Terkper: Oil revenue not spent on wages

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Pelicles 8 years ago

Maame Ghana's purse is dry due to foolish spending under this useless governing party. Any sane mind in Ghana knows that they are using the oil money to pay wages. Even they borrow to pay wages so, what else? Apuu taa NDC.

Maame Ghana's purse is dry due to foolish spending under this useless governing party. Any sane mind in Ghana knows that they are using the oil money to pay wages. Even they borrow to pay wages so, what else? Apuu taa NDC.
The mask 8 years ago

Many families are saying that blog.boachsoft.com is the most helpful family finance resource they have ever come across.

Many families are saying that blog.boachsoft.com is the most helpful family finance resource they have ever come across.
mohammed nuru 8 years ago

This will solve all problems regarding the use of Oil Revenue.

Let us know what we received monthly from the Oil, what projects the revenue has been channeled into and the balance as a result.

once this is done, there w ...
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This will solve all problems regarding the use of Oil Revenue.

Let us know what we received monthly from the Oil, what projects the revenue has been channeled into and the balance as a result.

once this is done, there will be peace and all speculations stopped. PERIOD.
United Ghana 8 years ago

Publishing is not enough. An independent audit will be more useful because this govt are shameless liars.

Publishing is not enough. An independent audit will be more useful because this govt are shameless liars.
Saint Ghfuo: Nyantakyi must go! 8 years ago

GH. Sovereign Wealth Fund
*These Finance Ministers and politicians in Ghana must read these books.
*Book: "50years is enough", "Dying for growth: Global inequality and health of the poor".
*Govts must Invest in Health & E ...
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GH. Sovereign Wealth Fund
*These Finance Ministers and politicians in Ghana must read these books.
*Book: "50years is enough", "Dying for growth: Global inequality and health of the poor".
*Govts must Invest in Health & Education for the poor = Higher GDPs for Ghana!
*Corruption Endemic in Africa: Corruption was set up by the colonial overlords who used their western style education to train Africans to be bureaucrats in the civil service. Thus propagating bureaucracy and corruption to favor the colonialists. This is why Boko Haram for example are livid with the corrupt, fiscal number changing, election ballot stuffing, nature of these western educated, african govt bureaucrats in. Will Boko haram end up in Ghana? Why not?
If the government can attempt to find solutions to these 3 issues. Things will be better. Instead, they engage in nefarious corrupt practices. Which prevents foreign investors from coming in becos there is stealing and no transparency in govt. So there is no money in the economy. So ghana now has to borrow the funds from imf, china etc and then these same corrupt Govts will steal that too! People like these must be jailed or shot dead!
*Book: "Dead Aid" by Dambisa Moyo
Every economist, African leader, finance minister must read this book!
*Book: "why nations fail": an abundance of natural resources is a national curse!
These nations with natural resource wealth on average have worse financial economies than nations who don't. Why you ask? Weak institutions, corruption, bad governors, managers!
*Ghana Sovereign Wealth Fund by Martin Skankar.....Norwegian Ministry of Finance
What is "Dutch Disease"?
1. 30% of proceeds from oil, gold, diamonds, cocoa revenues etc should be deposited yearly in a Ghana Sovereign Wealth Fund account, a national 401k. This money will never be touched by any govt, period! This money will be invested all over the world in socially constructive projects. Projects to be excluded can include chemical nuclear projects, environmentally disastrous projects, product based exclusions like tobacco, walmart(human rights abuses) will all be excluded. The ROI from this fund will be used to supplement infrastructure projects, free education etc...
2. A National Gas/oil Tax: Tax Revenue on all consumer gas sales, tolls, solar, wind energy sales will be deposited yearly in a federally administered Highway Trust Fund to fund new and refurbishing roads and transportation initiatives. Add tax revenue from truck/4x4 sales for the list. List this fund on the gsx or in a mutual fund/bond. Flagstaff House will tap intl this Gas tax and match all funds ponied up by the respective regions/local govt. This is how Ghana can wean itself from poverty and begin to acquire wealth and economic sustainability. Borrowing, selling natural resources, corruption, non patriotic govts, no free public education, no healthcare for the people etc won't help Ghana!
KANAWU 8 years ago

HE IS RIGHT, THE OIL REVENUE WAS NOT SPEND ON WAGES OR SOLVING DUMSOR, THEY USED IT TO ACQUIRE MANSIONS ABROAD

HE IS RIGHT, THE OIL REVENUE WAS NOT SPEND ON WAGES OR SOLVING DUMSOR, THEY USED IT TO ACQUIRE MANSIONS ABROAD
Substitute Teacher 8 years ago

Seth, you were once somebody I respected, but after all the lies you keep spewing out you've lost any credibility. I wish for you to bury your head in shame.

Seth, you were once somebody I respected, but after all the lies you keep spewing out you've lost any credibility. I wish for you to bury your head in shame.
GBEWAA 8 years ago

IN THIS 21ST CENTURY, GHANA IS STILL STRUGGLING WITH 24/7 ELECTRICITY SUPPLY AMIDST EXPLOITATIVE ELECTRICITY AND OTHER TARIFF INCREASES AND OIL EXPORT REVENUES.

SADLY, THIS IS ALL HAPPENING MORE THAN 50 YEARS AFTER GHANA' ...
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IN THIS 21ST CENTURY, GHANA IS STILL STRUGGLING WITH 24/7 ELECTRICITY SUPPLY AMIDST EXPLOITATIVE ELECTRICITY AND OTHER TARIFF INCREASES AND OIL EXPORT REVENUES.

SADLY, THIS IS ALL HAPPENING MORE THAN 50 YEARS AFTER GHANA'S "INDEPENDENCE" FROM WHITE COLONIAL RULE.

GHANAIANS MIGHT AS WELL GET GHANA RE-COLONIZED BY THE WHITES BECAUSE IN THE WHITEMAN'S LAND, THERE'S NOTHING LIKE "DOMSOR", APART FROM THOSE RARE SHORT "DUMSOR" PERIODS CAUSED BY INCLEMENT OR DESTRUCTIVE WEATHER CONDITIONS LIKE SEISMIC SUB-TERRAINIAN MOVEMENTS, HURICANES OR TORNADOES.

OBVIOUSLY, "DUMSOR" CAN ONLY HAPPEN IN AFRICA, PARTICULARLY THOSE SOUTH OF THE SAHEL REGION, I.E. HOPELESS SUB-SAHARAN AFRICAN COUNTRIES.

NKRUMAH WOULD BE TREMBLING IN HIS GRAVE!

WHAT A SHAME!!!!
Fannie 8 years ago

Time for south Africa to manage the entire continent of Africa,we are gradually sliding into a dog eat dog continent,corruption,corruption.

Time for south Africa to manage the entire continent of Africa,we are gradually sliding into a dog eat dog continent,corruption,corruption.
Oboye 8 years ago

If the oil money is not used to pay wages then tell Ghanaians what the oil money was used You guys have being buying houses and mansions and ordinary Ghanaians are surffering. NDC can't even mark the road signs on Tema motorw ...
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If the oil money is not used to pay wages then tell Ghanaians what the oil money was used You guys have being buying houses and mansions and ordinary Ghanaians are surffering. NDC can't even mark the road signs on Tema motorway not even talk about electricity. You and your so call ndc have destroyed Ghanaian economy. The devil will punish you people (ndc ) Mother fuckers
Rogue Lawyer 8 years ago

it would be the greatest taboo to spend the oil Money on wages.

it would be the greatest taboo to spend the oil Money on wages.

Terkper: Oil revenue not spent on wages

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