IMF renegotiation will be fatal mistake – Terkper

Read Article

Comments (38)

This article is closed for comments.

Read Comments Comments (38)

BB 8 years ago

GOOD ADVICE!!!!

GOOD ADVICE!!!!
Concerned 8 years ago

This is a country which does not need to borrow but has decided to go to an organisation which seeks it's own interest rather than it's customers interest. The lessons this minister have learnt from the Greek crisis is obviou ...
read full comment

This is a country which does not need to borrow but has decided to go to an organisation which seeks it's own interest rather than it's customers interest. The lessons this minister have learnt from the Greek crisis is obviously the wrong one. The arguments the Greeks are making is the conditions set by the imf does not suit them but for five years have rather worsen their situation and affecting their sovereignty. The imf have asked us to sell some of our valuable state properties to western countries to our detriment. A former British ambassador warned us recently pointing out the fact that coercive measures which resulted in us giving part of VRA operations have resulted in disproportionate profit being made by foreign countries at our expense.
The whole greek issue is about borrowing too much which is leading to more borrowing just to pay off previous debts and making the interest payments unbearable. Has the minister learnt that lesson?????
John 8 years ago

This Minister thinks all Ghanaians are foolish like NDC followers,Ghana has gone pass Greece long ago infact we're far below on the ladder.We're only lucky we don't belong to the EU.Lowest Greek pension is around EURO400/mont ...
read full comment

This Minister thinks all Ghanaians are foolish like NDC followers,Ghana has gone pass Greece long ago infact we're far below on the ladder.We're only lucky we don't belong to the EU.Lowest Greek pension is around EURO400/month.
PRINCE KWASI ADADE (OFIE P33) 8 years ago

BAWUMIA WARNED NDC OF FINANCIAL INDISCIPLINE SEVERAL TIMES, THAT IF MAHAMA DOESN'T HEED HIS CALL WE WILL END UP PUTING OUR HANDS IN IMF'S MOUTH. THE PROBLEM IS, HOW CAN NDC NDWANFUN LISTEN? A DEAD GOAT CAN'T HEAR. WHEN THE GO ...
read full comment

BAWUMIA WARNED NDC OF FINANCIAL INDISCIPLINE SEVERAL TIMES, THAT IF MAHAMA DOESN'T HEED HIS CALL WE WILL END UP PUTING OUR HANDS IN IMF'S MOUTH. THE PROBLEM IS, HOW CAN NDC NDWANFUN LISTEN? A DEAD GOAT CAN'T HEAR. WHEN THE GOING BECAME TOUGH , NDC WENT TO SENCHI AND WITH THE ADVISE FROM THE LIKES OF AKUA DONKOR, HASSAN AYARIGA, ANITA DE SOSO, BRAINWORK MAN ASIEDU NKETIAH AND OTHERS, NDC TOOK DECISION TO GO TO IMF FOR A PALTRY SUM OF ABOUT $950 MILLION, AFTER BLOWING WELL OVER $27 BILLION WITH NOTHING TO SHOW FOR IT. NOW, IMF HAS BITTEN US, WE ARE FEELING THE PAIN AND YOU TELLING US EVERYTHING IS OK. I DON'T BLAME TEKPER AND CORRUPT, INEPT NDC!! I BLAME FOOLISH GHANAIAN VOTERS. WHEN PEOPLE WOKE UP AND QUEUED FROM AS EARLY AS 4AM TO CAST THEIR VOTES, I THOUGHT THEY WANTED TO REMOVE THE NDC GREEDY CORRUPT, INEPT BASTARDS FROM POWER, BUT THEY VOTED OTHERWISE . THERESULT OF VOTER STUPIDITY IS WHAT GHANAIANS ARE EXPERIENSING TODAY. THE ECONOMY IS IN TOTAL SHAMBLES. EVEN COCOA PRODUCTION, THE VERY BACKBONE OF OUR ECONOMY HAS SIGNIFICANTLY GONE DOWN. ENJOY THE BEAT, ALL GHANAIANS!!!!
Frank Agyena-Karikari 8 years ago

