Area4Area:
Hard and painful truth.

Imagine from 2007 they redenominated the cedis.
From about 0.92 cedi to one US dollar to about 5.4 cedis today (about 6 times devaluation)

Naira was about 120-125 to one US dollar to 360 today (about 3 times devaluation).

Area4Area:
Mehn, you guys can dig up things o and funny enough, they come online and making it seem as if Ghana is Dubai and Hong Kong.
That 4 zeros removed from their cedi is still deceiving so many of them that they have a strong economy but won't tell us that their budget practically depends on external donors

Area4Area:
I didn't even know that they were this heavily dependent on donors to finance their budget, so it means that if it weren't for the external donors, Ghana may have become something else.
More grease to the elbows of these donors please before we have a failed state as a neighbour.
A whooping 73.9% of all capital projects to be financed by donors? Did Ghana just emerge from a war, natural disaster or something because this is huge

CaptainMeks:


More for you about your beggarly Country Ghana

Elected at the end of 2016 on his third attempt, the 74-year-old leader of the centre-right New Patriotic Party (NPP) began: “It is not right for a country like Ghana, 60 years after independence, to still have its health and education budgets being financed on the basis of the generosity and charity of the European taxpayer. By now we should be able to finance our basic needs ourselves.”

A nation, he said, should chart its own development path and not allow priorities to be set by donors. Although Ghana receives less aid than many poorer countries, it is still supported by bilateral donations from the likes of the EU, France and Denmark. Other organisations are also involved, like the Millennium Challenge Corporation, the US aid agency, which is pumping $498m into Ghana’s electricity sector. The Bill & Melinda Gates Foundation supports agriculture and health programmes. One
MCC is an investment being made in Ghana's lucrative power companies and not an aid.

MCC is taking part in the privatisation of some part of a distribution company. what you are posting is just a propaganda statement from a politician who had no idea what he was saying as an opposition leader just to gain power.


since 2009, Ghana had not had it education and health sector supported by aid
all budget statement were fully funded by Ghanaian tax payers.


worry about your country
The US will keep looting from you till you learn sense and start voting for reasonably educated people


https://www.myjoyonline.com/business/2018/october-8th/ghanas-grand-vision-of-a-life-beyond-foreign-aid.php

CaptainMeks:


If indeed Nigerias education sector is the only one getting donor support for up to 20% then that is way better than Ghana whose capital expenditure as a whole is getting a whopping 73.9% Donor Aid in your budget

Just30:
someone whoes entire econmy is owned by foreigners

Americans
Indians
and Lebanese

you think it's the same with Ghana er
better go back into your cave and lay ownership to your economy

CaptainMeks:


This is your foreign Aid for budget dependent Ghana. Know the truth about your country and not the lies your Government feeds you which you have been regurgitating here. You said the last Budgetary aid Ghana received was 10 years ago right? Well this below is for 2019. Your economy is a sham.

SEND Ghana in its preliminary assessment of the 2019 budget statement identified several cross-sector and sector-specific concerns. One of which was that, after over 60 years of independence, the Government of Ghana still heavily relied on development partners and the capital market for funding.

According to SEND Ghana in a release signed by George Osei-Bimpeh, its Country Director and copied to Newsghana.com.gh, while sector-specific exists, issues such as overdependence on donor and private funding, fragmentation and weak governance, short-changed goods and services, and poor targeting also cuts across assessed sectors.

It also said the projected budget for 2019 was too dependent on donor and private funding. Indicating that,
in the health sector, government failed to allocate enough GoG funding to the Ministry of Health for capital expenditures in 2019.

“In fact, 73.9 percent of the allocation for capital expenditures is expected to come from development partners, with the Annual Budget Funding Amount and Internally Generated Funds providing the remaining 26.1 percent, whereas in the education sector, free primary and secondary education has increased the number of children in schools. However, this increase has led to overcrowding and exposed wide infrastructure gaps within the education system. Without predictable funding, we have observed that many education infrastructure projects are stalled and require critical financial support to progress past low levels of completion,” SEND revealed.

Read The Full Release Below:

Press Release

For Immediate Release

Tuesday, November 20, 2018

SEND GHANA
Telephone: 0245-021-871 | Email: info@sendwestafrica.org | Twitter: @SEND_GHANA

SEND GHANA ASSESSES 2019 BUDGET

SEND Ghana’s preliminary assessment of the 2019 budget statement has identified several cross-sector
and sector-specific concerns. Issues such as overdependence on donor and private funding,
fragmentation and weak governance, short-changed goods and services, and poor targeting cut across
assessed sectors, while sector-specific also exist.

Cross-sector observations:
The projected budget for 2019 is too dependent on donor and private funding

-------------------

https://www.newsghana.com.gh/ghanas-2019-budget-hinges-on-donor-and-private-funding-send-ghana/

Iriruaga100:


Ask Ofori Atta, your ogoro eye finance minister..

