Debt situation not entirely our fault – Terkper

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The mask 9 years ago

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

Boachsoft Finance 2012 software, developed in East Akim Municipality (Akyem-Maase and Bunso) in the Eastern Region of Ghana and in Accra/Sakumono, i ...
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The economy is hitting many families hard and many have run out of ideas.

Boachsoft Finance 2012 software, developed in East Akim Municipality (Akyem-Maase and Bunso) in the Eastern Region of Ghana and in Accra/Sakumono, is helping many families across the globe to balance the family budget, amortize loans and save for the future.

The next version is set to be released in December 2016. Use only the 2012 version.

For more information on managing family finances read the following articles:

blog.boachsoft. com
HUMANISM 9 years ago

BY THE GRACE OF JJ AND HIS TRAINED CADRES OF THE NDC, GHANA HAS BECOME A FAILED STATE.

BY THE GRACE OF JJ AND HIS TRAINED CADRES OF THE NDC, GHANA HAS BECOME A FAILED STATE.
Zoobie-Zoobie 9 years ago

very tribal in his appointments

very tribal in his appointments
OLD SOLDIER 9 years ago

When Kwaku Baako informed us about the atrocities of Kwesi Pratt during PNDC Regime, some of us did not believe until the truth was confirmed during the NRC. Kwesi Pratt is the most dangerous Journalist Ghana had ever have, h ...
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When Kwaku Baako informed us about the atrocities of Kwesi Pratt during PNDC Regime, some of us did not believe until the truth was confirmed during the NRC. Kwesi Pratt is the most dangerous Journalist Ghana had ever have, he had the gut to recommend his fellow journalists to be executed by PNDC. Pratt even recommended Baako to be killed by the regime, thank God Baako was instead touchered violently and severely but his life was spared. This is what Kwesi Pratt can do. Now Pratt is a secret agent to NDC and US Embassy in Ghana. May God forgive Pratt and spare him the untold evils that will come upon him and his generations. The souls of those journalist killed through Pratt's recommendations to PNDC will never forgive Pratt. Now Pratt has the guts to take Diplomatic Passport and smuggled his weak-headed children to work at the Ministries under Mills NDC, may God forgive Pratt and his dependance and spare them of the evils ahead of them...
Saint Ghfuo: nyantakyi must GO! 9 years ago

SO WHY GO FOR MORE LOANS? ARE YOU STUPID OR JUST INTERESTED IN STEALING? WE NEED AN ARAB SPRING IN GHANA, NOW!

SO WHY GO FOR MORE LOANS? ARE YOU STUPID OR JUST INTERESTED IN STEALING? WE NEED AN ARAB SPRING IN GHANA, NOW!
OLD SOLDIER 9 years ago

Author:-OKOROMANSA...
CHARGE THEM OR YOU ARE CHARGED FOR THIS GARGANTUAN FRAUD. IF WOMEN O GHANA ARE NOW ACCOMPLICES IN SUCH LEVEL OF STEALING AND BRIBING THEN WE ARE FINISHED. BETTY MOULD IS BEING AIDED BY MAHAMA AND HIS N ...
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Author:-OKOROMANSA...
CHARGE THEM OR YOU ARE CHARGED FOR THIS GARGANTUAN FRAUD. IF WOMEN O GHANA ARE NOW ACCOMPLICES IN SUCH LEVEL OF STEALING AND BRIBING THEN WE ARE FINISHED. BETTY MOULD IS BEING AIDED BY MAHAMA AND HIS NDC TO ESCAPE ARREST AND TRIAL ALL BECAUSE OF "WONKYE NNI". BETTY MOULD, YOU ARE A DISGRACE TO GHANAIAN WOMANHOOD.
Saint Ghfuo: nyantakyi must GO! 9 years ago

..BUT YOU ARE CREATING MORE DEBT. INSTEAD OF PAYING DOWN THE NATIONAL DEFICIT WHY?

..BUT YOU ARE CREATING MORE DEBT. INSTEAD OF PAYING DOWN THE NATIONAL DEFICIT WHY?
Senior Wisdom 9 years ago

When you guys were warned the answer was every country borrows. So you went ahead and added to the borrowing against all odds. We are not so stupid to remember the rhetoric not long ago

When you guys were warned the answer was every country borrows. So you went ahead and added to the borrowing against all odds. We are not so stupid to remember the rhetoric not long ago
trueGhanaian 9 years ago

Most people don't know that when you issue a bond you are borrowing money.

Kuffor's $750 million Eurobond issue at about 8% interest in the later part of 2000 was something that was unwise in the financial industry.

T ...
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Most people don't know that when you issue a bond you are borrowing money.

