"Freeze on borrowing: Ghana becoming highly indebted" - Economist

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Boss 9 years ago

About 0.0017% (Percent) Ghanaians attended the Won Gbo demonstrations. This translate to about 500,000 Ghanaians equivalent to about 7 large constituencies in Ashanti Region, 9 in the Volta region, and 10 in the Greater Regio ...
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About 0.0017% (Percent) Ghanaians attended the Won Gbo demonstrations. This translate to about 500,000 Ghanaians equivalent to about 7 large constituencies in Ashanti Region, 9 in the Volta region, and 10 in the Greater Region. This logically means that regular NPP supporters went for the Demo which has not changed the status quo in elections.
BBC NEWS!!!!!!!!!!!!!!!!!!!!!!!!!!! 9 years ago

MOST NDC MINISTERS/APPOINTEES R MUSLIMS

MOST NDC MINISTERS/APPOINTEES R MUSLIMS
Close Observer 9 years ago

RAWLINGS AND KWESI BOTCHWEH MADE GHANA A HIGHLY INDEBTED POOR COUNTRY, HIPC. KUFOUR GOT US OUT. TODAY, MAHAMA AND HIS SCHOOL BOYS HAVE TAKEN US THERE AGAIN. VOTE THE SUB-STANDARD NDC GOVERNMENT OUT IN 2016.

RAWLINGS AND KWESI BOTCHWEH MADE GHANA A HIGHLY INDEBTED POOR COUNTRY, HIPC. KUFOUR GOT US OUT. TODAY, MAHAMA AND HIS SCHOOL BOYS HAVE TAKEN US THERE AGAIN. VOTE THE SUB-STANDARD NDC GOVERNMENT OUT IN 2016.
OLD SOLDIER 9 years ago

Author:-Mahmoud...
The president has been saying that he tried to introduce electronic payment and acquisition systems into the public sector {to reduce human contact with cash} in his effort to fighting corruption, but lam ...
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Author:-Mahmoud...
The president has been saying that he tried to introduce electronic payment and acquisition systems into the public sector {to reduce human contact with cash} in his effort to fighting corruption, but lamented that the systems were often resisted.

This has become so monotonous that Ghanaians are beginning to wonder whether the president is actually serious and interested in fighting corruption as he claims, or it's just another crocodile's tears to deceive Ghanaians into believing that he is making an effort, while the government and its cronies amass billions of dollars at the expense of this struggling HIPC nation.
Why should Ghanaians hire a president that can't even introduce an electronic system successfully into the public sector to save us from criminals masquerading as civil servants? Mr. Mahama must be seen to be fighting corruption with all his might rather than go on lamenting helplessly like the rest of us who hired him to do the job.
Mahmoud 9 years ago

Ghana epitomises much of the best of Africa, but also throws into relief the tragedy of the continent. It has maintained its higher education and has fewer extremes of wealth than elsewhere. But at independence in 1957, Ghana ...
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Ghana epitomises much of the best of Africa, but also throws into relief the tragedy of the continent. It has maintained its higher education and has fewer extremes of wealth than elsewhere. But at independence in 1957, Ghana was richer than Argentina, Brazil, Malaysia or Singapore. Today, those countries are at least ten times as wealthy.
Mahmoud 9 years ago

The P/NDC and its sycophant stomach politicians, claiming to be supporters of the failed Nkrumah's ideology, are nothing but cut-throat, blood sucking vampires and nation wreckers masquerading as socialists. No wonder they ha ...
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The P/NDC and its sycophant stomach politicians, claiming to be supporters of the failed Nkrumah's ideology, are nothing but cut-throat, blood sucking vampires and nation wreckers masquerading as socialists. No wonder they have failed again to improve the economy with all the revenues from oil and high commodity prices. They are even courting HIPC now after being in power for six years. These guys can cook figures to deceive Ghanaians, but they cannot cook figures to deceive the IMF, can they?
Concerned Ghanaian 9 years ago

So what? Aren't they qualified Ghanaians who can serve?

So what? Aren't they qualified Ghanaians who can serve?
OLD SOLDIER 9 years ago

Author:-SOD....
What does the Mahama NDC gov't means by an Ultra modern Kumasi central market? What comparable ultra modern market in developed countries of the world should Ghanaians compare this Ultra modern Kumasi centra ...
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Author:-SOD....
What does the Mahama NDC gov't means by an Ultra modern Kumasi central market? What comparable ultra modern market in developed countries of the world should Ghanaians compare this Ultra modern Kumasi central market?
We have been in this country when the uncompleted extension of the runway of Kumasi Regional Airport has been described by the Mahama NDC gov't as an ultra modern international airport comparable to any international airport in the US, Germany, France, UK, Holland, China, Hong Kong, etc, etc. So what does the Mahama NDC gov't means by an ultra modern Kumasi central market because Ghanaians have had it with mediocre leadership and propaganda.
PRINCE KWASI ADADE (OFIE P33) 9 years ago

