Ghana's economy loses its shine

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Jake 9 years ago

you are still in that demented mind of yours think the NPP narrowly lost. When are you guys gong to move on?

you are still in that demented mind of yours think the NPP narrowly lost. When are you guys gong to move on?
The Mask 9 years ago

The Bank of Ghana (BOG) has no Eastern Regional headoffice. I don´t believe that the BOG has accurate data of the economic activity in the at least 12 Akyem districts which make up more than half the population on the region ...
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The Bank of Ghana (BOG) has no Eastern Regional headoffice. I don´t believe that the BOG has accurate data of the economic activity in the at least 12 Akyem districts which make up more than half the population on the region. The GDP and GNI of these Akyem districts are very high. They stem from:

Gold mining
Diamond mining
Cocoa
Oil Palm (the largest in West Africa)
Timber
Software development
etc

The money supply and capital in the at least 12 Akyem districts are wholly inadequate. BOG must remove impediments to the setting up of rural banks in these districts and encourage ADB and GCB to open branches in these districts.

The government must further ensure that wholly owned Ghanaian banks, including rural banks, get at least 80% of the banking revenue.
Max 9 years ago

I don't blame the gov't, i blame those who voted for them. what a country

I don't blame the gov't, i blame those who voted for them. what a country
bashings 9 years ago

who will the people vote for? animals?

who will the people vote for? animals?
Kwaku A. Danso 9 years ago

Mr. Bashings,
Thanks for my first laugh of the day!
You are right to ask: "Who will they vote for? Animals?"
Both major parties are corrupt and their leaders have no honest vision and no goodwill to manage the resourc ...
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Mr. Bashings,
Thanks for my first laugh of the day!
You are right to ask: "Who will they vote for? Animals?"
Both major parties are corrupt and their leaders have no honest vision and no goodwill to manage the resources of the nation and help develop Ghana - JUST SHEER TALK!!
They all talk the same game and make promises!
That is why some have described us as "useless and hopeless" and even poor Chinese think they can just come to Ghana and Africa and dig our gold and do as they please by simply bribing our Ministers and Immigration officials and corrupt local Chiefs.
Ghana will be under the rule of the Chinese in 50 years as the $25 billion loans will have been stolen and no infrastructures such as roads and highways or water systems developed for the loans!

!
persona 9 years ago

You are obviously a man of books, why don't you put your talent to use and help your beautiful country. It is easy to talk but the work is getting people with vision to help the country grow

You are obviously a man of books, why don't you put your talent to use and help your beautiful country. It is easy to talk but the work is getting people with vision to help the country grow
Otsibu darko 9 years ago

YES, remember Kwesi Botchway, this guy was finance/economic minister sometime ago- a lecturer then- he is worth milllions these days and wants to lead the nation. Where did he gets those millions? Surely he put his talent to ...
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YES, remember Kwesi Botchway, this guy was finance/economic minister sometime ago- a lecturer then- he is worth milllions these days and wants to lead the nation. Where did he gets those millions? Surely he put his talent to use to help Ghana progress- yes 'men of books indeed!
SGT ANANI FIADZAOE 9 years ago

NDC corruption association never voted
for power but robbed the conscience of
the majority people of this nation, yes some NDC crooks because of their thievery, deceit, corruption and their
selfish interest voted for this ...
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NDC corruption association never voted
for power but robbed the conscience of
the majority people of this nation, yes some NDC crooks because of their thievery, deceit, corruption and their
selfish interest voted for this clueless and hopeless Mahama and his
so-called politicians which shouldn't
have happened, no human being with his
or her right frame of mind will vote or support any NDC political party, following the history of NDC in our country. NO!!
Yaw(VA) 9 years ago

When the time comes for these NDC nincompoops to go to the IMF for bailout, i wish they are denied. I'll research on how i can write a rebuttal to the IMF and outline the reasons why a bailout to Ghana is unwarranted. If the ...
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When the time comes for these NDC nincompoops to go to the IMF for bailout, i wish they are denied. I'll research on how i can write a rebuttal to the IMF and outline the reasons why a bailout to Ghana is unwarranted. If the Govt recoup all the fraudulent judgment debts that it has paid to shoddy characters and companies, that will be more than enough to bail the country out. Until then, no bailout is necessary.
Joe Turkey 9 years ago

When a president - unconstitutionally - gets into negotiating hi sibling's private debts and getting part or all of it written off, what do you expect.