Is Tekper aware of what IMF has done to Spain, Greece and Portugal? Many of us who are not experts in Economics and accounting. If IMF can do that that to Western European countries, what about Ghana? This is a serious and da ...
read full comment

Is Tekper aware of what IMF has done to Spain, Greece and Portugal? Many of us who are not experts in Economics and accounting. If IMF can do that that to Western European countries, what about Ghana? This is a serious and dangerous venture that the government has taken. People will be unemployed for some time. The Cedi is going to fall flat and Ghanaians will continue to tight the belt. But those in government and MPs will continue to enjoy.
OYOKOBA 8 years ago

Frank, what Tepker should know or draw from Greece's despicable economic meltdown is that unbridled and excessive borrowing by an incompetent and corrupt government, such as the NDC, is a bridge to nowhere. The just ended Tal ...
read full comment

Frank, what Tepker should know or draw from Greece's despicable economic meltdown is that unbridled and excessive borrowing by an incompetent and corrupt government, such as the NDC, is a bridge to nowhere. The just ended Talensi by-election gives us a window into how the NDC will behave next year. For them to rush to make token projects in the ridding for an election which will have next to zero impact on their majority position in parliament should tell you that the fools have learnt nothing from how we got into the financial and economic mess we are in, thusly excessive spending in an election year to buy an election. John Mahama is a blockhead, I dare say.
Brian Williams 8 years ago

Ditto! ! The crooked NDC should not have gone to the IMF in the first place. Ghana generates enough income from its exports to need IMF HELP. The problem is without a shadow of a doubt, stealing from the nation's treasury by ...
read full comment

Ditto! ! The crooked NDC should not have gone to the IMF in the first place. Ghana generates enough income from its exports to need IMF HELP. The problem is without a shadow of a doubt, stealing from the nation's treasury by this stupid NDC government. Hell is on the way coming.
Omanba Pa, Islington-London! 8 years ago

Big liars evils, Satanists why is it that NDCV is so evil to Ghanaians? Dr Bawumia told you everything and you sewed insult upon insult on him now listening to what you are telling us? All of you will die hard one day.,

Big liars evils, Satanists why is it that NDCV is so evil to Ghanaians? Dr Bawumia told you everything and you sewed insult upon insult on him now listening to what you are telling us? All of you will die hard one day.,
KWAA 8 years ago

Greece is dealing with the IMF in Billions.Ghana on the other hand is talking about less than one billion with very bad conditions from the IMF.The conditions attached to this money,which we are going to receive in stages,wil ...
read full comment

Greece is dealing with the IMF in Billions.Ghana on the other hand is talking about less than one billion with very bad conditions from the IMF.The conditions attached to this money,which we are going to receive in stages,will bring more hardships to Ghanaians than what we are facing now,hence the call for renegotiation.But as usual this clueless Government is not thinking about the long term implications,rather the money they will get now to fill their pockets.
kwaku, Nsuta 8 years ago

If Mr. Tekper is conparing to Greece then it means Socialism is bullshit.

If Mr. Tekper is conparing to Greece then it means Socialism is bullshit.
OL Henry 8 years ago

This is a man who said dumsor wasn't bad afterall. Do you trust him?

This is a man who said dumsor wasn't bad afterall. Do you trust him?
Prosper Amevor Ho 8 years ago

We told you not to go IMF but becos your slogan is ( yentio obiaa) you now see what your are going through.You have not seen anything yet.devilish ndc people

We told you not to go IMF but becos your slogan is ( yentio obiaa) you now see what your are going through.You have not seen anything yet.devilish ndc people
Joe BSc MBA FAIA, ACCA, CPA 8 years ago

Accountants are doers, not talkers. Don't tell us, do it

Accountants are doers, not talkers. Don't tell us, do it
Seth 8 years ago

He's just a disgrace to the accounting profession,I don't think any company will employ him when NDC loses 2016 election.Just compare him to Late Baah Wiredu & you'll understand.Can't he resign assuming Mahama is disturbing h ...
read full comment

