Tag Archives: ECONOMY

Flagbearer of the opposition National Democratic Congress(NDC) has re-echoed what he says is the grim economic realities of the country, as he took a swipe at government for false growth forecasts. He said just a month experience of the global pandemic(coronavirus) has sent the much touted robust economy reeling from …

Finance Minister, Ken Ofori-Atta says the Ghanaian economy will take three years to recover from the impact of the COVID-19pandemic. The Minister in an article published in the Financial Times said “A U-shaped recovery is touted, but ours will likely be a steep drop, then a two- to three-year downward slide before a …

Ghana has undergone considerable changes in terms of its economic structure through diversification, by shifting focus on the production of raw materials to value addition, says Vice-President Dr. Mahamudu Bawumia. According to him, this is a key pillar of Nana Akufo-Addo’s ‘Ghana Beyond Aid’ agenda, which is being implemented through …

Ghana’s debt stock has increased by about GS86.6 billion since the Nana Akufo-Addo government came into office three years ago. Some economists and market watchers have described the rate and quantum of borrowing by the government as alarming and warned that it could plunge the nation into an economic crisis …

International credit rating agency, Moody has reaffirmed Ghana’s credit rating at B3 with an upgraded outlook to positive from stable. This credit rating position is the best Ghana has received from Moody’s in the last decade. A statement issued by Moody on Friday, 24th January 2020 stated that “Moody’s investors …

President Nana Addo Dankwa Akufo-Addo, says his government has succeeded in turning around the fundamentals of Ghana’s economy, which he inherited from the Mahama administration, ensuring that, currently, all the fundamentals are pointing in the right direction. According to President Akufo-Addo, “we inherited a situation with a large fiscal deficit, …

Former Minister of Power, Dr Kwabena Donkor, has said Ghana is sick in so many ways. Preaching at the Pentecost International Worship Centre, Kokomlemle in Accra on Saturday, 20 April 2019, the opposition lawmaker relied on 2 Chronicles 7:14 to ask for healing for the nation. That bible verse says: …

Nigeria’s debt office said on Thursday it expects the government to approve total borrowing of 1.649 trillion naira ($5.39 billion) in 2019. Half the debt, 824 billion naira, will be foreign borrowing, Patience Oniha, the director general of Nigeria’s Debt Management Office, told reporters in the capital Abuja. Nigeria, Africa’s …

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