IMF bailout: Ghana not in crisis – Kwakye-Ofosu

Read Article

Comments (39)

This article is closed for comments.

Read Comments Comments (39)

Osei Kofi 9 years ago

Obviously this idiot knows nothing about economics 101. No wonder Ghana's economic situation is shambles.

Obviously this idiot knows nothing about economics 101. No wonder Ghana's economic situation is shambles.
BBC NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 9 years ago

THIS SALL BOY HAS BEEN DECIEVING MAHAMA TILL NOW! HE IS CONFUSING MAHAMA AND BEFORE HE OPEN HIS EYES EVERYTHING IS "KAPUT" THEREFORE IMF MUST COME IN! OFOSU KWAKYE YOU HAVE BIG MOUTH OF LIES SO WHEN YOU TALK PEOPLE LAUGH

THIS SALL BOY HAS BEEN DECIEVING MAHAMA TILL NOW! HE IS CONFUSING MAHAMA AND BEFORE HE OPEN HIS EYES EVERYTHING IS "KAPUT" THEREFORE IMF MUST COME IN! OFOSU KWAKYE YOU HAVE BIG MOUTH OF LIES SO WHEN YOU TALK PEOPLE LAUGH
Agbovi 9 years ago

I dont understand why People dont get what Ofosu Kwakye is saying.He is saying ," you have not seen anything yet" .Ghanaans should wait ,very soon you will see the real Picture of our woes.Better Ghana still goes on.If they a ...
read full comment

I dont understand why People dont get what Ofosu Kwakye is saying.He is saying ," you have not seen anything yet" .Ghanaans should wait ,very soon you will see the real Picture of our woes.Better Ghana still goes on.If they are able to move Ghana's debt from 8.1 to 53.8BILLION Dollars within 5 yrs with nothing to Show,there you will understand Ofosu Kwakye Ghanaians should be prepared by fasting thier belts. God saves Ghana from these armed robbes.
MAHAMA IS CLULESS AND CORRUPT 9 years ago

Is this small boy still telling lies? Does he know that bail out is a condition prior for seeking bail out/ Bail out in simple terms means a coutry is unable to run its economy anf needs IMF to direct and remotely direct how ...
read full comment

Is this small boy still telling lies? Does he know that bail out is a condition prior for seeking bail out/ Bail out in simple terms means a coutry is unable to run its economy anf needs IMF to direct and remotely direct how the economy is run. OFOSU KWAKYE IS A GRADE C SCHOOL BOY.
Mahmoud 9 years ago

Rawlings took advantage of Dr. Liman's going to the IMF to overthrow his government, according to Zayzbo in his book. The Leftist P|NDC and all the communists in Ghana are hypocrites.

Rawlings took advantage of Dr. Liman's going to the IMF to overthrow his government, according to Zayzbo in his book. The Leftist P|NDC and all the communists in Ghana are hypocrites.
SAMO JEWELLERY 9 years ago

let samo Jewellery design n customise yr dream wedding n engagement yellow n white gold rings for u......call or whatsapp us on 0244717600 to send u latest pictures to choose from.....can also follow us on Facebook/samojewell ...
read full comment

let samo Jewellery design n customise yr dream wedding n engagement yellow n white gold rings for u......call or whatsapp us on 0244717600 to send u latest pictures to choose from.....can also follow us on Facebook/samojewellery for more pictures.....stay at the comfort of yr office or room n choose yr ring n take yr own ring size.....n we do the rest......
GHANABA 1 9 years ago

Foolish boy who talk from his Anus.This particular Dep.minister has no idea what he says and when to speak.
No wonder our dear Nation is in Crisis

Foolish boy who talk from his Anus.This particular Dep.minister has no idea what he says and when to speak.
No wonder our dear Nation is in Crisis
Gowu 9 years ago

why did President Mahama put this small guy in office? For Gods sake ,if technocrats and economists are trying to find solution to our ailing economy,this little boy needs to shut his mouth.

why did President Mahama put this small guy in office? For Gods sake ,if technocrats and economists are trying to find solution to our ailing economy,this little boy needs to shut his mouth.
Yeboa 9 years ago

Where did he go school?mahama,be ashame of Ur choices.

