders.
BOOM&BUST 9 years ago

Hehehehe....e de be k3k3 innit? When the highly lethal combination of crass thievery and unmitigated incompetence was being unleashed by the Mills-Mahama-Amissah Arthur NDC gov't in a meaningless sloganeering of e de bee k3k3 ...
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Hehehehe....e de be k3k3 innit? When the highly lethal combination of crass thievery and unmitigated incompetence was being unleashed by the Mills-Mahama-Amissah Arthur NDC gov't in a meaningless sloganeering of e de bee k3k3, what did you expect?
The predictions of sharp thinkers who know what they are about are coming to play, it's now you are screaming. You ain't seen nothing yet.
PREKESE 9 years ago

CAN THIS USELESS LOOTER ABIDE THE RULES OF IMF?.BEAR IN MIND,THEY ARE GOING TO LEAD YOU HOW TO USE THAT LOAN.THE CLUELESS IS PUTING NTAMPE HOMA AROUND HIS LONG NECK.HE HAS CHOPPED WHAT HE WAS SUPPOSED NOT CHOP,BECAUSE OF YEBE ...
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CAN THIS USELESS LOOTER ABIDE THE RULES OF IMF?.BEAR IN MIND,THEY ARE GOING TO LEAD YOU HOW TO USE THAT LOAN.THE CLUELESS IS PUTING NTAMPE HOMA AROUND HIS LONG NECK.HE HAS CHOPPED WHAT HE WAS SUPPOSED NOT CHOP,BECAUSE OF YEBEDII KEKE AND YENTIE OBIAA HE HAS NOW TURNED TO BE A BEGGAR.HAHAHAA NOW HE CAN'T TACKLE,AYI KOO MAHAMAH!.
MUMU VOTERS 9 years ago

Loan signing president

Loan signing president
MUMU VOTERS 9 years ago

We voted u to sign loan

We voted u to sign loan
Abena 9 years ago

Well now all those 'instant gratification' voters will suffer as the rest of us! Every Ghanaian knows how DUMB NDC is, yet some Ghanaians allowed themselves to be bribed with petty cash, bicycles and lately 4 wheel drives to ...
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Well now all those 'instant gratification' voters will suffer as the rest of us! Every Ghanaian knows how DUMB NDC is, yet some Ghanaians allowed themselves to be bribed with petty cash, bicycles and lately 4 wheel drives to our outmoded chieftacy system. When most countries are running away from IMF with its harsh leverages, Ghanaians once again have stepped to the plate to further impoverish its citizen. Mahama, i am loss for words to describe you.
CHRIS 9 years ago

The useless blame game must stop.Let's face facts and make constructive arguments instead of the bickering.Let me remind those who wish that the gov't of the day should fail that irrespective of your political leanings we are ...
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The useless blame game must stop.Let's face facts and make constructive arguments instead of the bickering.Let me remind those who wish that the gov't of the day should fail that irrespective of your political leanings we are all suffering the same hardship.Let's pray they take prudent steps to arrest the challenges.Ghana is not for the politicians-it's for Ghanaians.LONG LIVE GHANA.
KOO 9 years ago

If this report is true then the President was not truthful when he told Ghanaians that by the end of the year the economy will turn around.Is his assumption based on his home grown solutions or on the IMF program?. I think th ...
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If this report is true then the President was not truthful when he told Ghanaians that by the end of the year the economy will turn around.Is his assumption based on his home grown solutions or on the IMF program?. I think the man is confused propping himself up with half truth and propaganda.
Appiah 9 years ago

