Tag Archives: ECONOMY

Government has announced it will inject a capital of US$2 billion into the economy to curtail the sustained depreciation of the cedi against major trading currencies. This was captured in a circular released by the Presidency on March 23, 2022. The Presidency said the move forms of measures adopted by …

North Tongu MP, Samuel Okudzeto Ablakwa, has indicated that the current Economic Management Team of Ghana must be changed. According to the MP (Member of Parliament), this management team has led the country into trouble through their mismanagement of the country’s resources. In a JoyNews interview monitored by GhanaWeb, Ablakwa …

The Vice President, Dr. Mahamudu Bawumia, will speak on the Ghanaian economy in April, his spokesperson, Dr. Gideon Boako has said. Following worsening effects on the Ghanaian economy, including price hikes on fuel and basic commodities and depreciation of the Cedi, there have been calls on the Vice President to …

Former Chairman of the National Democratic Congress (NDC), Dr Obed Yao Asamoah, has opined that the Vice President, Dr. Mahamudu Bawumia is silent on the economy as a result of his reported presidential ambition. According to him, a realization has dawned on the Vice President that he may lead the New Patriotic Party (NPP) into …

Russia’s invasion of Ukraine could have knock-on effects on the German economy, slowing its growth potential and even potentially knocking it into recession at times this year, warns the country’s central bank. “The effects of the Russian invasion on Ukraine should noticeably weigh on German activity in March,” reads the …

President Akufo-Addo, has assured that the policies being implemented by Government, in the wake of the difficulties occasioned by the COVID-19 pandemic, will help the economy rebound faster than anticipated. Acknowledging the difficult times the nation is going through, President Akufo-Addo noted that every country on the face of the planet, is …

Deputy Finance Minister, John Kumah, has affirmed Prof Kwesi Botchwey’s assessment that Ghana is in an economic crisis. In an interview on Neat FM, monitored by GhanaWeb, John Kumah said that the government acknowledges there are difficulties, but these difficulties are not beyond the strength of the country. The deputy minister …

Professor Kwesi Botchwey, Ghana’s longest serving Finance Minister, has proposed wide-ranging measures to address the economic challenges confronting the country. He said the current macro economic indicators, including the country’s debt to GDP ratio, inflation rate, drop in credit worthiness rankings, fast depreciation of the cedi against the US dollar, …

The International Monetary Fund (IMF) has confirmed that Ghana is in debt distress, a deputy Ranking Member on Parliament’s Finance Committee, Isaac Adongo, has alleged. According to him, the development comes after the Fund, in its latest Monetary and Capital Monitor report, affirmed Ghana has attained ‘the unenviable economic status of a …

The Asantehene, Otumfuo Osei Tutu II, has advised businesses to recognise their operations as contributing to the growth of Ghana’s economy. He said economic growth created wealth, some of which went directly into the pockets of workers to improve their well-being. Hence, he said, businesses were expected to grow and expand …