'IMF bailout hurts most because Ghana has oil'

Read Article

Comments (46)

This article is closed for comments.

Read Comments Comments (46)

The Basic Truth 9 years ago

No need searching anywhere. Let's call a spade a spade

No need searching anywhere. Let's call a spade a spade
PRINCE KWASI ADADE (OFIE) 9 years ago

MAHAMA AND HIS BUNCH OF CROOKISH INCOMPETENT CORRUPT MONSTERS CAN NEVER DO IT! NO! NOT IN A MILLION YEARS!!! NDC LACK THE BRAINS. JUST LOOK AROUND; CAN'T YOU SEE? JUST OPEN YOUR EARS; CAN'T YOU HEAR? IS THIS THE GHANA K4 HAND ...
read full comment

MAHAMA AND HIS BUNCH OF CROOKISH INCOMPETENT CORRUPT MONSTERS CAN NEVER DO IT! NO! NOT IN A MILLION YEARS!!! NDC LACK THE BRAINS. JUST LOOK AROUND; CAN'T YOU SEE? JUST OPEN YOUR EARS; CAN'T YOU HEAR? IS THIS THE GHANA K4 HANDED OVER TO NDC GREEDY CORRUPT BASTARDS??? ---------------WHO CAN PROVE KWASI ADADE WRONG? I AM SAYING, THAT, GHANAIANS VOTED FOOLISHLY!!-- IS THIS NDC'S BETTER GHANA? THEN WHAT WILL THEIR BITTER GHANA BE?--- IF THIS IS NDC'S PRAISE THE LORD, THEN, WHAT WILL THEIR CRUCIFY HIM BE?--- GHANA'S PROBLEM, TODAY, IS NOTHING BUT THE RESULT OF CRIMINAL NDC'S ALLIANCE TO CREATE, LOOT AND SHARE POLICY***---------------*** "IT IS ONLY A FOOL, WHO ALLOWS HIS TESTICLES TO BE STEPPED ON, TWICE"-------GO OUT THERE AND RECEIVE YOUR REWARD, ALL GHANAIANS. GO AND PAY THE PRICE FOR YOUR FOOLISHNESS. YOU DON'T GIVE A SECOND MANDATE TO AN INCOMPETENT AND CORRUPT GOVERNMENT, NO!! NOT AT ALL, THAT IS ABOMINATION IN DEMOCRACY, VERY SUICIDAL. HAD NDC MANAGED THE ECONOMY WELL, THESE ECONOMIC PROBLEMS WOULDN'T HAVE BEEN THE SITUATION. NDC HAS PRESIDED OVER THE BIGGEST RESOURCES GHANA HAS EVER HAD. THEY HAVE ALSO CONTRACTED MORE LOANS THAN ANY OTHER GOVERNMENT IN OUR HISTORY, BUT THEY HAVE NOTHING TO SHOW FOR THIS. GHANAIANS SHOULD HAVE ENJOYED SOME ECONOMIC PROGRESS AT THIS TIME IN OUR HISTORY. THE ECONOMY IS COLLAPSING BECAUSE THE GOVERNMENT IS SO CORRUPT. TO RESCUE THE SITUATION, THE POOR IS NOW BEING FORCED TO PAY. THIS IS INJUSTICE. THIS IS NOT THE GHANA KUFFOUR HANDED OVER TO NDC, HE EVEN ADDED FRESH CRUDE OIL WELLS. NPP TRANFORMED GHANA TO A MIDDLE INCOME ECONOMY WITH LIMITED RESOURCES BUT GOOD POLICIES. NDC IS WOEFULLY REVERSING THESE NPP ACHIEVEMENTS. GHANA'S CURRENT SITUATION IS VERY DISTURBING. WHEN THE HISTORY IS TOLD, IT WILL BE SAID THAT GHANAIANS WERE OFFERED FREE SECONDARY EDUCATION, IMPROVED UNIVERSAL HEALTH CARE, SOCIAL HOUSING FOR THE POOR AND AN EGALITARIAN SOCIETY BUT 50% SAID NO THANK YOU. THEY PREFERRED ECONOMIC "WOYOMISATION" , PHANTOM DEVELOPMENT PROJECTS, PHILANDERERS FOR LEADERS, MACHIAVELLIAN DISRESPECTFUL CORRUPT LOUTS AND A VISIONLESS EVIL GOVERNMENT. I AM SO PROUD I VOTED FOR NANA AKUFFO ADDO.
facts 9 years ago

God destroyed the world for sake of violence and corruption. In the abundance of water the fool is thirsty. Diamond , gold, oil, etc , the fool, like Gabon, ghana, etc is thirsty.

