GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTA ... read full comment
GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTABLE. NDC HAS OVER THE PAST 5 YEARS PRESIDED OVER THE BIGGEST RESOURCES IN OUR HISTORY INCLUDING CRUDE OIL & STEALTH TAXES. THEY HAVE ALSO CONTRACTED THE BIGGEST LOANS IN OUR HISTORY. IF THEY HAVE NOTHING TO SHOW FOR THIS AND THE ECONOMY IS IN SHAMBLES, THEN,THEY MUST BE PROSECUTED. THEY MUST GIVE THE MONEYS BACK TO THE TREASURY. WE DO NOT NEED ANY ECONOMIC FORUM. SET UP A COURT IMMEDIATELY. IT HAPPENED IN THAILAND RECENTLY, PRIME MINISTER YINGLUCK SHINAWATRA WAS REMOVED BY THE CONSTITUTIONAL COURT FOR ABUSING POWER. LOOK AT GHANA;-- EMBRAER PLANE SCANDAL, STX KOREA,NDC US$20 MILLION PARTY HQ., US$4 MILLION DODGY JUDGEMENT DEBT TO MRS RAWLINGS AND HER COMPANY, SUBAH, GYEEDA, WOYOMI, ISOFOTON, WATERVILLE, AFRICA AUTOMOBILE, CP, SADA, FORTIZ/MERCHANT BANK,FREE EXPENSIVE CARS FOR CHIEFS, AKONFEM AND A HOST OF OTHER DODGY JUDGEMENT DEBT PAYMENTS. BUYING VOTES WITH CASH, LAND CRUISERS & LAPTOPS JUST TO WIN ELECTIONS. WHY NDC?????? WHY??? OUR SUPREME COURT COULD NOT HELP BUT DESCRIBED IT AS "ALLIANCE TO CREATE, LOOT AND SHARE" WHAT A SHAME? ?? AND YOU CALLING GHANAIANS TO A WASTEFUL ECONOMIC FORUM. NDC, THE MONEY IS WITH YOU, GIVE IT BACK TO GHANA. NPP, I SALUTE YOUR COURAGE FOR NOT ATTENDING. NPP REMAIN SMART AND VIGILANT!!!!!
KB,London. 9 years ago
Our national economic setback is the NDC. A bunch of clueless tugs who, for almost 25 years, have milked the country dry and managed to destroy every attempt to achieve economic independence.
Our national economic setback is the NDC. A bunch of clueless tugs who, for almost 25 years, have milked the country dry and managed to destroy every attempt to achieve economic independence.
GHANAMAN 9 years ago
HEADING FOR DISASTER LIKE YOUR ILL FITTING SUIT AND UGLY DENTURES
HEADING FOR DISASTER LIKE YOUR ILL FITTING SUIT AND UGLY DENTURES
Wdh 9 years ago
I am surprise to hear Mr. Osafo Maafo talking. He was calling one NPP guy I know very well to his house on weekend to give him government Contract, just to make sure that his share of the money will get to him. I will advise ... read full comment
I am surprise to hear Mr. Osafo Maafo talking. He was calling one NPP guy I know very well to his house on weekend to give him government Contract, just to make sure that his share of the money will get to him. I will advise ghanaians to be very careful with politicians, they are professional thieves and nobody should have time for them.
bobostone 9 years ago
Ghanaman! Wait till you get to Osafo's age to see whether you will even have dentures to wear. Show some respect for the elderly when contributing on this medium. It pays to be polite when addressing somebody who's older than ... read full comment
Ghanaman! Wait till you get to Osafo's age to see whether you will even have dentures to wear. Show some respect for the elderly when contributing on this medium. It pays to be polite when addressing somebody who's older than you. Ghanaians are respectful. I wonder whether you are a true Ghanaian.
SAMO JEWELLERY 9 years ago
Call or whatsapp us on 0244717600 to send you latest pictures of yellow n white wedding n engagement gold rings to choose from.....can also search samo jewellery on facebook,instagram,twitter for more pictures to choose from. ... read full comment
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Mahmoud 9 years ago
Rawlings staged a coup against Liman because he went to IMF, according to Zayab in his book, and Acheampong overthrew Busia because he went to IMF for bailout. Today, the Leftists PNDC is going to IMF just like Rawlings who t ... read full comment
Rawlings staged a coup against Liman because he went to IMF, according to Zayab in his book, and Acheampong overthrew Busia because he went to IMF for bailout. Today, the Leftists PNDC is going to IMF just like Rawlings who tormented Ghanians for 19 years with IMF and the World Bank after overthrowing Liman for going to IMF. The Leftists in Ghana are hypocrites.
walid 9 years ago
THANKS TO MAHAMA AND NDC LOSERS
THANKS TO MAHAMA AND NDC LOSERS
Seth Owusu 9 years ago
It's our reckless spending, corruption and thieving in the past by all governments that has landed us here.
Will Osofo Mafu tell us where he got the millions of dollars he used in paying for all those houses be bought in C ... read full comment
It's our reckless spending, corruption and thieving in the past by all governments that has landed us here.
Will Osofo Mafu tell us where he got the millions of dollars he used in paying for all those houses be bought in Canada and USA for his relatives. Now, everyone is talking like an Angel and blaming the situation on President Mahama when they are the very people who robed the country dry.
JOHN 9 years ago
you this guy u always talk shit on this platform. it maybe that
1. you did not attended school.
2. you are not socialized
3. your parents did not natured u well
4. you dont have any elderly person in ur family.
Resp ... read full comment
you this guy u always talk shit on this platform. it maybe that
1. you did not attended school.
2. you are not socialized
3. your parents did not natured u well
4. you dont have any elderly person in ur family.
Respect the elderly people you always mmet in ur daily life and you will be bblessed contrary is a curse so be careful about your words.
Thanks
SHEPETEE 9 years ago
KWASEA YOU DID NOT ATTENDED SCHOOL DID NOT NATURED WHO TAUGHT YOU THAT AND IN WHAT SCHOOL?.
KWASEA YOU DID NOT ATTENDED SCHOOL DID NOT NATURED WHO TAUGHT YOU THAT AND IN WHAT SCHOOL?.
WOW!! 9 years ago
THEY THINK THEIR "AKOFO ADDO WILL COME AND GIVE "MANNA FREE" LAZY PEOPLE!!
THEY THINK THEIR "AKOFO ADDO WILL COME AND GIVE "MANNA FREE" LAZY PEOPLE!!
ALI 9 years ago
At least the loan in not from barber's shop and it will help pay for the sanitary pads for the prostituting Akan/Asante NPP mothers and their daughters. the sanitary pads will plug the smelly Virginal ebola emanating from the ... read full comment
At least the loan in not from barber's shop and it will help pay for the sanitary pads for the prostituting Akan/Asante NPP mothers and their daughters. the sanitary pads will plug the smelly Virginal ebola emanating from their virginal.
Gonzaga 9 years ago
Go and borrow and share among the NDC and NPP while the poor are suffering. It has been going on for 25 years. Borrow for everything including menstrual pads. Haba! Haba! We cannot use our brains with abundant natural resourc ... read full comment
Go and borrow and share among the NDC and NPP while the poor are suffering. It has been going on for 25 years. Borrow for everything including menstrual pads. Haba! Haba! We cannot use our brains with abundant natural resources to generate revenue. OH! GHANA
ALI 9 years ago
all politicians right from independence have never legislated in our [Ghana]interest. They sell our gold long before it is mined, our cocoa long before it is harvested, payment for the oil has already been paid for before pro ... read full comment
all politicians right from independence have never legislated in our [Ghana]interest. They sell our gold long before it is mined, our cocoa long before it is harvested, payment for the oil has already been paid for before production. None
of these politicians deserve to live. We need a revolution worse than the ones we have had. A benevolent dictator who love Ghana
THE JUDGE 9 years ago
Yes, Nana Akufo Addo won't come and give manners from heaven for Ghanaians. However, prudent economic measures is the only way Ghana can get out of this economic mess NDC government has created.
NDC has been ruling Ghana ... read full comment
Yes, Nana Akufo Addo won't come and give manners from heaven for Ghanaians. However, prudent economic measures is the only way Ghana can get out of this economic mess NDC government has created.
