If borrowing is the only way on how to run a country,everybody in this country can be a President like John Mahama.This President don't know anything apart from borrowing.
If borrowing is the only way on how to run a country,everybody in this country can be a President like John Mahama.This President don't know anything apart from borrowing.
tt 8 years ago
What are you borrowing should be our concern not the birrowing it self
What are you borrowing should be our concern not the birrowing it self
United Ghana 8 years ago
I agree, but, this govt has no strategic aims in borrowing, except, to pay for recurrent expenditure & arrears in the system, settlement of debts & looting. Ghana is in trouble.
I agree, but, this govt has no strategic aims in borrowing, except, to pay for recurrent expenditure & arrears in the system, settlement of debts & looting. Ghana is in trouble.
cojoe 8 years ago
When you are borrowing large sums of money with high interest rate, you will not even be able to pay the interest on the loan before the borrowed money finishes, putting you in a vicious cycle.
When you are borrowing large sums of money with high interest rate, you will not even be able to pay the interest on the loan before the borrowed money finishes, putting you in a vicious cycle.
For the sake of Nkrumah 8 years ago
I agree with John Tema. You know, in the original texts of Chrisitianity and in Islam, borrowing or receiving money tied with INTEREST is a Sin. And from this government's policy on borrowing instead of creating, I can see wh ... read full comment
I agree with John Tema. You know, in the original texts of Chrisitianity and in Islam, borrowing or receiving money tied with INTEREST is a Sin. And from this government's policy on borrowing instead of creating, I can see why. Why does a country with the riches of Ghana need to borrow a penny from anyone? We have so much REAL wealth....and they run around borrowing ink and paper notes from America and Europe.....and then use real resources to pay them back on the ink and paper WITH INTEREST!? It is either madness, neo-colonialism, or both.
fear woman 8 years ago
Douglas BRISTOL UK answer this with your stupid ewe ass
Douglas BRISTOL UK answer this with your stupid ewe ass
PRINZY@BONN-Germany 8 years ago
A leader must be able to create and mobilize natural resources with a: Goal and Targets of transformation, or to execute national development. Its not about Tax increase, Borrowing LOANS for projects. Its abt critically think ... read full comment
A leader must be able to create and mobilize natural resources with a: Goal and Targets of transformation, or to execute national development. Its not about Tax increase, Borrowing LOANS for projects. Its abt critically thinkin & Planning. Thus what Ndc gov't luck in their coconut heads. Mahama NDC must go 2016 period.
Seidu Fuseini 8 years ago
We have the most stupid president ever in the history of ghana, where are our military men and women. in my opinion, ghana needs a coup d tal to remove this clueless, incompetent, criminal and corrupt john mahama anad his thi ... read full comment
We have the most stupid president ever in the history of ghana, where are our military men and women. in my opinion, ghana needs a coup d tal to remove this clueless, incompetent, criminal and corrupt john mahama anad his thieves from power before we can see any light at the end of the tunnel. Surprisingly, there are equall minded fools who will support and rain insults on concerned citizens for the sakee of their stomach. Ghana is doomed now
tt 8 years ago
Please tell us too what these monies are going to. Stop fedding us with half news
Please tell us too what these monies are going to. Stop fedding us with half news
See blue 8 years ago
THIS GOVERMENT IS DOING EVERYTHING POSSIBLE TO SEND THE COUNTRY INTO ABYSS,CRUMBLING EVERY INFRUSTRATURE and CREATING DEBT EVERYWHERE.GET THEM OFF THE SEEN IMMEDIATELY.THANK U GHANA
THIS GOVERMENT IS DOING EVERYTHING POSSIBLE TO SEND THE COUNTRY INTO ABYSS,CRUMBLING EVERY INFRUSTRATURE and CREATING DEBT EVERYWHERE.GET THEM OFF THE SEEN IMMEDIATELY.THANK U GHANA
Logic 8 years ago
"He who goes borrowing,goes sorrowing"
"He who goes borrowing,goes sorrowing"
tt 8 years ago
What is it going to be used for is our concern
What is it going to be used for is our concern
K Man 8 years ago
TT ask yourself what has the previous borrowing been used for and as the article above has said most (probably all) is going to finance debt. The government wants to pay down more expensive debt by seeking cheaper debt, it's ... read full comment
TT ask yourself what has the previous borrowing been used for and as the article above has said most (probably all) is going to finance debt. The government wants to pay down more expensive debt by seeking cheaper debt, it's like getting a lower interest loan/credit card to pay off your more expensive one.
