Tag Archives: Economy

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

James 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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Africa must join forces for economic independence – Bawumia


Vice President, Dr. Mahamudu Bawumia, has challenged African countries to strive for economic independence. Speaking at the opening ceremony of the African Diaspora Homecoming Conference today [Tuesday], Dr. Bawumia said there should be a more conscious effort between Africans and the diaspora community for development. He said Africa should look at countries such as Japan and China which have evolved ...

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We’re working on modalities to fix economy – Bawumia          


The Vice President, Dr Mahamudu Bawumia has said government has started working on modalities to fix the economy. According to him, government is hopeful to turn things around with support from the private sector. “This is our sixth week in government but we have already started doing some things we believe are going to  turn around this economy and all ...

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Nana Addo only trying to impress Ghanaians – Fifi Kwetey

fifi kwetey

A former Deputy Finance Minister under the previous National Democratic Congress (NDC) government, Fifi Kwetey, has said that President Akufo-Addo is unaware of the realities existing in some sectors of the economy; for which reason he is creating the impression that the difficulties can be easily resolved. He said Akufo-Addo’s comments during the State of the Nation Address suggests that, some ...

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Ghana’s economy not ‘broke’ – Ablakwa

Samuel Okudzeto Ablakwa

The Member of Parliament for North Tongu, Samuel Okudzeto Ablakwa, has dismissed President Nana Akufo-Addo’s suggestion that the Mahama-led administration left Ghana’s economy in crisis. President Akufo-Addo, in his first State of the Nation address, said his administration did not inherit a stable economy from the erstwhile Mahama-led government. The President revealed that government missed all the targets set for the country ...

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Economy won’t collapse under my watch – Nana Addo

President Nana Akufo-Addo

President Nana Akufo-Addo has stated that he will not allow Ghana’s economy to collapse under his watch, despite inheriting a challenging economy from the previous National Democratic Congress (NDC) administration. He gave the assurance while making some revelations on the state of Ghana’s economy during his maiden State of the Nation Address to Parliament. State of economy The President revealed ...

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