Just30:
so the Cedi used 13 years to devalue to its current value and it is a freely floating currency

meaning it is better in the first place.

whiles your naira that is controlled and pegged used 3 months to devalue to that horrible level

Go learn sense

Iriruaga100:


Even state government don't receive funding from international partners to fund their budget. Yet, Ghana's national budget is funded by development partners by 30 percent.. Tell us why Akuffo addo is preaching Ghana beyond aid? Your country is to impoverished, hence the need for aid..

Just30:
you still havent mentioned which Ghana budget depends on donors


Meanwhile Nigeria 2019 budget is hugely donor supported
else 7 million children will starve to death

Just30:
care to mention the 73% capital project supported by donors?


your level of insanity and obsession with Ghana has breached normalcy

Guy these lies will make you mad

Ghana is not like your poor Nigeria that is borrowing money to pay salaries oo
Money that it cannot pay back

vaxx2:
So this Tokuasi - Takoradi lane is in Nigeria? very stupid idiot


https://www.youtube.com/watch?v=12RaEZRY0uA




only idiot like you will compare decapitated UI structure with legon? Well, webometric and Qs put legon ahead of any Nigeria uni for your info and the only institution that prove otherwise is times higher.. .


Mr buhari was seeing begging the entire uno to rise in support of Nigeria to defend her..... the only news about the deal now is Nigeria has already paid two hundered thousand dollars. while awaiting the 9 billion dollar judgement appeal...



Or is this also in the British era, idiot mofo .....



https://www.youtube.com/watch?v=684Jhp-BJFs

Just30:
hehehe

Capital expenditure in Ghana in financed by 50% loan and 50% tax payers money

and not donor funding.


pick a budget statement of any year from 2009 and read .

If you want to have an argument, then you must have an inform one

Just30:
good luck chasing blogs


anyway, this is Ghana 2019 budget statement and breakdown

https://www.pwc.com/gh/en/assets/pdf/2019-budget-highlights.pdf


https://www.mofep.gov.gh/budget-statements/2019

Just30:
If youre that dumb and knows nothing

go back to your bunker and worry about your bankrupted economy

Iriruaga100:



Our economy that is always resilient to every shock wave. Even the 2008 economic meltdown could not come near us. Ghana government were running here and there for help. Nigeria shutdown her borders and Ghana's economy is in limbo. Kaskrespo is loosing money. Akuffo is clueless and very inept, he his currently at a crossroad without a clear direction..

Just30:


so its no more 73%

crazy little nigerians


which middle-income economy have you seen being given budget support before


Budget supports are only Given to poor economies like Nigeria

Area4Area:
Kasapreko losing $1 million every month since the closure, why shouldn't they cry? They think they can measure up to Nigeria

Just30:
you still havent mentioned which Ghana budget depends on donors


Meanwhile Nigeria 2019 budget is hugely donor supported
else 7 million children will starve to death

Area4Area:
See you trying so hard to reverse the information we've all read, 73.9% of your capital budget is funded by donors, poor Ghana

Area4Area:
See you trying so hard to reverse the information we've all read, 73.9% of your capital budget is funded by donors, poor Ghana

Just30:
hehehe

Capital expenditure in Ghana in financed by 50% loan and 50% tax payers money

and not donor funding.


pick a budget statement of any year from 2009 and read .

If you want to have an argument, then you must have an inform one

Iriruaga100:


Bros, Ghana can't compete with us even in the next world...

CaptainMeks:


Bloody liar

More for you. Your Ghana is a country that begs for hand outs

The evaluation of budget support in Ghana was commissioned by the European Commission (EuropeAid) and the Independent Evaluation Group (IEG) of the World Bank. It has been co-managed with representatives from Denmark (DANIDA), Germany (BMZ), France (AFD/EVA) and the Government of Ghana (Ministry of Finance). It focused on all budget support operations in Ghana between 2005 and 2015, amounting to 3.4 billion dollars in general budget support and 1 billion dollars in sector budget support (mainly health, education, decentralization, agriculture and the environment-natural resources). AFD support concerned the general budget support financed from C2D resources (3 support projects for 63 million euros) and via a loan (1 support project for 30 million euros), as well as a sector budget loan of 5 million euros in the environment and natural resources sector.

Just30:
good luck chasing blogs


anyway, this is Ghana 2019 budget statement and breakdown

https://www.pwc.com/gh/en/assets/pdf/2019-budget-highlights.pdf


https://www.mofep.gov.gh/budget-statements/2019

Area4Area:
You quoted the wrong person here

CaptainMeks:


Corrected

Iriruaga100:


A middle class economy that is a major driver of commerce and finance in Ghana. A middle class economy that Ghana is owing 168 million dollars...

Area4Area:
Benin felt the effect of the border closure early enough and it now that Ghana has started feeling the heat too and the reason for their crying all over the WWW, we really hit them mercilessly

emfem:
Nigeria should withdrawn electricity supply to Ghana.