₦airaland Forum

[size=15pt]IMF Bailout: Ghana’s team off to Washington for final talks[/size]



Ghana’s negotiating team is in the United States of America for the final talks on the International Monetary Fund (IMF) programme, President John Dramani Mahama has said.

The team is expected to be part of two days of annual meetings of the Fund and the World Bank.

The meetings will discuss IMF's economic programmes for Ghana.

At a one-day retreat of government appointees on Wednesday, October 8, President Mahama said Ghana’s team is led by Dr Kwesi Botchway with Minister of Finance Seth Terkper and Governor of Bank of Ghana Dr Kofi Wampah as members of the technical team.

He indicated that the ministers of Employment and Labour Relations, Gender, Children and Social Protection and Trade and Industry have also been included in the team.

Further explaining the move to the ministers and deputy ministers at the Kofi Annan International Peacekeeping Center - where the retreat is taking place - President Mahama said Ghana’s commitments to the three-year IMF programme are being pursued in five areas.

First will be on reduction of the wage bill; secondly, expenditure reduction and improvement measures; thirdly, undertaking revenue measures; fourthly, addressing the issue of debt stock and; finally having a strong social development and social protection policies.

The IMF programme is expected to begin from January 2015.

The retreat has in attendance the Chief of Staff, Prosper Bani, and Vice President Paa Kwesi Bekoe Amissah-Arthur.


http://www.ghanaweb.com/GhanaHomePage/NewsArchive/artikel.php?ID=329446

Ghana,,must always go,,,,,,,ghana must go in nigeria,,ghana must go to newyork to beg for money

Because of their corruption habit, the african leaders don't implement the imf programme well.

juman:
Because of their corruption habit, the african leaders don't implement the imf programme well.

Oh please spare me that crap. No developing nation has ever succeeded with an IMF programme. In the past, their 'conditionalities' have meant near economic suicide for nations seeking their 'assistance'. Trade 'liberalization', currency devaluation, cut in public spending etc etc...those are their normal conditions. Most nations wouldn't go to the IMF today for anything if you paid them to.

Ghana must see this through because i dont want to see any ghanian refugee camp in Nigeria.

politricks:
Ghana must see this through because i dont want to see any ghanian refugee camp in Nigeria.

funny guy! more and more nigerians are arriving in Ghana as we speak. they are all over the place in Ghana these days. who knows, Ghana may consider opening refugee camps for them soon,huh?

ROSSIKE:
Oh please spare me that crap. No developing nation has ever succeeded with an IMF programme. In the past, their 'conditionalities' have meant near economic suicide for nations seeking their 'assistance'. Trade 'liberalization', currency devaluation, cut in public spending etc etc...those are their normal conditions. Most nations wouldn't go to the IMF today for anything if you paid them to.

That is for the Ghanaian government and people to decide? and what exactly is your problem if Ghana decides to go to the IMF? Ghanaians decide what to do with their country, so why should it be a problem for a foreigner?

I think its high time they nominate me to join in their delegation, cus i would be in a better position to explain the pain and sufferings of the ghanian people.

CrudeGH:
funny guy! more and more nigerians are arriving in Ghana as we speak. they are all over the place in Ghana these days. who knows, Ghana may consider opening refugee camps for them soon,huh?

I wonder where ghaneans will run to this time with Nigeria on the verge? Ebola ravaged Liberia or already saturated south Africa? What happened to the newly discovered black gold? Why are they borrowing? What happened to cocoa? Agriculture and gold? What happened to basic manufacturing industries that are highly needed in that part of the world?

What should africana be in recession when their economies haven't taken off yet?

CrudeGH:
funny guy! more and more nigerians are arriving in Ghana as we speak. they are all over the place in Ghana these days. who knows, Ghana may consider opening refugee camps for them soon,huh?

I like your response but i have never heard of any country having refugee camps for businessmen yours could be the first though.

redsun:
I wonder where ghaneans will run to this time with Nigeria on the verge? Ebola ravaged Liberia or already saturated south Africa? What happened to the newly discovered black gold? Why are they borrowing? What happened to cocoa? Agriculture and gold? What happened to basic manufacturing industries that are highly needed in that part of the world?

What should africana be in recession when their economies haven't taken off yet?

Ghanaians have no reason whatsoever to run away from their country. It remains a much better place to live. Life expectancy is 64 years and improving, poverty levels are coming down-less than 50% of Ghanaians are considered poor, thousands of students from neighbouring countries are coming to study in Ghana. we don't have baby factories, we don't have boko haram. we can sleep at night with our two eyes closed. our people don't eat from the dustbin despite our short-term macroeconomic challenges our economy is growing at about 7% and foreign direct investment is the third highest in africa. tell me why any sane Ghanaian would want to run away when more and more people from neighbouring countries are arriving in their country every single day. It shows Ghana is still economically a better option,huh?

politricks:
I like your response but i have never heard of any country having refugee camps for businessmen yours could be the first though.

LWKMD! so every nigerian arriving in Ghana is a businessman,huh? no wonder thousands of these "businessmen" are languishing in Ghanaian jails, I guess. businessmen indeed. arrant crap!

CrudeGH, can you please help check on oxygen, petrodollar, Santa Maria, don't know if it's the power problem or the recent cholera outbreak that is keeping them. Please help check on them, I still need them here atleast to hear what they have to say Incase dangote decide to buy Ghana.