NDC has been ruling Ghana for more than thirty years and we have not seen any economic progress from their vague economic policies. Nana Akufo Addo won't give manners for Ghanaians. On the other hand rampant stealing and looting from state treasury by NDC is not going to bring the magic economy John Mahama is expecting.
Ghanaians educated stupid elites are bone headed and are not objective at all. I am at a loss to see some intellectuals supporting NDC vague economic policies that has not worked from the time of Rawlings to this time. Why do you scorn Nana Addo while you have not known his economic measures to deal gigantic economic woes NDC thieves have created.
If it has been any country, all those government officials who sat down with Woyome and paid him while he had no contract with the government will be jailed. It is only uncivilized NDC government that is letting these officials go free. All of NDC officials benefited from Woyome loot .
Why Can't NDC government ask Rawlings
family why they received $4 million of that stolen money? Don't we have such laws in Ghana, that if you recieve and stolen assets from a thief, you are also liable to prosecution? Rawlings is a thief. Arrest him and charge him for receiving stolen money from Woyome. If Rawlings family has a case, let them defend themselves in court.
My friend, the stealing among NDC government officials are too much, and they are destroying Ghana beyond repairs. Nana Addo can change NDC culture of stealing and looting, and bring sanity among government officials.
Stealing and looting by NDC government officials is not the way to get Ghana out of this economic mess NDC governments have created.
GHANATTA 9 years ago
From the time of their wasteful revolution to the government of John Maham, NDC party has developed a culture of stealing and looting. It is dangerous for our country. NDC party has thinking that the NDC government officilas ... read full comment
From the time of their wasteful revolution to the government of John Maham, NDC party has developed a culture of stealing and looting. It is dangerous for our country. NDC party has thinking that the NDC government officilas can steal and get away with it.
When did NDC culture of stealing and looting begin? It began during the twenty one years of misrule by J.J. Rawlings. Rawlings and his men including PV Obeng, the Ahwois,Kofi Awoonor, Tsikatas etc. stole a lot from Ghanaaa. The rest of NDC members both seniors and juniors know of it.
So, anytime, there is a new NDC officials in power, the new batch of thieves also want to steal. They don't want their families to tell them that they are fools. Even if you are honest person, either you fall away or you join the stealing splee of NDC gangsters thieves to steal. Other than that you can not keep your post. Why would they keep you in office if you are not prepare to steal?
Ghanians must open their eyes very well. NDC looting and stealing has become a 'cycle of stealing and looting'. It will continue until Ghanaians demand accountability.
Escargo 9 years ago
So J J Rawlings, Mr " probity and accountability" murdered people , destroyed businesses, sold industries built by the greatest visionary, Dr Kwame Nkrumah, seized assets of people and replaced it with what? He replaced it wi ... read full comment
So J J Rawlings, Mr " probity and accountability" murdered people , destroyed businesses, sold industries built by the greatest visionary, Dr Kwame Nkrumah, seized assets of people and replaced it with what? He replaced it with a cadre of PNDC/NDC looting brigade, and they have done it for 30 yrs. How was he able to achieve this.1. He purged the security forces of tribes that he hated, especially the Akans and replaced it with Ewes and people from the north. 2. he made the security forces a political wing of the NDC. 3. He murdered anyone that he perceived as a threat by way of causing you an accident ( examples being major Wood, Arkaa and even the attempt to crash and kill Kuffuor} 4. He instilled fear in the populace that everyone kept their mouth shut. 5. His propaganda machine,including his wife Nana Konadu was set in motion and propagated lies upon lies as they looted state coffers. The end results is what we see today. A nation economically wrecked and in tatters. J J Rawlings, today you are silent as your NDC brigade keep on looting and wrecking the nation. How do you sleep at night for all those murders and a wrecked nation.
onipa nnua 9 years ago
You took Ghana to HIPC and even told us that 'if you like it or not you are HIPC' Osafo marfo this. very said indeed
You took Ghana to HIPC and even told us that 'if you like it or not you are HIPC' Osafo marfo this. very said indeed
OHENE BA 9 years ago
OSAFO MAFO WO MAAME TWE YOU TOOK THE HIPC LOOK AT HIS FACE WITH HIS SMELLING MOUTH, TRY TO CLEAN YOUR TOOTH ELSE EBOLA.
OSAFO MAFO WO MAAME TWE YOU TOOK THE HIPC LOOK AT HIS FACE WITH HIS SMELLING MOUTH, TRY TO CLEAN YOUR TOOTH ELSE EBOLA.
Jah Bless 9 years ago
Please study well and stop insulting People, this will not help you and Your fellow Ghanaians. When did Ghana go for HIPC? Who was rulling the country then? How long did it take kuffour to take Ghana to HIPC after getting Pow ... read full comment
Please study well and stop insulting People, this will not help you and Your fellow Ghanaians. When did Ghana go for HIPC? Who was rulling the country then? How long did it take kuffour to take Ghana to HIPC after getting Power from NDC? Let us be realistic and support those who can put Ghana on his feet and stop this foolish politics. People are sufering and you are here supporting those destroying mother Ghana. I suffer, you suffer. No work =suffering = more criminals, remember that.
KWADWO 9 years ago
WHERE IS OSAFO MAAFO'S SUIT BREASTPOCKET RIGHT OR LEFT?IS IT THE SAME THING HAPPENING TO OUR ECONOMY WHERE SOME SAY GO RIGHT AND SOME SAY GO LEFT!!!
WHERE IS OSAFO MAAFO'S SUIT BREASTPOCKET RIGHT OR LEFT?IS IT THE SAME THING HAPPENING TO OUR ECONOMY WHERE SOME SAY GO RIGHT AND SOME SAY GO LEFT!!!
4 Year Old 9 years ago
We have a big problem with Mahama's small, small boys with basic knowledge in economics trying to manage Ghana's economy. All they know is "opportunity cost".
Their understanding is that they have the opportunity to loot an ... read full comment
We have a big problem with Mahama's small, small boys with basic knowledge in economics trying to manage Ghana's economy. All they know is "opportunity cost".
Their understanding is that they have the opportunity to loot and empty Ghana's coffers.
As the saying goes, "It's a jungle out there."
It's a mess. IMF may do all they can but if Ghanaians remain this much corrupt, nothing good will ensue.
OHENE BA 9 years ago
KOFOUR SHARE IT WA WA WHILES NANA EBOLA AKUFO ADDO WAS BUSY PLANING HIS RITUAL KILLINGS.
KOFOUR SHARE IT WA WA WHILES NANA EBOLA AKUFO ADDO WAS BUSY PLANING HIS RITUAL KILLINGS.
Gye Nyame 9 years ago
You know without IMF, weak, clueless Mahama would not implement a thing. At least something would be done for the betterment of Ghana in the long run. They will force Mahama to do the right thing for the country. I think the ... read full comment
You know without IMF, weak, clueless Mahama would not implement a thing. At least something would be done for the betterment of Ghana in the long run. They will force Mahama to do the right thing for the country. I think the first thing to look at would be scale back on their expenses. Chinese/Russians promised heaven but delivered hell.
KOZI AGBE 9 years ago
REMEMBER AT LEAST MAHAMA MAY BE CLUELESS WITH MANAGING THE ECONOMY BUT HE IS NOT CLUELESS WITH CORRUPTION, CREATE LOOT AND SHARE.
REMEMBER AT LEAST MAHAMA MAY BE CLUELESS WITH MANAGING THE ECONOMY BUT HE IS NOT CLUELESS WITH CORRUPTION, CREATE LOOT AND SHARE.
Princess 9 years ago
Only brainless fools still put faith in this thievery administration. Read cnn money & financial times to see what others are saying about this useless government who came in power to destroy the nation.
Only brainless fools still put faith in this thievery administration. Read cnn money & financial times to see what others are saying about this useless government who came in power to destroy the nation.
