I have been in the academia for the past 16 years and I have never written more recommendations than the past 3 years. The economic hardship is forcing intellectuals out of the country. Actually that is the Price to pay for economic mismanagement.
I am in the last quarter of my active service. I have to vote for a government who will protect my pensions and my future. I can’t afford to waste another 8 years of my active life.
I am wondering why a government who says it has delivered will still be sharing flat screens. I taught your works will do the trick. May be, I don’t understand the political space.
Inflation reducing from 54% to 26% does not mean prices have fallen. It’s rather the rate of increase that has fallen. There is still some increase but the increase has slowed down.
Ghana’s economic problem is somehow caused by the IMF boss. This lady was cheering the government when the economy was at a brink. The government saw this as a political capital, kept on doing the wrong things. We have finally lost international credibility.
This dollar hoarding issue is serious. Let’s look beyond Cecilia Dapaah and get some people to answer questions. The exchange rate remedy is in the house of ministers.
Access to the Eurobond market has made our governments lazy over the years. They have replaced export oriented policies for lazy eurobond borrowing in managing the foreign exchange. Now that the market is shut on us, we are trouble.
Yes, 24 hour public and private business exist, however, we need an improvement in the day economy and an expansion of the night economy to create more jobs.
When you sacrifice innovation, productivity, and high export for foreign loans, your cedi will depreciate by 60%. The economic manager used to communicate in percentage of depreciation, now that is 60%, he is quite on it.
Martin Amidu appointed SP. His office's independence has been compromised already. He owes allegiance to those who recommended him. That is what is happening in Ghana
I think the EC is not helping Ghana. How much would it cost to recount all the disputed seats compared to the cost of wasting man hours in court plus the economic cost of holding the economy to political uncertainty. Let’s use the cost efficient decision tool here.
NIB takeover by ADB. Both banks are weak on their balance sheet, so the outcome entity will be weak financially. Let’s also look at the possible job loses in this difficult economic times. I will suggest the government sells its shares to external investors for fresh breath.
Is agenda 111 done and dusted? I didn’t see it in the budget.
Government is still holding on to the economy. Huge budget deficit to be financed solely through treasury bills. Need to issue average GHS 5 billion t-bills a month to finance this deficit. Rates not coming down soon
We don’t need to speak English around this and look out for interpretations here and there. Common sense is not mostly captured as law. How can the speaker act as both referee and a player at the same time?
Government made provision for a full payment of interest and principal in the 2024 budget. Now that we’ve been able to restructure domestic debt, gotten bilateral debt moratorium, what will happen to this allocation in the budget. I see this to be a hidden money for elections.
Why are politicians from the ruling party avoiding questions on the economy? I just saw a video of the president avoiding question on the economy. Tax payers money going down the drain without output.
Changing the one cedi and two cedi note to coins will compromise the psychological value. The next preferred denomination will be the 5 cedi. This is going to shift price structures in the economy upwards, with the 5 cedi been the preferred minimum.
Well done my good friend Kobby Mensah for your promotion to Associate Professor of marketing. Congratulations and welcome to the second top echelon of the academic ranks. Professor Albert Kobby Mensah!!!
With politics and corruption painted everywhere in the country including our education system, my contributions are usually not meant to be accepted by all, but just to have it on records. That, one day it can be referred.
Bank of Ghana has not published the security issuance calendar for 2023, that is why the government has been frequenting the market to issue treasury bills any how.
I think with Ghana’s economic situation, we need an experienced democratic elected leader who will get the support of the people to reset the system, and bring back the country to a sustainable economic growth path. Not the “yes men” paying their way through leadership.
In a serious country, the OSP would have called on the vice president to explain the source of financing of his $8million campaign in a dry economy like ours. Remember the source of political financing determines how resources are allocated in power. Corruption!!!
Looking at the back and forth of our education policies, I find the need to start a National Parent Teacher Association (NPTA). Every parent must join. This is getting too much.
@thePOE_T
#NPTA
The lithium agreement is more of Guggisberg type. It encourages export at primary level. I taught Nana Addo’s government promised to move this economy from Guggisberg type to production economy, where we will process some of our resources before export. The opportunity is here.
@NewsDaily_24
I now understand where our debt problems are coming from, contract inflation, Hei!!! Why won’t a plot in a prime area of Accra cost 1million dollars. Free money chasing few prime lands. Ghana is on top speed, ready to explode.
Had the opportunity to speak to my District Presbyterian Junior Youth Ministry on Life at the University. As usual, I hit on my academic, social and religious pillars of life in the university and the balance of priorities that comes with them.
The investor has every right to demand higher premium on government cocoa syndicated loan for these reasons: 1. The bad umbrella economy 2. Mismanagement at Cocoa Board 3. Cocoa lands been taken over by galamsey operators and 4. the rise in Feds rate in Americas.
What is so special about 13% on our mineral exploration agreements? Economically, the ideal mineral contract is to sell the minerals after exploration, deduct the exploration cost( including cost of funds), and the rest is shared between parties ( 50%:50%). Corruption…
The BoG Governor is waiting for an IMF program to stabilize the cedi, the finance minister is waiting for syndicated loans to shore up our balance of payment. Eiii, so what happens to our export oriented policies?
Ghana is in debt crisis because of the lapses in our public procurement acts. Is there a law to ensure projects are structural, operational, financial and economically complete before commissioned by the policy maker? PPA approves public projects and what next….