IT IS ON RECORD THAT IMF AND WORLD BANK HAS NEVER MADE LOSSES FOR ITS INVESTORS. ITS A HUGE PROFIT MAKING MACHINE PREYING ON THE POOR AND IMPOVERISHED COUNTRIES. ALL DECENT PROGRESSIVE COUNTRIES WILL PREFER TO SUFFER AND AVOI ...
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IT IS ON RECORD THAT IMF AND WORLD BANK HAS NEVER MADE LOSSES FOR ITS INVESTORS. ITS A HUGE PROFIT MAKING MACHINE PREYING ON THE POOR AND IMPOVERISHED COUNTRIES. ALL DECENT PROGRESSIVE COUNTRIES WILL PREFER TO SUFFER AND AVOID IMF, BUT YEA AND BEHOLD, WE HAVE CLUELESS, SEMI EDUCATED MEN AND WOMEN MANNING GHANA JUMPING AND SQUEALING IN DELIGHT, BECAUSE THE MONEY WILL BE TRANSFERRED IMMEDIATELY INTO THEIR PRIVATE SWISS ACCOUNTS.
GOD HELP GHANA 9 years ago

Yes, IMF is Ebola of the worst kind : total austerity for the majority and loss of ownership of all assets - whatever little remains in Ghana!

Yes, IMF is Ebola of the worst kind : total austerity for the majority and loss of ownership of all assets - whatever little remains in Ghana!
Nii Akwei 9 years ago

People need to speak up. This not NDC or NPP matter. It is about the future of Ghana.

People need to speak up. This not NDC or NPP matter. It is about the future of Ghana.
Samuel Asare-Nkansah(USA) 9 years ago

Fellow Ghanaians,how long should we wait to save our beloved country from going into it's economic grave.Ghana is a very rich country in terms of resources(both mineral and human)with a sizeable population of only 23 million. ...
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Fellow Ghanaians,how long should we wait to save our beloved country from going into it's economic grave.Ghana is a very rich country in terms of resources(both mineral and human)with a sizeable population of only 23 million.Yet,in spite of these assets,the country seems to fall at an increasing rate.We elect people into office who come to self themselves along with doses of incompetence.How long can this go on fellow Ghanaians? If a CEO of a fortune 200 company in America can head a company,make money for the shareholders and even still, enough profit to generate bonuses for the employees,why can't presidents of Ghana do the same?The root cause of our problem is corruption (80%) and mismanagement(40%).This discrepancy had ran through every successive government.While the leaders are not relatively corrupt,the rank on files have been doing the damage.Stealing and hiding money abroad and they end up not being investigated.Until that stupid indemnity clause is eradicated, this will go on until Ghana drops.Land to land,Ghana is far richer than USA, but all the above vices have retrogreesed us.We love our country and we should not be mute for selected people to bring her to the grave.This applies to all parties and prospective candidates must be scrutinized well before voted into office.Again, it is not NDC,NPP,CPP issue but the Ghanaian human nature problem.I bet you, all those people who want to be presidents,MP etc have their own agenda.
PRICE 9 years ago

The Mahama NDC gov't for having failed to improve on the finances and the economy of the country and having plunged Ghana into the doldrums need to resign. The Mahama NDC gov't needs to resign.

The Mahama NDC gov't for having failed to improve on the finances and the economy of the country and having plunged Ghana into the doldrums need to resign. The Mahama NDC gov't needs to resign.
Gyeeda, Sada, Subah, Woyome 9 years ago

What is this fool doing about Woyome money? What of Gyeeda, Sada and Subah money? This nincompoop must give us back our money and stop being stupid.

What is this fool doing about Woyome money? What of Gyeeda, Sada and Subah money? This nincompoop must give us back our money and stop being stupid.
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 ECONOMY.

EVEN THE OIL DESCOVERY HAS BEEN THE PERSONAL PROPERTY OF NDC CRIMINALS AND THAT HAS CONTRIBUTED TO THE AILING ECONOMY.
DR KWAME OSEI - MODERN GHANA.COM 9 years ago

