IMF exposes NPP's lies over debt-to-GDP figures

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The mask 9 years ago

The economy is hitting workers hard and many have run out of ideas.

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The economy is hitting workers hard and many have run out of ideas.

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The next version is set to be released in December 2015. Use only the 2012 version.

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Prof 9 years ago

They have nothing good to offer.

They have nothing good to offer.
SGT ANANI FIADZOE 9 years ago

Any body who speaks against NPP is a thief and brigand in our country and such a person needs to be arrested and send to the Teshie Range so as to be sprayed with bullets.

If under useless, rapist and corrupt
Dramani Maha ...
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Any body who speaks against NPP is a thief and brigand in our country and such a person needs to be arrested and send to the Teshie Range so as to be sprayed with bullets.

If under useless, rapist and corrupt
Dramani Mahama, we have Oil, Cocoa, Gold, Diamond, Timber, Bauxite, Manganese and many other resources and with all these resources, we have
to go to the World Bank to borrow $156 million American Dollars for the purposes of purchasing Sanitary Pads
for our girls and our mothers in the
country, imagine what shameful it is
to our nation and the majority people of this nation. NDC does not know shame.
DAVI 9 years ago

THE NDC CAN NEVER DEVELOP GHANA WITH PROPAGSNDA AND LIES.

THE NDC CAN NEVER DEVELOP GHANA WITH PROPAGSNDA AND LIES.
Mahmoud 9 years ago

The so-called professor that tried to embellish Nkrumah's economic record needs to go back to school again. These types of socialists' arguments could deceive Ghanaians in the 50s and 60s but they cannot do that now. Nkrumah ...
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The so-called professor that tried to embellish Nkrumah's economic record needs to go back to school again. These types of socialists' arguments could deceive Ghanaians in the 50s and 60s but they cannot do that now. Nkrumah was the first leader to introduce unsustainable debt into this nation by borrowing massively and unnecessarily to finance his whims and caprices. It was a misfortune that we had such a person as president immediately after the independence. He didn't lay a realistic economic foundation for sustainable development in this country considering the amount of money that was at his disposal in those days.

Ghana had about 1bln dollars in reserve when Nkrumah took over the reins of government in this country. Can you imagine the value of one billion dollars in the early fifties? Again, after 2years of Nkrumah's rue, cocoa prices at the world market rocketed and increased fourfold. But contrary to any sound economic planning, he did not reserve any fraction of the windfall for a rainy day, as the Whiteman had done with only one fourth of the revenue he got from cocoa. So, what did he do with all that money from the astronomical cocoa prices and the big reserve he inherited that took years to build for our future financial stability and sustainable development?

Kwame Nkrumah went on a spending spree both in Ghana and around the world, throwing his weight about and talking big. So when the cocoa prices fell close to the end of his rule, he was quick to point accusing fingers at the West, blaming them for manipulating cocoa prices to sabotage the economy of Ghana and overthrow his government. Finally, after misusing all the money mainly on useless prestigious projects, communist agricultural projects, and whimsical mad-rush industrialization projects, he also burdened the young nation with another billion dollars' debt before he was forced out of this country.

The truth is that, Kwame Nkrumah met a rich country with stable economy and left it nearly bankrupt as a result of gross mismanagement and NDC is about to land us in HIPC again.
Ali 9 years ago

The NPP/Busia/Danquah tradition have been traitors right from the inception of Ghana. They commit treasonable offences against their own country and people for political power.

The NPP/Busia/Danquah tradition have been traitors right from the inception of Ghana. They commit treasonable offences against their own country and people for political power.
okukuseku 9 years ago

AND NATION WRECKRES! NOTORIOUS FOR LYING TO THE PUBLIC BY TWISTING FACTS AND FIGURES.

AND NATION WRECKRES! NOTORIOUS FOR LYING TO THE PUBLIC BY TWISTING FACTS AND FIGURES.
nii 9 years ago

Why should the IMF Write to citti fm ? is the raio station part of the govt team that is holding talks with the IMF? The truth is IMF doesnt deal with radio station ok. its all fallace .its lllie lies again here. when at all ...
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Why should the IMF Write to citti fm ? is the raio station part of the govt team that is holding talks with the IMF? The truth is IMF doesnt deal with radio station ok. its all fallace .its lllie lies again here. when at all will this criminals speak the truth
ASEM WO MANO 9 years ago