Kuffor's $750 million Eurobond issue at about 8% interest in the later part of 2000 was something that was unwise in the financial industry.

The interest payment alone before the loan is paid is something that I said
at the time will bankrupt Ghana - Not politics but from financial engineer's point of view.
Saint Ghfuo: Nyantakyi must go! 9 years ago

TEPKER Is Not An Economist
Dude is a tax expert. He only knows how to evade taxes, lie about expenses and hiding figures. He does not understand the macro habits of revenue generation, .spending and public spending..so expe ...
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TEPKER Is Not An Economist
Dude is a tax expert. He only knows how to evade taxes, lie about expenses and hiding figures. He does not understand the macro habits of revenue generation, .spending and public spending..so expect there to be more fiscal mismanagement and more borrowing to shore up expenditures..Look what needs ks doing with the budget. Creating figures from things akrnto balance the budget? Muahahahaaaaaaaaa half baked!

Dude is a tax expert. He only knows how to evade taxes, lie about expenses and hiding figures. He does not understand the macro habits of revenue generation, .spending and public spending..so expect there to be more fiscal mismanagement and more borrowing to shore up expenditures
William Sorkpor, USA 9 years ago

It is not safe to base the projected budget on crude oil price of $50.00: crude is heading down to $20.00.

I base this projection on the over-supply of crude, -- due to the refusal of the major oil producing countries to ...
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It is not safe to base the projected budget on crude oil price of $50.00: crude is heading down to $20.00.

I base this projection on the over-supply of crude, -- due to the refusal of the major oil producing countries to cut production.

Even if they should reverse themselves, and decide to cut supply today; it would not change the downward drift of crude price to around $20.00. This is for the simple reason that, all the major consumers have run out of storage capacity to add more crude to their current stockpiles.

I therefore urge the finance minister to take the following precautionary steps to safeguard our economy.

1) Revise the basis of the budget- projection downwards.

2) Use the IMF bailout funds to construct crude storage facilities.

3) Lease the storage facilities to major crude buyers running out of storage capacity, -- i.e., generate revenues to close the gap left by the drop in oil revenues.

4) Cutback on crude sales.

5) Step up our crude stockpiles, -- i.e., hedge our bets if crude begins to rise again in the future.

This a more creative approach to handling the budget of the country.

It is sound, and conservative.

May Lord Almighty continue to bless our beloved Great Ghana:
Amen!!!

ni hold rs eod ing i
AMB 9 years ago

Silly comment. Check your info before making noise.

Silly comment. Check your info before making noise.
AMB 9 years ago

Stupid and ignorant comment. JJ laid a solid foundation for the country to develop. It is indubitable that he delivered at a very high level.

Stupid and ignorant comment. JJ laid a solid foundation for the country to develop. It is indubitable that he delivered at a very high level.
Waaluk 9 years ago

AMB, your assertion is intriguing; the information on IMF's own website regarding our nation's dealings with the Bretton Woods institutions which are inconsistent with what you have just represented here. Have you just forgot ...
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AMB, your assertion is intriguing; the information on IMF's own website regarding our nation's dealings with the Bretton Woods institutions which are inconsistent with what you have just represented here. Have you just forgotten that per Bretton Woods programme, Kwesi Botchwey oversaw inter alia, the biggest sale of our nation's assets. Please we should be careful not to muddle an object political analysis. I perceive you are an intelligent person and we need to bring that to bear on our politics for the sake of posterity.
Blefuscu 9 years ago

Ghana has been a failed state since the illegal overthrow of the first President. In fact Africa is a failed continent with only dark years ahead.

Ghana has been a failed state since the illegal overthrow of the first President. In fact Africa is a failed continent with only dark years ahead.
Allotey 9 years ago

You don't understand anything.
You are the person in charge now.
So fix it.

You don't understand anything.
You are the person in charge now.
So fix it.
The mask 9 years ago

KNUST failed to rusticate and report to the police a female student who beat up her roommate; the lecturers have been bought. It has been said that many lecturers lack teaching methodologies. What should be the minimum requir ...
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KNUST failed to rusticate and report to the police a female student who beat up her roommate; the lecturers have been bought. It has been said that many lecturers lack teaching methodologies. What should be the minimum requirement when recruiting lecturers into a tertiary institution? Is it a masters degree or a PhD with a course in education??

Professors in tertiary institutions must read GES directives. There are many important and useful GES directives which would help them.

GES banned all forms of corporal punishment in Educational institutions but there are reports that some tertiary institutions are still carrying out this practice. Asking students to kneel down and so on.

Lecturers in tertiary institutions must recognize the fact that students in these institution are adults.
lee 9 years ago

Tertiary institutions for corporal punishment or second cycle schools. This guy is mad.

