Rev. Dr. Samuel Worlanyo, an economist and spokesperson of the Grand Coalition, has warned about the potential collapse of Ghana’s economy if it continues to heavily rely on borrowing from financial institutions such as the International Monetary Fund (IMF). In acknowledging the necessity of borrowing for governmental initiatives and projects, Dr. Worlanyo stressed the critical […] The post Any
The ministry of finance has affirmed that ongoing negotiations regarding debt restructuring with creditors have not culminated in failure. Through a tweet, the ministry clarified that an interim agreement has been reached between Ghana and bondholders, but adjustments are necessary to align with IMF debt sustainability targets. “Ghana and Bondholders reached an interim deal, which […] The post
By Joshua Worlasi AMLANU [email protected] Finance Minister Dr. Mohammed Amin Adam has assured that government is pushing forward with its debt negotiations, determined to reach an agreement with its creditors that is acceptable to all parties while staying within the sustainability targets of its IMF-supported economic programme. Ghana is aiming to cut US$10.5billion from its […] The post
Shirley Naana Ampem, the Eastern Regional Women’s Organizer for the National Democratic Congress (NDC), has stated that Ghanaian women will be one of the major beneficiaries of John Dramani Mahama’s proposed 24-hour economy policy. According to her, the policy could significantly boost economic opportunities for women, particularly in the night market economy and key industries […] The post Ghanaian
By Godson Kofi DAVIES In Africa, where the beauty of landscapes is as vast as its cultural diversity, a silent crisis brews in the realm of healthcare. The continent faces a dire shortage of healthcare professionals, a predicament most acute in the rural and underserved areas. According to the World Health Organization, sub-Saharan Africa bears […] The post
By Joshua Worlasi AMLANU & Ebenezer Chike Adjei NJOKU [email protected] / [email protected] The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent in March 2024, […] The post
A strong caution against charging unapproved fares by certain drivers has been issued by the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC). In a press release dated April 11, they stressed that increasing transport fares without approval is illegal and that passengers should ignore any increases. “It has […] The post Don’t
Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has expressed surprise at the multiple levies and taxes imposed on imported vehicles at the port. Addressing members of the Ghana Union of Traders Association (GUTA) in Accra, the former president, however, lashed out at the traders’ union for not joining the NDC minority […] The post ‘I’m shocked’
but faster and more equitable growth needed to reduce poverty Increased private consumption and declining inflation are supporting an economic rebound in sub-Saharan Africa. However, the recovery remains fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters and escalating conflict and violence, according to the World Bank’s latest Africa’s Pulse […] The post
The Director of Legal Affairs for the opposition National Democracy Congress (NDC), Edudzi Tamakloe, has stated that the New Patriotic Party under President Akufo-Addo used the Eurobonds to cushion Ghana’s currency from depreciation from 2017 to 2021. He said the government decided to use Eurobonds to give the Cedi an ‘artificial strength’ emphasising that the […] The post Govt
Ghana does not need the Special Drawing Rights (SDR) of the International Monetary Fund (IMF) for economic growth, an economist Dr John Kwakye has said. In the view of the Director of Research at the Institute of Economic Affairs (IEA), Ghana can develop by relying on its natural resource wealth. “We don’t need any SDRs […] The post Economist
By Rashidatu IBRAHIM An economist and advisor on South-South Cooperation and Development Finance at the South Centre, a Geneva-based intergovernmental organisation, Yuefen Li, has urged African countries to enforce regulations that require multinational corporations to contribute a greater share of taxes for their operations within these nations. She noted that implementing such measures would serve […] The post
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has declared that Ghana’s economy is on an upward trajectory compared to previous years. Previously, the economy had experienced a downturn, prompting the government to seek a $3 billion International Monetary Fund (IMF) bailout. However, during his address to the Public Accounts Committee of […] The post Ghana’s
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
The Ghana Private Road Transport Union (GPRTU) is set to meet on Wednesday, April 10, to deliberate on the possible increase in transport fares. However, the Western regional branch of the union has announced a 30-percent increment in transport fares for its members, effective Monday, April 8. The driver’s union has complained over the increasing […] The post Transport fares hike: GPRTU
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
By Emmanuel AKOMEA The Chief Executive Officer of DCG Consulting Group, Dzibordi K. Dosoo, emphasizes the significance of prioritizing skill development and effective communication to thrive in today’s competitive business environment. According to her, regardless of the product or service offered, refining one’s abilities and communicating effectively with customers are pivotal for success. Dosoo further […] The post
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 Dr. Richmond ATUAHENE Abstract The present paper examines the issue of the current Ghana’s public debt crisis, its underlying causes and lessons for the present and the future. After providing a historical discussion, we show that the austerity of the last four years has been unsuccessful in stabilizing the debt while, at the same […] The post The
The flagbearer of the opposition National Democratic Congress (NDC) John Dramani Mahama has reaffirmed his commitment to equitable regional development in his next government. Speaking to a crowd after the NDC’s 24-hour Kwahu Easter walk on Easter Sunday, March 31, 2024, the former President underscored the infrastructural initiatives undertaken during his tenure in the Eastern […] The post Mahama
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS