IMF describes Ghana discussions as “candid” and “constructive”

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JIMMY 9 years ago

WE WILL SEE THINGS THAT WE HAVE NEVER SEEN IN GHANA BEFORE: TIME CHANGES

WE WILL SEE THINGS THAT WE HAVE NEVER SEEN IN GHANA BEFORE: TIME CHANGES
Maame pokuaa 9 years ago

Where did the OIL MONEY go?
What is wrong with most African leaders?
I thought for a long time Ghanaians were not going to hear "IMF" when discussing our finances.

Where did the OIL MONEY go?
What is wrong with most African leaders?
I thought for a long time Ghanaians were not going to hear "IMF" when discussing our finances.
OLD SOLDIER 9 years ago

Author:-PRINCE KWASI ADADE (OFIE)...

HELPLESSNESS, HOPELESSNESS & FEELING OF DESPONDENCY HAVE GRIPPED MANY IN GHANA TODAY.
GHANA HAS BEEN RAPED BY THESE NDC IDIOTS. WE DO NOT NEED ANY NATIONAL ECONOMIC FORUM, WE NEED A ...
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Author:-PRINCE KWASI ADADE (OFIE)...

HELPLESSNESS, HOPELESSNESS & FEELING OF DESPONDENCY HAVE GRIPPED MANY IN GHANA TODAY.
GHANA HAS BEEN RAPED BY THESE 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,BRAZIL WORLD CUP SCANDAL, 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!!!
SGT ANANI FIADZOE 9 years ago

It is too bad for Nana to be praying for Ebola to reach Ghana so that he can get a point to criticise the government. He believes he must get power at all cost.

But are we really surprised at Nana's unpatriotic behaviour? ...
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It is too bad for Nana to be praying for Ebola to reach Ghana so that he can get a point to criticise the government. He believes he must get power at all cost.

But are we really surprised at Nana's unpatriotic behaviour? Nana's father became a CIA Agent in order to sabotage Nkrumah!!! Like father like son. Nana is the number one nation wrecker, very divisive and so greedy that he is happy to torment trouble if that will give him what he wants.
ADWEN 9 years ago

MAHAMA and his NDC below par thinkers are so useless and incompetent such that they sold Ghana again like their JJ Rawlings and nation-wreckers did to Ghana.
Reading what the IMF rep observed and said should have long been i ...
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MAHAMA and his NDC below par thinkers are so useless and incompetent such that they sold Ghana again like their JJ Rawlings and nation-wreckers did to Ghana.
Reading what the IMF rep observed and said should have long been identified if MAHAMA and his NDC dimwits and idiots were competent.
Afiifi 9 years ago

It appears you do not know what you are talking about.Did we see any significant change in the cost of living and general welfare of the Ghanaian, when we first went for the IMF program packages in the 1980's. They were even, ...
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It appears you do not know what you are talking about.Did we see any significant change in the cost of living and general welfare of the Ghanaian, when we first went for the IMF program packages in the 1980's. They were even, ordinary assistance and donor packages. This however, is a bailout. There is a huge difference.
If I should further explain to you, in an economy where productivity is low, and a lot of leakages abound, bailouts don't generate any growth, and for that matter don't yield any benefit to the economy. The benefit of this IMF intervention, is to avail money to the government to use and position itself well for 2016. This is what Ghanaians have to know.
With the current level of corruption at high places, as corroborated by the Auditor General in his report, if radical and revolutionary action is not taken to stem the tide of institutional corruption, abuse, and unrestrained spending, Ghana will be overwhelmed by its loan stock in the coming years.
Even the budget of parliament and their benefits are unreasonable. As such, they are unable to legislatively fight corruption and abuse. As for the executive and its hangers on, they are there for their selfish interest, and not for the interest of the common man.

I will continue with you later.
Ali 9 years ago

The dooms day sooth Sayers are disappointed. The certificate less lawyers, professors, lecturers of the NPP's bomb throwing party are disappointed at the good outcome of the talks. As usual they would do everything t0 sabotag ...
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The dooms day sooth Sayers are disappointed. The certificate less lawyers, professors, lecturers of the NPP's bomb throwing party are disappointed at the good outcome of the talks. As usual they would do everything t0 sabotage the outcome
adanko 9 years ago

Brother stop talking so quickly. Wait till you hear the imf conditionalities

Brother stop talking so quickly. Wait till you hear the imf conditionalities
Kokonsa 9 years ago

If you believe the IMF is interested in your welfare then you must be seriously deluded. Their interest goes only to the extent that you are a profitable entity to them.
What the man said means nothing to the likes of you ...
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If you believe the IMF is interested in your welfare then you must be seriously deluded. Their interest goes only to the extent that you are a profitable entity to them.
What the man said means nothing to the likes of you until it is broken down into lingua that you can appreciate in your pockets.
It's called CORPORATE COMMUNICATION. Don't be fooled! The only way out is to be disciplined with our finances and cut the waste in the system. Until then it's unfortunate but we will be a suffering nation.
Boakye 9 years ago

Have they restored the value of the cedi to its old value? This is common sense and like spill milk can never regain. This cheap propaganda will not wash. The economy will never become as vibrant as Kufour left it.