Tertiary institutions for corporal punishment or second cycle schools. This guy is mad.
Pelicles 9 years ago

Most of the debts was your government fault. Imagine what you have washed down the drain through dubious judgment debt payment, ghost names and some failed projects like GYEEDA, SADA, etc. Your government is the only govern ...
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Most of the debts was your government fault. Imagine what you have washed down the drain through dubious judgment debt payment, ghost names and some failed projects like GYEEDA, SADA, etc. Your government is the only government in our history to inherit a lot a money yet, is the one with a lot of waste.

Imagine Kufuor left some debt to the tune of $9 billion, what have you added? As we speak, how much have you borrowed? Roughly, you have borrowed over 60 billion dollars and what have you done with it?
Neutral Zone 9 years ago

Which hole did u spring out of.

Which hole did u spring out of.
MUMU VOTERS 9 years ago

Ask youself why MATIN AMIDU was sack by the old professoer Atta Mills? Its just to make way loot and share. Don't support any party on this kind of things, BE A GHANAIAN

Ask youself why MATIN AMIDU was sack by the old professoer Atta Mills? Its just to make way loot and share. Don't support any party on this kind of things, BE A GHANAIAN
Pelicles 9 years ago

If you really care about this nation, then wean yourself off that "party colors". NDC had used 33 million cedis to teach Children in the North how to ride bikes and how can that be possible? I know you will rubbish that bu ...
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If you really care about this nation, then wean yourself off that "party colors". NDC had used 33 million cedis to teach Children in the North how to ride bikes and how can that be possible? I know you will rubbish that but go deep and you will see the truth in it. NDC is very irresponsible, reckless etc. When it comes to cost cutting, they have no idea. Terkper is trying to shit the goal post.
Close Observer 9 years ago

GHANA FIRST.
It doesn't make sense by any stretch of imagination. The man who was appalled by the illegal payment of the money to WOYOME, MARTIN AMIDU WAS SACKED BY THE NDC. Those who caused the illegal payment to be made ar ...
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GHANA FIRST.
It doesn't make sense by any stretch of imagination. The man who was appalled by the illegal payment of the money to WOYOME, MARTIN AMIDU WAS SACKED BY THE NDC. Those who caused the illegal payment to be made are today holding positions in the NDC. MARTIN AMIDU HAS SINGLE HANDEDLY FOUGHT FOR THE MONEY TO BE PAYED BACK TO THE STATE, I MEAN TO GHANA, BUT HE IS STILL SIDELINED. DOES THIS MAKE SENSE TO ANY SENSIBLE GHANAIAN.
It is a case of patriotic citizens out, bad citizen welcome.
We cannot allow this to go on beyond 2016.
FELLOW CITIZENS WHO CAN REASON JUST LIKE ME, LET'S VOTE THE DEAD GOAT AND HIS USELESS NDC OUT IN 2016.
(Gam3i, esa ni afor ny3ten m3kom3i ahi3 aha ny3. Ani ny3 naa noni yaa nor lo.? Aloo nifitemo ny3 tawor? Ny3dzea NDC s33 ni ny3 shitamo mli atsake wo, Shi Ga f33 mliy3 ohia. Ga f33 hu egor)
AN ADVISE FROM A SENSIBLE GA WHO CAN READ THROUGH THE LINES.
Zoobie-Zoobie 9 years ago

very parochial and inward

very parochial and inward
Neutral Zone 9 years ago

Martin Amidu was sidelined cos he was onto the protected few n they got rid of him. These cases would never b won cos they are tried to protect some n thus the full thrust of the case is not heard.

Hope when NDC is voted o ...
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Martin Amidu was sidelined cos he was onto the protected few n they got rid of him. These cases would never b won cos they are tried to protect some n thus the full thrust of the case is not heard.

Hope when NDC is voted out we see the wisdom on not replacing them with NPP. It would just b more of the same.
mensah abrampa 9 years ago

There has never been and there will never be a perfect administration but it'd be useful to make the comparison between the 15 years of NDC administration and the 8 years of the NPP administration under Kuffuor's leadership. ...
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There has never been and there will never be a perfect administration but it'd be useful to make the comparison between the 15 years of NDC administration and the 8 years of the NPP administration under Kuffuor's leadership. We will have a clearer and better understanding of which of the two has done the most harm to the national development with the resources at their disposal, including of course our debt situation and the nation's resources. Of course we don't need to be stuck on these 2 parties for leadership but should we also just dole out the privilege of administering the affairs of the state simply on the platter of the unknown devil? If any of the other parties can prove they are ready to govern and have better alternatives and solutions to the myriad national problems most Ghanaians will appreciate a complete overhaul in administration leadership but need we change just for the sake of change ? No to change except it's good purpose driven. We can no longer afford to take backward steps but to hit our stride with whichever party has the national outlook, a national development agenda with the right men and women to get the job done. We don't need a leader who will deepen and widen what divides us to fulfill an inward looking ambition but the uniter who sees and appreciates the beauty in our diversity. We do not need a leader who will put the party agenda ahead of the national. Certainly, we don't deserve a leader who will pick and choose which faces to put on the accountability label but one who has zero tolerance for corruption and does not care whose ox is gored in the mortal fight against corruption.
Abele 9 years ago

whose fault then mr. man? who borrowed those monies?