DENTE 9 years ago
OUR PROBLEMS ARE CORRUPTION AND MISMANAGEMENT
OUR PROBLEMS ARE CORRUPTION AND MISMANAGEMENT
KOZI AGBE 9 years ago
MAHAMA AND NDC EVEN AFTER THE IMF BAILOUT WOULD STILL NOT DO RIGHT. THEY WOULD STILL CONTINUE WITH THEIR CORRUPT PRACTICES AND EVERYTHING WOULD BE MESSED UP AGAIN. NO MATTER THE NUMBER OF TIMES NDC LED MAHAMA GOVT GOES TO TH ... read full comment
MAHAMA AND NDC EVEN AFTER THE IMF BAILOUT WOULD STILL NOT DO RIGHT. THEY WOULD STILL CONTINUE WITH THEIR CORRUPT PRACTICES AND EVERYTHING WOULD BE MESSED UP AGAIN. NO MATTER THE NUMBER OF TIMES NDC LED MAHAMA GOVT GOES TO THE IMF, THEY STILL WOULD NOT BE ABLE TO MANAGE THE ECONOMY.
soh 9 years ago
Can Osafo marfo tell Ghanaians why he was fired?
Can Osafo marfo tell Ghanaians why he was fired?
tuy 9 years ago
If you put yourself in a hole then you may need discredited organization like the IMF to bail you out.
If you put yourself in a hole then you may need discredited organization like the IMF to bail you out.
Close Observer 9 years ago
Is Fiifi Kwetey listening. As a serial caller, he insulted very competent economist like Osafo Marfo. Now he has been rewarded with a ministerial appointment and look at where we are. I'm surprised he was not kicked out of go ... read full comment
Is Fiifi Kwetey listening. As a serial caller, he insulted very competent economist like Osafo Marfo. Now he has been rewarded with a ministerial appointment and look at where we are. I'm surprised he was not kicked out of government but rather pushed to the Agric. Ministry. Loud mouth Fiifi Kwetey must tell Terkper what to do to halt the free fall of the cedi since he has given us the impression that he knows more than everybody in his days as a serial caller.
KK 9 years ago
Do you remember Kuffour and his looting brigade? They all became rich over-night - millionaires from looting the state. How about that?
Do you remember Kuffour and his looting brigade? They all became rich over-night - millionaires from looting the state. How about that?
Close Observer 9 years ago
Do you mean those who got us out of HIPC when JJ RAWLINGS and KWESI BOTCHWEH mismanaged the economy just like Mahama, Terkper and Fiifi Kwetey are doing? Has there been a time in the history of Ghana when corruption has been ... read full comment
Do you mean those who got us out of HIPC when JJ RAWLINGS and KWESI BOTCHWEH mismanaged the economy just like Mahama, Terkper and Fiifi Kwetey are doing? Has there been a time in the history of Ghana when corruption has been this alarming like is is in Mahama's era. What does Fiifi Kwetey and his fellow student Haruna Iddrisu have coming into politics?
Kofi 9 years ago
We need to find out how we got here in the first place. We can't go to the IMF with all their conditionalaities, get better, mismanage and go back. This is what happens when students are put in charge of the country's economy ... read full comment
We need to find out how we got here in the first place. We can't go to the IMF with all their conditionalaities, get better, mismanage and go back. This is what happens when students are put in charge of the country's economy.
Gye Nyame 9 years ago
Perhaps one of the "conditionalities" would be to get rid of the "students" in charge and hire real experienced managers. Mahama needs hand holding, that is why IMF loans work better than the other loans.
Perhaps one of the "conditionalities" would be to get rid of the "students" in charge and hire real experienced managers. Mahama needs hand holding, that is why IMF loans work better than the other loans.
Gye Nyame 9 years ago
Perhaps one of the "conditionalities" would be to get rid of the "students" in charge and hire real experienced managers. Mahama needs hand holding, that is why IMF loans work better than the other loans.
Perhaps one of the "conditionalities" would be to get rid of the "students" in charge and hire real experienced managers. Mahama needs hand holding, that is why IMF loans work better than the other loans.
A. T. 9 years ago
I am very surprised that Rawlings has kept quite over the sad state of Ghana's economy. If he wants to be an elder statesman, he should at least make an attempt to be objective. He is actually confirming what the opposition h ... read full comment
I am very surprised that Rawlings has kept quite over the sad state of Ghana's economy. If he wants to be an elder statesman, he should at least make an attempt to be objective. He is actually confirming what the opposition has been saying - that he sees only the wrong that is done by the NPP and Akans but never sees the wrong done by non-Akans. Why was Rawlings so critical of Atta Mills but never critical of Mahama even though corruption appears more endemic during Mahama's reign than during Atta Mills time. If we are going to be serious as a people, we need to eschew all aspects of wrongdoing regardless of where it is coming from.
SHEPETEE 9 years ago
THIS IS PURE LANGUAGE,WELL DONE!.THE TOOTHLESS TIGER IS NOW BLIND HE CAN'T SEE NOR ROAR.
THIS IS PURE LANGUAGE,WELL DONE!.THE TOOTHLESS TIGER IS NOW BLIND HE CAN'T SEE NOR ROAR.
KK 9 years ago
You blame JJ for talking and you blame him for silence? Something is wrong. How about Kuffour? Take some medication and get some sleep and stop blaming Jj for your sickness too?
You blame JJ for talking and you blame him for silence? Something is wrong. How about Kuffour? Take some medication and get some sleep and stop blaming Jj for your sickness too?
A. T. 9 years ago
I am not blaming him for talking and for being silent. If he is going to be silent, he should be silent to all not to a select group, especially in a country that is so divided along tribal and political lines. If he is going ... read full comment
I am not blaming him for talking and for being silent. If he is going to be silent, he should be silent to all not to a select group, especially in a country that is so divided along tribal and political lines. If he is going to talk, he needs to be consistent in that too. If he is going to speak against corruption, he should do so whether it is Kufuor who is doing the stealing or Mills or Mahama. Stealing is always bad. Mahama's stealing is as bad as Kufuor's stealing! I hope you understand!!!
Pabro Correa 9 years ago
Mr Osafo Marfo, The problem we are facing with the Ghana economy are 3 things.
1.Incompent hands are managing our economy
2.The wrong economic fundamentals and approach are being used to recover the economy.
3.The preside ... read full comment
Mr Osafo Marfo, The problem we are facing with the Ghana economy are 3 things.
1.Incompent hands are managing our economy
2.The wrong economic fundamentals and approach are being used to recover the economy.
3.The president is clueless,dull,dumb and a complete waste of space.
I see more more disaster coming our way if even we go to IMF because their support will come with conditions and it is always a take it or leave situation. The problem is that Ghana Economy is being driven by a drunk in car with a speed of about 140 miles per hour with faulty brakes, on a first gear with a sharp curve ahead. The car is most likely to run into a ditch. We must ask the gov't to give account of what they have done with about 25 billion dollars borrowed since 2009.I am very concerned that any help given to Ghana may be put in deals such as subah,gyeeda etc to create more avenue to create,loot and share.
MAAKA! MAAKA!STUMPUS! 9 years ago
What are we doing this Ghana?All that we are doing is put Ghana into more debts?Ever since Independence all that we do is go for Loans which finally ends up in peoples personal accounts.The country has nothing to show for all ... read full comment
What are we doing this Ghana?All that we are doing is put Ghana into more debts?Ever since Independence all that we do is go for Loans which finally ends up in peoples personal accounts.The country has nothing to show for all the Loans we have been going for.Where are the receipts of our oil?
0243578657 9 years ago
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It is announced for the information of prospective applicants that Cambridge Senior High School is admitting students into SHS 1, 2 and the Remedial ... read full comment
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The courses being offered include General Arts, Business and General Science. BOARDING facilities are available for both males and females. More importantly, the fees are moderate. All the tutors are experienced examiners. The school is located at North Suntreso-Kumasi on Sunyani Road near Bekwai Roundabout.
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Damango 9 years ago
This IMF loan will only go to corrupt and incompetent NDC officials. Mahama is clueless about nation building or fixing the economy. These no-nothing officials will embark on projects that yields no dividend to the country ... read full comment
This IMF loan will only go to corrupt and incompetent NDC officials. Mahama is clueless about nation building or fixing the economy. These no-nothing officials will embark on projects that yields no dividend to the country. Like buying pads for girls, cleaning services and buying cars for inept village chiefs. No! Fuck them and don't get any IMF loan.