AUTHOR: STEVOO-------
GOD ISNT STUPID LIKE US, WE REAP WHAT WE SOWED,,,,WE SOWED FAKE JUDGEMENT DEBTS, ALMOST ONE BILLION DOLLARS....WE SOWED WOYOME 45 MILLION DOLLARS, WE SOWED WATERVILLE 46 MILLION DOLLARS,.....WE SOWED GY ...
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AUTHOR: STEVOO-------
GOD ISNT STUPID LIKE US, WE REAP WHAT WE SOWED,,,,WE SOWED FAKE JUDGEMENT DEBTS, ALMOST ONE BILLION DOLLARS....WE SOWED WOYOME 45 MILLION DOLLARS, WE SOWED WATERVILLE 46 MILLION DOLLARS,.....WE SOWED GYEEDA, SUBAH, SADA, ....WE SOWED INFLATED CONTRACTS LIKE SIX CLASSROOM BLKS COSTING 400,000.00 GHC UNDER NDC INSTEAD OF 80,000.00 UNDER NPP....WE SOWED 8.7 BILLION GHC OVEREXPENDITURE IN 2012 JUST FOR NDC AND JOHN MAHAMA TO WIN ELECTIONS....WE SOWED A GREAT DEAL OF THIEVERY AND CORRUPTION WHILST MEN OF GOD AND DUNCAN WILLIAMS CONTINUE TO SIT IDLE BY OR GOT INVOLVED IN THIEVING THEMSELVES.......SO WHAT IS DUNCAN WILLIAMS SAYING TO GOD.....WE ARE REAPING WHAT THE NDC GOVT HAS SOWED.
OLD SOLDIER 9 years ago

AUTHOR: MARTIN A.B.K. AMIDU....

It would appear that those in control of the NDC, for the time being, were bent on excluding other bona fide members of the Party who may wish to lay democratic claims to who becomes the ne ...
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AUTHOR: MARTIN A.B.K. AMIDU....

It would appear that those in control of the NDC, for the time being, were bent on excluding other bona fide members of the Party who may wish to lay democratic claims to who becomes the next flag bearer of the Party by excluding them even before the mortal remains of the demised President were interred. It is also symptomatic of how political party elites in Ghana and Africa worm their way into the confidences of persons perceived as likely to ascend to power positions for purposes of eventual personal economic gain at the expense of the generality of the mass of Party members and the Nation which every President swears to serve under the Constitution
Concerned 9 years ago

What's your point. Our country which has been so blessed by God is being ruined and because it's being done by a party you support that's ok.

What's your point. Our country which has been so blessed by God is being ruined and because it's being done by a party you support that's ok.
LARYEAH 9 years ago

YOU ARE USELESS!

YOU ARE USELESS!
KONFANKO. 9 years ago

WHERE IS YOUR BRAIN THIS IS ABOUT THE ECONOMY BUT NOT ABOUT DEMOSTRATION.YOU IDIOTS MUST LEARN FAST THAN TURNING EVERY INTO POLITICS.DO YOU HAVE COTTON WOOL IN YOUR SKULL?.THE COUNTRY IS BEING DESTROYING BY THESE HARD CRIMINA ...
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WHERE IS YOUR BRAIN THIS IS ABOUT THE ECONOMY BUT NOT ABOUT DEMOSTRATION.YOU IDIOTS MUST LEARN FAST THAN TURNING EVERY INTO POLITICS.DO YOU HAVE COTTON WOOL IN YOUR SKULL?.THE COUNTRY IS BEING DESTROYING BY THESE HARD CRIMINALS,INSTEAD OF SHARING THE GIFTED BRAIN ALMIGHTY GOD HAS GIVEN YOU ARE JUST MISUSING IT.DO YOU THINK ALL THE PEOPLE SHARING IDEAS HERE ARE INTERESTED IN YOUR NPP AND NDC IDIOTIC AND NONSENSICAL POLITICS.WISE UP MAN.EZEL!!!.
Asukooko 9 years ago

Konfanko, you are charitable. This guy has a brain size smaller than that of a mosquito and made of grease and sawdust. LOL!

