Finance minister blames cedi depreciation on payment to contractors and others

Read Article

Comments (50)

This article is closed for comments.

Read Comments Comments (50)

YSL 1 year ago

Comedians and clowns, he's blaming the cedi depreciation on the payment of contractors whilst his deputy too is blaming it on people who decides to travel and go for holidays in the Maldives and other places with their person ...
read full comment

Comedians and clowns, he's blaming the cedi depreciation on the payment of contractors whilst his deputy too is blaming it on people who decides to travel and go for holidays in the Maldives and other places with their personal hard earned monies, this Npp guys are so surprisingly stupid and annoying, blaming everybody and everything for their ineptitude but themselves.
Unpredictable Oye Onye Kwasi Atta 1 year ago

Are the fundamentals weak or strong? The dwarfs from Kyebi Galamsey headquarters Forest want to know what is the opinion of Aplanke Bawumia

Are the fundamentals weak or strong? The dwarfs from Kyebi Galamsey headquarters Forest want to know what is the opinion of Aplanke Bawumia
Bobby Stones 1 year ago

What he's saying simply means BOG had probably printed more money to finance government projects.

What he's saying simply means BOG had probably printed more money to finance government projects.
ALETSE GBONTON 1 year ago

WE BLAME BAWULIAR THE ECONOMIST TURNED COMEDIAN (JOKER)

WE BLAME BAWULIAR THE ECONOMIST TURNED COMEDIAN (JOKER)
FRANKIE 1 year ago

These clownish idiots keep looking idiotic by the day with their utterances. Are they saying that development must therefore come to a halt for the cedi to appreciate? If this is the reason they're giving us for the rapid dec ...
read full comment

These clownish idiots keep looking idiotic by the day with their utterances. Are they saying that development must therefore come to a halt for the cedi to appreciate? If this is the reason they're giving us for the rapid decline of the cedi then what are they going to say when we start paying our foreign debts?
Larbi 1 year ago

Is it the first time contractors are being paid in Ghana? Nonsense

Is it the first time contractors are being paid in Ghana? Nonsense
Things Fall Apart 1 year ago

There's a serious demand on the cedi as thieving Ministers and NPP officials are buying and hoarding them. We're done as a nation

There's a serious demand on the cedi as thieving Ministers and NPP officials are buying and hoarding them. We're done as a nation
Kb 1 year ago

Is ghana the only country that pays contractors this is ridiculous the truth is one Ghana has borrowed more money than some countries total gdp and instead of investing politicians mostly spent it lavishly hiding it under the ...
read full comment

Is ghana the only country that pays contractors this is ridiculous the truth is one Ghana has borrowed more money than some countries total gdp and instead of investing politicians mostly spent it lavishly hiding it under their beds and bathing in the sky now when asked to pay we are unable to pay that’s the truth behind the cedis depreciation why black people don’t like the truth like that
Kwame 1 year ago

@Kb say it and say it again,is Ghana the only country that pays contractors and have we not paid contractors in the past.Very SAD, it appears all people appointed into state offices under the NPP are bereft of intelligence an ...
read full comment

@Kb say it and say it again,is Ghana the only country that pays contractors and have we not paid contractors in the past.Very SAD, it appears all people appointed into state offices under the NPP are bereft of intelligence and common sense.
Yaw 1 year ago

Assistant comedian

Assistant comedian
Help 1 year ago

This group of people running the country are clueless about their jobs, except how to enrich themselves.

This group of people running the country are clueless about their jobs, except how to enrich themselves.
Oil producer and not own/operate an oil/petrol refinery 1 year ago

Shieeeh!!!? But your deputy finance minister said cedi depreciation was caused by Maldives travels by Ghanaians, now you say payment to contractors. Everybody that works must be paid. Otherwise why does government demand PAYE ...
read full comment

Shieeeh!!!? But your deputy finance minister said cedi depreciation was caused by Maldives travels by Ghanaians, now you say payment to contractors. Everybody that works must be paid. Otherwise why does government demand PAYE. You wasted sometime and monies on visitation across the. Country when you became finance minister. This could have paid one contractor. Our country is weak. Too much imports, weak exports, weak manufacturing, high electricity and fuel and water bills, high taxes, low productivity. We are an agro based economy whether we like it or not. Square pegs old and tired ministers always in the agric ministry. Small Netherlands size country exported upwards €50 billion last year, mighty China close to $90billion, small country Peru did $10billion, big Ghana dipping and dipping, why. See what is happening to our cocoa, galamsey and other troubles.bringing it down.
Ojah 1 year ago

AS FOR THESE NP-PIGS, EVERYBODY DEY TALK BASA. IT IS NO LONGER THE WEAK FUNDAMENTALS! VERY SOON, THE WEAKNESS OF THE CEDI WILL BE BLAMED ON THE NURSES TRAINING 'ALLAWA'.

