IMF, WB no more dictating to us – Kwesi Botchwey

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OBURUMANKUMA 10 years ago

liman was doing a good job till you guys came in... do not blame the WB

liman was doing a good job till you guys came in... do not blame the WB
OLD SOLDIER 10 years ago

Author:Jato Julor (J.J.) Rawlings...
Hahaaaaa, Afari Djan on the ropes !

Dr. Afari Djan, the self-acclaimed god of elections, currently finds himself between a rock and a hard place.

The noose around his neck is gettin ...
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Author:Jato Julor (J.J.) Rawlings...
Hahaaaaa, Afari Djan on the ropes !

Dr. Afari Djan, the self-acclaimed god of elections, currently finds himself between a rock and a hard place.

The noose around his neck is getting tighter and tighter with ever lie that spews out of the mouth of the Tilapia fish-farmer.

The chief returning officer of elections in Ghana is today claiming never to have heard what 'pdf'(portable document format)means.

Lucky for Afari Djan, the NPP will teach him what pdf is all about today for free.

We shall make every NDC foolsoldier see the gargantuan stealing prowess of Afari Djan.
Paul Amuna 10 years ago

Kwesi Botchway played a crucial role in helping to gain international credibility and to argue Ghana's case at a time when the international community sought to punish and 'cripple' our country (just as they have done Zimbabw ...
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Kwesi Botchway played a crucial role in helping to gain international credibility and to argue Ghana's case at a time when the international community sought to punish and 'cripple' our country (just as they have done Zimbabwe) because of Rawlings' government.

I personally did not support the 31st December coup and still believe it was wrong, but Dr Botchway was a refreshing, confident and intellectual face of that government who did a lot to help during what was a trying decade.

Please learn to give credit where it is due and arm yourself with the facts if you want to be critical.
insight to the bone 10 years ago

it is nothing new that the great minds and leaders of the Akans are being continuously persecuted , killed or slandered by non Akans at the drop of a hat , now the time has come for freedom from these rivers of Babylon , the ...
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it is nothing new that the great minds and leaders of the Akans are being continuously persecuted , killed or slandered by non Akans at the drop of a hat , now the time has come for freedom from these rivers of Babylon , the lord shall set us free as he so delivered the children of isreal from Egypt so shall the time come to free us from these evil pepeni and ayigbe devils with their traitors amongst us. we are now ready to fight in any way or form as victory is ours . there will be no mercy for these collaborators and traitors as it is necessary to wipe out their mutant genes by taking out their parents brothers and cousins who have also been polluted by this ndc greed. forward ever backward never , long live the republic of Akan
kutunpofo 10 years ago

Paul Amuna, I dont agree with you about Kwesi Botchwey playing a crucial role for us to gain international recognition. What do you mean by international recognition? What did it give us?

If you mean taking an indefensible ...
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Paul Amuna, I dont agree with you about Kwesi Botchwey playing a crucial role for us to gain international recognition. What do you mean by international recognition? What did it give us?

If you mean taking an indefensible nose-dive into doom to become a de facto neo-colonialist nation, fine. But some of us are not happy to continue being slaves to other people.
Kwesi Botchway was one of the leading technocrats that advised and held sway over Rawlings who didnt seem to understand anything about what he was doing or wanted to do. He has no excuses to give to us today.

Within the context of a revolution in which govt is not hampered by any of those reactionary administrative technicalities which legal govts are bound by, Botchway could have engineered or steered us towards a more profitable economic path to growth. But being a member of the unliberated and obedient slave-mentality batch of old-school intellectuals, he chose to abide by the existing imperialist paradigm which further eroded and reverted us back and away from the magnificent achievements of Kwame Nkrumah to what our imperialist oppressors want us to be, hewers of wood and drawers of water for them.

Botchway, more than even the proud carriers of the imperialist banner in Ghana - the Busia-Danquah clique, adopted and fervently hung on to the unmistakably and now, evidently incompetent World Bank and IMF prescriptions without a whimper. Why is he turning his back on them today?

Botchway is a typical example of the failed post-independence African intellectual. They have not been able to convert and manage to put knowledge on the ground to make it work for our peculiar circumstances. They, in the lazy and non-dynamic character of those two global institutions, just simply borrow other peoples schemes and interface them on the incompatible circumstances of our very bad situation.

How the already inept Mahama govt can appoint Botchway as the Board Chairman of the National Gas Company, beats my imagination. His sell-by date is past. He had and he has nothing new to offer. And by the way, is the NDC govt short of competent technocrats?
Eric 10 years ago

You sold us already. They don't need to dictate in the same way as they used to. They do it differently. You, Joe Abbey, Amissah Arthur, Kufour sold us hands and feet already.

You sold us already. They don't need to dictate in the same way as they used to. They do it differently. You, Joe Abbey, Amissah Arthur, Kufour sold us hands and feet already.
Paul Amuna 10 years ago

Perhap you are not aware that under the PNDC, Ghana suffered trade embargoes, we were denied credits, grants, loans etc.

Around the same time, Ghana and the US were embroiled in a case of accusations of espionage.

At ...
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Perhap you are not aware that under the PNDC, Ghana suffered trade embargoes, we were denied credits, grants, loans etc.