Well this is the death nail of Ghana that has been signed by a clueless and wotless NDC Government - Have not these NDC learned the lessons of history!!! - look at what the IMF has done to Grece, Spain, Portugal, Ireland, Ita ...
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Well this is the death nail of Ghana that has been signed by a clueless and wotless NDC Government - Have not these NDC learned the lessons of history!!! - look at what the IMF has done to Grece, Spain, Portugal, Ireland, Italy etc they have imposed austerity measures on these ountries that has crippled thier economies and has created millions of unemployed - Ghana WILL NOW FACE THE CONSEQUENCES OF GOING TO THE IMF - IN 6 MONTHS EVERYTHING WILL SEEM OK BUT THE LONG TERM, THINGS WILL GET VERY DIFFICULT WITH MORE UNEMPLOYMENT A POSSIBLE DEVALUATION BY PROXY OF THE CEDI, SELLING MORE STATE ASSETS LIKE ECG, TOR, BANK OF GHANA, STATE LAND IN ACCRA ETC I PREDICTED 4/5 YEARS AGO THAT GHANA WILL EXPERIENCE THE DIFFICULTIES IT NOW FACES - I PREDICT THAT GHANA WILL FACE MAJOR DIFFICULTIES IN THE NEXT 5 YEARS AS A RESULT OF SURRENDING OUR SOVERIENTY TO THE IMF - KWAME NKRUMAH IS CRYING IN HIS GRAVE - SHAME ON NDC A SUPPOSED SOCIAL DEMOCRATIC PARTY - IF GHANAINAS HAD ANY SENSE THEY SHOULD IN 2016 VOTE CPP OR NPP OT PPP AND GET RID OF THESE INCOMPETENT NDC BUFFOONS - ONLY THIER MENTALLY ENSLAVED DIE HARD SUPPORTERS CANNOT SEE THE DANGER NDC IS PUTTING GHAANA IN!!!
oppong london 9 years ago

this is what ndc can do ,destroying and looting ghana.ndc has totally collapsed ghana.

this is what ndc can do ,destroying and looting ghana.ndc has totally collapsed ghana.
Nana (UK ) 9 years ago

We told you! This Mahamanomics is useless and clueless

We told you! This Mahamanomics is useless and clueless
kwame 9 years ago

Oh Ghana why?

Oh Ghana why?
Military Man 9 years ago

Oh Ghana... what happened to you to deserve being stripped of your dignity?

Now see how "on bended knee" beggar addicts your so-called care takers have become after mismanaging and stealing your immense wealth which has le ...
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Oh Ghana... what happened to you to deserve being stripped of your dignity?

Now see how "on bended knee" beggar addicts your so-called care takers have become after mismanaging and stealing your immense wealth which has left you in tatters... a mere shell of your beautiful self!!!!!

I shed tears for you everyday, Mother Ghana....wondering when your woes will end.

GOD... PLEASE HELP GHANA!!!!
It's True 9 years ago

This should have taken place long ago but the govt was just dragging its feet to safe the country's face. After massive corruption that has bedevilled the country, the govt had no choice but to beg for bailout. This is an inc ...
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This should have taken place long ago but the govt was just dragging its feet to safe the country's face. After massive corruption that has bedevilled the country, the govt had no choice but to beg for bailout. This is an incompetent govt and Ghanaians must rise up to show the NDC gov't exit into opposition come 2016, God willing.
Gyeeda, Sada, Subah, Woyome 9 years ago

In the township of the blind, the one eyed man is the king. Mahama is so hot he wants to leave the kitchen but NDC has no one to replace him. Even Amissa Atta is worse so they have nowhere to turn. Mahama himself said we will ...
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In the township of the blind, the one eyed man is the king. Mahama is so hot he wants to leave the kitchen but NDC has no one to replace him. Even Amissa Atta is worse so they have nowhere to turn. Mahama himself said we will see his back before 2016 but now is it going to be Asiedu the rotten teeth Nkatia or who? The body or the where? They have nobody that is why he is hanging in there as a she goat.You can be supportive of Jon Mahma as much as you like. That irrespective, Jon Mahama is a thief. He was being investigated by ex president Mills before the latter died so suddenly even as he was fighting his cancerous ilsm. No matter what you say, the truth can never hide itself from the masses for long. Jon Mahama is a thief and that all we know. The man is a criminal and the NDC party is a criminal organization. The whole world is aware of it and anyone who doubts this must tell me why and how Woyome was paid this gargantuan amount of money for no work done. Then explain to innocent Ghanaians the motive behind Gyeeda, Sada, Subah and the sale of the Merchant Bank to NDC goons. The people are criminals and you your self are aware of it so you can go to hell and jump the skies...then fall down with your head on the ground, Jon Mahma is a thief, period.
Nana (UK ) 9 years ago

