Publish full details of IMF bailout plan - ICU

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• KWAME KWAME 9 years ago

  According to a CNN report today, the country is going for the IMF bailout due to the following reasons:
  
  1) Ghana has been spending too freely on public sector wages and subsidies, leading to a widening budget deficit.
  
  ...
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  According to a CNN report today, the country is going for the IMF bailout due to the following reasons:
  
  1) Ghana has been spending too freely on public sector wages and subsidies, leading to a widening budget deficit.
  
  2) Compounding the problems are recent allegations that the Bank of Ghana is attempting to finance the deficit by printing money, which has pushed up inflation to over 15% year-on-year.
  
  3) Ghana's imports are also racing ahead of exports, draining the country's foreign currency reserves and piling pressure on the cedi.
  
  
  4) An IMF bailout would provide backstop funding while the government takes steps to get a better balance between spending and revenue, and in foreign trade.
  
  5) That's almost certain to mean tough austerity measures for a country where annual GDP per capita is still only $1,850.
  
  The lesson learned in all this is that our Governments should do their best to manage our economy by living within our means, that is, We must operate our economy under a BALANCED BUDGET SCENARIO!

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• PRINCE KWASI ADADE (OFIE) 9 years ago

  GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTA ...
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  GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTABLE. NDC HAS OVER THE PAST 5 YEARS PRESIDED OVER THE BIGGEST RESOURCES IN OUR HISTORY INCLUDING CRUDE OIL & STEALTH TAXES. THEY HAVE ALSO CONTRACTED THE BIGGEST LOANS IN OUR HISTORY. IF THEY HAVE NOTHING TO SHOW FOR THIS AND THE ECONOMY IS IN SHAMBLES, THEN,THEY MUST BE PROSECUTED. THEY MUST GIVE THE MONEYS BACK TO THE TREASURY. WE DO NOT NEED ANY ECONOMIC FORUM. SET UP A COURT IMMEDIATELY. IT HAPPENED IN THAILAND RECENTLY, PRIME MINISTER YINGLUCK SHINAWATRA WAS REMOVED BY THE CONSTITUTIONAL COURT FOR ABUSING POWER. LOOK AT GHANA;-- EMBRAER PLANE SCANDAL, STX KOREA,NDC US$20 MILLION PARTY HQ., US$4 MILLION DODGY JUDGEMENT DEBT TO MRS RAWLINGS AND HER COMPANY, SUBAH, GYEEDA, WOYOMI, ISOFOTON, WATERVILLE, AFRICA AUTOMOBILE, CP, SADA, FORTIZ/MERCHANT BANK,FREE EXPENSIVE CARS FOR CHIEFS, AKONFEM AND A HOST OF OTHER DODGY JUDGEMENT DEBT PAYMENTS. BUYING VOTES WITH CASH, LAND CRUISERS & LAPTOPS JUST TO WIN ELECTIONS. WHY NDC?????? WHY??? OUR SUPREME COURT COULD NOT HELP BUT DESCRIBED IT AS "ALLIANCE TO CREATE, LOOT AND SHARE" WHAT A SHAME? ?? AND YOU CALLING GHANAIANS TO A WASTEFUL ECONOMIC FORUM. NDC, THE MONEY IS WITH YOU, GIVE IT BACK TO GHANA. NPP, I SALUTE YOUR COURAGE FOR NOT ATTENDING. NPP REMAIN SMART AND VIGILANT!!!!!

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• Amega 9 years ago

  In the event of any labour downsizing, I suggest that all deputy ministers in the ministries and the regions should be the first to go home. Fancy this: what does the deputy minister for fisheries do apart from polishing her ...
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  In the event of any labour downsizing, I suggest that all deputy ministers in the ministries and the regions should be the first to go home. Fancy this: what does the deputy minister for fisheries do apart from polishing her face? Such persons are drains on our economy.

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• 0243578657 9 years ago

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  ADMISSION INTO SHS 1, 2 AND
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• Adjoa 9 years ago

  After all the noise, there's no home grown policies after all.

  After all the noise, there's no home grown policies after all.

  reply
• YawZa 9 years ago

  Mahama's better Ghana will never happen without the IMF bailout.
  The President so incompetent and confused that he does not know which way to go. Where is people like Rawlings, Asiedu Nketia, Spio etc.
  Why are these people ...
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  Mahama's better Ghana will never happen without the IMF bailout.
  The President so incompetent and confused that he does not know which way to go. Where is people like Rawlings, Asiedu Nketia, Spio etc.
  Why are these people not talking?

  reply
• Sankofa 9 years ago

  Solomon Kotei, how can gov't publish details of a proposed bailout when it is yet to open talks with the IMF?
  
  Opinion leaders should think through issues carefully before making public pronouncements.

  Solomon Kotei, how can gov't publish details of a proposed bailout when it is yet to open talks with the IMF?
  
  Opinion leaders should think through issues carefully before making public pronouncements.