BOY KOFI 9 years ago
If the boat sinks we all going to die together so is needless at this critical stage for the opposition to pray that we all die.This does not speak well of them either.Thank you.
If the boat sinks we all going to die together so is needless at this critical stage for the opposition to pray that we all die.This does not speak well of them either.Thank you.
Kojo T 9 years ago
npp wants Ghana to fail Do you not understand " ungovernable"
npp wants Ghana to fail Do you not understand " ungovernable"
Kanawu 9 years ago
Mahama has mess up a lot but this present mess was caused by JJ administration, Kuffour Governemnet Mills and now Mahama. You should all shear the blame, You are all guilty. All politicians -NPP, CPP, NDC. PPP -You are all li ... read full comment
Mahama has mess up a lot but this present mess was caused by JJ administration, Kuffour Governemnet Mills and now Mahama. You should all shear the blame, You are all guilty. All politicians -NPP, CPP, NDC. PPP -You are all liars, thieves and untrustworthy bunch
BALLOT BOX 9 years ago
The Mahama led NDC gov't has sent Ghana over the cliff a long time ago, and the predictions made by Dr. Bawumia about two and a half years ago, are playing out vividly like a 3-D movie on account of the sheer incompetence, cr ... read full comment
The Mahama led NDC gov't has sent Ghana over the cliff a long time ago, and the predictions made by Dr. Bawumia about two and a half years ago, are playing out vividly like a 3-D movie on account of the sheer incompetence, crass mismanagement and grotesque and stinking financial rot and sleaze.
The P(NDC)gov't has never had the ability nor the foresight let alone the mental composition to govern a country, and govern it well, to produce the results that impact positively in real terms in the lives of the masses.
Coupled with their huge propensity for theft and looting of the contents of the national kitty, it is something worse than a disaster waiting to happen.
The very revealing lack of credibility and confidence in the Mahama led NDC gov't for which they need to run to the IMF, rather sums it all up for all well meaning and right thinking Ghanaians, that this is a completely failed, unprepared and inept administration whose cluelessness, is beyond measure. The NDC gov't needs to resign or should be massively voted out at the ballot box because such level of non-delivery is appalling and a blot on the conscience, not that we expected any different.
Kpogya 9 years ago
Shut up You all stole money
Shut up You all stole money
Jojo 9 years ago
HE IS ONE OF THE SO CALLED FAILED POLITICIAN IN GHANA.
IS THIS MAN AWARE THAT, WHEN A NATION EXPORTS ''ONLY''' RAW MATERIALS AND TO EARN ITS HARD CURRNCY AND ARE DRAINED BY RETAIL TRADERS FOR THEIR IMPORTS(BUYING AND SELLI ... read full comment
HE IS ONE OF THE SO CALLED FAILED POLITICIAN IN GHANA.
IS THIS MAN AWARE THAT, WHEN A NATION EXPORTS ''ONLY''' RAW MATERIALS AND TO EARN ITS HARD CURRNCY AND ARE DRAINED BY RETAIL TRADERS FOR THEIR IMPORTS(BUYING AND SELLING) IT HAS EFFECT ON THE ECONOMY OF THE COUNTRY.
WHAT DID HIS NPP DO IN THEIR EIGHT YEARS OF ADMINISTRATION, GHANA'S PROCEEDS FROM EXPORT WERE USED TO IMPORT EXPENSIVE LUXURY CARS AND JEEPS FOR THEIR MERRYMAKING IN THE COUNTRY.
CAN YOU IMAGINE,FOR A DAY CELBRATION OF THE FIFTIETH ANNIVERSARY OF GHANA'S INDEPENDENCE IN 2007, THE NATIONS FOREIGN EXCHANGE WAS USED BY NPP TO IMPORT EXPENSIVE CARS,BMW,MERCEDES BENZ, CHRYSLER, JAGUAR,PEAUGOT, ROVER AND VOLVO.
HAVE WE BEEN SENSIBLE.
WAS THIS MAN WHO OCCUPIED THE OFFICE OF THE FINANCE MINISTRY NOT AWARE OF THE DANGERS IN THE MISUSE USE OF NATIONAL RESOURCES OF THE COUNTRY.
THESE NOISY PREACHERS HAVE DONE NOTHING FOR THEIR FELLOW GHANAIANS THAN TO SQUANDER THE RESOURCES OF THE NATION FOR THEIR OWN SELFISH INTERESTS.
CAN HE TELL GHANAIANS WHAT HAS BEEN HIS TECHNICAL CONTRIBUTION AS A CIVIL ENGINEER, AND WHAT HE HAS EVEN DONE FOR HIS ODA CONSTITUENCY.
AKONFEM MAHAMA 9 years ago
NDC,MAHAMA LOOT AND SHARE,THEIR ALL FOOOOOOLS,SHAAAAAME ONTO THEM,
NDC,MAHAMA LOOT AND SHARE,THEIR ALL FOOOOOOLS,SHAAAAAME ONTO THEM,
Pabro Correa 9 years ago
Mr Osafo Marfo, The problem we are facing with the Ghana economy are 3 things.
1.Incompent hands are managing our economy
2.The wrong economic fundamentals and approach are being used to recover the economy.
3.The presi ... read full comment
Mr Osafo Marfo, The problem we are facing with the Ghana economy are 3 things.
1.Incompent hands are managing our economy
2.The wrong economic fundamentals and approach are being used to recover the economy.
3.The president is clueless,dull,dumb and a complete waste of space.
I see more more disaster coming our way if even we go to IMF because their support will come with conditions and it is always a take it or leave situation.Some of this conditions would include the following.
1.Further increases in Fuel and Utility prices
2.Further Job losses in the public Sectors
3.A re-introduction of cash and carry in our hospital and more taxations on all goods and services
3.More Austerity measures in all sectors of the economy and a more stringent say in our domestic financial and Budgetary decisiona
Can NDC cope with these.
NDC is well known for negotiating strange loans with high management fees and kick backs.
The problem is that Ghana Economy is being driven by a drunk in car with a speed of about 140 miles per hour with faulty brakes, on a first gear with a sharp curve ahead. The car is most likely to run into a ditch. We must ask the gov't to give account of what they have done with about 25 billion dollars borrowed since 2009.I am very concerned that any help given to Ghana may be put in deals such as subah,gyeeda etc to create more avenue to create,loot and share.Our problem is simple,The economy handlers do not know what they are doing
Kwame VS. Kofi 9 years ago
Yes, some times a desaster is healthy. Take a look at WW2 and it`s effect on Germany. The total destruction of a Nation has turned into a blessing. Ghana must go down the drain to re-errect as a strong nation!
Yes, some times a desaster is healthy. Take a look at WW2 and it`s effect on Germany. The total destruction of a Nation has turned into a blessing. Ghana must go down the drain to re-errect as a strong nation!
A. T. 9 years ago
Yes, often adversity creates necessary condition for improvement. However, self-inflicted wounds like improverishing your own people through wanton stealing of the national wealth is not the type of adversity that often resul ... read full comment
Yes, often adversity creates necessary condition for improvement. However, self-inflicted wounds like improverishing your own people through wanton stealing of the national wealth is not the type of adversity that often results in development, unless some of the nation's leaders see the stealing as a problem and rise to punish the corrupt officials and create an orderly society that begins to put us towards the path to prosperity. Deliberate stealing without punishment will never see us develop!!!
JB Osei-Brown 9 years ago
Look, before the WW2, German had trams and underground railways - meaning it was very well technically advanced then. For instance, Germany introduced the Health Insurance System to the world in 1883 and the system is stll o ... read full comment
Look, before the WW2, German had trams and underground railways - meaning it was very well technically advanced then. For instance, Germany introduced the Health Insurance System to the world in 1883 and the system is stll operating - over 92% covered by the Statutory (Compulsory) Insurance plan.
In fact, it was only through Germany advancement, systematic planning and HARDWORK that it could almost defeat the allies.
We in Ghana today are still less developed than Germany in 1945, are very lazy, have get-rich quick attitude, are unpatroitic and VERY VERY CORRUPT, so that no amount of aid will help make Ghana strong, but rather make some few very rich!
Kwame VS. Kofi 9 years ago
.. the white man is stealing all our resources, bla, bla, bla.."
