DR BAWUMIA ,THE PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, the ... read full comment
DR BAWUMIA ,THE PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, there is the issue of prudence in the management of Ghana’s resources. How do you go and borrow money for 10.75% (US dollar) and give it to someone to lend it to you at over 20% (GHC)? In effect you are paying over 30%! Assuming stable exchange rates, Ghana will be paying additional interest of at least $50 million a year on this transaction. It really is reckless. The government is claiming that the funds were “idle”. Really? What does that mean? Why do you borrow funds and pay interest on it if you do not have use for them at the moment? It is clear that the GIIF does not have a portfolio of projects ready to invest in and it is weird to allocate a whopping sum of $250 million to them at this time. Is the Minister aware that the country owes N-Gas some $100 million? What about other contractors who are owed money by the government? How can you owe so much, have so much to do and yet claim to have “idle” borrowed funds? The allocation of such an amount to a private bank also has major macroeconomic consequences for a relatively small economy like Ghana. It increases the deposits of the banking system and ultimately the money supply. It has inflationary and exchange rate depreciation consequences and would make it more difficult for the government to meet its inflation target. I am surprised that the government is oblivious of these consequences. The Funds should stay at the Bank of Ghana. After all the Bank of Ghana, on its own or through its external fund managers of the caliber of internationally reputable banks like UBS, JP Morgan, Citibank, Merrill Lynch etc. can undertake whatever investment of the country’s foreign exchange that the government would like it to undertake
Champion 8 years ago
As usual, a scientific article that needs a scientific brains for dissuasion started here with insults from a brainless, idiot like prince. Please lets us wise up!!
As usual, a scientific article that needs a scientific brains for dissuasion started here with insults from a brainless, idiot like prince. Please lets us wise up!!
Champion 8 years ago
after several hours, I came back to see how many people contributed meaningfully to the debate on this great achievement, only 13 comments. however, a foolish political comment by sir john that has just been posted, over 100s ... read full comment
after several hours, I came back to see how many people contributed meaningfully to the debate on this great achievement, only 13 comments. however, a foolish political comment by sir john that has just been posted, over 100s of people pose their comments. that tells you who we are and why we are where we are. dirty minds infested with dirty politics. only interested in fighting to come to power just to come and loot our resources and share. maggot-infested brains!!
Patrick Clements 8 years ago
Are you for real? Stop thrown dust into our eyes. I you don't know who's looting the national coffers check with Justice Do tse of the Supreme Court. You shameless hypocrite!!! How long will you continue to sell your soul to ... read full comment
Are you for real? Stop thrown dust into our eyes. I you don't know who's looting the national coffers check with Justice Do tse of the Supreme Court. You shameless hypocrite!!! How long will you continue to sell your soul to .....
Kid 8 years ago
This is a great achievement ..This will,have to be broadcast by us ,,bcos the global media ignores news which seems to portray blacks as intelligent,,,but I don't think that should bother us too much ...
This is a great achievement ..This will,have to be broadcast by us ,,bcos the global media ignores news which seems to portray blacks as intelligent,,,but I don't think that should bother us too much ...
ACCRAMAN 8 years ago
Can this guy help the EC of Ghana to develop an electoral (voters) database and facilitate easy transmission of data from the collation centres to the EC head office, please, please, please - just asking.
Can this guy help the EC of Ghana to develop an electoral (voters) database and facilitate easy transmission of data from the collation centres to the EC head office, please, please, please - just asking.
Concerned 8 years ago
Hundreds of Ghanaians can help the ec transmit data.its not rocket science.
Hundreds of Ghanaians can help the ec transmit data.its not rocket science.
.^. 8 years ago
IT CAN BE DONE BUT AS LONG AS IT CANNOT BE MANIPULATED NDC GOVERNMENT WILL NOT LIKE IT.
IT CAN BE DONE BUT AS LONG AS IT CANNOT BE MANIPULATED NDC GOVERNMENT WILL NOT LIKE IT.
