$250m saga: Gov’t killing state banks – Group

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Joe sam 8 years ago

They are simply thieves

They are simply thieves
DR TRUTH 8 years ago

IBRAHIM MAHAMA OWED MERCHANT BANK $25 MILLION DOLLARS AND MAHAMA/NDC GOVT SOLD IT FOR $19 MILLION. CORRUPT PRESIDENT

IBRAHIM MAHAMA OWED MERCHANT BANK $25 MILLION DOLLARS AND MAHAMA/NDC GOVT SOLD IT FOR $19 MILLION. CORRUPT PRESIDENT
Sam 8 years ago

You don't have a clue on banking and finance matters. A load of rubbish is also a good description for your infantile analysis.

You don't have a clue on banking and finance matters. A load of rubbish is also a good description for your infantile analysis.
lankwei 8 years ago

My sentiments exactly!

My sentiments exactly!
KOLA, LONDON INSIDE 8 years ago

You couldn't have said it better. This is the sort of platform which novices stand to throw dust into the eyes of the public. Our own Ghanaians collapsed ADB, right. So why must Government look for money and save a Bank which ...
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You couldn't have said it better. This is the sort of platform which novices stand to throw dust into the eyes of the public. Our own Ghanaians collapsed ADB, right. So why must Government look for money and save a Bank which our own Ghanaians couldnt manage? And how much interest would ADB give back to that said amount than the private one?

Hopeson Adoye should grow up.
Tweaa 8 years ago

Who are these "our own Ghanaians''
who wrecked ADB. Was it not your NDC criminals under whose administration the ADb went out of business?
You are full of Filth. Period.

Who are these "our own Ghanaians''
who wrecked ADB. Was it not your NDC criminals under whose administration the ADb went out of business?
You are full of Filth. Period.
Sam 8 years ago

You need to educate yourself on the difference between CORPORATE GOVERNANCE and EXECUTIVE OVERSIGHT vis-a-vis ADB. Politicising every issue is a sign of crass ignorance, and a superficial mind. Your concluding sentence marks ...
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You need to educate yourself on the difference between CORPORATE GOVERNANCE and EXECUTIVE OVERSIGHT vis-a-vis ADB. Politicising every issue is a sign of crass ignorance, and a superficial mind. Your concluding sentence marks you out as a person lacking in pedigree and upbringing !
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 8 years ago

I keep saying that if NPP feels that government has broken any law, they should proceed to court and make their case.

There is no law in Ghana that bars any bank (including UBA) or an individual from buying government of G ...
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I keep saying that if NPP feels that government has broken any law, they should proceed to court and make their case.

There is no law in Ghana that bars any bank (including UBA) or an individual from buying government of Ghana T-bills. Anyone who deposits hie or her money with a bank can hardly tell what the bank does with the money but we all know that there money is not left in the bank's vaults to gather dust. It is invested to make profit for the bank and its stakeholders.

The Ghana Infrastructure Investment Fund (GIIF) has its account with the UBA, not with the ADB, so if the GIIF puts its money into its account at the UBA, the UBA is at liberty to investment that money how it deem fit and make profit for all its stakeholders. And one other thing that we forget about is that when a bank banks profit in Ghana, they pay tax to government. Is that a bad thing for our economy?

If the state banks want to remain relevant in today's marketplace, they must innovate and be efficient and compete with the rest of the banks.

Again, the NPP yahoos must either shut the fuck up or go to court and make their case. Propaganda and Patapaa will not win them the elections. Sadly, the armchair politicians are not even campaigning, they as broke as a church mouse. Today's church mice are even richer than the NPP.
SBD 8 years ago

That US$250 million shouldn't have left the Bank of Ghana by law. The GIIF has no personnel currently so the Minister of Finance's claim of money sitting idle at the BoG is dumb. Why borrow if you have no need for it. This is ...
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That US$250 million shouldn't have left the Bank of Ghana by law. The GIIF has no personnel currently so the Minister of Finance's claim of money sitting idle at the BoG is dumb. Why borrow if you have no need for it. This is not an NPP, CPP or whatever, issue.
Koko 8 years ago

UBA is a nigerian bank and most Nigerians are thiefs.However during president Kuffours time,they gave out Ghana airways properties to their friends and cronies and knowing very well that politics is money if the NDC does not ...
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UBA is a nigerian bank and most Nigerians are thiefs.However during president Kuffours time,they gave out Ghana airways properties to their friends and cronies and knowing very well that politics is money if the NDC does not find ways to make money how will they survive?If I were part or in Government I will do the same thing or find ways to make money to be relevant.
NtntAli Mahama 8 years ago

'Mahama and his greedy NDC crooks are milking Ghana dry.Lets use our thumbs to kick them out come November 7th. Nana Beba

'Mahama and his greedy NDC crooks are milking Ghana dry.Lets use our thumbs to kick them out come November 7th. Nana Beba
inercycl 8 years ago

No complaints. They should be all ready to go to jail though.

No complaints. They should be all ready to go to jail though.
Otsibu Darko 8 years ago

We Ghanaians are very stupid and foolish indeed. We're all writing and condemning the govt. over $250 million taken out of $1 billion euro bon deposit, for whatever purpose, I don't know and don't support it. What bothers me ...
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We Ghanaians are very stupid and foolish indeed. We're all writing and condemning the govt. over $250 million taken out of $1 billion euro bon deposit, for whatever purpose, I don't know and don't support it. What bothers me most is our stupid and foolish fretting over this $250 million. If we all can go back to Feb. 1st. 2015 of this same website and under the business section---Ghana earns $1 billion from oil sales, it is seen that the Tullow oil company lifted an equivalent of $250 billion in oil from the Jubilee fields within 3 years of it's operations, of which an insulting $1 billion was giving to Ghana, strangely everybody is(was) silent on this very important issue but rather concentrating our energy on smaller amount. What's wrong with us Ghanaians, it's 'okay' for private company to take away $249 billion and everything wrong about $250 million or may be millions is of greater value than billions. $50 billion out of this money would have paid Ghana's external/internal debts outright
and Ghana would be on it's way to economic prosperity and development yet $250 million is more important than billions and I believe the company is still carting billions of dollars in oil away----we have brains which is only good womanizing. From the very top to the very low of all Ghanaians, we are more than stupid and foolish indeed! Most people would say it's the way the contract was written, the contract is not cast in concrete, re-negotiate and if the company says no let them go; it's about time we faced the govt., we are tired of this vicious cycle of poverty with no end in sight. All the politicians/business tycoons are sending their children to the best schools abroad and the same govt. can't afford pencils and chalks in the classrooms; nurses, teachers and other govt. employees not being paid or not receiving their salaries/wages on time- Ghana after Nkrumah is a mockery and circus, just like the animal farm/kingdom!
Abuja 8 years ago

The Ghanaian banks will not give bribes and kick backs. But Nigerian banks will give kick backs. You put 250 million and get 22 percent. Meanwhile the current rate is 25 percent. What happened to the 3 percent?

The Ghanaian banks will not give bribes and kick backs. But Nigerian banks will give kick backs. You put 250 million and get 22 percent. Meanwhile the current rate is 25 percent. What happened to the 3 percent?

$250m saga: Gov’t killing state banks – Group

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