Tag Archives: ECONOMY

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 …

The Managing Editor of the Insight newspaper, Kwesi Pratt Jnr has asked the ruling government to find practical ways of reducing the hardship Ghanaians are facing. Contributing to a panel discussion on Peace FM morning show ‘Kokrokoo’, Kwesi Pratt said: “talk of GDP, KWZ… but the majority of Ghanaians are …

President Nana Addo Dankwa Akufo-Addo has expressed his commitment to building the local economy in order to improve the standard of living of the people despite the pandemic. Mr Akufo-Addo indicated that his administration has managed the economy, in spite of the ravages of the coronavirus pandemic, better than what …

Former President John Dramani Mahama has taken on the governing New Patriotic Party (NPP) over what he calls a “total collapse of the economy”. Mr. Mahama said President Nana Akufo-Addo and his head of the economic management team had failed to make pragmatic decisions aimed at salvaging Ghana’s fragile economy. …