Ghana economy deteriorating

    Adnan Adams Mohammed   The African Development Bank’s newest report, the 2023 West Africa Economic Outlook, ranked Ghana’s external debt to GDP of about 39.5 percent recorded in …

An economist believes that, as Ghana moves to negotiate with China for debt forgiveness, the debt stressed country needs proactively to industrialize the economy in order to withstand external economic …

Adnan Adams Mohammed   A former Finance Minister has diffused government’s incessant blame of Ghana’s economic woe on effects of the Covid-19 pandemic and the Russia–Ukraine war.   The former …

Adnan Adams Mohammed   The International Monetary Fund (IMF) has projected a 2.8% Gross Domestic Product for Ghana in 2023, as it expects the growth rate in 2024 to be …

Adnan Adams Mohammed   Ghanaians are facing a period of economic harshness never experienced after the periods of the military junta in 1980’s.   While inflation is beating about three …

Adnan Adams Mohammed In a sixteen pointer release issued by the Communication Office of National Democratic Congress (NDC), it has outlined major factors that has destressed the Ghanaian economy in …

According to the fund, it is possible to change the terms of support request of the government to better suited terms that solves the current challenge the economy faces. It …

The ratings released last week, projected annual average inflation of 22% in 2022, slowing to 16% in 2023. Fitch’s projection is better than Ghana government’s revised projected end year inflation …

The downgrade reflects deterioration of Ghana’s public finances, which has contributed to a prolonged lack of access to Eurobond markets, in turn leading to a significant decline in external liquidity.

The Covid-19 pandemic and the conflict in Russia have magnified Ghana’s fiscal and external imbalances, S&P said.