According To President Mahama, This Is Why Ghana's Economy Has Been Struggling.

omgghana.com

It’s no news that Ghana’s economy is struggling and many times we finger the president for it.

Despite all we know, that is corruption, improper mismanagement of funds etc. President Mahama has opened up about why Ghana’s economy has been struggling since he assumed office.
In an interview with Financial Times (FT), President Mahama acknowledged that it was time for resolute action to save the economy.
Explaining why Ghana’s GDP growth fell from a high of 14.4 per cent in 2011 to a projected 3.9 per cent growth in 2015, the President pointed to overspending, which he said had been occasioned by high public sector wage bill and other critical government expenses.
He said payment of the wage bill – which formed 72 per cent of government expenditure in 2012 — and huge energy subsidy bills had fuelled fiscal deficits that crippled the economy.
According to him, things began to go wrong for the economy when, following high growth in 2010 – fuelled by a boom in commodity prices and the commencement of oil production in Ghana – the government felt the need to give workers better remuneration.
The FT quoted President Mahama as saying: “As the economy grows you want to remunerate the public sector better to motivate them?.?.?.?you want to put in infrastructure, you want to do a lot of things?.?.?.?You can pile on debt quite quickly.

“Any shocks in the international [commodities] market affect you. And that’s exactly what happened to Ghana,” Mr Mahama said. “After 2010, we suffered a severe drop in cocoa prices?.?.?.?then the gold price collapsed?.?.?.?then oil, too.”

President Mahama, however, stressed that his government was committed to cutting back on spending to reduce the fiscal deficit and stabilise the economy.

“It [the fiscal crisis] was created by a series of factors and it is taking some time to resolve. It comes with a lot of pain and sacrifice. “But there is [now a] commitment to ensure we level out the economy and stabilise it — and keep it stable. It is something all Ghanaians are focused on and willing to do,” he said.

The President went on to pledge not to raid the government chest to finance his campaign ahead of the 2016 General Election.

“We have a commitment?.?.?.?even in an election year. We must keep expenditures under control, we must make sure we increase revenues and keep wages under control,” he said.

Ghana’s deal with the IMF is expected to boost efforts to restore fiscal balance and fuel a transformation of the economy, according to Finance Minister, Seth Terkper.

5-Photos Of Reggie Roskstone On His Worst Behaviour.

One would think Reggie Rockstone, as old as he is, would be decent and set a good example for young ones who see him as a mentor, but a big fat NO!
Reggie Rockstone, as part of promoting his club sometimes post pictures of himself in awkward posses with young girls. Those who raise concern about these kind of posses gets a backlash from him, making people scared to comment.

Reggie Rockstone is married with about five children but obviously his wife doesn’t care, after all it’s for the showbiz.

See five posses of Reggie Rockstone which we find totally inappropriate especially taking into consideration what he stands for.

omgGhana.com

Di Maria Set Heart On Bayern Move.

goal.com
Angel Di Maria is looking to bring a swift end to his troubled time at Manchester United and has his heart set on Bayern Munich, while Paris St-Germain are still in the frame for his signature.

The £59.7 million man endured a difficult first year at Old Trafford following his 2014 switch from Real Madrid, with his form suffering due to a strained relationship with Louis van Gaal and the fall-out from a burglary at his home.

Goal understands that Di Maria's team of advisors have sounded out Bayern regarding a possible move, though the German outfit have not yet lodged a concrete offer with United.

The Argentine has struggled to come to terms with life in England, making only 24 starts in all competitions for United in 2014-15, and found himself increasingly overlooked for a spot in Van Gaal’s side due to the coach's reluctance to use out-and-out wingers in his starting XI.

Furthermore, Van Gaal is thought to be rather ambivalent regarding Di Maria’s future at the club, with his transfer to United having been driven by Ed Woodward rather than the manager himself.

"Lionel Messi Influence Game, Ronaldo Does Not"-- Dani Alves.

The Barcelona right-back insists his team-mate is better than the Real Madrid star because he is mo

re heavily involved in his team's moves beyond goals and assists
Barcelona right-back Dani Alves says Lionel Messi is a better player than Cristiano Ronaldo because he has more influence in matches.

The debate continues to rage on over which of the two players is the best in the world and it shows no signs of abating, with the pair seemingly getting better each year.

However, Alves insists Messi has more influence in his team's plays than Ronaldo does with Real Madrid, insisting the Portuguese star does not do anything outside of scoring goals.

"Messi is much better than Cristiano Ronaldo," he told Bola da Vez. "Messi has an influence on the play and Cristiano doesn’t. See if he has an influence on play beyond scoring goals and appearing in certain moves.

"Messi is influential, he plays and assists. Messi has a divine gift. Cristiano works hard. We have our battles, but I admire him. He is a guy with great dedication and he’s competitive.

"Ronaldo has things that I don't admire because I play for the team. I think that my team is more important than me. I think he cares little for what really matters, which is the collective side of the game.

"So much so that some criticised us during the celebration of titles while he celebrated the league top goalscorer award.”

Messi and coach Luis Enrique had a public falling out after the Argentine was left out of his side's defeat to Real Sociedad at the start of 2015, but Alves insists these things happen in football.

"Fights sometimes occur due to wanting to improve. Of course the anger existed, but it was about competing. Everything started during a match in a training session due to the interpretation of an action.

"It was a move that the coach interpreted in one way and Messi in another. Messi is very competitive and never wants to lose and his team lost and the discussion grew.

"Each one has a way of being, but we all have the same objective. Besides, fights even occur in the best families."

The Brazil international recently signed a new contract with the Catalan club, despite being heavily linked with a move away for the majority of the season. And he admits that he turned down offers to remain at Camp Nou.

"I could have signed a pre-contract with another team, but I refused," he added. "I decided to be honest to the end and focus 100 per cent on doing a great job."www.goal.com

Former President Kuffour Has The Winning Ticket For NPP---- Ben Ephson.

As a routine for Ben Ephson,he was on Kasapa FM with as the host of the Kasapa morning show  Fiifi Folson, today.
 .According to the ace journalist and pollster Ben Ephson, Akuffo Addo has lost in all the  regions that former President Kufour won.And that  Akuffo Addo's vote has declined significantly and as such leaving Akuffo Addo trailing behind NDC.


He went on further to say that, apathy in the NPP in Ashanti region and Eastern region has been the reason why NPP is still in opposition.He claims it is Ex-President  Kuffour who has the magic wand to help the party to win the 2016 election.Akuffo has done all that he can but it will take the massive intervention of former President Kuffour's for Akuffo Addo to win power.

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