Gov’t goes for $2.2Bn loan

Read Article

Comments (48)

This article is closed for comments.

Read Comments Comments (48)

kyekyeku 9 years ago

We have gold, oil , timber, cocoa and more. black man has no sense.

We have gold, oil , timber, cocoa and more. black man has no sense.
TORRE 9 years ago

WE KNOWMHOW MUCH YOU MEAN FOR US; NOT THAT THOSE YOUR SELFISH PEOPLE BACK HOME

WE KNOWMHOW MUCH YOU MEAN FOR US; NOT THAT THOSE YOUR SELFISH PEOPLE BACK HOME
BNA 9 years ago

NPP WILL SURELY COME AND PAY ALL THESE DEBTS

NPP WILL SURELY COME AND PAY ALL THESE DEBTS
The mask 9 years ago

The Takoradi Poly Students who were sacked for applying with fake certificates must be prosecuted in a court of competent jurisdiction. Just sacking them is not enough.

Nowadays businesses and government organisations have ...
read full comment

The Takoradi Poly Students who were sacked for applying with fake certificates must be prosecuted in a court of competent jurisdiction. Just sacking them is not enough.

Nowadays businesses and government organisations have stopped demanding Secondary School Certificate or Basic Education Certificate.

Each of these certificates are important. For example for many tertiary graduates the only certificate that can tell whether one can speak good English or whether one has adequate knowledge of Mathematics is the Secondary School Certificate.

Similarly the only certificate that can tell whether a tertiary graduate has basic knowledge of Ghanaian history, culture, agriculture and the basic geography of West Africa is the Basic Education Certificate.
jolly B 9 years ago

you can have him like nkrumah

you can have him like nkrumah
TORRE 9 years ago

FUCK OF AYE: PAYE

FUCK OF AYE: PAYE
True Talk 9 years ago

Would someone please tell us why the Accra -Kumasi Road has been neglected??? The economic loss to the country due to the state of this road is immeasurable. Someone will surely pay oneday oneday!!

Would someone please tell us why the Accra -Kumasi Road has been neglected??? The economic loss to the country due to the state of this road is immeasurable. Someone will surely pay oneday oneday!!
ADUANABA OGYA 9 years ago

ACCRA KUMASI CAN GO TO HELL. WHAT ABOUT THE OTHER REGIONS GO TO HELL OKYEHENE AND YOUR AKUFO EBOLA ADDO. FORWARD EVER

ACCRA KUMASI CAN GO TO HELL. WHAT ABOUT THE OTHER REGIONS GO TO HELL OKYEHENE AND YOUR AKUFO EBOLA ADDO. FORWARD EVER
ADUANABA OGYA 9 years ago

ACCRA KUMASI CAN GO TO HELL. WHAT ABOUT THE OTHER REGIONS GO TO HELL OKYEHENE AND YOUR AKUFO EBOLA ADDO. FORWARD EVER NSAWAM ABURI MUST BE DONE

ACCRA KUMASI CAN GO TO HELL. WHAT ABOUT THE OTHER REGIONS GO TO HELL OKYEHENE AND YOUR AKUFO EBOLA ADDO. FORWARD EVER NSAWAM ABURI MUST BE DONE
ADUANABA OGYA 9 years ago

ADEISO BOJIASE NEEDS ATTENTION FOR THE GOOD PEOPLE OF THE AREA ACCRA KUMASI FOR WHAT LET OKYEHENE USE SOME ILLEGAL MINING MONEY TO FINISH IT

ADEISO BOJIASE NEEDS ATTENTION FOR THE GOOD PEOPLE OF THE AREA ACCRA KUMASI FOR WHAT LET OKYEHENE USE SOME ILLEGAL MINING MONEY TO FINISH IT
Afari 9 years ago

Please consider this road as well!

Please consider this road as well!
DusTY-FooT-pHiloSophER 9 years ago

Do you actually believe this bullshit from the Daily Guide?