whose fault then mr. man? who borrowed those monies?
Dea 9 years ago

Mahama with the looting congress caused the mess.

Mahama with the looting congress caused the mess.
apuuu 9 years ago

Your maam when you guys going to take responsibility for your doing everything is someone fault but not your fault what can people's are you is so insane when you get yourself in trouble is because of someone for the last s ...
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Your maam when you guys going to take responsibility for your doing everything is someone fault but not your fault what can people's are you is so insane when you get yourself in trouble is because of someone for the last seven years is always someone fault but not ndc party led by one and only promises President if you guys can help make room for someone what can nonsense is this Terkper you are fool shit grow up aouuu
POSSIBILITIES 9 years ago

BETTYMOULD, WOYOME, BARTON ODRO, LAWYER DAVID ANNAN, TONY LITHUR, GEORGE LOU, ISOFOTONE, SADA, GYEEDA, SUBAH, 8.7 BN GHC OVEREXPENDIUTURE IN 2012 TO WIN ELECTIONS....ETC ETC ide biiii kekekeeee

BETTYMOULD, WOYOME, BARTON ODRO, LAWYER DAVID ANNAN, TONY LITHUR, GEORGE LOU, ISOFOTONE, SADA, GYEEDA, SUBAH, 8.7 BN GHC OVEREXPENDIUTURE IN 2012 TO WIN ELECTIONS....ETC ETC ide biiii kekekeeee
POSSIBILITIES 9 years ago

BLOOD MONEY ON HEADS OF WOYOME, BARTON ODRO, WOYOME . ALL NDC LAWYERS, ETC ETC....ide biii kekeee

BLOOD MONEY ON HEADS OF WOYOME, BARTON ODRO, WOYOME . ALL NDC LAWYERS, ETC ETC....ide biii kekeee
KOFI - USA 9 years ago

BUT WHOSE FAULT. STOP BLAMING THE PAST ADMINISTRATION BECAUSE YOU GUYS HAVE BEEN THERE FOR THE PAST SIX YEARS.

BUT WHOSE FAULT. STOP BLAMING THE PAST ADMINISTRATION BECAUSE YOU GUYS HAVE BEEN THERE FOR THE PAST SIX YEARS.
Neutral Zone 9 years ago

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. ...
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Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. PhDs who can't come up with original thoughts, so why the advance degrees. Guess just to show us their capacity to chew, pour n remember how to steal.
Neutral Zone 9 years ago

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. ...
read full comment

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. PhDs who can't come up with original thoughts, so why the advance degrees. Guess just to show us their capacity to chew, pour n remember how to steal.
Neutral Zone 9 years ago

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. ...
read full comment

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. PhDs who can't come up with original thoughts, so why the advance degrees. Guess just to show us their capacity to chew, pour n remember how to steal.
Neutral Zone 9 years ago

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. ...
read full comment

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. PhDs who can't come up with original thoughts, so why the advance degrees. Guess just to show us their capacity to chew, pour n remember how to steal.
Neutral Zone 9 years ago

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. ...
read full comment

Plus the twenty something years combined they've been in power, more then any entity. But I still put the blame on Ghanaian who get top class education from donar countries only to come back home and advance their economics. PhDs who can't come up with original thoughts, so why the advance degrees. Guess just to show us their capacity to chew, pour n remember how to steal.
dawun 9 years ago

Am surprised we can't even forecast. Wow

Am surprised we can't even forecast. Wow
DISCIPLINE HOLLAND 9 years ago

LOOK WHO IS TALKING. WHAT A JOKKER. AFTER PAYING WOYOMEY, SADA ,NSS,AFRIYIE ANKRAH BLACK STARS,AYARIGA UNNECESSARY CURRUPT BLACK STAR CAR BUYING SYNDICATE? MAHAMA AND JNR BRO GOLD TO IRAN THROUHG TURKEY? WHAT ELSE IS NOT YOUR ...
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LOOK WHO IS TALKING. WHAT A JOKKER. AFTER PAYING WOYOMEY, SADA ,NSS,AFRIYIE ANKRAH BLACK STARS,AYARIGA UNNECESSARY CURRUPT BLACK STAR CAR BUYING SYNDICATE? MAHAMA AND JNR BRO GOLD TO IRAN THROUHG TURKEY? WHAT ELSE IS NOT YOUR FAULT? TALK SENSE.
foster gyamfi f 9 years ago