The finance minister is been smart on the proposed debt exchange. Instead of front loading the interest payment in his time he is back loading it for the next administration. Why not 20% in 2023, 15% in 2024 and 5% there after. Instead of 0%, 5% and 10%.
Fund at Risk (FaR): The IMF has increased membership contributions quota because the fund is at RISK. Member countries are abusing the fund by intentionally mismanaging their economies and running to the fund for rescue. Fear of global financial instability.
@GHOneTV
Every government faces global extreme situation in one way or the other. It could be a pandemic, high global fuel price, war etc. Your ability to sail your country through the situation makes you a good government. After all governments are placed to solve the people’s problem.
The measurement of risk in public sector is mostly difficult. It is usually proxied. Ghana’s proxy for risk is the finance minister at post, and trying to regularize debt exchange. That is why government bills rate are not coming down. Risk/return trade off as usual.
Those screaming against the tax policies should have screamed when the government was accumulating debt unnecessarily. We have tied tax increase policies to the IMF inflows. Government says, increase in taxes+ IMF inflows= economic stability.
Investor interest in t-bills is gone down. How would the government finance the GHS 61 billion (average GHS 5 billion worth of treasury bill issue every month) deficit, with t-bills as the only source of financing? The 2024 budget needs a revision.
In times of economic crisis, Bank of Ghana (BoG) is to salvage the situation by lowering interest rates and lending to commercial banks at a reduced rates? That is the way economies are rescued all over the world. What did Addison’s BoG do?
Treasury bill undersubscription: two things involved, either the government is setting up overly ambitious target or the investor is getting wiser. Afraid, government may be wowing investors with high rates and later hit them with T-bills restructuring.
The government must understand that the debt accumulation over the years did not make the ordinary Ghanaian better, so it’s a big no to tax the little that we are managing our lives with. .
The investment yield curve is about to go flat and further upwards. This means, short term investment will yield less compared to long term. As it stands, the curve is downward sloping, signifying a depressed economy. We need the correction for economic expansion.
This Agyaapa deal is a typical public sector financial engineering. I wonder which investor will put his money in a traded fund with 51% public shareholdings, looking at the political risk. Masa, ade3 no nny3.
Why do our policy makers talk about artificial intelligence when mathematics performance is dropping at our schools. Any child with very good mathematical foundation will appreciate artificial intelligence better.
Mr president is looking for a debt swap for climate change interventions expenditure, whiles he is not able to manage Galamsey in his own backyard, causing a lot of people to loose their livelihoods through deforestation and water pollution.
Please note that in public sector financial management, we have criminal lenders and borrowers. They borrow and lend for dubious reasons. What is Ghana situation for approving 750 million dollars new loans, when the country is debt trapped.
Let’s not underrate corruption at our work places. Purge corruption at your work place and the politician will conform. Any country that corruption has engulfed it’s essential sectors like education and health has no future. Ghana’s future is being compromised 😭😭😭😭.
The Banks are not demanding enough from the government. They never taught of post Debt exchange and how the economy is going to be managed to pay the streams of coupons later. Benefit to their sacrifice is necessary. But can we trust this government?
@thePOE_T
Mathematics has always been the basis for everything. Problems that mathematics can easily handle with one equation can only be solved with thousands of English paragraphs in the law court. Which is a waste of man hours for other productive things. God save Ghana.
Political timelines on our debt restructuring, hmmm? If you have experts who can only speak finance english over decades and your economy is collapsing…, you can never unravel the issues. Not past tense and present tense!!. Those are fundamentals. Overlook it and reason.
How can you control your exchange rate when your President cannot control his appetite for chartered flight. I don’t know how long we going to continue leasing this plane, but at a point, we would be better off buying it outright. Economic sense!!
Ghana needs the following to return to the international market:
1. Debt restructuring
2. Economic Stability
3. General market conditions like lower rates on the US markets
4. Investor confidence
How long would it take us to return to the international market?
I am truly grateful for all the love and birthdays wishes. Each of them brought smiles and joy to me. God bless you and replenish your data in multiple folds.
Simple majority over the years has killed the negotiation skills of our parliamentarians. Negotiate and come to a convergent point. We need to serve the interest of the people.
I had the Opportunity to invite my mate who works at General Electric to deliver in my MSc Development Finance class on sustainable and responsible investment today. The class was superb. Students were engaging and I can say you have a lot to learn from this class. Please join!!
The Komenda Sugar factory issue is like your uncle bequeathing a house to you and watching it to get rotten whiles living in it. The family will tag you irresponsible.
The Bank of Ghana on one hand has been inducing inflation into the Economy by printing GHS 41 billion to the government, and on the other hand chasing inflation by increasing monetary policy. Zero sum game and efforts. The economy is static at the bottom.
The minister says it’s a debt standstill not a default. I think we are not getting the definition of default . Default is a negative deviation from investors expectations . Holding a bond to a standstill means you are not meeting investors expectations, so it a default.
There is a difference between delivering a project and operationalizing a project. Ambulance was delivered recently with oxygen but I can tell you most of them are without oxygen now. This has caused my old boys life. Let’s get it right.
Governments default on pension contributions for public sector workers… Delay in payment is investments loss to the pension fund. The economic mess is gradually affecting our future.
The reduction in inflation, interest and the stability in the exchange rate is numerically significant but not economically significant. Full scale demand of the dollar by the government after the external debt negotiations will determine the actual levels of the FX.
Not expecting the budget to be business as usual. It should be a budget that will correct the yield curve and trigger economic recovery. It must also appreciate the possible exposures ( risk) the country is likely to face and provide contingencies.