Do you actually believe this bullshit from the Daily Guide?
DAVID OSEI 9 years ago

"Meanwhile, some Minority Members of Parliament in the Eastern Region, particularly the MP for Ayensuano, Samuel Ayeh-Paye and MP for Nsawam/Adoagyiri, Frank Annoh-Dompreh, have raised serious concerns saying they did not und ...
read full comment

"Meanwhile, some Minority Members of Parliament in the Eastern Region, particularly the MP for Ayensuano, Samuel Ayeh-Paye and MP for Nsawam/Adoagyiri, Frank Annoh-Dompreh, have raised serious concerns saying they did not understand why the government did not give priority to a major road like the Accra-Kumasi highway portions of which are still under construction six years after the contract was awarded".

This is pathetic, Ghana. This is not the first time monies have been allotted to the construction of roads in the country - and all these have been approved by parliament which means both the NDC, NPP and the others from the other parties all agreed to the selection of these roads and of course no one bothered about the Accra - Nsawam - Kumasi -Tamale Highway. Can the votes be made available so that concerned citizens may know who voted for what.
Our so called "Honorable" members of Parliament, who are supposed to do the best for the country are doing basically nothing at their posts. Just consider the foodstuff that comes to the capital from the Northern part of the country. Do we even know that if our roads are very good, food will be very cheap all over the country? Do these parliamentarians know that if the major roads Accra-Kumasi - Brong Ahafo- Tamale roads are made first class, the country would be saving a lot of money each and everyday from the patching of roads that are washed away the very next day by a rainstorm.
Lets put up our thinking caps and do that which is right for mother Ghana and her children.
Not only the parliamentarians but ex President Kuffour should also be blamed - if not 90% of the time.
He thought that fixing all the back roads in the Volta Region was going to get his party the votes for them to continue to be in power but thanks be to God, the Voltarians were smart to show the party that they were no fools to vote for the NPP. Its been over 8 years after he left power and still, the most important Highway (Inter- Regional)in the country that needed to be constructed is still in the poorest of state. Where is Kuffour's legacy?
You people all hated Kwame Nkrumah but you all will bear with me that the slogan -Nkrumah never dies- is sounding louder these days than even when he was alive.
Ghana, let us make our parliamentarians and our Presidents accountable for their work and if they cannot give any sensible report, they have to be imprisoned. After all they get paid to work for the Nation and if nothing good is coming from their services, why don't we hold tham accountable?
mm 9 years ago

wise talk am with you brother and hope it will be done soon.However teel your people tobe hamble when they are talking the president is there for all of us

wise talk am with you brother and hope it will be done soon.However teel your people tobe hamble when they are talking the president is there for all of us
kk 9 years ago

.... then any stupid person can be a president or a parliamentarian

.... then any stupid person can be a president or a parliamentarian
TORRE 9 years ago

WELLDONE MR: PRESIDENT

WELLDONE MR: PRESIDENT
NPP FANATIC 9 years ago

DONT WORRY, NPP WILL FINISH THAT ROAD IN 2020...WITH THEIR UNENDING SUPPLY OF COCAINE MONEY...OF COURSE, THEY'LL HAVE TO FIND SOMEONE OTHER THAN AMOATENG TO DO THAT RUN TO THE U.S.

DONT WORRY, NPP WILL FINISH THAT ROAD IN 2020...WITH THEIR UNENDING SUPPLY OF COCAINE MONEY...OF COURSE, THEY'LL HAVE TO FIND SOMEONE OTHER THAN AMOATENG TO DO THAT RUN TO THE U.S.
david 9 years ago

No wonder.Uncivilize person talking trash.If NPP deals in cocaine,what about NDC?Did you ever study economics in school?I guess you did not and even if you did,i believe you are a crack head son of a bitch so you dont know sh ...
read full comment