Konfanko, you are charitable. This guy has a brain size smaller than that of a mosquito and made of grease and sawdust. LOL!
VOICE OF REASON 9 years ago

Who used state resources to bribe his way to the presidency just to make it to the history books and also to enrich himself.Now see how he is struggling.He will go down in disgrace and ignominy.....a a mere
footnote in the ...
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Who used state resources to bribe his way to the presidency just to make it to the history books and also to enrich himself.Now see how he is struggling.He will go down in disgrace and ignominy.....a a mere
footnote in the country's history
DOWBIAH ROKO. 9 years ago

LET THE FOOLS SUPPORT AND DEFENCE THESE CRIMINALS,THEY HAVEN´T SEEN NOTHING YET.WE ARE DEALING WITH HARD CRIMINALS WHOSE MAIN INTENTION IS TO DESTROY THIS COUNTRY,BUT WE HAVE STUPID PEOPLE WHOSE EYES ARE AT THE BACK OF THEIR ...
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LET THE FOOLS SUPPORT AND DEFENCE THESE CRIMINALS,THEY HAVEN´T SEEN NOTHING YET.WE ARE DEALING WITH HARD CRIMINALS WHOSE MAIN INTENTION IS TO DESTROY THIS COUNTRY,BUT WE HAVE STUPID PEOPLE WHOSE EYES ARE AT THE BACK OF THEIR HEAD SO THEY DON´T SEE THE REAL DAMAGE.
LAST DON 9 years ago

In a very long time ago, when the Fanti’s along the coast Ghana led by Nana Kwamena Ansah and Kwegyir Aggrey were very smart in protecting their people and property from the colonial rogues who wanted to steal their lands. ...
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In a very long time ago, when the Fanti’s along the coast Ghana led by Nana Kwamena Ansah and Kwegyir Aggrey were very smart in protecting their people and property from the colonial rogues who wanted to steal their lands. They took the “OBURONI” sugar, sardines, whiskey and other goodies but never sold their land and conscience. However, the pigmies in the Akyem forest were ready to condone with them to sell their belongings just to get a title “SIR” to be added to their traditional name. They sold their birth right and conscience to “OBURONI” and forgot about the upcoming generation. The booty they collected was kept among few of them wearing the title “NANA” who will always want to see their neighbours worshipping and praising them for a token. Gone are those days; now the people are wising up. They have realised that it is their own labour, goodies and sweat that has made these stooges who want to be called “NANA” who they are.

The rise of Nkroful boy child from the west of the country; who laboured on his own, through stowaway to American to educate himself and made it to England to further his education can never be under estimated.
He is a true hero who can tell how people feel when they complain to have nothing or hungry.
His struggle for independence was a true experience of his life about humanity and clear conscience.
He will not bow to any imperialist, colonialist or neo colonialist tendencies,
He was born to lead and effect change,
He truly has the spirit of God and not man or some crying spirit in Dodowa forest,
His struggle to free humanity from imperialist serves as the benchmark of freedom to many countries in the world and truly truly as Jesus Christ said in the bible “a prophet is without honour except in his own country”.

When Jesus was preaching salvation to the people and teaching them about the need to repent and adopt moral practice of good conscience and clean living; the scribes and the Sadducees were busy and heavily planning how to destroy him to please the Roman lords as a sign of their continued allegiance to them.

Was it not the same for the Nkroful boy child? While he is busy working at positive structures to set the freedom agenda, searching and fighting for freedom and emancipation for his people from imperialist domination and slave war lords and his continual admonishment to his people to desist from laziness and adopt the attitude of hard work and creativity; his enemies, the pigmies of Akyem were employing various evil tactics to eliminate him. First they went to the queen of England to protest against our independence when they failed, they came home and connived with wicked foreign agents to bomb the Nkroful born child.

Yet they couldn’t succeed until the God of Nkroful Boy graciously saved him from the atrocious coup d’état which ushered in the rule of darkness in the country.

It is an unequivocal fact how these Danquah-Busia groupings planned to destabilised Dr Kwame Nkrumah and destroy his heritage.
If the atomic energy installed by Nkroful boy child had NOT been sold to the Americans AFTER Nana Addo’s Father (Edward Akuffo Addo, Busia and Kotoka and Ofori Atta) took bribe to overthrow him, would we be crying wolf today? Imaging how people can be so blind and empty. “When they don’t know what to do with any project it means sell it” They fed their kids with the booty from the spoil after Nkrumah; today these kids are here to continue their father’s legacy. Legacy of darkness; since their birth they don’t know, feel or understand when people cry of having nothing or suffering.

Their silly self esteemed and endemic mental slavery, which is continually demonstrated by their sons and daughters, is what is still holding this country abay.
When thinkers are trying to fix problems, all you can see these sons of anarchist doing is manufacturing how to destroy. Fortunately for them, God allowed them to taste power for eight years of favourable world economic conditions; after being in opposition for long. What did they use their power for?

They couldn’t add even one mega watt of energy to the country’s power generation in their 8 years ruling. Today they are behaving like an ostrich pretending all was fine during their era. How on earth did they end up in a hair dressing salon for a loan? These are the kind of people we have in the country Ghana. Sheer incompetency, majority of them attended school and finished with no school certificates and cannot even remember which school they attended. Everything they know about economics is buying and selling. Creativity has eluded them. They only dream.