AS FOR THESE NP-PIGS, EVERYBODY DEY TALK BASA. IT IS NO LONGER THE WEAK FUNDAMENTALS! VERY SOON, THE WEAKNESS OF THE CEDI WILL BE BLAMED ON THE NURSES TRAINING 'ALLAWA'.
Sasabonsam 1 year ago

Blaming payments to contractors for the depreciation of the Ghana credit is a warped reasoning of incompetent and ignorant buffoon who was appointed by thief Akuffo Addo. Any responsible government has the obligation of payin ...
read full comment

Blaming payments to contractors for the depreciation of the Ghana credit is a warped reasoning of incompetent and ignorant buffoon who was appointed by thief Akuffo Addo. Any responsible government has the obligation of paying for the good and services which it contracts. It’s only in Akuffo Addo’s government that a finance minister will suggest that in order to ‘arrest ‘ the runaway, currency, the government is justified in not paying contractors. Vagabonds in power (VIPs)
Nii Adjei 1 year ago

When will this clueless administration take responsibility for their recklessness, for once? From Covid to Russia-Ukraine war and everything in-between. Now it's the fault of contractors whom you have entered into agreement w ...
read full comment

When will this clueless administration take responsibility for their recklessness, for once? From Covid to Russia-Ukraine war and everything in-between. Now it's the fault of contractors whom you have entered into agreement with on your own volition?
Okukuseku wofa 1 year ago

Even me as idiot as I am and without formal education can manage the Ghanaian economy better than Bawumia who is the head of economic management team and the entire economic team. Npp is just good in fabricating stories and p ...
read full comment

Even me as idiot as I am and without formal education can manage the Ghanaian economy better than Bawumia who is the head of economic management team and the entire economic team. Npp is just good in fabricating stories and painting lies to sound good in the ear of the people.
TECH GH 1 year ago

We Build Best Quality Websites in 7 Days...We also offer Advance Social Media and Digital Marketing services...Our Other services include; Mobile Apps, Software, business plans, proposal, logos, flyers etc...WhatsApp or Call; ...
read full comment

We Build Best Quality Websites in 7 Days...We also offer Advance Social Media and Digital Marketing services...Our Other services include; Mobile Apps, Software, business plans, proposal, logos, flyers etc...WhatsApp or Call; 0244289681
Skippy 1 year ago

And you don't even pay your external debts either...shame on you.nsna peoples party
Kufors npp wasnt like this ...

And you don't even pay your external debts either...shame on you.nsna peoples party
Kufors npp wasnt like this ...
Maha 1 year ago

We are waiting npp will blame the Dollar to Iran president death

We are waiting npp will blame the Dollar to Iran president death
Ohenenana Gyataba 1 year ago

Hahahaha listen this bankye abaa economist and diewhoouuu finance minister. This finance minister will be worse than Bawumia and his boss Ofori Atta.

The Cedis is running like a fugitive and you in front a camera talking n ...
read full comment

Hahahaha listen this bankye abaa economist and diewhoouuu finance minister. This finance minister will be worse than Bawumia and his boss Ofori Atta.

The Cedis is running like a fugitive and you in front a camera talking nonsense that due to this and fucking shit.
Instead of finding a solution to the problems yhe finance minister has started blaming other factors.
How could Ghanaian continue to entrust this clueless npp governmrnt
Blocker 1 year ago

We have the men....not knowing the men are postal boys....empty dickheads in leadership....every day new stories if not Russian and Ukraine, American or China, Covid 19....then is Ghanaians like holidays in Dubia,now is the C ...
read full comment

We have the men....not knowing the men are postal boys....empty dickheads in leadership....every day new stories if not Russian and Ukraine, American or China, Covid 19....then is Ghanaians like holidays in Dubia,now is the Contractors....what a solid economic team.
CAR TRACKING INSTALLATION 1 year ago

We help secure your perimeter with modern ELECTRIC FENCE SYSTEMS that supports alarm system and backup battery system. We sell and install ELECTRIC FENCE SYSTEMS & CCTV CAMERAS. Call us today. 0501796870 for more info. dewe34

We help secure your perimeter with modern ELECTRIC FENCE SYSTEMS that supports alarm system and backup battery system. We sell and install ELECTRIC FENCE SYSTEMS & CCTV CAMERAS. Call us today. 0501796870 for more info. dewe34
AB 1 year ago

I hope he reportage is correct. Too many factual inaccuracies.

I hope he reportage is correct. Too many factual inaccuracies.
NY 1 year ago

Empty headedness is on a high display in the finance ministry. Contractors payments of overdue bills and more cedis in the hands (of who)?

Wowww, these are our economic handlers! How did we get here?