Where did he go school?mahama,be ashame of Ur choices.
Nana Yaa New York city 9 years ago

Sometimes you get access to Radio and Tv and you think you are addressing babies who were delivered a while ago.
The main problem the Goverment has is credibility and its because you are driving important issues with propaga ...
read full comment

Sometimes you get access to Radio and Tv and you think you are addressing babies who were delivered a while ago.
The main problem the Goverment has is credibility and its because you are driving important issues with propaganda!
Admission of a problem means 90% solution if you say you are not in crisis whose business is it?
Lies lies blatant lies are being told every where .....
Di Nokware & Di Asempa 9 years ago

Folks,
Does this Felix Kwakye-Ofosu have any academic competence or expertise to speak to this subject at all? Sorry to say, this guy and his likes (e.g., Okudjeto Ablakwa, etc) just DO NOT MAKE MUCH SENSE on many of the gov ...
read full comment

Folks,
Does this Felix Kwakye-Ofosu have any academic competence or expertise to speak to this subject at all? Sorry to say, this guy and his likes (e.g., Okudjeto Ablakwa, etc) just DO NOT MAKE MUCH SENSE on many of the government issues and policies they try to explain and/or defend.

Is the government so bankrupt in human resources/expertise such that many of the "Team B" folks cannot even be replaced - NOT RESHUFFLED. They have to be replaced totally.
AUNTY ROSE 9 years ago

Kwakye Ofosu, and so this is your house ? Where did you get money from at this shortest time ? Have you worked before ? So how were you able to put up this mansion ? Kwakye Ofose have you prepared yourself for jail in a littl ...
read full comment

Kwakye Ofosu, and so this is your house ? Where did you get money from at this shortest time ? Have you worked before ? So how were you able to put up this mansion ? Kwakye Ofose have you prepared yourself for jail in a little while ? You will answer for every question about you.We are angry and will never leave any stone unturned, do you understand NO POSITION IS PERMANENT ? You wait for your days are numbered ndc.You will account for even a farthing.If JJ Rawlings the lion king of ndc had his time exhausted so will it be for you.
Kofi 9 years ago

You're right. We all know Ghana is flourishing and there is no crisis. Everything is going on well. Indeed, going to the IMF is part of the government's development strategy. A nation built on lies shall not stand.

You're right. We all know Ghana is flourishing and there is no crisis. Everything is going on well. Indeed, going to the IMF is part of the government's development strategy. A nation built on lies shall not stand.
SSS 9 years ago

WHAT A CRAP

WHAT A CRAP
HE DOES NOT EVEN KNOW CRISIS 9 years ago

OFOSU KWAKYE COUNTRY CALLED IN IMF WHEN THEY IN CRISIS STUPID FOOL

OFOSU KWAKYE COUNTRY CALLED IN IMF WHEN THEY IN CRISIS STUPID FOOL
Yaro de Mann 9 years ago

Listen to that baby minister,he is just saying something to defend his paymaster. "Kakra a obedie nti". Mahama, so u don´t have competent men to work with eeiii.

Listen to that baby minister,he is just saying something to defend his paymaster. "Kakra a obedie nti". Mahama, so u don´t have competent men to work with eeiii.
Cofie 9 years ago

The stealing of money from projects is catching up, fools. When budgeted programs are planned and the Deputy Minister asks for his 'cut' how does one expect the country to succeed? My cut or my share before I can release the ...
read full comment

The stealing of money from projects is catching up, fools. When budgeted programs are planned and the Deputy Minister asks for his 'cut' how does one expect the country to succeed? My cut or my share before I can release the funds, how does anything succeed? If you serve your country well with honesty, your country will serve you well. We are not developing, we are going back. 26 million people today and still supporting this increase with old infrastructure from Kwame Nkrumah's era. What a shame? Elected politicians in other countries are trying for their beloved countries and Ghana continues with corruption. Over 52 years and still corrupted.
Antiochus - London 9 years ago

Stupid fool! Always defending the indefensible.

Stupid fool! Always defending the indefensible.
Nicholas Osei Kyeretwie-Chicago 9 years ago

Mahama should have appointed Kofi Totobi Kwakye instead of this boy who has NOTHING to offer but just talks NONSENSE.If Ghana in not in crisis then where are we.The Nation is facing this crisis because such fools find themsel ...
read full comment

Mahama should have appointed Kofi Totobi Kwakye instead of this boy who has NOTHING to offer but just talks NONSENSE.If Ghana in not in crisis then where are we.The Nation is facing this crisis because such fools find themselves in high office and talks rubbish.
chief vandal 9 years ago

Fool

Fool
Military Man 9 years ago

Where does Mahama get these clueless spin doctors? JSS?

Good Lord... WE ARE REALLY IN TROUBLE!!!

Where does Mahama get these clueless spin doctors? JSS?