God destroyed the world for sake of violence and corruption. In the abundance of water the fool is thirsty. Diamond , gold, oil, etc , the fool, like Gabon, ghana, etc is thirsty.
KOLA,LONDON MAIN PROPER 9 years ago

Anyway, Mr. Arthur Kennedy, We are thankful for your elephants return to the bush.

However, had Kronfuor Kufuor not stolen our Old currency and also not sold Tsatsu Tsikata's found Black gold for 10% considering the amoun ...
read full comment

Anyway, Mr. Arthur Kennedy, We are thankful for your elephants return to the bush.

However, had Kronfuor Kufuor not stolen our Old currency and also not sold Tsatsu Tsikata's found Black gold for 10% considering the amount of time invested cum money in establishing GNPC and conducting feasibilities on the oil wells with proven data of Humongously Gargantuan oil hidden under them, Ghana today would have been laughing with about 70% stake not 10.

In Addition, we also thank you for highlighting Kufuor's Corruption which he made himself King of Kickbacks and created a headquaters for collecting it, only his conies were appointed wherefore, he sold Ghana Airways by lying. Followed on by Ghana Telecoms all for cheap. All of these inspite the Ginormous debt forgiven, Poverty Alleviation and Development Loan fro the Bretton Wood, IMF Bail out, Kronfuor still piled up Huge debts reaching Kookoase silos.

But thanks for exposing the thief, Kufuor.
insight to the bone 9 years ago

Everybody is complaining bitterly but very few dare speak the truth . We shall never move forward until the undeclared war against the Akans, discrimination of the majority and anti Akan propaganda hate agenda is resolved. On ...
read full comment

Everybody is complaining bitterly but very few dare speak the truth . We shall never move forward until the undeclared war against the Akans, discrimination of the majority and anti Akan propaganda hate agenda is resolved. One must fight fire with fire , war with war not kisses or playing ignorant to the reality . the northerners , ewes , Muslims and other traitors of the Akan interest are systematically destroying the future of the Akans . There is no democracy or govt of the people and by the people but the slow establishment of the caliphate of pepeni murderers using a system of corrupt govt that makes irrelevant all institutions of state in the form of a Saudi style monarchy of mahama and his brothers . Despite our huge potential and the fact that any true patriotic nationalist govt can definitely turn the economy around in less than 6 months , we are bogged down in this situation of undeclared war of the ayigbe and pepeni mafia who have hijacked all institutes of state . only a bloody revolution will set us free . everything we have predicted over the past few years has come to pass and there is more evil to come until we stand up accept that we are at war and must fight back. Even Obama now realizes this caliphate is a serious threat to mankind's peace and unity . All religions are from God but over time the devil ensures the good is interpreted by the wicked and used to cause harm , the righteous know religion is meant to ensure unity and goodwill amongst men not pain and suffering or discrimination. On one hand we have the mafia ndc killing our people's future and around the corner nana chooses as his closest allies northerners who will continue the agenda of hate , wait for the clarion call for freedom and spare none of these criminals in the political oligarchy of corruption and evil . JJ and his ayigbe criminals started this process and God will continue to punish us with hardships and pestilences if we do not stand up
akwasi 9 years ago

where have you been.How much did k4 steal? when interligent people are writing you jump in with ridiculous assumptions. please if you don't have facts, don write nothing. Away with your lies.

where have you been.How much did k4 steal? when interligent people are writing you jump in with ridiculous assumptions. please if you don't have facts, don write nothing. Away with your lies.
BBC NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 9 years ago

Nana binladdo can go ahead and sleep at the polling stations and he will still lose. Nana binladdo love to lose.

Nana binladdo can go ahead and sleep at the polling stations and he will still lose. Nana binladdo love to lose.
TULA 9 years ago

TELL YOUR NPP PEOPLE TO RETURN ALL THE LOOT.KUFOUR SHOULD REFUND THE $26,000 SPENT ON HIS GOLD CHAIN, GHANA@5O, ETC. ALL THE LOOTSHOULD BE COUGHED OUT. THESE YOUR NPP POEPLE BLED GHANA WELL, WELL

TELL YOUR NPP PEOPLE TO RETURN ALL THE LOOT.KUFOUR SHOULD REFUND THE $26,000 SPENT ON HIS GOLD CHAIN, GHANA@5O, ETC. ALL THE LOOTSHOULD BE COUGHED OUT. THESE YOUR NPP POEPLE BLED GHANA WELL, WELL
Charles Agbenu 9 years ago

I think Mills/Naadu/Mahama must return the $80,000 gold watches donated to Obama--SADA, Woyome CP criminal pay outs.

Where is $20b borrowed by NDC in 5 years

I think Mills/Naadu/Mahama must return the $80,000 gold watches donated to Obama--SADA, Woyome CP criminal pay outs.

Where is $20b borrowed by NDC in 5 years
mojingles 9 years ago

This man is a complete blowhard. Producing oil does not necessarily translate into globs of hard cash in a country's national coffers....it takes a considerable length of time after exploration, discovery and pumping of oil, ...
read full comment

This man is a complete blowhard. Producing oil does not necessarily translate into globs of hard cash in a country's national coffers....it takes a considerable length of time after exploration, discovery and pumping of oil, and shipping it to customers to make substantial financial gains...history is replete with the stories of nations who discovered oil but had to wait for almost two decades before enjoying the windfall of profits from sales....Nigeria discovered oil in the 1950s but it took the country 20 years to enjoy a boom..Saudi Arabia is another good example. Then there are the overhead costs of exploring and pumping the oil out of the ground...however, crucially Ghana has discovered oil at a time when oil producers in the world are a dime a dozen...so many nations now list oil as their primary export and the competition is only going to get keener once Uganda and other nations in East Africa begin exporting their newly discovered volumes of oil...the doctor know zilch.

This foolish man purports to know so much about international affairs but his musings on the IMF demonstrates his total lack of knowledge on what moves the global economy. Global Financial institutions such as the IMF move the world.
There is absolutely nothing a nation crippled by massive debt can do but to turn to these institutions for assistance. These institutions were not established immediately after the Second World War at Bretton Woods to cater to the financial needs of the U.S. and other wealthy nations; they were created to help poor nations service their debts. So to the IMF we must go to if we are inept at managing our financial matters....

Of course, the starched bureaucrats of the IMF have caused much headache and agony for millions of poor folks in the developing world. But where else can poor nations go to if they want sound policy advice and money to service their debts? Not to China which sits on trillions of dollars of foreign exchange, but does not insist on good governance when it doles loans to nations....Nigeria several years ago turned to the IMF for a loan to revamp its decrepit railway system. However, when the IMF insisted on Nigeria battling the corruption that had wrecked the national railway system, it balked and approached China which immediately granted the loan without any questions asked about poor governance and corruption in Nigeria.

Does Kennedy wants us to imitate Nigeria and approach China when corruption is crippling the management of our nation? Let's go to the IMF and take its policy advice before the national economy completely craters...
abu okyeman KIBI 9 years ago

YOU SUCH AN IDIOT SLEEPING ON YOUR WRONG SIDE DREAMING ,.AK MESSAGE IS FOR REAL,.SCUMBAG..

YOU SUCH AN IDIOT SLEEPING ON YOUR WRONG SIDE DREAMING ,.AK MESSAGE IS FOR REAL,.SCUMBAG..
mojingles 9 years ago

Abu or whatever moniker you choose to hide under, you are the fucking idiot....a moronic jerk minus the intellectual capacity to see that a nation blessed with oil does not easily translate into instant wealth without the hea ...
read full comment

Abu or whatever moniker you choose to hide under, you are the fucking idiot....a moronic jerk minus the intellectual capacity to see that a nation blessed with oil does not easily translate into instant wealth without the heavy lifting.....don't u ever describe someone you don't know as a scumbag, aren't u one, stupid son of a bitch.....mouthing off senselessly....
Wikileaks. 9 years ago

Mojingles, you are more fucking idiot ,moronic asshole. For you depraved intellectual incapacitation...you forget that the Saudis have oil and every educated brain knows about the Saudis of today. Still there are nations who ...
read full comment