OBINNA 8 years ago
IF WE PUT OUR MINDS TO IT, WE CAN DO IT. OUR "CAN DO ATTITUDE" IS THERE BUT WE ARE NOT USING IT AND THE CURRENT ECONOMIC ATMOSPHERE IS DETERRING US FROM USING OUR BRAINS INSTEAD OF CREATING IN US OPPORTUNITIES FOR INVENTIONS.
IF WE PUT OUR MINDS TO IT, WE CAN DO IT. OUR "CAN DO ATTITUDE" IS THERE BUT WE ARE NOT USING IT AND THE CURRENT ECONOMIC ATMOSPHERE IS DETERRING US FROM USING OUR BRAINS INSTEAD OF CREATING IN US OPPORTUNITIES FOR INVENTIONS.
Deanaik 8 years ago
Congrats
Congrats
Kojo Billy Duncan 8 years ago
Congratulations
Congratulations
Time 8 years ago
Well Done Son, Ghana is proud of you. Please find a way to give back home, through individuals, gov, NGO's, I mean any way, b'cos mother Ghana really needs your kind.
Well Done Son, Ghana is proud of you. Please find a way to give back home, through individuals, gov, NGO's, I mean any way, b'cos mother Ghana really needs your kind.
Larsey 8 years ago
Congratulations Sir on your achievements. You are worth celebrating and I am proud of you
Congratulations Sir on your achievements. You are worth celebrating and I am proud of you
ghananiba 8 years ago
YES WE ARE PROUD OF YOU. UNFORTUNATELY NO BACK GROUND INFORMATION IS GIVEN OF FROM WHERE IN GHANA LAWRENCE TRACES HIS ANCESTRY. CAN ANYONE FILL IN THE VACCUUM PLEASE?
YES WE ARE PROUD OF YOU. UNFORTUNATELY NO BACK GROUND INFORMATION IS GIVEN OF FROM WHERE IN GHANA LAWRENCE TRACES HIS ANCESTRY. CAN ANYONE FILL IN THE VACCUUM PLEASE?
OBINNA 8 years ago
ARE YOU HEADING IN THE DIRECTION OF TRIBALISM? THE GUY IS A GHANAIAN. ISN'T THAT ENOUGH?
ARE YOU HEADING IN THE DIRECTION OF TRIBALISM? THE GUY IS A GHANAIAN. ISN'T THAT ENOUGH?
Ghanaba 8 years ago
Victor Lawrence is a true born Ghanaian. His father was the respected Inspector of Schools in the 40s and early 50s. Victor entered the then Government Boys Primary School, Adabraka (opposite Farisco)in 1950 and continued to ... read full comment
Victor Lawrence is a true born Ghanaian. His father was the respected Inspector of Schools in the 40s and early 50s. Victor entered the then Government Boys Primary School, Adabraka (opposite Farisco)in 1950 and continued to the Senior school (now Kinbu). From there he entered Achimota school for his secondary education. We were mates. I went to the premier college for boys, Adisadel the famous college.
Atta j k 8 years ago
True prominent Ghanaian, NOT the fakes elsewhere.
True prominent Ghanaian, NOT the fakes elsewhere.
Ghanaba 8 years ago
Victor you make we your classmates of the 1950s at Government Boys School Accra very proud of you. Yes you are indeed the true son of Education Officer Inspector Lawrence. I fondly remember our youthful days at your mum's res ... read full comment
Victor you make we your classmates of the 1950s at Government Boys School Accra very proud of you. Yes you are indeed the true son of Education Officer Inspector Lawrence. I fondly remember our youthful days at your mum's residence at Asylum Dowm. My regards to your sister Monica.Stay blessed.