Good Lord... WE ARE REALLY IN TROUBLE!!!
SYDNEY 9 years ago

NO WONDER THIS STUPID SMALL BOY IS SPEAKING LIKE THIS BECAUSE HE HAS PUT ON WEIGHT AND IS LOOKING VERY FRESH AS OPPOSED TO WHEN HE FIRST CAME ON THE SCENE LOOKING MALNOURISHED....HE IS NOT FEELING WHAT WE ARE FEELING....KWASI ...
read full comment

NO WONDER THIS STUPID SMALL BOY IS SPEAKING LIKE THIS BECAUSE HE HAS PUT ON WEIGHT AND IS LOOKING VERY FRESH AS OPPOSED TO WHEN HE FIRST CAME ON THE SCENE LOOKING MALNOURISHED....HE IS NOT FEELING WHAT WE ARE FEELING....KWASIAAAAAAAAAAA
Skizzy 9 years ago

Ofui, tickle yourself n laugh judgement day is coming kwasia!

Ofui, tickle yourself n laugh judgement day is coming kwasia!
Yaro 9 years ago

It is absolutely insane to think our economy is not in crisis. If we're not in crisis mode then what are you doing at the corridors of IMF? I thought the Senchi had all the solutions. Kwakye-Ofosu, the best thing you can do t ...
read full comment

It is absolutely insane to think our economy is not in crisis. If we're not in crisis mode then what are you doing at the corridors of IMF? I thought the Senchi had all the solutions. Kwakye-Ofosu, the best thing you can do to alleviate the anger built up in Ghanaians is to tell them the truth,
Yaw, Wale 9 years ago

What is wrong with this govt? Why are they always lying?
You are near bankruptcy and doesnt have enough money to pay your mounting interests, expenditures and to pay your workers and contractors, your currency is plummetling ...
read full comment

What is wrong with this govt? Why are they always lying?
You are near bankruptcy and doesnt have enough money to pay your mounting interests, expenditures and to pay your workers and contractors, your currency is plummetling you seek a bailout from IMF and you shout at the roof-top that all is okay with the economy, are you mad or stupid ? Even a fool will know that there s something wrong with the economy.
Those who voted for these stupid idiot must be ashamed of themselves. All that they have done is to run our once vibrant economy down. These useless babies still sucking their mother s breasts have got nothing in-between their ears except lies,lies more lies and propaganda.Pathetic idiots.
NBTT 9 years ago

A COMBINATION OF THREATS AND INTIMIDATION WAS USED TO FORCE GHANA TO ACCEPT AN IMF LOAN IN ORDER TO ALLOW THE USA TO USE THESE LOANS AS LEVERAGE TO FORCE US TO DO WHAT THEY WANT.External enemies coupled by an incompetent and ...
read full comment

A COMBINATION OF THREATS AND INTIMIDATION WAS USED TO FORCE GHANA TO ACCEPT AN IMF LOAN IN ORDER TO ALLOW THE USA TO USE THESE LOANS AS LEVERAGE TO FORCE US TO DO WHAT THEY WANT.External enemies coupled by an incompetent and corrupt Ghanaian government has made Ghana extremely vulnerable to foreign exploitation. When a country's government is riddled with corruption it is easy for foreign powers to support and encourage opposition against that government. Threats of exposure of corruption by individual government officials (foreign bank accounts etc) threats of sanctions and freezing of assets of individuals is usually enough to intimidate recalcitrant politicians and government officials into submission. Hence we see the Ghana government do a complete u-turn in its position regarding taking deadly IMF loans. THE SALUTARY LESSON HERE IS THIS: ANY GOVERNMENT RIDDLED WITH CORRUPTION IS VERY VULNERABLE TO COERCION AND MANIPULATION BY MALEVOLENT FOREIGN POWERS.CONVERSELY ONLY A GOVERNMENT MADE UP OF DEDICATED AND SCRUPULOUSLY HONEST INDIVIDUALS WITH A REAL LOVE FOR GHANA CAN WITHSTAND THESE DESTRUCTIVE MANIPULATIVE INTERVENTIONS FROM ABROAD

For those foolish enough to buy the IMF "stabilization" nonsense,including the "learned" Kwame Pianim I would recommend that they read the book by Perkins:

Confessions of an Economic Hit Man is a book written by John Perkins and published in 2004. It provides Perkins' account of his career with consulting firm Chas. T. Main in Boston. Before employment with the firm, he interviewed for a job with the National Security Agency (NSA). Perkins claims that this interview effectively constituted an independent screening which led to his subsequent hiring by Einar Greve,[1] a member of the firm (and alleged NSA liaison) to become a self-described "economic hit man".

According to Perkins, he began writing Confessions of an Economic Hit Man in the 1980s, but "threats or bribes always convinced [him] to stop."

