You guys wished sincerely this debt restructuring should have failed. That former minister couldn't even be part of the delegation to the imf during his term in office. They needed help from the Asantehene to be able to access the imf bailout. Why didn't they try the debt restructuring during his days in office.
The truth is that for any country that is serious about progressive economic development in the modern world economic order, debt-fuelled growth cannot be left out. What is important is debt sustainability which is the real economics. All the top 10 economies of the world are running some serious debt to gdp figures that will make your eyes water and yet they claim to be perfectly fine. Japan is at 250%! Yet it is doing quite alright. Tells you there is a fundamental factor at play.
Tekper's analysis is spot on. The financial blackhole created by Nana and Ofori Atta is the reason why we are here. The new Finance minister appears to follow his former people. I hope he changes his mind quickly and gives us a sensible pace of development.
@@ebenezergarbrah5255 to be fair, every government since the 4th Republican era has benefitted from one bailout or the other including Mr. Terkper's time as the finance minister and this is because the fundamentals of economic management by our political leaders have virtually been the same across board. Perhaps that explains the pessimism of Mr. Thompson on this show. We need to move away from the politics and concentrate on the economics once and for all especially at this crucial moment or else, I fear the worse.
I felt like throwing up my breakfast reading this comment. A debt based system is inherently unstable and is a flawed Keynsian economic theory that has driven all world economies into a state of recession. Even we in Ghana are not doing this system properly, look at the debt and look at what Ghana has done with it. Ghana should be a developed country with this money. Debt is modern day slavery. This is World Bank and IMF propaganda.
@@AYTM1200 Hahaha please be kind to your breakfast. The idealist position is what you propose but to tell you the truth, realistically that is not possible. The modern economic order that encompasses globalisation, capitalism, international trade whether fair or otherwise, based on a global currency of commerce ( the dollar ), makes debt-fuelled growth inevitable. Unless you want to be isolated and uncompetitive. This system is not going away any time soon.
@@vincentb5119 I should've been more specific, we can issue debt but the way debt is issued is the real issue with our economy. How can businesses be paying 30% on loans ?. If I were in government a major economic policy would be 0% interest on loans. I can explain how we could attain such goals if you're interested.
The youth of Ghana must rise up against clueless leaders who rejoice over suffering Ghanaians
Upon all problems, the NPP presidential candidate promised to pay divisional chiefs with the taxpayers money
The government is going to be paying a lot more for this deal. Ghanaians are getting the wrong end of the deal.
Hmmmm Finance minister is like a student who has got 50% in an examination for the first time.😂😂😂😂😂😂😂😂😂😂😂 he is excited over mediocrity.
USA military base exchange
So I keep hearing oil, oil, oil, is that All, there is?
You guys wished sincerely this debt restructuring should have failed. That former minister couldn't even be part of the delegation to the imf during his term in office. They needed help from the Asantehene to be able to access the imf bailout. Why didn't they try the debt restructuring during his days in office.
Where is this reporter getting his information from? No one is accoountable in the finance ministry?
They were in your corner because you have been voting in support of Ukraine since the war begun so they did you a favor
JOYFM AND YOUR PROPAGANDIST WISH THE DEBT RESTRUCTURING COULDN'T COME ON BUT NOW THAT IS DONE YOU STARTED AGAIN. IT WILL NEVER SUCCEED.
The truth is that for any country that is serious about progressive economic development in the modern world economic order, debt-fuelled growth cannot be left out. What is important is debt sustainability which is the real economics. All the top 10 economies of the world are running some serious debt to gdp figures that will make your eyes water and yet they claim to be perfectly fine. Japan is at 250%! Yet it is doing quite alright. Tells you there is a fundamental factor at play.
Tekper's analysis is spot on. The financial blackhole created by Nana and Ofori Atta is the reason why we are here. The new Finance minister appears to follow his former people. I hope he changes his mind quickly and gives us a sensible pace of development.
@@ebenezergarbrah5255 to be fair, every government since the 4th Republican era has benefitted from one bailout or the other including Mr. Terkper's time as the finance minister and this is because the fundamentals of economic management by our political leaders have virtually been the same across board. Perhaps that explains the pessimism of Mr. Thompson on this show. We need to move away from the politics and concentrate on the economics once and for all especially at this crucial moment or else, I fear the worse.
I felt like throwing up my breakfast reading this comment.
A debt based system is inherently unstable and is a flawed Keynsian economic theory that has driven all world economies into a state of recession.
Even we in Ghana are not doing this system properly, look at the debt and look at what Ghana has done with it.
Ghana should be a developed country with this money.
Debt is modern day slavery.
This is World Bank and IMF propaganda.
@@AYTM1200 Hahaha please be kind to your breakfast. The idealist position is what you propose but to tell you the truth, realistically that is not possible. The modern economic order that encompasses globalisation, capitalism, international trade whether fair or otherwise, based on a global currency of commerce ( the dollar ), makes debt-fuelled growth inevitable. Unless you want to be isolated and uncompetitive. This system is not going away any time soon.
@@vincentb5119 I should've been more specific, we can issue debt but the way debt is issued is the real issue with our economy.
How can businesses be paying 30% on loans ?.
If I were in government a major economic policy would be 0% interest on loans. I can explain how we could attain such goals if you're interested.