Gabby Asare Otchere-Darko has expressed satisfaction with the way his uncle, President Nana Addo Dankwa Akufo-Addo is managing the country.
According to him, Nana Akufo-Addo is not only fixing the mess left behind by the erstwhile Mahama administration but also growing the economy to create jobs and prosperity.
Mr Otchere-Darko’s comment comes after government successfully sold $2 billion worth of dual-tranche Eurobonds with 10- and 30-year maturities on Thursday, 10 May 2018.
In a Facebook post, the founder of Danquah Institute, said: “The Akufo-Addo government is doing two things at the same time: fixing the mess left behind by the I-Shall-Return-Mahama government, and, at the same time, growing the economy to create jobs and prosperity.
“Take yesterday for instance, Ken Ofori-Atta and his team raised $2bn on a cheaper coupon with longer maturity on the bond market after an amazingly successful roadshow. Much of it is to pay NDC debts, mainly the $750m they borrowed less than 3 months before the 2016 elections. The liability management for the tender is about $700m notional amount. Which means that plus the premium, we will pay about $819m to retire the 2022 bonds and still be left with another $750m new money for the budget.
“This makes a total of $1.569 billion, leaving an extra $431m, which Ghanaians should expect Government to take and put in the sinking fund and buy-back bonds if and when the prices are attractive. Let me stress, this is the lowest coupon ever for a ten-year bond. Again, this is the first time we have issued a 30-yr bond and at rates lower than what the NDC issued, a five-year bond in 2016 (9.25%)!”
Source: classnews
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Our Government is trying to dig this country out of a very very deep hole where NDC buried Ghana, starting in 2010. One of the biggest rocks crushing our country in the hole is DEBT. To move the rock, our leaders have to roll it to one side by nudging it with smaller rocks. The small rocks can be lifted out of the hole easily. In other words, to get rid of DEBT, we need to acquire more debt, but be smarter in arranging our new loans. If we get the right terms, we will have breathing space to pay off the loans and also build schools, workshops and factories to produce the people and materials to get Ghana out of the hole and do something spectacular with our country.
You havent mentioned how you and ur Akyem Mafia have cast insinuations at the Ashanti Kingdom. Gabby you make a lot of sense if you shut your big mouth than when you speak. I thought you were intelligent but you level of of understanding of the happenings in the country is making me believe you are either an alien or living in delusion. Come 2020 all the people your uncle and Borromia(Bawumia) lied to will wipe their thumbs and do the needful. F**lish A** MotherF**kers who think governance is your birth right and Ghana is your property
@Agya Yaw, you are one of the 998 NPP communicators at flagstaff house.
When you promised heavens and earth with lies and deceptions, what do u expect. If you win power with lies and deception, you will continue to rule with the same lies and deceptions and arrogance and pomposity. Akufo addo has not stopped promising lies. cleanest country in africa, Ghana beyond aids, 1d1f, 1v1d, big big big empty promises with no positive actions except lies, renaming of universities to J.B Danqua. WELL DONE! KING NANA ADDO PROMISE MAKER.
Did we vote for borrowing? Gabby? if it were so, then the NDC should have remained in power.
nhyiraba k. ofoz, Felix and NUHA you seem to be young men and semi literates or with little or no understanding of National Economies and the way this country had been run down. The questions you should ask your selves is "Why are the international Communities now ready to give monies to Ghana which they had previously refused or would only give to us at high interests(suggesting a high risk nation? Are they unwise to sink their monies into a country for fun? What has happened in the last 15 months? Why has the IMF released the last amount to finish their program with the country, Money which they had previously refused to release? At the right time we shall catalogue the mess your ilks left this nation and give them the option if they ever want to be ruled by such nation wreckers. Educate yourselves and talk with facts and stop the needless insults.
i hate to see ya face ok, stop the si.lly thing and apologise, your days will come even if ya uncle stays for 8 years. fo.ools with power, you messing up the party and degrading ya uncle good will if you dont know. st.upid akyem mafia, fuc.k off
You guys are plying with fire.
NOW WE ARE BEING TOLD TO APPLAUD THE NPP GOVERNMENT FOR BORROWING? INCREDIBLE!
In other words, the NPP are also just borrowing. But they are borrowing to fix what the NDC left and they are doing it more wisely