He's just a disgrace to the accounting profession,I don't think any company will employ him when NDC loses 2016 election.Just compare him to Late Baah Wiredu & you'll understand.Can't he resign assuming Mahama is disturbing him.
BBC NEWS !!!!!!!!!!!!!!!!!!!!!!!!!!!! 8 years ago

YOU AND YOUR DEAD GOAT MASTER NEVER LISTENS TO ADVICE THAT IS WHY GHANA IS NOW SUFFERING LIKE THAT

YOU AND YOUR DEAD GOAT MASTER NEVER LISTENS TO ADVICE THAT IS WHY GHANA IS NOW SUFFERING LIKE THAT
George 8 years ago

You are now coming home my brother

You are now coming home my brother
kwasi 8 years ago

MR TEKPER YOU ARE A TRADER YOU SOLD GHANA FOR SMALL CHANGE AND NOW YOU TALK?LOSER YOU BELONG IN JAIL O

MR TEKPER YOU ARE A TRADER YOU SOLD GHANA FOR SMALL CHANGE AND NOW YOU TALK?LOSER YOU BELONG IN JAIL O
Ghabay,NY 8 years ago

You see,most people in talensi don't even know what IMF is,they don't understand that the NDC is mismanaging the economy and leading us astray,therefore they voted NDC out it ignorance.Ghana's problem is illiteracy,soo many i ...
read full comment

You see,most people in talensi don't even know what IMF is,they don't understand that the NDC is mismanaging the economy and leading us astray,therefore they voted NDC out it ignorance.Ghana's problem is illiteracy,soo many ignoramuses in the system.
DHURUWAH 8 years ago

The Talensi people do not want Nana Addo, PERIOD. They want to see his Law Certificate.

The Talensi people do not want Nana Addo, PERIOD. They want to see his Law Certificate.
Ghabay,NY 8 years ago

"Out of ignorance",I meant.Sorry

"Out of ignorance",I meant.Sorry
VOICE OF REASON 8 years ago

And the death of or the resignation of the incumbent MP must be replaced by the MP party till the general elections....this is the only way to prevent buffoon presidents unleashing thugs on fellow Ghanaians not to mention the ...
read full comment

And the death of or the resignation of the incumbent MP must be replaced by the MP party till the general elections....this is the only way to prevent buffoon presidents unleashing thugs on fellow Ghanaians not to mention the unnecessary waste of taxpayers money
Mr. clary 8 years ago

What has Ghana to learn from Greece's problems you incompetent finance minister. Do your homework. Greece is Greece and Ghana even more failed state than Greece. Don't go searching for excuse.

What has Ghana to learn from Greece's problems you incompetent finance minister. Do your homework. Greece is Greece and Ghana even more failed state than Greece. Don't go searching for excuse.
victor in london 8 years ago

There is no need for this stupid borrowing. How can a nation like Ghana with all resources under this sun go around the world borrowing. Do the minister know the consequences of over borrow. Ghana will soon get a minister and ...
read full comment

There is no need for this stupid borrowing. How can a nation like Ghana with all resources under this sun go around the world borrowing. Do the minister know the consequences of over borrow. Ghana will soon get a minister and ministry in charge of borrowing.
NANA AKUFO ADDO 8 years ago

ONE BEHIKE CUBAN CIGAR FOR TERKPER.
BRILLIANT GUY.
LONG LIVE MAHAMA.
LONG LIVE TERKPER.
LONG LIVE GHANA.

ONE BEHIKE CUBAN CIGAR FOR TERKPER.
BRILLIANT GUY.
LONG LIVE MAHAMA.
LONG LIVE TERKPER.
LONG LIVE GHANA.
NANA 8 years ago

PEOPLE LIKE THAT DISGUST ME,,OVER 3000 NURSES LEFT HOME AFTER SERVICE,WHILES THEIR SERVICES ARE URGENTLY NEEDED.THE IMF HAS THAN DONE US GREAT HARM IN THE EMPLOYMENT SECTOR & U THERE PRAISING BLINDLY.