CHANGE
I am very happy to join with you today on this
social platform where the gates of expression
are freely opened for everybody to raise his or
her views. on this note, i would like to elaborate
on few why there is t ...
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CHANGE
I am very happy to join with you today on this
social platform where the gates of expression
are freely opened for everybody to raise his or
her views. on this note, i would like to elaborate
on few why there is the need to change the
Ghanaian world. Not just any change but a vivid
change in government and the way we
cognitively represent certain issues in this our
nation.
we all bear witness that, despite all forms of
hands of different regimes our nation went
through, there emerged a government where
even the cobbler was called by several banks for
loan--this was under the regime of president
Kuffour. Indeed, as from the time 'the
somebody' took over, the nation's effort
towards economic sustainability has gradually
gotten down to not. The economy is now
chasing the people to run lest they die in
joblessness and hunger.
we live in a country where the sachet water
sellers are quitting because of 'dumsor' and the
colds stores have no reason for which to
replenish their fridges--all because of 'dumsor'.
But we have forgotten that our thumbs we cut
with 'I DON'T CARE' for the 'somebody' is what
has led to this our plight.
we live in a country where the unspeakable
horrors of corruption brutality have killed the
hope in leadership, all because of the
unprecedented corruption by the 'somebody
government' and its leaders. I call this
government 'the somebody' because its
behaviour is not deeply routed from the true
creed of the nation, and I quote " the blood and
toil of our fathers".
we live in a country where a thief from no
where can just deplete the coffers of the nation
by taking away GHc 51m free, and our pillars
(law courts and judges) would,out of their filled
bellies, acquit him. EII OMAN GHANA, if a
country full of resources cannot help the many
who are poor then it cannot save the few who
are rich.
it is now the time to claim back our thumbs
that we cut for them and give them to the
government that cares. I believe in the spirit of
progressive perfectibility that president Kuffour
started, and NANA A ADDO is the next I think
can continue . Let us believe in change towards
a discipline economy with a discipline
government.... will continue... thanks
MUMU VOTERS 9 years ago

If that would be the case, any out going prez should publish his/her dept from now on. Tell us the dept this government met without oil and our dept now.

If that would be the case, any out going prez should publish his/her dept from now on. Tell us the dept this government met without oil and our dept now.
john 9 years ago

When we were supporting foolish revolution what did we think we were sowing ?The revolution has now matured into NDC and now its hell.the revolution gave us cerfews and the NDC dum sor and a huge debt burden. And we executed ...
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When we were supporting foolish revolution what did we think we were sowing ?The revolution has now matured into NDC and now its hell.the revolution gave us cerfews and the NDC dum sor and a huge debt burden. And we executed poele for GHC 50.00 . Oh Ghana
wwc 9 years ago

Now i know this man is suffering from myopic brains, infected by propaganda and complicated by foolishness. Now u know the dept situation in the country is not good hence y are bleming others. When u were busy borrowing money ...
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Now i know this man is suffering from myopic brains, infected by propaganda and complicated by foolishness. Now u know the dept situation in the country is not good hence y are bleming others. When u were busy borrowing money to steal u said borrowing is not bad because all nations borrow.Simple logic will tell u that the amount u borrowed in less than 8 years is just unpresidented
Andy K- Kumasi 9 years ago

Mediocrity! We can never get the best from most African leaders! l still suggest that, like the way we hire white coaches who perform, we should hire white leaders too and we will get the results! The blackman is never capabl ...
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Mediocrity! We can never get the best from most African leaders! l still suggest that, like the way we hire white coaches who perform, we should hire white leaders too and we will get the results! The blackman is never capable of managing his own affairs.
dunaa 9 years ago

This tendency of the social Democrats to place blame on other people being shown by the NDC government reminds me of Barack Obama's approach to governing in the United States. Philosophically, I am not in favor of ANY governm ...
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This tendency of the social Democrats to place blame on other people being shown by the NDC government reminds me of Barack Obama's approach to governing in the United States. Philosophically, I am not in favor of ANY government in any country having, or trying to gather all power to itself. But that's the core believe if these social Democrats. The irony is that while the preach government control, they seem to practise "crony capitalism" in its most crass form! When a government controls both the legislature and the executive branches if government, it is beyond me how they can disclaim responsibility for existing problems. When they took over control of the government, they ought to have known the existing obligations and integrated that into their planning!
mensah abrampa 9 years ago

