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Tag Archives: Economy

Ghanaians are disappointed in NPP gov’t – Amissah-Arthur

Former Vice President Kwesi Amissah-Arthur, has broken his silence since the NDC’s defeat a year ago, claiming that Ghanaians are disappointed with the New Patriotic Party’s handling of the country. “I think that quite a number of people are disappointed as to where this country is being taken,” he said while speaking to a section of the media in Ho ...

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The loosening of Ghana’s monetary policy [Article]

Over the past year, the Bank of Ghana has cut its benchmark Monetary Policy Rate five times. Elorm Desewu and Toma Imihere examine how continuity and transparency in monetary policy is benefiting the economy The latest cut in the Bank of Ghana’s Monetary Policy Rate, announced on Monday, November 27, 2017 is the fifth since the immediate past Governor of ...

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Ken Ofori Atta: A man of humility, confidence and discipline [Article]

He is so respectful and disciplined that, at 6:00 am on 31st July, 1993, on the morning that his wife’s waters broke and he was driving on top speed to the hospital to have his first child, Ken stopped at the sight of a red traffic light even though no one was watching. What a man does, when no one ...

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‘Bawumia always lies about Ghana’s economy’ – Adongo [Audio]

National Democratic Congress (NDC) Member of Parliament for Bolgatanga Central, Isaac Adongo, has accused Vice President Dr. Mahamudu Bawumia of consistently peddling falsehood about the status of the country’s economy. According to him, the recent failed attempts by the government to meet its target for the first tranche of the energy bond was an indication of the inability of the Economic management ...

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Vigilantism might scare away investors– George Loh

Attacks being carried out by vigilante groups supposedly affiliated to the governing New Patriotic Party (NPP), across the country, could scare away foreign investors, former NDC Member of Parliament for North Dayi, George Loh, has suggested. Speaking on Citi FM’s news analysis programme, The Big Issue, Mr. Loh said: “These things[attacks] send such wrong signals internationally that if we are not careful, ...

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Businesses can capitalise on IMF extension – Spio Garbrah

A former Trade Minister, Dr. Ekow Spio Garbrah, believes the extension of the International Monetary Fund (IMF) program by the government, should lead to lower interest rates for businesses in the country. According to him, such a move will rather enhance trading activities in the country, while inviting other countries to trade with Ghana. Government has extended its IMF program ...

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Ghana lost $3bn under Mahama over dumsor –Akufo-Addo

President Nana Akufo-Addo has said Ghana lost about $3 billion in economic activities during the power crisis that hit the nation under the Mahama administration. Akufo-Addo who quoted figures from the Institute of Statistical, Social and Economic Research (ISSER) said the country lost about GHc618 million in economic activity in 2014 alone which he said is “equivalent to 2 percent ...

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We’ll overcome economic challenges Mahama left – Nana Addo

President Nana Akufo-Addo is confident his government will overcome the economic challenges left by the Mahama Administration. Speaking before the people of Bibiani at a durbar on Monday, he said his young government was already fulfilling its pledges despite the economic mess inherited by his administration. According to President Akufo-Addo, “when we came into office, we were met with huge debts ...

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We’re taking unorthodox steps to solve economic mess – President

The President, Nana Addo Dankwa Akufo-Addo has stated that due to the ‘desperate’economic conditions that persist in the country, his government has had to make several unconventional decisions to address those challenges. According to him, despite his general knowledge of the country’s economic predicament prior to becoming president, he was still taken aback by the severity of existing challenges. Speaking ...

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Abandoning sole-sourcing will ‘cripple’ Akufo-Addo’s gov’t – Avedzi

The Deputy Minority Leader, James Kludze Avedzi has urged caution on government’s decision to totally forgo the use of sole-sourcing in the award of government contracts. The New Patriotic Party (NPP) administration accused the Mahama administration of having a voracious appetite for sole sourcing of contracts which were inflated at times. The NPP argued that, sole sourcing allowed corruption, and ...

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