All we saw in their eight years in office was day light robbery of properties and owning them at all cost. They did it with no shame, penetrated into state reserve lands and forcefully paid peanut for them.
Siphoning from state account and redenominated the currency with impunity. They portrayed glare demonstration of arrogant and abuse of power. It is unbelievable how their numerous presidential initiatives, ended up in “MATREKO WO” island. They signed dubious contracts that have left us with paying judgement debts today.

NB: the sale of Ghana Airways and its properties abroad, Ghana Telecom, the oil Rig and Ashanti Gold Fields,….These are the enemies, demons and very evil who came to kill steal and destroy. Kuffour did not construct any road in Accra yet he managed to change and rename what his predecessors have done to create the impression that he is working.

From their birth they were thought to backbite, destroy, kill and make shameless utterances, bully, join occult and make use of cannabis.

If you are discern citizen, I will entreat you sit up and think, get knowledge and don’t sell your conscience to these reckless generation who don’t care about Ghana than to seek their self interest. Prof. Mills tried to heal and rejuvenate this nation. He was not spared with the most insult ever known in history. Prof was truthful to his words, that, he will not victimise anyone but would be a president for all Ghanaians. He believed in building Ghana afresh after their spoil but they won’t allow him.

This is what these guys stand and live for “If it’s not them then it’s nobody” What a callous and insensitive generation these are?

Wise up Ghanaians else your generation will suffer more than you are going through now. Begin to think and be creative. Government will only create favourable environment but it is up you to take advantage by your creations. No one can better your life than you. Think of what you can do today; for tomorrow may never be yours.
see star 9 years ago

iiiiiIIIIIIIIII

iiiiiIIIIIIIIII
social whip 9 years ago

Such a long story, unfortunately, it is not balanced. We did not read anything about Dr.Nkrumah's bad socio-economic policies.

Such a long story, unfortunately, it is not balanced. We did not read anything about Dr.Nkrumah's bad socio-economic policies.
wise up 9 years ago

This is the stupid and infact less than infantile analysis script from you.

This is the stupid and infact less than infantile analysis script from you.
Akans Prophecies 9 years ago

This is not even a masterpiece. It is misleading. The tribal projection is without rays therefore not ready to conquer. Conclusion waste of our precious time for reading. Come up with convincing arguments or fade forever on G ...
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This is not even a masterpiece. It is misleading. The tribal projection is without rays therefore not ready to conquer. Conclusion waste of our precious time for reading. Come up with convincing arguments or fade forever on G-web.
MEELON 9 years ago

DUM,DUM DUMSOR OO! YAA MAHAMA¨!Take care that even the unborn children of GHANA will come and curse u more.

DUM,DUM DUMSOR OO! YAA MAHAMA¨!Take care that even the unborn children of GHANA will come and curse u more.
Koshivi Ameto 9 years ago

The NDC government under John Dramani Mahamah id gradually steering the Ghanaian economy into the ditch. This is because of the debt stock which is now 67% of the country's GDP. What has the government used the numerous debt ...
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The NDC government under John Dramani Mahamah id gradually steering the Ghanaian economy into the ditch. This is because of the debt stock which is now 67% of the country's GDP. What has the government used the numerous debt for? Chop-chop is the order of the day in the NDC administration: Blotted project costs to enrich Mahamah and his cronies.
LARYEAH 9 years ago

THERE HAVE TO A CEILING LIMIT OF WHAT THE OF WHAT ANY INCOMING PRESIDENT CAN BORROW.

THERE HAVE TO A CEILING LIMIT OF WHAT THE OF WHAT ANY INCOMING PRESIDENT CAN BORROW.
Nana Adwoa New York 9 years ago

Lets understand this dictum nobody has said borrowing is bad but what do you use the borrowed funds for?If really we have been investing properly why is interest payment a migraine? second item on Govt expenditure?

Lets understand this dictum nobody has said borrowing is bad but what do you use the borrowed funds for?If really we have been investing properly why is interest payment a migraine? second item on Govt expenditure?
MAN 9 years ago

ASHANTIS LIKE IMPORTING BORLA GOODS TO THE COUNTRY TOO MUCH.

