A member of the ruling New Patriotic Party (NPP), Gabby Otchere-Darko, has said the little revenue generated internally can not be continued to used to pay our debts.
According to him the country may soon have to borrow to pay wages if measures are not taken.
In a tweet on Monday, he said, "Our economy is growing faster than most countries around the world. But, that alone can't save us as confidence in our ability to service our debts is lowering. We can't continue to use all the little revenues raised to pay our debts. Very soon we may have to borrow to pay wages!"
Source: Peacefmonline.com
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A COUNTRY THAT BORROW TO BUILD TOILETS IT A SHAME I DON'T WANT TO LEAVE IN THERE TOO MANY LOOOOOOSERS. GHANAIANS WITH NDC LOOOOOO SERS REFUSED TO PAY E-LEVY USE LESSSSS WHOSE FAULT IS IT THIS IS ONE BITTER PILL FOR EVERYONE. INESCAPABLE IMF PROGRAMME SO ENDUOW IT. HOW WOULD LEAVE FOR FREE AND YET YOU WANT YOUR ROAD TO BEFIXED, YOU GO TO HOSPITAL FOR FREE, GO TO SCHOOL FOR FREE, AND HAVE OTHER INFRASTRUCTURES FOR FREE. THAT IS WHY I LEFT 40YRS AGO AND AM NOT COMING BACK INTO THAT SHI T MENTALI TY OF NDC MONK EYS SOCIETY. GHANAIANS ARE JOKERS NO COUNTRY BORROWED TO FUND THEIR INFRASTRUCTURE PROJECTS IS ONLY A COUNTRY THAT IS SICK. ALLOW PEOPLE TO PAY TAXES NOT TO LEAVE FOR FREE, A COUNTRY LIKE RUSSIA, USA, CANADA, AUSTRALIA, AND OTHER MIDDLE INCOME COUNTRIES DO NOT BORROWED TO FUND THEIR INFRASTRUCTURE PROJECTS, PAY GOVERNMENT WORKERS PURE ***barred word***. NO COUNTRY WANT THEIR CAKE AND EAT IT TOO. NO FREE LUNCH ANYWHERE IN THE WORLD. IF YOU DON'T WANT TO PAY TAXES TO FUND YOUR ROADS USE YOUR MOUTH TO PAVE YOUR ROADS. TAKE A LOOK AT THE GHANA CEDI, ANYTIME BANK OF GHANA SELLS DOLLARS GUTA AND THEIR PEOPLE GET A CHUNK OF IT TO IMPORT ALL KINDS OF sh*t INTO THE COUNTRY INSTEAD FORCUSING ON THE COUNTRY'S LOCAL FOOD PRODUCTION THAT IS WHAT IS KILLING THE CEDI TO BE THE WORST PERFORMING CURRENCY INTHE WORLD. GHANAIANS SHOULD TELL THE WORLD WHAT VALUE ADDED PRODUCTS DO GHANA EXPORTS TO EARN FOREIGN EXCHANGE TO SHORE UP THE CEDIS GHANA ONLY EXPORT RAW MATERIALS WHICH DOESN'T GET NOTHING MUCH. SO WE NEED TO EXPORT MUCH ADDED VALU TO GAIN FOREIGN EXCHANGE TO SHORE UP THE LOCAL CURRENCY AND THAT IS WHAT PRESIDENT NANA ADDO TRYING TO DO BY ONE DISTRICT ONE FACTORY. TO CHANGE THE PARADIM SHIFT TO GET MORE FOREIGN EXCHANGE TO HELP THE CEDI. CHINA DO NOT DO PASANT FARMING TO FEED 1.4 BILLION POPULATION AND HAVE FOOD SECURITY WITH SYLLOS FULL OF RICE, MAIZE, WHEAT, SOYABEANS BUT COMMERCIAL IRRIGATED FARMING. E-LEVY WAS CHEAPER THAN IMF, IMF PITTER PILL WE ALL SWALLOW IT TOGETHER IS INESCAPEABLE LIKE E-LEVY.