Empty headedness is on a high display in the finance ministry. Contractors payments of overdue bills and more cedis in the hands (of who)?

Wowww, these are our economic handlers! How did we get here?
Nanawee Addo 1 year ago

Npps are animals, it is as simple as that. Foolish nincompoop daft idiot foolish agyimifour nkwasiafour nkurasefour thieves awudifour zombies are NPPS. No wonder Kennedy Agyapong and Aplus said all NPPS are stupid imbecile ni ...
read full comment

Npps are animals, it is as simple as that. Foolish nincompoop daft idiot foolish agyimifour nkwasiafour nkurasefour thieves awudifour zombies are NPPS. No wonder Kennedy Agyapong and Aplus said all NPPS are stupid imbecile nincompoop daft idiot foolish agyimifour nkwasiafour nkurasefour thieves awudifour zombies. Mmoah NPPS who can't think like human beings.
OSAFO KANTANKA 1 year ago

The explanations from this Minister is just Laughable. Why do you have to owe Contractors ? Is this government doing things without planning ahead? What kind of government business is this? Absolutely No planning,No Bud ...
read full comment

The explanations from this Minister is just Laughable. Why do you have to owe Contractors ? Is this government doing things without planning ahead? What kind of government business is this? Absolutely No planning,No Budgeting etc.. Unbelievably and incredible way of running a country.
Donatus 1 year ago

The president, vice, ministers and all you up there are keeping the money in your homes.

The president, vice, ministers and all you up there are keeping the money in your homes.
ghanaba 1 year ago

Master just put the job down and qalk away quietly , stop blaming contractors they dont have the cedis at home like you and your cronies.

Master just put the job down and qalk away quietly , stop blaming contractors they dont have the cedis at home like you and your cronies.
Thief of Staff - Akosua Frema 1 year ago

This ugly, clueless, ignorant, arrogant and primitive fool doesn't know what he is explaining. Kwasiaa buuluubuuluuu!!!

This ugly, clueless, ignorant, arrogant and primitive fool doesn't know what he is explaining. Kwasiaa buuluubuuluuu!!!
Willie 1 year ago

These people make PHD looks like a cheap commodity sold at Ashiaman market. When you owe people some monies and pay it will definitely affect your pocket didn't you know that before owing them. That's why you make adequate pr ...
read full comment

These people make PHD looks like a cheap commodity sold at Ashiaman market. When you owe people some monies and pay it will definitely affect your pocket didn't you know that before owing them. That's why you make adequate provision before paying. We know next time you doing blame the depreciation of the cedi to people not going for medical care at Kole-bu.
Kwabs, London 1 year ago

I transferred money to Ghana yesterday and it was 18.20 cedis to a pound. The cedi has no legs to stand on.I t is now a 'basura' (Spanish word for rubbish)currency.Soon Ghanaians will need a wheelbarrow of cedis to buy a loaf ...
read full comment

I transferred money to Ghana yesterday and it was 18.20 cedis to a pound. The cedi has no legs to stand on.I t is now a 'basura' (Spanish word for rubbish)currency.Soon Ghanaians will need a wheelbarrow of cedis to buy a loaf of bread, or a ball of Kenley.I pity Ghanaians!!
Ghanaboy, Dunkirk. Scotland 1 year ago

Such foolish talk. Is he saying contractors should not be paid for work done for govvernment?

Such foolish talk. Is he saying contractors should not be paid for work done for govvernment?
Abrefa 1 year ago

What kind of nonsense is the minister spewing? You guys would blame anything and anyone for the economic mess, except your incompetent management of the economy.

What kind of nonsense is the minister spewing? You guys would blame anything and anyone for the economic mess, except your incompetent management of the economy.
Governor 1 year ago

Take your Trumu analysis away and tell gyimie gyimie Bawuliar to fix it fast. Nkwasiafo nkoaaaa govt

Take your Trumu analysis away and tell gyimie gyimie Bawuliar to fix it fast. Nkwasiafo nkoaaaa govt
Kwaku 1 year ago

Another joker on our hands. So Mahama didn't pay contractors etc? He conveniently didn't mentioned that the illigal printing of money by the Central Bank for the NPP government without Parliamentary approval is the cause of o ...
read full comment

Another joker on our hands. So Mahama didn't pay contractors etc? He conveniently didn't mentioned that the illigal printing of money by the Central Bank for the NPP government without Parliamentary approval is the cause of our runaway inflation!
Kofi Virginia 1 year ago

Maybe don’t pay the contractors. Let the government ministers dig the roads and fill the potholes.

Maybe don’t pay the contractors. Let the government ministers dig the roads and fill the potholes.
Truth 1 year ago

Mbelesem!