That may make sense, but if government (as it seems to be the case) is just getting loans to pay off debt and bills then there is no capital expenditure.
How can a country develop if loans are being used to pay off loans, Borrowing is fine if it IS USED for captial developemnt, where in Ghana do any of us see this (new road networks, transportation, engineering projects, etc).
Please let's be more critical of this.
Future President¹²³ 8 years ago
The government is running a ponzi scheme now... robbing peter to pay Paul.
The government is running a ponzi scheme now... robbing peter to pay Paul.
Obiba Broke 8 years ago
This is the ndc s better ghana for the stupid and uneducated ghanaians, I am sure a lesson is learned here for 2016
This is the ndc s better ghana for the stupid and uneducated ghanaians, I am sure a lesson is learned here for 2016
Dr Berger 8 years ago
we can assist in getting a LEGAL Visa to work and live in Europe. Contact by email mkberger@yandex.com for further information.
we can assist in getting a LEGAL Visa to work and live in Europe. Contact by email mkberger@yandex.com for further information.
JATO KWASHIVI RAWLNGS 8 years ago
IT IS A CRIME TO DO HUMAN TRAFFICKING. STOP IT, BEFORE YOU ARE CAUGHT. THE FBI AND EUROCOP ARE WATCHING YOU.
IT IS A CRIME TO DO HUMAN TRAFFICKING. STOP IT, BEFORE YOU ARE CAUGHT. THE FBI AND EUROCOP ARE WATCHING YOU.
Sam 8 years ago
Ghana FOR SALE or it has been sold already
Ghana FOR SALE or it has been sold already
a.k, amsterdam 8 years ago
All what Mahama knows best is to borrow. Is that all president is about? Even a 10 year old boy can manage the country resources well than this dead goat. He gives birth like a pig.
All what Mahama knows best is to borrow. Is that all president is about? Even a 10 year old boy can manage the country resources well than this dead goat. He gives birth like a pig.
BAWA NAVRONGO 8 years ago
just sell your citizens to raised the needed capital for your projects to help you win the 2016 elections. your borrowing is getting out of hands we are tired of your borrowing Seth terkpe. haaabaa!!!!!!!
just sell your citizens to raised the needed capital for your projects to help you win the 2016 elections. your borrowing is getting out of hands we are tired of your borrowing Seth terkpe. haaabaa!!!!!!!
vip 8 years ago
oh my brother, u mak me sad. let mahama sell us den we kno we are sold. borrowing here borrowing der !
oh my brother, u mak me sad. let mahama sell us den we kno we are sold. borrowing here borrowing der !
STEVOOOOOOO 8 years ago
does ndc know that this uncontrollable taste to borrow more and steal the money thro dubious contracts and overbloating of contract sums, etc only increases poverty in the north and volta where poverty is already so endemic m ... read full comment
does ndc know that this uncontrollable taste to borrow more and steal the money thro dubious contracts and overbloating of contract sums, etc only increases poverty in the north and volta where poverty is already so endemic more than anywhere else in Ghana?......ignoramuses in power in Ghana ....ide biiii kekekeee
Loway 8 years ago
If they know Finance
If they know Finance
K Man 8 years ago
The irony is that Ghana itself (within the system) probably has enough capital through private equity and also generally in the government to fund its development for growth.
Keep on saying this but can anyone (hand on hea ... read full comment
The irony is that Ghana itself (within the system) probably has enough capital through private equity and also generally in the government to fund its development for growth.
Keep on saying this but can anyone (hand on heart) that the level of corruption in the system does not impact Ghana's ability to be self reliant for capital investments.
