IMF not “dictating” to Ghana – Terkper

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Loway 9 years ago

Both Bank of Ghana and the Ministry of Finance are lack of creativity

Both Bank of Ghana and the Ministry of Finance are lack of creativity
Ibrahim 9 years ago

Keep on begging ... Start selling Ghana's oil only for gold and not for US dollars n see how strong the economy would be. Fools u don't explore new ways ... How can borrowing with interest fix a country(foolish Africans)

Keep on begging ... Start selling Ghana's oil only for gold and not for US dollars n see how strong the economy would be. Fools u don't explore new ways ... How can borrowing with interest fix a country(foolish Africans)
Ary 9 years ago

Start working hard and you can stop begging

Start working hard and you can stop begging
Saint Ghfuo: Nyantakyi must go! 9 years ago

You think we are stupid? Nigga, whoever you borrow anything from controls your frigging life. We want to know what you plan to do with the imf loan.

FACT: AID WONT STIMULATE GROWTH.
FOREIGN AID HAS PROVEN TO NOT BE AN ...
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You think we are stupid? Nigga, whoever you borrow anything from controls your frigging life. We want to know what you plan to do with the imf loan.

FACT: AID WONT STIMULATE GROWTH.
FOREIGN AID HAS PROVEN TO NOT BE AN ARDENT STIMULATE OF GROWTH FOR ANY LOAN/AID DEPENDENT NATION. LOOK AT THIS MONKEY TEPKER ACCEPTING the imf loan like a monkey accepting banana with a smile on his face. Mahama should spend a core of the loan on energy/dumsor. Then send the rest on empowering the judiciary and law enforcement to tackle corruption, smugglers, fraudsters, cheats and liars in the public sector, tax evaders.

GH. Sovereign Wealth Fund
*These Finance Ministers and politicians in Ghana must read these books.
*Book: "50years is enough", "Dying for growth: Global inequality and health of the poor".
*Govts must Invest in Health & Education for the poor = Higher GDPs for Ghana!
*Corruption Endemic in Africa: Corruption was set up by the colonial overlords who used their western style education to train Africans to be bureaucrats in the civil service. Thus propagating bureaucracy and corruption to favor the colonialists. This is why Boko Haram for example are livid with the corrupt, fiscal number changing, election ballot stuffing, nature of these western educated, african govt bureaucrats in. Will Boko haram end up in Ghana? Why not?
If the government can attempt to find solutions to these 3 issues. Things will be better. Instead, they engage in nefarious corrupt practices. Which prevents foreign investors from coming in becos there is stealing and no transparency in govt. So there is no money in the economy. So ghana now has to borrow the funds from imf, china etc and then these same corrupt Govts will steal that too! People like these must be jailed or shot dead!
*Book: "Dead Aid" by Dambisa Moyo
Every economist, African leader, finance minister must read this book!
*Book: "why nations fail": an abundance of natural resources is a national curse!
These nations with natural resource wealth on average have worse financial economies than nations who don't. Why you ask? Weak institutions, corruption, bad governors, managers!
*Ghana Sovereign Wealth Fund by Martin Skankar.....Norwegian Ministry of Finance
What is "Dutch Disease"?
1. 30% of proceeds from oil, gold, diamonds, cocoa revenues etc should be deposited yearly in a Ghana Sovereign Wealth Fund account, a national 401k. This money will never be touched by any govt, period! This money will be invested all over the world in socially constructive projects. Projects to be excluded can include chemical nuclear projects, environmentally disastrous projects, product based exclusions like tobacco, walmart(human rights abuses) will all be excluded. The ROI from this fund will be used to supplement infrastructure projects, free education etc...
2. A National Gas/oil Tax: Tax Revenue on all consumer gas sales, tolls, solar, wind energy sales will be deposited yearly in a federally administered Highway Trust Fund to fund new and refurbishing roads and transportation initiatives. Add tax revenue from truck/4x4 sales for the list. List this fund on the gsx or in a mutual fund/bond. Flagstaff House will tap intl this Gas tax and match all funds ponied up by the respective regions/local govt. This is how Ghana can wean itself from poverty and begin to acquire wealth and economic sustainability. Borrowing, selling natural resources, corruption, non patriotic govts, no free public education, no healthcare for the people etc won't help Ghana!
KOO 9 years ago

Seth Terkper says IMF is not dictating to Ghana but we all know that in any such transactions the lender always come with the conditions and not the borrower.Who is the lender here?.Seth, we know better.