Mbelesem!
Odeneho Kofi Adu 1 year ago

Importation of refined oil, bitumen, aviation oil and kerosine has negative impact on our economy and these idiots won't address this sad situation by ensuring that Tema Oil Refinery is revived.

Importation of refined oil, bitumen, aviation oil and kerosine has negative impact on our economy and these idiots won't address this sad situation by ensuring that Tema Oil Refinery is revived.
Renaming 1 year ago

That tells you the caliber of person we have a finance Minister. They have the men indeed. Pin heards galore

That tells you the caliber of person we have a finance Minister. They have the men indeed. Pin heards galore
Owan Yaw aka Teteman Ubi 1 year ago

The true story behind the speculative and artificial depreciation are not being told. The one big reason behind the flagging cedi is politicians converting their stolen monies into $, €, and £ because they are afraid to ke ...
read full comment

The true story behind the speculative and artificial depreciation are not being told. The one big reason behind the flagging cedi is politicians converting their stolen monies into $, €, and £ because they are afraid to keep the monies in cedi bank accounts. Also the foreign nationals doing business in Ghana including Lebanese, Chinese, South Africans, Turkish and Arabs changing cedis on a daily basis. Someone should check flights such as Turkish, Ethiopian, Kenyan, Emirates and they’d see how much hard currencies are transported out of Ghana on a daily basis. These guys are afraid to use Delta, United, British and KLM for fear of seizure of their undeclared currency. It’s as simple as that.
When the fundamentals are weak 1 year ago

Where is bahumia?

Where is bahumia?
The Truth 1 year ago

Hahahahahah, this guy's performance may be worse than Ken. Ofori Atta if he stays in office beyond one year.
What I hate in my life is blame game which he is exactly doing. Fix the economy and cedi depreciation and stop the ...
read full comment

Hahahahahah, this guy's performance may be worse than Ken. Ofori Atta if he stays in office beyond one year.
What I hate in my life is blame game which he is exactly doing. Fix the economy and cedi depreciation and stop the comedy.
King Deed 1 year ago

Priorities!!! You got money to pay all student allowances because Bawumia intervened on political grounds....where was the money? Was it an error or oversight that for 30mnths and over students countrywide will not be paid th ...
read full comment

Priorities!!! You got money to pay all student allowances because Bawumia intervened on political grounds....where was the money? Was it an error or oversight that for 30mnths and over students countrywide will not be paid their allowances which are onerous obligations of the state and then a political messiah will one day mount a platform, plant a student to ask about it, and then promise to deal with it and within a week, they're all paid, but no one was held responsible for the non-payment????
HIGRIDIPIGRIDI 1 year ago

Where are big big loans your government collected to for developmental programs?

Where are big big loans your government collected to for developmental programs?
Fame 1 year ago

Stop the deceit. If Cecilia Dapaah alone could keep USD7ml in her room, why won't be shortage? How much are the big fishes of the NPP keeping under their beds?

Stop the deceit. If Cecilia Dapaah alone could keep USD7ml in her room, why won't be shortage? How much are the big fishes of the NPP keeping under their beds?
Nati 1 year ago

Doctor Zero

Doctor Zero
Landlord OA 1 year ago

This man is a disgrace, gyimimi

This man is a disgrace, gyimimi
Fuego 1 year ago

If it was about identifying blames there wouldn’t be the need for a ministry of finance.You’re in office to fix things.

If it was about identifying blames there wouldn’t be the need for a ministry of finance.You’re in office to fix things.
Ex-Pope 1 year ago

INCOMPETENT APLANKE BAWUMIA CAN'T ARREST THE CEDI.

Pathetic liar. The cedi continues to depreciate because of your Julor House NPP galamsey government's corruption, incompetence, lack of vision and mismanagement. And there ...
read full comment

INCOMPETENT APLANKE BAWUMIA CAN'T ARREST THE CEDI.

Pathetic liar. The cedi continues to depreciate because of your Julor House NPP galamsey government's corruption, incompetence, lack of vision and mismanagement. And there seems to be sign of an end to this downward slide any time soon, for your clueless and incompetent 3-legged race Aplanke Bawumia has been on a wild goose chase after the cedi and still can't arrest the cedi. Instead of you spewing lies about why the cedi keeps depreciating, you should rather be telling your NPP fake guru economist Aplanke Bawumia to take a break from spreading lies and resume his attempt to arrest the cedi.
SON OF GOD 1 year ago

Why should the paying of your delayed debt bring problems to the citizens of Ghana? All past governments have always paid debts without complaining..
This is no excuse for incompetence

Why should the paying of your delayed debt bring problems to the citizens of Ghana? All past governments have always paid debts without complaining..
This is no excuse for incompetence

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

News

Finance minister blames cedi depreciation on payment to contractors and others

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (50)

Read Comments Comments (50)