Ray Allen, the moron Harvard Villager 8 years ago
Congrats son. Keep up the good work to better the world
Congrats son. Keep up the good work to better the world
CHE 8 years ago
We congratulate you for lifting the flag of Ghana and Africa high
We congratulate you for lifting the flag of Ghana and Africa high
abut 8 years ago
LUPUS CONGRATULATIONS. WELL DONE. WE ARE VERY PROUD OF YOU AND OTHERCOLLEAGUES WHO HAVE USED THEIR ACHIMOTA BACKGROUD TO BRING HONOUR, GLORY AND RECOGNITION TO GHANA, AFRICA AND THE WORLD AT LARGE
LUPUS CONGRATULATIONS. WELL DONE. WE ARE VERY PROUD OF YOU AND OTHERCOLLEAGUES WHO HAVE USED THEIR ACHIMOTA BACKGROUD TO BRING HONOUR, GLORY AND RECOGNITION TO GHANA, AFRICA AND THE WORLD AT LARGE
samson 8 years ago
Very well done sir, congrats!!! Very refreshing news today in place of the doom and gloom news of Ghana politics
Very well done sir, congrats!!! Very refreshing news today in place of the doom and gloom news of Ghana politics
Kwame 8 years ago
if this man was living in the US in the 1960s, educated in the Us and has his PhD in London and has always worked his entire life in the US and Uk. What makes us think, Ghana has anything to do with his achievement.I mean wha ... read full comment
if this man was living in the US in the 1960s, educated in the Us and has his PhD in London and has always worked his entire life in the US and Uk. What makes us think, Ghana has anything to do with his achievement.I mean what did Ghana as a country contribute to this man's success probably apart from the fact that his parent are Ghanaians who probably might have left Ghana very early on in their life!! We should fix our educational infrastructure and equip our young ones to compete globally instead of patting our backs on one's achievement and sucess for which we as nation has nothing to do with it or has not contributed to in any way shape or form
Obiba Kwame 8 years ago
I agree with you. The only thing Ghanaian about this guy is that he was born in Ghana. If he had remained in Ghana after Achimota and attended Legon or KNUST, he will be now inducted into the hall of infamy of corrupt and u ... read full comment
I agree with you. The only thing Ghanaian about this guy is that he was born in Ghana. If he had remained in Ghana after Achimota and attended Legon or KNUST, he will be now inducted into the hall of infamy of corrupt and unproductive Ghanaian scientists and engineers.
KOJO MENSAH 8 years ago
Congratulation Victor you have raised image of the country. Keep it up and May God Almighty bless you.
Congratulation Victor you have raised image of the country. Keep it up and May God Almighty bless you.
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 8 years ago
We have never doubted that we are as intelligent as the rest of the human race. We have proven it time and again. The problem is that if we bring these gems back to Ghana, they fail. The system suffocates them, and in no time ... read full comment
We have never doubted that we are as intelligent as the rest of the human race. We have proven it time and again. The problem is that if we bring these gems back to Ghana, they fail. The system suffocates them, and in no time, they become one of the us, the dumbass yahoos.
KWAME 8 years ago
Never expect the white-owned media to tell you about such feats. Blacks kids to know of such inspirational stories. We must not celebrate and promote only money-bags, rappers, and ballers. The "brains" too matter. Other races ... read full comment
Never expect the white-owned media to tell you about such feats. Blacks kids to know of such inspirational stories. We must not celebrate and promote only money-bags, rappers, and ballers. The "brains" too matter. Other races have low opinion of the black race. We are seen as God-created poor,stupid, not intelligent enough, and have criminal DNA in our makeup.
To God be the Glory.
KwadjoeYeboah, USA 8 years ago
Congratulations!
Congratulations!
KK 8 years ago
Victor! Congratulation. I met you at Lucent Technologies in the late 1990s. You truelly deserve this award.
Victor! Congratulation. I met you at Lucent Technologies in the late 1990s. You truelly deserve this award.
BTC 7 years ago
Why don't Ghana use blockchain technology? So simple and secured. Wall Street is late as usual and adopt the technology, why not Ghana EC?
Why don't Ghana use blockchain technology? So simple and secured. Wall Street is late as usual and adopt the technology, why not Ghana EC?
