'Ghana’s debt to hit quadrillion by December'

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Mahmoud 8 years ago

Mr. Mahama and the NDC are not interested in priorities that would ease the suffering of Ghanaians; they are interested in prestigious signature projects for the enjoyment of few ruling elites , regardless of whether the infl ...
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Mr. Mahama and the NDC are not interested in priorities that would ease the suffering of Ghanaians; they are interested in prestigious signature projects for the enjoyment of few ruling elites , regardless of whether the inflated projects are priorities and value for money or not. Does the NDC government think, despite the massive corruption, they can borrow recklessly and spend their way foolishly into another mandate in 2016, when the nation is over burdened with HIPC and workers wallowing in hunger and over taxed?
Governance under the NDC government is about deceit and 'opium of the people'; they enjoy everything here on earth but ask us to wait for our basic needs in heaven. And as they ask us to tighten our belts for future betterment, they've already loosened theirs for immediate consumption. They didn't even respect our intelligence when they said we should wait for a paradise in three more years. The truth is that, everything they promise is a mirage and we will never find comfort under them because; they are con-men with con plans.
insight to the bone 8 years ago

It is good we are all looking at the various causes of the failure or non functioning of the state , we say its a failed state because it does not benefit the people in any way. The compromises made in the constitution totall ...
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It is good we are all looking at the various causes of the failure or non functioning of the state , we say its a failed state because it does not benefit the people in any way. The compromises made in the constitution totally erased any true obligation for public officials /civil servants to work for the welfare of the people . Rather they created privileged , untouchable , can do no wrong , non accountable groups that like vampires suck the people dry . We now have whole groups that are practically above the law . Laws are meant to oppress all those who are unlucky enough to have their tribe , ethnic group or relatives not affiliated to the ruling tribe or elite. We have developed a system of governance worse than than the Indian castes or monarchy of the middle ages as no development can ever succeed that doesn't tap all the potential of the whole nation. Whole groups based on ethnic backgrounds are excluded this was started by Achampong who appointed his Ashantis , continued by JJ who had a preference for Ewes and now Mahama who only trusts his relatives and northerners . In all fairness the we can not blame the ordinary northerners and ewes who have taken advantage of this mess did so because the bogus constitution allows it. This constitution encourages elitism ,nepotism, ethnocentrism , hegemony and a privileged corrupt class of civil servants . There is no partisan politics only tribal affiliations which facilitate enmity . There can never be national unity so we Akans opt to secede since we now have the numbers and population to create a sustainable state . In the late 40's and 50's the population of Ghana was around 5 million today just the Fanti speakers of the western and central regions are more than 5 million which is more than enough to create a new state , Africa can only unite , develop and be free when these imperialistic colonial borders are broken. We all know the political arena is polarized based on ethnic divides rather than political ideology and all sides have deeply dug their trenches and can not afford to loose which is a ripe situation for political violence which will lead to ethnic war . Any war started on this principle if it lasts longer than a month will automatically lead to the break down and secession of the various nations or tribes as the white man would classify. Let us not focus our energies on the hatrad of our enemies rather diligently prepare to create our own nation out of this mess. The blue print for creation of new nations and the obligations are in the Bible and a any nation ignoring this requirement given by God will suffer. God gives you a language and territory its up to you to fight with blood for freedom , long live the republic of Akan
RAHM 8 years ago

When will NPP stop misleading Ghanaians with their lies, if Nigeria the largest economy in Africa has a total external debt stock of $10 Billion Dollars, what is Ghanaian small economy doing with $95 Billion Dollars if not ju ...
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When will NPP stop misleading Ghanaians with their lies, if Nigeria the largest economy in Africa has a total external debt stock of $10 Billion Dollars, what is Ghanaian small economy doing with $95 Billion Dollars if not just NPP propaganda to mislead the people. Very unfortunate for NPP the NDC have covered virtually on developmental grounds therefore, what is left for NPP is to mislead the people in a belief it will lead them to victory. NPP is trapped in a politicts of deception and self deceit that Nana Akuffo Addo is a President in-waiting. Hope NPP overcome their frustrations soon and face up to reality that victory for them is far beyond 2016.
WAKAMPO 8 years ago

ARE THESE PEOPLE GOING TO USE STATE SECURITY AT THIS CHURCH AT TAXPAYERS' EXPENSE EVEN AFTER 2016 ELECTIONS WHEN THEY ARE LIKELY TO BE KICKED OUT OF THE FLAGSTAFF HOUSE?