God save Ghana for this useless and clueless President. Everything he does brings the worse out of him. The sooner he goes the better. At the mention of his name even Nkomfem run to seek refuge in Burkina Faso , tress dies an ...
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God save Ghana for this useless and clueless President. Everything he does brings the worse out of him. The sooner he goes the better. At the mention of his name even Nkomfem run to seek refuge in Burkina Faso , tress dies and the cedi crumbles. This is our Mahama of Ghana . He is dangerous and and worse than Ebola .
Meh 9 years ago

It was only a matter of time for govt to go to the IMF for a bailout. It will take a while for them to work out the details but Ghanaians should prepare for massive retrenchment of govt employees and the currency falling to ...
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It was only a matter of time for govt to go to the IMF for a bailout. It will take a while for them to work out the details but Ghanaians should prepare for massive retrenchment of govt employees and the currency falling to around 5 cedis to a dollar.
owner the greet 9 years ago

Jest tell the true and be free, why are you trying to lie again

Jest tell the true and be free, why are you trying to lie again
saco savior church 9 years ago

mahama what is wrong with this guy. meaning more government workers are going to be sacked

mahama what is wrong with this guy. meaning more government workers are going to be sacked
USA 9 years ago

Again and again after 50 + years after independence !

Again and again after 50 + years after independence !
Papa Yaw. 9 years ago

So

So
TM 9 years ago

WHO TO BLAME MAHAMA OR HIS APPOINTEES OR THE CIVIL SERVANTS WHO GO TO WORK AT 11AM INSTEAD OF 8AM AND LEAVE 2PM INSTEAD OF 5PM AND BLAME IT ON TRAFFIC

WHO TO BLAME MAHAMA OR HIS APPOINTEES OR THE CIVIL SERVANTS WHO GO TO WORK AT 11AM INSTEAD OF 8AM AND LEAVE 2PM INSTEAD OF 5PM AND BLAME IT ON TRAFFIC
cha 9 years ago

The have destroyed the country

The have destroyed the country
kwanawu 9 years ago

Why mr Mahama, why

Why mr Mahama, why
papa hak 9 years ago

Oooh Ghana, we have lost it all. where is Mahama led administration taking Ghana to?

Oooh Ghana, we have lost it all. where is Mahama led administration taking Ghana to?
BAFFOUR -- YAW 9 years ago

Now is the end of lower middle income status,everything Kuffour puts in place become disastrous within 5 yrs.we all have to deal with it as no where to call home.

Now is the end of lower middle income status,everything Kuffour puts in place become disastrous within 5 yrs.we all have to deal with it as no where to call home.
Oman ba pa. 9 years ago

OYIWA!!!!!!!

OYIWA!!!!!!!
Concerned 9 years ago

Did you hear Bawumia, they borrowed $2.5billion to prop up the cedi. Aren't we paying for that? Stop and listen when these crafty politicians talk

Did you hear Bawumia, they borrowed $2.5billion to prop up the cedi. Aren't we paying for that? Stop and listen when these crafty politicians talk
WHERE'S NPP ? 9 years ago

NDC KEEPS WRECKING GHANA TO IT'S TOES - LOAN AFTER LOAN , NO EXPLATION HOW GHANA WILL PAY IT BACK . WHERE'S OPPOSITION DID THEY VOTE FOR IT OR MAHAMA JUST USING HIS POWER FOR EVERYTHING .

