THE PROPHET BAWUMIA WARNED NDC OF FINANCIAL INDISCIPLINE BUT NDC NEVER LISTENED TO THE PROPHET BAWUMIA UNTIL THEY ENDED UP IN SENCHI, WITH AKUA DONKOR AS ONE OF THE FINANCIAL ADVISERS , WHERE THEY PUT THEIR HANDS IN IMF MOUT ... read full comment
THE PROPHET BAWUMIA WARNED NDC OF FINANCIAL INDISCIPLINE BUT NDC NEVER LISTENED TO THE PROPHET BAWUMIA UNTIL THEY ENDED UP IN SENCHI, WITH AKUA DONKOR AS ONE OF THE FINANCIAL ADVISERS , WHERE THEY PUT THEIR HANDS IN IMF MOUTH TO DEEPEN GHANA'S WOES
GHANA FORAY 6 years ago
If NPP thinks they can take Ghanaians for granted they got it wrong. This is not the year 2000. Our eyes are widely open. Infact how can we sleep with these thiefs in power?
If NPP thinks they can take Ghanaians for granted they got it wrong. This is not the year 2000. Our eyes are widely open. Infact how can we sleep with these thiefs in power?
Kwabena Yeboah 6 years ago
The IMF multi-facet tentacles and their conditionalities for the longest time have stifled Ghana's economy leaving it no room to grow. It was JJ Rawlings' PNDC that brought the IMF back to Ghana in 1982 after Kutu Acheampong ... read full comment
The IMF multi-facet tentacles and their conditionalities for the longest time have stifled Ghana's economy leaving it no room to grow. It was JJ Rawlings' PNDC that brought the IMF back to Ghana in 1982 after Kutu Acheampong junta had kicked it out of the country.
Since the IMF return to the country, it has prescribed the most horrendous conditionalities ever known to man between 1986 to 1992 and continued weaving its tentacles in every facet of Ghana's economy until JJ Rawlings lost the 2000 elections to JA Kufour.
Some of the atrocious conditionalities prescribed by the IMF were a) forcing Rawlings NDC government to devalue the Ghana cedi in 1992. When Rawlings, Kojo Tsikata, and PV Obeng seized power from Limann's government the cedi was trading at 2.75 cedis to US$1. After the forced devaluation by the IMF, Ghanaians needed 524 cedis to buy the same US$1 in 1992, that is the Ghanaian needed one hundred and ninety times the cedis he used in 1981 to buy $1. As if this was not enough, b) the IMF forced the Rawlings and his NDC government to sell off Nkrumah's state-owned enterprises (SOEs) - over 300 of them claiming they were not profitable. The twat Rawlings and his NDC goons acquiesced to the IMF demands divided up GIHOC and many other Nkrumah's SOEs and sold them cheaply at the devalued cedi to mainly foreigners - Syrians, Lebanese, French, English, Indians, etc. That is why Ghana's corporate boardrooms are filled with mainly white faces.
Rawlings' NDC government caused the destruction of Ghana's cedi with the help of the IMF. Why Ghana should open up its economy to the IMF suckers is beyond any logical human understanding.
It is the same IMF that cajoled JA Kufuor to accept the HIPC status for the country and in the process Ghana lost its marquee company, Ashanti Goldfields in 2003 to the British Anglogold and Ghana Telecom to another British company Vodafone at fire sale prices respectively. The earlier we send these suckers packing the better for the country,
Ghana Labour congress has made the right call and the Akufo-Addo administration must listen.
THE PROPHET BAWUMIA WARNED NDC OF FINANCIAL INDISCIPLINE BUT NDC NEVER LISTENED TO THE PROPHET BAWUMIA UNTIL THEY ENDED UP IN SENCHI, WITH AKUA DONKOR AS ONE OF THE FINANCIAL ADVISERS , WHERE THEY PUT THEIR HANDS IN IMF MOUT ...
read full comment
If NPP thinks they can take Ghanaians for granted they got it wrong. This is not the year 2000. Our eyes are widely open. Infact how can we sleep with these thiefs in power?
The IMF multi-facet tentacles and their conditionalities for the longest time have stifled Ghana's economy leaving it no room to grow. It was JJ Rawlings' PNDC that brought the IMF back to Ghana in 1982 after Kutu Acheampong ...
read full comment