GHANA LEADERS SHOULD ALWAYS REMEMBER THEY'LL ALWAYS ...
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ARE THESE PEOPLE GOING TO USE STATE SECURITY AT THIS CHURCH AT TAXPAYERS' EXPENSE EVEN AFTER 2016 ELECTIONS WHEN THEY ARE LIKELY TO BE KICKED OUT OF THE FLAGSTAFF HOUSE?

GHANA LEADERS SHOULD ALWAYS REMEMBER THEY'LL ALWAYS BE "AFRAID OF THEIR SHADOWS" AS LONG AS THEY CONTINUE TO LOOT THE NATION LEFT, RIGHT AND CENTRE, MAKING GHANAIANS TOIL IN THE PROCESS.

THERE ARE CERTAIN COUNTRIES WHERE THE LEADERS MIX FREELY WITH EVERYBODY WITHOUT SECURITY GUARDS BECAUSE THEY KNOW THEY ARE CLEAN SO THEY HAVE NOTHING TO FEAR.

SHEIKH MOHAMMED AL MAKTOUM OF DUBAI IS ONE OF SUCH LEADERS.

THE SHEIKH FREELY GOES ANYWHERE ANYTIME ALONE BECAUSE HE KNOWS HIS COUNTRYMEN & WOMEN DEEPLY APPRECIATE THE MASSIVE TRANSFORMATION OF DUBAI AND THE IMPROVEMENT OF THEIR LIVING STANDARDS UNDER HIS (SHEIK'S) LEADERSHIP.

THE SAME CANNOT BE SAID OF THE VAST MAJORITY AFRICA'S CORRUPT AND CALLOUS LEADERS.
Sam 8 years ago

Your argument is totally porous.the largest or smallest economy does not necessarily equate to external debt. think

Your argument is totally porous.the largest or smallest economy does not necessarily equate to external debt. think
Saint Ghfuo: CHALLENGE YOURSELF!!! 8 years ago

Very soon ghana will use human beings as collateral. Fucking idiot leaders

Very soon ghana will use human beings as collateral. Fucking idiot leaders
Create,loot and share 8 years ago

Corruption skyrocketed under John Mahama who is building a hotel in Dubai.

Corruption skyrocketed under John Mahama who is building a hotel in Dubai.
Pelicles 8 years ago

When was the last that a member of parliament, introduce a bill about something in Ghana? What are they doing in the august house? Just sitting there like zombies and getting paid for nothing?

When was the last that a member of parliament, introduce a bill about something in Ghana? What are they doing in the august house? Just sitting there like zombies and getting paid for nothing?
OWEN,NEW YORK. 8 years ago

For the N.D.C and Mahama government to permit the Financial Intelligence Act in Ghana where banks can call individuals to explain billions of cedis in their accounts,the evil of government and that of politicians will come to ...
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For the N.D.C and Mahama government to permit the Financial Intelligence Act in Ghana where banks can call individuals to explain billions of cedis in their accounts,the evil of government and that of politicians will come to an end. Ghana will be paradise once more. Looters can not go near the tax-payers money. N.D.C will never support such act in Ghana, What will they eat when such act is enacted .
tsatsu 8 years ago

look at brain washed fools talking Ndc / Npp
Don't look at the smokes and mirrors, the Ndc and Npp ministers sat in parliament and voted themselves all kinds of freebies and exgratia payments, there was no debate. They all a ...
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look at brain washed fools talking Ndc / Npp
Don't look at the smokes and mirrors, the Ndc and Npp ministers sat in parliament and voted themselves all kinds of freebies and exgratia payments, there was no debate. They all agreed to stick it to the tax payer, and the borrowed to pay themselves. Then when the come out in public, the Npp wipes their mouths and say its mahatma and NDC. The fools from NDC says the opposition undermines all our solutions. The fools immediately come on ghanaweb hungry and bitter and turn on each other. What fools you are.
WAKAMPO 8 years ago

KUFUOR INITIATED OIL PRODUCTION IN GHANA SHORTLY BEFORE HE ENDED HIS TERM.