ASHANTIS LIKE IMPORTING BORLA GOODS TO THE COUNTRY TOO MUCH.
ABAAH. 9 years ago

BORLA GOODS ARE HELPING YOU BEGGERS SO STOP THE NOISES.WHAT DO YOU PRODUCE IN THIS COUNTRY?.EVEN YOU CAN'T PRODUCE ENERGY TO LIGHT YOUR STREETS.GIVE THANKS TO ASHANTIS THAT YOU ARE NOT NAKED BUT HAVING ABRONIWAWUS AND OLD FRI ...
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BORLA GOODS ARE HELPING YOU BEGGERS SO STOP THE NOISES.WHAT DO YOU PRODUCE IN THIS COUNTRY?.EVEN YOU CAN'T PRODUCE ENERGY TO LIGHT YOUR STREETS.GIVE THANKS TO ASHANTIS THAT YOU ARE NOT NAKED BUT HAVING ABRONIWAWUS AND OLD FRIDGES AND OLD SOUND SYSTEMS IN YOUR HUT.
DEPORT FOREIGN MUSLIMS 9 years ago

SHAME ON US - GHANA NEEDS TURKEY HELP TO FIX DUMSOR - A COUNTRY THAT USES ARABIC IN SCHOOL AND GHANA THAT USE ENGLISH IN SCHOOL WHO IS AN IDIOT ? A WORD TO A WISE IS ENOUGH .

SHAME ON US - GHANA NEEDS TURKEY HELP TO FIX DUMSOR - A COUNTRY THAT USES ARABIC IN SCHOOL AND GHANA THAT USE ENGLISH IN SCHOOL WHO IS AN IDIOT ? A WORD TO A WISE IS ENOUGH .
KOFI, HOUSTON, USA 9 years ago

ERIC K. AMANKWA, aka DADA, IS WANTED FOR STEALING. HE IS A SHORT PERSON AND COMES FROM NYINAHIN. HE USED TO LIVE AT ABEKA AND CAN BE HIDING ANYWHERE IN GHANA NOW. WARRANT FOR HIS ARREST CONCLUDED THAT HE NO LONGER LIVES IN HI ...
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ERIC K. AMANKWA, aka DADA, IS WANTED FOR STEALING. HE IS A SHORT PERSON AND COMES FROM NYINAHIN. HE USED TO LIVE AT ABEKA AND CAN BE HIDING ANYWHERE IN GHANA NOW. WARRANT FOR HIS ARREST CONCLUDED THAT HE NO LONGER LIVES IN HIS ABEKA RESIDENCE.
ANYONE WHO KNOWS HIS WHEREABOUTS, CAN TEXT OR CALL 001-713-405-9652 OR 023-684-8543 FOR A REWARD. THANKS, AND MAY GOD BLESS YOU.
DEPORT FOREIGN MUSLIMS 9 years ago

THIS IS MORE IMPORTANT NOT SOMEONE IDIOT TRIBAL COMMENT . VOTE NDC AGAIN 2016 IF YOU LIKE IT THEN I LOVE IT AS WELL . WISE UP GHANA FU3 .

THIS IS MORE IMPORTANT NOT SOMEONE IDIOT TRIBAL COMMENT . VOTE NDC AGAIN 2016 IF YOU LIKE IT THEN I LOVE IT AS WELL . WISE UP GHANA FU3 .
truthbetold 9 years ago

Where are all the political fanatics who'd usually make comments. When it comes to analysing real issue, we have just 15 people commenting. This speaks volumes, indicating a lot more people do not understand governance and th ...
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Where are all the political fanatics who'd usually make comments. When it comes to analysing real issue, we have just 15 people commenting. This speaks volumes, indicating a lot more people do not understand governance and the economy as much as they should. They'd prefer being fed 'rubbish' by political parties. Lets educate ourselves and be able to question politicians in all aspects of our national lives.
Bastard Akufo Addo 9 years ago

Stupid idiots

Stupid idiots
Kojo E 9 years ago

It gladdens my heart now that the technocrats have found their voice and are commenting on critical issues. My regret is it's come a bit late but it better late than never. Let's pray government will be humble enough to eat h ...
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It gladdens my heart now that the technocrats have found their voice and are commenting on critical issues. My regret is it's come a bit late but it better late than never. Let's pray government will be humble enough to eat humble pie and mellow for advice.
NIGERIA 9 years ago

IT IS YOUR FATHER AND MAHAMA THAT ARE FOOLS NOT AKUFO ADDO. WE SHALL VOTE FOR HE WHETHER YOU THE NDC LIKE IT OR NOT. USELESS NDC.

IT IS YOUR FATHER AND MAHAMA THAT ARE FOOLS NOT AKUFO ADDO. WE SHALL VOTE FOR HE WHETHER YOU THE NDC LIKE IT OR NOT. USELESS NDC.
tony 9 years ago

So sad Ghana is heading to hpic again. Guys we have the power to decide our faith as a nation. Vote for a party that can demonstrate they can assemble competent guys to manage the economy. I personally think mahma's administr ...
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So sad Ghana is heading to hpic again. Guys we have the power to decide our faith as a nation. Vote for a party that can demonstrate they can assemble competent guys to manage the economy. I personally think mahma's administration is a joke.
Ugly Akufo Addo 9 years ago

Big fool

Big fool
DEPORT FOREIGN MUSLIMS 9 years ago

NANA WILL WHOOP YOUR FUCKING ASS UP SINCE YOU ARE A PUSSY .