Oh, so the gold, timber, diamond, cocoa, the 2 harbours, the sea, the many rivers, the crude oil, the arable lands have all become a curse rather than a blessing. Oh, a dollar with one head still able to dribble past a cedi with six heads. Tema oil refinery, we can't manage, Ghana airways, we can't manage, our own currency, we can't manage, government lands, we can't manage, our own rivers, we can't manage, our own forest, we can't manage, so what is Ghana currently managing. Exactly what is governance all about. Why do people aspire to be president, MP, minister, CEO, MMDCE, to do what with the position? From the time John Mahama became president up to Akuffo Addo ,Ghanaians have not laughed. Dumsor, corruption, mismanagement forcing them to go to the IMF, a new driver comes to take the driving seat, his cousin is preparing our minds that wages cannot even be paid from government revenues but through borrowing. From John mahama's frying pan to Akuffo Addo's fire. 'Ye ti sika su, Nan su ekom di ye' . So where is the money gone to are you now have to borrow? Now government doesn't pay 100% wages every month, every workers salary is taxed at the end of every month, these taxes are recycled and the difference is what government adds to pay the following month and the cycle continues, this one too you have to borrow. It means there is nothing in state coffers for posterity. Ghana's current predicament is pathetic. I pity my beloved country. Oh,oh, oh.
Borrow to pay wages? Someone should help me with an answer. What goes into governments budget such that the Ghana revenue authority keep telling us year in year out that they have exceeded their target and yet government can't fund it's expenditure? How come that Ghanaians pay taxes in advance through VAT where a certain percentage is charged for GETFUND, NHIS and yet government owes these institutions. How come road tolls are paid in advance and yet government owes road contractors. To add insult to injury the roads minister goes ahead to suspend payment of road tolls, now from which source is government going to pay road contracts. What is that intelligent people in Ghana on entering politics lose their senses. You suspend payment of road tolls, Long trailer vehicles from our neighboring land logged countries i.e. Burkina Faso, Mali and Niger cross over into Ghana and use our roads without paying a pesewa, now Ghanaian vehicles that cross into these countries pay road tolls in and out. How long will government borrow to pay wages and salaries. How come that other African countries less endowed compared to Ghana with similar population are able to fund their projects themselves. How come that a country endowed with natural resources i e gold, timber, diamond, arable lands, cocoa, crude oil with a public sector workforce of less than one million borrow to pay salaries, how? Just google and see the stadium and railway system recently built in Senegal, you will marvel. How come that fuel is currently cheaper in a poor country like Burkina Faso compared to Ghana or we are the only country affected by corona virus and Russia vrs Ukraine game? How come that an arid land country like Burkina Faso can manage their agricultural sector well to the extent that we go to import tomatoes from that country which records less rainfall compared to Ghana. What are the factors that government considers before giving the GRA revenue targets? You ask your revenue collector to go out there and bring you GHC 100,000,000.00 with the thinking that this amount if collected will meet your expenses, the revenue collector manages to bring in GHC 1, 500,000.00 , 50% more than the target and yet still you are struggling like a fish that has been brought out of water. Ghana is sick, seriously sick. Maybe we have to import a president and ministers from another country and try them too. Even a 1994 war ravaged country Rwanda is ecomically stable than Ghana currently, maybe the have zero tolerance for Covid 19 and Russia/ Ukraine. "Ghana aye mobo duudu ". I pity my beloved country. So who is our savior now, NDC, dabi, NPP , e nu ye bobooo. Oh.
Gabby don’t mind them .,The economy will soon bounce back and these criticisms will be a thing of the past.Solution to current mess is to encourage family members to form a Corruption Company so that we can legalize corruption .Lets steal more so that we can control any body who comes to take over from your old corrupt disgraceful black man .MayGod encourage us to provide seed money to the new company and our National Cathedral.God will forgive all our sin if able to complete this project Extend greetings to Ken
What did you and your ***barred word*** uncles use the borrowed monies for? Akronfoo. Disgraceful peole. God will surely punish you
See who’s ranting? You were insulting JDM left right center back then. You see the mess your uncle, Nana Addo have created? All the finance minister knows best is borrowing and now look at the mess he has plunged the country into. Sack him and bring Dr. Anthony Akoto Osei.