Have they restored the value of the cedi to its old value? This is common sense and like spill milk can never regain. This cheap propaganda will not wash. The economy will never become as vibrant as Kufour left it.
Ras Bo @ London 9 years ago

You have a short or narrow memory. It is Kuffour who destroyed the Cedi to cover up his deed headed by Bawumia.

If you want to know who is keeping the monies look for Addo Kuffour the current billionaire in ghana and quest ...
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You have a short or narrow memory. It is Kuffour who destroyed the Cedi to cover up his deed headed by Bawumia.

If you want to know who is keeping the monies look for Addo Kuffour the current billionaire in ghana and question him the source of his income.

TUKUL TACKLE
don 9 years ago

Boakye grow up.stay in your little room in london and continue with your labor job

Boakye grow up.stay in your little room in london and continue with your labor job
adanko 9 years ago

What does all this jargon mean to the ordinary ghanaian wjo is suffering so much alredy?

What does all this jargon mean to the ordinary ghanaian wjo is suffering so much alredy?
George 9 years ago

Hahaha IMF again hmmmmm

Hahaha IMF again hmmmmm
Dr Pink sheek 9 years ago

Kudos to the Gov team to made this happen.

Kudos to the Gov team to made this happen.
E. Mensah.Germany 9 years ago

We are finished, this educated fools of our time are playing looted and share games with us, Ghanaians need to wake up on the streets for weeks to show this FOOLS what we can . That is it.

We are finished, this educated fools of our time are playing looted and share games with us, Ghanaians need to wake up on the streets for weeks to show this FOOLS what we can . That is it.
Kwame Poku Ansah 9 years ago

So far as IMF describes Ghana discussions as "candid" and "constructive" does not mean the ailling economy will change within a second.Do you know the conditionalities attachad to it? No wonder NDC has taken some Ghanaians fo ...
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So far as IMF describes Ghana discussions as "candid" and "constructive" does not mean the ailling economy will change within a second.Do you know the conditionalities attachad to it? No wonder NDC has taken some Ghanaians for granted.Lack of knowledge,some Ghanaians are perished.
Alibaba 9 years ago

With this tremendous amount of deficit, ghanaians should vote wisely in next presidential election. Not against their own interest.

With this tremendous amount of deficit, ghanaians should vote wisely in next presidential election. Not against their own interest.
ROLAND A 9 years ago

Constructive and candit because petroleum subsidies would be removed completely for Ghanaians to suffer more, worker retrenchment is also looming, Electricity, water and telephone charges to scale upward. This would brake the ...
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Constructive and candit because petroleum subsidies would be removed completely for Ghanaians to suffer more, worker retrenchment is also looming, Electricity, water and telephone charges to scale upward. This would brake the spine of every Ghanaian. Mahama needs Gods Intervention now
GUY 9 years ago

This ruling NDC Government should wake up to the realities of Good Governance and stop playing politics with the Economy of Ghana. It's only a fool that is blind to what the IMF does. The IMF comes in an economy whose interna ...
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This ruling NDC Government should wake up to the realities of Good Governance and stop playing politics with the Economy of Ghana. It's only a fool that is blind to what the IMF does. The IMF comes in an economy whose international payments are in chronic deficit as a result of poor economic policies. The IMF was not set up to finance domestic government budget deficits. Its loans are earmarked to pay foreign creditors, mainly to maintain a country’s exchange rate. Such loans come with “conditionalities” that impose austerity. This in turn drives the economy even further into debt – forcing the government to tighten the budget even more, run even smaller budget deficits and sell off public assets. The IMF is not father Christmas.
Evil NDC 9 years ago