Around the same time, Ghana and the US were embroiled in a case of accusations of espionage.

At some stage, a series of "Donors' Conferences" were organised and it was Dr Botchway's skills, eloquence and diplomacy that helped to argue our case with international institutions.

I am not holding brief for the PNDC which I never supported, I am merely pointing out that even in that bad regime the likes of Kwesi Botchway made a significant difference as far as our economic fortunes were concerned. You are free to disagree with my impressions of the man and his role.
kutunpofo 10 years ago

It is because I am free to disagree with you, that is precisely why I am taking the opportunity to disagree with you.

Now, much as I agree with you that there were difficulties during the Rawlings regime, those difficultie ...
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It is because I am free to disagree with you, that is precisely why I am taking the opportunity to disagree with you.

Now, much as I agree with you that there were difficulties during the Rawlings regime, those difficulties did not constitute sufficient cause for the near zero development performance during their almost 29 year rule. If I were you I would not mention those ......excuses at all.

All govts come up with such excuses and to tolerate them, is in itself a problem. When they want to attain power, they know the problems and they shout to the high heavens that they can better solve those problems. Invariably when they do attain power, they do not solve those problems. Most of the problems of a typical third world country like Ghana are so basic that any politician - at any level of governance who attains power and does not manage to do anything about it is a failed politician. There cannot be any ifs and buts about this.

Since Kwame Nkrumah, all the govts we have had in this country have failed to as much as offer a glimmer of hope to Ghanaians. Collectively, the amount of physical development they barely managed to establish on the ground was infinitesimal as compared to the gargantuan improvements in the material standard of their personal lives.

The poorly conditions of life for the overwhelming majority of Ghanaians is totally unacceptable. It is shameful, to say the least, for some us to call ourselves Ghanaians when 70% of our countrymen do not have some of the most basic necessities of life such as toilets and bathrooms where they live. I suspect a greater number can still not afford one decent meal in a day. I really wonder why many people in this country, still continue to vote.
Nick 10 years ago

African leaders only think about the aids they will get from the foreign governments and not about helping their own people. They behave like parents who do not want to work but expecting someone to fee them and their familie ...
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African leaders only think about the aids they will get from the foreign governments and not about helping their own people. They behave like parents who do not want to work but expecting someone to fee them and their families. I believe our independent is useless. Governments make budgets without provision for research and development. Our leaders are like dogs with mighty appetites, they only eat and sleep, and nothing gets done. Perhaps it is time for us to bring white man back to rule over us.
GODWIN, Westminster-London. 10 years ago

GHANA MOST WANTED CRIMINAL FINANCE MINISTER, shame onto you. thief, thief, thief,thief, after u and idiot so called murderer j.j. rawlings chopped ghanaians finished. mother fucking bastard u

GHANA MOST WANTED CRIMINAL FINANCE MINISTER, shame onto you. thief, thief, thief,thief, after u and idiot so called murderer j.j. rawlings chopped ghanaians finished. mother fucking bastard u
Kwabena, Toronto 10 years ago

My brother Nick: I was with you until your suggestion that "Perhaps it is time for us to bring white man back to rule over us". First, we Africans did not bring the colonists to Africa to rule over us. They themselves came to ...
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My brother Nick: I was with you until your suggestion that "Perhaps it is time for us to bring white man back to rule over us". First, we Africans did not bring the colonists to Africa to rule over us. They themselves came to us, first with the Bible and later took advantage of our hospitality. And the next thing we knew, they had brought their sophisticated weaponry, divided and eventually conquered us. Therefore, to suggest that we need to bring them back to rule over us is illogical. I however, share your sentiments that our political independence is worthless with our economic dependence on the very forces that lorded over us for centuries. The bottom line is that our so-called leaders need to realize that foreign aid creates and perpetuates dependency. From my standpoint, foreign aid is a hand down, and what we need is a hand up.
Ato John 10 years ago

Dr. Botchwey, please why are you saying this? If something is wrong and you that you know then please do us a favour and say it “Too many African countries simply don’t put themselves in the driver’s seat,” Are we in ...
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Dr. Botchwey, please why are you saying this? If something is wrong and you that you know then please do us a favour and say it “Too many African countries simply don’t put themselves in the driver’s seat,” Are we in the drivers seat, please tell us, if anybody should know you should.
Paa Joe (UK) 10 years ago

When Prof Mills was elected his 1st foreign trip was to UK to borrow money. Prof won the elections partly on the promises of abrogating the Vodafone contract. So UK was not pleased when Prof came for aid to support his budget ...
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When Prof Mills was elected his 1st foreign trip was to UK to borrow money. Prof won the elections partly on the promises of abrogating the Vodafone contract. So UK was not pleased when Prof came for aid to support his budget, and politely told Prof, not to waste his time. Meanwhile his entourage were blowing the little money we have on pampas & barbeque in London.
As long as we go begging and borrowing donors will ALWAYS DICTATE to us.
As we all know, the Vodafone abrogation was quietly forgotten in exchange for aid.
I am not picking on the dear Prof. All our previous Presidents have suffered the same humiliation but we never learn.
Have you heard the noise they are making of the Eurobond? This is a LOAN for crying out loud, but the think we must all sing the Halleluiah Chorus because it was over subscribed. What a pity!!!
nsem pii 10 years ago

and NPP and NDC insane commits the ghanaweb will be flooded sensitive issues only two people. Folks SUCKS.