No wonder.Uncivilize person talking trash.If NPP deals in cocaine,what about NDC?Did you ever study economics in school?I guess you did not and even if you did,i believe you are a crack head son of a bitch so you dont know shit
jolly B 9 years ago

hehee

hehee
Concerned 9 years ago

Which government body monitors all the loans approved within a financial year and monitors the projects they have been obtained for. The opposition should keep a record of all that as well as members of the current government ...
read full comment

Which government body monitors all the loans approved within a financial year and monitors the projects they have been obtained for. The opposition should keep a record of all that as well as members of the current government if they are honest so that they can provide the answer to what have you done with all the loans
Joe Turkey 9 years ago

Yep, just in time for the NDC campaign expenses. Why would they even start new road works when they have not even completed those that are in progress and rendered immotorable. A case in point. The so-called Eastern Corridor ...
read full comment

Yep, just in time for the NDC campaign expenses. Why would they even start new road works when they have not even completed those that are in progress and rendered immotorable. A case in point. The so-called Eastern Corridor has been unusable for the past two years for lack of money. Whole food-producing communities have been cut off. Reports say the Chinese contractors have even sent up tents in the middle of the roads. And this are places they impregnate the girls - under tent in the middle of the road.
Ametofe kudjo 9 years ago

Where is the oil money?Is Ghana cursed under Ndc or what? Let us cry for the future generations.What did they do with the $35billion already spent?God is watching.Continue borrowing.

Where is the oil money?Is Ghana cursed under Ndc or what? Let us cry for the future generations.What did they do with the $35billion already spent?God is watching.Continue borrowing.
Campaign Against Corruption 9 years ago

After reading about the massive corruption in the government payment system and back-handers collected everyday by government officials, the government should humbly support the BNI to unearth for them where the leaks in publ ...
read full comment

After reading about the massive corruption in the government payment system and back-handers collected everyday by government officials, the government should humbly support the BNI to unearth for them where the leaks in public coffers are, so that they recover them and use the funds for public goods. More, the size of government employees should be halved and the displaced persons should be retrained under massive training and vocal programs. The private sector should be encouraged through tax incentives to hire the newly trained and vocal graduates.
Shaibu naiza from libya liv in tafo z 9 years ago

Mahama u are fool paaa were is the oil and gold and teix money

Mahama u are fool paaa were is the oil and gold and teix money
Mick 9 years ago

You are rather fool, Ghana has 13% of Ghana oil and only 5% of Gold thanks to NPP corrupt deals. What do you want govt to do, you fool.

You are rather fool, Ghana has 13% of Ghana oil and only 5% of Gold thanks to NPP corrupt deals. What do you want govt to do, you fool.
Shaibu naiza from libya liv in tafo z 9 years ago

This loan will not help hes mahama

This loan will not help hes mahama
Paul 9 years ago

Overpas, bye-pass, flyover, interchange,but we don't have roads to bring foodstuffs from the hinterland.What is our priority on roads?

Overpas, bye-pass, flyover, interchange,but we don't have roads to bring foodstuffs from the hinterland.What is our priority on roads?
Maame Abena 9 years ago

These loans are purely for stealing for the 2016 election.
If Mahama the chief thief really wants to fix roads, he will fix and expand Accra to Kumasi road.
Mahama and the Accra mayor are screwing Ghanaians and must be stop ...
read full comment

These loans are purely for stealing for the 2016 election.
If Mahama the chief thief really wants to fix roads, he will fix and expand Accra to Kumasi road.
Mahama and the Accra mayor are screwing Ghanaians and must be stopped.
Zoobie-Zoobie 9 years ago

cannot understand why these fools will not fix ACCRA-KUMASI road

cannot understand why these fools will not fix ACCRA-KUMASI road
good jugdement 9 years ago

Eii what is happening to Bogoso Tarkwa, Tarkwa to Damang through to praso, Essiama to Simpa junction. why Accra Accra Accra? mahama.

