Vice President of Ghana, Dr. Mahamudu Bawumia, has chosen not to directly address the nation’s economic challenges during his tour of the Eastern Region. While he acknowledged the economic difficulties facing the country, Dr. Bawumia refrained from discussing them in detail, stating only that they are being addressed. The Vice President’s reluctance to speak about […] The post I
Beatrice Annan, the spokesperson for the John Mahama campaign team, has criticised the Vice President, Dr Mahamudu Bawumia, for lacking pride in the economic credentials of his government. During an interview on Eyewitness News with Umaru Sanda Amadu on Thursday, April 25, 2024, Mrs Annan expressed her disappointment in Dr Bawumia’s handling of his government’s […] The post Bawumia
Amidst a sharp increase in inflation for March this year, there has been an upward trend in the cost of preparing Jollof for a family of five. The post Cost of preparing Jollof nearly hits GH₵400, increased the most in Kumasi – Report first appeared on 3News.
The Electoral Commission (EC) of Ghana has responded to allegations made by former President John Mahama, who claimed that the current New Patriotic Party (NPP) government had appointed NPP sympathizers to the Commission. The EC emphasized the neutrality of its recruitment process and questioned the accuracy of Mahama’s statements. During an interview at the London […] The post Ghanaians
Inflation for March 2024 increased sharply to 25.8% from 23.2% recorded in February 2024. This means that in March 2024, the general price level was 25.8% higher than in Read More... The post Inflation Rises To 25.8% appeared first on DailyGuide
The Ghana Statistical Service (GSS) has announced that inflation for the month of March this year increased to 25.8%. This is up from 23.2% recorded in February 2024. Government statistician Professor Samuel Kobina Annim said at a press conference in Accra on Wednesday, April 10 that the non-food inflation went up by 22.6 percent while food […] The post Inflation rate increases sharply to
The Economic Fighters League says it has been closely monitoring recent developments within the political landscape as prominent figures from the establishment defect to forge alliances with other movements, all aimed at challenging the entrenched dominance of the New Patriotic Party and the National Democratic Congress. The Fighters said they extend a warm welcome to […] The post 2024
According to the 2023 World Economics Governance Index study, Ghana is one of Africa’s top ten best-governed countries, ranking fifth behind Mauritius, Namibia, South Africa, and Botswana. Per the ranking, Ghana outperformed Senegal, Malawi, Lesotho, Burkina Faso, Togo, and Nigeria. Ghana scored a grade of B, and with an index of 61.7, secured the 5th […] The post Ghana ranked 5th best-governed
The Institute of Economic Affairs (IEA) has criticized the government for its poor macroeconomic performance from 2020 to 2022. During this period, Ghana experienced an economic downturn, with the government seeking a 3 billion bailout from the International Monetary Fund (IMF). Giving a post-analysis of President Akufo-Addo’s State of the Nation Address (SONA), on April […] The post Economic
By Buertey Francis BORYOR The Institute of Statistical Social and Economic Research (ISSER) of the University of Ghana has called for a review of the Special Drawing Rights (SDRs) allocation framework. The SDRs is an international reserve asset created by the IMF to supplement the official reserves of its member countries. ISSER proposed that allocations under SDRs, an international […] The post
Economist and senior lecturer at the University of Ghana, Dr. Adu Owusu Sarkodie, has stated that a consistent decline in inflation has resulted in drastic price reductions as the economy continues a steady rebound. Speaking on TV3’s Ghana Tonight programme on Monday, March 18, Dr. Adu Sarkodie pointed out that there have been improvements in […] The post Reduction
Kwaku Kwarteng, Chairman of the Finance Committee of Parliament and MP for Obuasi West has attributed Ghana’s current economic crisis to decades of reckless public expenditure and mismanagement by successive governments. In an interview with Accra-based JoyNews, the Obuasi West legislator noted that COVID-19 and Russia’s invasion of Ukraine are not solely responsible for the […] The post Kwaku
…global players exploring opportunities within AfCFTA By Kestér Kenn KLOMEGÂH The scramble for the multidimensional control of the African continent by global players is a geopolitical reality. In order to be part of this geopolitical arena, foreign players have been devising different mechanisms for revitalizing partnership and strengthening cooperation with Africa, says Dr. Babafemi A. […] The post
Latest data from the Ghana Statistical Service has revealed a decline in inflation, with the February figure standing at 23.2%. This represents a 0.3 percentage point decrease from the 23.5 percent recorded in January. During a press briefing in Accra on Wednesday, Government Statistician Prof. Samuel Kobina Anim provided a breakdown of the figures, explaining […] The post Inflation
By Ebenezer Ashley (PhD). The concept of inflation has attracted diverse theories from different economists across the globe. Economists with varied forms of theories on inflation are grouped into two. These include structuralists and monetarists (Nitisha, n.d.). Structural economists assert, inflation is the end-product of the imbalances inherent in economic systems; and adapt both fiscal […] The post
By Rabah Arezki Before the outbreak of COVID-19, Africa experienced 25 years of uninterrupted economic expansion, prompting analysts to proclaim that the continent’s growth momentum was no longer dependent on its extractive industries. As access to education and health care increased, so did life expectancy, nurturing an “Africa rising” narrative. To finance their development needs, […] The post
Inflation had gone up marginally, recording 23.5% for January 2024. This follows five consecutive months of decline with an inflation of 23.2% in December 2023. According to data from Read More... The post Inflation Hits 23.5% appeared first on DailyGuide
By Barry EICHENGREEN For precisely three years, the economics profession has been collectively fixated on inflation. February 2021, exactly 36 months ago, was the last time consumer-price-index inflation in the United States (all items, 12-month percentage change) was at or below the Federal Reserve’s 2% target. This recent episode of above-target inflation now shows signs […] The post The
Ghana’s inflation witnessed a marginal uptick from 23.2 to 23.5 percent for January 2024. This is a reversal of the consecutive declines recorded between July and December 2023. This slight acceleration in consumer prices is attributable to the increase in Non-food inflation drivers mainly accommodation and clothing. However, food inflation continued to ease during the […] The post Inflation
The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, is calling on the government to adopt the US Inspector General (IG) system to help effectively fight corruption. Commenting on the New Patriotic Party’s flagbearer, Dr. Mahamudu Bawumia’s address on his vision to Ghanaians on Wednesday, February 7, Dr. Kwakye said […] The post Ghana
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