NDC KEEPS WRECKING GHANA TO IT'S TOES - LOAN AFTER LOAN , NO EXPLATION HOW GHANA WILL PAY IT BACK . WHERE'S OPPOSITION DID THEY VOTE FOR IT OR MAHAMA JUST USING HIS POWER FOR EVERYTHING .
Clever 9 years ago

Wishful thinking. He is a better face than Nana Addo

Wishful thinking. He is a better face than Nana Addo
Daniel 9 years ago

There is one particular country in the world that want Ghana not to develop fully its economy and make life better for its people. This country dumped too much money in Ghana and as a result destabilize the economy. The also ...
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There is one particular country in the world that want Ghana not to develop fully its economy and make life better for its people. This country dumped too much money in Ghana and as a result destabilize the economy. The also spy on Ghanaians and the Ghana government. The also have hired Ghanaians to spy on the Ghana government. I wonder why this is going on. I want the Ghana government to be very, very careful in dealing with any country, except African countries. Ghana is endowed with natural riches and should not be going through unnecessary economic hardship. The problem is not John Mahama's governing style, but the destabilization that is going on is the problem.
Tango & Cash 9 years ago

Now those idiots who were shouting that stupid mantra - EDEY Bi K3K3 should all hold their knuckle heads in shame. From growth to bust!
And don't tell me it bcos of global crisis! It down to piss poor management of the eco ...
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Now those idiots who were shouting that stupid mantra - EDEY Bi K3K3 should all hold their knuckle heads in shame. From growth to bust!
And don't tell me it bcos of global crisis! It down to piss poor management of the economy period.

Now thanks to the IMF there will be probity in the use of thier cash. I hope one of the conditions to this bail out is firstly for the government to reduce its ministers from 83 or so to 25!
kofi kofi 9 years ago

shame on you fucking politricktians

shame on you fucking politricktians
AKONFEM MAHAMA BAD LUCK 9 years ago

OH GHANA PAA NIE??? HMMMMM ASEM BEBA DABI OOOOOOOOOO

OH GHANA PAA NIE??? HMMMMM ASEM BEBA DABI OOOOOOOOOO
Asumdjwehene 9 years ago

What is breaking about this?is it only Ghana who needs help from IMF or is this the first time?IMF is there to give and Ghana is there to take,this request is even long overdue.We pray the Gov't. get it and use it wisely to b ...
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What is breaking about this?is it only Ghana who needs help from IMF or is this the first time?IMF is there to give and Ghana is there to take,this request is even long overdue.We pray the Gov't. get it and use it wisely to boost the ailing Economy.Thanks.
MAHAMA BORN IN KENYA 9 years ago

I THOUGHT GHANA DIDNT NEED ANY BODY. LOOK AT UGANDA CRUMPLING FOR THEIR FIGHT AGAINST LEAVING GAYS ALONE. IMF SHOULDNT HELP GHANA. LET THEM EAT THEIR RIGHTOUSNESS. BIG MOUTH PEOPLE. STUPID ASHANTIS. LETS SELL ASHANTIS INTO SL ...
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I THOUGHT GHANA DIDNT NEED ANY BODY. LOOK AT UGANDA CRUMPLING FOR THEIR FIGHT AGAINST LEAVING GAYS ALONE. IMF SHOULDNT HELP GHANA. LET THEM EAT THEIR RIGHTOUSNESS. BIG MOUTH PEOPLE. STUPID ASHANTIS. LETS SELL ASHANTIS INTO SLAVERYFOR MONEY
ALL GHANAIANS 9 years ago

What a stupid comment

What a stupid comment
GOD IS WATCHING 9 years ago

MR.IMF BAILOUT,PLEASE DO NOT GIVE THEM ANY MONEY, THEY WILL NOT GIVE GHANA SOME.

MR.IMF BAILOUT,PLEASE DO NOT GIVE THEM ANY MONEY, THEY WILL NOT GIVE GHANA SOME.
Akadu Mensema 9 years ago

We shall never be saved as long as we remain corrupt!

We shall never be saved as long as we remain corrupt!
Kwame Amponsem 9 years ago

Here we are again,and we need not be ashamed if we have to go to IMF to bailout Ghana economy and this not the first time and we are not the only country to do this as even big western countries do the same.Firstly, we must t ...
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Here we are again,and we need not be ashamed if we have to go to IMF to bailout Ghana economy and this not the first time and we are not the only country to do this as even big western countries do the same.Firstly, we must think again the multiples of foreign banks spread in the country.Secondly, we should not depend on one country for our future economy like China because we have to do our business with the global world competetively.Lastly, we must use our good expertees wisely as our former Presidents Prof.Attah-Mills and JJ Rawlings by appointing good and well-known economists and financiers to handle our economy and bank of Ghana.We do not need these documentation scolars like most Ghanaian lawyers who are only there to sell the country's assetts minerals and oils without Knowing the effects their actions will have on the future economy of the country.People like Kufuor and the NPP destroyed the future our economy by selling Ghana Airways,Ghana telecommunications,left the highways,fly overs uncompleted,sold our oil to chinese and allow them dump inferior goods in the country.Never allow the NPP to rule the country again with the slogan of inferior free education by the same ministers who were in Kufuor's NPP government.
GH economist 9 years ago

If you are going to type political mumbo jumbo why even type it... Sick and tired of people playing politics and using political talking points. That is all the Ghanaian Negro is good for! Actually developing a country is bey ...
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If you are going to type political mumbo jumbo why even type it... Sick and tired of people playing politics and using political talking points. That is all the Ghanaian Negro is good for! Actually developing a country is beyond you!
Angelo 9 years ago

You big fool

You big fool
Voice of Reason 9 years ago

AND RESIGN......HOW MUCH IS THIS IMF BAILOUT ANYWAY?......WE SHOULD NOT FORGET THAT MAHAMA WASTED $4.5 BILLION IN A PRE-ELECTION GIVEAWAY AND THAT IS THE GENESIS OF OUR PRESENT PREDICAMENT.....IT WILL BE INTERESTING TO KNOW H ...
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AND RESIGN......HOW MUCH IS THIS IMF BAILOUT ANYWAY?......WE SHOULD NOT FORGET THAT MAHAMA WASTED $4.5 BILLION IN A PRE-ELECTION GIVEAWAY AND THAT IS THE GENESIS OF OUR PRESENT PREDICAMENT.....IT WILL BE INTERESTING TO KNOW HOW MUCH IMF IS GOING TO GIVE TO BAILOUT THE ECONOMY
HAZOR 9 years ago

This bailout is called from frying pan to fire.Is the bailout and its policy good for Ghana?U.S.A own over a trillion dollar and still has not make it mind to seek IMF bailout.Canada owns 150 billion dollars.Germany that fina ...
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This bailout is called from frying pan to fire.Is the bailout and its policy good for Ghana?U.S.A own over a trillion dollar and still has not make it mind to seek IMF bailout.Canada owns 150 billion dollars.Germany that finance and boilout most of UE countries owns 150 billion dollars and Ghana only owns 25 billion dollars and seeking IMF bailout for what?Ghana export Gold,Diamond,Bauxite,Aluminium,Cocoa,Timber and oil and also VAT and indirect taxes, exports and imports taxes and tariffs.Before IMF to consider bailout Ghana,they should first investigate all loans that they borrow to construct projects including capacity buildings to see if Ghanaians has value for their money.If IMF to not know what to do with their money,there are workers how are struggle to make a living working in various department share to money to them.Ghana did not need bailout and if IMF did bailout Ghana and we change government we will not paid,then they should consider it a gift to NDC party.Do IMF need to bailout a man who came to power in less than three month in office he was able to manage and deposited $990 million into his foreign accounts and waste $4 billion to buy cars for school girls does this person needs bailout?
Campaign Against Corruption 9 years ago

Point to one country where IMF has saved the economy. This move to go with the IMF is an alibi for the hardship already brought on Ghanaians and there is a whole lot more to come with the IMF. I will point to one country whe ...
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Point to one country where IMF has saved the economy. This move to go with the IMF is an alibi for the hardship already brought on Ghanaians and there is a whole lot more to come with the IMF. I will point to one country where IMF was rejected and the country's own strategies have worked brilliantly to bolster the economy...Malaysia.
Campaign Against Corruption 9 years ago

The main solution is to go back to till the land at Brahab3bome in the Brong Ahafo region where one can still live on Ghc25 a month.