NPP HAS, AFTER KUFUOR, NEVER WON A PRESIDENTIAL ELECTION, HENCE THEY ARE DESPERATE TO HAVE THEIR SHARE OF GHANA'S OIL MONEY.

AKUFFO-ADDO COMING ...
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KUFUOR INITIATED OIL PRODUCTION IN GHANA SHORTLY BEFORE HE ENDED HIS TERM.

NPP HAS, AFTER KUFUOR, NEVER WON A PRESIDENTIAL ELECTION, HENCE THEY ARE DESPERATE TO HAVE THEIR SHARE OF GHANA'S OIL MONEY.

AKUFFO-ADDO COMING TO POWER WILL TAKE GHANA'S LEADERSHIP CORRUPTION TO A WHOLE NEW LEVEL. MARK MY WORD!

NPP WILL LOOT WITH BOTH THEIR HANDS AND FEET BECAUSE THE PARTY IS BROKE, WHILE KUFUOR AND HIS "HENCHMEN" ARE STILL FILTHY RICH, THANKS TO THEIR MASSIVE CREATE LOOT AND SHARE, EVEN INCLUDING GOVERNMENT PROPERTIES AND CUTLERY SETS IN OFFICIAL RESIDENCES.

WATCH THIS SPACE!!!!
Naaba kugri 8 years ago

Check your facts 95 billion cedis or dollars , we know your mischief tell us the 9.5 billion debt you left is about 42 billion in 7 years now including interest deduct that from the 95 billion you are talking about and throw ...
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Check your facts 95 billion cedis or dollars , we know your mischief tell us the 9.5 billion debt you left is about 42 billion in 7 years now including interest deduct that from the 95 billion you are talking about and throwing dust into people eyes
Zoobe-Zoobe 8 years ago

sart counting!

sart counting!
Future President¹²³ 8 years ago

Both figures are in dollars. $9.5 bn and $95 bn currently.

Both figures are in dollars. $9.5 bn and $95 bn currently.
/KOFI ADU DENVER USA 8 years ago

if you disagree with the figures please come out of what Ghana owns both domestic and international debts

if you disagree with the figures please come out of what Ghana owns both domestic and international debts
abena-kwabena 8 years ago

No one ever resignes, they are all dancing to the tune so that they can continue to fill their stomachs. Ghana is sinking right before our eyes and the people are divided on tribal and party lines.

No one ever resignes, they are all dancing to the tune so that they can continue to fill their stomachs. Ghana is sinking right before our eyes and the people are divided on tribal and party lines.
joe 8 years ago

useless And Incompetent party

useless And Incompetent party
Zoo 8 years ago

Mahama is a bad guy,he must go to jail.

Mahama is a bad guy,he must go to jail.
RIGHTMAN - USA 8 years ago

I'm yet to see an indebted country being sent prison.

I'm yet to see an indebted country being sent prison.
Nii 8 years ago

Why lament when you are the same people who approve the loans in parliament . Show some teeth and stop approving them if you are not just being mischievous? Otherwise tell the government how it can fund the projects.

Why lament when you are the same people who approve the loans in parliament . Show some teeth and stop approving them if you are not just being mischievous? Otherwise tell the government how it can fund the projects.
Adjei 8 years ago

Stupid idiot kyei Mensah. stop this unnecessary hype and tell us what the npp can do better than the ndc. nothing can stop for voting NDC . you people have nothing to offer mother Ghana

Stupid idiot kyei Mensah. stop this unnecessary hype and tell us what the npp can do better than the ndc. nothing can stop for voting NDC . you people have nothing to offer mother Ghana
WASTY 8 years ago

@ Agyei.....I dont know why dastards like you still exists. you are despecable so as your comments. a worthless vile and a source of monumental bullshit unconcionably spewing nugatory comments from your mouth. be decolorous f ...
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@ Agyei.....I dont know why dastards like you still exists. you are despecable so as your comments. a worthless vile and a source of monumental bullshit unconcionably spewing nugatory comments from your mouth. be decolorous for if one of your family members was like, it will done you good. I dont support him but i wont insult him either
Nii 8 years ago

NPP always mention the debt level they left in dollar s to sound a small figure while they mention debt level under NDC in cedi value to sound alarming. Anyway they should point to projects that they completed with their debt ...
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NPP always mention the debt level they left in dollar s to sound a small figure while they mention debt level under NDC in cedi value to sound alarming. Anyway they should point to projects that they completed with their debt .
/KOFI ADU DENVER USA 8 years ago

SO YOU THINK THE ECONOMY IS GOOD RIGHT LOOK AT THE VALUE OTHE CEDI TO EVEN NIARA.