NANA WILL WHOOP YOUR FUCKING ASS UP SINCE YOU ARE A PUSSY .
... 9 years ago

Turrets is in the house....
Somebody give him Thesaurus

Turrets is in the house....
Somebody give him Thesaurus
Joe 9 years ago

I want "Mr. Know Everything" Okudjeto Ablakwah to comment once again on this statement by this economist. What has NPP and especially Barwumiah been saying about he economy and what has been the reaction of NDC towards them? ...
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I want "Mr. Know Everything" Okudjeto Ablakwah to comment once again on this statement by this economist. What has NPP and especially Barwumiah been saying about he economy and what has been the reaction of NDC towards them? Insults and insults. Now let them comment on this report. It is sad that in Ghana only few people even some educated folks understands economics that is why NDC continue to get people to follow them. The problem we have in Ghana is ILLITERACY, people do not understand issues and they just follow NDC because their forefathers hated other parties like the offspring of NPP, but to tell you the truth, NPP are better managers of the economy than NDC. It is because of these ILLITERACY in this country that is why we are suffering because about 60-70% of supporters of NDC are either illiterates or semi-literates and Ghanaians will continue to suffer as long as we have these people in the society. But time will tell.
K Man 9 years ago

It's not an issue of borrowing, it's an issue that the borrowing had not been used (from simple o bservation) for capital expenditure/investment.

Debt is not the issue, it's that NDC has got the country into debt to simpl ...
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It's not an issue of borrowing, it's an issue that the borrowing had not been used (from simple o bservation) for capital expenditure/investment.

Debt is not the issue, it's that NDC has got the country into debt to simply service its current debt and be able to pay public sector costs/wages.

Even a simple trader would understand that if you are borrowing to keep yourself afloat but are not investing in activities/equipment that will generate income to be able to comfortably service the debt than you are tieing a noose around your neck.

The government is too short sighted, the billions it has borrowed, if it had foresight could have been invested in helping the country's income base (easier visa access, increase tourism friendly environment, freeing up business redtape, cutting down public sector numbers - one redundcany pay for anyone over a certain age etc).

No vision, this is not about tribe or party politics....Ghanaians of all backgrounds need to wake up....no one should want Ghana going back to the 1980s of debt and struggle....not for any person.

I wouldn't even if the president was my own flesh and blood.
Charles 9 years ago

Let Mahama and his criminal enterprise pay the money. KWASIA ARA KWA

Let Mahama and his criminal enterprise pay the money. KWASIA ARA KWA
Grand Mufti of Accra . 9 years ago

The fact of thematter is that most governments including the present government do not have accurate records of their debt stock and therefore unable to stop borrowing ; the government of Jon Mahama are playing chicken with t ...
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The fact of thematter is that most governments including the present government do not have accurate records of their debt stock and therefore unable to stop borrowing ; the government of Jon Mahama are playing chicken with the borrowing stock.
social whip 9 years ago

It is sad that a beautiful country Ghana that I am a citizen of, that God has blessed with vast natural resources goes about with cup in hand begging. Hell no, Ghana will not go down. Soon the bad ones will have to leave or g ...
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It is sad that a beautiful country Ghana that I am a citizen of, that God has blessed with vast natural resources goes about with cup in hand begging. Hell no, Ghana will not go down. Soon the bad ones will have to leave or get hit by the law. Well, I may be wrong because Woyome still walking around with some greedy fools as his bodyguards enjoying his loot.
Nana Addo 9 years ago

So all you ignorant Ghanaians have become economists. This is a political article. No economics

So all you ignorant Ghanaians have become economists. This is a political article. No economics
Kofius 9 years ago

So US, UK, France and Germany do not owe. Political Trash

So US, UK, France and Germany do not owe. Political Trash
johnson 9 years ago

Do you know how much Europe borrowed after 2nd world war? The critical issue is not how much is borrowed but what it is used for. We must manage with cashflows. We should ensure that we have more projects that can pay for its ...
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Do you know how much Europe borrowed after 2nd world war? The critical issue is not how much is borrowed but what it is used for. We must manage with cashflows. We should ensure that we have more projects that can pay for itself and help to pay for the more social not for profit ones. This is how business is run. stop borrowing and stop developing? i dont agree
johnson 9 years ago

we need to borrow some more. We should ensure its for projects that will generate positive cashflows and are profitable and cab create jobs. Profits can be used to fund our social programs such as better health care, free edu ...
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we need to borrow some more. We should ensure its for projects that will generate positive cashflows and are profitable and cab create jobs. Profits can be used to fund our social programs such as better health care, free education and school feeding. Lets be business like.
Pusiga naaba 9 years ago