and NPP and NDC insane commits the ghanaweb will be flooded sensitive issues only two people. Folks SUCKS.
SAM TEMA 10 years ago

MR BOTCHHWEG PLS IF GH TAKE A LOAN FROM IMF AND WB WHAT DO YOU DO WITH IT YOU SHARE IT AMONG YOUR MINISTERS TAKE EXSAMPLE ON KUMASI ACCRA ROAD HOW MUCH DID THEY GIVE US FOOL THE ROADS STILL THERE YOU ARE DRUNK AFRICA LEAD ...
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MR BOTCHHWEG PLS IF GH TAKE A LOAN FROM IMF AND WB WHAT DO YOU DO WITH IT YOU SHARE IT AMONG YOUR MINISTERS TAKE EXSAMPLE ON KUMASI ACCRA ROAD HOW MUCH DID THEY GIVE US FOOL THE ROADS STILL THERE YOU ARE DRUNK AFRICA LEADERS AND THEIR MINISTERS ARE BRAINLESS
WHY 10 years ago

BUT THE CHINESE NOW DICTATE TO US INTERESTING

BUT THE CHINESE NOW DICTATE TO US INTERESTING
Honestina 10 years ago

I hope not. Our forests and other natural resources are going to be ruined and shipped the good part to china. I feel sorry for our country and its people.

I hope not. Our forests and other natural resources are going to be ruined and shipped the good part to china. I feel sorry for our country and its people.
PASQUIN 10 years ago

DR KWESI BOTCHWAY SAID THE IMF AND WORLD BANK ! WHERE DO CHINESE COME IN ?

DR KWESI BOTCHWAY SAID THE IMF AND WORLD BANK ! WHERE DO CHINESE COME IN ?
kutunpofo 10 years ago

Ghanaians are only aping and taking after the western imperialist vilification of China. They listen to too much BBC and CNN.

Ironically, the minds of some of our brothers and sisters have been poisoned by the prejudices ...
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Ghanaians are only aping and taking after the western imperialist vilification of China. They listen to too much BBC and CNN.

Ironically, the minds of some of our brothers and sisters have been poisoned by the prejudices of their oppressors. They cant think for themselves. They can only think in ways that they are instructed to think.

The west is of course afraid that China will edge them out of the choice mineral resources of Africa and end their exploitative control of our long-suffering continent. This is what they have looted and thrived on for many centuries. Dont let any of us be fooled by the historical lie that it is the viability of capitalism that has enabled them to surge ahead of others.

That China will edge them out of Africa is not a debatable issue. It is an impending issue. The real fear is that Europe and America will in the very near future become hopelessly and totally dependent on China for their survival. Even the biggest players in corporate America, realizing the folly and the imminent breakdown of the capitalist system, are trooping in by the hundreds to relocate in china to the great and painful disadvantage of the American and European economy.

Already America is consistently begging China to readjust her currency and to curb her exports to America. What happened to free trade? Whats going on here? The American govt mobilizing massive and unprecedented amounts of state funds to a level that would put North Korea and Cuba to shame, to bail out private companies and banks? hey hold on, where are all the contrary beautiful Adam Smith, Breton Woods & Co. capitalist 'principles' of yesteryear?

I hesitate to think that America is on the path to adopting a communist style central govt controlled economy to manage whats left of it.
Honestina 10 years ago

Thanks Dr. Kwesi Botchwey,if I read the article correctly, that IMF should not dictate to us about what to do. I am wishing that Dr. Botchwey, will not accept the devaluation of our currency by IMF. Devaluations degrade our c ...
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Thanks Dr. Kwesi Botchwey,if I read the article correctly, that IMF should not dictate to us about what to do. I am wishing that Dr. Botchwey, will not accept the devaluation of our currency by IMF. Devaluations degrade our currency and is not helping our country. Thanks
Agyakwakuo Twumpuduo 10 years ago

As long as we have intellectuals who are as blind as the worm, we shall never make it as a nation in terms of development.
Look at the strides Ghana made under the Kufuor administration, Ghana was able to wean ourselves from ...
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As long as we have intellectuals who are as blind as the worm, we shall never make it as a nation in terms of development.
Look at the strides Ghana made under the Kufuor administration, Ghana was able to wean ourselves from the crutches of the IMF, we could borrow from the open market like the developed world.
Kwesi Botchway, as the Special Adviser on "Failed Economic Policy", what did you do? You and the backward NDC took us back to the IMF and now you open your mouth to talk all these nonsense.
As long as Ghanaians are emotional wrecks who will die for any stupid cause,you can say anything you like but for how long? Get life and leave us the discerning ones alone.
KOLOMASHIE 10 years ago

look at this man. nobody would dictate to you unless you want them to. so you and NDC should continue to mess the country up.it won't be long before they start dictating

look at this man. nobody would dictate to you unless you want them to. so you and NDC should continue to mess the country up.it won't be long before they start dictating
princewilly@ymail.com 10 years ago