Eii what is happening to Bogoso Tarkwa, Tarkwa to Damang through to praso, Essiama to Simpa junction. why Accra Accra Accra? mahama.
duke 9 years ago

The Nsawam Suhum Kumasi road which in terms of the economy is the busiest and most productive road appears to have been ignored for the past year by Mahama's government. I wonder where the interest and priority of this gover ...
read full comment

The Nsawam Suhum Kumasi road which in terms of the economy is the busiest and most productive road appears to have been ignored for the past year by Mahama's government. I wonder where the interest and priority of this government lie??
G. K. Berko 9 years ago

Why is this Government so intent on sinking the Nation in debt? How much more Loans do we need for the Administration to realize we have had enough of debt load?

Meanwhile, we can hardly find anything of substantial signif ...
read full comment

Why is this Government so intent on sinking the Nation in debt? How much more Loans do we need for the Administration to realize we have had enough of debt load?

Meanwhile, we can hardly find anything of substantial significance that the Loans have been used for.

Schools still are left under 'Baobab trees'. Hospitals still struggle with inadequate supplies. Staff of many Institutions, especially the Education sector, still have not been paid their salary arrears. Roads are largely neglected. Our Cocoa is left in the rural buying centers to rot, encouraging Smuggling of the produce to neighboring Countries. Our Cities are drowning in sheer garbage. Our primary International Airport in the National Capital, Accra, remains a bare dusty, dry, red soil parchy ground only befitting a temporary rural Air-strip.

Meanwhile, Officials of the Government and their cronies are said to be swimming in looted State Funds and building or buying themselves humongous modern Mansions and luxury Vehicles, including private Jets. Our Gold is smuggled out of the country in Plane Loads. Our forests have been decimated and now we are to import Wood to build our homes and furniture. Forestry personnel are under siege and daily face fatal risks from encroachers and poachers doing illegal lumber and wildlife extractions, respectively.

What in God's name has the Council of State been doing all these years? For a Middle-Class Country as we claim to be now overtaken by Cholera of all diseases and resulting in fatalities, in this day and age, indicts the Administration, the Parliament and the Council of State. These sets of leaders have unforgivably failed us.

I am not sure whether the very sounding of the bell to announce that we discovered Oil was a clarion call for these heartless greedy folks to rush to grab and loot as much of our State funds as they could before the rest of us wake up to our senses for having made a terrible mistake to give them the chance to lead us.

The deafening silence of the Council of State on all the Corruption and gross mishandling of our Economy, and the continuing decay of our Infrastructure with its attendant lack of Utility Services, especially Water and Electricity, is tempting to demand for an immediate recall of all our MPs, the dissolution of the Council of State and the resignation of the Government in Power.

Were the Executive any serious it would declare a state of emergency to revamp its Cabinet, sack all the heads of unproductive Institutions, and possibly call for early Elections to have better team of patriots to take over the governance of the Nation.

Having been chided by the Media and the Public only last week for borrowing about $29 BILLION in nine months with nothing to show for, we have just heard the Administration is poised to borrow additional $2.9 BILLION!! For what? To share among its cronies, again?

I bet we need fire-brand Lawyers who could push the Hague to consider rounding up our Leaders for crimes against Humanity. If the Head of CHRAJ of all Institutions could be so vulnerable to such gross indiscretion as we recently learnt, what other Institution can currently be trusted in Ghana to help straighten up our mess? One might not be far from right to suggest that the Administration seems to have deliberately sat aloof to let all others grab as much as they can from the State so that no one would have the moral justification to go after it as it scoops its lot.

Yet, the leadership has the audacity to claim to be Christian. What an effontery! Our Leadership cannot hide behind the cloak of the benefit of forgiveness-upon-confession-of-sins in the Christian Doctrine to keep looting until there is nothing else to loot. Even God has His limit of patience, and would not allow persistent sinning go unpunished. And we, other Humans of Ghanaian Citizenry, may soon act to reflect our fill for the Government's blatant neglect of Justice for the Nation.

While the IMF has not even finished its making its decision on whether or not to bail us out, the Administration is ready to borrow some more from elsewhere? What does the Administration think that would do to our Economic rating by the Fitchs and Moodys, etc., and the level of our GHC?