And in all these circumstances of borrowing ad infinitum, it is the same characters under the same NDC party that took Ghana to such poor economic standing.. . People do you see a trend . That, this party called NDC has onl ...
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And in all these circumstances of borrowing ad infinitum, it is the same characters under the same NDC party that took Ghana to such poor economic standing.. . People do you see a trend . That, this party called NDC has only one motive. Just to come and lootand destroy tha economy, the nation and the people. People, take your country back from these NDC thieves.
SGT ANANI FIADZOE 9 years ago

The vast majority of Pusigans are wise and clever. So where from this stupid comment from? Was your mother raped by an Ashanti ape? I am sure you must be short, ugly, with red eyes and thick lips like Busia.

The vast majority of Pusigans are wise and clever. So where from this stupid comment from? Was your mother raped by an Ashanti ape? I am sure you must be short, ugly, with red eyes and thick lips like Busia.
ghanaian 9 years ago

Why do some people bent on commenting on a different topic from what they have read,this is about the economy ,not demo and ministers appointed by NCD.
These people did they pass their exams at shool?i wonder ooo!

Why do some people bent on commenting on a different topic from what they have read,this is about the economy ,not demo and ministers appointed by NCD.
These people did they pass their exams at shool?i wonder ooo!
adanko 9 years ago

this is agovt that has no breaks on spending, spending any money it sees wthout thinking. We must put a ceiling on it. this is tax payers mony not Mahama;s personal pocket money. let this message go into his head as he is pla ...
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this is agovt that has no breaks on spending, spending any money it sees wthout thinking. We must put a ceiling on it. this is tax payers mony not Mahama;s personal pocket money. let this message go into his head as he is planning big re-election budget for 2016
kobina 9 years ago

compare ur so call figures to that of the population in Accra!it was only done in Accra n nt de whole Ghana n imagine if this shld av done across de country.we r talking economic here n look at wer u r.fool.....

compare ur so call figures to that of the population in Accra!it was only done in Accra n nt de whole Ghana n imagine if this shld av done across de country.we r talking economic here n look at wer u r.fool.....
0265217070 9 years ago

Do you know anybody in Accra in need of a job? Or even you, yourself

There are over 200 vacancies available for Sales Reps for a reputable Insurance Co, even if you don't need the job, you definitely know someone who does ...
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Do you know anybody in Accra in need of a job? Or even you, yourself

There are over 200 vacancies available for Sales Reps for a reputable Insurance Co, even if you don't need the job, you definitely know someone who does. Send full name and contact to 0265217070 and the company will give you a call back
Thanks
Yaw 9 years ago

Where is Asiedu Nketia?

Where is Asiedu Nketia?
WAITING TO VOTE NDC OUT 9 years ago

Oh yes, Ghana is suffering from the Mahama-led NDC gov't policy of borrow to loot.
The borrow to loot policy has scattered the country dastardly. NDC has got to GO!!!.

Oh yes, Ghana is suffering from the Mahama-led NDC gov't policy of borrow to loot.
The borrow to loot policy has scattered the country dastardly. NDC has got to GO!!!.
Jojo 9 years ago

OPAYIN ESSILFIE ADJAYE, WHERE HAVE YOU BEEN AS A KNOWLEDGEABLE ECONOMIST THROUGHOUT THE YEARS OF OUR ECONOMIC BACKWARDNEES,UNDERDEVELOPMENT,AS HIGHLY INDEBTED POOR COUNTRY(HIPC) AND EXTREME POVERTY.

GHANA CLAIMS TO HAVE VE ...
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OPAYIN ESSILFIE ADJAYE, WHERE HAVE YOU BEEN AS A KNOWLEDGEABLE ECONOMIST THROUGHOUT THE YEARS OF OUR ECONOMIC BACKWARDNEES,UNDERDEVELOPMENT,AS HIGHLY INDEBTED POOR COUNTRY(HIPC) AND EXTREME POVERTY.

GHANA CLAIMS TO HAVE VERY EDUCATED CLASS WITH BIG DEGREE TITLES ACQUIRED FROM THE LENGTH AND BREADTH OF THE WORLD, AND WONDER WHY THEY HAVE STILL FAILED TO BE PRODUCTIVE TO CREATE DYNAMIC INDUSTRIES,MANUFACTURING(INDUSTRIAL OUTPUT)PROCESSING AND PRODUCT DEVELOPMENT TO THE POINT OF SALE, AND TO BOOST, EMPLOYMEMNT OPPORTUNITIES,INCOME AND QUALITY OF LIFE.