Nonsense! Who is Dr Kwesi Botchwey?These are all criminal elements, pretending that things are well. Who said these "sugarcoated" words can save the face of Mahama and NDC in this period of economic hardship, skyrocketing pri ...
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Nonsense! Who is Dr Kwesi Botchwey?These are all criminal elements, pretending that things are well. Who said these "sugarcoated" words can save the face of Mahama and NDC in this period of economic hardship, skyrocketing prices of food and commodities, transport fares, water and electricity, school fees, power crises and all? NDC, talkshop! It's true when people say that "Talk is cheap". Realities on the ground don't ever reflect these "sweet" talks and utterances we hear everyday. They're just to throw dust into people's eyes, the usual NDC propaganda. It's only prudent measures that can translate into "bread and butter" for the people. That's what the people crave for, and the reason why they vote people into power. The economy in shambles, being recklessly managed by a so-called "youthful" president and his bunch of corrupt ministers. Today, the economic, social, financial plights of the people, have been worsened more than ever before. The bad opinion that people now have about this failed Mahama-led NDC administration, can't be redeemed. The only way NDC can thrive and survive in the 2016 presidential elections, is to indulge in electoral fraud, in all its dirtiest forms, like they did in 2012, with the support of Afari G, and later with Atuguba, during the election petition verdict. But the good thing is that, evildoers don't always succeed in their wicked endeavours.
Alex London 9 years ago

Do you know what " candid and constructive". This is a diplomatic talk which means IMF is being economical with the truth. No country goes to IMF for a bailout and come home with a smile. Countries go for bailouts when they ...
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Do you know what " candid and constructive". This is a diplomatic talk which means IMF is being economical with the truth. No country goes to IMF for a bailout and come home with a smile. Countries go for bailouts when they have messed up their economies. Ghanaians should expect severe austerity measures. Going forward, perhaps, Ghanaians should learn from the British. In late 1979 in the UK the Labour government led by James Callaghan after mis-managing the economy ran to the IMF for a bailout. And what happened? Labour government was voted out and Conservative party led by Mrs Thatcher the Iron Lady was voted in to sort out the mess. The Brits took a view that there was no reason whatsoever to give the labour government second chance.
Concerned 9 years ago

As far as oye litur is concerned, well targeted social programmes mean promoting gays and lesbians in the country. She should maybe enlist rawlings to join the campaign.
As for the rest of the IMF meeting and outcome, is th ...
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As far as oye litur is concerned, well targeted social programmes mean promoting gays and lesbians in the country. She should maybe enlist rawlings to join the campaign.
As for the rest of the IMF meeting and outcome, is the donkey mahama saying we do not have intellectuals in Ghana to make a more informed analysis. Do we have to call on the white man to tell us what to do every time we have difficulties?
Strengthen our revenue administration is something any idiot could have told the donkey. Remove the tax relief needs to be elaborated for us to know exactly what these white people are saying. Certain sectors do actually need tax incentives to help it grow whilst the mining sector needs to have the tax concessions clawed back as we are just putting money in the hands of foreigners. But I doubt the white man would have asked for mining concessions to be removed.
The donkey cannot rule. The donkey must go
HAWA YAKUBU 9 years ago

Ghanaians should not buy into this plummet from these circus aerialist.

Ghanaians should not buy into this plummet from these circus aerialist.
Dr Robert K Glah 9 years ago

Solutions for Vulnerabilities should be found by Ghanaian economists without resort to the IMF. That approach is self governance.

The two evils of Rising Inflation and
Large Fiscal Deficits on the Domestic and External Fr ...
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Solutions for Vulnerabilities should be found by Ghanaian economists without resort to the IMF. That approach is self governance.

The two evils of Rising Inflation and
Large Fiscal Deficits on the Domestic and External Fronts should be managed by the Finance Minister and the BoG Governor.

The Ghanaian economy does not need military intervention or foreign advice for its proper control and management of the vulnerabilities.

Going to the IMF has a price to pay.
That price could go a long way to balance the economy by reducing the deficits and the vulnerabilities.

My friends, stop to think.
Shaibu naiza from libya liv in tafo z 9 years ago

Even If the cedi and the dollas is one on one 2016 ndc will go

Even If the cedi and the dollas is one on one 2016 ndc will go
Paa Dee 9 years ago

Quote from the article: "Among measures he recommended as possible programmes to be implemented by the IMF over a three-year period are reduction in tax exemptions, strengthened revenue administration and expansion of well-ta ...
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Quote from the article: "Among measures he recommended as possible programmes to be implemented by the IMF over a three-year period are reduction in tax exemptions, strengthened revenue administration and expansion of well-targeted social protection programmes."

What does this mean to the ordinary Ghanaian. More taxes.Many essential items that has low taxes will see the taxes on them raised forcing the poor to be unable to afford. The IRS will be forced to chase people. ECG and Water companies will increase tariffs.

The expansion of targeted social protection programs they mention has to do with allowing homosexuals the freedom to marry and blatantly carry on with their deviant behavior.

Whether that is what we really need is up to us the people.
God have mercy on us.

IMF describes Ghana discussions as “candid” and “constructive”

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