PEOPLE LIKE THAT DISGUST ME,,OVER 3000 NURSES LEFT HOME AFTER SERVICE,WHILES THEIR SERVICES ARE URGENTLY NEEDED.THE IMF HAS THAN DONE US GREAT HARM IN THE EMPLOYMENT SECTOR & U THERE PRAISING BLINDLY.
Vicky 8 years ago

How did a Country like Ghana with all the resources we have, end up with I.M.F in the first place? We've proven to the World that our Independence meant nothing because of our stupid incompetent politicians who don't know ...
read full comment

How did a Country like Ghana with all the resources we have, end up with I.M.F in the first place? We've proven to the World that our Independence meant nothing because of our stupid incompetent politicians who don't know how to run a small Country like Ghana and called themselves Honorables.
They are Career Politicians who don't have what it takes to run a business.
They are White Collar Hoaxes with no Brains. All they know is to loot and run the Country down the drain.
This is the reason why we Africans can never be respected. We are back into square one with our Colonial system where our masters can tell us how to live our lives.
Thanks to our STUPID LEADERS.
Israel Jude 8 years ago

we will learn a good lesson when you, a dirty dead looking face you are, resign as your colleague finance minister resigned in Greece!

we will learn a good lesson when you, a dirty dead looking face you are, resign as your colleague finance minister resigned in Greece!
Aka 8 years ago

THE BIIIIG QUESTION IS, HOW DID WE GET HERE.??? HOW DID WE GET INTO THIS MESS????????!!!!!!!!!!

THE BIIIIG QUESTION IS, HOW DID WE GET HERE.??? HOW DID WE GET INTO THIS MESS????????!!!!!!!!!!
Terkpenor 8 years ago

Is only the big fools that makes comment about the things that is going on in Ghanaian governance.

Is only the big fools that makes comment about the things that is going on in Ghanaian governance.
Whatever 8 years ago

Who says we want to renegotiate deal with IMF? Our relationship with the IMF will be terminated. It is only a matter of time. We will terminate it! How did the cedi appreciate under Professor Mills. Mills knew the dastard mot ...
read full comment

Who says we want to renegotiate deal with IMF? Our relationship with the IMF will be terminated. It is only a matter of time. We will terminate it! How did the cedi appreciate under Professor Mills. Mills knew the dastard motives of the IMF that is why immediately upon assumption office, went to limits to bring in Chinese money and begun hedging of oil prices. Common sense, he kept the fluctuating variables in the economy under control that is why the economy grew unprecedented with no restrictions on it. Unfortunately that is not what Terkper is doing. He's now a robot of the IMF carrying out instructions like the critical part of his brain is dead as misery intensifies. The sanctions that the West imposed on Russia has not yielded fruit because Russia has taking seriously and deepened its ties with China. Ghana was the country which campaigned for China to get Veto power in the security Council, how on earth can we behave like this? Don't we know our allies since time immemorial? China told us that they have set up $400 billion of funds to be used for concessionary lending. China considers us a strategic ally in the world and will never abandon us and yet we are here. so Terkper should explain why he's chasing a paltry $150 million from the IMF and intensifying the misery on around us
PEKI TUMU 8 years ago

Seth Terkper is swallowing the constitutionalities imposed by the IMF for its recent loans to Ghana , on the understanding that they are home grown solutions.If they are home grown, then the thinking that has gone into the ...
read full comment

Seth Terkper is swallowing the constitutionalities imposed by the IMF for its recent loans to Ghana , on the understanding that they are home grown solutions.If they are home grown, then the thinking that has gone into their make up is full of holes.

A growing population need more health facilities and with these more health professionals The government facilities in this sector cannot employ more of such people because of the block imposed by the IMF. A thinking government should ,to meet the needs half way, be encouraging voluntary fundraising with perhaps, tax breaks to help the hospitals engage some of these people. It is not too late to think about this approach.