The main solution is to go back to till the land at Brahab3bome in the Brong Ahafo region where one can still live on Ghc25 a month.
Sarfo Frank. Kumasi 9 years ago

Imf bail out for Ghana? Oh, God save this country because this bail out will increase umemployment, collapse domestic companies, cause us to privatise our nation assets, and a whole lot of dubious conditions. the gov't should ...
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Imf bail out for Ghana? Oh, God save this country because this bail out will increase umemployment, collapse domestic companies, cause us to privatise our nation assets, and a whole lot of dubious conditions. the gov't should rethink about this exercise.
Osofo 9 years ago

We are lost

We are lost
Ramses 9 years ago

The money has finally ran out after all the free this and that and judgement debt giveaways.. So what happens to the Senchi report? What about the remedies offered by Akua Donkor and the dwarf queen Anita de soso will all the ...
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The money has finally ran out after all the free this and that and judgement debt giveaways.. So what happens to the Senchi report? What about the remedies offered by Akua Donkor and the dwarf queen Anita de soso will all these be part of the IMF package? Fun times indeed!
CONCERN 9 years ago

The best way to strength cedi is by making dollars in abundant. How do we do this? Well, ask those of the economic special list. Ghana is failing in its economic predictions because the specialist (Senior Economic Adviser to ...
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The best way to strength cedi is by making dollars in abundant. How do we do this? Well, ask those of the economic special list. Ghana is failing in its economic predictions because the specialist (Senior Economic Adviser to the President, Dr Nii Moi Thompson) is using the economic theories written for white people base on their reaction towards marketing and their currencies. The behavior of a black person towards marketing is different, so those white man’s economic policies will not work for black people and especially in Africa. Our so call economist fails us (Ghana) and Africa. I May not be an economist but I am strongly analytical person. I have different theory to stabiles the cedi.
To stabilize the cedi, the first thing you do is to let people like the cedi and how do you do that? Let the so call economist figure it out. I have an idea how to do that. I am refusing to spell it out because the so with economic degree (studies of the white man’s economic theories) will shoot it down because it might not be in line with the theories of the white man’s economic theories written in the economic books.
My theory will be base on real facts by studying the behavior of the people (Black people, especially in Ghana) we market to them. What is that theory? I will be willing to have a discussion with some of the economist on any of the FM station.
Anin, USA 9 years ago

Atuguba se woahu

Atuguba se woahu
Ghana Ba 9 years ago

Tribal war mongers and shitokrats through out .
Ghana needs a new party.
4 years isn't too long to try something else.
These two sit in parliament and try to approve none sense like EPA and GMO .
Always depending on donor ...
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Tribal war mongers and shitokrats through out .
Ghana needs a new party.
4 years isn't too long to try something else.
These two sit in parliament and try to approve none sense like EPA and GMO .
Always depending on donors and foreign aid.
If all they are coming to do is beg,why don't we give a party that claims to be able to generate funds from out own resources?
Wake up Ghana!This shit has to end!
SEE WHAT U HV DONE 9 years ago

Using ur own pple frm the north & see what they hv landed as,Mahama is such a fool,but i feel sorry for him now,all the money we borrowed natin to show for it except one gas project.

Using ur own pple frm the north & see what they hv landed as,Mahama is such a fool,but i feel sorry for him now,all the money we borrowed natin to show for it except one gas project.
DR 4 9 years ago

Oh what a shameful Government

Oh what a shameful Government
KWAME KWAME 9 years ago

Because of our impatience nature, we Ghanaians have always refused to sacrifice even for a few months when the going get tough. Perhaps due the socialistic tendencies in the country starting way back from Nkrumah's time, we ...
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Because of our impatience nature, we Ghanaians have always refused to sacrifice even for a few months when the going get tough. Perhaps due the socialistic tendencies in the country starting way back from Nkrumah's time, we have inclined to look at the Government to give us our jobs, health care, education, infrastructure etc.; virtually everything. Ghanaians as a result have from all this time, favored Government work as opposed to making attempts to venture into their own micro and small businesses. We have also abandoned farm work in the rural areas. We have expected our Government to shoulder all this burden even as our population has increased. This, my friends, is not sustainable for any country even the advanced ones. Our politicians know very well about these Ghanaian qualities. Therefore, in order for the Government in power to retain power, they spend so much time and money preparing our 5 year National development plan only for them to be put on the shelve. They try their best to run the economy by solving the short-term problems. The end result is that the fundamentals of the economy ends up on sinking ground. This explains the bursts and booms we have been witnessing over the years.

