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Tag Archives: Economy

We Have Turned The Corner; Ghana’s Economy Positioned For Sustainable Growth – John Kumah Writes

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 …

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Bank of Ghana Has Let Us Down – Togbe Afede XIV Writes

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 …

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Ghana’s Economy Grows By 3.2% In Q2 Of 2023

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%. …

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Ghana’s Situation Dire: Options Between The Devil And Deep Blue Sea – Foreign Affairs Minister

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 …

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Our Economy Is In Great Difficulty -Akufo-Addo

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 …

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NPP MPs To Akufo-Addo: Sack Ofori-Atta And Adu Boahen Now Else ………….. [video]

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 …

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Akufo-Addo: I Can’t Turn My Back On Ofori-Atta [Audio]

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 …

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This IMF Engagement Should Be The Last Of It – Mahama

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, …

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IMF Staff Team To Visit Ghana From 26 September To 7 October

An International Monetary Fund (IMF) staff team, led by Stéphane Roudet, mission chief for Ghana, will visit Accra from 26 September to 7 October to continue discussions with the Ghanaian authorities on policies and reforms that could be supported by an IMF lending arrangement. IMF staff will also further engage …

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Akufo-Addo To Ghanaians : ‘You Are Lucky To Have Me As President’

The President of Ghana H.E  Nana Akufo-Addo says the country is lucky to have him as President, amidst the prevailing economic challenges.   According to him, even though there are existing difficulties, his regime is the best thing that could have happened to Ghanaians.   The President made these remarks …

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