Mojingles, you are more fucking idiot ,moronic asshole. For you depraved intellectual incapacitation...you forget that the Saudis have oil and every educated brain knows about the Saudis of today. Still there are nations who have no oil yet because of selfless, and honest leadership these nations have earned respect from the international community. Yes ,oil does easily translate into well-being . ''Though In the Abundance of water the 'FOOL' IS THIRSTY'' This adage by Bob Marley relate to Us.You are a Fool !
Nana Ansah 9 years ago

Kwame Nkrumah's Neo-Colonialism; The last stage of imperialism is a must read for all African leaders. In this book Kwame Nkrumah has exposed all the pitfalls for future African leaders so it is still a wonder that so called ...
read full comment

Kwame Nkrumah's Neo-Colonialism; The last stage of imperialism is a must read for all African leaders. In this book Kwame Nkrumah has exposed all the pitfalls for future African leaders so it is still a wonder that so called African leaders keep on repeating the same mistakes when in fact Kwame Nkrumah has elaborated all the major shortcoming of the vultures that prey the financial world. Be it WB or IMf- it is the same difference as Americans wont to say. Multi-nationals operate through Investors and governments of the industrial world through aid. It is same same. So until we read the secrets in KN books we will continue going in circles. If you want to keep a secret from the blackman put into a book.
MENSAH. 9 years ago

Atta Kennedy is more than right with all the questions he asked.
It looks like you are dodging from answering those questions.
We all know it takes time for a new OIL COUNTRY to see its profit,but that doesn't mean,in the m ...
read full comment

Atta Kennedy is more than right with all the questions he asked.
It looks like you are dodging from answering those questions.
We all know it takes time for a new OIL COUNTRY to see its profit,but that doesn't mean,in the midst of waiting,we should be making mistakes like:
CORRUPTION,RECKLESS SPENDING AND BORROWING,MISMANAGEMENT,MALADMINISTRATION DEVOID OF SEASONED STRATEGIC PLANNING,UNFAITHFULNESS,LACK OF INTEGRITY,UNPATRIOTISM etc.

We rather need to have clear-cut,meaningful,fruitful,sustainable goals,that we can depend on for increase,on our development.
In such regards,THE NDC HAS FAILED THE NATION,BIG TIME.
Hence,our begging at the IMF.
That's what MR,ATTA KENNEDY is ringing in the ears of all GHANAIANS,to ponder about.
akwasi 9 years ago

Are u in Ghana?i 'm asking this cos many people are still ignorant about oil production.Do u read Ghanaian news if u do u'll be informed enough and not write garbbage for people to read

Are u in Ghana?i 'm asking this cos many people are still ignorant about oil production.Do u read Ghanaian news if u do u'll be informed enough and not write garbbage for people to read
Obiaaaaaaaaaaaaaaaaaa 9 years ago

mahama has sideline parliament for corrupt reasons.when you have a president who has lost sense of setting his priority right,that is what you get.Also if really the masses voted for him then they voted foolishly hence we all ...
read full comment

mahama has sideline parliament for corrupt reasons.when you have a president who has lost sense of setting his priority right,that is what you get.Also if really the masses voted for him then they voted foolishly hence we all bare the load.We have executive who do not think outside the box,dictated by the wife,surrounded with corrupt groups and illiterate party MP,fanatic foot fool soldiers, corrupt men who call themselves men of God and lacks accountability,wisdom and spiritual insight. The people he rule expectation is always failures. How come MAHAMA appoint ministers and he end up doing their suppose jobs for them. ANYWAY I LIKE THE WRITER LAST BUT ONE PARAGRATH''POLICY OR POLITICS''.
LONTO-BOY 9 years ago

Just when you thought ordinary Ghanaians cannot take anymore hardship, the woefully incompetent and irredeemably corrupt NDC Government runs to the IMF seeking a bailout. Ghanaians should tighten their belts.

Just when you thought ordinary Ghanaians cannot take anymore hardship, the woefully incompetent and irredeemably corrupt NDC Government runs to the IMF seeking a bailout. Ghanaians should tighten their belts.
mojingles 9 years ago

Lonto, tell Ghanaians which international financial agency their country should turn to in this hour of need, your bleating about Mahama and incompetency notwithstanding.

Lonto, tell Ghanaians which international financial agency their country should turn to in this hour of need, your bleating about Mahama and incompetency notwithstanding.
Conventional Youth 9 years ago

There should have been a technical bounce back, if prudent socio-economic structures are in place.

Damn, Where are the cushions without organised financial bailouts from the woods? ^_^

There should have been a technical bounce back, if prudent socio-economic structures are in place.

Damn, Where are the cushions without organised financial bailouts from the woods? ^_^
Nana Ansah 9 years ago

Those who go borrowing, go sorrowing. It is as simple as that. The borrower in this case Ghana becomes a slave to the lender(IMF). Good things come to those who wait. But JM says Ghanaians can't wait for 30 years before they ...
read full comment

Those who go borrowing, go sorrowing. It is as simple as that. The borrower in this case Ghana becomes a slave to the lender(IMF). Good things come to those who wait. But JM says Ghanaians can't wait for 30 years before they start enjoying their oil wealth. The result is that we are going for cash injection from all corners which means we have mortgaged our oil money before they surface. In effect Ghanaians today are still not seeing or enjoying the oil money which leaves us in the precarious situation like all African oil countries. The black Gold is a curse.
What our simple minded politicians should realise is that one generation has to plant the tree i.e sacrifice for another generation to enjoy the shade. That is wise Chinese saying. We cannot have it both ways--- to want to have one's cake and eat it. That only happens in fools paradise.
MENSAH. 9 years ago

From the starting the the end,you make a whole lots of sense.
Thanks for your time and care for the nation GHANA.

From the starting the the end,you make a whole lots of sense.
Thanks for your time and care for the nation GHANA.
Wikileaks. 9 years ago

Oil/ Black Gold Is a Curse to Those who see them selves as Cursed ...just like Ghanaians see them selves.Period !

Oil/ Black Gold Is a Curse to Those who see them selves as Cursed ...just like Ghanaians see them selves.Period !
Lord Tennison 9 years ago

Want to know how Ghana got to this point?
Ask members of the Incompetence Club:John Mahama,Seth Terkper and Dr.Kofi Wampah.

Want to know how Ghana got to this point?
Ask members of the Incompetence Club:John Mahama,Seth Terkper and Dr.Kofi Wampah.
Patriot 9 years ago

Good points raised albeit the cynicism. Master the black man is capable of managing or mismanaging his own affairs, but we are more adept at mismanaging. How're about that?

Good points raised albeit the cynicism. Master the black man is capable of managing or mismanaging his own affairs, but we are more adept at mismanaging. How're about that?
NEOPOLUS 9 years ago

Kennedy look no further for our economic problems than Mahama and his NDC backyard.
How many billions have the NDC borrowed since they took over power in 2009? How have they accounted for that said borrowed money?
Our probl ...
read full comment

Kennedy look no further for our economic problems than Mahama and his NDC backyard.
How many billions have the NDC borrowed since they took over power in 2009? How have they accounted for that said borrowed money?
Our problem is must account for every penny that is called accounting 101 in economics.
If even the NDC spent all the borrowed money to achieve one thing it would have been alright for Ghana, but not so the money had ended up in individual pockets and they are showing"Akese sem" to the poor Ghanaian.
I say before IMF come to the aid of the Mahama government they should them to do a physical account as to what they have done with all that money they borrowed.
abu okyeman KIBI 9 years ago

WELL SAID AK, ABU DANQUAH NEW YORK NPP SENIOR ADVICER CONGRATULATIONS AND SUPPORT OF EVIDENCE TO ALL THE BACK GROUND STATEMENTS AND ADVICE TO THE BLOCKED HEADS OF NDC .GOVT.MAHAMA IS CLUELESS .SHAME.HE WILL DIE WITH THESE RE ...
read full comment

WELL SAID AK, ABU DANQUAH NEW YORK NPP SENIOR ADVICER CONGRATULATIONS AND SUPPORT OF EVIDENCE TO ALL THE BACK GROUND STATEMENTS AND ADVICE TO THE BLOCKED HEADS OF NDC .GOVT.MAHAMA IS CLUELESS .SHAME.HE WILL DIE WITH THESE RECORD AND AFFECT HIS UP COMING GENERATION.
Nene 9 years ago

Ghana will know no economic and social peace till these toe parties are made to go cool off for another 4 years to learn that they do not own Ghanaians.
They have contributed deliberately to the grown tribalism amongst Ghana ...
read full comment

Ghana will know no economic and social peace till these toe parties are made to go cool off for another 4 years to learn that they do not own Ghanaians.
They have contributed deliberately to the grown tribalism amongst Ghanaians to their benefit just for power.Stupid ones among us fall for their tricks all the time.
Enough is enough !
Kofi Mensah 9 years ago

Long before oil started flowing from the wells for Ghana, we were getting oil from Nigeria. That arrangement hit a trouble spot with Nigeria not fulfilling the agreement due to interference by Mr. OBASANJO, a friend of Mr. Ku ...
read full comment

Long before oil started flowing from the wells for Ghana, we were getting oil from Nigeria. That arrangement hit a trouble spot with Nigeria not fulfilling the agreement due to interference by Mr. OBASANJO, a friend of Mr. Kuffour agaanst Prof Mills when he was the President.
Then President Mills went to Equitorial Guinea for Oil instead of Nigeria (politics of preference).You knew about this because your NPP were making life difficult for NDC.
Now we have the oil but we cannot sell to anyone except CHINA who gave Ghana a development loan for oil.
A close scrutiny of the arrangement means CHINA want more oil for the loan.Ghana will be worse off with that agreement.
Tell us what your party plans to do about this when you come to power in 2016.
You cannot eat oil. You have to sell it to someone.
Agric Investment consultants 9 years ago

You cannot take a bucket with holes in it to fetch water. Ghana's problem is much more about wastage and less about revenue. An inefficient system that is leaking cash at every level will NEVER recover until these holes are ...
read full comment

You cannot take a bucket with holes in it to fetch water. Ghana's problem is much more about wastage and less about revenue. An inefficient system that is leaking cash at every level will NEVER recover until these holes are plugged. some of the simplest decisions by leadership to improve efficiency and value for money will go a very long way. Stop over-inflating costs and contracts at every opportunity and ensure that every penny is accounted for. Improve agricultural efficiency and food security so that the ordinary worker will only spend 20% of income on food. Scrap all allowances in the public services to the minimum, scrap free petrol, no more V8, 1.8 litre diesel will do. If a six classroom block can be built with 80,000 dollars but u fraudulently claim its 240000 dollars; that is your progress reversed by 67%. The list is endless.....
Ken Ntiamoa 9 years ago

Running an economy is not much different from your own home. Your expenses cannot be bigger than your income. You borrow to invest so you can pay back. You don't borrow to finance your lifestyle. You do these and you are head ...
read full comment

Running an economy is not much different from your own home. Your expenses cannot be bigger than your income. You borrow to invest so you can pay back. You don't borrow to finance your lifestyle. You do these and you are heading to the bankruptcy trustee's office "toute de suite."

Ken
Zoobie-Zoobie 9 years ago

add the 100 ministers, the large unnecessary presidential staff, over bloated parliament, over-bloated government agencies, etc., etc.

add the 100 ministers, the large unnecessary presidential staff, over bloated parliament, over-bloated government agencies, etc., etc.
Ugly Akufo Addo 9 years ago

He died some few minutes ago

He died some few minutes ago
Ken Ntiamoa 9 years ago

AAAMEN!

AAAMEN!
Dr JAY 9 years ago

Aurthr K are you still talking about the 13 percent deal your party signed for Ghana. Be objective and stop this one way politics.

Aurthr K are you still talking about the 13 percent deal your party signed for Ghana. Be objective and stop this one way politics.
Zoobie-Zoobie 9 years ago

the train is heading in the wrong direction... can't you see?

the train is heading in the wrong direction... can't you see?
Dr Jay 9 years ago

Yes it true the NDC is a poor manager of the economy but let's put Ghana first and party second. let's get better deals for Ghanaians right from the start. Let's get it right first time.

Yes it true the NDC is a poor manager of the economy but let's put Ghana first and party second. let's get better deals for Ghanaians right from the start. Let's get it right first time.
Wikileaks. 9 years ago

So now you agree that the NDC are ''bad managers'' Let us be honest with our selves then we would be HONEST to our dear Country, Ghana. ''For they say Honesty Is the best Policy''.

