FreeStuffsNG:
Ghana has far far bigger problems yet Ghana trends with Sarkodie-Yvonne Nelson aborted pregnancy and Onions scarcity

FreeStuffsNG:
Ghana has far far bigger problems yet Ghana trends with Sarkodie-Yvonne Nelson aborted pregnancy and Onions scarcity

Zonefree:

Is onions scarcity not part of the reasons they're essentially bankrupt?

oz4real83:
The only area where Ghana is better than Nigeria is the area of stable electricity, every other area is zero . For those that believe that the cedi is bigger than the naira, you must be deceiving yourself, a bag of satchet water here in Benin city costs an average of N300 while it costs over a N1000 in cedi-terms in Ghana

duro4chang:
Here the headless mob will claim that Ghana's economy is better than Nigerian. What an irony.

BoldBrainz:


Is it not the same Ghana you APC supporters were using as a comparative yardstick, claiming that their economy is recovering since they carried out redenomination of their currency?

Now you're suddenly twisting the words of your congregation so some of us don't come to remind you of your folly while you were drumming support for the Nigerian government's proposed plan to do same?

Omoh, una be the actual face of double standards and deceit for this life, gaskiya!

duro4chang:
E pain you?

BoldBrainz:


My brother, even if Nigeria collapses today, I'll simply pack a backpack, pick up my passport and hit the nearest African country, then access my domiciliary account from there and be gone. That we seek to contribute opinions to online contents doesn't mean we're emotionally invested in these things.

Your naira is 970 to a dollar as we speak. Diesel is over 1K. There's no light, no fuel, no security, no money, food is almost unaffordable for a lot of Nigerians, and your prime concern is the state of my emotions?

You amuse me.

duro4chang:
You had better do now. Who cares?

BoldBrainz:


Smh.
The mindsets some of you waltz around with are quite pitiable.

BoldBrainz:


Smh.
The mindsets some of you waltz around with are quite pitiable.

DaChosenOne:


No Muslims terrorising in Ghana too. No Boko Haram, Sharia Law and other Muslim bullshyt in Ghana. Ghana is safer than Nigeria.

duro4chang:
Here the headless mob will claim that Ghana's economy is better than Nigerian. What an irony.

oz4real83:
The only area where Ghana is better than Nigeria is the area of stable electricity, every other area is zero . For those that believe that the cedi is bigger than the naira, you must be deceiving yourself, a bag of satchet water here in Benin city costs an average of N300 while it costs over a N1000 in cedi-terms in Ghana

FreeStuffsNG:
Ghana has gone essentially bankrupt: New York Times.

“The government is essentially bankrupt,” stated the report. “It was the 17th time Ghana has been compelled to turn to the fund since it gained independence in 1957.”

WALE AGBEDE • SEPTEMBER 19, 2023

The Ghanaian government has gone bankrupt after failing to pay billions of dollars it owed foreign creditors last December, according to a report by The New York Times.

President Nana Akufo-Addo’s government “had no choice but to agree to a $3 billion loan from the lender of last resort, the International Monetary Fund,” noted the paper, underpinning Ghana’s fall into dire financial straits, with government entities owing billions to contractors and facing a mounting debt crisis.

Emmanuel Cherry, the chief executive of an association of Ghanaian construction companies, recently revealed that government back payments to contractors amounted to a staggering 15 billion cedis, approximately $1.3 billion, before interest, said the media outlet, pointing out that the financial crisis has had far-reaching consequences, with many contractors laying off workers, exacerbating the country’s unemployment problem.

The Ghanaian government reportedly owes independent power producers $1.58 billion and faces the threat of nationwide blackouts.

“The government is essentially bankrupt,” stated the report. “It was the 17th time Ghana has been compelled to turn to the fund since it gained independence in 1957. This latest crisis was partly prompted by the havoc of the coronavirus pandemic, Russia’s invasion of Ukraine, and higher food and fuel prices.”

At the upcoming United Nations General Assembly, the growing debt load for developing nations, estimated to exceed $200 billion, would be a significant topic of discussion as the IMF presented a comprehensive rescue plan to address Ghana’s debt, reining spending, increasing revenue, and protecting the most vulnerable populations while negotiating with foreign creditors.

In 2015, Ghana received IMF assistance and quickly rebounded, becoming one of the world’s fastest-growing economies. The country invested in infrastructure and education and is trying to clean up its banking industry.

The report acknowledged that the recent IMF loan helped stabilise the economy by curbing currency fluctuations and restoring some confidence. Although inflation remains above 40 per cent, it has decreased from its peak of 54 per cent in January.

Tsidi Tsikata, a senior fellow at the African Center for Economic Transformation in Accra, cited in the report, stated that the IMF’s blueprint addresses critical issues but questions whether Ghana will avoid similar financial woes.

https://gazettengr.com/ghana-has-gone-essentially-bankrupt-new-york-times/
Mynd44 nlfpmod

Bakrabas:


Lest you forget to mention the following: No Christian IPOB in Ghana, No Christian dominated region Unknown gunmen , No Simon Ekpa bullshit , No C.A.N of shame and other Zion army in Ghana. Ode oponu

DaChosenOne:


No Muslims terrorising in Ghana too. No Boko Haram, Sharia Law and other Muslim bullshyt in Ghana. Ghana is safer than Nigeria.

udomonday:
The kind of money I see here is pocket money for a lot of Nigerian politicians.

Rossikk:


Honestly. Ghana is just a small country. Dem no get money.

They should put aside their pride and visit Otedola or Dangote, or even Orji Uzor Kalu to lend them a couple billion dollars.

Instead of all this embarrassment from IMF, World bank and others.

Wizzzzmike:


Nigeria is the poverty capital of the world. Tell those ppl to use the billions to feed starving Nigerians