When a president - unconstitutionally - gets into negotiating hi sibling's private debts and getting part or all of it written off, what do you expect.
Flo 9 years ago

This article was copied from reuters.com - no wonder Ghana has lost its shine

This article was copied from reuters.com - no wonder Ghana has lost its shine
Akua Mansa 9 years ago

Ghana is no POOR

We are POORLY governed

Get these Incompetent, Greedy Bastards out of the Office.

Ghana is no POOR

We are POORLY governed

Get these Incompetent, Greedy Bastards out of the Office.
AHMED YACOB 9 years ago

1. a currency that has fallen 28% this year, the steepest decline in Africa.

2. The next election is not until 2016 but politicians say austerity is unpopular with voters, especially given expectations of a bonanza when ...
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1. a currency that has fallen 28% this year, the steepest decline in Africa.

2. The next election is not until 2016 but politicians say austerity is unpopular with voters, especially given expectations of a bonanza when oil came on-stream in 2010.

Ironically, each election year also tends to see a weakening of the fiscal position, as it does in many countries, so the window for restoring fiscal balance is closing fast ahead of 2016.
MANTSE 9 years ago

A lot of people may not recognize the SOLUTION when it is staring them in the face but it is a very simple one.

What it takes is the MORAL COURAGE of Government to END the UNDECLARED but OBVIOUS SIDE-LINING of some of its ...
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A lot of people may not recognize the SOLUTION when it is staring them in the face but it is a very simple one.

What it takes is the MORAL COURAGE of Government to END the UNDECLARED but OBVIOUS SIDE-LINING of some of its own NDC subscribers who have been TRIED,TESTED and PROVEN and performed to the admiration of ALL Ghanaians, except, of course, the few who would not forgive anyone who dared to stand between them and Govt Money and rather took to peddling FALSEHOODS to discredit these individuals who served their country well.

We keep hearing the name of Spio, and there are many others, whose inclusion, Some think, will do more good than harm. BUT WHO CARES?

Please, for the sake of Saving the Ghanaian Economy from further Sinking and restore the Competence as a Party capable of Managing the Affairs of the Nation, the NDC leadership must go to the archives of its former Governments to bring back to life the proven GAME CHANGERS.

We have PLEASED the 'PROXY HOLDERS' enough.

Is It Not About Time to Do Things to Please the Whole Country?
BALLOT PAPER 9 years ago

Incompetence, indiscipline, corruption, mismanagement, looting and thievery of the Mahama led NDC gov't has collapsed the country. Ghana is now feeling the real crunch of that e de bee k3k3 looting spree of gargantuan proport ...
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Incompetence, indiscipline, corruption, mismanagement, looting and thievery of the Mahama led NDC gov't has collapsed the country. Ghana is now feeling the real crunch of that e de bee k3k3 looting spree of gargantuan proportions. When they bring the goodies, chop it and send them packing. If they don't bring it too, send them packing, because the Mahama led NDC gov't has demonstrated that, they lack the ability to perform and are absolutely and painfully clueless about effective leadership, management and governance, but highly adept at thievery and looting. That does not build a nation, rather it collapses a nation, and the results and evidence are there for all to see, fiili, fiili.
KWAA 9 years ago