According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:
“

Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
”
The epilogue to the 2006 edition provides a rebuttal to the current move by the G8 nations to forgive Third World debt. Perkins charges that the proposed conditions for this debt forgiveness require countries to privatise their health, education, electric, water and other public services. Those countries would also have to discontinue subsidies and trade restrictions that support local business, but accept the continued subsidization of certain G8 businesses by the US and other G8 countries, and the erection of trade barriers on imports that threaten G8 industries.

In the book, Perkins repeatedly denies the existence of a "conspiracy." Instead, Perkins carefully discusses the role of corporatocracy.[2] – November 4, 2004 interview
“

I was initially recruited while I was in business school back in the late sixties by the National Security Agency, the nation’s largest and least understood spy organization; but ultimately I worked for private corporations. The first real economic hit man was back in the early 1950s, Kermit Roosevelt, Jr., the grandson of Teddy, who overthrew the government of Iran, a democratically elected government, Mossadegh’s government who was Time‘s magazine person of the year; and he was so successful at doing this without any bloodshed—well, there was a little bloodshed, but no military intervention, just spending millions of dollars and replaced Mossadegh with the Shah of Iran. At that point, we understood that this idea of economic hit man was an extremely good one. We didn’t have to worry about the threat of war with Russia when we did it this way. The problem with that was that Roosevelt was a C.I.A. agent. He was a government employee. Had he been caught, we would have been in a lot of trouble. It would have been very embarrassing. So, at that point, the decision was made to use organizations like the C.I.A. and the N.S.A. to recruit potential economic hit men like me and then send us to work for private consulting companies, engineering firms, construction companies, so that if we were caught, there would be no connection with the government

THE TRAITORS IN OUR MIDST WHO ARE HAPPY TO SELL GHANA IN EXCHANGE FOR VARIOUS FAVOURS AND MONETARY GAIN OFFERED BY THOSE WHO WISH TO ENSLAVE US THIS TIME NOT PHYSICALLY BUT RATHER BY MEANS OF CRIPPLING DEBT I SAY TO THEM EXAMINE YOUR CONSCIENCES
Alhaji Brutus Germany 9 years ago

I FEEL LIKE VOMITING ANY TIME I SEE GUYS ;OFOSU KWAKYE; ANITA DESOOSO AND OKUJETO ABLAKWA TALKING RUBBISH

I FEEL LIKE VOMITING ANY TIME I SEE GUYS ;OFOSU KWAKYE; ANITA DESOOSO AND OKUJETO ABLAKWA TALKING RUBBISH
PHILIP DUSTIN 9 years ago

THIS ARROGANT SPOILT BRAT CALLED KWEKYE -OFOSU CANT KEEP HIS BIG MOUTH SHUT,HE THINKS HE IS SMART,HE GOES AROUND TRYING TO MAKE THE LIES HE TELLS FIT INTO THE TRUTH EVEN THOUGH ITS ALWAYS GLARING THAT HE IS LYING,IF YOU PEOPL ...
read full comment

THIS ARROGANT SPOILT BRAT CALLED KWEKYE -OFOSU CANT KEEP HIS BIG MOUTH SHUT,HE THINKS HE IS SMART,HE GOES AROUND TRYING TO MAKE THE LIES HE TELLS FIT INTO THE TRUTH EVEN THOUGH ITS ALWAYS GLARING THAT HE IS LYING,IF YOU PEOPLE THINK YOU ARE GOING TO BE IN POWER FOR EVER,ITS A LIE,ONE DAY VERY SOON,2016 THE NPP WILL COME TO POWER,WE SHALL DEAL WITH YOU NDC PEOPLE ONE AFTER THE OTHER.ITS JUST A MATTER OF TIME,I HATE YOU NDC PEOPLE
Aborvi 9 years ago

This small boy Ofosu-Kwakye takes us for what? does he think he can deceive all Ghanaians? Why bailout if the economy is not in crisis? Ghana weaned herself from IMF in 2005 and why are we going there again? Indeed a dog can ...
read full comment

This small boy Ofosu-Kwakye takes us for what? does he think he can deceive all Ghanaians? Why bailout if the economy is not in crisis? Ghana weaned herself from IMF in 2005 and why are we going there again? Indeed a dog can be educated but it still remains a dog
Fad 9 years ago

IMF bailout: Ghana not in crisis – Kwakye-Ofosu

IMF bailout: Ghana not in crisis – Kwakye-Ofosu
imPOSSIBLE 9 years ago

My goodness!!! Listen to this thing NAUGHTY BOY FELIX kwasea ofosu. How can a govt perfom efficiently when it is being surrended such slim minded elements including fifi kwettey and mahama ayariga.CRISES is a word the mahama ...
read full comment

