Economic crisis Archives - Wontumi Online

22 Jun

Economic Crisis: Buying Locally Produced Goods A Way To Cut Expenditure -Timothy Mugodi

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Head of Corporate and Investment Banking at Stanbic Bank, Timothy Mugodi, has said Ghanaians can save some money if they patronize locally manufactured products amidst the soaring inflation rate and economic crisis. The buying of the locally produced goods, he said, will help stabilize the economy. Mr Mugodi, while speaking on Graphic Business-Stanbic Bank Breakfast Meeting in Accra on Wednesday, June 21, 2023, further entreated Ghanaians to be financially literate and adopt a savings culture. The seeking of knowledge in financial literacy he stated will guide and shape both their personal and business lives. He said, "We have to look…

28 Mar

Economic Crisis: US To Seek Paris Club’s Support For Ghana

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The United States government has promised to intervene on Ghana’s behalf with the Paris Club as the country seeks debt forgiveness as part of the International Monetary Fund’s balance of payment support. The US Vice President, Kamala Harris, announced this at a joint Press Conference with President Akufo-Addo. According to Mrs Harris, the US will help Ghana with all the support it needs to ensure that it scales through its current economic crisis. “We welcome Ghana’s commitment to reform its economy for sustainable and inclusive growth. We support Ghana’s engagement with the IMF, and we will continue to push all…

11 Feb

Toughest Times: We Either Sail Or Sink Together – Akufo-Addo Tells CEOs, Board Chairs Of SOEs

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President Nana Addo Dankwa Akufo-Addo has told CEOs of state-owned enterprises that it os high time they put their shoulders to the wheel to get the country out of her current economic abyss or everything risks running aground. Declaring his intolerance for excuses and nonperformance by the chief executives and board chairs of state-owned enterprises, the president said they must either perform or get shown the exit. In his keynote address at the maiden State Interest and Governance Authority (SIGA) annual stakeholder meeting held at Kwahu Abetifi in the Eastern Region on the theme: 'Time to reflect and rebuild', President…

23 Nov

We Are Suffering Due To Our Wickedness- Wofa Kay Tells Ghanaians

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The Chairperson of New Patriotic Party (NPP), in the United Kingdom (UK), Kingsley Adumattah Agyapong who is better known as Wofa Kay, has said that Ghanaians are suffering due to the wickedness of the citizenry. He noted that there are so many challenges faced the country and the world at large which could have been prevented but is happening due to attitude and wickedness of some individuals. He told Kwaku Dawuro on Movement in the morning show on Wontumi Radio/Movement TV. "We are suffering now due to the wickedness of some of us. As we speak, the scarcity of the…

11 Nov

Even The Giant Economies Calling For Shots Are Grumbling- Freda Prempeh Speaks On Economic Crisis

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The Member of Parliament for Tano North constituency and Minister of state at the ministry of Works and housing, Honourable Freda Prempeh, has said that even the giant economies calling for the shot were not spared the brunt of the global crisis. According to her, although that doesn't mean the government will relent on its effort to ensure that the economy bounces back. "In 2016 when President Akufo-Addo came to power, we witness the massive project and infrastructures the government was able to implement. There were a lot of things he did prior to the outbreak of COVID-19 and Russia-Ukraine…

08 Nov

NDC Wants Alban To Rule As Prez Before 2024 Ends- Paul Amaning Makes Wild Allegations

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A communications team member of the governing New Patriotic Party (NPP), Paul Amaning has asserted that the minority in parliament has an agenda of ensuring that Speaker of Parliament, Rt. Hon Alban Sumana Bagbin is made President before 2024. According to him, it's for this reason that the minority in Parliament initiated calls for the head of finance minister. He notes that they have an agenda beyond the sacking of finance Minister. "How do you sacrifice someone who goes to search for fund to run the country. If you want to sack him, then how about those who are misappropriating…

07 Nov

Imagine The Current Economic Crisis Without Free SHS – Paul Opoku To Ghanaians

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The first constituency vice chairman of the ruling New Patriotic Party (NPP) in Dome-Kwabenya, Paul Opoku has said that there's no way the opposition NDC can reduce the inflation rate nor soaring food prices if granted the opportunity to rule. According to him, Ghanaians should never see the NDC has an alternative and a solution to salvage the current economic crisis. "If you think things are expensive hence, when power switches to the NDC it will reduce, then you're deceiving yourself. If you understand the dynamics, you will appreciate the current state of things- before the global pandemic, when you…

31 Oct

Ghana’s Economy Is Still Strong Despite Global Crisis- Kwadwo Boateng

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Former NPP Chairman for New Juaben North, Kwadwo Boateng Agyemang, has categorically stated that Ghana's economy is still strong despite the global crisis. According to him, although Ghana hasn't been spared the effect of the global crisis, our case is different, as compared to what other countries are going to, which he attributed to the good leadership of President Akufo-Addo. "Ghana has been spared the indicators that weaken the pillars of the economy and we are very fortunate. Because, for some countries like Sri Lankan, they are not even getting food to eat. Today, Malaysia go and see how they…