he teacher told her class the word of the day was "dictate" and who could spell it.
Johnnie raises his hand and he says d-i-k-t-a-t-e-.
Teacher says sorry that's wrong and calls on Betty.
Betty says d-i-c-k-t-a-t-e.
Sorry ...
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he teacher told her class the word of the day was "dictate" and who could spell it.
Johnnie raises his hand and he says d-i-k-t-a-t-e-.
Teacher says sorry that's wrong and calls on Betty.
Betty says d-i-c-k-t-a-t-e.
Sorry says the teacher, that's not right.
She calls on Darla and Darla says d-i-c-t-a-t-e.
Very good Darla, says the teacher, that's correct.
Now, says the teacher, who can use this word in a sentence?
Johnnie raises his hand I know-I know, he says.
OK says the teacher, please use the word Johnnie.
Johnnie says: How did my dictate last night, Darla?

IMF-THE INTERNATIONAL MONETARY FUND HAS BECOME INTERNATIONAL MONEY FUCK ALWAYS SCREWING US.
IT HAS BECOME A PIMP THAT HAS NO MERCY.
ITS TIME FOR US TO BE INDEPENDENT FROM THE PIMP.
BRAVEBOY 10 years ago

Prince... they have always been a pimp with the help of our treacherous leaders. Sometimes I wish we have another form of governing ourselves without need for those blood suckers we have to accommodate.

Prince... they have always been a pimp with the help of our treacherous leaders. Sometimes I wish we have another form of governing ourselves without need for those blood suckers we have to accommodate.
Paa Joe (UK) 10 years ago

Our leaders have an inbuilt sense of inferiority complex. They feel inadequate unless & until there is a foreign (Oburoni) input or appraisal of our Government's performance.
We are our own worst enemy.

As for princewilly ...
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Our leaders have an inbuilt sense of inferiority complex. They feel inadequate unless & until there is a foreign (Oburoni) input or appraisal of our Government's performance.
We are our own worst enemy.

As for princewilly's jokes, they never fail to tickle me. Very subtle but effective.
BRAVEBOY 10 years ago

Prince is truly a wizard. He is skilled at painting facts in a picturesque fashion.

Inferiority! that is one way of looking at it. The other is that, they come in to power and realize they can not beat the international s ...
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Prince is truly a wizard. He is skilled at painting facts in a picturesque fashion.

Inferiority! that is one way of looking at it. The other is that, they come in to power and realize they can not beat the international system, so they cut the size and take their share and it is left to the very electorates to fight for their survival.
Paa Joe (UK) 10 years ago

You are right about the electorate always being the one left carrying the can. But in spite of this, why is it that the "electorate" never seem to learn or ask searching questions?
They are easily bought and sell their birth ...
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You are right about the electorate always being the one left carrying the can. But in spite of this, why is it that the "electorate" never seem to learn or ask searching questions?
They are easily bought and sell their birth rights for nothing more than £1 worth of Chinese made T-Shirt, or even the promise of taking over the local toilet.
Yes, they can not beat the international system. Those of us who live in it understand how the system is constructed to be unbeatable.
It always takes back everything,and sometimes more,than it gives you.
There is no such thing as FREE lunch.
BRAVEBOY 10 years ago

You are right.Till the people wake from their slumber.

You are right.Till the people wake from their slumber.
princewilly@ymail.com 10 years ago

MY PIMP STOCKS FELL ON WALL STREET BECAUSE THE TAKORADI GIRLS CANNOT COME INTO MY SPACE AND GOOGLE ON MY FACE BOOK,DO I HAVE TO GO TO THE IMF?

MY PIMP STOCKS FELL ON WALL STREET BECAUSE THE TAKORADI GIRLS CANNOT COME INTO MY SPACE AND GOOGLE ON MY FACE BOOK,DO I HAVE TO GO TO THE IMF?
BRAVEBOY 10 years ago

No! just wait small and the IMF will come to you. She is in love with you like bean and gari. It is an unbreakable marriage.

No! just wait small and the IMF will come to you. She is in love with you like bean and gari. It is an unbreakable marriage.
princewilly@ymail.com 10 years ago

Teacher: "The one sucking the cone."

Little Johnny: "No. The one with the wedding ring on, but I like the way you think."

Teacher: "The one sucking the cone."

Little Johnny: "No. The one with the wedding ring on, but I like the way you think."
Johnnywas 10 years ago

why doesn't he explain what being in the 'driver seat' means? Mugabe decides he wants to redistribute land, what have they been doing to him? And with all his knowledge, what has Dr. Botchway himself been doing to put us the ...
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why doesn't he explain what being in the 'driver seat' means? Mugabe decides he wants to redistribute land, what have they been doing to him? And with all his knowledge, what has Dr. Botchway himself been doing to put us the driver seat? Being chairman of Ghana's petroleum means a lot of money going to this pocket.
DONBOLI 10 years ago

Some of these people speaks a lot of shit. Is he telling when he was in office with Rawlings for 15 year, the IMF and WB didnt conditions on Loans?
Shameless man who was power drank and didnt see what IMF MD were do to Afri ...
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Some of these people speaks a lot of shit. Is he telling when he was in office with Rawlings for 15 year, the IMF and WB didnt conditions on Loans?
Shameless man who was power drank and didnt see what IMF MD were do to Africans.
If cant do anything about it you shup up.
John Musah 10 years ago