.. the white man is stealing all our resources, bla, bla, bla.."
Ghana land of Donkeys 9 years ago
The reserves right now are 4.4 billion dollars down from 5.6 billion dollars! Stop spreading lies... is 900 million how much you NPP criminals intend to leave??
The reserves right now are 4.4 billion dollars down from 5.6 billion dollars! Stop spreading lies... is 900 million how much you NPP criminals intend to leave??
E.N. 9 years ago
If Ghana does have 4.4 billion dollars why are we so broke ??? Mr. Donkey think and stop hating.
If Ghana does have 4.4 billion dollars why are we so broke ??? Mr. Donkey think and stop hating.
ANSA 9 years ago
muslim or an ahmadi?
muslim or an ahmadi?
Yaa 9 years ago
And what has being a Muslim or ahmadi got to do with this article?
And what has being a Muslim or ahmadi got to do with this article?
KK 9 years ago
Don't forget what Kuffour said in power about corruption against his Government of looters. He said, " Corruption is a personal perception". I hope that was acceptable to NPP then but not now?
I think, corruption is still a ... read full comment
Don't forget what Kuffour said in power about corruption against his Government of looters. He said, " Corruption is a personal perception". I hope that was acceptable to NPP then but not now?
I think, corruption is still a perception. This is what the Golden erra of business has given Ghana as a legacy. Nobody is corrupt in Ghana - is a just a perception.
Damango 9 years ago
Yes NPP government was also corrupt and like any previous government of Ghana. But here is the difference, the economy grew at 14%. The cedi was stable etc. While I don't condone these behaviors; you NDC fools need to be ho ... read full comment
Yes NPP government was also corrupt and like any previous government of Ghana. But here is the difference, the economy grew at 14%. The cedi was stable etc. While I don't condone these behaviors; you NDC fools need to be honest and address the issues instead of pointing fingers. Mahama is incompetent, corrupt and deceitful.
JJ.J DALLAS,TX 9 years ago
The IMF must NOT bail Ghana out.WOYOMEAND OCANSEY looted the treasury.What happened to the cars ordered for Ghana at 50 yrs.High ranking Govt officials walk away with tax payers cars when they leave office.There are too many ... read full comment
The IMF must NOT bail Ghana out.WOYOMEAND OCANSEY looted the treasury.What happened to the cars ordered for Ghana at 50 yrs.High ranking Govt officials walk away with tax payers cars when they leave office.There are too many ministers and deputy ministers collecting allowances,living in Govt flats,filling their tanks to the brim with petrol for the weekend.Ghana Airways properties sold cheap to Govt officials.A wife of a President buying Govt.property for sale.No bail out by the IMF.PERIOD
JJ.J DALLAS,TX 9 years ago
WE NEED ANOTHER "RAWLINGS" to clean up the system Go in to politics if you want to be rich.Too many people with dirty hands.No IMF bail out
WE NEED ANOTHER "RAWLINGS" to clean up the system Go in to politics if you want to be rich.Too many people with dirty hands.No IMF bail out
Sincerity 9 years ago
He can solve the problem without IMF
He can solve the problem without IMF
Animal Farm 9 years ago
The conditions for IMF financial support will be fiscal and monetary discipline.The Government has been reckless in spending and borrowing. Lets see whether they will have the gut to tell the IMF those cock and bull stories a ... read full comment
The conditions for IMF financial support will be fiscal and monetary discipline.The Government has been reckless in spending and borrowing. Lets see whether they will have the gut to tell the IMF those cock and bull stories about the causes of this economic disaster Let them also tell the IMF that they have built roads, hospitals , gas plant and extended electricity to rural areas so our economy is sound. That they will continue to borrow right, left and centre until the end of this world.Its really unfortunately and sad that some Ghanaians still believe in what this Government says about our economy.
KRONFO 9 years ago
CURUPTION STARTED FROM ADAM EVE
CURUPTION STARTED FROM ADAM EVE
NANA AKUFO ADDO 9 years ago
THE ECONOMY IS TURNING AROUND. THE ECONOMY IS RECOVERING. U.S INVESTORS ARE COMING TO GHANA IN DROVES. HONESTLY, THE U.S INVESTORS ARE BETTER THAN THE CHINESE. THE U.S WILL ROB YOU WITH ONE HAND. THE CHINESE WILL ROB YOU WITH ... read full comment
THE ECONOMY IS TURNING AROUND. THE ECONOMY IS RECOVERING. U.S INVESTORS ARE COMING TO GHANA IN DROVES. HONESTLY, THE U.S INVESTORS ARE BETTER THAN THE CHINESE. THE U.S WILL ROB YOU WITH ONE HAND. THE CHINESE WILL ROB YOU WITH TWO HANDS PLUS THEIR FEET. AND IF THEY ADD THEIR EYES, FORGET ABOUT IT. I COUNTED 3000 U.S INVESTORS AT KOTOKA TODAY. LONG LIVE MAHAMA. LONG LIVE TERKPER. LONG LIVE GHANA.
Joe 9 years ago
With all these mess, NDC still does not admit they have failed to manage the economy in a prudent way.
With all these mess, NDC still does not admit they have failed to manage the economy in a prudent way.
Smart Frempah, UK 9 years ago
“From 2008 even without oil, our GDP was 8.4 and it rose to 14 in 2011 when we discovered oil. But even with oil inclusive, it has currently dropped to 6% so the question we must ask ourselves is that if we hadn’t found t ... read full comment
“From 2008 even without oil, our GDP was 8.4 and it rose to 14 in 2011 when we discovered oil. But even with oil inclusive, it has currently dropped to 6% so the question we must ask ourselves is that if we hadn’t found the oil, where would we be by now.
Our national-international reserve stood at 3.1 billion but has drastically dropped to 900million.
IS EVERYONE READING THIS? This is my point on the state of the economy. This government has borrowed more than any other government in our history and what do they have to demonstrate/show? Nothing, only poverty and desperation.
ADAMU 9 years ago
IMF LOANS ARE NOT DESIGNED TO BAIL OUT AFRICA'S HOPELESS ECONOMIES.
IMF AND OTHER LOANS ARE NOT BAILOUTS BECAUSE THEY COME WITH INTEREST RATES AND MANY DIRE ECONOMIC CONSEQUENCIES, PARTICULARLY AFRICA'S HOPELESS AND UNSUST ... read full comment
IMF LOANS ARE NOT DESIGNED TO BAIL OUT AFRICA'S HOPELESS ECONOMIES.
IMF AND OTHER LOANS ARE NOT BAILOUTS BECAUSE THEY COME WITH INTEREST RATES AND MANY DIRE ECONOMIC CONSEQUENCIES, PARTICULARLY AFRICA'S HOPELESS AND UNSUSTAINABLE ECONOMIES WHICH ARE PERENIALLY BASED ON BUDGET DEFICITS DUE TO CONSTANT DEBT SERVICING.
EVEN BUSINESSES WHICH ARE CONSTANTLY RELIANT ON LOANS CANNOT BE SUSTAINED, LET ALONE GHANA PLC WHOSE LEADERS ARE KNOWN TO BE DOWNRIGHT CORRUPT.
DEFICITS.
Katy 9 years ago
Few years ago, ghana was the beacon & hope for africa but now, all is lost due to mismanagement & corruption. Sad how we've taken many steps backward.
Few years ago, ghana was the beacon & hope for africa but now, all is lost due to mismanagement & corruption. Sad how we've taken many steps backward.
NAN 9 years ago
ECONOMY IS BUILD FROM THE BOTTOM,THE IMF BAILOUT WILL ONLY BAILOUT GOVEMENT WORKERS IF OUR IMPORT EXCEED EXPORT THERE WILL BE KNOW CHANGE.
ECONOMY IS BUILD FROM THE BOTTOM,THE IMF BAILOUT WILL ONLY BAILOUT GOVEMENT WORKERS IF OUR IMPORT EXCEED EXPORT THERE WILL BE KNOW CHANGE.
