#Johnniesbite: No Haircut, Why The U Turn?

Rahim alhamdulillah, the Lord is my light and my salvation Whom Shall? I Fear, though I walk through the valley of the shadow of death. I will fear no evil for you watch with me thyroid and that stuff. They comfort me that representable before me, in the presence of my enemies, you anoint my head with oil, my cup overflows and, surely goodness a message shall follow me all the days of my life, and I will dwell in the house of the Lord forever and ever Amen welcome to Johnny's bite. The country is tough, we're in a crisis that admission has been made, but nobody has found it necessary to apologize to us after calling us, Caleb and Joshua, and quoting Bible, verses and assuring us that will not go to IMF. We are the IMF, nobody has apologized to it. It tells you how government doesn't respect the people, we can be the head of state which we are the leg of State. So our respect is due us, and I say even to the point where it was said in Parliament: nobody has had the dignity and the decency to apologize to us. Rather we have been. It'S been explained to us that, oh once it has been admitted that we are in a crisis, that's it and that's the kind of vibe on the streets of people think that the government is being arrogant. You promised us, you told us, we will not go to IMF. You told us that e-levy was going to be the Panacea for every single problem that we have. The rose. Minister spoke, a great Minister spoke, everybody said when you pay. E-Levy will pay contractors when you pay 11 will be able to. We said all manner of things about elevi. We are still collecting e-levy, even the thresholds that we agreed that we're going to collect. We have broken all of them like we have broken all the eight. Then, when we finish come and tell us that you can't pay the day, how can you be keeping quiet or how can you keep quiet when you look at the way things are going, what is your current minimum wage as a country and is your minimum wage? Even able to buy you a three Square meal, a letter of fuel is more expensive than your minimum wage. A loaf of bread is more expensive than your minimum wage basic things that human beings need to survive. When you put it together, even go back almighty. God bear that we all depend on when we are in hard times. Coffee Brookman is no longer the food of the broke man foreign. They make a lot of noise at mokola the tone of government in these very difficult times, and they say: oh don't talk about your money, you scare investors, the way you do all of that we get it consumed in Ghana yeah we get it. The president's Chinese made chair, which it carries in a V8. Why didn't you get a local Capital to do it for him when you tell people that they need to sacrifice, they need to eat Ghana, and I support it 100 and maybe tomorrow we'll talk about about it. Look at Valco Varco is shutting down. The retirees are still at post sic, they are there Valco, they are there nib, they are there ADB, they are there Goyle, they are there, that's not yet, and they are there any idea there GRE they are. There retirees have jobs, young people are walking around no job and he said they should get hope, work from work. They say yeah I eat, together with us, yeah eat together with who, but the president spoke on Sunday and told us that look there will be no haircuts. He said there will be no haircuts, emphatic, no haircuts. The president said there will be no haircuts, no haircuts. There will be no haircuts, that's what the president said. There will be no haircut play the video Oliver. I also want to show organelles and no individual or Institutional Investor, including pension fund in government transfer bills or instruments will lose their money as a result of our ongoing IMF negotiations. There will be no haircuts, so I urge all of you to ignore the false rumors. Just as in the banking sector, cleaner government ensured that the 4.6 million depositors affected by the exercise did not lose their deposits. That was President akufado on Sunday, giving us assurance that there will be no haircuts in this 12 point solution to our current predicament and, as we mentioned earlier, there's going to be about a three week break within which people will feed into speculation. So president assured us on Sunday that there will be no haircuts treasury bills and all of those ones, pension fund and everything there'll be no haircut. So we were happy and then information, minister, is speaking English to explain the president's English. The president, who speaks more Irish fish than everybody else now you have information Minister explaining play the video. The first speculation that came out on the market, which has caused panic, is a haircut on principles. The president has responded to like says: there's not going to be any haircut. People are asking for some more information. I go back to the original thing that we have always said. There is absolutely no use in speculating now very shortly. The analysis and the details of the DSC and debt restructure will all be put out there. I think we can have confidence and count that this is the clarity that we have been given and let them come with those details, any further speculation. How about this? How about that? These are only six months that are in there yes, they've been given the Assurance by the president that no haircut no haircut on principal no haircut is is the president's worth. I'M saying the president's words are clear when you now start how about this? How about that, then? You are contributing to the original speculation. I think that what we should do is to take the president at his weight. Let them come and do the full announcement of the um, the debt restructuring program and if we have so clarity, but the clarity is more confusing, the clarity is more confusing and we were specific, no haircuts. Now we're being told about principles and whatever it is. There is confusion in the clarity. I tell you what the president was specific said: Pension funds, government treasury bills or instruments uh. You know all of those ones that they will not lose that because of the ongoing IMF thing. Yesterday a senior citizen sent this to me. He said hi I've been confused about the conversations on this investment haircut until the reality hit me today. Allah EDC Investments, limited of ecobank group that anyone who deserves to exit will lose about 2 23 percent of his total amortized value as payment for what they call marked to the market value just a small ingredient for your popular bite. Interestingly, it even bites off a bit of your total deposit. This is a senior citizen who is more than 70., who has saved this money? Who is hoping that his children and his grandchildren will benefit from it? If you lied, I lied, but it's been a trusted source. So now the conversation is that is there going to be a haircut or not because they told us there will be no haircuts, suddenly we're either getting Sakura or we're getting back Bush or we're getting Tokyo? Joe and we're getting all men of haircut we're getting Punk, we don't know, but the Assurance from the president was that there will be no haircut on Sunday on a holy day. Sunday, there will be no haircut now. I started to to think how the president speaks and then you have people go around explaining you remember in the matter of Aisha, one, whether I shall one was repatriated or whether she was deported. The president is a lawyer. The information minister is a lawyer. The lands of natural ministers resources, minister, is a lawyer and the lawyer things deeply before they speak, that's why they call them Leonard, and so I don't believe that the president, the lawyer, would not know the difference between uh. What do you call a deportation and and uh? What do you call it? Um repatriation, such that you have the information Minister and others come to now explain to us, and now we are back at it again. President was emphatic, there will be no haircuts and they liken it to the banking sector, uh clean up or collapse whatever it is that depositors funds were saved. This message here says otherwise. Let me read it again. I have been confused about the conversations on this investment haircut until the reality hit me today at EDC Investments, limited of ecobank group that anyone who deserves to exit - and you see I spoke about speculation - people are beginning to go for their Monies because they are not Sure the defense is too much. What we have gotten to will require explanation assurances and to give the people hope, because if this is happening, The credibility of government has been called into question. How is it that the president will tell us that there will be no haircuts, and then we are learning that oh, there will be some sort of a haircut and now he's saying that he want. If you want to exit, you lose about 23 of your total amortized value as payment for what they call Mark to market value, just a small ingredient for popular. But it says, interestingly, it even bites off a bit of your total deposit. So even the old people's moneys, a pension found their small small money that they have put down so that in the in the night of their lives they can enjoy even that one we are not sparing. Why are we so unkind to ourselves? And then I asked the question: what is the government sacrificing they're asking us to sacrifice, but what exactly is the government sacrificing the people in government? What are they sacrificing? You say you started deducting 30 of your salary since May. How much has accrued where's the money? What has it been used for? What are you sacrificing and please clarify? Would there be a haircut or not let the people know, because you told us, Mr akufado, there will be no haircut good morning.