As for the Universities, my sympathies are not entirely with them about the block on filing their vacancies.

These academics are the brains of our country. Their communities should be doing more to reduce their dependency on government funding. They really must aim to be financially self sufficient and show us all that if put in charge of our national politics, they will do better than the politicians and make us really a prosperous country.

There are many ways in which they can raise funds. Theyshould think about using some of these professionally to do so. It must be a very serious concern of theirs. They can demonstrate this concern by appointing a Pro Vice Chancellor for this specific task.

Universities here in the UK. such as University of Birmingham, is going into Sports in a big way in order to not only to provide opportunities for many to participate, it is also to supplement its income.

Why are our Universities not going into Agriculture, for example in a big way to supplement their funding and to help the country self sufficiency in food and in food security. The extra income generated could also help employ more staff.

Below are what the Asantenene thinks about these conditionalities. He is of course the Chancellor of Kumasi University.
"Last Friday, the Asantehene, Otumfuo Osei Tutu II, appealed to the government to reconsider its freeze on employment and grant public universities and other higher educational institutions a special dispensation for them to fill vacancies in their academic staff.
Kwame Ghanaba 8 years ago

Thieves thieves thieves. We will hand you over, come time to repay the debt. You sign for it, you pay for it. We the people of Ghana owe no debt. Unite GH.

Thieves thieves thieves. We will hand you over, come time to repay the debt. You sign for it, you pay for it. We the people of Ghana owe no debt. Unite GH.
ras ab 8 years ago

Oh yes of course this tell us that we don't need to borrow from them again because they always want us to get from them so therefore they can got space and build for themself :actually greek peoples show to me that this inte ...
read full comment

Oh yes of course this tell us that we don't need to borrow from them again because they always want us to get from them so therefore they can got space and build for themself :actually greek peoples show to me that this international creditors has nothing to offer for world neither ghana will go there and ask for loan!
GHANANI 8 years ago

Any government which goes to the IMF for financial support is a failure.The government has failed the nation.I challenge it to hold a referendum on whether Ghanaians accept it going to the IMF or not.

Any government which goes to the IMF for financial support is a failure.The government has failed the nation.I challenge it to hold a referendum on whether Ghanaians accept it going to the IMF or not.
GHANANI 8 years ago

What is Tekper saying?I am convinced that he does not understand what the Greek situation is all about.Going to the IMF signifies a monumental failure on the part of the government to manage the economy well.The government do ...
read full comment

What is Tekper saying?I am convinced that he does not understand what the Greek situation is all about.Going to the IMF signifies a monumental failure on the part of the government to manage the economy well.The government does not deserve any more mandate from ghanaians to rule the nation.
oli 8 years ago

Greece problem need to be caution by Africans,that the so called Europeans can never help as in any way

Greece problem need to be caution by Africans,that the so called Europeans can never help as in any way
RULE OF LAW 8 years ago

This man is the problem of Ghana's economic woes.He can't do the job. Accounting is very different from ECONOMICS. That is why he has invited the IMF people here. He is arrogant too so he would not listen to simple economics ...
read full comment

This man is the problem of Ghana's economic woes.He can't do the job. Accounting is very different from ECONOMICS. That is why he has invited the IMF people here. He is arrogant too so he would not listen to simple economics advice. It's about time the president sack him before we sink further. Other NDC Economists are there. The president should know that that ministry is economic and finance BUT NOT an Accounting ministry. Our leaders should learn common sense.
JDM KILLED MILLS 4 FREE 8 years ago

EVILS,CRIMINALS,JUJU MAFIAS,CORRUPT,DEAD GOATS,MAHAMA DOGS IN POWER,FOOOOOOLS

EVILS,CRIMINALS,JUJU MAFIAS,CORRUPT,DEAD GOATS,MAHAMA DOGS IN POWER,FOOOOOOLS

IMF renegotiation will be fatal mistake – Terkper

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (38)

Read Comments Comments (38)