TEE 9 years ago
SO. MAHAMA HAS REALLY STOLEN ALL OUR MONIES, IS ABOUT TIME WE MUST PUT THAT THIEF INTO TRAIL PERIOD
SO. MAHAMA HAS REALLY STOLEN ALL OUR MONIES, IS ABOUT TIME WE MUST PUT THAT THIEF INTO TRAIL PERIOD
TEE 9 years ago
OH MY GOD SO MAHAMA IS SO A THIEF
OH MY GOD SO MAHAMA IS SO A THIEF
Thomson 9 years ago
Ghanaians are not matured to rule themselves. After 57yrs of independent, what an awful people.
Ghanaians are not matured to rule themselves. After 57yrs of independent, what an awful people.
Escargo 9 years ago
Without oil Ghana had foreign reserves of $3.2B, and with oil flowing under NDC we reserves of 900m
Why this great disparity? It is simply due to NDC looting. Judgement debt this and that.SADA,SUBA, ISOFOTON,WATERVILLE.el al ... read full comment
Without oil Ghana had foreign reserves of $3.2B, and with oil flowing under NDC we reserves of 900m
Why this great disparity? It is simply due to NDC looting. Judgement debt this and that.SADA,SUBA, ISOFOTON,WATERVILLE.el all. An NDC/PNDC govt that knows nothing but crime, violence, banditry and looting. And they have done it for 30 yrs. ALLA, when will this end. Te time will come when the country wiil explode in flames.
obundua 9 years ago
We knew all and voted them into power.
We no see nothing yet.
We knew all and voted them into power.
We no see nothing yet.
Franck 9 years ago
Ghana for sale
Ghana for sale
Pelicles 9 years ago
Anyone who voted for NDC with their stomach, should bow down their heads in shame. This is the type of government that tricked you with a cedi for your vote and here you are gnashing your teeth in disbelief.
I have been ... read full comment
Anyone who voted for NDC with their stomach, should bow down their heads in shame. This is the type of government that tricked you with a cedi for your vote and here you are gnashing your teeth in disbelief.
I have been saying all along that "truants and vagabonds" cannot rule and we all know why.
The Trucker 9 years ago
op Ten Reasons to Oppose the IMF
from Global Exchange
WHAT IS THE IMF?
The International Monetary Fund and the World Bank were created in 1994, shortly before the end of World War II, at a conference in Bretton Woods ... read full comment
op Ten Reasons to Oppose the IMF
from Global Exchange
WHAT IS THE IMF?
The International Monetary Fund and the World Bank were created in 1994, shortly before the end of World War II, at a conference in Bretton Woods, New Hampshire. Both institutions are now based in Washington, DC. The IMF was designed to promote international economic cooperation and provide its member countries with short term loans in order to trade with other countries (achieve balance of payments). During the 1980's, the IMF took on an expanded role of lending money to "bailout" countries during financial crisis. This gave the IMF leverage to begin designing economic policies for over 60 countries. Countries have to follow these policies to get the IMF's "seal of approval" to get loans, international assistance, and even debt relief. Thus, the IMF has enormous influence not only in structuring the global economy, but also on real-life issues such as poverty, environmental sustainability and development. The IMF is one of the most powerful institutions on Earth--yet few know what it is. 1) The IMF has created a system of modern day colonialism that SAPs the poor to fatten the rich
The IMF, along with the WTO and the World Bank, is directing the global economy on a path of greater inequality and environmental destruction. The IMF's and World Bank's "structural adjustment policies" (SAPs) ensure debt repayment by requiring countries to cut spending on education and health; eliminate basic foods and transportation subsidies; devalue national currencies to make exports cheaper; privatize national assets; and freeze wages. These policies increase poverty, reduce countries' ability to develop strong domestic economies and allow multinational corporations to exploit workers and pollute the environment.
2) The IMF caters to wealthy countries and Wall Street
Although industrialized countries have not borrowed from the IMF in twenty years, rich countries dominate decision making. Voting power is determined by the amount of money that each country pays. The U.S. is the largest shareholder with a quota of 18%. U.S., Germany, Japan, France and Great Britain together hold about 38% of the vote. Each of these countries appoints their own representative to the executive board, while other groups of countries elect a representative. The U.S. Executive Director is Karin Lissakers, and she works closely with Lawrence Summers and the U.S. Treasury Department to design policy for the IMF. The disproportional amount of power held by wealthy countries translates into decisions that benefit wealthy bankers, investors and corporations from industrialized countries at the expense of sustainable development. Is it a surprise that the IMF then uses its leverage over cash-strapped developing countries to force them to open up to powerful transnational corporations?
3) The IMF is imposing a fundamentally flawed development model
Unlike the path followed by most industrialized countries, the IMF forces countries from the Global South to prioritize export production over the development of a diversified domestic economy. Nearly 80% of all malnourished children in the developing world live in countries where farmers have been forced to shift from food production for local consumption to the production of crops for export to the industrialized countries. The IMF also requires countries to eliminate tariffs and provide incentives for multinational corporations - such as reduced labor and environmental protections. Small businesses and farmers can't compete with large multinational corporations, resulting in sweatshop conditions where workers are paid starvation wages, live in inhumane conditions, and are unable to provide for their families. The cycle of poverty is perpetuated, not eliminated.
4) The IMF is a secretive institution with no accountability
The IMF is funded with taxpayer money, yet it operates from behind a veil of secrecy. For the most part, members of affected communities do not participate in designing loan packages. The IMF works with a select group of central bankers and finance ministry staff to decide polices without input from other government agencies such as health, education and environment departments. Furthermore, the IMF has resisted attempts to open up to public scrutiny and independent evaluation. The IMF has made elites from the Global South more accountable to First World elites than their own people.
5) IMF policies promote corporate welfare
To increase exports, countries are encouraged to give tax breaks and subsidies to export industries. Assets such as forestland and government utilities (phone, water and electricity companies) are sold off to foreign investors at rock bottom prices. Some examples: In Guyana, an Asian owned timber company called Barama received a logging concession that was 1.5 times the total amount of land all the indigenous communities were granted. Barama also received a five-year tax holiday. The IMF forced Haiti to open its market to imported, highly subsidized U.S. rice at the same time it prohibited Haiti from subsidizing its own farmers. A US corporation called Early Rice now sells nearly 50% of the rice consumed in Haiti. Haitian farmers have been forced off their land to seek work in sweatshops, and people are poorer than ever.
6) The IMF hurts workers
Many SAPs require changes in labor laws, such as eliminating collective bargaining laws and lowering wages in order to provide conditions favorable to attracting foreign investors. The IMF's mantra of "labor flexibility" permits corporations to fire at whim and move where wages are cheapest. According to the 1995 UN Trade and Development Report, employers are using this extra "flexibility" in labor laws to shed workers, rather than create jobs. In Haiti, the government was told to eliminate a statute in their labor code that mandated increases in the minimum wage when inflation exceeded 10%. By the end of 1997, Haiti's minimum wage was only $2.40 a day, just one-fifth of the minimum wage in 1971 in real terms. Workers in the U.S. are also hurt by IMF policies by having to compete with cheap, exploited labor. Two years ago, the IMF's mismanagement of the Asian financial crisis plunged South Korea, Indonesia, Thailand and other countries into deep depression that led to the creation of 200 million "newly poor." The IMF advised countries to "export their way out of the crisis." Consequently, the dumping of Asian steel in U.S. markets resulted in the layoffs of over 12,000 steelworkers.
7) The IMF's policies hurt women the most
SAPs make it much more difficult for women to meet their families' basic needs. When education costs rise due to user fees, girls are the first to be withdrawn from schools. User fees in public health facilities make it unaffordable to those who need it most. The shift to export agriculture also makes feeding one's family increasingly difficult. Women have also become more exploited in the private sector workforce as regulations are rolled back and sweatshops abound. The general lack of economic opportunity has meant an increase in prostitution and other black market jobs and indentured servitude.
8) IMF Policies hurt the environment
IMF loans and bailout packages are paving the way for natural resource exploitation on a staggering scale. The IMF does not consider environmental impacts of lending policies; and environmental ministries and groups are not included in policy making. The focus on export growth to earn hard currency to pay back loans means unsustainable liquidation of natural resources. Government cutbacks inevitably target the environmental ministry as one of the first agencies to come under the budget axe. This happened with the bailouts of Brazil, Indonesia, and Russia--countries that are renowned for their great biodiversity.