How much was the debt burden in 2008 when the state administration changed from NPP to NDC administrators in 2008? We can even stretch the debt comparison to cover the Rawlings administration period which was also NDC, from19 ...
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How much was the debt burden in 2008 when the state administration changed from NPP to NDC administrators in 2008? We can even stretch the debt comparison to cover the Rawlings administration period which was also NDC, from1992 to 2000. What at all have have they spent the huge loans on? It's time for some serious accountability because we can no longer trust their words. Huge loans but very little accomplished.
Woyome 9 years ago

Please resign. Its not the fault of everyone who does not perform

Please resign. Its not the fault of everyone who does not perform
Kwame Safo 9 years ago

This is entirely your fault Mr Minister. We know that you failed to honour many of the financial commitments entered in by your predecessors for political reasons. Forgetting that these were international agreements. The reas ...
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This is entirely your fault Mr Minister. We know that you failed to honour many of the financial commitments entered in by your predecessors for political reasons. Forgetting that these were international agreements. The reason Ghana is suffering today is because of the intransigence of your government. Please sit up and work at solving the myriad of problems and stop the blame game. You people think that government is for chilling. Work and stop the noise you dead goats!
trueGhanaian 9 years ago

Most people don't know that when you issue a bond you are borrowing money.

Kuffor's $750 million Eurobond issue at about 8% interest in the later part of 2000 was something that was unwise in the financial industry.

The ...
read full comment

Most people don't know that when you issue a bond you are borrowing money.

Kuffor's $750 million Eurobond issue at about 8% interest in the later part of 2000 was something that was unwise in the financial industry.

The interest payment alone before the loan is paid is something that I said
at the time will bankrupt Ghana - Not politics but from financial engineer's point of view.
Yusif 9 years ago

Do you know something I think is your father's fault then dtupid people like you called themselves ministers oh mother ghana paaaaaa nieeeeee

Do you know something I think is your father's fault then dtupid people like you called themselves ministers oh mother ghana paaaaaa nieeeeee
Nyansasem 9 years ago

How does a party/government move a country forward, when everything they do is with an eye towards re-election. The NDC's strategy has been to have a littany of project littered through every single region, so at the end of 4 ...
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How does a party/government move a country forward, when everything they do is with an eye towards re-election. The NDC's strategy has been to have a littany of project littered through every single region, so at the end of 4 years they can go to them and say "see what we've done here, vote for us." So we haven't had leadership or any transformation since project managers are running the country. Since we don't have internally generates funds to support these initiatives, the govt has had to recklessly borrow. So what value is it to you if they put a hospital in your community but you can't afford to go there because you don't have a job? How many of you would deem it wise in your personal circumstances to borrow so much that 90% of your salary is used to repay your loans? Furthermore, of how much value are these projects to you when your personal economic fortunes have dwindled? Have we expanded our economy to create jobs for the young people? Have we improved our economy so we no longer have to give away free uniforms to students? Instead we are touting as an achievement the fact that these numbers have increased. Mediocrity and low expectations kill development. Add excessive partisanship to the mix, in our case, and the result is the f*cked up country we have. Who is to blame? Well, look in the mirror; yeah you.
AMB 9 years ago

Hon Minister I love your level of tenacity, resilience and level of calmness. Please keep it up. May God continue to guide and protect you.

Hon Minister I love your level of tenacity, resilience and level of calmness. Please keep it up. May God continue to guide and protect you.
AKONFEM MAHAMA 9 years ago

What did you do with the billions you have borrowed.

What did you do with the billions you have borrowed.
Yaw Ohemeng 9 years ago

No one should believe Terkper on this one. If you want the truth on the debt situation refer to budgets from 2009 to 2015. Even the 2015 one has graphs showing trends.

At the end of 2008, total public debt was GS9.5bn and ...
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No one should believe Terkper on this one. If you want the truth on the debt situation refer to budgets from 2009 to 2015. Even the 2015 one has graphs showing trends.

At the end of 2008, total public debt was GS9.5bn and interest payments amounted to GS0.7bn. Now debt is over GS70.0bn and interest payment alone is greater than the debt this government met - GHS9.6bn.

How can he lie so blatantly about something available in the public domain?
United Ghana 9 years ago

Simple. They've been taking us for a ride for so long they think we are stupid

Simple. They've been taking us for a ride for so long they think we are stupid
KK 9 years ago

Not entirely our fault........really?

