Investors are looking to Ghana again! Right…based on how we are borrowing through short term treasury debt to finance the economy, I see another restructuring soon.
Bernard is going through it😂😂😂 you mentioned 700bn debt stock now he compared 9.5bn to 122bn now you're saying you're talking of gdp rate😂😂😂 You now claim there are alot of promises in the manifesto and you're asked to mention them and you're referencing 1m$ 1constituency 😂😂😂 Bernard you claim you were forced on the DDEP but we've heard in the news all these while that it was a voluntary decision and the reason why it wasn't a 100% signed up.... bernard you should be a proper journalist buy stating the known facts devoid of sentimental and illusional facts... someone took 9.5bn to 122bn =1200% someone takes 122bn 5o 700bn and its 500% bernard is saying the 1200% was better bcos today, the 122bn is cheaper that it was 😅😅😅 Next 4yrs, 700bn will be a peanut so stop focusing on the nominal and stick to the percentages cos that's what economics do when you want to compare since all things ain't equal to be having same results So if you wanna know what this govt would have done with 9.5bn, multiply it by the 500% and if you want to know what the NDC will do if by mistake NDC comes, multiply the 700bn debt stock by their 1200% and you'll know their nominal figures in the future
Oga, stop your ranting. You spoke non-fa because you view everything through partisan lenses. No country operates debt free. Some of the most indebted countries are the most so called powerful countries. It’s the level and sustainability of your debt that makes you a prudent manager. If you blindly leverage the bond market to the extent of unsustainability then you have failed miserably. The over reliance on debt instead of creating sustainable revenue sources to finance government expenditure are the reasons for our woes. This government said they had the intellectuals and seasoned economists to turn our country around. This is the best they could offer?
@bernardsampson-wz7zp sustainable resource here means taxes hehehehe... that's why you guys are very ignorant of the effect of covid that cause govt to borrow more to fund interventions when economy was shut down...but for covid, govt wouldnt have given free light to lifeline users and also 50% discount on residential Bill's for 3months and give free water for 1yr... govt wouldnt have increased salaries for health workers without taking any tax from them.. govt wouldnt have provided schools with veronica buckets, nose marks, toiletries et al all these expenditure were not captured in the 2020 budget read in november 2019... you incurred more debts yet you shut ports down... the whole country before covid had only 2 centers that could test for covid... Nuguchi and KCCR(ksi) today we have it in all regions to even almost district levels all these ad hoc expenditure will take you to bond market to borrow indiscriminately which will push your deficit to duoble digits.. before covid, govt was under a fiscal responsibility act which only allows govt to over spend 5% of the previous revenue accrued... you sounded a level headed up guy but the facts cant be changed that bernard was being more political than a journalist If bernard agree that the most developed countries are the heavily indebted, then why bring the nominal for a discussion like this ??
Bernard, very good job.
Dr appears to be struggling with all the questions..
the first 3 yrs he is touting as achievement was under the IMF...afterwards, chaos
Dr Dr Marlon Marlon OP!
Bernard Avle just be hard man. You are not going scotfree
Investors are looking to Ghana again! Right…based on how we are borrowing through short term treasury debt to finance the economy, I see another restructuring soon.
Is Dr Assibey sure they aint over spending again in 2024 ??
Bernard is not making the interview easy for the Dr in Economics
This government is the best in the history of Ghana! I wish Nana Addo will go for 3rd term but I’m comforted because of Bawumia
Bernard you've wasted this airtime
Bernard is going through it😂😂😂 you mentioned 700bn debt stock now he compared 9.5bn to 122bn now you're saying you're talking of gdp rate😂😂😂
You now claim there are alot of promises in the manifesto and you're asked to mention them and you're referencing 1m$ 1constituency 😂😂😂
Bernard you claim you were forced on the DDEP but we've heard in the news all these while that it was a voluntary decision and the reason why it wasn't a 100% signed up.... bernard you should be a proper journalist buy stating the known facts devoid of sentimental and illusional facts... someone took 9.5bn to 122bn =1200% someone takes 122bn 5o 700bn and its 500% bernard is saying the 1200% was better bcos today, the 122bn is cheaper that it was 😅😅😅
Next 4yrs, 700bn will be a peanut so stop focusing on the nominal and stick to the percentages cos that's what economics do when you want to compare since all things ain't equal to be having same results
So if you wanna know what this govt would have done with 9.5bn, multiply it by the 500% and if you want to know what the NDC will do if by mistake NDC comes, multiply the 700bn debt stock by their 1200% and you'll know their nominal figures in the future
Oga, stop your ranting. You spoke non-fa because you view everything through partisan lenses. No country operates debt free. Some of the most indebted countries are the most so called powerful countries. It’s the level and sustainability of your debt that makes you a prudent manager. If you blindly leverage the bond market to the extent of unsustainability then you have failed miserably. The over reliance on debt instead of creating sustainable revenue sources to finance government expenditure are the reasons for our woes. This government said they had the intellectuals and seasoned economists to turn our country around. This is the best they could offer?
@bernardsampson-wz7zp sustainable resource here means taxes hehehehe... that's why you guys are very ignorant of the effect of covid that cause govt to borrow more to fund interventions when economy was shut down...but for covid, govt wouldnt have given free light to lifeline users and also 50% discount on residential Bill's for 3months and give free water for 1yr... govt wouldnt have increased salaries for health workers without taking any tax from them.. govt wouldnt have provided schools with veronica buckets, nose marks, toiletries et al all these expenditure were not captured in the 2020 budget read in november 2019... you incurred more debts yet you shut ports down... the whole country before covid had only 2 centers that could test for covid... Nuguchi and KCCR(ksi) today we have it in all regions to even almost district levels all these ad hoc expenditure will take you to bond market to borrow indiscriminately which will push your deficit to duoble digits.. before covid, govt was under a fiscal responsibility act which only allows govt to over spend 5% of the previous revenue accrued... you sounded a level headed up guy but the facts cant be changed that bernard was being more political than a journalist
If bernard agree that the most developed countries are the heavily indebted, then why bring the nominal for a discussion like this ??
All this typing, u no talk anything.
@arnolddarkwah360 sadly it wasn't meant for your infinitesimal brain to decode the sense in the reasoning 😂🤣🤣😂