So now you agree that the NDC are ''bad managers'' Let us be honest with our selves then we would be HONEST to our dear Country, Ghana. ''For they say Honesty Is the best Policy''.
steve 9 years ago

Well said Kennedy, we have all the gifted natural resources a country would possessed but still underdeveloped due to corruption and poor leadership and mismanagement of our social, economic, political, environmental and cult ...
read full comment

Well said Kennedy, we have all the gifted natural resources a country would possessed but still underdeveloped due to corruption and poor leadership and mismanagement of our social, economic, political, environmental and cultural policies by past and current governments. Even in the Canary Island where it rains 25 days in a year are able to do farming to produce enough to feed themselves. Again this Island is even more developed than Ghana with the economic backbone being tourism. It is time our leaders begin to have appropriate income generation development plans to mitigate the rising cost of our wage bill. Politics is associated with any good ideas HMM!!!!!!!!
Kofi 9 years ago

Arthur Kennedy was not a presidential aspirant but an NPP flagbearer aspirant. The two are very different. Thank you.

Arthur Kennedy was not a presidential aspirant but an NPP flagbearer aspirant. The two are very different. Thank you.
kb 9 years ago

Just asking....

Just asking....
TEE 9 years ago

NOW HE CAN SEE HIS STUPIDITY MAHAMA

NOW HE CAN SEE HIS STUPIDITY MAHAMA
TEE 9 years ago

MAHAMA INCOMPETENT PERIOD

MAHAMA INCOMPETENT PERIOD
NBTT 9 years ago

Corporate Vultures Descend on Ghana

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 ...
read full comment

Corporate Vultures Descend on Ghana

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 and paid by these sinister foreign organisations.Political opposition leaders can come in useful and are often encouraged and funded by foreign intelligence organisations to stir up trouble. The identity of the foreign organisation controlling local organisations in the host country is often concealed from the indigenous people. 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 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 MANIPULATION, FEAR AND ATTEMPTS TO BRING COUNTRIES UNDER ITS INFLUENCE BY OFFERING "LOANS" "DEVELOPMENT" AID INVARIABLY WITH STRINGS ATTACHED. THIS IS CALLED CARROT AND STICK POLITICS. BASICALLY IT ENTAILS ORCHESTRATING POLITICAL AND ECONOMIC EVENTS USING THE VARIOUS TOOLS DESCRIBED ABOVE TO FRIGHTEN A GOVERNMENT INTO SUBMISSION THEN AT THE SAME TIME OFFER "HELP" USUALLY IN THE FORM OF "LOANS" AND "BAIL OUTS" WITH THE MOST OUTRAGEOUS STRINGS ATTACHED. A VERY IMPORTANT FACTOR WHICH HAS ENDEARED 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. That is not to say that the Chinese are perfect economic partners as anyone who has been following current affairs in Ghana will readily acknowledge but in comparison to our American friends the Chinese without a doubt look like saints. 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 forcibly 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 HAD A "SUMMIT" WITH OBAMA IN WASHINGTON RECENTLY. RIFE CORRUPTION IN ANY GOVERNMENT ALWAYS RENDERS THAT GOVERNMENT VULNERABLE TO SINISTER AND DETRIMENTAL MANIPULATION BY POWERFUL MALEVOLENT FOREIGN INTERESTS. 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. ONLY THE GOOD LORD CAN RESCUE US OUT OF THE HANDS OF THE WICKED.
Sankofa 9 years ago

'...while our abundant human and material resources go to waste.'

Actually,it is more accurate to say that our abundant material resources go to foreign interests. They control all the major sectors of our economy - mining ...
read full comment

'...while our abundant human and material resources go to waste.'

Actually,it is more accurate to say that our abundant material resources go to foreign interests. They control all the major sectors of our economy - mining, oil, construction, telecommunications, aviation and are moving to other areas like tourism. Even with cocoa, we borrow from abroad to pay our farmers.

We must take control of our natural resources and exploit them ourselves for the benefit of all our people.
Ajah B 9 years ago

Ghana with all the resources, keep begging for foreign help because of pure corruption and absolute mismanagement. Every Ghanaian should know this by now. The bloated government should be cut into half - i.e. downsize to 50% ...
read full comment

Ghana with all the resources, keep begging for foreign help because of pure corruption and absolute mismanagement. Every Ghanaian should know this by now. The bloated government should be cut into half - i.e. downsize to 50% of the current size, period. WE ONLY NEED A FEW MINISTRIES TO RUN THE COUNTRY EFFICIENTLY AND EFFECTIVELY.

'IMF bailout hurts most because Ghana has oil'

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 (46)

Read Comments Comments (46)