No one wants to stop chopping money but are happy to go borrow...it's madness. Honestly we could be a trillion dollar economy but the issue of corruption is so deep that we would still be borrowing money.
I absolutely believe that if we had serious political leaders who were absolutely determined to at least half corruption Ghana in the next few years would be easily self sufficient and able to develop the economy to a TRULY middle income country (with all the infrastructure and social development with it).
United Ghana 8 years ago
Well said.
Well said.
For the sake of Nkrumah 8 years ago
Well said. We need to raise awareness, and people need to take to the streets and protests this regime....As long as we are in great debt to foreign powers than it is arguable that we are still a colony of these money interes ... read full comment
Well said. We need to raise awareness, and people need to take to the streets and protests this regime....As long as we are in great debt to foreign powers than it is arguable that we are still a colony of these money interests. People need to stop being scared to protest.
United Ghana 8 years ago
Hear hear
Hear hear
GBEWAA 8 years ago
DO GHANA LEADERS KNOW THE LONG-TERM CONSEQUENCES OF THIS UNBRIDDLED GOVERNMENT BORROWING?
GHANA IS ALREADY EXPERIENCING THE DESTRUCTIVE CONSEQUENCES OF BORROWING BY PAST ADMINISTRATIONS, AND THEY DO NOT SEEM TO LEARN FROM ... read full comment
DO GHANA LEADERS KNOW THE LONG-TERM CONSEQUENCES OF THIS UNBRIDDLED GOVERNMENT BORROWING?
GHANA IS ALREADY EXPERIENCING THE DESTRUCTIVE CONSEQUENCES OF BORROWING BY PAST ADMINISTRATIONS, AND THEY DO NOT SEEM TO LEARN FROM THAT.
WHERE DO ALL OF GOVERNMENT TAX REVENUES GO TO?
REVENUES COLLECTED AT TEMA AND TAKORADI PORTS ALONE SHOULD SEE GHANA THROUGH THIS HELL IF WELL ACCOUNTED FOR.
WHAT AT ALL IS WRONG WITH GHANA'S SUCCESSIVE LEADERS?
DO THEY THINK?
GBEWAA 8 years ago
BORROW TO SERVICE DEBTS, AND GET MORE INDEBTED TILL THY KINGDOM COME!!
THAT'S THE ONLY LANGUAGE UNDERSTOOD BY THESE LAZY VISIONARY HAPPY-GO-LUCKY GHANAIAN LEADERS.
BORROW TO SERVICE DEBTS, AND GET MORE INDEBTED TILL THY KINGDOM COME!!
THAT'S THE ONLY LANGUAGE UNDERSTOOD BY THESE LAZY VISIONARY HAPPY-GO-LUCKY GHANAIAN LEADERS.
Mokasa 8 years ago
There is something very unusual about the way this government cost projects...
There is something very unusual about the way this government cost projects...
Suley Sato 8 years ago
Can Ghana continue to borrow at the level ad infinitum. Are we preparing Ghana to meet the same fate as Greece. This level borrowing is NOT good for the economy. BORROW AND SCOUNDER IS NOT THE BEST WAY TO MOVE OUR ECONOMY. ... read full comment
Can Ghana continue to borrow at the level ad infinitum. Are we preparing Ghana to meet the same fate as Greece. This level borrowing is NOT good for the economy. BORROW AND SCOUNDER IS NOT THE BEST WAY TO MOVE OUR ECONOMY. IT IS CRINIMAL TO PUSH THE GHANAIN ECONOMY TO THE BRINK. GHANA WILL SOON BREACH THE RED LINE FOR THE MAXIMUM ACCEPTABLE DEBT-GDP RATIO. GHANA CANNOT CONTINUE TO GET OUR SELVES SADDLED OWTH SUCH HIGE DEBTS THAT WE CANNOT PAY IN THE FORESEEABLE FUTURE. WHAT PROJECTS WOULD BE IMPLEMENTED WITH THE BILLIONS THAT ARE TO BE BORROWED ?E WE REALLY
impromptus 8 years ago
Nothing to show off for many yrs in power
Nothing to show off for many yrs in power
impromptus 8 years ago
Come back to life to borrow, uncle Mamamah
Come back to life to borrow, uncle Mamamah
travel n see 8 years ago
Borrowers or those who lend money own a whole continent or Ghanas ass and they tell u what to do bcos ghana gov is been control by the lender. Go to google and watch These animation explaning the American dream or Rothschild.