They are a bunch of mafia gangsters, like that of the AL CAPONE gangster type, bunch of criminals. Most of them are meant for prison. Where is KESSEBEN the financier of the OPERATION REMOVE MAHAMA by force movement?
What ...
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They are a bunch of mafia gangsters, like that of the AL CAPONE gangster type, bunch of criminals. Most of them are meant for prison. Where is KESSEBEN the financier of the OPERATION REMOVE MAHAMA by force movement?
What A Nation?
Onipaba Sammy 9 years ago

Stop being partisan and face the realities of the state and you can know what good you can do for Ghana to progress

Stop being partisan and face the realities of the state and you can know what good you can do for Ghana to progress
Kojo T 9 years ago

Ignorant people and a bunch of lars

Ignorant people and a bunch of lars
Bomfaboy 9 years ago

Why do mant Ghanains seek to glorify lies, even when the truth stir right in their face?
This writer seem to repeat same message with a misleading header.
Even casual reading reveal that the IMF has jot change it's assert ...
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Why do mant Ghanains seek to glorify lies, even when the truth stir right in their face?
This writer seem to repeat same message with a misleading header.
Even casual reading reveal that the IMF has jot change it's assertion on the figures given by Sajeev Gupta.
2013 is past and gone, we are at the end of 2014. How can any serious person use that as a projection?? The other truth is that since 2013 Ghana has contracted loans in excess of 3billion dollars with virtually nothing to show for it. Gupta said the BOG quoted GDP TO DEBT RATIO projection for 2015 as 60%, which he disputed and gave his figure as 71%. So where does the 2013 figure comes in??
If this is the understanding of NDC then is there any wonder, the serious trouble we find ourselves in this country?
No matter how anybody slice it, the two statements from the IMF does not match. This has nothing to do with NPP . It's rather people like the writer and his NDC cohorts who are lying through their teeth.
Koo kwakye 9 years ago

For as long as NPP cannot tell us how they will make things better for us, I will never ever vote for them. Changing governments merely because of hardships hasn't done us any good.

We brought in the NPP in 2001 and they a ...
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For as long as NPP cannot tell us how they will make things better for us, I will never ever vote for them. Changing governments merely because of hardships hasn't done us any good.

We brought in the NPP in 2001 and they almost killed us with extreme hardships. Next, we changed and brought the NDC. It's even become worst. What shows the NPP will not make it even more unbearable if voted for?

Until the NPP tells us HOW they will do things differently to improve lives, voting for them will be another waste of state monies. Democracy is just stupid for developing nations.
okukuseku 9 years ago

WITH CERTIFICATELESS "LAWYER" TIATIANO
DWARF LILIPO NARCOTIC PIGMY ADOW, ALL THEIR MINDSET IS ON WANTOONLY LOOTING AND SHARING THE RESOURCES OF THE NATION, AS THEY DID BEFORE IN 2001. BUT THAT WILL NOT HAPPEN AGAIN.THEIR TIA ...
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WITH CERTIFICATELESS "LAWYER" TIATIANO
DWARF LILIPO NARCOTIC PIGMY ADOW, ALL THEIR MINDSET IS ON WANTOONLY LOOTING AND SHARING THE RESOURCES OF THE NATION, AS THEY DID BEFORE IN 2001. BUT THAT WILL NOT HAPPEN AGAIN.THEIR TIATIANO SHORTY PIGMY ADOW WILL LOOSE WITH HIS PANTS DOWN, COME ELECTIONS 2016! WHAT A BUNCH OF NATION WRECKERS!!!
Meshack 9 years ago

"Changing governments merely of hardships hasn't done us any good...:" but changing a government because of pervasive stupidity will certainly save this country a lot of nonsense.

"Changing governments merely of hardships hasn't done us any good...:" but changing a government because of pervasive stupidity will certainly save this country a lot of nonsense.
Justice Ibn Hassan, USA. 9 years ago

How can this useless and clueless bunch of nation wreckers continue to try every possible ways to defend the defenseless. Even in the full glare of facts, they still try to submerge the facts instead of keeping their quite an ...
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How can this useless and clueless bunch of nation wreckers continue to try every possible ways to defend the defenseless. Even in the full glare of facts, they still try to submerge the facts instead of keeping their quite and allowing our so-call savior (IMF/WB)to bail us out from the shackles of the mass poverty and malnutrition they have plunged the nation into, they still continue to make noise over the discovery of the packages of lies and lack of competence they presented to the Breton Woods Institute. What even annoys many is their consistent attempt to argue and to justify their incompetence. And who are even the authors of these so-called articles or stories? They must be bold to publish their names in these articles and stop hiding their identities.We are fed-up reading stories with no sources or writers.
okukuseku 9 years ago