Seth Terkper says IMF is not dictating to Ghana but we all know that in any such transactions the lender always come with the conditions and not the borrower.Who is the lender here?.Seth, we know better.
NAMO ALE 9 years ago

SEE A GROWN UP MAN THROWING DUST INTO GHANAIAN S EYES.
ALL THESE PEOPLE ARE SHAMELESS LIES GOD SAVE GHANA.
EVERYBODY KNOWS THAT IMF DICTATE THE PACE OF COLLECTING LOANS IF ITS NOT TRUE THEN THEY THEY SHOULD READ THE TERMS A ...
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SEE A GROWN UP MAN THROWING DUST INTO GHANAIAN S EYES.
ALL THESE PEOPLE ARE SHAMELESS LIES GOD SAVE GHANA.
EVERYBODY KNOWS THAT IMF DICTATE THE PACE OF COLLECTING LOANS IF ITS NOT TRUE THEN THEY THEY SHOULD READ THE TERMS AND CONDITIONS TO THE PUBLIC HEARING ON RADIO AND SEE HOW HOT THEY WILL LEAVE THEIR LIVES IN GHANA.
kwabena Owusu, Texas U.S.A 9 years ago

IMF will not agree to give you loan if you do not abide by and implement the measures they give you Mr.Finance minister. Ghana has been mortgaged simple put and we have to report every nickel and dime revenue from our export ...
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IMF will not agree to give you loan if you do not abide by and implement the measures they give you Mr.Finance minister. Ghana has been mortgaged simple put and we have to report every nickel and dime revenue from our export to IMF. We are in their pocket now so please stop throwing dust in the eyes of the people, IMF are not joke to mess with. We are not stupid and if you think we do not know nothing then read the terms of the agreement to the public, you think your trap has caught some "bayla" right.
KWASI 9 years ago

WE KNOW BETTER WE FULLY AWERE THAT YOU AND MAHAMA GOVT SOLD GHANA TO THE IMF FOR SMALL CHANGE

WE KNOW BETTER WE FULLY AWERE THAT YOU AND MAHAMA GOVT SOLD GHANA TO THE IMF FOR SMALL CHANGE
JACOB 9 years ago

THIEVES SPEAK WITH TWO DIFFERENT MOUTH JOHN MAHAMA WAS CRITISING IMF ONE TIME AND THEN BECAUSE OF IMCOMPETENCE GOES BACK TO THEM TO BORROW FOR LOOT TO SOME THAT ANY ORDINARY GHANAIAN SOLVE. USELESS LEADERS WHO CONTINUE TO SIN ...
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THIEVES SPEAK WITH TWO DIFFERENT MOUTH JOHN MAHAMA WAS CRITISING IMF ONE TIME AND THEN BECAUSE OF IMCOMPETENCE GOES BACK TO THEM TO BORROW FOR LOOT TO SOME THAT ANY ORDINARY GHANAIAN SOLVE. USELESS LEADERS WHO CONTINUE TO SINK GHANA AND AFRICA
fabio 9 years ago

I M F policies has never benefited developing countries. The problems of this country are home grown and needs grown solutions

I M F policies has never benefited developing countries. The problems of this country are home grown and needs grown solutions
GBEWAA 9 years ago

GHANA HAS BEEN TAKEN OVER BY SUCCESSIVE POLITICIAN CRIMINAL GANGS TRAINED IN THE NATION'S USELESS TERTIARY INSTITUTIONS.

THAT'S WHERE THEY ALL MASTER THE SKILLS OF LOOTING OUR NATION.

NO WONDER THE TERTIARY "INSTITUT ...
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GHANA HAS BEEN TAKEN OVER BY SUCCESSIVE POLITICIAN CRIMINAL GANGS TRAINED IN THE NATION'S USELESS TERTIARY INSTITUTIONS.

THAT'S WHERE THEY ALL MASTER THE SKILLS OF LOOTING OUR NATION.

NO WONDER THE TERTIARY "INSTITUTIONS" HAVE PRODUCED FAKE DOCTORS AND PROFESSORS OF ALL SHADES AND COLORS, INCLUDING FIRST DEGEREE HOLDERS, YET THEY CAN'T MANUFACTURE EVEN A TOOTHPICK.

OVER THE YEARS, THESE CRIMINAL GANGS HAVE BEEN LOOTING THE ECONOMY OF GHANA LEFT RIGHT AND CENTRE WHILE ORDINARY GHANAIANS LOOK ON SHEEPISHLY AND FOOLISHLY.

GHANA'S ECONOMY DOESN'T STAND A CHANCE OF RECOVERY IN THE HANDS OF THESE GORILLAS KNOWN AS HUMANS.

JUST LOOK AT THIS GORILLA IN THIS PICTURE, AND YOU'LL GET MY DRIFT.

IN GHANA, IF YOU WANT TO STEAL BIG AND GET AWAY WITH IT, JUST OCCUPY A POSITION OF AUTHORITY IN ANY OF THE STATE "INSTITUTIONS", AND ALL WILL BE JUST FINE WITH YOU.

THE NATION'S SUCCESSIVE PRESIDENTS, JUDGES, PROSECUTORS, POLICE, CUSTOMS, PORT AUTHORITIES, RIGHT DOWN TO EVEN THE DEPUTY MINISTER, ALL ARE JUST BUSY LOOTING OUR NATION CALLED GHANA.

WE SHALL ALL CONTINUE TO SWIM IN THE SHIT IN GHANA
eugene 9 years ago

ASK GREECE THE SAME QUESTION...THEY ARE THINKING OF LEAVING THE EUROPEAN UNION TO GET OUT OF THEIR BAIL OUT REQUIREMENTS

ASK GREECE THE SAME QUESTION...THEY ARE THINKING OF LEAVING THE EUROPEAN UNION TO GET OUT OF THEIR BAIL OUT REQUIREMENTS

IMF not “dictating” to Ghana – Terkper

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