9) The IMF bails out rich bankers, creating a moral hazard and greater instability in the global economy
The IMF pushes countries to dismantle trade and investment rules, as well as raise interest rates in order to lower inflation. The removal of regulations that might limit speculation has greatly increased capital investment in developing country financial markets. More than $1.5 trillion crosses borders every day. This capital is short-term, unstable, and puts countries at the whim of financial speculators. The Mexican 1995 peso crisis was partly a result of these IMF policies. When the bubble popped, the IMF and US government stepped in to prop up interest and exchange rates, using taxpayer money to bailout Wall Street bankers for their high-risk investment. This encourages investors to continue making risky, speculative bets, increasing the instability of national economies. Furthermore, during the bailout of Asian countries, the IMF restored rich people's profits while implementing policies that threw people out of work and increased poverty. Asian governments were required to assume the bad debts of private banks, thus making the public pay the costs and draining yet more resources away from social programs and real development.
10) IMF bailouts deepen, rather then solve, economic crisis
During financial crises, such as with Mexico in 1995 and South Korea, Indonesia, Thailand, Brazil, and Russia in 1997, the IMF stepped in as the lender of last resort to "bail out" countries with huge loan packages. Yet the IMF bailouts in the Asian financial crisis did not stop the financial panic--instead, the crisis deepened and spread to more countries. The policies imposed as conditions of these loans were bad medicine, causing layoffs in the short run and undermining development in the long run. In South Korea, the IMF sparked a recession by raising interest rates and lowering the currency, resulting in more bankruptcies, increased unemployment, and government spending cuts. Under the IMF-imposed economic reforms after the peso bailout in 1995, the number of Mexicans living in extreme poverty increased more than 50% and the national average minimum wage fell 20%.
Arya Samana 9 years ago
Another idiot talking about the Ghanaian economy being saved by IMF hard loan. How many times have you used IMF in the past decades and how has this contact helped the nation in the long term! Why not go to China or Russia fo ... read full comment
Another idiot talking about the Ghanaian economy being saved by IMF hard loan. How many times have you used IMF in the past decades and how has this contact helped the nation in the long term! Why not go to China or Russia for their soft loans, you fools! Think, friends, think!
Ghanaians must kick out these thieves now
What a country! What President!
GHANA HAS BEEN RAPED BY NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A NATIONAL COURT OF JURISDICTION TO PUT MAHAMA AND HIS CABINET ON TRIAL. GHANA'S HOPELESS ECONOMIC SITUATION, TODAY, IS TOTALLY UNACCEPTA ...
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Our national economic setback is the NDC. A bunch of clueless tugs who, for almost 25 years, have milked the country dry and managed to destroy every attempt to achieve economic independence.
HEADING FOR DISASTER LIKE YOUR ILL FITTING SUIT AND UGLY DENTURES
I am surprise to hear Mr. Osafo Maafo talking. He was calling one NPP guy I know very well to his house on weekend to give him government Contract, just to make sure that his share of the money will get to him. I will advise ...
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Ghanaman! Wait till you get to Osafo's age to see whether you will even have dentures to wear. Show some respect for the elderly when contributing on this medium. It pays to be polite when addressing somebody who's older than ...
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Call or whatsapp us on 0244717600 to send you latest pictures of yellow n white wedding n engagement gold rings to choose from.....can also search samo jewellery on facebook,instagram,twitter for more pictures to choose from. ...
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Rawlings staged a coup against Liman because he went to IMF, according to Zayab in his book, and Acheampong overthrew Busia because he went to IMF for bailout. Today, the Leftists PNDC is going to IMF just like Rawlings who t ...
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THANKS TO MAHAMA AND NDC LOSERS
It's our reckless spending, corruption and thieving in the past by all governments that has landed us here.
Will Osofo Mafu tell us where he got the millions of dollars he used in paying for all those houses be bought in C ...
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you this guy u always talk shit on this platform. it maybe that
1. you did not attended school.
2. you are not socialized
3. your parents did not natured u well
4. you dont have any elderly person in ur family.
Resp ...
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KWASEA YOU DID NOT ATTENDED SCHOOL DID NOT NATURED WHO TAUGHT YOU THAT AND IN WHAT SCHOOL?.
THEY THINK THEIR "AKOFO ADDO WILL COME AND GIVE "MANNA FREE" LAZY PEOPLE!!
At least the loan in not from barber's shop and it will help pay for the sanitary pads for the prostituting Akan/Asante NPP mothers and their daughters. the sanitary pads will plug the smelly Virginal ebola emanating from the ...
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Go and borrow and share among the NDC and NPP while the poor are suffering. It has been going on for 25 years. Borrow for everything including menstrual pads. Haba! Haba! We cannot use our brains with abundant natural resourc ...
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all politicians right from independence have never legislated in our [Ghana]interest. They sell our gold long before it is mined, our cocoa long before it is harvested, payment for the oil has already been paid for before pro ...
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Yes, Nana Akufo Addo won't come and give manners from heaven for Ghanaians. However, prudent economic measures is the only way Ghana can get out of this economic mess NDC government has created.
NDC has been ruling Ghana ...
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From the time of their wasteful revolution to the government of John Maham, NDC party has developed a culture of stealing and looting. It is dangerous for our country. NDC party has thinking that the NDC government officilas ...
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So J J Rawlings, Mr " probity and accountability" murdered people , destroyed businesses, sold industries built by the greatest visionary, Dr Kwame Nkrumah, seized assets of people and replaced it with what? He replaced it wi ...
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You took Ghana to HIPC and even told us that 'if you like it or not you are HIPC' Osafo marfo this. very said indeed
OSAFO MAFO WO MAAME TWE YOU TOOK THE HIPC LOOK AT HIS FACE WITH HIS SMELLING MOUTH, TRY TO CLEAN YOUR TOOTH ELSE EBOLA.
Please study well and stop insulting People, this will not help you and Your fellow Ghanaians. When did Ghana go for HIPC? Who was rulling the country then? How long did it take kuffour to take Ghana to HIPC after getting Pow ...
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WHERE IS OSAFO MAAFO'S SUIT BREASTPOCKET RIGHT OR LEFT?IS IT THE SAME THING HAPPENING TO OUR ECONOMY WHERE SOME SAY GO RIGHT AND SOME SAY GO LEFT!!!
We have a big problem with Mahama's small, small boys with basic knowledge in economics trying to manage Ghana's economy. All they know is "opportunity cost".
Their understanding is that they have the opportunity to loot an ...
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KOFOUR SHARE IT WA WA WHILES NANA EBOLA AKUFO ADDO WAS BUSY PLANING HIS RITUAL KILLINGS.
You know without IMF, weak, clueless Mahama would not implement a thing. At least something would be done for the betterment of Ghana in the long run. They will force Mahama to do the right thing for the country. I think the ...
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REMEMBER AT LEAST MAHAMA MAY BE CLUELESS WITH MANAGING THE ECONOMY BUT HE IS NOT CLUELESS WITH CORRUPTION, CREATE LOOT AND SHARE.
Only brainless fools still put faith in this thievery administration. Read cnn money & financial times to see what others are saying about this useless government who came in power to destroy the nation.
OUR PROBLEMS ARE CORRUPTION AND MISMANAGEMENT
MAHAMA AND NDC EVEN AFTER THE IMF BAILOUT WOULD STILL NOT DO RIGHT. THEY WOULD STILL CONTINUE WITH THEIR CORRUPT PRACTICES AND EVERYTHING WOULD BE MESSED UP AGAIN. NO MATTER THE NUMBER OF TIMES NDC LED MAHAMA GOVT GOES TO TH ...
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Can Osafo marfo tell Ghanaians why he was fired?
If you put yourself in a hole then you may need discredited organization like the IMF to bail you out.
Is Fiifi Kwetey listening. As a serial caller, he insulted very competent economist like Osafo Marfo. Now he has been rewarded with a ministerial appointment and look at where we are. I'm surprised he was not kicked out of go ...
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Do you remember Kuffour and his looting brigade? They all became rich over-night - millionaires from looting the state. How about that?