WITH CERTIFICATELESS "LAWYER" TIATIANO
DWARF LILIPO NARCOTIC PIGMY ADOW, ALL THEIR MINDSET IS ON WANTOONLY LOOTING AND SHARING THE RESOURCES OF THE NATION, AS THEY DID BEFORE IN 2001.THEY HAVE NO AGENDA, THEY HAVE NO PROGRAM ...
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WITH CERTIFICATELESS "LAWYER" TIATIANO
DWARF LILIPO NARCOTIC PIGMY ADOW, ALL THEIR MINDSET IS ON WANTOONLY LOOTING AND SHARING THE RESOURCES OF THE NATION, AS THEY DID BEFORE IN 2001.THEY HAVE NO AGENDA, THEY HAVE NO PROGRAMME FOR THE DEVELOPMENT OF THE NATION. ALL THEY KNOW IS TWISTING FACTS AND FIGURES TO SABOTAGE ERFFORTS OF THE PRESENT GOVERNMENT BUT THAT WILL NOT HELP THEM.THEIR DIRE QUEST FOR POWER WILL FAIL AGAIN. THEIR TIATIANO SHORTY PIGMY ADOW WILL LOOSE ABYSMALLY> WITH HIS PANTS DOWN, COME ELECTIONS 2016! WHAT A BUNCH OF NATION WRECKERS!!!
Onipaba Sammy 9 years ago

NDC thinks governance is a mere debate where they wait to forge counter comments to any issues raised about their poor performance. We Patriotic Ghanaians are watching them steadily and incoming elections will decide. If the ...
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NDC thinks governance is a mere debate where they wait to forge counter comments to any issues raised about their poor performance. We Patriotic Ghanaians are watching them steadily and incoming elections will decide. If the so-called NPP had not come out and many other pressure groups to pressurize on the gov't. to fix the economy, where would we be by now? A body of corrupt membership seeking to legalize corruption with simple arguments... What legacy are you so-called leaders leaving for our dear nation Ghana? I hope NDC will be happy and reward the NIB and the pressure groups who have helped to turn the ruins of the state around. I will urge you biased supporters of the various parties not to blindly support but to look at issues from non-partisan stance and let's build a good country free of bad reputation.
BAFFOUR -- YAW 9 years ago

Ghanaians deserved what the NDC crooks are boiling in the kitchen,the game will be play at ghana markets.

Ghanaians deserved what the NDC crooks are boiling in the kitchen,the game will be play at ghana markets.
FloatingVoter 9 years ago

NPP is a parochialist party. Why are they always finding means to submerge Ghana's integrity in the mud? Is it their plan rebuild the country after they have succeeded in destroying it?

NPP is a parochialist party. Why are they always finding means to submerge Ghana's integrity in the mud? Is it their plan rebuild the country after they have succeeded in destroying it?
Kwame 9 years ago

You don't love Ghana. You don't care for Ghana. So just keep quiet and let those who want Ghanaians get better off talk. Bad article you had written. Give NPP a break.

You don't love Ghana. You don't care for Ghana. So just keep quiet and let those who want Ghanaians get better off talk. Bad article you had written. Give NPP a break.
Obournana 9 years ago

Kweku Kwarteng is just a voting machine for NPP in parliament. He does not know anything but making noise for NPP. He IS just Idiot.

Kweku Kwarteng is just a voting machine for NPP in parliament. He does not know anything but making noise for NPP. He IS just Idiot.
Piero 9 years ago

Bawomia's decisions are always last to be taken by ndc propaganda team.

Bawomia's decisions are always last to be taken by ndc propaganda team.
Piero 9 years ago

Bawomia's decisions are always last to be taken by ndc propaganda team. We Ghanaians now know NDC is very good in terms conter respons. Allow Nana and Bawomia to come and save mother Ghana.

Bawomia's decisions are always last to be taken by ndc propaganda team. We Ghanaians now know NDC is very good in terms conter respons. Allow Nana and Bawomia to come and save mother Ghana.
Rejavic stopich 9 years ago

We gat to stop all these shit thang called politics cos yo it is killing your fucking country, yall gat to know this and stay the fuck away from dem things

We gat to stop all these shit thang called politics cos yo it is killing your fucking country, yall gat to know this and stay the fuck away from dem things
Miss More 9 years ago

NDC another form of corruption,hmmmm Ghanaians are suffering.from Wa

NDC another form of corruption,hmmmm Ghanaians are suffering.from Wa
KENTRICK PATRICK 9 years ago

NPP for plotting mischief against the ruling National democratic Congress (NDC) government. In a statement to clear the air, the IMF insisted that, “the latest actual figure available to IMF staff for end-2013 is equivalent ...
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NPP for plotting mischief against the ruling National democratic Congress (NDC) government. In a statement to clear the air, the IMF insisted that, “the latest actual figure available to IMF staff for end-2013 is equivalent to 56 percent of GDP, consistent with the figures released by the Bank of Ghana.”
Don kobo 9 years ago

How is this going to help us solve the mess ghana is in right now...
It's about time you stop this provocation...