Not entirely our fault........really?
Efo Kwaku Canada 9 years ago

The first years of Atta Mills administration Ghana economy received growth why? Because of K4 administration structures that was laid by men of wisdom, after seven years you idiots and fools administration led by vision ...
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The first years of Atta Mills administration Ghana economy received growth why? Because of K4 administration structures that was laid by men of wisdom, after seven years you idiots and fools administration led by visionless Mahama have guts to manipulate Ghanaians with blame game? NDC is cursed party with bunch of idiots and criminals, you guys don't have enough wisdom to implement good policies that is your problem, not pass gov't
Prophet 9 years ago

dont tell us LIES most debt comes from your govt borrow and share chop chop has all accumulate this

dont tell us LIES most debt comes from your govt borrow and share chop chop has all accumulate this
GBEWAA 9 years ago

I ONLY PITY THE GHANAIAN DIASPORA WHO EXPORT THEIR STUFF TO GHANA'S PORTS, MAINLY TEMA AND AIRPORT.

GRA AND CEPS (CUSTOMS) WILL SCREW THE HELL OUT OF THEIR FINANCES.

WARNING TO EXPORTERS TO GHANA:

STAY OUT OF GHA ...
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I ONLY PITY THE GHANAIAN DIASPORA WHO EXPORT THEIR STUFF TO GHANA'S PORTS, MAINLY TEMA AND AIRPORT.

GRA AND CEPS (CUSTOMS) WILL SCREW THE HELL OUT OF THEIR FINANCES.

WARNING TO EXPORTERS TO GHANA:

STAY OUT OF GHANA CEPS & GRA. THEY ARE ALL CRIMINALS IN COLLUSION WITH GOVERNMENT TO EXPLOIT AND EXTORT MONIES FROM IMPORTERS THROUGH WICKED TAX REGIMES!

STAY OUT OF GHANA CUSTOMS AND GHANA REVENUE AUTHORITY. STAY OUT OF EXPORTS TO GHANA ALL TOGETHER.
Carol 9 years ago

This is sad, instead of finding solutions he is playing the blame game.
This is a scenario where a incompetent/bad workman blames his tools.

This is sad, instead of finding solutions he is playing the blame game.
This is a scenario where a incompetent/bad workman blames his tools.
DEPORT FOREIGN MUSLIMS ASAP 9 years ago

COMMON SENSE - OIL PRICE WILL NOT TRADE HIGH FOREVER . EVERY BUSINESS IS ALWAYS LIKE THAT THE STOCKS TRADING DO GO UP AND DOWN . NDC MUST LEARN HOW TO APPLY FOR LOAN IN THE NEAR FUTURE EXAMPLE GOLD , OIL , SILVER , BEANS A ...
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COMMON SENSE - OIL PRICE WILL NOT TRADE HIGH FOREVER . EVERY BUSINESS IS ALWAYS LIKE THAT THE STOCKS TRADING DO GO UP AND DOWN . NDC MUST LEARN HOW TO APPLY FOR LOAN IN THE NEAR FUTURE EXAMPLE GOLD , OIL , SILVER , BEANS AND DIAMOND PRICE NEVER STAYS THE SAME .
Francis TETTEH 9 years ago

I want to inform Ghana education service and the media that some of the Senior high schools are charging fuel fess example abuakwa state college Abusco Senior high school 20 Ghana cedis per head for the term the head master ...
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I want to inform Ghana education service and the media that some of the Senior high schools are charging fuel fess example abuakwa state college Abusco Senior high school 20 Ghana cedis per head for the term the head master said it is taking effect from this term he also mentioned other government schools in Accra and eastern region who are into that. some monies were collected to purchase bus for the school but the PETA executives members and the head master have used the money to repair an old bus without discussing it with the at a general Pta and who are you to ask the head master will insult you. some of this things came to light yesterday day at a general pta meeting . also every term parents pay 50 Ghana cedis as studies fess and after we have paid for the school fees we do pay for bed fees again and 28 Ghana cedis as house dues every term. some parents couldn't pay fully for their children when schools resumed they were asked to sleep at the back of the gate until day break
tony 9 years ago

Stupid talk, is who fault? always blaming the past government we all saw how Ghana was during Kuffour administration even though I didn't agreed all his policies.

Stupid talk, is who fault? always blaming the past government we all saw how Ghana was during Kuffour administration even though I didn't agreed all his policies.
Kpeblo 9 years ago

The mahama admn. Should accept responsibility for their incompetence and mistakes made and look for better ways to correct them. Ghanaians are really suffering and always playing the blame game won't help solve any problem.

