Africa's infrastructure deficit present opportunities – Mahama

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Conventional Youth 9 years ago

Ghana, he said, also has high telecommication penetration rate on the continent adding, “Private public partnership is the way to go.’’
In his welcome address, the Dubai Minister for Commerce averred that the forum is ...
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Ghana, he said, also has high telecommication penetration rate on the continent adding, “Private public partnership is the way to go.’’
In his welcome address, the Dubai Minister for Commerce averred that the forum is a platform to explore investment opportunities for Africa through engagements and to offer sustainable economic development through partnerships to connect Africa and the world by harnessing the continent’s capabilities.
The Minister for Foreign Affairs, Hon Hannah Tetteh, urged policy makers to promote trade, remove barriers and harmonize tariffs to create linkages and integration.
She expressed concern at the slow pace of the continent’s intra trading, which is fuelled by regional interests instead of the bigger interest.
“Our diversity as people on the continent is an opportunity to promote trade,” she stated and urged Africa to have a common vision, focus on detail and to involve the people in addressing the challenge.
Conventional Youth 9 years ago

Africa’s markets are changing fast with economic growth while rising prosperity and new business opportunities are a driving force between the worlds.
The Forum brought together investors and decision makers to encourage i ...
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Africa’s markets are changing fast with economic growth while rising prosperity and new business opportunities are a driving force between the worlds.
The Forum brought together investors and decision makers to encourage international revenue flow to tap into Africa’s potential.
OLD SOLDIER 9 years ago

AUTHOR: MARTIN A.B.K. AMIDU....

It would appear that those in control of the NDC, for the time being, were bent on excluding other bona fide members of the Party who may wish to lay democratic claims to who becomes the ne ...
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AUTHOR: MARTIN A.B.K. AMIDU....

It would appear that those in control of the NDC, for the time being, were bent on excluding other bona fide members of the Party who may wish to lay democratic claims to who becomes the next flag bearer of the Party by excluding them even before the mortal remains of the demised President were interred. It is also symptomatic of how political party elites in Ghana and Africa worm their way into the confidences of persons perceived as likely to ascend to power positions for purposes of eventual personal economic gain at the expense of the generality of the mass of Party members and the Nation which every President swears to serve under the Constitution
abu 9 years ago

Nigeria si oui problème in thé subvention. She is bieng a bully.

Nigeria si oui problème in thé subvention. She is bieng a bully.
MARCUS AMPADU 9 years ago

Especially, infrastructure deficits in renewable energy. Act on it Mr. President.

Especially, infrastructure deficits in renewable energy. Act on it Mr. President.
JONG 9 years ago

3 EURO BONDS AND SEVERAL LOCAL BONDS DEBTS PILE UP FOR GHANAIANS IS WHAT GHANA LEADERS DO BEST. NO ACCOUNTABILITY AND EURO BONDS DOESN'T COME WITHANY RESTRICTIONSAND ACCOUNTABILITY EXCEPT SPENDING, LOOT TO SHARE, EASY MONEY, ...
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3 EURO BONDS AND SEVERAL LOCAL BONDS DEBTS PILE UP FOR GHANAIANS IS WHAT GHANA LEADERS DO BEST. NO ACCOUNTABILITY AND EURO BONDS DOESN'T COME WITHANY RESTRICTIONSAND ACCOUNTABILITY EXCEPT SPENDING, LOOT TO SHARE, EASY MONEY, DEBTS PILE UP FOR GHANAIANS
Ann 9 years ago

Opportunity to looot with contracts

Opportunity to looot with contracts
Sethoo 9 years ago

Get more loans from the international community in the name of unborn Ghanaians and inflate the prices of projects then share with party cronies.

Get more loans from the international community in the name of unborn Ghanaians and inflate the prices of projects then share with party cronies.
VOTER 9 years ago

In 2010, China and Ghana signed an agreement for an interest free loan of $20million dollars however the Chinese component of the loan was for a sum of $18,593,525.97 for the construction of fish landing sites. The Mahama NDC ...
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In 2010, China and Ghana signed an agreement for an interest free loan of $20million dollars however the Chinese component of the loan was for a sum of $18,593,525.97 for the construction of fish landing sites. The Mahama NDC gov't stated in their manifesto that, they intended to build 2 fishing harbours at Elmina in the Central region and Jamestown in the Greater Accra region. They also stated in their manifesto that they were going to construct fish landing sites at Axim, Dixcove, Moree, Fete, Mumford, Winneba, Senya Beraku, Teshie, Ada, Keta, Abotoase and Dzemeni. This was for a loan amount of $20million dollars.
Till date, it's unclear whether the said projects for which the Mahama NDC gov't contracted the loan amount of $20million dollars has commenced, whether the fish landing sites in these coastal communities have been completed or the whereabouts of the funds. Indeed, there are infrastructure deficits which presents opportunities in Africa and in this case Ghana, but in situations where loans are contracted for such infrastructure projects by the gov't and neither the projects nor the funds are nowhere to be found, which are debts which would be repaid, it becomes quite problematic for the citizenry, under such gov'ts.
Could the Mahama NDC gov't update the masses on the status of work of these fish landing sites in these communities in terms of commencement and completion dates, or the whereabouts of these funds?
EDEM 9 years ago

Very good question? What happened to the landing sites or the money?