So Kwesi Botchwey has now seen the light. This same man criticized those who cautioned him against his dalliance with Breton Woods institutions, these institutions damaged the Ghanaian economy irreparably. Kwesi B. dined and ...
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So Kwesi Botchwey has now seen the light. This same man criticized those who cautioned him against his dalliance with Breton Woods institutions, these institutions damaged the Ghanaian economy irreparably. Kwesi B. dined and wined with them, perhaps, event took inducements. Now like Saul, he has seem salvation on the road to Damascus. He must apologise to Ghanaians.
NON-ALIGNED 10 years ago

I will admit that the following article below was posted recently by a brilliant person whom I could not capture name or source..............
BUT, it is a must read for all Ghanaians to see the hypocrisy of this Kwesi Botchw ...
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I will admit that the following article below was posted recently by a brilliant person whom I could not capture name or source..............
BUT, it is a must read for all Ghanaians to see the hypocrisy of this Kwesi Botchway stooge.

Before you go on to read the article below...

KWESI BOTCHWEY'S QUOTE:
In his view: “…What we must remember about the Bretton Woods institutions is at least over the past decade or so, there has been recognition that policies that are imposed on countries just don’t work because typically, they are not sustained, so we moved out of that paradigm into one that recognises the primacy of national ownership”.

QUESTION: Did Ghana ever undergo any Structural Adjustment Programme (SAP) or Highly Indebted Poor Country (HIPC)in the last decade? Kwesi? Please answer me!....And what ownership is he refering to? I rest my case. Please read on.............

PART ONE
How the IMF manipulates Ghana's/africa's economies...........

The reason Vice Pres. Paa Kwesi Amissah-Arthur has been chosen over the heads of seasoned NDC ministers, is to perpetuate the IMF/World Bank SAP programme that has forced successive governments to sell off all our key commodity exports and industries (gold, diamond, cocoa, oil; Ghana Telecom, Ghana Airways, GIHOC, etc).

He is the technocrat politician who must complete Ghana’s economic recolonisation that started with Dr. Kwesi Botchwey, Dr. Joe Abbey – doctors of economic treason in cahoots with Asante Gold’s Kwesi Jonah.

This post questions Ghana's/Africa's collective silence - how this silence contributes to our nation being conned and hypnotised by the IMF/World Bank's (IMF/WB) Structural Adjustment Programme (SAP) ‘globalism’, with the help of the above individuals.

Thinking through a way out of Ghana’s current economic strangulation by the IMF/World Bank SAP, one discovers that the key reason to why our most brilliant economists have failed to find solutions to our development and modernity is because it has been impossible for them to figure out how to sustainably fund a Development and Modernity Programme (DMP). They have been permanently frustrated by the reality of the economic theoretical and practical models they have rigidly imbibed from the west.

First, Rawlings prematurely invited the IMF in December 1982 amidst feverish negotiations to produce a consensus on Ghana's economic future. This was against the grain of a valid alternative self-reliant proposal by progressive individuals and groups in and out of the PNDC. Why? Among other reasons in his ‘revolutionary' rhetoric, he had rashly offered himself to be shot if he was unable to reverse the economic downturn in Ghana. Self-preservedly, the IMF/SAP was his silver bullet to escaping a humiliating firing squad. History will record, that Junior Jesus (JJ) had a deeper sense of his self-preservation than the more enduring call of possible national political martyrdom.

We all know now that by 2010 Rawlings had reinventing himself as one of the 10 richest people in Ghana. His many national utterances, therefore, reflect his self-conscious need to policing the political scene to protect his self-interest.

But it is not Rawlings alone who has been having Ghana on. In similar retrogressively manner, like a cobra will be hypnotised by its master's oscillating flute music, successive NDC, NPP and NDC governments have pursued the path of IMF/SAP. This has resulted in the treasonable wholesaling of our key export commodities and industries.

The reason our main political parties continue to pursue this bankrupt approach to economics, is because: 1) they accept the nonsensical argument of ‘globalisation’. This argues a world where the 'market' is an unproblematic terrain for competitive international commerce by nations. 2) The acceptance of IMF/SAP means less work for the leadership. They do not have to define, launch, implement and monitor the success of a Development and Modernising Programme (DMP). This outstanding act of leadership will require athleticism, intelligence, hardwork, courage, professional competence and even precocity against expected western counter measures. It is too risky – so they compromise obsequiously with western capital - take the money and run!

The above scenario, of course, flies in the face of the realities. Industrialising countries could hardly be expected to compete fairly against advanced countries in the aggressive international markets. This is why our gold mines were floated on the Johannesburg, South African Stock Exchange (STE), by Betty Mould-Iddrisu (behind the back of parliament) and not the Ghana Stock Exchange, Accra (GSE).

