Electing DCEs could draw them to municipal bonds

This article is closed for comments.

Read Comments Comments (3)

Maslem 7 years ago

You shoud know how Ghanaians general public thinks.

You shoud know how Ghanaians general public thinks.
Adongo 7 years ago

Hv you thought about repayment - the interest payments and then the value on maturity? When they default what happens? Central Govt pays?

You should draw lessons from South America and some states in the US which are now ...
read full comment

Hv you thought about repayment - the interest payments and then the value on maturity? When they default what happens? Central Govt pays?

You should draw lessons from South America and some states in the US which are now looking for bail outs. You should first expand the revenue base of the MMDAs before you expose them to the risk of borrowing.
Paapidi 7 years ago

Adongo, you are right on the money. While this type of borrowing can lead to magnificent results if the funds are well utilized, the most rudimentary thing for all districts to do, under the auspices of the central govt, is e ...
read full comment

Adongo, you are right on the money. While this type of borrowing can lead to magnificent results if the funds are well utilized, the most rudimentary thing for all districts to do, under the auspices of the central govt, is expanding their revenue base before any such move. Also capacity building at the local level cannot be over emphasized.