When your public debt is high,you find it very difficult to access loans in the foreign Financial market.
When you get a loan you pay very high interest.
Investors also refuse to bring their money and the local currency dep ... read full comment
When your public debt is high,you find it very difficult to access loans in the foreign Financial market.
When you get a loan you pay very high interest.
Investors also refuse to bring their money and the local currency depreciates faster.
The best way to reduce public debt is to put in austerity measures.That is to cut down public expenditure drastically.
Unfortunately,NPP has chosen the opposite direction by increasing public expenditure.I'm yet to see how the public debt will be reduced.Thank you.
nantwi 7 years ago
Boy Kofi, we are a poor developing country.Austerity for Ghana now would be fatal. We have to improve the quality of governance and avoid wasting public funds, create a sound enviroment for private investments, just like the ... read full comment
Boy Kofi, we are a poor developing country.Austerity for Ghana now would be fatal. We have to improve the quality of governance and avoid wasting public funds, create a sound enviroment for private investments, just like the Gov. has started. Your medicine is good for already developed economies not for Ghana. We should support the finance minister.
BOY KOFI 7 years ago
There's no difference between a poor country or a developed country when it comes to payment of public debt.
The Finance Minister should have told us how much his budget will save by the end of 2017,unfortunately we didn't h ... read full comment
There's no difference between a poor country or a developed country when it comes to payment of public debt.
The Finance Minister should have told us how much his budget will save by the end of 2017,unfortunately we didn't hear anything of that nature.Thank you.
duodu Düsseldorf. 7 years ago
........of course there is a difference . Borrow less, stimulate local revenue for your budget,negotiate for better payment conditions, do not overspend. Simply cutting public spending drastically always means a cutdown on s ... read full comment
........of course there is a difference . Borrow less, stimulate local revenue for your budget,negotiate for better payment conditions, do not overspend. Simply cutting public spending drastically always means a cutdown on services in a country without any meaningful infrastructure, sacking employees. If there is no private sector to absorb the laidoff workforce, you soon have chaos, strikes, business shutdowns and your fine economic theory becomes meaningless. We see this in all very poor countries, which are forced to accept the advice of the IMF.
BOY KOFI 7 years ago
The only way to pay your public debt is to save money and do better investment.This is the true economic fundamental not bla,bla.Thank you.
The only way to pay your public debt is to save money and do better investment.This is the true economic fundamental not bla,bla.Thank you.
Man 7 years ago
AKUFO-ADDO WAS QUOTING SOMETHING ELSE JUST TO RUBBISH THE PREVIOUS GOVT
AKUFO-ADDO WAS QUOTING SOMETHING ELSE JUST TO RUBBISH THE PREVIOUS GOVT
SKIPER 7 years ago
OF COURSE IF YOU HAVE PEPOLE STEALING GOVERNMENT VEHICLES WHAT WOULD YOU EXPECT?
OF COURSE IF YOU HAVE PEPOLE STEALING GOVERNMENT VEHICLES WHAT WOULD YOU EXPECT?
When your public debt is high,you find it very difficult to access loans in the foreign Financial market.
When you get a loan you pay very high interest.
Investors also refuse to bring their money and the local currency dep ...
read full comment
Boy Kofi, we are a poor developing country.Austerity for Ghana now would be fatal. We have to improve the quality of governance and avoid wasting public funds, create a sound enviroment for private investments, just like the ...
read full comment
There's no difference between a poor country or a developed country when it comes to payment of public debt.
The Finance Minister should have told us how much his budget will save by the end of 2017,unfortunately we didn't h ...
read full comment
........of course there is a difference . Borrow less, stimulate local revenue for your budget,negotiate for better payment conditions, do not overspend. Simply cutting public spending drastically always means a cutdown on s ...
read full comment
The only way to pay your public debt is to save money and do better investment.This is the true economic fundamental not bla,bla.Thank you.
AKUFO-ADDO WAS QUOTING SOMETHING ELSE JUST TO RUBBISH THE PREVIOUS GOVT
OF COURSE IF YOU HAVE PEPOLE STEALING GOVERNMENT VEHICLES WHAT WOULD YOU EXPECT?
AND SO? YOUR BAWUMIA WILL FIX IT.