This, why the NPP sold minimal shares in Ghana’s oil to NPP party backers before selling the rest to western Transnational oil Corporations (TNCs). This is why Ghana paradoxically buys oil on the world market at hiked prices while our own cheaper oil is shipped quietly off to the west unchallenged. This is why the NPP’s Kufuor hurriedly sold Ghana Telecom just before he left office, for peanuts to Vodaphone Co, UK. This is why dangerous GMO companies, Du Pont Chemical Inc and Pioneer High-Seeds Co. now jointly run food policy in Kwesi Ahwoi’s Ministry of Agriculture (they have already marketed carcinogenic GMO beans, maize etc.). This is why r3ecently western speculators rushed to buy out the NDC's Government Treasury Bonds. This is why western Trans-National Corporations (TNCs) control trading at the GSE!

This is why I have contextually stated that our leaders are a bunch of court jesters!! (Perhaps the undiscerning general Ghanaian electorate, who allow our leaders to get away with their treasonable actions, ought to be included in this criticism). Why are we all silent about this blatant mismanagement of our national economy? Like sheep, we allow our leaders to implement the debilitating IMF/World Bank SAP programme of under-development along western lines.
(PART TWO TO FOLLOW - THIS IS NOT MY ARTICLE.....MAY THE AUTHOR PLEASE COME FORWARD),

GOD BLESS GHANA!
AFRICAN FOREVER!
BRAVEBOY 10 years ago

How dare him talk nonsense. They don't do it directly anymore. They have found disciples in the form of our policy makers and legislative bodies and some among the Ghanaian community who will wash their dirty linens anywhere ...
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How dare him talk nonsense. They don't do it directly anymore. They have found disciples in the form of our policy makers and legislative bodies and some among the Ghanaian community who will wash their dirty linens anywhere for peanuts.

They only have to sit back whiles their programmed dollies do their bidding.

Why is this man still in such a sensitive capacity. Oh! I forget, his pay masters put him there.
Steel-Pulse (Primus-Interparis) 10 years ago

Brut, thief and greedy bastard!!! the architect of PAMSCAD (programme of action to mitigate the social cost of ajustment). Fool, by this action you reduced the able bodied Ghanaman to a piece of bread through redundancy and s ...
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Brut, thief and greedy bastard!!! the architect of PAMSCAD (programme of action to mitigate the social cost of ajustment). Fool, by this action you reduced the able bodied Ghanaman to a piece of bread through redundancy and sold all the factories and state owned institutions that Nkrumah built to your silly cronies including the Ahwois (Cashpro). You quizote if you are living in the fools paradise, let me remind you that our budget is over 40% foreign assisted through the western countries who own these Brentwood institutions. Continue your stealing as usual!!!
Steel-Pulse (Primus-Interparis) 10 years ago

Correction; 'adjustment'

Correction; 'adjustment'
ZoRRo 10 years ago

Our destiny is in the hands of our LEADERS who for the past several years have mostly been: visionless, greedy bastards or idiots.

Our destiny is in the hands of our LEADERS who for the past several years have mostly been: visionless, greedy bastards or idiots.
GODWIN, Westminster-London. 10 years ago

GO AWAY, YOUR DAYS ARE NUMBERED AND VIEWS ALSO WORTHLESS. MOTHER-FUCKER THIEF, BASTARD. GOD PUNISH U, OLD P/NDC THIEF

GO AWAY, YOUR DAYS ARE NUMBERED AND VIEWS ALSO WORTHLESS. MOTHER-FUCKER THIEF, BASTARD. GOD PUNISH U, OLD P/NDC THIEF
GODWIN, Westminster-London. 10 years ago

ghanaians money in EXILED in france. mother-fucker bastard

ghanaians money in EXILED in france. mother-fucker bastard
GREAT NANA ANTWI 10 years ago

ARE YOU IN NEED OF A FAST POWERFULL SPIRITUALIST?THEN GO TO www.greatnanapowerfullspiritualist.blogspot.com

ARE YOU IN NEED OF A FAST POWERFULL SPIRITUALIST?THEN GO TO www.greatnanapowerfullspiritualist.blogspot.com
BRAVEBOY 10 years ago

Will someone ask Kwesi the Mamobi boy if he has finished shagging the Canadian mistress. Nonsense.

Will someone ask Kwesi the Mamobi boy if he has finished shagging the Canadian mistress. Nonsense.
KK 10 years ago

talk some issues and sense - no need for useless talk.

talk some issues and sense - no need for useless talk.
BRAVEBOY 10 years ago

Waaa Look... did you go above to write my other comments before making this stupid comment.

Waaa Look... did you go above to write my other comments before making this stupid comment.
Teisi 10 years ago

Get real education

Get real education
BRAVEBOY 10 years ago

Do you know the consequences of our leaders sleeping with some of these foreign agents? Nonsense. Believe me, I am well educated done you.

Do you know the consequences of our leaders sleeping with some of these foreign agents? Nonsense. Believe me, I am well educated done you.
PROFESSOR THOMAS KUBI- McA 10 years ago

FIFTY YEARS EMANICIPATION

-------------------------------
FIFTY YEARS FREEDOM
================================
IMF & WORLD BANK WERE FOUNDED
RESPECTIVELY BY BUSINESS MEN IN US NOT GOVERNMENTS
===== ...
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FIFTY YEARS EMANICIPATION

-------------------------------
FIFTY YEARS FREEDOM
================================
IMF & WORLD BANK WERE FOUNDED
RESPECTIVELY BY BUSINESS MEN IN US NOT GOVERNMENTS
=====================================
BRITISH NHS WAS FOUNDED BY A WORKING CLASS MALE IN WALES
=================================
AFRIKA CLUB 54=BANK WITH COMMODITIES
PROFESSOR THOMAS KUBI (FOUNDER )
AFRIKA KNOWLEDGE BANK
WWW.CUSTOMERMETRO.COM
A SQUARRE 10 years ago

Insults does not makes you a nan or a woman, People who want to grow try to avoid insults and impersonations. My brothers and sisters what you will be in future starts today.