Do you mean those who got us out of HIPC when JJ RAWLINGS and KWESI BOTCHWEH mismanaged the economy just like Mahama, Terkper and Fiifi Kwetey are doing? Has there been a time in the history of Ghana when corruption has been ...
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We need to find out how we got here in the first place. We can't go to the IMF with all their conditionalaities, get better, mismanage and go back. This is what happens when students are put in charge of the country's economy ...
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Perhaps one of the "conditionalities" would be to get rid of the "students" in charge and hire real experienced managers. Mahama needs hand holding, that is why IMF loans work better than the other loans.
Perhaps one of the "conditionalities" would be to get rid of the "students" in charge and hire real experienced managers. Mahama needs hand holding, that is why IMF loans work better than the other loans.
I am very surprised that Rawlings has kept quite over the sad state of Ghana's economy. If he wants to be an elder statesman, he should at least make an attempt to be objective. He is actually confirming what the opposition h ...
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THIS IS PURE LANGUAGE,WELL DONE!.THE TOOTHLESS TIGER IS NOW BLIND HE CAN'T SEE NOR ROAR.
You blame JJ for talking and you blame him for silence? Something is wrong. How about Kuffour? Take some medication and get some sleep and stop blaming Jj for your sickness too?
I am not blaming him for talking and for being silent. If he is going to be silent, he should be silent to all not to a select group, especially in a country that is so divided along tribal and political lines. If he is going ...
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Mr Osafo Marfo, The problem we are facing with the Ghana economy are 3 things.
1.Incompent hands are managing our economy
2.The wrong economic fundamentals and approach are being used to recover the economy.
3.The preside ...
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What are we doing this Ghana?All that we are doing is put Ghana into more debts?Ever since Independence all that we do is go for Loans which finally ends up in peoples personal accounts.The country has nothing to show for all ...
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ADMISSION INTO SHS 1, 2 AND REMEDIAL SCHOOL FOR 2014/2015 ACADEMIC YEAR.
It is announced for the information of prospective applicants that Cambridge Senior High School is admitting students into SHS 1, 2 and the Remedial ...
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This IMF loan will only go to corrupt and incompetent NDC officials. Mahama is clueless about nation building or fixing the economy. These no-nothing officials will embark on projects that yields no dividend to the country ...
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If the boat sinks we all going to die together so is needless at this critical stage for the opposition to pray that we all die.This does not speak well of them either.Thank you.
npp wants Ghana to fail Do you not understand " ungovernable"
Mahama has mess up a lot but this present mess was caused by JJ administration, Kuffour Governemnet Mills and now Mahama. You should all shear the blame, You are all guilty. All politicians -NPP, CPP, NDC. PPP -You are all li ...
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The Mahama led NDC gov't has sent Ghana over the cliff a long time ago, and the predictions made by Dr. Bawumia about two and a half years ago, are playing out vividly like a 3-D movie on account of the sheer incompetence, cr ...
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Shut up You all stole money
HE IS ONE OF THE SO CALLED FAILED POLITICIAN IN GHANA.
IS THIS MAN AWARE THAT, WHEN A NATION EXPORTS ''ONLY''' RAW MATERIALS AND TO EARN ITS HARD CURRNCY AND ARE DRAINED BY RETAIL TRADERS FOR THEIR IMPORTS(BUYING AND SELLI ...
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NDC,MAHAMA LOOT AND SHARE,THEIR ALL FOOOOOOLS,SHAAAAAME ONTO THEM,
Mr Osafo Marfo, The problem we are facing with the Ghana economy are 3 things.
1.Incompent hands are managing our economy
2.The wrong economic fundamentals and approach are being used to recover the economy.
3.The presi ...
read full comment
Yes, some times a desaster is healthy. Take a look at WW2 and it`s effect on Germany. The total destruction of a Nation has turned into a blessing. Ghana must go down the drain to re-errect as a strong nation!
Yes, often adversity creates necessary condition for improvement. However, self-inflicted wounds like improverishing your own people through wanton stealing of the national wealth is not the type of adversity that often resul ...
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Look, before the WW2, German had trams and underground railways - meaning it was very well technically advanced then. For instance, Germany introduced the Health Insurance System to the world in 1883 and the system is stll o ...
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.. the white man is stealing all our resources, bla, bla, bla.."
The reserves right now are 4.4 billion dollars down from 5.6 billion dollars! Stop spreading lies... is 900 million how much you NPP criminals intend to leave??
If Ghana does have 4.4 billion dollars why are we so broke ??? Mr. Donkey think and stop hating.
muslim or an ahmadi?
And what has being a Muslim or ahmadi got to do with this article?
Don't forget what Kuffour said in power about corruption against his Government of looters. He said, " Corruption is a personal perception". I hope that was acceptable to NPP then but not now?
I think, corruption is still a ...
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Yes NPP government was also corrupt and like any previous government of Ghana. But here is the difference, the economy grew at 14%. The cedi was stable etc. While I don't condone these behaviors; you NDC fools need to be ho ...
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The IMF must NOT bail Ghana out.WOYOMEAND OCANSEY looted the treasury.What happened to the cars ordered for Ghana at 50 yrs.High ranking Govt officials walk away with tax payers cars when they leave office.There are too many ...
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WE NEED ANOTHER "RAWLINGS" to clean up the system Go in to politics if you want to be rich.Too many people with dirty hands.No IMF bail out
He can solve the problem without IMF
The conditions for IMF financial support will be fiscal and monetary discipline.The Government has been reckless in spending and borrowing. Lets see whether they will have the gut to tell the IMF those cock and bull stories a ...
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CURUPTION STARTED FROM ADAM EVE
THE ECONOMY IS TURNING AROUND. THE ECONOMY IS RECOVERING. U.S INVESTORS ARE COMING TO GHANA IN DROVES. HONESTLY, THE U.S INVESTORS ARE BETTER THAN THE CHINESE. THE U.S WILL ROB YOU WITH ONE HAND. THE CHINESE WILL ROB YOU WITH ...
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With all these mess, NDC still does not admit they have failed to manage the economy in a prudent way.
“From 2008 even without oil, our GDP was 8.4 and it rose to 14 in 2011 when we discovered oil. But even with oil inclusive, it has currently dropped to 6% so the question we must ask ourselves is that if we hadn’t found t ...
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IMF LOANS ARE NOT DESIGNED TO BAIL OUT AFRICA'S HOPELESS ECONOMIES.
IMF AND OTHER LOANS ARE NOT BAILOUTS BECAUSE THEY COME WITH INTEREST RATES AND MANY DIRE ECONOMIC CONSEQUENCIES, PARTICULARLY AFRICA'S HOPELESS AND UNSUST ...
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Few years ago, ghana was the beacon & hope for africa but now, all is lost due to mismanagement & corruption. Sad how we've taken many steps backward.
ECONOMY IS BUILD FROM THE BOTTOM,THE IMF BAILOUT WILL ONLY BAILOUT GOVEMENT WORKERS IF OUR IMPORT EXCEED EXPORT THERE WILL BE KNOW CHANGE.
SO. MAHAMA HAS REALLY STOLEN ALL OUR MONIES, IS ABOUT TIME WE MUST PUT THAT THIEF INTO TRAIL PERIOD
OH MY GOD SO MAHAMA IS SO A THIEF
Ghanaians are not matured to rule themselves. After 57yrs of independent, what an awful people.
Without oil Ghana had foreign reserves of $3.2B, and with oil flowing under NDC we reserves of 900m
Why this great disparity? It is simply due to NDC looting. Judgement debt this and that.SADA,SUBA, ISOFOTON,WATERVILLE.el al ...
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We knew all and voted them into power.
We no see nothing yet.
Ghana for sale
Anyone who voted for NDC with their stomach, should bow down their heads in shame. This is the type of government that tricked you with a cedi for your vote and here you are gnashing your teeth in disbelief.
I have been ...
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op Ten Reasons to Oppose the IMF
from Global Exchange
WHAT IS THE IMF?
The International Monetary Fund and the World Bank were created in 1994, shortly before the end of World War II, at a conference in Bretton Woods ...
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Another idiot talking about the Ghanaian economy being saved by IMF hard loan. How many times have you used IMF in the past decades and how has this contact helped the nation in the long term! Why not go to China or Russia fo ...
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