SO YOU THINK THE ECONOMY IS GOOD RIGHT LOOK AT THE VALUE OTHE CEDI TO EVEN NIARA.
SAMITU ROSE 8 years ago

MOST OF OUR LOANS HAVE FOUND THEIR WAY INTO NDC PRIVATE POCKETS WHILST GHANA BEGINS TO SUFFER NEEDLESSLY THUS CREATING MORE AND MORE KAYAYEIS AND TROKOSIS AND ARMED ROBBERS BCOS OF JOBLESSNESS....ide biiiii kekeeeee

MOST OF OUR LOANS HAVE FOUND THEIR WAY INTO NDC PRIVATE POCKETS WHILST GHANA BEGINS TO SUFFER NEEDLESSLY THUS CREATING MORE AND MORE KAYAYEIS AND TROKOSIS AND ARMED ROBBERS BCOS OF JOBLESSNESS....ide biiiii kekeeeee
jojo 8 years ago

What does this mean to the common ghanaian in the street? Who approved those debt? If such wicked fools like your caliber sit in this august house and use minority syndrom to defuse the minds of the ordinary market woman as i ...
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What does this mean to the common ghanaian in the street? Who approved those debt? If such wicked fools like your caliber sit in this august house and use minority syndrom to defuse the minds of the ordinary market woman as if we have credible opposition in our democratic despensation. Swallow your evil advice. The innocent public dont need it. Is the chines inferior funitures you duped the public among these debt?.God is watching you people from a distance.
south Africa 8 years ago

This is sensless statmen. If kwabena Edusie and his wicked Frank Serebour nd co are still demanding 100 galuon of fuel every month from gov't, why shouldn't gov't bowrrow?

This is sensless statmen. If kwabena Edusie and his wicked Frank Serebour nd co are still demanding 100 galuon of fuel every month from gov't, why shouldn't gov't bowrrow?
eva 8 years ago

foolish ndc min. and prez have stolen the state funds. these people are evil. devil ndc govt.nkwaseafoo.

foolish ndc min. and prez have stolen the state funds. these people are evil. devil ndc govt.nkwaseafoo.
kutsii 8 years ago

Ghana's debt to hit 'wo tiri so, ni wa panpa so'. 'Kwasia npanin'. Doomsayer and doom monger. The dumsor is improving. Evil bald head man who refused to shake hands with late Prof Mills in Parliament. And u wish ur old evil ...
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Ghana's debt to hit 'wo tiri so, ni wa panpa so'. 'Kwasia npanin'. Doomsayer and doom monger. The dumsor is improving. Evil bald head man who refused to shake hands with late Prof Mills in Parliament. And u wish ur old evil dwarf apalahala kapwepwe shd be respected? Nonsense. Even if u burn the sea, Mahama will still win 2016 elections.
Kofi Ghana 8 years ago

Nonsense , where did you get that figure from ?

Nonsense , where did you get that figure from ?
/KOFI ADU DENVER USA 8 years ago

have you forgotten even the IMF loans?the minority leader is right and even the interest on the loans

have you forgotten even the IMF loans?the minority leader is right and even the interest on the loans
Ghana must know 8 years ago

That's what comes out of CRATE, LOOT and SHARE governance with useless parliament in support. Politicians are given the opportunity to serve the people and not to create, loot and share. Ghanaians are suffering please. Enough ...
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That's what comes out of CRATE, LOOT and SHARE governance with useless parliament in support. Politicians are given the opportunity to serve the people and not to create, loot and share. Ghanaians are suffering please. Enough of the thievery and fix the problem of the citizens. Ghanaians shine your eyes. Power is for the people and not greedy politicians. Vote wisely next time. Where are the WISE men in Ghana?.Where is JJ. Rawlinsgs,Kofour,Atuguba and Afari Djan?. Are they happy ?.
concerned Ghanaian 8 years ago

