Isaac Adongo (@isaacadongo6) 's Twitter Profile
Isaac Adongo

@isaacadongo6

Bolgatanga Central MP

ID: 1172219947612803077

calendar_today12-09-2019 18:50:31

35 Tweet

7,7K Followers

35 Following

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Due to struggles of businesses, banks in Ghana have now become brokers of Government securities. They are now sleeping,, laying off workers and lending to Akufo Addo's broke Government. How can CBG with assets of Ghc8 billion lend only Ghc37 million and make profit Gh64 million

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The Governor of the Bank of Ghana today advised a member of Parliament at a finance committee meeting to see the receiver of the collapsed financial institutions privately for his monies that are looked up. This is how unethical it gets. Who you know in receivership dealings?

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I hear Akufo Addo is asking the Governor of BOG to reduce the high interest rates. If Akufo Addo reduces his Govt's the high borrowing of the small monies our banks have, the banks will have money to lend to businesses iand nterest rates will come down. Too much fiscal dominance.

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Depositors in the collapsed MFIs and S&L should go to court to recover their full deposits. The cap of Ghc20,000 is discriminatory, unfair and illegal. You can't treat victims of same regulatory action differently. Did they cap payments to victims of the 9 collapsed banks?

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For the apologists of NPP who are circulating a picture of me in grey suit and a red tie purporting to be sleeping in Parliament when the Minister for finance was reading the 2020 budget, shame on you. You are not even smart. I was in black Nigerian attire mourning my beloved mum

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The cedi dep just got worse by hitting double digits in Nov 2019 at 10.35%,. Gross reserves depleted by $1.9 billion from $9.9b in March after the Eurobond to $ 8 billion by Oct 2019. BOG lost about $2.8 billion net reserves in 10 months. Total of $4.7 billion lost to date .

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Increasing Ghana's highest currency denomination by four fold to Ghc200 is 18th Century monetary policy. In a modern economy where we should be carrying less cash, we are enabling people to carry Ghc20k in one pocket, Ghc80k in four pockets and Ghc120k with breast pockets. Crazy.

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JM was a Commissioner General not a sod cutting comedian. It is a pitty that after all the big promises and eloquent lies the Walewale Adam Smith is celebrating cutting of sods as success. Someone should tell him he has no credibility anymore and is viewed as a comedian.

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Nana should rather set up a committee to investigate how he and the economic comedian swindled Ghanaians with brilliant and eloquent lies. When you go about calculating inflation in Mallam Atta Market and use rate of change to calculate depreciation what do you expect? Miracles?

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Analysts at Moody's were indeed Moody in their latest PR to sway investors from significant due diligence concerns on Ghana's economy. The data for each criteria of Moody's rating show an economy in a heightened fiscal risks, external vulnerability and on verge of debt distress.

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Did I hear the CEO of CBG say they've gone past the turbulence? Can someone ask him to shut up? CBG is a heap of illegal combination of people's sweat doing brokerage for Govt debt instruments. Anyone investor who attempts to acquire it will be acquiring a huge political risk.

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I hear BOG is celebrating a cedi profiting from a drop in demand for dollars for imports from China as a result of the outbreak of the Coronavirus ib China. Only a clueless Govt needs global misfortune to save it's currency. You haven't learnt from Bawumia's infamous arrest .

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It's strange that Govt is talking about how borrowing can transform Ghana instead of how the reckless borrowing of Akufo Addo has put Ghana at risk of debt distress. After doubling Gh's public debt by Feb 2020 & hiding $500m illegal debt this month, what do you have to show?

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For Centuries the world always looked forward to one wonder after another. So we always expressed our surprise at a wonder by saying 'wonders shall never end. Then Akufo Addo came and wonders ended. State sponsored galamsey and excavators on wings became the end of wonders.

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Corrupt Akufo Addo selling Ghana to foreign automobile companies and putting Ghanaian automobile entrepreneurs and their workers out of jobs. Let's collectively resist the ban on second hand & accident cars to safe jobs and livelihoods of our bro at Obossai Okine and Suame.

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Govt announces $100m to fight COVID19 when it doesn't have the money but goes cup in hand hoping to find it somewhere. This is a clueless Govt. Govt should immed'ly draw down $100m from the stab fund into contingency fund and access from finance com as per Act 921. Stop risking.

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When the Vatican is locked down and the Pope giving sermons electronically, the corrupt joker is assembles pastors to pray against Coronavirus. Who prays more than the Vatican. It's only a clueless President who finds $100m to build a cathedral but goes begging for $100m.

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Can someone tell this clueless President to resource our hospitals and build new facilities. Our doctors and nurses are seeing patients without protective gear. Basic test kits are not available after 3 months of COVID 19 and you are asking us to pray and fast for a miracle?

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JM was correct when he said we did zero financing from BOG. Though the BOG Act as amended sets the limit at 5%, the MOU between BOG and MOF set it at zero and was religiously complied with. Don't confuse draw down of Govt balances at BOG with BOG financing of Govt. #fact check .