Tag Archives: Economy

Fitch Solutions has categorically stated that the opposition National Democratic Congress will win the December general elections. This is the third time it has made this bold prediction. It, however, pointed out that the government would boost expenditure leading up to the December 2024 general election to enhance its chances …

Finance Minister Dr Mohammed Amin Adam is confident that the government has outperformed the opposition National Democratic Congress (NDC) on economic metrics. According to him, the performance of the New Patriotic Party (NPP) on the economy leaves nothing for the NDC to trumpet in their campaign ahead of the 2024 …

The Deputy Finance Minister and the current Member of Parliament for Ejisu, Dr. John Ampontuah Kumah says Ghana’s economy has successfully overcome recent challenges, positioning itself for sustainable growth to benefit Ghanaians. In a Facebook post dated January 19, he highlighted the unanimous approval of Ghana’s request for debt treatment …

It was interesting to hear Bank of Ghana (BOG) officials pat themselves on the back because year-on-year inflation had dropped to 26.4% in November 2023, from 35.2% in October 2023 and 54.1% in December 2022. This trend should have been expected, I thought, because of the massive price increases and …

Ghana’s economy grew 3.2% in the second quarter of 2023, according to provisional data from the Ghana Statistical Service (GSS). This is a slight slowdown from the 3.5% growth recorded in the same period of 2022. The slowdown in growth was driven by the industry sector, which contracted by 1.9%. …

Foreign Affairs Minister, Shirley Ayorkor Botchwey, is concerned about the state of the country’s economy and what it will take to revive it. According to her, the alternatives on the table do not make the situation any less biting as they will all come at a bitter cost. “The harsh …

In a televised address on the economy on Sunday night, the President of Ghana  Akufo-Addo admitted that the country’s economy is in crisis. “For us, in Ghana, our reality is that our economy is in great difficulty. The budget drawn for the 2022 fiscal year has been thrown out of …

Some Members of Parliament who are part of the Majority Caucus are calling for the dismissal of the Finance Minister, Ken Ofori-Atta, and the Minister of State at the Finance Ministry, Charles Adu Boahen.   They have threatened to boycott t of the 2023 budget debate if Finance Minister, Ken …

President Akufo-Addo says there is no basis for him to sack the Finance Minister. According to him, Ken Ofori-Atta has discharged his duties “excellently” and he cannot relieve such a person of his position. President Akufo-Addo speaking on OTEC FM on Monday said he has full confidence in the Minister …

Former President, John Dramani Mahama, says Ghana’s current negotiations with the International Monetary Fund (IMF) should be the last of its kind. According to him, the country must create sustainable policies to keep the economy afloat, without ever resorting to the IMF. Speaking in an interview on VOA on Wednesday, …