This foolish dirty tribal bigot is just a waste in that so called Parliament. is he not part of the debates on the loans? by the way, has he added theirs to it? this mother fucjer face bleaching idiot should stop throwing dus ...
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This foolish dirty tribal bigot is just a waste in that so called Parliament. is he not part of the debates on the loans? by the way, has he added theirs to it? this mother fucjer face bleaching idiot should stop throwing dust into our eyes. he should stop this wicked mischievous behaviour. is he not the leader of the minorities? bull shit. stupid rubbish
/KOFI ADU DENVER USA 8 years ago

IF YOU THINK THE MINORITY LEADER IS WRONG LET ME TELL YOU GHANA IS HEADING TOWARD INTERNATIONAL BANKRUPTCY

IF YOU THINK THE MINORITY LEADER IS WRONG LET ME TELL YOU GHANA IS HEADING TOWARD INTERNATIONAL BANKRUPTCY
Daytona 8 years ago

Today Ghana is awash with pessimism with the opposition npp seeing Ghana as a dark and dangerous place under president Mahama. they are yet to see a single achievement if this government because they are as blind as the bad. ...
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Today Ghana is awash with pessimism with the opposition npp seeing Ghana as a dark and dangerous place under president Mahama. they are yet to see a single achievement if this government because they are as blind as the bad. if a minority leader in Parliament can come out with this bull crap, then Ghana has a big problems. why this lies? by the way, did president mahama used the money in purchasing hotels in the name of his children or did he use it for gild chains to hang on his elongated dried necks with his criminal gangs. the mahatma led NDC government is not the problems and will never be. its the violent tribal npp party that is. it is no wonder. they said they will make the country ungovernable. they are instigating strikes all over. who is the loose? kyei Mensah should be ashamed of himself for this double standard. who is he trying to deceive and who is he trying to please. they better tell Ghanaians their alternative solutions of this government than this stupidity all of the time.
GBEWAA 8 years ago

THE VAST MAJORITY OF SUCCESSIVE NPP AND NDC GHANAIAN LEADERS ARE CRIMINALS.

SOME OF THEM EVEN CONDESCENDED TO BEING "DEBT COLLECTORS", LOOTERS OF STATE PROPERTIES AND CUTLERY SETS THIEVES.

OTHERS FIRED SHOTS THROUGH THE ...
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THE VAST MAJORITY OF SUCCESSIVE NPP AND NDC GHANAIAN LEADERS ARE CRIMINALS.

SOME OF THEM EVEN CONDESCENDED TO BEING "DEBT COLLECTORS", LOOTERS OF STATE PROPERTIES AND CUTLERY SETS THIEVES.

OTHERS FIRED SHOTS THROUGH THEIR CARS AND DISHONESTLY CLAIMED TO HAVE BEEN ATTACKED FROM OUTSIDE HIS CAR.

THIS IS THE KIND OF LEADERS DRIFTING GHANA BACKWARDS.

ONLY THE DEATH PENALTY AND ASSETS CONFISCATION AGAINST THESE LEADERS CAN SAVE GHANA.
friend of God 8 years ago

Ghanaians need to declare fasting and prayer both Christian and Muslim even homowo people also should join them, now another spirit has entered the doctors they want the Government to go and borrowed more,last time I heard fr ...
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Ghanaians need to declare fasting and prayer both Christian and Muslim even homowo people also should join them, now another spirit has entered the doctors they want the Government to go and borrowed more,last time I heard from the bbt news that after doctors next is teachers
kofi 8 years ago

and so.

and so.
Analyst 8 years ago

There is a lot of wisdom in taking external loans to finance development projects. There are some infrastructural projects like roads and energy generators which must not be delayed because they are so crucial to economic dev ...
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There is a lot of wisdom in taking external loans to finance development projects. There are some infrastructural projects like roads and energy generators which must not be delayed because they are so crucial to economic development. Practically, there is hardly any country on this earth that does not have any external debts to pay. For instance the "almighty" US is the leading indebted country on earth with a total external debt of nearly 20 trillion dollars which is more than 100% of their GDP. Even China, the 6th heavily indebted country on earth, has a debt of more than 3 trillion dollars hanging on its head. A country is not like an individual of limited lifespan. There is nothing wrong for a country to take loan once the loan is used for viable projects and of course, entities that give this loan do so because of the prospects they see.
Just look at our economy: almost all of our national revenue goes into salaries of government employees. How are we going to construct roads, build hospitals and schools, have pipe-borne water for all, expand energy/power capacity etc without loans? The alternative to going for loans is, to let our development wait 40, 50, or 100 or more years when we, maybe, can have enough surplus revenue to undertake these development projects. The foolishness of this alternative is that, once vital infrastructural projects are lacking, revenue generation will also suffer.
The other side of external debts which is hardly spoken of is that loans taken today are not due for payment immediately but after several years eg, 25 years. That is why it is even a good practice to take loan to service your loans/debts that are due for payment now. It is like a game for smart people.
My Opinon 8 years ago

