DR BAWUMIA ,THE ECONOMIC PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of lega ... read full comment
DR BAWUMIA ,THE ECONOMIC PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, there is the issue of prudence in the management of Ghana’s resources. How do you go and borrow money for 10.75% (US dollar) and give it to someone to lend it to you at over 20% (GHC)? In effect you are paying over 30%! Assuming stable exchange rates, Ghana will be paying additional interest of at least $50 million a year on this transaction. It really is reckless. The government is claiming that the funds were “idle”. Really? What does that mean? Why do you borrow funds and pay interest on it if you do not have use for them at the moment? It is clear that the GIIF does not have a portfolio of projects ready to invest in and it is weird to allocate a whopping sum of $250 million to them at this time. Is the Minister aware that the country owes N-Gas some $100 million? What about other contractors who are owed money by the government? How can you owe so much, have so much to do and yet claim to have “idle” borrowed funds? The allocation of such an amount to a private bank also has major macroeconomic consequences for a relatively small economy like Ghana. It increases the deposits of the banking system and ultimately the money supply. It has inflationary and exchange rate depreciation consequences and would make it more difficult for the government to meet its inflation target. I am surprised that the government is oblivious of these consequences. The Funds should stay at the Bank of Ghana. After all the Bank of Ghana, on its own or through its external fund managers of the caliber of internationally reputable banks like UBS, JP Morgan, Citibank, Merrill Lynch etc. can undertake whatever investment of the country’s foreign exchange that the government would like it to undertake
Frank Agyena-Karikari 7 years ago
Maame Konadu, why don't you leave politics? Is it because you have so much money to waste? You know pretty well that you cannot even win a single seat in parliament. There are some Ghanaians ready to chop your money for you.
Maame Konadu, why don't you leave politics? Is it because you have so much money to waste? You know pretty well that you cannot even win a single seat in parliament. There are some Ghanaians ready to chop your money for you.
USMAN 7 years ago
The EC boss is lazy in thinking and in deeds. Is this the person nominated for the Ghanaian Supreme Court bench? Waoa, any idiot can be on our Supreme Court bench. Any idiot who takes EC to court will surely win because that ... read full comment
The EC boss is lazy in thinking and in deeds. Is this the person nominated for the Ghanaian Supreme Court bench? Waoa, any idiot can be on our Supreme Court bench. Any idiot who takes EC to court will surely win because that lazy moron parading herself as the EC boss cannot take any good quality decision for herself not to talk of mother Ghana. Look at how obese she is. Tell me if she thinks well of her health.
Dela Frimpong 7 years ago
If konadu's so called party is good let your daughter stand on the ndp. Stop disturbing the ndc with your hatred.
If konadu's so called party is good let your daughter stand on the ndp. Stop disturbing the ndc with your hatred.
Kojo 7 years ago
A vagina smelling old lady. A greedy bitch who stole my land. What is it that you want again? What has Jerry seen in your smelling ass? How can you be so wicked to such extend? Today, the wee smoker, Nana Addo is your friend ... read full comment
A vagina smelling old lady. A greedy bitch who stole my land. What is it that you want again? What has Jerry seen in your smelling ass? How can you be so wicked to such extend? Today, the wee smoker, Nana Addo is your friend. Foolish bitch. Who cares if your daughter lose the elections? Naniama. As for Jerry, his end is just around he corners. A betrayal of his own tribe. Fools. Murderers.
Samuel Otchere 7 years ago
Political parties are formed with people and one is chosen as the leader so if the leader is doing something wrong that should be corrected. If it is a liar that according to the NDC constitution if you are not a registered N ... read full comment
Political parties are formed with people and one is chosen as the leader so if the leader is doing something wrong that should be corrected. If it is a liar that according to the NDC constitution if you are not a registered NDC member you can contest the NDC seat anywhere Flt. Lt. Rawling and his wife should be bold and say it.Why is Flt. Lt. Rawling silent on this because he knows his daughter is wrong. On the other hand Konadu should know that her husband being a founder of a party that not guarantee that when he does anything wrong they should not say it. When Konadu was made the founder of 31st Dec. Movement it was people who projected it to higher level but when she started not to respect those people they all withdraw and it collapsed. Konadu should obey our constitution and contest the election in Ghana and stop making noise.
Bishop Bla 7 years ago
Is this funny woman listening to herself ?She claims the N.D.C. is a corrupt political party
yet she has no qualms supporting her daughters bid as an MP on the ticket of the N.D.C. In essence, she hates dog meat but prefers ... read full comment
Is this funny woman listening to herself ?She claims the N.D.C. is a corrupt political party
yet she has no qualms supporting her daughters bid as an MP on the ticket of the N.D.C. In essence, she hates dog meat but prefers the soup.
Anita 7 years ago
You n your daughter are abreast with the Genesis of the party but unaware she needs a voter's ID? Hypocrite!
You n your daughter are abreast with the Genesis of the party but unaware she needs a voter's ID? Hypocrite!
nana kondu is wicked 7 years ago
nana kondu destroy her own families unite
nana kondu destroy her own families unite
Opoku 7 years ago
Nonsense what is Genesis,we're taking about today and how the country can move forward,it's not somebody who brake the prison to free your husband, to become pndc,ndc, that person,don't even call him self genesis,
Nonsense what is Genesis,we're taking about today and how the country can move forward,it's not somebody who brake the prison to free your husband, to become pndc,ndc, that person,don't even call him self genesis,
This old lady should gv us break..
DR BAWUMIA ,THE ECONOMIC PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of lega ...
read full comment
Maame Konadu, why don't you leave politics? Is it because you have so much money to waste? You know pretty well that you cannot even win a single seat in parliament. There are some Ghanaians ready to chop your money for you.
The EC boss is lazy in thinking and in deeds. Is this the person nominated for the Ghanaian Supreme Court bench? Waoa, any idiot can be on our Supreme Court bench. Any idiot who takes EC to court will surely win because that ...
read full comment
If konadu's so called party is good let your daughter stand on the ndp. Stop disturbing the ndc with your hatred.
A vagina smelling old lady. A greedy bitch who stole my land. What is it that you want again? What has Jerry seen in your smelling ass? How can you be so wicked to such extend? Today, the wee smoker, Nana Addo is your friend ...
read full comment
Political parties are formed with people and one is chosen as the leader so if the leader is doing something wrong that should be corrected. If it is a liar that according to the NDC constitution if you are not a registered N ...
read full comment
Is this funny woman listening to herself ?She claims the N.D.C. is a corrupt political party
yet she has no qualms supporting her daughters bid as an MP on the ticket of the N.D.C. In essence, she hates dog meat but prefers ...
read full comment
You n your daughter are abreast with the Genesis of the party but unaware she needs a voter's ID? Hypocrite!
nana kondu destroy her own families unite
Nonsense what is Genesis,we're taking about today and how the country can move forward,it's not somebody who brake the prison to free your husband, to become pndc,ndc, that person,don't even call him self genesis,