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• NII OTU 9 years ago

  Solomon Kotei; You are very much aware that a huge part of the country's economic challenges is caused by wage bill. When public sector workers were embarking on demonstrations after demonstrations for increases in wages what ...
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  Solomon Kotei; You are very much aware that a huge part of the country's economic challenges is caused by wage bill. When public sector workers were embarking on demonstrations after demonstrations for increases in wages what did you tell them as a labor union leader? Why do you make such a pronouncements? Are a u politician? Don't be a hypocrite, be truthful and stop stealing our monies.

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• Ali, Toronto 9 years ago

  Why publish? For labour/opposition mischief, misinterpretation and distortion? You guys will find fault with anything and everything. There should be nothing to hide, but government is not obliged to publish anything. That is ...
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  Why publish? For labour/opposition mischief, misinterpretation and distortion? You guys will find fault with anything and everything. There should be nothing to hide, but government is not obliged to publish anything. That is not how we govern. This call is extremely political -- TUC is overstepping its bounds.

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• NBTT 9 years ago

  Fear is the key. To get African leaders to do America's bidding the State Department's Dirty Tricks organisations, namely the NSA and CIA go ruthlessly to work. In most countries the USA already has infrastructure and network ...
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  Fear is the key. To get African leaders to do America's bidding the State Department's Dirty Tricks organisations, namely the NSA and CIA go ruthlessly to work. In most countries the USA already has infrastructure and networks in place that can be used if necessary to subvert and and stir up trouble for host countries. These are mostly innocent looking NGOs, think tanks whose budgets can be traced directly or indirectly back to the USA . Academic, Health and even some religious organisations have been infiltrated by these foreign intelligence organisations. Furthermore many of our influential media personalities,heads of professional bodies, journalist, corporate heads ,heads of important academic institutions,student leaders are sometimes recruited paid by these sinister foreign organisations.Political opposition leaders can come in useful and are often encouraged and funded by spy organisations to stir up trouble. All of these institutions are targeted and used by foreign intelligence organisations with access to generous budgets. THE USA MAY HAVE BEEN ANGERED BY THE TENDENCY OF THE CURRENT MAHAMA ADMINISTRATION TENDENCY TO CONTINUE TO TRADE AND DO BUSINESS WITH COUNTRIES LIKE CHINA NATURALLY AT THE EXPENSE OF A COUNTRY LIKE THE USA. THE TRUTH IS THAT COUNTRIES LIKE CHINA CONTINUE TO PRODUCE WHAT AFRICAN COUNTRIES AND OTHERS WANT.IN RETURN GHANA SUPPLIES THINGS CHINA NEEDS SUCH AS RAW MATERIALS. IN CONTRAST THE USA DOES NOT PRODUCE MUCH THAT A COUNTRY LIKE GHANA NEEDS OR WANTS. AMERICA THEREFORE SIMPLY RESORTS TO THREATS, COERCION AND ATTEMPTS TO BRING COUNTRIES UNDER ITS INFLUENCE BY OFFERING "LOANS" "DEVELOPMENT" AID INVARIABLY WITH STRINGS ATTACHED. A VERY IMPORTANT FACTOR WHICH HAS ENDERED THE CHINESE TO MANY DEVELOPING COUNTRIES IN AFRICA, ASIA AND ELSEWHERE IS THEIR EXCELLENT HABIT OF HELPING HOST NATIONS TO BUILD UP THEIR INFRASTRUCTURE SUCH AS ROADS ETC. DECADES AND DECADES OF CONTACT WITH WESTERN POWERS INCLUDING THE USA HAS NOT YIELDED SIMILAR RESULTS. IN SHORT WHILE OUR AMERICAN FRIENDS MAY SAY AND DO WHATEVER THEY LIKE THE TRUTH REMAINS THAT WESTERN COUNTRIES HAVE NOT BEEN OF AS MUCH USE TO AFRICA OR GHANA AS CHINA HAS BEEN.In an attempt to regain "lost ground" the State department in Washington is doing everything it can to lean heavily on African governments and where necessary even remove them (for example Muammar Gaddafi of Libya, who had massive trade with China).
  
  FELLOW GHANAIANS JUDGE FOR YOURSELVES WHETHER ANY GOOD WILL COME OUT OF THIS SO-CALLED IMF LOAN. ALREADY I SEE CORPORATE AMERICAN VULTURES CIRCLING OVERHEAD AS GHANA IS BEING SLICED, DICED AND DISMEMBERED. EXPECT A FEEDING FRENZY AS THESE CORPORATE AND MULTINATIONAL PREDATORS DESCEND ON US. TO GIVE A CIVILISED APPEARANCE TO ALL OF THIS AFRICAN LEADERS ARE HAVING A "SUMMIT" WITH OBAMA IN WASHINGTON EVEN AS WE WRITE. PRAY. GHANAIANS PRAY AS NEVER BEFORE. PRAY THAT GHANA WILL BE ABLE TO ENDURE OR CAST OFF THE HEAVY YOKES ABOUT TO BE PLACED ON OUR NECKS.INFORMATION REVEALED HERE IS ALL PUBLICLY AVAILABLE AND SURPRISE SURPRISE FROM THE U.S.A. NOTHING BUT THE TRUTH (NBTT)CAN DELIVER US

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