Borrowers or those who lend money own a whole continent or Ghanas ass and they tell u what to do bcos ghana gov is been control by the lender. Go to google and watch These animation explaning the American dream or Rothschild.
Ayaaba 8 years ago
Why this unaccessary browing mr. Confused president, wat are even using the money for??? Tweee!
Why this unaccessary browing mr. Confused president, wat are even using the money for??? Tweee!
Kelvin 8 years ago
Fooooools N.D.C
Fooooools N.D.C
kingdom 8 years ago
Mahama will kill as
Mahama will kill as
HAZOR 8 years ago
President Ali Baba John Mahama is borrowing to create debt to pay or settle debt.All the proceeds from gold,diamond,bauxite,manganese,cocoa,timber,corperate taxes,VAT,import and expot taxes,road tolls and gas and fuel taxes,p ... read full comment
President Ali Baba John Mahama is borrowing to create debt to pay or settle debt.All the proceeds from gold,diamond,bauxite,manganese,cocoa,timber,corperate taxes,VAT,import and expot taxes,road tolls and gas and fuel taxes,property tax and not a penny or dime goes to settle debt.In the history of Ghana it is only Mahama administration that borrow not to development the country but to pay debt.President Ali Baba John Mahama,did you know the reason why the whites are developing the country at the fastest pace?The whites knew,a day is coming when the currency will be useless and be thrown away.President Ali Baba John Mahama just learn a lesson from Dubai,because they knew one day they currency will be useless,they use their money to built their country for every body to enjoy and you are stealing and to denial Ghana development about create debt and when the world one government is created in the name of peace and one world currency is issue,what are you going to do with your stolen currency?
john mahama 8 years ago
foolish president this money should be used to creat jobs in the country.
foolish president this money should be used to creat jobs in the country.
Yaw Yeboah 8 years ago
The auction for 91 days treasury bills were under-subscribed last month. Therefore, why does Govt believe that there is demand for investing in their longer term bonds? Ghana is in real trouble.
The auction for 91 days treasury bills were under-subscribed last month. Therefore, why does Govt believe that there is demand for investing in their longer term bonds? Ghana is in real trouble.
john mahama 8 years ago
use the money to borrow to create jobs for our young men and women but the foolish president will not see the wisdom to do that
use the money to borrow to create jobs for our young men and women but the foolish president will not see the wisdom to do that
If borrowing is the only way on how to run a country,everybody in this country can be a President like John Mahama.This President don't know anything apart from borrowing.
What are you borrowing should be our concern not the birrowing it self
I agree, but, this govt has no strategic aims in borrowing, except, to pay for recurrent expenditure & arrears in the system, settlement of debts & looting. Ghana is in trouble.
When you are borrowing large sums of money with high interest rate, you will not even be able to pay the interest on the loan before the borrowed money finishes, putting you in a vicious cycle.
I agree with John Tema. You know, in the original texts of Chrisitianity and in Islam, borrowing or receiving money tied with INTEREST is a Sin. And from this government's policy on borrowing instead of creating, I can see wh ...
read full comment
Douglas BRISTOL UK answer this with your stupid ewe ass
A leader must be able to create and mobilize natural resources with a: Goal and Targets of transformation, or to execute national development. Its not about Tax increase, Borrowing LOANS for projects. Its abt critically think ...
read full comment
We have the most stupid president ever in the history of ghana, where are our military men and women. in my opinion, ghana needs a coup d tal to remove this clueless, incompetent, criminal and corrupt john mahama anad his thi ...
read full comment
Please tell us too what these monies are going to. Stop fedding us with half news
THIS GOVERMENT IS DOING EVERYTHING POSSIBLE TO SEND THE COUNTRY INTO ABYSS,CRUMBLING EVERY INFRUSTRATURE and CREATING DEBT EVERYWHERE.GET THEM OFF THE SEEN IMMEDIATELY.THANK U GHANA
"He who goes borrowing,goes sorrowing"
What is it going to be used for is our concern
TT ask yourself what has the previous borrowing been used for and as the article above has said most (probably all) is going to finance debt. The government wants to pay down more expensive debt by seeking cheaper debt, it's ...
read full comment
The government is running a ponzi scheme now... robbing peter to pay Paul.