Insults does not makes you a nan or a woman, People who want to grow try to avoid insults and impersonations. My brothers and sisters what you will be in future starts today.
K.K 10 years ago

I REMEMBER THOSE DAYS WHEN THIS GUY COMES ON TV (GTV) EVERY JANUARY TO STATE PRICES OF PETROL AND OTHER MARKET GOODS. BOTCHWEY AND PNDC GURUS MESSED UP THIS COUNTRY BIG TIME; HENCE CALLING HIM NOT FINANACE BUT PETROL PRICE MI ...
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I REMEMBER THOSE DAYS WHEN THIS GUY COMES ON TV (GTV) EVERY JANUARY TO STATE PRICES OF PETROL AND OTHER MARKET GOODS. BOTCHWEY AND PNDC GURUS MESSED UP THIS COUNTRY BIG TIME; HENCE CALLING HIM NOT FINANACE BUT PETROL PRICE MINISTER.
KK 10 years ago

Ghana during your days had more challenges economic problem than now and you were one had working minister. It was interesting working with you and watching you read those difficult belt tightening budget and the Rawlings cha ...
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Ghana during your days had more challenges economic problem than now and you were one had working minister. It was interesting working with you and watching you read those difficult belt tightening budget and the Rawlings chains, petrol queues and more. You weathered more challenging times and maybe you will not survived situations in today's democracy in Ghana. Maybe consider the idea of writing a book about your days as Minister? - it will be an interesting piece for Ghana and Africa.
KK 10 years ago

The Briton Woods institution have no choice as most African countries go to China for loans with no stupid conditions like Briton Wood institutions. think about it, without the Chinese loans, Briton Wood institutions would st ...
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The Briton Woods institution have no choice as most African countries go to China for loans with no stupid conditions like Briton Wood institutions. think about it, without the Chinese loans, Briton Wood institutions would still have continued as they like milking Africa to survive and turn around to call Africa inefficient, corrupt and mismanaged economies. They never accepted blame for the harm their inefficient consultants who are paid fat salaries from the loans and how loans must be spend in their economies in the west. They were like blood suckers living on the blood of Africans.
EDEM 10 years ago

So who asked the gov't to put a freeze on public sector employment when Mills assumed office in 2009? Black mamba wants to do propaganda too?

So who asked the gov't to put a freeze on public sector employment when Mills assumed office in 2009? Black mamba wants to do propaganda too?
OPEN MINDED SAINT 10 years ago

THIS MAN IS RIGHT BUT HE KNOWS THE PRBLEM AND THE CONDITIONS VERY WELL. EVERY LOAN CO ES WITH CONDITIONS AND IF YOU ARE HONEST AND USE THE LOAN EXACTLY WHAT IS MEANT FOR THEN IS NOT A PROBLEM. YOU CRONIES GREEDY BASTARD SHARE ...
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THIS MAN IS RIGHT BUT HE KNOWS THE PRBLEM AND THE CONDITIONS VERY WELL. EVERY LOAN CO ES WITH CONDITIONS AND IF YOU ARE HONEST AND USE THE LOAN EXACTLY WHAT IS MEANT FOR THEN IS NOT A PROBLEM. YOU CRONIES GREEDY BASTARD SHARE LOAN AND DO NOT USE IT FOR ITS PURPOSE AND NOW YOU HAVE GOT THE GUT TO COME AND TELL US THIS. STUPID IDIOT
WWW.GHANANEWS.TK 10 years ago

Ghana’s longest-serving finance Minister? - WWW.GHANANEWS.TK

Ghana’s longest-serving finance Minister? - WWW.GHANANEWS.TK
Paul Amuna 10 years ago

Dr Botchway is right, but why that shift in approach by IMF and the World Bank? Quite apart from the fact that their approaches over the decades have failed and their prescriptions have been unsustainable, they also realise t ...
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Dr Botchway is right, but why that shift in approach by IMF and the World Bank? Quite apart from the fact that their approaches over the decades have failed and their prescriptions have been unsustainable, they also realise that the Chinese who now hold the 'global financial balance of power' and who have focused in the last 2 decades on Africa, are prepared to grant loans without some of those ridiculous strings attached.

If the IMF and World Bank continued down their 'traditional path' they would probably not get anyone - from Africa to Asia to Latin America to borrow from them eventually.

And whilst we are at it, has anyone noticed the mess in which the IMF is in their inconsistency in dealing with the gross European debts that have resulted in 'failed states' such as Greece, Portugal and now Spain struggling to cope? Can anyone compare the national debts of any of those countries with a combination of African countries put together?