We were hoping the IMF bailout were to mark the ceiling-off of all inept and corrupt management of our finances. And here we are hearing the Administration is set to press the Accelerator down harder to rush us into the pit!

Enough is enough!!

Long Live Ghana!!!
Brobbsnet-USA 9 years ago

Ghanians have elected an Economic-terrorist as president.

Ghanians have elected an Economic-terrorist as president.
FILLA TUSAL 9 years ago

THIS SO CALLED MP IS VERY NAIVE. HE IS AN IGNORANT MP. WHAT ABOUT THE OTHER ROAD PROJECTS IN OTGHER PARTS OF THE COUNTRY> DOES HE MEAN THAT KASOA PEOPLE ARE LESS IMPORTANT THAN THOSE IN KUMASI OR SUHUM? HE IS FOOLISH IN HIS A ...
read full comment

THIS SO CALLED MP IS VERY NAIVE. HE IS AN IGNORANT MP. WHAT ABOUT THE OTHER ROAD PROJECTS IN OTGHER PARTS OF THE COUNTRY> DOES HE MEAN THAT KASOA PEOPLE ARE LESS IMPORTANT THAN THOSE IN KUMASI OR SUHUM? HE IS FOOLISH IN HIS ANALYSIS
OPANIN KWAKU ATTA. 9 years ago

WE ARE DESTROYING OUR CHILDREN,CHILDREN,CHILDREN FUTURE.WHAT ARE WE LEAVING BEHIND FOR OUR GRANDKIDS,WHEN WE ARE GONE?

WE ARE DESTROYING OUR CHILDREN,CHILDREN,CHILDREN FUTURE.WHAT ARE WE LEAVING BEHIND FOR OUR GRANDKIDS,WHEN WE ARE GONE?
Paa Kwesi Thomas USA 9 years ago

This time round, no foreign loan for campaign. It must be used for the purpose for which you went for it. A committee should be set up to monitor how the loan is used.

This time round, no foreign loan for campaign. It must be used for the purpose for which you went for it. A committee should be set up to monitor how the loan is used.
18 years 9 years ago

It's so sad to hear that the president has completely ignored the Accra-Kumasi road project which started 6 years ago. The reason being that people that will benefit the most from the road services ; Easterners and Ashantis ...
read full comment

It's so sad to hear that the president has completely ignored the Accra-Kumasi road project which started 6 years ago. The reason being that people that will benefit the most from the road services ; Easterners and Ashantis did not vote for him and will never vote for him regardless.
Another school of thought is that, he will not get any credit for completing the project since he was not the one who started it.
If this speculation is true, then it is really bad and primitive
MOI 9 years ago

ID HOPE THIS MONEY WOULD BE PUT TO GOOD USE.

ID HOPE THIS MONEY WOULD BE PUT TO GOOD USE.
HAZOR 9 years ago

All the toil and bad governance exhibit by president is to lay the blame at the doorstep on our parliamentarians.Our parliamentarians are not helping Ghana but helping president Mahama to get rich.Parliament should have addit ...
read full comment

All the toil and bad governance exhibit by president is to lay the blame at the doorstep on our parliamentarians.Our parliamentarians are not helping Ghana but helping president Mahama to get rich.Parliament should have additional assignment to their duty of delibrating and approve of loans.Parliament should have both oppositions and ruling members of parliamentarians selected committee that assign to investigate any project propose funding to approved and bring report with evidence on tape to give other parliamentarians the good views to approve the the loan.On sept 15 parliament approve infrustructural investment fund of $250 million and now $2.2 billion loans for infrustructural development.So is the $250 million created for loot and share?Why should parliament delibrated on the $2.2 billion loan without the minister of road,bridges and highways present to plead and answer questions pose to the minister.Our Parliamentarians in August house are doing Ghana harm than good.They are the reason why president Mahama is borrowing unneccessary and we do not get value for our money.Parliament need change how it work.
ASEM 9 years ago

WHY SHOULD ALL OUR DEVELOPMENTS BE IN ACCRA? WHAT A SHAME AND INSULT FOR THE OTHER GHANAIANS WHO DON'T LIVE IN ACCRA AND TAMALE?