SOLUTION:

As Ghanaians we should understand that we can develop our economy only through the development of the private sector - those micro, small and medium size businesses. We need to create millions of these businesses. The private sector is not the Government. It is YOU and ME. The individual Ghanaians.
We should not expect the Government to provide all the businesses, infrastructure and other social amenities.

The role of Government is to provide conducive environment for the private sector or businesses to thrive better.

I implore our men and women especially those living in the cities to change our attitudes and try their hands on our own small businesses. We should also trust one another and form partnerships to create medium size businesses. If most of us are making, creating and innovating things, we would be transforming our economy into an industrial/ manufacturing and service economy whiles Government focuses on proving the necessary environment for these businesses to become successful. Let's change our attitudes and start now to come up with new business ideas which we will take to the bank and seek financing to bring them to fruition. The Government alone cannot handle the huge unemployment problem. Check where you are living now. Find out what you can make create or innovate in the country that can be sold to others and you have a business. The first step in the hardest but take some risks and start something and you will realize that help will come your way.

A lot of our youth do not want to go into farming. Therefore we need to introduce mechanize farming in order to increase productivity on the same acre of land for food security and exports. Our Agriculture Engineering colleges at Legon, KNUST, Cape Coast etc. must stop those theoretical programs and start to design and help manufacture these farm implements - ploughs, harvesters etc. and irrigation systems to make this possible. We can start with not so sophisticated machines but simple home grown ones as the Indians have done.

If we play our part, we will give our Government the breathing space to carry out the medium to long term development goals including strengthening of our Government institutions, infrastructure, social, regulations, rule of law etc. which normally take longer period to implement but will help us to build our economy on solid rock which will be rather more sustainable.
KWAME KWAME 9 years ago

In effect, Ghana needs an INDUSTRIAL REVOLUTION

In effect, Ghana needs an INDUSTRIAL REVOLUTION
DZATANUU 9 years ago

When would Africa be free,economically.After almost 60 years of Independence,we still have to beg agent of colonial masters to guide us

When would Africa be free,economically.After almost 60 years of Independence,we still have to beg agent of colonial masters to guide us
Lopez 9 years ago

Mahama has lost it after his cluesless appointees drove our economy into a ditch. How can he tell Ghanaians that there is light at the end of the tunnel and now run to IMF for a bailout. Mahama do yourself a favour and just c ...
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Mahama has lost it after his cluesless appointees drove our economy into a ditch. How can he tell Ghanaians that there is light at the end of the tunnel and now run to IMF for a bailout. Mahama do yourself a favour and just call for a re-election to relive you of your mess because Ghanaians are really fed up with you and your lies.
OWEN.NEW YORK. 9 years ago

Everything Dr.Bawumia told Ghanaians will happen.He said the Mahama government will likely go for a bail out from IMF and now every move point to that direction. Where is Fifi Kwortey and his sharp-teeth brothers,who have bee ...
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Everything Dr.Bawumia told Ghanaians will happen.He said the Mahama government will likely go for a bail out from IMF and now every move point to that direction. Where is Fifi Kwortey and his sharp-teeth brothers,who have been insulting Dr.Bawumia
Cosmos Williams 9 years ago

Ghana has been in recession ever since it was created, Ghana is the fool in a pool of water and yet thirsty.

Ghana has been in recession ever since it was created, Ghana is the fool in a pool of water and yet thirsty.
Kwabena senkyire 9 years ago

Well the die is now cast, what a sad day for Ghana.fools are leading this beautiful country astray.

Well the die is now cast, what a sad day for Ghana.fools are leading this beautiful country astray.

Ghana gov't opts for IMF bailout

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