Analyst,you are an idiot. Have you worked with a MORTGAGE Bank before?or have you ever contracted a loan from any Bank before? Name any financial institution in the world that would lend you money under the terms you just men ...
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Analyst,you are an idiot. Have you worked with a MORTGAGE Bank before?or have you ever contracted a loan from any Bank before? Name any financial institution in the world that would lend you money under the terms you just mentioned? "Not start paying back until 25 years" How could that institution stay in business if they have to wait for 25 yrs for Borrowers to start paying them?Why you NDC people are so stupid!!
Analyst 8 years ago

Mr Know-it-all, let me make it clear to you that, countries don't go for mortgage loans. Particularly for developing countries like Ghana, they either go for commercial or concessionary loans. Concessionary loans are loans of ...
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Mr Know-it-all, let me make it clear to you that, countries don't go for mortgage loans. Particularly for developing countries like Ghana, they either go for commercial or concessionary loans. Concessionary loans are loans offered at favourable terms with lower interest rates and longer repayment periods than standard commercial loans. Most of Ghana's loans are concessionary loans and some of these loans have a very long repayment time as I said earlier.
In a debate or discussion, it is not a civilized culture to describe those you disagree with as idiots. When you refer to someone as an idiot, that surely does not make the person an idiot; it only indicates how unncivilized you yourself are. I hope you will grow.
Andy k 8 years ago

oh NDC and Prez Mahama so your ede biiii was ebe $95billion debt God will judge you and Ghanaians

oh NDC and Prez Mahama so your ede biiii was ebe $95billion debt God will judge you and Ghanaians
Arthur 8 years ago

I agree with you Kyei on the FIU fully. Just that I can't trust you.Tell us how you got one of the Ghana @ 50 cars. You borrowed money on behalf of even unborn Ghanaians to buy cars share among yourselves. Have you repented? ...
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I agree with you Kyei on the FIU fully. Just that I can't trust you.Tell us how you got one of the Ghana @ 50 cars. You borrowed money on behalf of even unborn Ghanaians to buy cars share among yourselves. Have you repented? You are not serious one bit. Shame on you.
Ganyo 8 years ago

Desperate arseholes who cant even count.

Desperate arseholes who cant even count.
####### 8 years ago

NPP,S SCAREMONGERS. THIS IS WHAT THEY KNOW TO DO BEST

NPP,S SCAREMONGERS. THIS IS WHAT THEY KNOW TO DO BEST
Akans Prophecies 8 years ago

I am frozen. Although, in the heat of the sun, I feel cold by this relevation. When will Ghanaians break their chains from metal political slavery. We have never call for more financial rape on us. Mahama is a Dumsor, he atta ...
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I am frozen. Although, in the heat of the sun, I feel cold by this relevation. When will Ghanaians break their chains from metal political slavery. We have never call for more financial rape on us. Mahama is a Dumsor, he attacks the good sides on our economy , whiles we meditate, and smiles with dirty road building projects, while we pray .Kill him now and save the young ones.
ABUBAKAH 8 years ago

WHAT IS YOUR PROBLEM BORROWING FOR DEVELOPMENT IS GOOD. AFTER ALL DIE BE DIE.

WHAT IS YOUR PROBLEM BORROWING FOR DEVELOPMENT IS GOOD. AFTER ALL DIE BE DIE.
adom 8 years ago

Hahahaha!

Lawwrence Addai Mensah Bonsu.

When NPP borrows, it is fine. When NDC borrows, it is not good.

Hahahaha!

Lawwrence Addai Mensah Bonsu.

When NPP borrows, it is fine. When NDC borrows, it is not good.

'Ghana’s debt to hit quadrillion by December'

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