My goodness!!! Listen to this thing NAUGHTY BOY FELIX kwasea ofosu. How can a govt perfom efficiently when it is being surrended such slim minded elements including fifi kwettey and mahama ayariga.CRISES is a word the mahama led ndc administration unwilling to hear but rather, hallenges.
Nana B. O. A. 9 years ago

After over 50 years of independence and education, we still have to seek technical assistance. What a crying shame. Close down Legon, Tech, Cavas and all the private universities because the professors simply cannot produce ...
read full comment

After over 50 years of independence and education, we still have to seek technical assistance. What a crying shame. Close down Legon, Tech, Cavas and all the private universities because the professors simply cannot produce the requisite skills to manage a country. NDC disgraceful government! In the 21st century, we can only find ourselves as the baboons the white envision us to be. No wonder 3rd world leaders will line up as poor immigrants and be inspected by health officers in the United States for ebola before being allowed entry into the U.S. for their hand outs. SHAMEFUL, ANNOYING, DISGRACEFUL, DISGUSTING LEADERS. Every leader must read what Christ means for one to be a leader, nothing more but to serve the people and not subvert the resources of the land and leave the majority of the people poor, hungry, sick and dying. Until we find a compassionate leader, we will revolve in that vicious cycle of greed. At least animals are disciplined in the fact that they know when they are full and do not continue to hunt for their prey. We just don't know when to stop grabbing and this is the repercussions we face now. Failing cedi, sporadic utility service and infinite number of high prices in all things.
Allahu akbar 9 years ago

I don't really know why Kwakye never change stops fooling himself with shameful propaganda.Ghana is Serious and at the state where we find ourselves now,nobody has time for this patisan rubbish,ok? Kwakye should have known lo ...
read full comment

I don't really know why Kwakye never change stops fooling himself with shameful propaganda.Ghana is Serious and at the state where we find ourselves now,nobody has time for this patisan rubbish,ok? Kwakye should have known long ago that Ghana is bigger and important that any political party and that our destiny lies in facing realities not ghost and useless propaganda......learn,Kwakye......Learn !!!!
FIRECRACKER 9 years ago

Just listen to this noisy senseless bleat from a village GOAT!!...Aponkye mmm333!!

Just listen to this noisy senseless bleat from a village GOAT!!...Aponkye mmm333!!
NEVER MIND 9 years ago

I DON'T BLAME THIS STUPID IGNORANT. HE IS A DEPUTY MINISTER RIGHT? HE ENJOYS FREE CAR, FREE FUEL FREE FOOD, FREE BUNGALOW AND FREE 'EVERYTHING' SO HE CAN TAKE US FOR LIARS WHEN WE SAY OUR ECONOMY IS IN CRISIS. INDEED 'THEY' N ...
read full comment

I DON'T BLAME THIS STUPID IGNORANT. HE IS A DEPUTY MINISTER RIGHT? HE ENJOYS FREE CAR, FREE FUEL FREE FOOD, FREE BUNGALOW AND FREE 'EVERYTHING' SO HE CAN TAKE US FOR LIARS WHEN WE SAY OUR ECONOMY IS IN CRISIS. INDEED 'THEY' NEITHER SEE WITH US NOR SHARE OUR PAIN AND FRUSTRATION. 2016 ISN'T FAR
DDKT 9 years ago

Nonesense

Nonesense
Mankind 9 years ago

What is in this fool's brain? Possibly it's all SHIT!! Will some release this moron from this position!!?

What is in this fool's brain? Possibly it's all SHIT!! Will some release this moron from this position!!?
Kwabena Gyamfi 9 years ago

Kwakye Ofosu is behaving just like Saddam Hussein's interior Minister, 'Chemical Ali'

When the American Troops were already in Bagdad, he was on tv, even with the Americans in the background, claiming that the Americans ha ...
read full comment

Kwakye Ofosu is behaving just like Saddam Hussein's interior Minister, 'Chemical Ali'

When the American Troops were already in Bagdad, he was on tv, even with the Americans in the background, claiming that the Americans had been beaten off. Kwakye Ofosu is behaving exactly the same way. When everything around him is crumbling, he has the effrontery to deny the obvious. Ofosu Kwakye Ofosu sucks!
TEE 9 years ago

PERIOD

PERIOD

IMF bailout: Ghana not in crisis – Kwakye-Ofosu

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 (39)

Read Comments Comments (39)