US$2.25bn bond didn’t add to Ghana’s debt – Ofori-Atta tells Minority

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AGBESI KWESI 6 years ago

NPP is full of wisemen

NPP is full of wisemen
Zoobie-Zoobie 6 years ago

sad

sad
PRINCE KWASI ADADE (OFIE P33) 6 years ago

NDC MUST GO BACK TO COLLEGE AND COME AGAIN!! ----- THIS IS NOT THE NDC JJ RAWLINGS FORMED !!! NDC WILL TELL YOU FREE SHS AND 1 DIST. 1 FACTORY IS IMPOSSIBLE BUT THEY CAN ORDER CARS AT THE COST OF 10 MILLION DOLLARS!!! THEY CA ...
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NDC MUST GO BACK TO COLLEGE AND COME AGAIN!! ----- THIS IS NOT THE NDC JJ RAWLINGS FORMED !!! NDC WILL TELL YOU FREE SHS AND 1 DIST. 1 FACTORY IS IMPOSSIBLE BUT THEY CAN ORDER CARS AT THE COST OF 10 MILLION DOLLARS!!! THEY CAN BUILD A 14 MILLION DOLLAR VICE PRESIDENTIAL HOME HERE IN GHANA!! NOT FORGETTING THE 20 MILLION DOLLAR PARTY HQ !!!! ----- *** ---NPP IS TAKING OVER POWER ON THE 7TH OF JANUARY AND THEY ARE ASKING YOU TO ORDER 43 CARS FOR THEM ON 3RD JANUARY?? WHO ARE YOU ??? -- -- THE 200 CARS YOU SHARED AMONG YOURSELVES WERE NOT ENOUGH SO YOU ORDERED ADDITIONAL 43. THIEVES!! CREATE, LOOT AND SHARE NATION WRECKERS!!!!
Nana Kuffuor. Abeka. La Paz. 6 years ago

Look at this idiot Ofori Atta. If the bond did not add to the debt stock then was it a church offering or it was given to you as charity? Who are you trying to fool?

Look at this idiot Ofori Atta. If the bond did not add to the debt stock then was it a church offering or it was given to you as charity? Who are you trying to fool?
Abu- Adam Tamale 6 years ago

IF MY PARTY NDC HAS SOMETHING GOOD TO OFFER WE SHOULD HAVE BEEN IN POWER STILL BUT ABUSE OF POWER DISRESPECTFUL ACTS CORRUPTION CHOPPING POLLING STATIONS AGENTS MONIES HAS BROUGHT SUCH DISGRACE OUR MPS SHOULD SHUT UP THIS IS ...
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IF MY PARTY NDC HAS SOMETHING GOOD TO OFFER WE SHOULD HAVE BEEN IN POWER STILL BUT ABUSE OF POWER DISRESPECTFUL ACTS CORRUPTION CHOPPING POLLING STATIONS AGENTS MONIES HAS BROUGHT SUCH DISGRACE OUR MPS SHOULD SHUT UP THIS IS NOT BUS BLENDING
John 6 years ago

Is it free money?

Is it free money?
Zoobie-Zoobie 6 years ago

awful

awful
KPOKU 6 years ago

SO THE $2.5BN IS A GIFT? OMG!
YOU INCREASED GHANA'S DEBT BY $2.5BN AND U ARE LYING TO US. NPP THINKS WE CANT DO SIMPLE ARITHMETIC HUH. REDUCING A DEBT FINANCING COST DOESN'T MEAN OUR DEBT BALANCE IS THE SAME BEFORE N AFTER T ...
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SO THE $2.5BN IS A GIFT? OMG!
YOU INCREASED GHANA'S DEBT BY $2.5BN AND U ARE LYING TO US. NPP THINKS WE CANT DO SIMPLE ARITHMETIC HUH. REDUCING A DEBT FINANCING COST DOESN'T MEAN OUR DEBT BALANCE IS THE SAME BEFORE N AFTER THE $2.5BN BOND ISSUE. NPP SHOULD COME AGAIN N STOP LYING ALL OVER. CROOKS.
Adjua 6 years ago

Let me explain what it means.
Assume that you owe 1000 cedis and pay 10% interest per month. It means you owe 1000 cedis and pay 100 cedis interest per month. If you borrow another 200 cedis at 5% per month, and use the 200 ...
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Let me explain what it means.
Assume that you owe 1000 cedis and pay 10% interest per month. It means you owe 1000 cedis and pay 100 cedis interest per month. If you borrow another 200 cedis at 5% per month, and use the 200 cedis to pay part of the original 1000 cedis debt, you will now owe 1000 cedis (which is your original (1000 - 200) + 200 but your interest payment is now 10%(800) + 5%(200) = 90 cedis. All that the finance minister is saying is that the new bond was used to pay the old loan so the net debt has not changed.
CHE 6 years ago

Adjua - where is Ken Ofori-Atta ever asserted that he is going to use the proceeds from the new bond to pay down PRINCIPAL ON OLD DEBT? Your simplistic scenario only works if you use proceeds from the new bond to pay down som ...
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Adjua - where is Ken Ofori-Atta ever asserted that he is going to use the proceeds from the new bond to pay down PRINCIPAL ON OLD DEBT? Your simplistic scenario only works if you use proceeds from the new bond to pay down some of the principal on the old debt. THE NPP IS GOING TO USE PROCEEDS FROM THE NEW BOND ON SeRVICING INTEREST ON OLD DEBT AND NEW ENCUMBRANCES LIKE ITS OVERBLOATED LIST OF STATE MINISTERS. Anytime you have to borrow more funds to service interest payments on your debt, you are still caught in a messy DEBT TRAP PEONAGE.
Dunce 6 years ago

Please, don't waste your time on further explanation because NDC can't/won't understand it.

Please, don't waste your time on further explanation because NDC can't/won't understand it.
Kutsii 6 years ago

Criminals. Transparency and Ken Ofori Atta are poles apart. We are patiently waiting for the 216 factories.

Criminals. Transparency and Ken Ofori Atta are poles apart. We are patiently waiting for the 216 factories.
Aben Wo Ha 6 years ago

"He reiterated in his bid to avoid all doubts that the country has gained from the transaction. “We have raised the highest amount in the history of this country in single day in Africa. We have extended the tenure of the d ...
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"He reiterated in his bid to avoid all doubts that the country has gained from the transaction. “We have raised the highest amount in the history of this country in single day in Africa. We have extended the tenure of the domestic debt to 15 years which is another history of the Akufo-Addo government.”

This is financial gimmicks. I don't see the achievement in borrowing the highest amount in one day in Africa. Extending the tenure of the domestic debt to 15 years is like kicking the can along. There is only a breathing room now, but somehow the day of reckoning to pay the debt is still out there.

US$2.25bn bond didn’t add to Ghana’s debt – Ofori-Atta tells Minority

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