Tag Archives: ECONOMY

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 …

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 …

Political Science Lecturer at the University of Ghana Professor Ransford Gyampo has advised Professor Jane Naana Opoku-Agyemang, running mate to former President John Mahama to talk about the economy when she gets the least opportunity to do so. According to him, she cannot speak without talking about the economy which …

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 …

Ghana’s response to the Coronavirus pandemic continues to attract global acclaim as nations intensify their search for solutions to deal with the pandemic. The Washington Post, the renowned American publication, is the latest to applaud Ghana for the decisive way it has responded to the crisis since it broke out …

On April 13, 2020, the Executive Board of the International Monetary Fund (IMF) issued a statement approving the disbursement of US$1 billion credit facility to the government of Ghana to be used to address the impact the COVID-19 pandemic is having on the economy. The disbursement of the credit facility follows a …

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 …