CrudeGH:
Ghanaians have no reason whatsoever to run away from their country. It remains a much better place to live. Life expectancy is 64 years and improving, poverty levels are coming down-less than 50% of Ghanaians are considered poor, thousands of students from neighbouring countries are coming to study in Ghana. we don't have baby factories, we don't have boko haram. we can sleep at night with our two eyes closed. our people don't eat from the dustbin despite our short-term macroeconomic challenges our economy is growing at about 7% and foreign direct investment is the third highest in africa. tell me why any sane Ghanaian would want to run away when more and more people from neighbouring countries are arriving in their country every single day. It shows Ghana is still economically a better option,huh?

So why are you guts borrowing then from the dreaded IMF? Those guys enslaves the future generations of the borrowers for almost eternity with their terms and conditions. Any developing nation that resorts to IMF for bail out never seems to see the light of the day,the tend to become Vegetables,not dead,not alive. In a vegetative state

CrudeGH:
LWKMD! so every nigerian arriving in Ghana is a businessman,huh? no wonder thousands of these "businessmen" are languishing in Ghanaian jails, I guess. businessmen indeed. arrant crap!

Your country is about to collect loan and you are here saying 'LWKMD' are you patriotic at all?.

brownlord:
CrudeGH, can you please help check on oxygen, petrodollar, Santa Maria, don't know if it's the power problem or the recent cholera outbreak that is keeping them. Please help check on them, I still need them here atleast to hear what they have to say Incase dangote decide to buy Ghana.

My Ghanaian brothers are all fine and doing great. They dont have to eat from the dustbin and they can enjoy fairly regular electricity. I live in Ghana and have had electricity in the past 48 hours, something you nigerians will consider unthinkable. cholera kills thousands in your country, which malkes the recent outbreak in Ghana a child's play.

dangote should buy and fix that sh1thole called nigeria before looking at another country. Foreigners can't own land in perpetuity in Ghana so I wonder how dangote can buy an inch of Ghana's space. let dangote, or whatever his name is, improve lives of ordinary people in your country. at least he should work towards stopping people from eating from the dustbin. its soooo disguting. the mere thought that human beings in your country eat from the dustbin......................

politricks:
Your country is about to collect loan and you are here saying 'LWKMD' are you patriotic at all?.

I guess your country has never collected a loan? and what has my country collecting or not collecting loan got to do with a foreigner?

redsun:
So why are you guts borrowing then from the dreaded IMF? Those guys enslaves the future generations of the borrowers with their terms and conditions. Any developing nation that resorts to IMF for bail out never seems to see the light of the day,the tend to become Vegetables,not dead,not alive. In a vegetative state

The Government and people of Ghana will take the decisions that are best for their country

CrudeGH:
The Government and people of Ghana will take the decisions that are best for their country.

I hope so. But what happened to the discoverd black gold? A time that you guys should be booming,you are borrowing. The boom seem quite snappy?

CrudeGH:
I guess your country has never collected a loan? and what has my country collecting or not collecting loan got to do with a foreigner?

Hello this is a forum where various issues are discussed by Nigerians and foreigners alike.

redsun:
I hope so. But what happened to the discoverd black gold? A time that you guys should be booming,you are borrowing. The boom seem quite snappy?

Even the world bank acknowledges that Ghana's medium/long-term prospects are great. The current challenges are not as a result of the Ghanaians floundering. growth is at 7% and foreign direct investments are well over $3 billion annually. The fundamental problem with the Ghanaian economy has to do in very simple terms overspending by the current administration. Ghana had gone through worse economic situatins in the past and survived. the current situation is by far nothing serious, compared with what the country endured in the 1980s. Ghana survived that one so why would anyone doubt the country's ability to overcome the current challenges?

It appears that the late John Attah-Mills was probably a victim of America's CIA jackals and selected their stooge Mahama as his replacement. In much the same way Abacha was covertly poisoned and Thief Obasanjo selected as America stooge to destroy Nigeria.

If Ghana hadn't discovered oil, Attah-Mills would probably still be in power today.


https://www.youtube.com/watch?v=tuCdOkf4NxQ&list=PLRzmuN0KKXK-WIR-BKAd0gBxB7YIUepyl&index=1

ROSSIKE:
Oh please spare me that crap. No developing nation has ever succeeded with an IMF programme. In the past, their 'conditionalities' have meant near economic suicide for nations seeking their 'assistance'. Trade 'liberalization', currency devaluation, cut in public spending etc etc...those are their normal conditions. Most nations wouldn't go to the IMF today for anything if you paid them to.

politricks:
Hello this is a forum where various issues are discussed by Nigerians and foreigners alike.

this is a nigerian site,huh? there is not much of discussion on this forum. all I see is a lot of insults, stvpid talk and crap! your own country has its own major problems. so why don't you folks focus on your problems and leave other countries to solve their own problems? are those 200 schools gals still in the sambisa forest?

GenBuhari:
It appears that the late John Attah-Mills was probably a victim of America's CIA jackals and selected their stooge Mahama as his replacement. In much the same way Abacha was covertly poisoned and Thief Obasanjo selected as America stooge to destroy Nigeria.

If Ghana hadn't discovered oil, Attah-Mills would probably still be in power today.


https://www.youtube.com/watch?v=tuCdOkf4NxQ&list=PLRzmuN0KKXK-WIR-BKAd0gBxB7YIUepyl&index=1

i don't like John Mahama, but he was voted for by the majority of Ghanaians. I don't know about this conspiracy theory about america etc. Ultimately, Ghanaian voters decides

You have to realise that before they poisoned Attah-Mills, they insured they had their man Mahama in place as vice-president, so he took over and conducted the elections. If the Ghanaians had known he was an American stooge, he won't have been elected. His true nature came out once he was installed.

CrudeGH:
i don't like John Mahama, but he was oted for by the majority of Ghanaians. I don't know about this conspiracy theory about america etc. Ultimately, Ghanaian voters decides