US$2.2 bn debt sale boosts central bank reserves by a third

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Danso 7 years ago

Good Job. God bless Ghana n the NPP

Good Job. God bless Ghana n the NPP
SOCRATES 7 years ago

YOU BORROW SOMETHING THAT YOU HAVE TO PAY BACK WITH INTEREST & YOU GLORIFY THIS SHORT TERM SURGE IN RESERVES WHILE NEGLECTING THE TRUE PICTURE I.E. A DEPLETION EQUIVALENT TO THE INTEREST & OTHER CHARGES ON SAME $2.2B IN REAL ...
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YOU BORROW SOMETHING THAT YOU HAVE TO PAY BACK WITH INTEREST & YOU GLORIFY THIS SHORT TERM SURGE IN RESERVES WHILE NEGLECTING THE TRUE PICTURE I.E. A DEPLETION EQUIVALENT TO THE INTEREST & OTHER CHARGES ON SAME $2.2B IN REAL TERMS. SUCH SHALLOW & MYOPIC ANALYSIS IS DANGEROUS TO ECONOMIC HEALTH!!!