How is this going to help us solve the mess ghana is in right now...
It's about time you stop this provocation...
Francis 9 years ago

Shame unto dis demons, evil thinkers.npp shall be in opposition for ages.

Shame unto dis demons, evil thinkers.npp shall be in opposition for ages.
Zion 9 years ago

Fool, you should read the transcript of that IMF press briefing where this question was asked and the answer provided by Gupta, the IMF official and you will know, who's zooming who? "when you run the economy on propaganda, t ...
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Fool, you should read the transcript of that IMF press briefing where this question was asked and the answer provided by Gupta, the IMF official and you will know, who's zooming who? "when you run the economy on propaganda, the figures will show you up" the spineless IMF is only trying to do damage control after the horse has bolted the stable.
Nii Okai 9 years ago

You guys are frustrated, so that causes you to have multi imaginations of thought about the activities of people you consider as enemies.

This syndrome is what had compelled you to reach this ill/funny conclusion, at the s ...
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You guys are frustrated, so that causes you to have multi imaginations of thought about the activities of people you consider as enemies.

This syndrome is what had compelled you to reach this ill/funny conclusion, at the same time you forget about the NPP undermining mentality.

What do you expect when the NPP continously make evil public imaginative accusations that the NDC is manipulating figures with a goal of drawing the IMF to accuse the Mahama government? That is what the IMF did.

Happy are the wise Ghanaians that the NPP is disgraced in this scenario.
Angeline 9 years ago

What is the hulabaloo about this nonsense? The NDC would be sending GFhana to HIPC by the end of 2015, this is agreed by both IMF and the Ghana delegation. What IMF said is correct and Tekper agreed with them.
Ghana's fisca ...
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What is the hulabaloo about this nonsense? The NDC would be sending GFhana to HIPC by the end of 2015, this is agreed by both IMF and the Ghana delegation. What IMF said is correct and Tekper agreed with them.
Ghana's fiscal year starts in January and ends in December. 2014 fiscal year is almost over. We are in the process of preparing our next budget to start in January and end in December 2015.
Now IMF is saying is that from the current economic baseline our debt – to GDP ratio by December 2015, will be 71% which is a failed state or HIPC. Tekper is saying that it is true but as at December 2014 (2 months from now) it will be less. So what is the difference between what IMF saying and what Tekper is saying? The same story. IMF is referring to 2015 (a projection which is the basis of budgeting and Tekper is referring to the immediate past by Tekper).
The unsavory projection is the reason Ghana has gone to the IMF so that we don’t fall into HIPC and become a failed state in December 2015. Who went to whom? Is it IMF to Ghana or Ghana to IMF? Have we bothered to ask why the government went to IMF? IMF is the Bretton Wood institute mandated to save failing states, just as the WB to support development.
What is difficult about this to understand? What is NPP or NDC about this? The fact is the country is being run down and by 2015 we will end up being in HIPC and we want IMF planning, budgeting, monitoring to save the situation.
Vic 9 years ago

NDC rented press is defending the indefensible 50-70 percent debt to 'GDP ratio is bad enough to go for a bailout . Judgement Debt- CP, Vamed, Terraconi, SADA, Suba, TOR, Gyeeda, NSS, etc.are the causes of worst economic situ ...
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NDC rented press is defending the indefensible 50-70 percent debt to 'GDP ratio is bad enough to go for a bailout . Judgement Debt- CP, Vamed, Terraconi, SADA, Suba, TOR, Gyeeda, NSS, etc.are the causes of worst economic situation.
nana will fall 9 years ago

I said it,this narcotics people party is full up of dogs and Achimota refuse dump pigs,for bawumia I think he has brains not knowing is the most stupid being who ever lived,nana adui binlado cocaine container and wee pipe lin ...
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I said it,this narcotics people party is full up of dogs and Achimota refuse dump pigs,for bawumia I think he has brains not knowing is the most stupid being who ever lived,nana adui binlado cocaine container and wee pipe line is another good for nothing old monkey who is organising demonstrations against the government, we will live to see come 2016,let these pigs and dogs try any stupidity, cooooooows
nje 9 years ago

NPP's are expecting too much from Dr Bawumia. This Bawumia failed his 'A' level exams and they expect him to digest a whole economy of Ghana?