This is the ndc s better ghana for the stupid and uneducated ghanaians, I am sure a lesson is learned here for 2016
we can assist in getting a LEGAL Visa to work and live in Europe. Contact by email mkberger@yandex.com for further information.
IT IS A CRIME TO DO HUMAN TRAFFICKING. STOP IT, BEFORE YOU ARE CAUGHT. THE FBI AND EUROCOP ARE WATCHING YOU.
Ghana FOR SALE or it has been sold already
All what Mahama knows best is to borrow. Is that all president is about? Even a 10 year old boy can manage the country resources well than this dead goat. He gives birth like a pig.
just sell your citizens to raised the needed capital for your projects to help you win the 2016 elections. your borrowing is getting out of hands we are tired of your borrowing Seth terkpe. haaabaa!!!!!!!
oh my brother, u mak me sad. let mahama sell us den we kno we are sold. borrowing here borrowing der !
does ndc know that this uncontrollable taste to borrow more and steal the money thro dubious contracts and overbloating of contract sums, etc only increases poverty in the north and volta where poverty is already so endemic m ...
read full comment
If they know Finance
The irony is that Ghana itself (within the system) probably has enough capital through private equity and also generally in the government to fund its development for growth.
Keep on saying this but can anyone (hand on hea ...
read full comment
Well said.
Well said. We need to raise awareness, and people need to take to the streets and protests this regime....As long as we are in great debt to foreign powers than it is arguable that we are still a colony of these money interes ...
read full comment
Hear hear
DO GHANA LEADERS KNOW THE LONG-TERM CONSEQUENCES OF THIS UNBRIDDLED GOVERNMENT BORROWING?
GHANA IS ALREADY EXPERIENCING THE DESTRUCTIVE CONSEQUENCES OF BORROWING BY PAST ADMINISTRATIONS, AND THEY DO NOT SEEM TO LEARN FROM ...
read full comment
BORROW TO SERVICE DEBTS, AND GET MORE INDEBTED TILL THY KINGDOM COME!!
THAT'S THE ONLY LANGUAGE UNDERSTOOD BY THESE LAZY VISIONARY HAPPY-GO-LUCKY GHANAIAN LEADERS.
There is something very unusual about the way this government cost projects...
Can Ghana continue to borrow at the level ad infinitum. Are we preparing Ghana to meet the same fate as Greece. This level borrowing is NOT good for the economy. BORROW AND SCOUNDER IS NOT THE BEST WAY TO MOVE OUR ECONOMY. ...
read full comment
Nothing to show off for many yrs in power
Come back to life to borrow, uncle Mamamah
Borrowers or those who lend money own a whole continent or Ghanas ass and they tell u what to do bcos ghana gov is been control by the lender. Go to google and watch These animation explaning the American dream or Rothschild.
Why this unaccessary browing mr. Confused president, wat are even using the money for??? Tweee!
Fooooools N.D.C
Mahama will kill as
President Ali Baba John Mahama is borrowing to create debt to pay or settle debt.All the proceeds from gold,diamond,bauxite,manganese,cocoa,timber,corperate taxes,VAT,import and expot taxes,road tolls and gas and fuel taxes,p ...
read full comment
foolish president this money should be used to creat jobs in the country.
The auction for 91 days treasury bills were under-subscribed last month. Therefore, why does Govt believe that there is demand for investing in their longer term bonds? Ghana is in real trouble.
use the money to borrow to create jobs for our young men and women but the foolish president will not see the wisdom to do that