Very good question? What happened to the landing sites or the money?
toner & ink refill. 0244523451 9 years ago

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Denx 9 years ago

With no public toilets with washing basins plus soup how can Ghana defeat Ebola when it boils down to cleanliness.

With no public toilets with washing basins plus soup how can Ghana defeat Ebola when it boils down to cleanliness.
Ugly Akufo Addo 9 years ago

He can develop our nation no any other person in Ghana

He can develop our nation no any other person in Ghana
Gloria 9 years ago

You are a lost generation if you count on this clueless, womanizer as your president to develop Ghana for you. Some of us want him out even today because we want a progressive Ghana within its resources; not fools and childre ...
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You are a lost generation if you count on this clueless, womanizer as your president to develop Ghana for you. Some of us want him out even today because we want a progressive Ghana within its resources; not fools and children and thieves leading the God given, endowed, beautiful Ghana. Not evil dwarfs, people whom when you ask show me your right hand, they will have to think over and over again before showing you their left hand. Live in your pimpers paradise foolishly alone.
Hugo 9 years ago

Investors do not come to build infrastructures in a country that does not have money to pay for them & also in a country that do not have a good maintenance habit. AFRICA has been exploited too long because of our poor corru ...
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Investors do not come to build infrastructures in a country that does not have money to pay for them & also in a country that do not have a good maintenance habit. AFRICA has been exploited too long because of our poor corrupt leaders, who are leading for their own interest & not for the citizens.
BLAME GHANAIANS 9 years ago

MAHAMA YOU TALK TOO MUCH....KEEP MUTE AND WORK....YOU ARE SURPRISED THAT YOU ARE A PRESIDENT...DONT WORRY IT IS THE FAULT OF GHANAIANS

MAHAMA YOU TALK TOO MUCH....KEEP MUTE AND WORK....YOU ARE SURPRISED THAT YOU ARE A PRESIDENT...DONT WORRY IT IS THE FAULT OF GHANAIANS
Kwame 9 years ago

Our leaders use our infrastructure deficit to borrow loans in the name of the country and then stash the loans in their foreign bank accounts.

Our leaders use our infrastructure deficit to borrow loans in the name of the country and then stash the loans in their foreign bank accounts.
JONG 9 years ago

3 EURO BONDS WHERE DID THE MONEY WENT INCLUDING LOCAL GOVERNMENT BONDS . ANY ACCOUNTABILITY NON DEBTS PILE FOR GHANAIANS IS WHAT GHANA LEADERS DO BEST

3 EURO BONDS WHERE DID THE MONEY WENT INCLUDING LOCAL GOVERNMENT BONDS . ANY ACCOUNTABILITY NON DEBTS PILE FOR GHANAIANS IS WHAT GHANA LEADERS DO BEST
BAILOUT 9 years ago

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has cautioned African countries against piling up debts through excessive bonds issue.

According to her, unless Ghana and other African states ...
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Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has cautioned African countries against piling up debts through excessive bonds issue.

According to her, unless Ghana and other African states are borrowing from the international market to finance infrastructure, Eurobonds may not be a good thing.

"I think it (Eurobonds issues)should be done with measure like every thing. No excess, no abuse", she said.

Ghana and other countries like Ivory Coast, Rwanda, Kenya and Zambia have recently turned to the international capital market to raise billions of dollars for various projects.

Last month, a third Eurobond to raise $1 billion by Ghana was over subscribed.

The $1 billion bond has a 12-year maturity, with a coupon rate of 8.125%. The bond matures in 2026.

According to the Ghana government the $1 billion Eurobond will be used to fund capital expenditure in the 2014 Budget and counterpart funding for pipeline projects and the refinancing of domestic and external debt.

On June 16 2014, Kenya successfully issued two tranches of a maiden Eurobond ($500m, 5.875% due 2019 and $1.5bn, 6.875% due 2024) in order to support infrastructural developments in road, railway and healthcare.

Speaking at a news conference on the sidelines of the on-going IMF/World Bank Annual meetings in Washingtoin DC, Madam Lagarde said proper management of funds from bonds must be a crucial consideration among countries pursing that venture.

"We are currently working with the Fiscal Affairs Department [of the IMF] for specific research work to actually focus on how public finance and civil service in each country can actually well serve the discharge of major infrastructure projects and we will make that expertise available to all our members", Madam Lagarde said.

According to her apart from focusing funds from Eurobond on infrastructure, it is important to make sure Ghana and other African countries appreciate the benefits of good public finance management in ensuring efficiency of infrastructure.
This is as culled from myjoyonline. The IMF is questioning the sustainability of bonds issue and the disconnect in terms of infrastructure gap and public finance and civil service. More anon...

Africa's infrastructure deficit present opportunities – Mahama

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