Our main problem is corruption.When a sitting Government will use any means fair or foul to maintain power.
Mahama and his party spent over 3 billion Dollars just to win the 2012 General Elections,throwing all discipline in ...
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Our main problem is corruption.When a sitting Government will use any means fair or foul to maintain power.
Mahama and his party spent over 3 billion Dollars just to win the 2012 General Elections,throwing all discipline in the Economy overboard.I think they forgot that after wining the elections,you still have to manage the Econmy.But i don`t think NDC as a party is interested in the wellbeing of the citizen hence the corruption which is still going on today.
Untill all political parties will put the interest of the nation first,as why they want power,instead of putting their personal,tribal and party interest above the nation,we shall always move one step forward and five steps backwards.
With all it shortcomings,the Kuffour Government layed a very good foundation for Ghana,all the NDC had to do was to follow that proggramme,but,they chosed to put their party and personal interest before the nation.Now we are all feeling the results.
Ghana is experiencing one of the worst times in any cilivian Government since independence.And there seems to be no relieve in sight.
EC 9 years ago

Have you seen the Senchi road that was recently opened for motorists? Just 4 months of it's use, and the 5.9km road has started to disintegrate. How much was spent on that road? How much would be spent on fixing it? What woul ...
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Have you seen the Senchi road that was recently opened for motorists? Just 4 months of it's use, and the 5.9km road has started to disintegrate. How much was spent on that road? How much would be spent on fixing it? What would be the ROI on such a project and the cost to the taxpayer? Does the road in any way, shape or form depict that, it was constructed to standards that would make it last for at the minimum of 10years?
The NDC gov't is a drain and a huge waste of our resources and it is imperative that they are voted out.
Kwaku A. Danso 9 years ago

How can a nation relying on raw materials only and importing more than 90% of all it consumes including some foods and drugs thump its chest about rapid economic growth?
It was indeed very naive for Ghanaian Economists to ...
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How can a nation relying on raw materials only and importing more than 90% of all it consumes including some foods and drugs thump its chest about rapid economic growth?
It was indeed very naive for Ghanaian Economists to deceive the nation and the Presidents to think that oil discovery that estimated would add $1.2 Billion was enough.
With
1. road construction abandoned,
2. loans for water and electricity squandered and diverted,
3. transportation of goods to the ports slowed down,
4. poor planing of energy leading to electricity interruptions of 20-40 or more hours per week,
who do these people think they can fool about Economic growth data?
It was all fake and in their imagination! A ploy to go and borrow or get more grants from the Western nations which eventually would also be diverted into private pockets!
Shame!!
AKONFEM MAHAMA 9 years ago

NKWASEASEM KWA

NKWASEASEM KWA
Jomo 9 years ago

Look at these over educated clueless jokers in the photo.
Ah ah ah!

Look at these over educated clueless jokers in the photo.
Ah ah ah!
Okyereben 9 years ago

What can you say about a bunch of PhD
Economists at the Bank of Ghana who are either still reading from their text books or "Afraid" to tell the Stupid NDC politicians the truth ?

The current crop of politicians reminds m ...
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What can you say about a bunch of PhD
Economists at the Bank of Ghana who are either still reading from their text books or "Afraid" to tell the Stupid NDC politicians the truth ?

The current crop of politicians reminds me of credit card junkies who borrow to consume only to find out their interest rate is higher when they can least afford to pay.
Time for Ghana to drink the bitter beers of IMF and World Bank if they want the economy to be salvaged.
It is sad that the BoG has to reverse the Forex policy they instituted earlier this year. Well the confidence has already been destroyed so why reverse it ? And the VAT on financial transactions? Dumb! Dumb!!
Why don't you levy a surtax on bank profits? You might achieve they same end? Now you are going to encourage more cash transactions and collect less taxes? When will these learned Economist realize that Ghana's Economy is dis-similar from those of the institutions they got their PhDs from ? My grand father used to say: son when you see common sense being handed out got get some because it is not common. We have destroyed our economy because we thought we were too smart !!

I can bet the Chinese, and the G-8 countries will only throw crumps at Ghana at a high political costs. As they say, there is no such thing as free lunch on this planet earth!!
I hope Fifi Qwetey the political hack at the Presidency is sleeping well these days.

Ghana's economy loses its shine

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