NPP's are expecting too much from Dr Bawumia. This Bawumia failed his 'A' level exams and they expect him to digest a whole economy of Ghana?
BELLA 9 years ago

NPP FULL OF EVIL TONGUES AND DECEPTIVE LIARS.

NPP FULL OF EVIL TONGUES AND DECEPTIVE LIARS.
PEPE 9 years ago

THEY ALWAYS DEPEND ON BAWUMIA TO MANUFACTURE LIES TO FOLLOW.

THEY ALWAYS DEPEND ON BAWUMIA TO MANUFACTURE LIES TO FOLLOW.
Reeva Akua 9 years ago

When will this come to an end. Ghana's democracy has weakened so much that everything has become politicized - at whose expense - the people!!! How sad!!

When will this come to an end. Ghana's democracy has weakened so much that everything has become politicized - at whose expense - the people!!! How sad!!
Osei Yao 9 years ago

POLOTICS OF LIES CAN ONLY GO ONE WAY -BACKFIRE.

POLOTICS OF LIES CAN ONLY GO ONE WAY -BACKFIRE.
jt 9 years ago

As it is doubting to accept anything from NDC, the Busia JBs are just too ignorant in their thinking and think people would listen to them. They did it to Nkrumah and that is why we are where are today.

As it is doubting to accept anything from NDC, the Busia JBs are just too ignorant in their thinking and think people would listen to them. They did it to Nkrumah and that is why we are where are today.
AGOMNA AYINBIRE PAUL 9 years ago

THIS PEOPLE AGAIN, DO THEY LOVE GHANA OR POWER TO HAVE TANISH THE IMAGE OF GHANA BEFORE THE INTERNATIONAL COMMUNITY. GOD SAVE GHANA AND THE GOVERNMENT

THIS PEOPLE AGAIN, DO THEY LOVE GHANA OR POWER TO HAVE TANISH THE IMAGE OF GHANA BEFORE THE INTERNATIONAL COMMUNITY. GOD SAVE GHANA AND THE GOVERNMENT
JJ 9 years ago

N D C TRY TO REFORM POVERTY AND N P P IMPOSE POVERTY ON US BY INTRODUCING HIPIC WHICH ONE IS BETTER ?

N D C TRY TO REFORM POVERTY AND N P P IMPOSE POVERTY ON US BY INTRODUCING HIPIC WHICH ONE IS BETTER ?
Tabitha Kumi 9 years ago

NPP should be careful not to lose credibility out of desperation to win election 2016

NPP should be careful not to lose credibility out of desperation to win election 2016
Nii Okai 9 years ago

There should not be surprises over the reaction of the NPP man from Obuasi in the Ashanti region over the figures of the debt-GDP given to the IMF by the Mahama government.

If Ghanaians should be realistic about the typic ...
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There should not be surprises over the reaction of the NPP man from Obuasi in the Ashanti region over the figures of the debt-GDP given to the IMF by the Mahama government.

If Ghanaians should be realistic about the typical character of an average Ashanti man in any area of life they can easily say that the action of the NPP Ashanti man from Obuasi is a actual proof of their daily behavior especially in anything politics.

It is unfortunate that in politics, the NPP Ashanti population had misunderstood the definition of our daily politics.

Politics is defined as an art or science of managing and buildimg a nation, therefore there is a need to display unity in every national political issues which may be in the interest of our nation.

If there may be any doubts by any opposing political party/parties over any issue then there should be serious investigation behind close doors before any public comments is made just because of our national interest.

In this regard I visualised the selfish political action of the NPP Ashanti Obuasi man as wickedness against Ghana and not against the NDC.
nii 9 years ago

The IMF DOESNT CORRESPOND WITH RADIO STATION OK.THIS BULLSHIT .HOW CAN THE WHOLE IMF SEND A MESSAGE TO A RADIO STATION? IS THE RADIO STATION PART OF GOVT DELEGATION ? WHAT A FALLACE ?THE COUNTRY IS GOING DOWN AND THIS CRIMINA ...
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The IMF DOESNT CORRESPOND WITH RADIO STATION OK.THIS BULLSHIT .HOW CAN THE WHOLE IMF SEND A MESSAGE TO A RADIO STATION? IS THE RADIO STATION PART OF GOVT DELEGATION ? WHAT A FALLACE ?THE COUNTRY IS GOING DOWN AND THIS CRIMINALS WILL NOT LET THE PEOPLE KNOW THE TRUTH.
cudjoe amushasi 9 years ago

a very bad attempt at spin.
woe unto them who see black and call it white

a very bad attempt at spin.
woe unto them who see black and call it white

IMF exposes NPP's lies over debt-to-GDP figures

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