If Africa had the can of investments that are being used to "bail out" countries such as Greece, Portugal and Spain, they will be building sky scrapers and eight lane highways. The irony of it is that African countries still have the natural resources to be able to pay back such loans eventually following the right investment.

Dr Botchway is right, we need to demonstrate that we are in the "driver's seat" but to do that we need to have the right human capacity, and people of integrity and accountability. That is part of our problem as nations in Africa.

But no one should be deceived that somehow the Bretton Woods institutions have now realised that their approach is not working and are now prepared to listen. They are doing it only half-heartedly because they know China is around the corner and ready to take advantage.

I have my own concerns and worries about China's domineering role and increasing power and influence in Africa but that is a subject for another day.
NON-ALIGNED 10 years ago

Paul, please read the earlier article posted.......yes! that was not written
by me, but it does make a lot of sense so there was no need to write
anymore But the PART TWO seems to be blocked by Ghanaweb. However. if I
may. ...
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Paul, please read the earlier article posted.......yes! that was not written
by me, but it does make a lot of sense so there was no need to write
anymore But the PART TWO seems to be blocked by Ghanaweb. However. if I
may.....................

How on earth can Kwesi Bitchwey be right?.......The Chinese, as much I don't agree with certain aspects of their approach - they have done more in a decade than what your colonialists did for Ghana, in our lives time, let alone Africa. All train tracks were created to leave your rich natural resources straight to the harbours and out of our nation. If not looted, they are paid for with 'peanuts'..................

The Chinese NEVER enslaved us or colonized our minds to have such an impact resulting to such a mind-set you and Kwesi have. That is, to come on this forum to continually deceive our citizens to believe we are to be dependent on your slave masters for our own human existence.............

Here you are, writing about skyscrapers????? Oh! dear!

Please emancipate your mind, to understand the real agenda of the IMFs/World Banks and their African collaborators. The IMF and co are failing in Europe because they are so much focussed on milking Africa poor!!! That's why!

GOD BLESS GHANA!
AFRICAN FOREVER!
osei yao 10 years ago

Kwasi Botchwey is the main agent who made IMF/WB acceptable to Africans. He and Rawlings sold out Ghana.

Kwasi Botchwey is the main agent who made IMF/WB acceptable to Africans. He and Rawlings sold out Ghana.
NSEM WO WORLD. 10 years ago

IF LOANS AND GRANTS WOULD BE USED TO FILL POTHOLES AND MANHOLES INSTEAD OF CONSTRUCTING FIRST CLASS ROADS THEN THEY WOULD HAVE TO DICTATE TO YOU BECAUSE YOU CAN NOT IMPOSE HARDSHIP ON YOUR PEOPLE.

IF LOANS AND GRANTS WOULD BE USED TO FILL POTHOLES AND MANHOLES INSTEAD OF CONSTRUCTING FIRST CLASS ROADS THEN THEY WOULD HAVE TO DICTATE TO YOU BECAUSE YOU CAN NOT IMPOSE HARDSHIP ON YOUR PEOPLE.
ghanaba 10 years ago

really? how are you going to finance your gaz? ananse stories, when you sell cheap, no matter the quality, people buy. the same people come back to tell us ananse stories. ndc-npp dictatorship still the same. these insts are ...
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really? how are you going to finance your gaz? ananse stories, when you sell cheap, no matter the quality, people buy. the same people come back to tell us ananse stories. ndc-npp dictatorship still the same. these insts are not stupid as monkey ghs to give you loans eyes closed. you need them not the other way round. i was in switzerland when ghana spent a lot of money to ask for a swiss loan. limann was in his fashioned three pieces, and not in our mission car but a rented limousine. the then swiss president, was at the appointment on a bike. elegant atenga's nephew is on a spending splee in geneva.our permanent missions must acquire permanent premises, otherwise remove the vocabulary permanent. you kotow always before them individually even worse off as a group. stop your paa paa lies and give us a break. dua da nsuomu daa daa does not become a cameleon, but rather rots. if monkey ghs might know what do with all these rots. why dont you replace them and hire their expertise when necessary. i dont think any monkey gh has ever studied economics and finance like kwesi botchey and even when he dies we have to sustain him clinically or clone him. this is one major characteristics of dictatorship..... no innovation, no motivation. internal breeding which i know always lead to paralysis because, no knew oxygen supply, which is against simple natural mechanism. they refuse to think and always smell the old stuff. remove terkper, or what ever it is and put kwesi botchwey. i cry when i hear of experience in ministry be it spiritual or physical. the ministry experience of mandela....30 years imprisonment and president...... desmond tutu........ apartheid fighter, anglican priest so must defend homosexuality into priesthood......... kofi annan.......
never finished his schooling in switzerland like most of us........ failed minister of tourism...... american boy boy....... un secretary general.......... has empty experience to sell to monkey gh business. some examples from the bible..... hidden and coward gideon, stalwart, overnight. lamenting jeremiah, unconcious for several days for seeing every other thing upside down must be our minister for seeing things upside down because of his fantastic experience. my only point is that every ministry is divine, and God makes them available from his own agenda. ask rawlings, ask deg, ask mahama, ask nana, if they were to restart, do they have the same energy?

IMF, WB no more dictating to us – Kwesi Botchwey

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