Home / Tag Archives: ECONOMY

Tag Archives: ECONOMY

Akufo-Addo faces stern economic test

President Nana Addo Dankwa Akufo-Addo will start his final four-year tenure on January 7 with his task on the economy well cut out for him. He will be expected to lead the revival of an economy that has been pushed into its first recession in almost 40 years, prune down public spending …

Read More »

Coronavirus pandemic rails Ghana’s economy into a recession

Ghana’s economy has, for the first time in nearly four decades, experienced a recession for consecutively two quarters of 2020. According to provisional GDP figures by the Ghana Statistical Service (GSS), the economy suffered a contraction as a result of the adverse impact of the coronavirus pandemic and its associated …

Read More »

Deception, huge consumption spending killing Ghana’s economy – Terkper

Finance Minister, Seth Terkper, has said the current Finance Minister’s penchant to churn out questionable figures during budget presentations so his books will look good, is contributing to Ghana’s troubled economy. According to him, because Ken Ofori-Atta usually fails to provide the true figure of, for instance the budget deficit, the financial system …

Read More »

Gov’t to expand economy with iron, steel

The Minister of Lands and Natural Resources Kwaku Asomah-Cheremeh has noted that for a long time Ghana has been sitting on another mineral that has the potential to catapult the local economy but it hasn’t been given much attention. This, according to him, is iron, the bedrock for the Iron …

Read More »

Ghana’s economic growth set to rebound

Following the announcement earlier this week that Ghana’s economy contracted by 3.2 percent during the second quarter of 2020, senior officials of both the Ministry of Finance and the Bank of Ghana have been quick to assure that this is just a temporary blip and that economic growth is expected …

Read More »

Available data proves NDC manages economy better than NPP – ASEPA

The Alliance for Social Equity and Public Accountability (ASEPA) says claims that the ruling New Patriotic Party (NPP) are better managers of the Ghanaian economy are inaccurate. According to ASEPA, available evidence backed by documents from Ghana International financial donors suggest that the opposition National Democratic Congress does better with …

Read More »