DR BAWUMIA ,THE PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, the ...
read full comment
As usual, a scientific article that needs a scientific brains for dissuasion started here with insults from a brainless, idiot like prince. Please lets us wise up!!
after several hours, I came back to see how many people contributed meaningfully to the debate on this great achievement, only 13 comments. however, a foolish political comment by sir john that has just been posted, over 100s ...
read full comment
Are you for real? Stop thrown dust into our eyes. I you don't know who's looting the national coffers check with Justice Do tse of the Supreme Court. You shameless hypocrite!!! How long will you continue to sell your soul to ...
read full comment
This is a great achievement ..This will,have to be broadcast by us ,,bcos the global media ignores news which seems to portray blacks as intelligent,,,but I don't think that should bother us too much ...
Can this guy help the EC of Ghana to develop an electoral (voters) database and facilitate easy transmission of data from the collation centres to the EC head office, please, please, please - just asking.
Hundreds of Ghanaians can help the ec transmit data.its not rocket science.
IT CAN BE DONE BUT AS LONG AS IT CANNOT BE MANIPULATED NDC GOVERNMENT WILL NOT LIKE IT.
IF WE PUT OUR MINDS TO IT, WE CAN DO IT. OUR "CAN DO ATTITUDE" IS THERE BUT WE ARE NOT USING IT AND THE CURRENT ECONOMIC ATMOSPHERE IS DETERRING US FROM USING OUR BRAINS INSTEAD OF CREATING IN US OPPORTUNITIES FOR INVENTIONS.
Congrats
Congratulations
Well Done Son, Ghana is proud of you. Please find a way to give back home, through individuals, gov, NGO's, I mean any way, b'cos mother Ghana really needs your kind.
Congratulations Sir on your achievements. You are worth celebrating and I am proud of you
YES WE ARE PROUD OF YOU. UNFORTUNATELY NO BACK GROUND INFORMATION IS GIVEN OF FROM WHERE IN GHANA LAWRENCE TRACES HIS ANCESTRY. CAN ANYONE FILL IN THE VACCUUM PLEASE?
ARE YOU HEADING IN THE DIRECTION OF TRIBALISM? THE GUY IS A GHANAIAN. ISN'T THAT ENOUGH?
Victor Lawrence is a true born Ghanaian. His father was the respected Inspector of Schools in the 40s and early 50s. Victor entered the then Government Boys Primary School, Adabraka (opposite Farisco)in 1950 and continued to ...
read full comment
True prominent Ghanaian, NOT the fakes elsewhere.
Victor you make we your classmates of the 1950s at Government Boys School Accra very proud of you. Yes you are indeed the true son of Education Officer Inspector Lawrence. I fondly remember our youthful days at your mum's res ...
read full comment
Congrats son. Keep up the good work to better the world
We congratulate you for lifting the flag of Ghana and Africa high
LUPUS CONGRATULATIONS. WELL DONE. WE ARE VERY PROUD OF YOU AND OTHERCOLLEAGUES WHO HAVE USED THEIR ACHIMOTA BACKGROUD TO BRING HONOUR, GLORY AND RECOGNITION TO GHANA, AFRICA AND THE WORLD AT LARGE
Very well done sir, congrats!!! Very refreshing news today in place of the doom and gloom news of Ghana politics
if this man was living in the US in the 1960s, educated in the Us and has his PhD in London and has always worked his entire life in the US and Uk. What makes us think, Ghana has anything to do with his achievement.I mean wha ...
read full comment
I agree with you. The only thing Ghanaian about this guy is that he was born in Ghana. If he had remained in Ghana after Achimota and attended Legon or KNUST, he will be now inducted into the hall of infamy of corrupt and u ...
read full comment
Congratulation Victor you have raised image of the country. Keep it up and May God Almighty bless you.
We have never doubted that we are as intelligent as the rest of the human race. We have proven it time and again. The problem is that if we bring these gems back to Ghana, they fail. The system suffocates them, and in no time ...
read full comment
Never expect the white-owned media to tell you about such feats. Blacks kids to know of such inspirational stories. We must not celebrate and promote only money-bags, rappers, and ballers. The "brains" too matter. Other races ...
read full comment
Congratulations!
Victor! Congratulation. I met you at Lucent Technologies in the late 1990s. You truelly deserve this award.
Why don't Ghana use blockchain technology? So simple and secured. Wall Street is late as usual and adopt the technology, why not Ghana EC?