Ghana economy

President Akufo-Addo, last week, ordered the Minister for Finance, to commence formal engagements with the Fund after a telephone conversation with the president and the IMF managing director, Kristalina Georgiev.

It is indisputable that the current Akufo-Addo/Bawumia-NPP government is the most resourced government in Ghana’s history.

The 2022 first quarter growth is the second slowest growth rate the country recorded since 2020 after the -3.3 percent growth recorded in the third quarter of 2020.

So some policy analysts and journalists have described Gabby’s tweet as a mind game on Ghanaians to pave way for government to announce intent of going to the IMF since …

The finance and economic expert warned that the worst thing that could happen to Ghana at this point as the economy strives to rebound will be to default on debt …

According to the latest Monetary Policy report by the Bank of Ghana, the bad debt is made up of loan losses, depreciation, among others.

Teacher unions including NAGRAT, GNAT and others have given a June 30th deadline for government to pay the allowance or face a series of industrial actions.

They believe the Bank of Ghana’s measures put in place to curb the consistent rise in inflation are either not working or the situation is not being diagnosed properly. Both, …

Further indicating that, it do not expect that private investment will meaningfully cushion the negative impact of subdued public infrastructure spending on the market’s construction industry growth, the agency said.

Ghana’s Trade and Investment Risk assessment scored of 50.9 out of 100 to outperform the West Africa average of 36.4. The score also was the second best on the continent …