The mahama admn. Should accept responsibility for their incompetence and mistakes made and look for better ways to correct them. Ghanaians are really suffering and always playing the blame game won't help solve any problem.
Agyakwakuo Twumpuduo 9 years ago

NDC government, it is not our fault?
The roads are bad,it is not our fault;
Hospitals lack drugs,it is not our fault, Our schools lack the necessary learning and teaching tools it is not our fault;There is corruption everyw ...
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NDC government, it is not our fault?
The roads are bad,it is not our fault;
Hospitals lack drugs,it is not our fault, Our schools lack the necessary learning and teaching tools it is not our fault;There is corruption everywhere,it is not our fault......,
Terkper says, the economic problems are not their fault. It is your grandfather and all those associated with him's fault. We are breeding more foolish people in Ghana than wise people.
How on earth will all the ACADEMICS and important and educated people sit on the fence and allow the NDC take Ghana back to the IMF...Are we as Ghanaians becoming animals? We have jettisoned common sense and replaced it with EMOTIONS to tackle national issues...and throughout world history all nations that never practised THOUGHT THROUGH measures end up in the pocket of the IMF..Idiots
HAZOR 9 years ago

To frank,what nonsense is the finance minister saying the debt situation not entirely their fault but whose fault?Has the finance minister develop a myopia syndrome that president Mahama use his own power not approved by parl ...
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To frank,what nonsense is the finance minister saying the debt situation not entirely their fault but whose fault?Has the finance minister develop a myopia syndrome that president Mahama use his own power not approved by parliament took take GHC 8.7 billion at that time equivalent to US$4.3 billion to buy cars for Legon students and deodorants with his picture on it to insut the people in the Tani and Kojokrom telling them that their armpit stinks so they should deodorant their armpit.If it is not your fault that stop that create,loot and share and that nonsense capacity building and all the nonsense terms used to synphon or siphon from public pause.It is general public fault that your administration is over- broaded and tripple construction cost why woun't our debt excalate.From 1957 to 2008 out natiomal debt stood at $9.8 billion and you took the debt to $27 billion and sitting there talking nonsense that is not your fault.
Victor A. Young 9 years ago

NDC is always finding excuses for their own mistakes. They want to shift the blame on others. If the finance minister means what he's saying then why did the NDC force their way into power when they knew that they didn't have ...
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NDC is always finding excuses for their own mistakes. They want to shift the blame on others. If the finance minister means what he's saying then why did the NDC force their way into power when they knew that they didn't have any clues about making Ghana prosper by fulfilling their numerous election campaign promises?
ABUBAKARI 9 years ago

kwasea, you got an imbecile who wear woman coat as general secretary what do expect

kwasea, you got an imbecile who wear woman coat as general secretary what do expect
salifu 9 years ago

This is pepe last chance for president in Ghana two times no improvement corruption

This is pepe last chance for president in Ghana two times no improvement corruption
Drop Aponkye funu Mahama 9 years ago

Now it is left with bones

Now it is left with bones
Joe ACCA 9 years ago

come to UK for better trained accountants

come to UK for better trained accountants
boasiako 9 years ago

so who do you blame is that my fault ?you are incharge look at what you people did in 2012 you did everything to get power. and now blame who?:better ghana agenda indeed.

so who do you blame is that my fault ?you are incharge look at what you people did in 2012 you did everything to get power. and now blame who?:better ghana agenda indeed.
BALLOT BOX 9 years ago

When Ghana is being governed by Mahama-led NDC govt of thieves with a borrow to loot mentality, what does Terkper mean by debt situation not entirely our fault?
Who has been thieving the borrowed funds, inflating contracts ...
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When Ghana is being governed by Mahama-led NDC govt of thieves with a borrow to loot mentality, what does Terkper mean by debt situation not entirely our fault?
Who has been thieving the borrowed funds, inflating contracts and creaming off of it, and also mashing it indiscriminately on current expenditure? Is it the dwarves Anita DeSoso eloquently talked about?
When Dr. Bawumia and a host of others were speaking to the issues, Kwetey and the horde of incompetents in the NDC were making ugly noises.
Today what the brilliant economist Dr. Bawumia was talking about have all manifested and Ghana is a goner.
We take consolation in the fact that, there is brilliance in this country that can fix this mess created by NDC party and govt thieves and they will fix it when the NDC party and govt thieves are jettisoned at the ballot box in 2016.
HAZOR 9 years ago

The finance Minister said the debt situation is not entirely their fault and the question he need to answer is who fault.Is ate finance Minster trying to insult our intelligence when dead goat president Mahama admit he has ea ...
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The finance Minister said the debt situation is not entirely their fault and the question he need to answer is who fault.Is ate finance Minster trying to insult our intelligence when dead goat president Mahama admit he has eaten all the meat to the bone through dobious means and ways,then whose fault is it?
Nope 9 years ago

IT Is not only borrowing thhat is making the economy suffer but also some bad practices .

IT Is not only borrowing thhat is making the economy suffer but also some bad practices .

Debt situation not entirely our fault – Terkper

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