HOW LONG DO WE HAVE TO DEPEND ON THE LABOUR OF THE ILLITERATE COCOA FARMERS AND MINE LABOURES ON THEIR TOIL,SWEAT AND HARDWORK THE NATION DERIVES ITS HARD CURRENCY TO SERVICE NATIONAL BUDGETS, SALARIES AND WAGES, IMPORTATION OF COMMODITIES, FOOD ITEMS AND EXPENSIVE LUXURY CARS AND JEEPS FOR THE UNPRODUCTIVE EDUCATED FOR HIGHLFE,MERRYMAKING,HONEYMOON AND FUNERAL IN THE COUNTRY.

IT IS TIME THE NOISY EDUCATED PEOPLE STOP BLAMING THE GOVERNMENT.

THE GOVERNMENT IS NOT A CAR MANUFACTURING FIRM OR AN IMSURANCE COMPANY TO CATER FOR THE EDUCATED AND ALL IN THE COUNTRY.

IT IS AT THE PRIVATE SECTOR THAT, A TRUE MARKET WORKS.

IS THAT NOT WHAT YOU PEOPLE WERE TAUGHT IN ECONOMICS AND BUSINESS MANAGEMENT AT THE CLASS AND LECTURE ROOMS.

IN MY OPINION IT IS MAN'S TEMPERANT THAT DECIDES HIS FATE.

I DO NOT BELIEVE THEREFORE THAT HE MUST NECESSARILY CONTINUE TO FOLLOW THE PATH WHICH LEADS DOWNWARDS AND DESTRUCTION OF HUMANITY.
Paa Joe 9 years ago

ECONOMISTS,PROFESSORS,LECTURERS,MATURAL AMD POLITICAL SCIENCE HOLDERS, ENGINEERS,PhD'S AND THE EDUCATED IN THE MIDST OF POVERTY.

WHAT HAVE ALL THESE PEOPLE CONTRIBUTED TOWARDS SOCIOECONOMIC DEVELOPMENT OF GHANA-NOTHING BUT ...
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ECONOMISTS,PROFESSORS,LECTURERS,MATURAL AMD POLITICAL SCIENCE HOLDERS, ENGINEERS,PhD'S AND THE EDUCATED IN THE MIDST OF POVERTY.

WHAT HAVE ALL THESE PEOPLE CONTRIBUTED TOWARDS SOCIOECONOMIC DEVELOPMENT OF GHANA-NOTHING BUT NOTHING,

ITS RATHER SHAMEFUL THAT,THEY STILL CONTINUE TO ARGUE,CRITICIZE AND PREACH BEHIND THE CURTAINS.

ITS SOUNDS VERY SAD AND PATHETIC.
Mumuni Wala 9 years ago

WHAT GHANA REALLY NEED IS NOT HOW SERVICE HER DEBT, BUT RATHER REAL ECONOMIC RESTRUCTURING. TIME IS OVERDUE FOR GHANA TO RESTRUCTURE ITS ECONOMY. IT WOULD BE A BITTER PILL TO SWALLOW, BUT THERE IS NO WAY OUT. AND WILL TAKE A ...
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WHAT GHANA REALLY NEED IS NOT HOW SERVICE HER DEBT, BUT RATHER REAL ECONOMIC RESTRUCTURING. TIME IS OVERDUE FOR GHANA TO RESTRUCTURE ITS ECONOMY. IT WOULD BE A BITTER PILL TO SWALLOW, BUT THERE IS NO WAY OUT. AND WILL TAKE A WHOLE LOT OF PAINFUL YEARS. ITS ONLY A BOLD PRESIDENT CAN
Whatever 9 years ago

Already, we control nothing of our mineral resources. Kufour sold our oil and Gold and sold our only telecommunication enterprise on top. Ghana Airways gone. Our energy sector is being pursued by the Americans who using it as ...
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Already, we control nothing of our mineral resources. Kufour sold our oil and Gold and sold our only telecommunication enterprise on top. Ghana Airways gone. Our energy sector is being pursued by the Americans who using it as a negotiating tactic. If you don't belief in socialism, how will you then survive if you don't borrow
kay 9 years ago

Did Kuffour sell our oil? Really?

Did Kuffour sell our oil? Really?
Mahmoud 9 years ago

The real problem is the P/NDC party and its government that have been in power now for seven years and had previously squandered 20years of our lives.

With unprecedented revenues, and being in power more than any other pa ...
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The real problem is the P/NDC party and its government that have been in power now for seven years and had previously squandered 20years of our lives.

With unprecedented revenues, and being in power more than any other party in the country, the P/NDC government should have been in a positioned to diagnose and implement a Better Ghana Agenda in Power generation, water supply and agriculture from day one in 2009, and not go on pursuing their current 'Worse Ghana Agenda' with massive corruption and reckless borrowing which have landed us in the present deplorable situation. Ghanaians can't wait any longer; they are fed up!

"Freeze on borrowing: Ghana becoming highly indebted" - Economist

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