WHY SHOULD ALL OUR DEVELOPMENTS BE IN ACCRA? WHAT A SHAME AND INSULT FOR THE OTHER GHANAIANS WHO DON'T LIVE IN ACCRA AND TAMALE?
VIGILANTE 9 years ago

The total sum of money combined from the Eurobond, cocoa loan and this loan amount comes up to $4.9billion dollars.
If you cast your minds back, in the last 2-3months of 2012, a similar such amount vanished into thin air and ...
read full comment

The total sum of money combined from the Eurobond, cocoa loan and this loan amount comes up to $4.9billion dollars.
If you cast your minds back, in the last 2-3months of 2012, a similar such amount vanished into thin air and till today, the "dwarves" at BoG vaults have not managed to tell Ghanaians what they did with it or where they took it.
That amount together with other looted funds was what finally culminated in the statement the "meat has been chewed to the bones" and "Ghanaians have short memory" so we are back to square one again with a similar quantum of money, and the "dwarves" we dare say are jumping up and down with glee in the BoG vaults. Are we saying that those road projects did not have funding and that the contractors pre-financed those projects from 2009 till now? Ghana wake up!!!
Campaign Against Corruption 9 years ago

The parliament should pass a law to ban the government from taking more loans till such a time that corruption and cho-chop of government funds is eradicated completely from the government disbursement and payment system. If ...
read full comment

The parliament should pass a law to ban the government from taking more loans till such a time that corruption and cho-chop of government funds is eradicated completely from the government disbursement and payment system. If parliament fails us, then we the people of Ghana should seek a court injunction to stop the government from taking more loans till every single penny of our oil, gold, cocoa, taxes, past borrowings etc. are fully and accurately accounted for. We should hunt down all ghosts endemic in the public sector payment system.
Kojo 9 years ago

See, they don't get it that's why they'll be serving the Akans.What's important is not important to them .Lack of WISDOM , Common Sense.

See, they don't get it that's why they'll be serving the Akans.What's important is not important to them .Lack of WISDOM , Common Sense.
KOFI 9 years ago

Parliament yesterday deliberated on a loan facility totaling about $758 million for FOREIGN ACCOUNTS FOR MINISTERS in Accra. in addition to a $1.5 billion Chinese loan to also finance CAMPAIGN under NDC Growth and Developmen ...
read full comment

Parliament yesterday deliberated on a loan facility totaling about $758 million for FOREIGN ACCOUNTS FOR MINISTERS in Accra. in addition to a $1.5 billion Chinese loan to also finance CAMPAIGN under NDC Growth and Development Agenda.
Ali mahama 9 years ago

Why all these loans when we have for IMF bailout.".

Why all these loans when we have for IMF bailout.".
jdm loot and share 9 years ago

HMMMMM GHANA PAAA NIE?? KWASEA JDM

HMMMMM GHANA PAAA NIE?? KWASEA JDM
Preacher 9 years ago

Here we are again. NDC's business as usual. Loaning hard cash to fix an ailing economy. where the economists we have in the country. Do we loan to repair a country or we make use of the country's resources to repair. This is ...
read full comment

Here we are again. NDC's business as usual. Loaning hard cash to fix an ailing economy. where the economists we have in the country. Do we loan to repair a country or we make use of the country's resources to repair. This is an udual routine of NDC.
BAFFOUR -- YAW 9 years ago

Accra people should care about Kumasi-Accra road,we do not trade to get money from Accra,pepeni mahama should know very well we have money to fly from our airport.

Accra people should care about Kumasi-Accra road,we do not trade to get money from Accra,pepeni mahama should know very well we have money to fly from our airport.

Gov’t goes for $2.2Bn loan

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 (48)

Read Comments Comments (48)